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Vinny E-Mini & Algobox Review TRADE ROOM


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  #611 (permalink)
lightsun47
Toronto, Canada
 
Posts: 364 since May 2018
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Analytic View Post
Algobox Lifetime used to go on sale for $5999 then $4999, now it's selling for $3499 the lowest we have seen in years. It's all about supply and demand dynamics folks! In 6 months I would expect it to be selling at $999.









Pay only $3499 one time for a lifetime of trading losses.

On a side note, how about actually buying this system, let it run in sim and trading the opposite in live accounts?

Wouldn't that make one profitable?

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  #612 (permalink)
Dmonz
Málaga
 
Posts: 45 since Nov 2021
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Touchups View Post
I get that. He lost a ton of money in that 10 year span. Since then, especially recently, he appears to be making a ton of money with the system. That is all I am asking. NOT defending him. I have no dog in this fight. It is just an observation from his youtubes lately. I don't care if it is Apex (as he claims), or sim, or charlie brown's account. The system seems to be profitable, as of late anyway. Is it? Or just some freakish run? What am I missing?

You really made me watch a video of him.... And OMG, what a headache. What is with this annoying soundtrack and these click sounds? And what is all that stuff on his screen? I guess that it's all part of his sales tactic. He pictures perfectly the idea that new traders have of trading. Unnecessary piles of complex tools and indicators. Now they think they need that as well and buy his software...

And then the titles. "+$208,100 Morning Coffee." He did not make nowhere near that, as you can see on his screen on the right. He just multiplies it x20 and states that he has 20 apex accounts. But that does not mean anything. Big numbers sell better I assume.

Let's put that aside for a moment. Are you telling me that there really are people who watch his streams? There's absolutely nothing educational about it. And it's even less entertaining.

Let's go to the really bad things.

Maybe this helps to stop people buying into this...

From these few minutes I watched him, he is always adding to his losers, trying to bring his average down, and he moves his stop further away, leading to situations like this (see pictures).

...


...


Look at this...


40 contracts against him....


Does his software even do anything other than place weird names and symbols in his charts?

And here is the result of his trading "style". As expected, he blows up:



But you won't find these types of videos on his channel.



Analytic View Post

Pay only $3499 one time for a lifetime of trading losses.


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  #613 (permalink)
 
Analytic's Avatar
 Analytic 
New York NY/United States
 
Experience: Advanced
Platform: Multicharts, TS, TOS
Trading: Futures, Options, Stocks
Posts: 237 since Dec 2013
Thanks Given: 104
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Touchups View Post
Okay. I have not done a deep dive on the dates. There may in fact be plenty of gaps. Did not think of that. I have watched a couple, scanned the youtube lists, and get sucked in to the volume of them one after another. I realized they are being multiplied by 20 on some of the thumbs. My point was, it APPEARS he is doing what most of us are trying to do. Get 20 PA's, pad them, then size up after a while. It would be nice if he would show the apex account numbers. The part that shows the account successive number (3 digit part). That way you could tell if they are being blown all the time. Everyone would get a good laugh at mine.

Why not follow someone who is actually showing Apex PAs with payouts? I don't think he has a long term track record and would caution against just looking at short term results. He has had very big losses and multiple account blowouts but he is mostly transparent about them from what I have seen. He appears to be much more legit and transparent than Vinny.


The numbers tell the story.
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  #614 (permalink)
 
Analytic's Avatar
 Analytic 
New York NY/United States
 
Experience: Advanced
Platform: Multicharts, TS, TOS
Trading: Futures, Options, Stocks
Posts: 237 since Dec 2013
Thanks Given: 104
Thanks Received: 304


lightsun47 View Post
On a side note, how about actually buying this system, let it run in sim and trading the opposite in live accounts?

Wouldn't that make one profitable?

No it would not. Algobox has long term negative expectancy not just because the strategy in the long term is all noise but because NT8 is slow and and buggy. The platform crashes and freezes at frequent random intervals causing massive losses from slippage and straight up blow outs.

The numbers tell the story.
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  #615 (permalink)
 dnebadze 
cincinnati, OH
 
Experience: Beginner
Platform: NinjaTrader
Trading: Futures
Posts: 21 since Oct 2022
Thanks Given: 2
Thanks Received: 1


Dmonz View Post
You really made me watch a video of him.... And OMG, what a headache. What is with this annoying soundtrack and these click sounds? And what is all that stuff on his screen? I guess that it's all part of his sales tactic. He pictures perfectly the idea that new traders have of trading. Unnecessary piles of complex tools and indicators. Now they think they need that as well and buy his software...

And then the titles. "+$208,100 Morning Coffee." He did not make nowhere near that, as you can see on his screen on the right. He just multiplies it x20 and states that he has 20 apex accounts. But that does not mean anything. Big numbers sell better I assume.

Let's put that aside for a moment. Are you telling me that there really are people who watch his streams? There's absolutely nothing educational about it. And it's even less entertaining.

Let's go to the really bad things.

Maybe this helps to stop people buying into this...

From these few minutes I watched him, he is always adding to his losers, trying to bring his average down, and he moves his stop further away, leading to situations like this (see pictures).

...


...


Look at this...


40 contracts against him....


Does his software even do anything other than place weird names and symbols in his charts?

And here is the result of his trading "style". As expected, he blows up:



But you won't find these types of videos on his channel.





I am watching his YouTube loves every day, he does not have 20 account, he just make fun if he had 20 apex account that would be 200k or so, I am as curries as you are if it is his real money , I do not know but this week alone he did make over 175 k. but most I do not think he made that mich bc of system only ,he aolso trades 30-40 lots.

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  #616 (permalink)
 dnebadze 
cincinnati, OH
 
Experience: Beginner
Platform: NinjaTrader
Trading: Futures
Posts: 21 since Oct 2022
Thanks Given: 2
Thanks Received: 1


Touchups View Post
I get that. He lost a ton of money in that 10 year span. Since then, especially recently, he appears to be making a ton of money with the system. That is all I am asking. NOT defending him. I have no dog in this fight. It is just an observation from his youtubes lately. I don't care if it is Apex (as he claims), or sim, or charlie brown's account. The system seems to be profitable, as of late anyway. Is it? Or just some freakish run? What am I missing?

I do not think it is his system making hi this amount of profit, he reads market differently. looks like it works for him, and I did spoke one of the who. purchased algo box and loves it. I had 2 weeks trial and liked but still debating to buy or not

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  #617 (permalink)
 dnebadze 
cincinnati, OH
 
Experience: Beginner
Platform: NinjaTrader
Trading: Futures
Posts: 21 since Oct 2022
Thanks Given: 2
Thanks Received: 1


Big Mike View Post
Based on my understanding and recollection, he makes them do that or they risk getting banned from the group.

Maybe someone else can confirm. But I think I read that way back in this saga of a thread.

I do not think he banns for not posting results, but he banns for other stupid staff, like DM to other member, or asking someting not algo box related.

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  #618 (permalink)
 dnebadze 
cincinnati, OH
 
Experience: Beginner
Platform: NinjaTrader
Trading: Futures
Posts: 21 since Oct 2022
Thanks Given: 2
Thanks Received: 1


Analytic View Post
Confirmed. When I was in Vinny's discord room back in 2019 he would request/demand that all algobox traders to post their daily trading results with price charts in his room "so he can help them"
However I do recall him saying once something like "Just post your winners, I'm not interested in your losses" . Then at other times he did seem ok with people posting their losses
as long at it was not every day and as long as they blamed themselves for their trading losses and not him or Algobox.

I ssaw a some lossing trade posted lately, I did myself too when I had 2 week trail

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  #619 (permalink)
 dnebadze 
cincinnati, OH
 
Experience: Beginner
Platform: NinjaTrader
Trading: Futures
Posts: 21 since Oct 2022
Thanks Given: 2
Thanks Received: 1


dnebadze View Post
Hi, can you give me some direction what is DCM or you said you made it better would you share yours? thank you

DCM is order flow, and I would like to get it too, but I can't figure out what enigma is

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  #620 (permalink)
 
Analytic's Avatar
 Analytic 
New York NY/United States
 
Experience: Advanced
Platform: Multicharts, TS, TOS
Trading: Futures, Options, Stocks
Posts: 237 since Dec 2013
Thanks Given: 104
Thanks Received: 304



dnebadze View Post
I ssaw a some lossing trade posted lately, I did myself too when I had 2 week trail

There is a rumor going around that Vinny is using a fake account name and pretending to be a non-english speaker by using broken english with a lot of mistakes in spelling and grammar. The point is to hide the fact that he is Vinny and that he is marketing Algobox in this forum in stealth mode. Crazy rumor huh?

The numbers tell the story.
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