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Did you take the free trial and test it? You have to remember or understand that this system is based on crowd behavior.
In my (untested) opinion I don’t think you get enough crowd participation on smaller time frames to see the reemergence of momentum in a meaningful way. My smallest time frame is 15 minutes and that is for context only.
Personally I trade intraday, just on the 240 minute timeframe. I’m not looking to flip contracts as you mention but seeking bigger moves on larger time frames.
The products, methodologies and the business owner are rock solid. I use this system daily. Take the trial, test it yourself and see.
Feel free to connect with further questions if you wish.
Can you help answer these questions from other members on NexusFi?
Thanks @dgresens I just signed up for the free membership this morning but have not started a trial yet.
Did you find it easy to get it set up and get a basic understanding or is this something with a steep curve
Have you found any other groups or Discords without membership fees using the software?
The software setup itself is pretty straightforward. Download, and import the various tools into NT.
I want to be clear on this point. This is a different style of trading. It’s taken me over a year to learn the nuances of it and I’m still learning. But I like it as it fits my trading personality. The learning curve is totally self dependent. What are you willing to commit to learn this? You want fast bucks with no plan, or are you willing to look at potentially bigger opportunities, and learn a method that doesn’t rely on the typical “stuff” or BS?
Do you truly understand pullback trading, or the concept of trading the reemergence of momentum? This isn’t flipping a few contracts intraday as mentioned. I don’t mean that critically but that is not what this is.
Reading Adam Grimes The Art and Science of Technical Analysis, subscribing to the Premium service (which I have used and highly recommend getting started, but I use the plus service currently), reading Ferenc’s blog and reading every post in the forum, will provide a solid learning foundation. The forum provides deep insight into this methodology.
They have a Discord, it’s free but not very active. The forum in my opinion is beyond what you will pickup knowledge-wise verses any discord channel. This is a unique style of trading that will require a commitment, but like I said it fits me. You have to find what fits you.
Listen, if you are serious about your trading, and treat it like a business, you can 100% build a plan around this methodology and potentially make money. But it is a commitment I won’t sugar coat it. It’s hard, challenging, educational and fascinating but if you commit you can see rewards.
There are a ton vendors in this business, I can count on one hand the number I trust. Ferenc is one of them. It’s a well thought out approach to trading and his business. I would say otherwise if it was not the case. I gave you more than you asked for but I think it’s worth a look because personally I feel strongly about it. Do the trial when you’re ready. Happy to answer further inquiries.
(just to be clear, no affiliation just a Remek! customer).
I want to add one more thing. I think when you install the trial, it takes you to a very well done documentation page(s) that walk you through the basics. But the settings that you get out of the box are the default settings that I use and Ferenc trades with. I have not altered one setting. That was the point I wanted to add is the settings. Leave ‘em.
I stumbled upon Ferenc's backtesting videos on YouTube recently, and I'm curious if anyone here has taken the time to verify them? My free trial expired, so couldn't really continue to play around with the software.
btw, I have been researching algos/building algos for a couple of months now, but I haven't really seen yet software developers that share backtesting results (which is crazy..). Did you experience the same? It just feels more credible to me, also liked that Ferenc teaches at a university.
Although I have watched the videos and the software is capable of algo trading, it’s not something I prefer. I would not recommend just turning it on and thinking it’s an ATM. The key to the automation is knowing when to turn it on. As mentioned above, if you’re serious about trading, take the time to read the forum, and blog posts. They are very informative and critical to my personal understanding. There are quite a few videos that are worth watching.
I have not attempted to verify the findings in the videos. I will say, Ferenc covers very important and typically overlooked points in back testing.
If you check the website https://www.remek.ca/ they are running a year end flash sale. It’s worth checking out. When I started on this journey I leased the products. Then I committed and purchased the software. It has changed my trading for the better.
Thought would give this thread a quick update as Remek has changed their pricing structure. If you are interested in pullback trading, Ferenc has made it very affordable to be part of this trading style. We've had some great moves this year. Here is an updated link to the website with the new pricing structure. https://www.remek.ca/remek-premium-packages.
I am sharing this for the community simply as a courtesy, I am not affiliated with Remek just an end user of the products.
Feel free to DM me or reply to the thread if I can answer any questions.
Thanks for the update. I have had it over 6 months, but still struggling to make any money. I agree there is a learning curve and it has to be taught. Unfortunately, if you want to learn the system you have to pay the monthly fee to best understand it. I just cant do that. I try to watch the free videos, but just not getting it. The Discord group is boring and really has no activity whatsoever.
I would not discourage anyone from purchasing the indicators, but as someone said above, it would be best if you understood pullbacks.
There is definitely a learning curve with this style of trading. You’re getting a great value at $49.00/month for the premium membership, but you really need to dig into the forum and blog. There is a wealth of information in those two resources. I have a personal rule, that in the daily premium update that Ferenc provides, if the contract is not discussed a potential trade, I don’t take trades on my own so to speak. There are a lot of nuances to this trading style. That has help me reduce the incorrect reads on the market.
My trading has definitely improved over the 1.5 years since I’ve made this switch. But I attend all the workshops, read the blog/forum and follow the process. An invaluable resources for me was the Adam Grimes book the Art and Science of Technical Trading.
This was new to me and I have gotten better at this style of trading. You should trade it in SIM until you get more proficient at it. My point is don’t give up, it is a proven edge/system and it does work. It is not without some amount of effort, but I enjoy the ‘work’.
Again, I appreciate the encouraging words. But (and there is the but) SIM does not help me if I don't know what I am doing. And understanding what I am doing comes through the monthly paid rooms. I have given Remek almost 2000 dollars and it is difficult to pay monthly fees to learn how to understand it. Maybe I am old fashioned, but purchases generally came with instructions. Otherwise, the monthly fee is an unseen added addition to the cost of the indicator, right?
Plus, it seems like things are changing in such a way to make the older customers obsolete. He has a new price schedule that seems very fair to a new comer. (And I understand prices change so I have no beef with that). However, I also understand that software purchased, is no longer included in upgrades/revisions after a year. But with the new deal you pay the 49 dollars a month - you rent everything -and my understanding is the the free training is included in the room - and never have to worry about a revision because the rental always incorporates the newest edition of the software. That is a hard pill to swallow for a past customer still trying to learn the indicator.
I have already lost one of the indicators I purchased because it became obsolete (Momentum PRO INDICATOR v3.41) and now I wonder what I will do with the Momentum PRO STR BT v3.53, once the one year purchase comes up?
My situation has been a challenge. Again, if your financial circumstances allow you to try the 49 dollars per month, and you get the nine indicators along with a trade room? I would say try it. I wish I had had this opportunity back in 2022.
I certainly respect and understand your points and where you are coming from. I too own the software, purchased all of it. So we are in the same boat there. Like you I have a choice to make, pay the upgrade fee (for all three versions), lease the product when new versions come out or do nothing. I'm perfectly happy with the way the software is now, it accomplishes a lot for me.
There is extensive documentation on the website as to the settings and functionality. Ferenc has done an excellent job documentation the use and settings of the system.
I have to respectfully disagree on the SIM aspect of this. I traded this in SIM for a good while to learn the nuances of the system and the style. It is THE place not to blow yourself up. You have to focus on the process not the dollars won. You do need to focus on the dollars lost as part of the process as where to place your stops (near the opposite Keltner, or pivot ), this is part of the learning curve. This sums up the process in a nutshell: .
We follow this process day in and day out. Do we lose, you bet, do we win, yes we do. From what I gather you have what you need to trade SIM and prove to yourself this can work, just internalize the process so it's yours, matched to your account size and risk tolerance.
Here is an example of me trying to get long MCL on the daily (I usually trade the 240M, but the setup is there). Note the blue algo arrows where the system went long.
