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Pockets are getting rather thin, I was hopeing that I was just using it incorrectly some how. Was looking at DTS as a trading system rather than a bot. Hopeing to get a bit of training and support.
The following user says Thank You to ntcat for this post:
Here's my opinion on paying for training. Everything you need to make you successful is freely available online. But you're going to have to dig through a lot of garbage. Paying for training is essentially buying a curated list of information that is free online. How much you're willing to pay for training depends on how much the curation service is worth to you. More expensive does not equal better, and often is actually worse because they are specifically targeting deeper pockets that are less likely to complain.
If I told you send me $1000 and I'll send you back $2000, would you do it? That is the basics of buying a bot. If I told you send me $1000 and I'll send you a PDF, would you do it? That's the basics of buying training.
The following 3 users say Thank You to planetkill for this post:
I am very sorry you paid out that money. That is a large sum of money to go up in smoke.
The truth is, this feels to me like you have been had. That is a ridiculous amount of money to spend on an automated trading system. There are many discussions on FIO about automated trading and strategies.
Did you request if they trade this automated system themselves?
Did you request they send you brokerage statements for proof of profitability? Yes, these can be faked but it's a lot of work.
Traders often think this is a way to get rich. Your computer earning money whilst you do your day job or you sit back in your trading chair and watch the dollars roll in. I can tell you that that will never, ever, ever, ever happen.
I don't know anything about this company and I won't look them up because I have seen this all before. From where I am standing, you have had your first taste of what a cesspool 'so called' trading vendors can be.
The good news is, Google will capture this post if anybody searches for a review. Hopefully, this vendor will go the same way as your hard earned cash.
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- Trade what you see. Invest in what you believe -
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The following 13 users say Thank You to JonnyBoy for this post:
I am very sorry you have lost money on something like this, and I hope you do not lose any more by sending any more.
We see many, many people in this kind of situation -- not, as far as I am aware, with this vendor, but with vendors of systems in general. What it comes down to is that you should not expect anyone to provide you with a way to make a lot of money in the markets. As has often been said, if their stuff worked as well as they always say, they wouldn't be selling it, even for several thousand dollars. They would be using it themselves and raking it in.
Very likely. Unless you can manage to get the money back via your credit card.
Sorry, no. At least, not without taking extreme care.
You should check the Search function on the top of every page in FIO. I just did a search for "indicator warehouse" and got a number of hits. I would read the experiences of other traders before committing any money to anyone.
There are, of course, vendors who have good products that do what they say they do. In a very few cases, this actually does include vendors of indicators and systems. As a rule, the less they promise, the more likely it is that their claims are legitimate. In trying to figure out whether they are legitimate or are not, the experiences of other traders here on FIO can be invaluable.
If you want some responses on indicator warehouse, I suggest you select one of those threads and ask for feedback. You may get responses that steer you to something good, or steer you away from something disastrous. (I don't know them and have no opinion to offer.) If you give the threads a scan first it may help you decide.
Whatever you do, be cautious.
Do not expect anyone to sell you a simple way to succeed in the markets. They do not have it. Some, a few, may have something that can help, if you can put it to use yourself using your own understanding of trading and markets. Most probably are simply even not that good.
Other traders can help, as can other sources of information, but there is no shortcut, unfortunately.
Good luck.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
The following 4 users say Thank You to bobwest for this post:
I didn't notice this reference to "DTS". Run a Search on this also in the Search box, I believe there will some entries. Stay very, very careful about where you send your hard-earned, easy-to-lose money.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
The following user says Thank You to bobwest for this post:
Okay, so curiosity killed the cat. Their website is 157 days old. They purchased the domain for 1 year.
I allege something shady here. A sneaky banner suggests they have links to @NinjaTrader by calling themselves NinjaScript Consultant. NinjaTrader can comment if they wish to.
It looks like they are not an associated vendor of NinjaTrader (they will confirm if they wish) but have made a logo banner and used the same font etc. suggesting links. Of course, the sneaky part is saying NinjaScript Consultant. I guess if we write our own code for NinjaTrader, we are all NinjaScript Consultants...
EDIT: I removed the word scam from my post. A bit harsh maybe...I just feel so passionate about this kind of stuff...someone paying thousands of dollars etc. etc.
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- Trade what you see. Invest in what you believe -
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The following 3 users say Thank You to JonnyBoy for this post:
Call your credit card company immediately and request a chargeback like the others in the thread mentioned. Look up how to do that if you don't know how. You can't purchase an off the shelf automated system that will trade and make money for you from a vendor. They don't exist. Give up the vendor system search - it's a lost cause. The best you can hope to do is find tools that you may find handy to help you trade. There are plenty of free ones on this site. You don't have to spend any money.
The following 4 users say Thank You to TheShrike for this post:
