Is Felton Using Sleeper Shills

Quote from carcanaques:

My pal also confirms Felton trades in SIM mode, not with real cash. /B]
Just curious why:
- any real 'expert' would ever trade sim?
- any real 'expert' would ever let anyone know they are trading sim?

R
 
Quote from carcanaques:

Just got the inside word from a Felton 3 month member. He claims the method is bogus and generates scores of buys/sells off a short term tick chart on a daily basis. Felton is ready to fleece more money from his sheep by charging an additional $300/month for this buy green/sell red TradeStation plugin similar to Ablesystems AND charge them a like amount for the benefit of coming into his room. Think $600/month on top of the $4000 for basic training.

Nothing like the heroin, that is, recurring revenue model to raise cash for a vendor. My pal also confirms Felton trades in SIM mode, not with real cash. Again, I searched his Website and couldn't find for the life of me any results section, real or hypothetical.

His advice after burning $4K; STAY AWAY and don't even bother with a free trial which is 99% sales hype and 1% smoke and mirrors..
I'm sorry to hear that.

I had it on good record that the operation appeared to be legitmate.

Well, you've been warned.

M
 
Quote from Anekdoten:

One time I did the trial because I was curious about the automated system he had giving the system calls.

In all honesty, I found nothing of value and I highly question the profitability of the room just like I question the profitability of any room without exception.

Anek

What was the problem with the automated signals exactly ? I'd assume that slippage/time delay and spread can kill the 1 point pt/sl approach pretty quickly in the ES.
 
Quote from Marsupilami:

What was the problem with the automated signals exactly ? I'd assume that slippage/time delay and spread can kill the 1 point pt/sl approach pretty quickly in the ES.

Exactly. The signals require you to buy/sell the opening of the next bar and on a 63 tick chart, the slippage is massive. In addition, the system produced close to 100 signals a day!
 
Quote from Marsupilami:

What was the problem with the automated signals exactly ? I'd assume that slippage/time delay and spread can kill the 1 point pt/sl approach pretty quickly in the ES.

In short, any experienced trader can tell the system is flawed.

Unfortunately, those with less experience will take the the cash loss before realizing it is flawed. Oh and let's not forget the cost of obtaining it. Complete scam.

Anek
 
Quote from Anekdoten:

In short, any experienced trader can tell the system is flawed.

Unfortunately, those with less experience will take the the cash loss before realizing it is flawed. Oh and let's not forget the cost of obtaining it. Complete scam.

Anek

I agree though the next question should concern the Shills that were pumping up his room their integrity must be questioned!!
 
Well, Bogan, I hope you do not include me in that category, just because I spoke positively of Roger's room previously. As I stated in an ET post previously, I'll give my candid opinion of any of the systems/methods I have purchased over the years.

I took the Felton course, and I still trade the method (with my own refinements) as one of the two methods I currently trade. And yes, I'm profitable with it. I also have a trading friend who has had the same experience.

I have no direct experience with the automated TS system that Roger has discussed in his room for a couple months now. Frankly, from personal experience, I'm skeptical of any TS automated strategy that tries to scalp (i.e. profit target of 1 pt or less) an e-mini contract. However, I won't make a judgment of Roger's TS auto system until (and if ) I work with it personally.

Sandy
 
Quote from Anekdoten:

In short, any experienced trader can tell the system is flawed.

Unfortunately, those with less experience will take the the cash loss before realizing it is flawed. Oh and let's not forget the cost of obtaining it. Complete scam.

Anek

Whutz Skam ???

Well, Anek, you and Bogie are getting to be real trouble makers.:p
 
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