I'm sorry to hear that.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..
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
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.
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.
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
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
