eminiviper.com

I started this topic because some questions I asked and answers I got from cba33558 were getting lost in this rather extensive topic here:

http://www.mypivots.com/forum/topic.asp?TOPIC_ID=2300&whichpage=30

We started this discussion on page 30 of that thread, and I thought I'd move it here so we can continue it (since no one took me up on my offer to start this thread). I'll cut and paste the three posts made after cba33558 posted a chart about eminiviper.com

From 6/8/09:

jimkane: Hey, cba. I checked out that EminiViper.com page. Very impressive. Seems like they don't have any losing days, or even losing trades (or do they not post those?). Is that so? If not, how many stop outs or false signals are you seeing on an average day? It doesn't mean much to me to see winners, I am more interested in the losers I have to take to get those winners. Also, are you the owner of EminiViper.com, or do you work for them? If not, what is your association? If I don't ask, that will likely be the first question from everyone else. Thanks.


cba33558: Hey Jim -

Thanks for visiting the Web site and offering your constructive questions and feedback...

The videos are intended to show the NQ Emini trades that are triggered by the system each day. Currently the system is designed to issue trade signals only the Nasdaq Emini. In addition to the Viper indicator, the system uses a combination of guidance charts and a trading chart that very rarely has a losing trade. With all of these constraints, it should be noted however, that there are not many signals that trigger in any given trading day. Depending on the volatility - usually one or two trades may trigger - a busy day would be 3 trades.

The entire trading system is not shown in the videos; however, all of the details regarding these trade signals are shown in an eBook and training videos. The actual trade signals themselves are analyzed in real-time in the live Webinars. The entire goal of this system was accuracy - not catching every trade.

In answer to your other question, I have been a trader for a little over 12 years now, I am a partner in the firm; and was involved extensively in developing, actively trading and back-testing the Viper system over the past year and a half.

Once again, thank you for your input, and I look forward to opportunity of respectfully participating in your Forum...


jimkane: Thanks for the response, cba. Wow, those are some incredibly impressive stats. Given these are intraday trend trades, it's almost incomprehensible to me. My style is intraday trend trading, and with the 3 to 5 to 1 or sometimes higher reward/risk profiles I'm happy anywhere in the 30% to 50% winners range.

I have a few more questions. Is there a way to follow along and see live trade signals the moment they develop, on a trial basis? The web site mentions visiting a live webinar for a day. Would one see live signals in time to act, or only after they have started? What if no signals are generated that day, can someone try another day? It's very hard to evaluate a system with a one-day trial, especially one that generates only a few signals.

Next, what is the difference between live webinars and live trading room, as far as signals given in real-time? Also, if one signs on to your room and gets all that training, does that do any good without the software? What is the cost of the license, since the website doesn't specify this? I'd love to follow along real-time for a period and evaluate your system, but I'm not sure you have any provisions where I could do that without laying out money first. Again, if I don't ask all these questions, someone else will. Since I'm probably the longest-winded character at this forum, I figured I'd just get the ball rolling. It's not often I hear about a system that has almost no losers at all.

Lastly, if we go much further with this discussion it may be appropriate to move it from this thread to one you or someone else could create in Trading Advisory Services.

As one who has watched this thread from its inception, it is sad that so much time and effort has been spent on this topic. It is truly amazing how many disregarded the warnings about these guys.

It really speaks volumes to why most traders fail.

Well, we have a new script that will be sent out over the week end and then there will be another training on how to use it. They change faster than the weather in Denver. Some day they may find something that really works

Originally posted by lonestar

Well, we have a new script that will be sent out over the week end and then there will be another training on how to use it. They change faster than the weather in Denver. Some day they may find something that really works

LOL, thats all I can say.....thanks for update.....

It took me a little while to figure it out, but I finally realized that I was being had. They prey on newbs. Which is what I was at the time. Seasoned traders just laugh at their non-sense.

What they do is at the least unethical and probably bordering on criminal. The way they walk that fine line is by making their misleading claims verbally in the chat rooms rather than in writing on their site.

Let me give the newbs some advice. Never put a computer in charge of your trading. Auto Traders will lose you money as fast as they make it. Take responsibility for your own trading. Develop your own style and your own system. Gain what you can from every source you can. But be your own man and do your own trading.

Good luck,
S4T.

Originally posted by Search4Truth

It took me a little while to figure it out, but I finally realized that I was being had. They prey on newbs. Which is what I was at the time. Seasoned traders just laugh at their non-sense.

What they do is at the least unethical and probably bordering on criminal. The way they walk that fine line is by making their misleading claims verbally in the chat rooms rather than in writing on their site.

Let me give the newbs some advice. Never put a computer in charge of your trading. Auto Traders will lose you money as fast as they make it. Take responsibility for your own trading. Develop your own style and your own system. Gain what you can from every source you can. But be your own man and do your own trading.

Good luck,
S4T.

100% pure scum of the earth this Viper trio.

Go to Big Mike's forum and check out the backtesting Zoethecus did on a few of their now obsolete ATS. These thieves kept telling their subscribers that backtests weren't doable and accurate, yet the results are published by someone who managed to get access to them.

The results suck by the way. (Gee, why am I not surprised?)

Originally posted by lonestar

Well, we have a new script that will be sent out over the week end and then there will be another training on how to use it. They change faster than the weather in Denver. Some day they may find something that really works

Please don't tell me you pay money for this horse****. Haven't you got wise by now?

I can forgive a deer-in-the-headlights beginner pissing away some money to try this for a couple of months, but if you're a compulsive believer this will generate net profits, then you have a psychological problem and need professional help or an intervention.

someone should record a few of their trading sessions and after session webinars and send it into SEC & FTC....these guys are sick and they are walking a thin line (if not crossed it) in violating SEC rules/regs.

Just have a trial of their new EliteAuto trader.. U are right the only backtesting that works on this is loading like 30 days of historical data on the chart and let it go.. Their support sucks and they ignore questions in the room... but the software looks promising.. This is right out of the box trading 4 hours in the morning.. 2 contracts and 3 contracts.. One can be fooled by reloaded data so will run rt and compare days..

No one but an idiot would use eminviper's Auto Trader to trade live after having read this thread.

I'll repeat for those who are newbs or just slow. Eminviper's Auto Trader will make you money fast and lose it even faster, before you know what happened. But don't worry, they will have a new version out over the weekend with training to follow. Just in time for you to pay another month's lease on the software. Their business exists for suckers.

Is it that you are just lazy that you don't want to take responsibility for your own trading? Or are you just here to spin fantasies for their latest and greatest cash cow?

Giving a PC command over your money and turning it lose with a brokerage account is on its face a dumb idea. Doing it with the likes of the guys at eminviper is just plain stupid.

Hey buddy, I'm just mostly a programming geek who has written my own strategies for autotrading over the last 5 years,, and the mantra for trading when I started is test test test and do ur own research. I can across NT and learned it because it appeared to have some facilities to use my powerful computer to test, rather then sit there like a gebomf and look at day after day manually, like u do and never have a life. Yes I know alot about backtesting with NT and knowing that most of the time it not worth a crap for backtesting... This software intrigues me from a programming standpoint since they built in a lot of features that I scrounged together from bbs and a few I didn't think of.. Of course by ur attitude U probably know everything all the time,, so let me bow down, grant puba (lol).. Alot of people put up stats of up of the state of the autotrader at the time, if u dont agree with what I posted, show me where the numbers are wrong.. Someone else run this on NT and see if they come up with different results.. I've run backtest for a week now.. ( NQ and GC )
and the code always comes up with the same stats,, which is unusual for range bars or any NT code for that matte3r, but since its 3 range guess its small enough ... I also let it run real time and compare it to the backtesting results..
No I dont personally like these Viper people, I had several issues with their software and never got a reasonable answer except we dont support people with a trial (how dumb is that??)..
If u think what they are charging is big money,, keep trading ur 1 lot on the YM with Woodie...

Sorry this reply is 2-years late but I just joined the forum.

I know from personal experience that GoToMeeting and GoToWebinar default to showing all users and all comments unless specifically disabled by the Host.

If they're saying what was reported that's a blatant lie.