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.

quote:

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Originally posted by JCX

...
We as traders complicate such a simple process of buying and selling. We clutter our charts and our minds with all sorts of nonsense. Everything you need to know is right on the chart...

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I absolutely agree with you.

I guess we won't be seeing any live trades from the Viper crew. They got spanked pretty badly in their first attempt, taking entries 5 points after Viper "called" the trade. Yep, trading live instead of in hindsight isn't so easy.

I guess we'll just have to settle on more of the after the fact "opportunities." More coulda, woulda, shoulda trades.

P.S. Viper, heads up. You need to include the CFTC disclaimers regarding hypothetical trades in your marketing videos and emails to comply with the regulations.

Enter the Viper trading contest and win a free toaster! LOL

http://www.vipertradingsystems.com/ViperContest1.html

The Viper boys are asking for traders to post their results to win this Mickey Mouse contest, but are themselves unwilling to post real time trades.

Viper oil is high octane snake oil.

And don't forget those rules and conditions.
http://www.vipertradingsystems.com/ViperContestRules.html

quote:

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Originally posted by cba33558

I must admit I love this thread...! It really is amusing and I get a kick out of reading the funny posts - LOL!

Oh, and for those of you commenting in here that really want to try trade the futures market with a moving average and some heiken ashi candles, well I have two words for you - 'Good Luck'...LOL...!

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I have four words for you: 21 period linear regression

quote:

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Originally posted by phantasmagoria

quote:

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Originally posted by cba33558

I must admit I love this thread...! It really is amusing and I get a kick out of reading the funny posts - LOL!

Oh, and for those of you commenting in here that really want to try trade the futures market with a moving average and some heiken ashi candles, well I have two words for you - 'Good Luck'...LOL...!

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I have four words for you: 21 period linear regression

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Hi phantasmagoria, I have been using a hull moving average with a 26 period and the displacement set to -1....this system is working better for me than the viper system....the hull moving average is alot smother than the viper or as you call it the linear regression line...take a look

Thanks Brad.

Viper is a 21 period Lin Reg with color slope algo.

Tell me about your paint bars on that chart.

Yea,

If you would be so kind for us NinjaTrader platform users--or are you going to market it as the REAL VIPER!!

lol

peace

researcher247

quote:

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Originally posted by brad37

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I have been using a hull moving average with a 26 period and the displacement set to -1....


nice chart Brad

Re: Viper

First off I am a newbie here and what I have to say should in no way be construed as an attack on anybody. I've traded off and on for about 5 years now with not really much success. I have subscribed to viper after the 2 week free trial for less than two weeks @ $99.00 a month. During that time up to last Friday I have added $4,312 to my account which by the way started with $11,000 and change. I had a few miss entries but got out quick with a small loss. I downloaded Ninja platform with Zenfire data. I only traded ES and TF futures. I trade with Thinkorswim. Soon I will be transfering my account to Infinity brokerage so as to be able to use the Ninja dome which I like much better than the ladder provided by TOS. I would like to see you,Phantasmagoria, if you have the time, actually test the Viper yourself. It is free. And give us some truely first hand feedback. You are correct in stating that the choice of range bar size is subjective. I did not like this at first, in fact I still don't. However after a while you settle into a number that you are more or less comfortable with. It does work. At least for me it does. No I am not related to anyone at Viper.

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.