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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.
Yes, I was there and you characterize it exactly as it was. And it's not copyrighted..LOL..so go ahead and post it.

I remember 3 months ago when the webinars started, Gary would greet all the attendees and the list was really long. Now, he calls out about 8 names and then Charles says, "there are going to be more people coming in, so let's wait a bit before we start." Too funny. Charles is a major dipsh_t isn't he?

Imagine the PA man saying at a pro sports event that the game will be delayed a few minutes because more people are expected, yet the arena is virtually empty.


Over the next week, I am going to post backtest results with the new guidance settings Rich mailed out today for ScalperFutures. I am not going to change a thing because I want to see a true picture of what a user can expect with suggested parameters from the creator of these scripts.

By the way, Viper is using a new service from DesertSoft for licensing that they think prevents non-subscribers from using the scripts, but I think they may be in for a rude awakening. Just a hunch.
In this mornings session, Gary added MurrayMath (I think I got it right)that places indicators (like pivots) on all his charts and then proceeds to explain the importance of them.

Just another tool to 1. hope their trading improves 2. keep their customers more confused hoping they hold on for more.

Viper Scalper is doomed from the beginning. If you look at the spreadsheet they sent out, the risk/reward is horrible. Too much loss for too little gain.

Jack
Originally posted by jgreene

In this mornings session, Gary added MurrayMath (I think I got it right)that places indicators (like pivots) on all his charts and then proceeds to explain the importance of them.

Just another tool to 1. hope their trading improves 2. keep their customers more confused hoping they hold on for more.

Viper Scalper is doomed from the beginning. If you look at the spreadsheet they sent out, the risk/reward is horrible. Too much loss for too little gain.

Jack


Yep. Gary dowmloaded that free indicator from the same place all the other Viper indicators came from--Big Mike's Forum.

Of course Scalper is dead on arrival. With the suggested stops one would need a monster win rate to come out ahead. Over 80% by my calculation. But, of course you need those huge stops because the entries or not accurate.
There is some great FACTUAL information about these lethal Viper scripts on BMT forum that is irrefutable. Check out the attachments, in particular.

Yep, a picture tells a thousands words, but only two are needed in this case:LOSS MONEY

http://www.bigmiketrading.com/vendors-commercial-products/2686-viper-2.html
Has anyone seen the new website and the $$ they are charging? Unbelievable!!!!!! I hope there are not too many gullible people out there thinking they can rest on their laurels and watch the money roll in.
Originally posted by jgreene

Has anyone seen the new website and the $$ they are charging? Unbelievable!!!!!! I hope there are not too many gullible people out there thinking they can rest on their laurels and watch the money roll in.

What laurels?

These systems haven't made a penny for anyone.

Notice there isn't a "performance" section. I can understand that since it's so abysmall.

The good news for the suckers who try this trash is they can cancel at any time.
I think that they raised their prices only to make the current subscribers feel like they're getting a good deal. It's one of their tactics to keep people. They did the same thing to me when I first started subscribing and they brought out the Russell autotrader.

They said they were releasing the RussellViper to the "core" group, because we were the important early adopters and that we would be treated the best. After a certain number of RussellVipers was reached then no one else could get it. I was feeling good because I thought I had something that no one else could get. Obviously, there wasn't a number since it was available to everyone until it's death.

Now the current subscribers feel that they're getting a good deal since their monthly price isn't going up. I doubt they'll get any new subscribers at the new prices and that they're just trying to keep the current subscribers through the higher prices. It's not like they are releasing anything with more value or higher profitability.
The current susbcribers are a depreciating asset. As they lose more and more money trading, they will cancel their subscriptions.

Then Viper will be forced to reduce the extragavant new prices to hook more fishes. Then Rich will come out with some other new AT and Charles will tell the "current" subscribers (who are really new ones) they won't be charged for this new AT and so on and so forth.

Reminds me of a ponzi scheme. Viper needs to continually draft new prey to replace those that got killed.
Hey. Ninja is hosting a webinar for Viper at 4:15PM Wednesday. Why don't we all sign up and flood them with honest questions?

Jack



Viper Trading Systems
Wednesday, March 10 at 4:15 PM EST

"State-of-the-Art Automated Trading Software for Futures and Forex"
presented by Charles Boyle, Gary Donahoo and Richard Staiton


Click at the time of the event to attend!
http://r20.rs6.net/tn.jsp?et=1103142458058&s=102783&e=001Ow2yA9n75hffWYQfyE78bckwsAvzgkhtSdVTM1zmVtx21OY-GIBQRqkwHUR-6HjRvJQbCQ4FTc_

About the event: Please join Viper Trading Systems for an exciting webinar featuring automated strategies built exclusively for use on the NinjaTrader platform. If you have ever considered automated trading for the futures and forex markets, then this is the event to attend.

The following topics will be covered in detail...

•Eliminate human emotion and stress by automating trade entries and pre-set profit target and trailing stop strategies
•Be more efficient by trading multiple markets simultaneously without needing to monitor multiple chart windows
•The Viper Trading Systems difference - Fully customizable automated trading, you pre-define your entry and exit criteria including trade management risk to reward calculations

•Added Bonus: Examples of actual trades using NinjaTrader, including all aspects of getting in and out of the market
7 Day Free Trial: For all attendees of the NinjaTrader webinar, Viper Trading Systems will provide a 7 day free trial of the State-of-the-Art Automated Viper Trade Assistant and Live Chat Room! Click here to take advantage of this Special Offer!
Sorry I couldn't attend the Viper webinar I had something more productive planned for this evening. I had planned on smashing my balls with a meat tenderizer.
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.