Futures Trading Course (Bill McCready)

Dear traders,

I would like to sell my trading course I bought a few years ago. The trading method (divergence method) works on any liquid futures market, but also on Forex, etc.

You can find more information on http://www.futurestradingsecrets.com


In case you are interested, please send me a private message.

Thank you very much,

Tom.

Did you not like this program I just got an add for it

evaluation

Hello

Can you give me an evaluation of the McCready system course? What did you think of it? Did you actually trade using his system? What were the results if you don't mind me asking? Would you recommend this course to others? If so why?

Thank you for any information you can provide.

Windsurf3

I didn't sign up for the McCready system, I don't know what it is. rodfamily5

Here we go again. American posters being paid for posting.

This is what will now happen.

Somebody else will pop up and give us a review and then some more posters with no history behind them will post once or twice a day to keep the thread active.

And all this paid for by Bill McCready and run by a marketing company.

I could be wrong but I doubt it.

Well you are wrong this time. I am interested in getting an evaluation of the McCready course because I may have an interest in buying his materials. I did a google search to find any comments online about McCready and his course. This website with its' offer to sell previously owned McCready material poped up and so I had hoped the owner would be willing to share with me his opinions of the McCready material.

Sorry if what you described happens often. I guess that is the price we pay to get access to so many people around the world for such a small cost.

Windsurf3

I've looked at the dates of the first and subsequent posts and you're right I may be wrong

Anyone using the Bill McCready futures trading secrets course.?
Any insight, results, info would be appreciated.

Thanks

futurestradingsecrets

I bought it a while back.

As a system some people with a preference for discretionary, scalping type trading could probably make it work. The course also addresses money management/risk reward and psychological aspects of trading, to a certain extent. It also drills home practicing for real on a simulator until you have it right - good advice. I have not tested it too much but it seems coherent enough if you can trade that way. (I have learned that my trading personality is not that of a discretionary intraday/scalping type trader and so this system, even it was brilliantly produced, is probably not for me).

The marketing website is organised and well proof read. After you have parted with your money you get an ebook that is disjointed and badly written (this review is as well, you say? - but i'm not charging a thousand bucks for it!). Pity the author did not pay the editor he got for his website to look at the ebook (but hey, you've got the money - why bother!). If the person who wrote the ebook developed the system then you have to wonder how good the system really is. I found it to be a collection of short articles thrown together, repetitive and with little overall coherent structure. Some of the content of the ebook will seem familiar - you will have read it on the website and in the marketing emails you got if you signed up for them. Some of the content refers to an older variations of the system - some to a newer - and it is difficult to work out what is going on. The collection of videos and the stuff on the members' website is along the same lines.

So, I am neutral to negative on this course. That being said, there seems to be a system of sorts there and if you are happy scalping and making quick judgments on chart patterns on the fly then you might be able to make it work.

Should you listen to me. Well, it's the opinion of someone learning to trade - I'm at the stage of still looking for a way i can trade consistently. I have paid for a few courses and systems - some that suited me were well marketed but when tested over a prolonged period did not work. Some seemed to work ok but I was not able to trade them (intraday scalping type)and so did not test them too much. I keep looking. Decide for yourself.

signals

Hi,
read your post which was very informative. i was sent an e mail about this website and course. the course also includes the necessary indicators/signal software so you can use bill's system. did you use this and, if so, with any success?
thanks Tim

I bought it a while back.

As a system some people with a preference for discretionary, scalping type trading could probably make it work. The course also addresses money management/risk reward and psychological aspects of trading, to a certain extent. It also drills home practicing for real on a simulator until you have it right - good advice. I have not tested it too much but it seems coherent enough if you can trade that way. (I have learned that my trading personality is not that of a discretionary intraday/scalping type trader and so this system, even it was brilliantly produced, is probably not for me).

The marketing website is organised and well proof read. After you have parted with your money you get an ebook that is disjointed and badly written (this review is as well, you say? - but i'm not charging a thousand bucks for it!). Pity the author did not pay the editor he got for his website to look at the ebook (but hey, you've got the money - why bother!). If the person who wrote the ebook developed the system then you have to wonder how good the system really is. I found it to be a collection of short articles thrown together, repetitive and with little overall coherent structure. Some of the content of the ebook will seem familiar - you will have read it on the website and in the marketing emails you got if you signed up for them. Some of the content refers to an older variations of the system - some to a newer - and it is difficult to work out what is going on. The collection of videos and the stuff on the members' website is along the same lines.

So, I am neutral to negative on this course. That being said, there seems to be a system of sorts there and if you are happy scalping and making quick judgments on chart patterns on the fly then you might be able to make it work.

Should you listen to me. Well, it's the opinion of someone learning to trade - I'm at the stage of still looking for a way i can trade consistently. I have paid for a few courses and systems - some that suited me were well marketed but when tested over a prolonged period did not work. Some seemed to work ok but I was not able to trade them (intraday scalping type)and so did not test them too much. I keep looking. Decide for yourself.[/QUOTE]

the indicator package is for ensign charts and they all install and work fine. I did a few simulation trades for a few days. The first problem was trying to work out which set of indicators to use - which i did not find clear.

however, for me, as i said the scalping, visual pattern recognition and discretionary nature of this system means it is not a system i could trade (i know this now but it took me a while - and by then it was probably too late to try to claim a refund on the somewhat complex refund "guarantee" provided so i sucked it up). i have therefore not backtested or forwardtested whether the system generates the trades and returns claimed over a longer period - after the required weeks of practicing to get the hang of it - so i can;t help with that i'm afraid.

i would also suggest that you need some knowledge and experience of trading to even attempt to work this - given the lousy quality of the course manual.

Tim Wilde said:

Hi,
read your post which was very informative. i was sent an e mail about this website and course. the course also includes the necessary indicators/signal software so you can use bill's system. did you use this and, if so, with any success?
thanks Tim

I bought it a while back.

As a system some people with a preference for discretionary, scalping type trading could probably make it work. The course also addresses money management/risk reward and psychological aspects of trading, to a certain extent. It also drills home practicing for real on a simulator until you have it right - good advice. I have not tested it too much but it seems coherent enough if you can trade that way. (I have learned that my trading personality is not that of a discretionary intraday/scalping type trader and so this system, even it was brilliantly produced, is probably not for me).

The marketing website is organised and well proof read. After you have parted with your money you get an ebook that is disjointed and badly written (this review is as well, you say? - but i'm not charging a thousand bucks for it!). Pity the author did not pay the editor he got for his website to look at the ebook (but hey, you've got the money - why bother!). If the person who wrote the ebook developed the system then you have to wonder how good the system really is. I found it to be a collection of short articles thrown together, repetitive and with little overall coherent structure. Some of the content of the ebook will seem familiar - you will have read it on the website and in the marketing emails you got if you signed up for them. Some of the content refers to an older variations of the system - some to a newer - and it is difficult to work out what is going on. The collection of videos and the stuff on the members' website is along the same lines.

So, I am neutral to negative on this course. That being said, there seems to be a system of sorts there and if you are happy scalping and making quick judgments on chart patterns on the fly then you might be able to make it work.

Should you listen to me. Well, it's the opinion of someone learning to trade - I'm at the stage of still looking for a way i can trade consistently. I have paid for a few courses and systems - some that suited me were well marketed but when tested over a prolonged period did not work. Some seemed to work ok but I was not able to trade them (intraday scalping type)and so did not test them too much. I keep looking. Decide for yourself.

Click to expand...

[/QUOTE]

Si55AMG said:

Anyone using the Bill McCready futures trading secrets course.?
Any insight, results, info would be appreciated.

Thanks

Click to expand...

Ok here goes...
Initiated the system back in August or September of 2008. The intro webinars are impressive given the basic foundations of momentum, Elliot Wave basic principles and the 3wave nature of all trends.

The system is based on dual timeframe tick chart concepts like nearly all other common sense systems.

The indicators are trend following common indicators tweaked with uncommon parameters plus one proprietary indicator that is inherent in Ensign Charting software that must be used. (On a separate note Ensign is an excellent well designed powerful charting platform that must rank as one of the best ones in the industry).

The FTS method relies heavily on indicators rather than price action (the chart is heavily overlaid with indicators - it's nearly impossible to "see" the tick bars behind all that information).

It is information overload.....I took about a month of testing and market replay (live replay is possible on Ensign). Went live and promptly lost my shirt.

The indicators must be followed heavily on both time frames....and after going into a retraining mode for another 3months went live again and stopped trading after I blew out my account completely.

This is a an intensely focused, very visual pattern recognition system that works well with visual right brained NLP approaches...I had periods of excellent performance followed by horrendous days of stop outs that were relentless and gut wrenching.

Accounting for changes in market volatility I suspect a "better" trader than myself will have "better" results.

I have not been able to adapt with changes in market pace (for example a transition from a strong trend day to a NR7 narrow range day or chop....chop days are horrendous).

I am reluctant to be negative about the method...there are so many things about it that are very powerful....I suspect that my rigidity and left brain logical one size fits all approach has seen a temporary end to my trading career. Although, Bill has been very helpful in his support so far.

Having said that, the method is optimised, it is meant to work on the ES mini and tweaking must be done to fit other Minis and/or other markets.

It does however work brilliantly on long term daily and weekly charts with default settings. With clear simple and early notifications of trend changes or trend continuations.

The course material is comprehensive although haphazard and should be better organized chronologically as it doesn't quite flow very well....and must be read 2-3times to get a sense of flow of information.

However, Bill stresses that actual screen time (of course) is essential to understand any method as a key to any good trading strategy.

For me this has been a challenge, I have continued been able to reel off substantially profitable days and even weeks on the Ensign simulator but unable to repeat that on live trading...

Again, if that is part of my mental failures to implement what does seem to be a decent trading method I do not know...yet....

It's back to the drawing board for me......however I have no question this is one of the most discretionary methods I have seen....it will (based on the setup rules send more 4-6trades at the very minimum every single day...) the trader must use very high focused levels of concentration to discard all but the most highly probable one of them.

As such it's hard to qualify this as a method based trading strategy but rather as a "style". As far as styles go you either "get it" or you don't. If you do (as Bill says...but who is to know..some of his other students do absolutely get it) then you "should" have an edge over other traders.

But if you don't (like me I suspect) then you blow out your account (3times now).

Practice, practice and more practice is key but I suspect there are methods out there more suited to "non visual pattern recognition lacking left brainers" like me out there.

I can't recommend it (it's too discretionary and has extermly sensitive indicators that are often too twitchy) and on the other hand is a very powerful tool for someone of the right aptitude so I can't dimiss it either.

In the end, this is rather inconclusive for readers but I can't be more forthright than this. Hope it helps in creating a picture.

Adding an image from his public site (so I can't be accused of sharing prop stuff!) down below.....this is a pretty "clean looking chart and I wish all the daily live charts were as clean as this.)

Deucalion, would you consider selling your course?

Regards
Max

maxreturn said:

Deucalion, would you consider selling your course?

Regards
Max

Click to expand...

Sorry, Max - it is not mine to sell. The rights belong to Bill - buy it from him, you'll get support as well.

maxreturn said:

Deucalion, would you consider selling your course?

Regards
Max

Click to expand...

Hi do U have some more knowledge about the system?

I agree with Tim. The course was horribly written. Seriously, as though an 8th grader watching video games was the editor. The concepts he uses, for example Pesavento patterns, are so inadequately explained they really make no sense. It's like, "do as I say, nevermind the explanation behind the thing".

This is basically a dual screen trading system using ticks which are equivalent to about 1 minute or less, and crossovers of either a stochastic with a moving avergae, or a TSI with a moving average he calls an "ergodic". He also says the ergodic doesn't have 'any lag' but I disagree. True Strength Indicator is a fancy MACD and it lags.

I lost considerable trading capital trying to make this system work, and I had been trading at that time already 4 years. I found the support inadequate as well. I once called the vendor and he was at a spa or somewhere explaining he didn't have time to talk. Strike number one. When he did talk, it was "just keep working at it" type thing. Unprofessional and very unsubstantive.

The hook to this course are his videos which appear perfect. He almost never misses a trade and you think, 'wow, this doesn't look so hard'. But hindsight is notoriously 20/20 when it comes to vendors trying to pocket a grand from unsuspecting consumers. Anyone can put a DVD together and find the sweet spots of any trade at will right?

Personally, I don't recommend this course. I feel I was taken and frankly, I'm sick and tired of the myriad of vendors in the trading game who claim to have the answer but really don't. They need to be held accountable and just because you put together complex platforms with arcane explanations and indicator overload doesn't mean you've got a course worth a thousand dollars. In no other profession could you get away with this stuff.

One more thing. I wouldn't go so far to say that an inability to trade this course is a right brain/left brain issue though I see the point. Nah, this takes the vendor off the hook too easily. The course just didn't work and I'm sure many others feel the same or you would be seeing pro-Futures Trading Secrets blogs all over the place----not just those inserted by the vendor himself.

I read the comments: "Practice, practice and more practice is key..."

I think that goes for any other systems as well. But the simpler methods should work better and much more effectively with practice. Before investing valuable time and resources to learn something new and exotic, one ought to consider if it is really necessary. You should also find out if the system that costs you thousands, fits your temperament. Becos you have to believe in the method and trust it completely before you can score well with it.

I am not sure wther that system does work.
I reckon once there are enough users cum liquidity providers acting in tandem on the same signals, any exotic system can be effective for that matter. Until then, the classical indicators and plain vanilla support and resistance pattern trading should do a better job. Becos when the patterns and footprints are widely followed, the targets become obvious, self fulfilling and repeating as a result. For the funds as well as retail players.

Exits: quite clear

Entries: I will have ro re-read and re-watch all vids to make sure I see the right setup at the right time.

This guy found a proper use for Pesavento Patterns, it's either an exit OR wake up call to start watching for signals coming in form other indicators(the ergodic is my long time favorite but I would not say it is not lagging because it is not as bad as conventional indicator/oscillator but still lagging even if McCready thinks not).

The indicators template are "privatized" meaning you cannot modified the way they are displayed.
I did not like it cause I wanted the signals to be clearer in my mind on my screen by modifying/adding colors/widths/alarms/zones.

So I took every indicator one at a time and overlaid an indicator on top of it to determine the exact parameters because they are not clearly defined in the book/video.

I was thinking all the indicators were based on the CLOSE only... not so

PARAMETRES SETUP MCCREADY FTS

2 charts: 133 ticks and 550ticks he is using the small trend setting but I prefer close versus open (or better Heikin-Ashi)

MOVING AVERAGES(2) PLACED ON PRICE

49 EMA (H+L+C)/3
89 EMA (H+L+C)/3

STOCHASTICS PLACED IN SUB-WINDOWS 1

7 3 SMOOTH (H+L)/2
14 7 SMOOTH (H+L)/2
21 7 SMOOTH CLOSE

ERGODICS PLACED IN SUB-WINDOW 2

7 28 7 EXPONENTIAL EXPONENTIAL (H+L+C)/3
28 112 1 SMOOTH CLOSE

If you know your way around Ensign Software that is sufficient info to setup the charts properly but it will not give you the rules to determine entries and exits and so far for me it is not crystal clear how to make this setup work properly. Don't even know if it is worth trying to make it work BUT so far the things I understand make sense so I'll keep reading and experimenting up to a point where I will decide if I'll will give it a shot with real cash.

By the way if you look around you can find it real cheap($99 or less).

AS well there is not too much info about this system on the net, so guys if you have anything to add(good or bad) please do so!

in my previous post i posted my visual modifications of the setup.

For me it is clearer and easier to figure out what it going on?

you find it confusing?

That is why it is so important to be able to customize to your liking.

things that are different:

there is a fonction on Ensign, you can ask the software to look for divergences and display them. Divergences are strong signals so the faster you can spot them the faster you can act on them. With my setup a time stamp will appear on the right of the divergence. Neat.

in the original setup the STO in right below the price window and in the lowest window you find ERGODIC. Because the author recommends the you will eventually be using mostly ERGODICS, it made sense to put it in the window juste below the price window.

As well the long term ergodic oscillator is very important, so in order to see the change in direction as fast as possible, when it is going down, background is brown(or red or black whatever color suits you best) when indicator is pointing up background in middle window turn green.

If you look closely you will see I did adjust the colors and the way the STOCHASTICS are displayed. Once again for me it is clearer.
As well the author mentionned they went from 2 stochastics to 3 but the more I look at it, the third one only bring confusion and does not give me a better faster more reliable signal than juste the 2 extremes(7 and 21).
I think I will soon ditch it.

I change the way the EMA on price are displayed to know immediately if we are UP or DOWN. The original setup gets confusing.
in my setup yellow and green UP
pink and red DOWN

The Pesavento pattern level. You only need to know there is one happening RIGHT NOW. You don't give shyt about it being 0.707 or 1.4141. As soon as you see a print on your chart you get out(if you have a position) or start to look for an entry(if you have no current position)

As well if you look at the image in my previous post you'll notice the charts are using a different set of tick charts because I needed to modify to adapt better to Emini Russell 2000. I am still playing with parameters so please be careful if you try my setting to trade the Russell.