Hi,
How have you found the system? It is no longer on offer, but I have registered on their email list.
Would be interested to hear your thoughts.
Thanks
Ste
istevenson
Newbie
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yes lost alot on it sent it back
Were you using the Ninja., Meta or Tradestation version?
istevenson
Newbie
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I was using Tradestation but you can use the system for 1 month free and money back so you try it and see for your self and let me know how you do
Slight delay,I did not like the Ninja version, I feel there is a bug in it - agreed by Netpicks, but really a Ninja issue. Besides the TS version is easier to compare to the vendors post/videos, My backtesting for Ninja version was so so, not great but not bad either. I am now getting setup with the Tradestation version. I will post impressions in a couple of weeks. I trade futures (Crude, ES and T Notes), not Forex, but lots of the users are FX'rs.
I have approximately 8 weeks of backtesting (mainly Crude, Russell and 30 Year Bond) that show that this system should be profitable. I was hoping for an overall better hit rate (around 55 to 65% I am seeing), but there is some discretionary things that could be implemented that could (should?) bump this up. I ignored most of those things during back testing and still profitable.
Example is a summary of RT trades for about 2 months.
278 trades, 165 winners, 113 losers (59%). largest win 300, largest loss 240.
1 contract profit of 9850 - 1300 comissions = 8550.
This represented taking every trade that triggered after 930 and before 11 am EST (not sure many people would do this).
I also had no problem with the customer service and the price come swith a years access to the members area where there is live training 2 times a week and videos posted.
The system is pretty easy and leaves room for discretionary filtering/adjustments. Anyway, certainly no holy grail, but until proven otherwise during live trading I will give it the nod..
Example is a summary of RT trades for about 2 months.
278 trades, 165 winners, 113 losers (59%). largest win 300, largest loss 240.
1 contract profit of 9850 - 1300 comissions = 8550.
This represented taking every trade that triggered after 930 and before 11 am EST (not sure many people would do this).
I also had no problem with the customer service and the price come swith a years access to the members area where there is live training 2 times a week and videos posted.
The system is pretty easy and leaves room for discretionary filtering/adjustments. Anyway, certainly no holy grail, but until proven otherwise during live trading I will give it the nod..
istevenson
Newbie
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i was using HVMM sent it back, loss money with it
What did you trade? Did you back test before you traded live? How did it compare to backtest
razor
salvadorveiga
Active member
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most importantly what was the win/loss average in terms of size (on average how much bigger were wins over losses ?) ...
There are 2 optional possible losing trade exits (early and a stop /reverse) . Obviously the stop/reverse will have bigger win ratio but also will have bigger losses.
I tested using the early loss exit and to answer your specific question the average win was $136 and the average lasos was $122
cheers
cliffconway
Junior member
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I notice your last update on HVMM was in 2009. Do you (or does anyone) have any further feedback on HVMM?
thanks in advance,
Cliff
thanks in advance,
Cliff
Christiaan
Active member
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aw well it seems it is a bad system after all.Too many bad reviews.
However i did find one review funny where the guy said that he did the opposite of what the system presents and made more money that way.But if you do the opposite and it works so well why would you stop using it.If it works it works.Made over 900 pips doing the opposite.Must be a crazy person
Just somebody who is angry because they won't refund him so he made up a few lies.Howver i cannot ignore all the other bad reviews even though it seems that it's a discretionary system and diffrent traders will have diffrent results.
However i did find one review funny where the guy said that he did the opposite of what the system presents and made more money that way.But if you do the opposite and it works so well why would you stop using it.If it works it works.Made over 900 pips doing the opposite.Must be a crazy person
Just somebody who is angry because they won't refund him so he made up a few lies.Howver i cannot ignore all the other bad reviews even though it seems that it's a discretionary system and diffrent traders will have diffrent results.
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