[rcossey73]

1) His videos are made using a simulator and NOT real trades. The problem with this is some of his fills will never happen in a live environment.

2) His posted losers were based on a 5 point loss, however many of his winners retrace at least 7 points against him before reversing. He doesn't address this in the course and refused to answer why.

3) The system is based on a variation of the ORB. He doesn't know the entry before the open, it is based on High/Low of first 30 minutes or so.

[ZOSO]

He is world class, snake oil selling whore. Not unlike the vast majority of vendors.

[Ranger]

I purchased and use the ATO method. I programmed the indicator in Easy Language and backtested it over a few years. My partner programmed the same in Ninja Trader(he also purchased ATO), and he backtested it too. We compared results and found them similiar. We both trade the method and relating specifically to ATO, that's all I feel comfortable posting.

Having said that, I can share:

1) some general comments on Breakout Systems;

2) a good breakout method here in PDF, the 15Min Opening Range Scalp;

3) associated indicator and signals in EL for your use. Both can be modified and stepped over different time frames to find the best entry time frame. The exit signal may require a little love and attention.

Note **********:

a) Backtest results on the Breakout System outlined in the attached document and the ATO demonstrate that the systems make winning trades but filtering the trades prior to entry improves their results substantially. See below for filtering.

b) Filtering: Breakout systems require a confirmation of a breakout(not a market head fake). How one confirms this is a matter of trading style and experience.

c) Filtering: I recommended a review of Price Levels that could work as RESISTANCE to the breakout ie OHLC and Intra-day(previous) Price Levels. I don't typically take the trade, if PRICE LEVELS OHLC fall too close 1-2 points from the intended direction of my trade because of the risk of reversal.

d) Filtering: I also don't take the trade, if there's huge movement from one level to the other because of the risk of reversal (6-8pts).

e) Filtering: I rarely enter the trade unless, I have a confirmation of trend using the 250T. In many cases using the Breakout method, price will have to retrace to pick-up your price, make sure it's trending in your direction first before entering.

f) I also recommend identifying placement points for averaging-in or Stop Loss. If price moves against you the choices are few. (1) average-in with hope of bailing on a retracement; (2) Stop-Out; (3) stay in the trade and hope for good results. Having a disciplined approach will improve performance.

g) I find that unless PRICE breaks-out as intended or if the trade starts to work against me, I typically quickly adjust my Profit Target and bail at a tick profit ... re-entering is cheap insurance, if I was wrong.

h) I follow the Price Levels on a 5 Min Chart but track every tick and trend on the 250T, when in the trade. I have AutoTrend Lines; Volume(looking for high volume to indicate potential reversal).

Watch for PRICE CONFIRMATION on the Breakout; Don't be afraid to enter 2 Ticks above the levels following trend confirmation; don't be afraid to bail on a trade that's questionable to you; if price continues to tick and tick at a certain Price Level ... hmmm - you're probably not the only one thinking about what to do next - follow volume.

If you reference the attached document, (15) Minute Open Range Scalp Method, you will have a comparable system OR Breakout Method. EL indicator and signals attached for reference. Perhaps you can improve on the performance following backtest.

Hope this was helpful.

[ziebarf]

Originally Posted by rcossey73 »

1) His videos are made using a simulator and NOT real trades. The problem with this is some of his fills will never happen in a live environment.

2) His posted losers were based on a 5 point loss, however many of his winners retrace at least 7 points against him before reversing. He doesn't address this in the course and refused to answer why.

3) The system is based on a variation of the ORB. He doesn't know the entry before the open, it is based on High/Low of first 30 minutes or so.

Also if you take a peek at his DOM, it is not white. Atleast for me, live trading in ninja gives you a white DOM, not grey..

Gooooood morning traders

[littlefish]

If the professor day trades to win, why is he selling pdf's to win?

[BennyHey]

I purchased it and he was nice enough to give me a refund within 24hours. I stayed up all night to compare the posted results with the real world trades and found that it is at best a break-even system.

Unfortunately, there are several grey areas, were losing traders were posted as small winners or break-even trades based on HIS interpretation of price action. Additionally I pointed out that the SIM-account was visible on the DOM on one of his youtube videos. He removed the videos within 12hours. Notice that the daytradetowin logo covers the acct. information on his DOM in all his videos. He would say it is to protect his account information.

I think he is not trading real $$ as his system doesn't make $$ in the long run. If you get lucky you can run at a profit for a short time but in the long run with slippage, commission, and the grey area fudge factor you won't make any money.

I have a friend who has a seat on the CME exchange. He makes a 6 figure income and said he would not sell his trading system for 10 million dollars. If you had a profitable trading system would you just give it away for $200??

With that said he was nice enough to refund my money so at least he had a certain amount of integrity.