fughe

OK...fughe, since we cannot trial the system, and there is only 1 video, that really is a marketing rag,

I have few questions.

1. How do you make money with the system.

1a. How are trades opened and closed, what is the specific criteria-line by line.

1b. Please include detailed charts of entries, exits, longs, and shorts.

2. What is the expected return

3. What is proper risk reward for the system

4. How big of an account is needed for all the above.

5. How can the system and your figures be validated if you have no trials?

Can your words be validated by a seperate third party that has been audited?

Is the trader whom is selling this system provide actual brokerage statements, with redacted account numbers but not the name.

Do you have a $$ back guarantee.

How many Hours/days/weeks/months are training offered inthe purchase price.

Do you have 5 people that are making money with it. IF so, provide names, and have you verified that they are actually making $$ with it. IF so, how so. The only way to verify is a seperate third party with actual statements. That is my criteria to even waste my time, to learn and trade a new system.

Every question would have to be answered, if not then you are a industry fake, with a fake system and should not be taken serious about trading or even selling a system. Remember you said it only works at 95%? That is the standard you will be judged upon, slick

That is your home work...it is pass or fail. Remember you designed the system...with over 7K hours of work, so this should be easy.

Remember you are a fraud here until you can prove otherwise, that is our standard here-BTW- Welcome TO OUR WORLD, words account for nothing, only 100% visual proof.

1- At risk of oversimplification, you open and close trades based on harmonic pattern formations.

1a- When a harmonic pattern formation is detected, the person places a limit order at the projected pattern termination point (direction is determined by whether the pattern is bearish or bullish). The stoploss goes beyond the X point of the XABCD pattern (depends on whether the pattern is bearish or bullish). The target is placed at either the 38.2% or the 61.8% retracement of the termination movement. Generally, a breakeven is triggered when a 38.2% retacement is hit, and the person moves their stoploss 2 pips into profit.....depending on whether they are using extended targets, or all out at the 38.2% target.

1b- There is a large series of videos wherein, Jason frequently demonstrates how he trades his harmonic pattern setups.

2- This is a very vague question. It depends on a person's risk they decide to use, what type of money management they employ, etc. As I have said before, I don't trade the system, so I can't give a definite figure based on my personal trading of it. That said, based on what I have seen from other traders how have been trading this way, the avg return tends to be between 40%-70% a year.

3- One primary rule I have heard Jason discuss is, Never open a trade with less than a 1:1 risk:reward profile unless it is a Cypher pattern setup. From what i have seen from my personal testing of the system, the accuracy is about 60%. It tends to run as low as about 55%, and as high as about 69%, but the median tends to stay at about 60%.

4- This question is very vague. It depends on the intent. If a person is just looking for a place to start trading, any size account is fine. If a person is looking to supplement their income from their day job, a reasonable starting point is about $5k. If a person is looking to make this their day job, and do nothing but trade, then it depends on what they need to survive. The lowest yearly gain I have seen is 40% ( I do not know what risk or money management the person was using). So, figure 30% yearly gain, cut that in half (half is left in account for account building purposes), and base your estimates off of that.

5- Ask around for people who are trading this way. At the very least, a person should be able to find someone on Jason's, or Akil's, youtube video pages.

6- Ask around for people who are trading this way. At the very least, a person should be able to find someone on Jason's, or Akil's, youtube video pages.

7- Contact Jason directly and ask him.

8- No. A money back guarantee is a marketing tool used to lure in more buyers. Generally, it is used to attract those who are not certain. These people do not generally have the required discipline to trade profitably. Jason does not want these people as clients. I know because I asked him about this specific topic.

9- I do not know for sure, but I believe they offer lifetime support, which is part of the reason they do not want undisciplined traders purchasing the system. They are more difficult to work with.

10- I know of 3. Jason, and Akil are two of those people. The third is a person who is purchased the system. They have not given me permission to disclose their personal information. None of the three people have any reason to lie to me, so I do not suspect any foul play.

11- Even though I have answered every question, I suspect you will still think I am lying. Why? Because you want me to be a liar. I said I am not trying to sell the system. Why do you act like I am trying to sell the system? As I have said before, I am here to answer questions about it, because I know a lot about it. You think my answers are bogus, and you would never be convinced to purchase it based on what I have responded? Like I said, I am not trying to sell the system. I don't care if my answers are adequate. My answers are truthful, not marketing rubbish. Further, if my responses are not adequate, this has no bearing on whether or not it is a legitimate system.

12- I said MY PERSONAL TRADING SYSTEM.....PERSONAL.....is 95% accurate. I also said the Constellation is JASON'S trading system.....NOT MINE. You want me to be lying so badly that you are misreading what I have typed in previous posts. You can't judge me based on my personal trading system, because that is not what this discussion thread is even about. Stop trying to shift the focus to something this thread is not about. My personal trading system is irrelevant in this thread. The only reason I mentioned my personal system is to point out that I already have an awesome trading system, and wouldn't be trading anything else anyway. Honestly, if you had an awesome trading system, and someone was trying to claim that another trading system, that was not even remotely as good, was bogus because you weren't trading it.....you would think they were a moron. This is how I feel about it. I am in this situation right now. The main point is....my personal trading system is irrelevant to this discussion thread except pointing out why i would not trade harmonic patterns anyway.

I am not a fraud just because you want me to live up to some standard. You are free to claim i am a fraud, but I don't care, because I am still not a fraud. I have told the truth, and whether or not you believe me has no bearing on me.

If you aren't interested, or convinced in a system, don't buy it. If anyone is interested in knowing about the Constellation, ask me. I won't try to sell you on it....which should be pretty obvious at this point. I will tell you the truth about it.

@fughe...what a joke...95% and you do not want to trade it....What I like about people like you is you look in the mirror and still lie to yourself....please go, now. I see that you have nothing to offer but consending attitude and remarks. This does no one any good. Like I said, do us ALL a favor and leave. I am sure anything you say and do does not originate from your mouth. We are here to see how people scam massive amounts of money from traders, and it looks like you are part of the great act....take your system..and go.

 

Wait, here is another one from you "Anyway...as for whether the Constellation system is profitable or not, Jason has been trading this way for several years, profitably. Ask him for proof. It is his trading system, not mine. "

 

You're right I am going to believe you and Jason...right he's going to tell us the truth. Not going to happen, now take your sad lil system and go bother and drum up business somewhere else, this is not the place. Keep it up and Jane will love to ban you.

 

Wait another one from you-"Then you won't have to be asking for a handout all the time, but instead you can take action and make the good things happen."

We have no idea who you are, let alone know if you would tell the truth. You are the problem of the industry, all words, no truth, no Verifiable truth, but its 95%, if I trade it too much the head hunters will came after me. Is this a SNL skit, or a comedy central standup that you do. As you can see I am sick of pretenders that offer garbage in place facts and proof. Then tell us that we just want a hand out, no WE WANT THE TRUTH ...and you don't have it. Once again...Please remove the big red clown nose, I cannot stop from laughing. NOW GO, you insulted us enough- Nate

This is what I am talking about. You aren't even asking any questions about the Constellation. All you keep doing is trying to change the focus of the subject by directing people's attention to extraneous statements. What I have said about my personal trading systems is irrelevant in this thread.....but you keep bringing the focus back to it. Why are YOU here? Are you here just to complain about something? I have said several times, I am here to answer questions people may want to know about the Constellation. You keep calling into question my veracity, yet you have not asked me a single relevant question about the Constellation.

Can I verify it works? No. I already said I don't trade this system. I said this from the beginning. I have heard from a few different people that have it. I only know of one who is trading it live. They told me it was profitable thus far. The others? They have said they are not profitable because they keep missing trades because they are not taking it seriously enough and not paying attention to the charts when they are trading. From what I have heard, from the people using the Constellation, and from Jason himself is, the biggest killer with this system is lack of discipline. If you don't treat it like a business, then you fail. My personal experience with trading backs this up.

I posit that, instead of complaining, and shifting the focus to other topics not related to this thread.....ask me questions about the Constellation. Heck, even ask me questions about pattern trading in general. At least that is a related topic.

fughe

whats your purpose here ?

Read the first post which states, "Any idea, any input ,any indicators ?"

Then read what I have written..... The system is based on code I wrote, so I know virtually everything about the system. I am here to answer any questions people may have about it. I posted a brief explanation earlier, but it was removed because someone thought I lied and was the seller of the system.

What I am NOT here to do:

I am not here to mislead people about whether or not it works, as I don't trade it, but I have heard from at least one person who bought it, and they told me they are making money with it so far.

I am not here to backstab the company I licensed my code to by giving away the code for their system.

I am not here to talk about my personal trading systems.

fughe

can u do one thing then? open up a thread in journal section post your trades .. i dont know about others i will follow your trades make millions.. i dont have any problem big money people chasing after me. i know how to handle them...

The system is not a secret. Do the work, and discover it for yourself. There is no such thing as a secret trading system. Everyone trades from the same charts. The difference is between the people who are willing to do the work, and those who are not.

As for whether or not anyone believes me, I could care less. I find it laughable that anyone even challenges me on it. I already said I am not trying to sell anything, and I could care less if anyone believes me. I posted here because I saw someone asked a question about a system that I have insider information about.

What I see is a bunch of people looking for a free ride, not people who are seriously interested in finding out about a system they are unfamiliar with.

If anyone is interested in knowing about the system, I can explain quit a lot about it. If you are looking for a hand out, here you go...

http://www.fx-mt4.info/view-review/zup-v135-harmonic-patterns-indicator

http://forum.mql4.com/61417

If you want more, there is a great deal of free source code for harmonic pattern indicators. If it makes you feel better, this is where I started looking into harmonic patterns several years ago. The ZUP and other similar indicators will get you started in understanding how to make whatever you want. Then you won't have to be asking for a handout all the time, but instead you can take action and make the good things happen.

I understand the fact that you worked 7000 hrs for this product n such.. there are few reason why this forum exist and why people share here.. first is sharing is caring.. second .. in this industry there are thousands snake oil company pop up every day. 95% of their product dont work and thats why 95% traders are loosing money. I dont see any reason why people should have any faith on any product which is up for sale. And a common question is if this product is so good .. and as you worked 7000 hrs behind it why not the creator of this product start using it and make huge money instead of selling it. Forex is trillion dollar markets if this is that good get money from that trillion dollar market why bother selling? A big red flag right..

 

i can go on and on here and for all these reason this forum exist so are other forums.. I am sorry if u have spend 7000 hrs for this product but majority of this kind of product seller are SCAMMERS.. in the long run..

I happen to agree with you. That is why I thought the people here might, for once, appreciate hearing from someone who isn't selling a system, but was involved in programming it.

As I said before, I am not trading it because it is not my system. This system is based on probabilities. I understand why, and the logic is sound. I just don't like gambling. That is why I only trade my own system, which is not a probability based system. With my system, I know...with about a 95% accuracy when the market will turn, within 25 pips, and hit a target that is 50 pips away. I have never had a losing week with it. And it is not uncommon for me to net a 100% gain in a week, with a 1%/trade risk (25 pip stoploss). No grid, no martingale....only single trade, win or lose, no breakeven, no trailing. When I do trade, I trade it on 6 currencies, 24 hours a day, whenever the market is open. So....why would I trade anyone else's system? The real question is, why don't I just trade and do nothing else? Simple....I have to be careful about making too much money too quickly. I don't want to attract attention and make myself a target for the big money players. And it is very stressful. Programming is not stressful. So I program most of the time.

This post was edited by Traderbeauty-

Stingrayzz- please- dont even bother- remember big elgaza- no sense to ask him if he wont willingly share.thx jane.

 

 

Since you are the seller of it then prove your trading of it is profitable by posting independent third party results. Otherwise the one customer you mentioned will probably be the only customer you have.

I am NOT the seller of it. I said I created it. The system is built on my proprietary code. My code is licensed to Trade Empowered for use in their Constellation software. As for trading, I do not currently trade. If I was trading, I would be trading one of my own personal systems, not someone else's system. The Constellation is Jason's personal trading system for harmonic patterns.

As for me sharing the system....I program for a living. How am I supposed to pay my bills if I give away all the work I do? Why do people honestly expect people to give away thousands of hours of work? For perspective, literally about 7000 hours of work went into the development and design of the underlying system. Seven Thousand hours. If you want something like this for free, then please.....go do all the research, design, and programming work yourself. It isn't like everyone in the world can't go sit in front of a chart for several thousand hours, taking notes, and understanding the market, so they can do this. Anyone can do it.

The problem is, only people like me actually go do the work, and then other people believe they should have free access to it. Because of stuff like this, I will likely never release any of my personal systems to the public.

Anyway...as for whether the Constellation system is profitable or not, Jason has been trading this way for several years, profitably. Ask him for proof. It is his trading system, not mine.

This post was edited by TRADERBEAUTY.

fughe--------

We share everything here- we do not solicit or sell for profit.

Please follow the forum rules and regulations.

Traderbeauty-Moderator

EDIT: If a person had read the post....they would know I was NOT trying to sell anything. -fughe

There are a few things that make the Constellation different from the rest. One is that it does not use a zigzag, fractal, or other standard swing mechanism. Also, unlike any other pattern scanner on the market, the Constellation correctly identifies X points. Another is that this is not a "find all possible patterns" type of indicator. It only finds patterns according to Jason's specific rules, that he has been trading profitably for several years. Basically, it is not just another indicator, it is a trading system.

I know because I created it.

I tried posting this in the request thread, but it got thoroughly ignored, so I am going to drop it in here also.

This is a free EA. I am interested in seeing the code because they don't give any description of the logic. I tried to decomp, but it is too new for mine. Would appreciate it if someone could decomp and repost. Thanks!

Link--

w w w 4sh@red c0m/file/4BwUuSis/DynamicProScalper_21.html

BTW--It seems to be an Asian scalper, so don't run it unless you are interested in giving away your money.

This is a free EA. I am interested in seeing the code because they don't give any description of the logic. I tried to decomp, but it is too new for mine. Would appreciate it if someone could decomp and repost. Thanks!

Link--

w w w 4sh@red c0m/file/4BwUuSis/DynamicProScalper_21.html

BTW--It seems to be an Asian scalper, so don't run it unless you are interested in giving away your money.....Come to think of it, if you are interested in giving away your money, please just contact me and I will gladly take whatever money you are interested in giving away. :))

Just a little bit of insider information on the HAT. They show good results. One thing they don't like to reveal is that they set a BE when the price has moved positive by about 10-15% retracement. For those not quick with math...on a 100 pip target, that means BE is set when the trade is 10-15 pips positive. What this means is...their claimed 70% accuracy is bogus. The system is profitable. But it is not the 'oh so amazing' system they claim it is.

That said, a large part of the monthly fee is probably to pay for the required server systems since it is a signal service. Most likely it is custom coded software, and not some rinky-dink piece of software being run on MT4.

Don't waste your time with that company. It is a rip off. The following link is to the indicator they ripped of to market as their own. It is free, and gets updated regularly.

xxx.forex-tsd.c0m/harm0nic-trading/1093-harm0nic-trading.html

I don't trust vendor's trades. Could be cherry picking of winners.

What would you expect to hear when you ask the butcher whether the meat is fresh?

Well, I have a fair amount of experience trading patterns, so I expected to see good results on a renko chart.

One thing I will say is that I am not entirely pleased with the pattern detection system. It is the best I have seen so far, but I have still seen it detect patterns that do not fit the definition of anything. I suppose it comes down to how loosely you chose to interpret the alignments on whether you would call it good or not.

I am liking some of the new features that have been incorporated recently. Anyway. I am not sure it is available anymore to the public anymore, so all of this might be pointless to post.

Could you show some trade examples with screen shots?

Actually, if you go to their website, invictusea , you can check their blog. They have quite a few live trade examples posted. I know they are live because I have been fortunate enough to be talking to them when some of them happened, so I got to see the pics before they were posted on the site. That is the only reason I know they are not faked.

And again, let me state.... The system was created as a trade tool. The guy that made the EA uses it on his own live account. I know because I have talked to him often, and several times while he was in the middle of a trade.

So, when i say that he decided to work toward making it fully automated....I mean he did not intend for it to be 100% automated originally. He is only doing it because several people have expressed interest in running it as a fully automated system.

As I stated previously, if used as a trade tool, it works great.

Originally, the author created this EA as a trade tool, NOT a 100% automated system. Due to requests from clients, the author has decided to work on finding good settings that will allow a newb to load it on a chart and forget about it. Since the EA is quite complex and a number-crunching hog, it will probably take at least a month or two. Until then, if you are interested in a trade tool for use trading harmonic patterns, then it is ready. Otherwise, keep waiting.

Alright....here is a quick update. Not very detailed as of yet, due to waiting on updates, so this will have to suffice.

If you are looking for an EA that will assist you with trading, this EA is quite good. If you are looking for some thing that is 100% automated....it is not ready just yet. Will post more when the new updates have been implemented.

Managed only 63% of them, sorry. Uploaded here

http://www.4shared.com/rar/ulFRK-ir/Indies_decompiled.html

Some is better than none. Much appreciated!