Emini Day Trader - Eminidaytrader & Dave Johnston & Justin Weinraub

Tampa, Florida 0 comments
Not resolved

For those of you reading these concerns the first time I recommend that you start with the first one.This is the third one in a series that will continue until the problems with their software are addressed and fixed.

I have stated I will post weekly but when situations arise like it did yesterday it can't wait. Again, I can provide charts to support my allegations and even video's. Now, the problem with yesterday. The software fired a trade (short) at 1144.75.

The market came up to that price and filled the trade short. No problem so far. The market then went down 4 points to 1140.75 before a retrace. The market moved back up to 1144.00 (3 ticks below our entry of 1144.75) before moving on back down for some 13 or 14 more points.

Dave in his recap this morning made the statement that it was a very nice trade and that they captured all of that move due to paint bar stop strategy. This amount of money that this trade theoretically won will be posted on the results page for potential clients to observe when making a decision whether or not to buy this software. In fact, this trade was stopped at + 5 ticks. I even have a video from Dave on how we manage these trades.

In short, when a trade goes in your favor at least 3 points then you must capture at least a third of that move. The market went in our favor 4 points. That is 16 ticks. The stop goes from break even to +5 ticks at a minimum.

The reason is that the market could come back to our entry price and stop the last contract even and the strategy designed by them and that they count everyday is that if it goes at least 3 points the stop must be moved a third to make something from it. This means that if you add 5 ticks to the 1144.75 entry your stop will get moved to 1143.50 at a minimum to salvage at least that third. The market came back up 2 ticks above that to 1144.00 so the trade got stopped. Dave conveniently counted 14 more points on that trade and that is what will e counted on the results page.

A potential buyer of the software would never know that. As I have stated from the beginning of these concerns. A trader can't sit here like today and lose money and Dave and Justin say the system made money. Happens about everyday.

Want to know more? My email is janno1951@gmail.com.

I can assure you, my intent is to improve this product and not hurt Justin and Dave.But this is ridiculous how far off real results are from what they post.

Review about: Futures Trading.

Emini Day Trader - Dave Johnston & Justin Weinraub & EMDT Software

Tampa, Florida 2 comments
Not resolved

For those of you who might have read or missed a previous concern I have posted stating that the "EMDT Doesn't Deliver" you might want to read it again.I have informed Justin of my intent to post a weekly concern that can be googled so I can inform the public that in my opinion the trading results of this software are manipulated daily, weekly, and monthly.

As you might have read in my previous post, I have been an owner of the software for over 3 years. When I purchased the software it was implied that my results should soon exceed the software results. In 3 years this has not happened and I want to weekly educate potential purchasers of the software why this will never happen. I have asked Justin to make changes to the software to help owners in trade selection but have been told that it would not happen.

Changes would make decisions on trade selection easier to read and more difficult for EMDT to manipulate. I will state this, or attempt to, in every concern which will be posted weekly. I have OWNED this software for three years and I feel that is enough time to be able to choose the logic trades that seem to keep the results page in the black. I have been unable to do so and the reasons are clear.

Dave and Justin can't claim that I am just *** and just can't seem to get it. For those of you interested to see how you will not be able to obtain results from this software I will devote some time to explaining it to you not only in words but in pictures.

My email address is janno1951@gmail.com.You need to talk to me before making any kind of decision.

Review about: Futures Trading Software.

Comments

Anonymous
#547091

I have to agree with the author of this post.

I can assure that EMDT is not fraud or anything, but the fact is that their method just doesn't work anymore or as good as before(comments on this by emdt would be highly appreciated!!!).

the mechanical trades do not generate profits

sorting out the winners is almost impossible

(btw: any trading technique is profitable IF I can reduce the losers, I don't need to buy a system from someone)

Anonymous
#326592

We do not wish to get into a debate on this forum.However, we disagree with these claims.

We stand behind everything we do and our integrity. We can verify everything we do and we're happy to dispute any particular claim this person makes. We're surprised this individual is saying this as we have many, many emails from this person praising our program time and again, going back several years. We go out of our way to be transparent, offering full access to our course and we are willing to show anyone our software in live trading.

We never want anyone to buy without being fully confident.

We have hundreds of satisfied clients.Please contact us at info@eminidaytrader.com or at eminidaytrader.com and you can make up your own mind.

Dave Johnston & Justin Weinraub Emini Day Trader

Tampa, Florida 2 comments
Not resolved

I purchased the software and the recap 3 years ago from EMDT.I spoke with both Justin and Dave on the phone prior to completing the purchase.

I have had many interactions with Justin via team viewer as well as email. Any questions I had I received a response and the learning curve at the time was steep. The trades needed to be learned and learned well as there wasn't an intelligent assistant to populate the trade. It was very difficult to catch each trade and replicating any kind of stated results was pretty much impossible.

As the market began to be more choppy in the last three years the results being obtained by the software were losing quite often. A change was needed and to Dave and Justin's credit they continued to enhance the software. Now we have the potential trades populated. What has changed is that they have 2 trading systems.

One is every trade fired by the software and they track those results. Unless you are an owner of the software you will not be able to see these results. These are an accurate reflection of what does transpire as they are unequivocal unless the software has a glitch. These results are very poor and after commissions do not make money.

The other, (and this is the important part) is discretionary and strictly chosen after the trading day by using their entry logic. Sounds simple right? Well I am pretty far along in trading and have watched this software daily and I still can't get it right. About half the days one can determine the entry's that will be chosen by Dave and Justin but the other half if you were successful it would be luck.

Three criteria must be used to decide each entry that the software fires but I won't go into that on this concern. But basically if you have 2 out of 3 criteria going for you then take the trade. I am sure you might think that sounds easy. But when you watch Dave and the recap you will find you just never get it right.

You will NEVER replicate the system results. Dave and Justin like to state you should be able to exceed their results but that will never happen. If you have traded for any length of time you will know that missing just 2 winners in a month and taking 2 of the losers that they won't count as logic trades will make your personal results lose money. One day a trade can be called a winner and an acceptable trade (in other words fit the logic they teach) then two days later the same trade would fail and it will not fit the logic and not be counted a loser.

But it is the same trade and same circumstances. The discretion they have built into the system to ensure it makes money would not be tolerated anywhere by anyone. I can see WHY they do it. They are in the business to SELL software.

If that software loses money the WHO will buy it? This "built in" discretion allows them and even encourages them to ensure that losers sometimes do not get counted and winners that should not be counted are indeed counted. I am NOT angry and trying to destroy them. But after three years and seeing this manipulation over and over I did inform them the public needed to know.

Lastly, they take trades as winners that do not fill. I have been on the end of that many times. If they absolutely NEED a trade to win, and often they do, then when price hits the entry and you are sitting there waiting to get filled and do not and then watch the recap and they said that they did and you KNOW it didn't happen it is difficult to swallow. This system is not worth what they are asking for it and you will not achieve their posted results.

I have tried for 3 years. If you want to talk with me my email address is janno1951@gmail.com.

You won't find me angry but you will find me with many examples.They NEED to eliminate the discretion so traders who invest in them can realize the results they post.

Review about: Futures Trading.

Comments

Anonymous
Summerfield, Florida, United States #1193190

I've had Justin and Dave's software for 4 months now and after much study and market replay I finally started trading it in my TopStep Trader account when my 50K account was eighteen hundred in the red. After 2 weeks I'm in the black by four hundred dollars. This review is unwarranted.

Anonymous
#326590

We do not wish to get into a debate on this forum.However, we disagree with these claims.

We stand behind everything we do and our integrity. We can verify everything we do and we're happy to dispute any particular claim this person makes. We're surprised this individual is saying this as we have many, many emails from this person praising our program time and again, going back several years. We go out of our way to be transparent, offering full access to our course and we are willing to show anyone our software in live trading.

We never want anyone to buy without being fully confident.

We have hundreds of satisfied clients.Please contact us at info@eminidaytrader.com or at eminidaytrader.com and you can make up your own mind.

Emini Day Trader - Just Plain fail to Deliver

Tampa, Florida 1 comment
Not resolved

Update by user Jul 27, 2011

Dave Johnston and justin

Original review posted by user Jul 26, 2011

I purchased the software and the recap 3 years ago from EMDT.I spoke with both Justin and Dave on the phone prior to completing the purchase.

I have had many interactions with Justin via team viewer as well as email. Any questions I had received a response and the learning curve at the time was kind of steep. The trades needed to be learned and learned well as there wasn't an intelligent assistant to populate the trade. It was very difficult to catch each trade and replicating any kind of stated results was pretty much impossible.

As the market began to be more choppy in the last three years the results being obtained by EMDT's trades were losing quite often. A change was needed and to Dave and justin's credit they continued to enhance the software. Now we have trades populated. What has changed is that they have 2 trading systems.

One is every populated trade and they track those results. The other, (and this is the important part) is discetionary and strictly chosen after the trading day by using their entry logic. Sounds simple right? Well I am pretty far along in trading and I still can't get it right.

About half the days one can deterime the entry's that will be chosen by Dave and Justin but the other half if you did do it it would be luck. Three criteria must be used to decide entry and I won't go into that on this concern but the gist is if you have 2 out of 3 going for you you take the trade. I am sure you think that is easy and it sounds easy. But whn you watch Dave and the recap you will find you just never gwet it.

You will NEVER replicate the system results. Dave and Justin like to state you should be able to exceed thiers but that will never happen. If you have traded for any legnth of time you will know that missing just 2 winners in a month and taking 2 of the losers that they won't count and your results are totally upside down. One day a trade can be called a winner and an acceptable trade but the next day it can be aloser and not counted.

There is too mcuh discretion on the total of their system and totoaly in the control of what they decide and not what they or the system does. Lastly, they take trades as winners that do not fill. I have been on the end of many. This system is not worth what they are asking for it and you will not achieve their posted results.

I have tried for 3 years.If you want to talk with me my email address is janno1951@gmail.com.

Review about: Futures Trading.

Comments

Anonymous
#808449

Yes I have also been payed money for this information...it is really nothing new and it was not helpful to me in my trading.

The guys are nice, but fail to show any consistency with what they claim are system trades.

William Johnston

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