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Author Topic: Constellation  (Read 37107 times)

Offline informer

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Constellation
« on: July 14, 2014, 02:12:48 PM »
Don't shoot the poster ,,,,
I know there has already been some issue with the posting of this subject ... I'm not the vendor/creator ..
I am interested in views on this pattern software and its vendors as patterns are new to me and something im looking at


http://tradeempowered.com/constellation


I do know Antny from the TulpiFX forum  and he has always supported people with any knowledge and advise he can give  and had not tried hard sell anything , in fact the opposite..
I don't know him personally or the Vendors who have help code his algo .....

I hope the Vendors and or Antny will come back  answer any questions ...

I'm interested in higher timeframe patterns and if there are any long term profits to be made ....

anyone have any experience in pattern trading as currently it seem a very slow manual process and from how this software is being sold is its the first software to produce the correct back tested profitable patterns for you ....
 
I would be very interested to see any back tests as I know there is no forward tests which im aware of from the vendors



Offline odysseus11

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Re: Constellation
« Reply #1 on: July 14, 2014, 03:09:06 PM »
OK so youre not the vendor. Thats great, and how convenient that  your post popped up right after the vendor-related blatant spam thread was removed. Quite a coincidence. I actually believe you are NOT the vendor, and can see you are by all appearances a contributing long-time forum member, so I take you at your word, but it is awfully fishy that as soon as their spamzalot attempts are removed that you feel compelled to create a thread and post their website. Anyhoo, regardless of your intentions, my feeling remains the same - always smart to keep eyes open for new ideas, but not interested in hype, webinars, or babbling. Show my a validated and verified myfxbook on a trusted broker using EXACTLY the method/system/EA that is discussed or offered, or else go away. Period. Everything else is hot air and wasted time in an attempt to pimp product.
http://www.forexfusion.com
stop gambling. start trading.

Offline pakeha

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Re: Constellation
« Reply #2 on: July 14, 2014, 03:25:50 PM »
Odyssesus11

Be careful that you are not "the pot calling the kettle black".  I haven't noticed a validated and verified myfxbook account on a trusted broker on your site yet.  However, I trust it will be coming, because you are also in start-up mode. 

Bottom line is that some of the vitriolic remarks on this forum is making it a marginal place to come to.   Donna, I think its time to raise the game. 

Offline Candlestick

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Re: Constellation
« Reply #3 on: July 14, 2014, 04:14:54 PM »
J. Stapelton - the author of constellation also has some interesting somewhat useful trading videos in youtube. Hes quite confident in front of the camera and can be extremely convincing in selling hes stuff. So dont fall in to hes trap ... ;)
I also have one personal experience with him in youtube. I commented about hes harmonic trading indicator being essentially the same as the ZUP and he responded quite agressively. I understand that he wanted to claim that hes work is truly original, but that was kind of ironic/funny experience.
I'd actually like to see hes thread under the commercial subforum. Perhaps you can get in some sort of agreement.
« Last Edit: July 14, 2014, 04:21:10 PM by Pipaddiction »

Offline Bigsteve

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Re: Constellation
« Reply #4 on: July 14, 2014, 04:38:34 PM »
These threads are mostly for making adjustments to strategies and EA's and for vendors to give customer service.
Ok so my suggestion is to initiate a live trade thread. If this is so good then it is no problem at all.
Either provide a Myfxbook with a real money account OR post a screen image of a live market trade the instant you take the trade. Include the losers as well as winners.
Biggest rule is don't come back with a 6 hour old screen grab saying you took that trade because it will be a bunch of baloney if you do. Heck I can do that and show all pretty stuff which means nothing. I would want to see the order being entered, nothing looking backwards 10 candles. Show it with some risk.

Offline informer

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Re: Constellation
« Reply #5 on: July 14, 2014, 05:06:12 PM »
I don't need to defend anything as there is nothing to defend ...I'm truly interested in this product .. the company and if this is any good or not  ....
know one asked me or told me to post .. simple as .....

I understand there are allot of fancy products which don't do anything ...I was searching for posts about it and saw Antny had posted a topic here as I come here for lots of information about products ....

I created the topic as when I came back it had been removed ... so I started one ... I have never use any of there products....
So have any of you joined there clubs/groups and learnt anything as they already have a few

Anyone joined

http://tradeempowered.com/syndicate/

As this is mentioned where they currently trade these patterns and I assume its done without the software....
I guess some people are fed up with Scam products so are quite aggressive from the start..... I'm sure this puts some vendors off good and bad ...




Offline Bigsteve

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Re: Constellation
« Reply #6 on: July 14, 2014, 05:38:10 PM »
The problem in this business is that for every seller there is less than one REAL buyer who can show results on live. My feelings are there is more money to be made by selling programs than by trading them. Of course this is all wrong with proof that programs work, and that is just where allot of interest will die off.

Offline odysseus11

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Re: Constellation
« Reply #7 on: July 14, 2014, 05:39:15 PM »
informer, Ive been at this a long time.
FWIW I personally KNOW people who *have* bought product from Trade Empowered/Syndicate. They dont necessarily regret their purchase, but they have told me they have NOT made money with what was sold to them. bottom line in my opinion, Stapleton and co are a marketing outfit first and foremost, not that there is anything wrong with that, just be aware, they make their money from selling "education", not from trading. Jason ADMITS as much, I have seen him admit to that in a question and answer session on youtube. Again, not that this is good or bad, just saying, the free "educational" material they put out as teasers (the webinars and whatnot) are designed first and foremost to get you to spend your dough on the "main product", which are the full courses. Dont be fooled into believing anything else.. Secondly to that, perhaps they believe in its (the education) ability to help you become a profitable trader, but how would they know since by their own admission their primary income is from selling the education NOT from trading. If they would like to dispute that, I am dying to see a verified myfxbook. From what my other associates have told me who HAVE purchased stapleton stuff, it isnt anything proprietary that cant be found for free a hundred places on the net, its all basic concepts with a few tweaks here and there.
All that is neither here nor there. This new thing, constellation, well now the link is up and people can look. Personally I  would never consider buying anything without a myfxbook showing the potential results in real life - if it is of real value and performs, at some point someone (either the vendor or a user) will post a myfxbook for it. If it is junk, and almost all of it always is, no harm done - worst case, let others jump first if you value your money and sanity.
« Last Edit: July 14, 2014, 05:42:03 PM by odysseus11 »
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Offline Bigsteve

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Re: Constellation
« Reply #8 on: July 14, 2014, 06:28:15 PM »
Real live money at risk proof is necessary.
Wonder kid videos of traders claiming they can levitate mean nothing to me because 99% of these programs do not work, which is why they are for sale rather than for private use.

If you don't give them your money then you don't have to worry about getting it back.
Actually that was my dad's advice about playing poker in a casino :)

Offline Antny

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Re: Constellation
« Reply #9 on: July 14, 2014, 06:58:53 PM »
I hope the Vendors and or Antny will come back  answer any questions ...

I'm interested in higher timeframe patterns and if there are any long term profits to be made ....

anyone have any experience in pattern trading as currently it seem a very slow manual process and from how this software is being sold is its the first software to produce the correct back tested profitable patterns for you ....
 
I would be very interested to see any back tests as I know there is no forward tests which im aware of from the vendors

This is the last post I will ever make on this forum due to generally unwarranted hostility.  Not from you, informer, but from others.

Unfortunately, all the questions you have asked were answered in the other thread, which was the point of the thread.  Because of this, I will only summarize what I had already posted.  I will not pull any punches in this post.

I have used several free and paid harmonic software packages.  All of them rely entirely upon the trader being an experienced pattern trader to be profitable.  The trader is absolutely required to determine whether or not the presented pattern is a valid, trade-able, setup.  All of the pattern software systems I have tried, utilize a swing, zigzag, or fractal type of logic to identify points to determine measurements.  My scanner uses none of these techniques.  My scanner is a unique A.I. that comprehends charts the way a human does.  No swings, no zigzags, no fractals. 

I have taken the pattern ratios from every source I could locate, and programmed them into my software to test the accuracy claims.  The average accuracy of all patterns, according to any harmonic vendor I have found to date, is around 40%.  This is across all pairs, and timeframes for the extent of accurate data I have access to, which is about 5 years (less for some pairs, more for others).   The accuracy criteria is measured as: D point completion is triggered according to their rules, standard target 1 hit for win @ 38.2% retracement, stoploss hit according to their rules, NO breakeven, NO trailing.  In other words, no hidden or slanted statistics.  The highest accuracy achieved was nearly 50%.  The lowest accuracy achieved was 30%.

Trade Empowered has licensed my scanning software to create the Constellation.  I stripped out all the trading ratios from all other companies, and they gave me their trade setup criteria.   I tested their trade setup accuracy and the worst result was 50%, the best was 70%.  I did not filter for news, trading was not stopped for weekends, and trading was not filtered for time of day.....exactly like every other test I have ever performed with harmonic patterns.  When filtered for session, the accuracy improves, as expected.  It did not improve in any of my prior testing of other setup criteria. 

Based on my 24 hour, unfiltered testing, the Trade Empowered logic nets greater than 80,000 pips over the five year period.  Using a remedial money management system, ($10k starting balance, 0.1 lot size for every $10k PROFIT not balance, lot size capped at 10 lots), the gain over the five year testing period is in excess of 6000%.  The equity curve maintains a steady 45 degree uptrend with no major up-swings or major down-swings, indicating stable performance throughout.  When the trades are filtered for specific time periods, the profit is accordingly scaled down (as expected) due to there being fewer trade setups, but the equity curve maintains the same characteristic uptrend, indicating stable performance across all trading sessions.....this includes trading only end-of-day time period (weekends included). 

I am currently working on automating the system as I have seen that the system has shown to be capable of maintaining stable profit over an extended period containing drastically varying market conditions.  Thus, there are no myfxbook verified backtests.  If there were, they would be falsified tests, because, as I stated in the deleted thread, the system is not yet automated.  I project the automation will be complete around the middle to end of next year.  It is a complex logic, because using a fixed stoploss, or simple indicator-based stoploss, makes for easy stop-hunting.  Further, I have to decypher the logic necessary to teach the system how to watch for unstable markets, and anticipate news......as a human would. If I am going to do this, it must be useful, and actually help people.  Otherwise, I have wasted my time and will not release it to anyone for any price.

Now, one further element.  As should be obvious, the Constellation is a manual system at this time.  If the user is not capable of following proper trade management (most people are not), then this will not help in any way.  If the user does have the capacity to follow proper trade management, then this system has already been traded profitably.  Not with this indicator, but by the professional technical traders who have spent years mastering this.  Akil uses these patterns.  He posts his trade results from time to time on his youtube channel.  He has a live trade room in which people trade with him.  They can also verify whether or not it has been profitable to trade this way.  Ask them if it is or not.  They know first hand.  I think some may even trade via MT4.  If you happen to locate one of them, and ask nicely, they may be willing to share their trade results via myfxbook.  Otherwise, as I stated in the deleted thread....sit back and wait.  Eventually someone will likely post their results to myfxbook....maybe by the end of the year or next year sometime.

Last comment on this.  The difference between the Constellation and everything else I have seen;  Everything else requires the human to verify the setups to be valid trade setups.  The Constellation bypasses this by only displaying the valid trade setups, no human verification needed.  All the human need do is determine how they want to trade the setup.

I will not be posting on this forum any further.


if you like the equity curve of my portfolio, you may subscribe here:  https://www.mql5.com/en/signals/widget/signal/1shh

Offline Candlestick

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Re: Constellation
« Reply #10 on: July 14, 2014, 07:09:41 PM »
Mate, this forum is the most friendly forum of them all. We are like a family here. That is why we are trying to protect each-other here.
Requests made have nothing to do with hostility. If you do not understand the difference between being protective and being hostile, then fine. Everyone has the right to their own opinion.

Offline odysseus11

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Re: Constellation
« Reply #11 on: July 14, 2014, 09:02:22 PM »
Quote

I will not be posting on this forum any further.

You can be big baby all you want, but anyone here will tell you its pretty reasonable to expect you to

1) follow the forum rules, whether or not you feel like they apply to you and you are so special that you can just make up your own

2) since you are basically a vendor (even though you claim not to be), people expect a verified myfxbook

These expectations would only be perceived as hostility by someone who wants to disregard them.

Sorry to intrude, back to your temper tantrum
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stop gambling. start trading.

Offline jubal

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Re: Constellation
« Reply #12 on: July 14, 2014, 09:33:02 PM »
Antny, as I said before I recognise you from the Tulip forum and I think you were a fair and reasonable guy.  You have just gone about everything the wrong way here.  Gone are the days when people listen and believe and the hyped up videos and webinars.  I think you genuinely believe you have something different to offer and thats good, but its really way too early to reasonably expect people to shell out for whats in your own words, " not going to be cheap"  without seeing long term proof that it works.  Myfxbook history with at least 6 months is the first step.  My suggestion is to go away and think about this, get the ball rolling as soon as possible, then come back and contact Donna who will introduce you to the forum in the correct manner.  If you can show then that you have a worthwhile product then you will get a lot of attention and sell your product, guaranteed.  However if you choose to go down the route you are currently on, ie pushing for sales now and affiliating with Jason Stapelton and co then you will find it a rocky road.  You may well sell a few copies to unknowing newbies but if you are serious and have a good product then do it right. You may feel hurt and a bit beat up by some comments but you need to understand most folks here have been stung a few times by rogue vendors promising the earth. You could be doing yourself and maybe people here a disservice by staying away so give it some thought and do things by the book
If you can keep your head when all around you are losing theirs.... then you have probably underestimated the seriousness of the situation

Offline Bigsteve

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Re: Constellation
« Reply #13 on: July 14, 2014, 09:33:44 PM »
The problem in this business is that for every seller there is less than one REAL buyer who can show results on live. My feelings are there is more money to be made by selling programs than by trading them. Of course this is all wrong with proof that programs work, and that is just where allot of interest will die off.
I can't stand requoting myself, but the shoe fits.

Of course this is all wrong with proof that programs work, and that is just where allot of interest will die off.

Offline informer

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Re: Constellation
« Reply #14 on: July 16, 2014, 02:35:53 PM »
well is only going to be offered to 100 people to start with ... if that's the case why all the Hype if he has had all his loyal traders knocking his door down to buy early .....why not sell it to his internal traders and then sell it external with proven results ...

anyway for me its a wait for results situation as there is only back tested results .... having said that I do think there is allot of power in these patterns from my initial investigation ... never traded or learnt them myself ...


 

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