Viper trading systems reviews

Not too often that someone manages to score the lowest possible score of only one star. But these three trading stooges just set a new worlds record for the worst trading room on the internet. A complete and total sham operation. No performance disclosure, no trading DOM present, no account statements, they completely refuse to provide any supporting documentation that proves even the most minuscule amount of authenticity. Avoid at all cost. Viper Trading Systems is a live day trading room hosted and moderated by Charles Boyle, Gary Donahoo, and Richard Straiton.

These include the Time Trader, Viper Channel Trader, and the Viper True Trend. Viper Auto Fibs, Viper Automatic ABC formations, Viper VipRenko Bars, Viper Auto Zones, Viper Money Management Statistics, Viper Automated Zone Trader, Viper Squaring of Price Indicator, Viper Trend Timing Indicator, Viper EMA, Viper Prophet, Viper Triangles, Viper Right Edge, and the Viper Dynamic Trend Indicator.

The Viper Trading Systems website has a history on Archive. There really has not been much of a change in the website over the years, except for the shear amount of additional indicators that can now be purchased.

I think that it is important to note that the website is named Viper Trading Systems, which implies some form systematic automation. This really piqued my interest on whether they had ever offered any sort of track able trading system.

I like when a trading vendor develops a trading system founded upon the logic of the indicator, this allows some form of statistical analysis. Sure enough, after digging through Archive.

For whatever reason, they have now scraped the site clean of any performance statistics or claims of making any trades.

I could find no positive written information for Viper Trading Systems, the biggest complaint was that the trading system could not be replicated in real time. It appears that in early , Viper Trading Systems simply tossed the idea of offering an automated trading solution and decided to focus on just selling indicators and a live trading room.

Another key observation is that Viper Trading Systems is not maintaining any sort of log of performance inside of the trading room. Neither is there any mention of the individual trading performance of any of the company representatives. The only way to measure performance was to log into the trading room each day, attempt to replicate the trades via simulator, and record everything via Camtasia screen recording.

The live trading room begins each day at 5am PST and then ends at am PST. In total, we recorded 10 trading days and about 33 hours of the live trading room. The trading room usually begins with one of the three moderators coming into the trading room and discussing the nights events. And then about a half hour later, the other two moderators then join the room. The action starts to pick up about am PST, which is the opening of the US stock market.

At no time during the entire 10 days screen recordings did we ever see a trading DOM present on the screen, nor did we see any orders being entered directly onto the charts. It was just talking. And I mean three guys talking quickly and excitedly, nearly nonstop the entire time. After the 2nd day of live trading, my assistant, whom was attempting to record each trade and trade via a simulator sent me a message written in both English and Tagalog.

Whenever she sends me a message interspersed with Tagalog, I know we have trouble because she will use the Tagalog to insult and say nasty things. And so, when she starts mixing in Tagalog then I know she is pissed off and upset. At the end of day number two, I had her quit attempting to copy the trades because these guys were only verbally scalping in and out, and there was no possible way to replicate what they were doing.

At the end of these nearly constant quick exchanges, they would then take turns congratulating each other on taking these mystery profits and how the day was turning out to be fabulous. None were ever provided. My complaint of everything moving too quickly was met with the response that after using the indicators for a month, then I would begin to grasp the power of the indicators and that my profits will explode, just like them.

Just a lot of lively conversation and back slapping each other for the making of mystery profits. I can imagine how the layperson would of felt left out of all of the fun and money making.

By the fourth day of watching these guys talk about trading and making profits, the brilliance of their marketing effort began to set in. Let me explain, as the trading day progresses, the moderators will be quickly calling trades, and each of these trades would be associated with a different indicator. At the end of each trading session, the poor rube watching all of this gets the feeling that everyone was pulling profits with ease because of these magic indicators.

The poor rube is thinking to himself that he just witnessed something fantastic and exiting, and with a little practice with these indicators, he also will be pulling in big bucks. I have watched a lot of trading rooms moderators since I started this blog, and this was one of the more entertaining, in terms of hustle, chicanery, and misdirection. These guys at Viper are quite obviously not trading, but they have figured that they can sell these indicators by creating a group think dynamic that feeds on itself.

Viper Trading Review Traders Bulletin | Free Trading Systems

The trading room attendees want desperately to join the fun, and enter the race. But what they do not understand is that none of these guys are actually racing, they are just talking excitedly and hoping that the excitement rubs off. These guys really remind me of three guys at a Las Vegas craps table, they are screaming and whooping and hollering and high fiving each other.

And you naturally look at them and want to be part of the action. As the dice are tossed, one of the three guys always seems to win and then they all whoop and holler and congratulate each other. You are sitting there with your chips all over the crap table, totally confused and you have no idea what is happening, but it all seems so exiting and profitable. The following video clip does a good job capturing the nonsense of this trading room. Watch, and ask yourself if you can replicate this….

When evaluating these trading rooms, it is always important to remember to not lose focus and not be distracted by fast talk and shiny objects. What matters is performance. And the bottom line is that none of these stooges will reveal personal trading performance.

And there is no record of the trading called inside of the trading room. If you watched the above video, you should of counted nearly 10 separate trades that were called inside the span of this 15 minute trading video. Now imagine having to watch, monitor, and record each of these guys over a 2.

How many trades do they call out during the typical day? On average they call out nearly 60 trades an hour. The typical trading day, we estimated nearly trades. Just image for moment, after watching this video, could you possible have any chance of replication at trades each day? Would you even want to? And can you imagine how much in commissions you would be paying to your broker? This would be insane and a sure fire way to quickly destroy a trading account. Yet another crummy trading room with zero performance disclosure, no trading DOM, no trading from the charts, no chance of replication, moderators that refuse to provide a track record of live trades, refusal to provide an account statement of trades.

I have done some analyses a few months ago, and yes the room is a lot of distraction. First time in the midband after a trendchange is a very solid trade wich can be profitabele.

And i have seen TopSteptraders get funded using the Viper system. Speaking of POS scam artists…I think Emmett takes the cake. A Review of Emmett Moore. This review is absolutely correct. Total waste of time and money with these guys. Btw, they will not let you communicate with any of their students. I asked several times without success. Total lack of transparency. Great Video, thanks Emmett! It had me rolling on the floor. My personal experience, after years of struggle, is that day trading is for people who can somehow tell near future trends on a much tighter time frame than I can.

Short term, manipulated chaos will get you almost every time. I joined them for a month. Lost at least 2 grand on the total thing. I can see that they lie. Fucking assholes to be honest. Org Review Team Warning Add Listing and Review Request Prop Trading Prop Trading Firms Menu Live Trading Rooms Stocks Trading Rooms Futures Trading Rooms Trading Software Trading Mentors Trading Systems Brokers Discount Futures Brokers Stock Brokers Live Futures Trading Rooms.

Viper Trading Systems Emmett Moore July 29, Live Futures Trading Rooms , Trading Systems , Worst Live Trading Rooms , Worst Trading Systems 12 Comments.

Summary Not too often that someone manages to score the lowest possible score of only one star. User Rating 5 1 vote.

Comments Rating 0 0 reviews. No performance disclosure, no track record, no account statements, total refusal to provide any proof of trading success. A smoke show trading room meant to confuse, distract, manipulate, and hustle the naive. An absolute sham operation managed by three incompetent stooges.

About The Author Emmett Moore. Photo and Image Files. Audio and Video Files. Notify of new replies to this comment. Major Moron is one of the vendor probably Ace Trade Review who got an honest and bad review from Emmett. A friend of mine, who is a very nice guy but total sucker for this stuff, was totally hyped up for this. He invited me over to watch over his shoulder as he hit the live trading room. It was exactly as you described in your review I just read!!!

Insanely messed up yet insanely hilarious at the same time. It brought back all those memories and arguments he and I had. I held firmly my belief that it was total bunk. I issued him a challenge. Correction to my previous post — spelling error. Sorry for any confusion. Secondly, a background check on Station uncovers some very disturbing information indicating that Richard Station is actually a lifetime disbarred California lawyer in http: March 9, 48 Comments.

August 27, Comments. May 27, 15 Comments.

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