Lifestyle Trader

Hello all,

I am just wondering if anyone here has - like myself, for better of for worse - purchased and is using the Aussie Rob Lifestyle trader package?

So far my active paper trades are in the black, however my closed paper trading is showing a net loss which suggests the system's exit strategies are not geared to extracting maximum profits.

As a beginner, I acknowledge that my 'mastery' of the trading system may be somewhat off...this post is created to hopefully tap into other's experiences.

Thanks.

Hi,

Hadn't heard of it till you mentioned it, had a qucik nosey and at a price of
US$3,995 you'd want pretty damn good results. you could buy a goat load of great books to learn from for that price.

There is no system that will tell you when to get in and when to get out with maximum profits i think. I often wonder though what info these systems actually give you. do you think you could post a chart that includes the entry and exit that the system has given. I would just like to be nosey thats all.

The way i see is that wouldnt the developers of systems like these be using them for there own gain and trading the markets not flogging them to the public for thousands if they where that good.

Moogadah said:

Hello all,

I am just wondering if anyone here has - like myself, for better of for worse - purchased and is using the Aussie Rob Lifestyle trader package?

So far my active paper trades are in the black, however my closed paper trading is showing a net loss which suggests the system's exit strategies are not geared to extracting maximum profits.

As a beginner, I acknowledge that my 'mastery' of the trading system may be somewhat off...this post is created to hopefully tap into other's experiences.

Thanks.

Click to expand...

Hi,

I bought a copy if this software last year in September (2006).
I am happy to share my 2 cents with you all on this package.

First of all, I am a property investor/trader and I don't know much about Forex etc. Although I have had some experience paper trading options previously I am not no master in trading at all. As we all know, the property market has been booming way beyond it's actual value, we (my partner and I) started looking into other ways of investing. We came across this product through a "friend" of ours, who claimed that he has been using is and he worked for him. But later on we found out that he was promoting the product on behalf of Lifestyle Traders. (He was paid by Lifestyle Trader to attend all these seminars and tell people how much success he has with the software etc)

Well, I am a Business Systems Analyst by trade. I build software systems for companies. From a BSA's point of view, normally a software system is built to simplify things, in the case of this ARLT package, it is to simplify your trading as per claimed by Lifestyle Trader that no more technical analysis etc, i.e. you should be able to trade by the signals and make money.

Just a general observation, the entry signals generated by this software are often way too late while the exist signals appear way too late as well, therefore it is very difficult to capture the profits. First month into my paper trading, I did not trade every single signal as per stipulated in the money back guarantee (because in the seminar we were instructed to trade with a money management system) and I was a few thousand dollars in red. This is when I thought I should go by the money back guarantee and trade every signal generated by the software. (you probably found out by now that the software only displays 4 - 6 weeks worth of data)

Anyway, I went back to trade every signal generated by the software. My findings are:

• The first month of trading every signal I lost US$50,000 on paper

• 2 months into trading every signal generated by the software, I lost US$200,000 at one stage. But the market did come back up somehow.

• 3 months into trading every signal, I lost ~ US$70,000 on paper

I used this as my baseline and I also tried trading with stop loss (only for 2 months though), however, the results did not seem to produce any paper profit either.

In the end, we had to resort to the money back guarantee and ask for our money back.

When we submitted our results to Lifestyle Traders, they refused to communicate with us, so we had to go to the Dept of Fair Trading and they even refused to talk to the Fair Trading representatives. In the end, we had to take them to the Small Claim Court (as per suggested by Fair Trading).

Good news is, Lifestyle Trader have been ordered to give us our money back.

Lifestyle Trader is very difficult to deal with... we are now helping a couple of people to get their money back as well.

I hope this helps.

investa

I remember seeing them at a small business expo a couple of years ago, all the sales people were dressed Steve Irwin style, to me it came across as utter rubbish with unrealistic promises but like a lot of these peddlers there was no shortage of interest in making easy money .

Remember one of the salesmen showing me some trade examples; he kept referring to having bought a short position???? on Pork Belly’s I think that made $$$$$$ in only a few days, sure its possible but when I said things can go the other way, what if the market had gone limit up against you, the salesman looked at me a bit confused and said “Limit what” .

I didn’t hang about.

Aussie Rob Lifestyle trader program

Hi

I went to a seminar on Saturday which was Aussie Rob's Lifestyle trader program. The program give you exact entry and exit signal as well as where to place stop losses. The algorithm for the programs is based on supply and demand. The program is used to trade Forex, Commodity, Stock and Options. The program sells for $4995 and comes with a course and 2 day program training. The company seem very commited to educating one to be a competent trader the presented said "if you are 100% commited, then we would be 200% committed to you". There was no pressure to purchase the program as will some seminar and the trades results were quite impressive. Just wondering if anyone has experience with this program and is it worth it? Any feedback is greatly appreciated.

Re: Aussie Rob Lifestyle trader program

chan_a1 said:

Hi

I went to a seminar on Saturday which was Aussie Rob's Lifestyle trader program. The program give you exact entry and exit signal as well as where to place stop losses. The algorithm for the programs is based on supply and demand. The program is used to trade Forex, Commodity, Stock and Options. The program sells for $4995 and comes with a course and 2 day program training. The company seem very commited to educating one to be a competent trader the presented said "if you are 100% commited, then we would be 200% committed to you". There was no pressure to purchase the program as will some seminar and the trades results were quite impressive. Just wondering if anyone has experience with this program and is it worth it? Any feedback is greatly appreciated.

Click to expand...

supply and demand

Looks like moving average crossover system to me. I'll sell you one of those for $2500

Re: Aussie Rob Lifestyle trader program

chan_a1 said:

I went to a seminar on Saturday which was Aussie Rob's Lifestyle trader program. The program give you exact entry and exit signal as well as where to place stop losses. The algorithm for the programs is based on supply and demand.

Click to expand...

I have no specific experience on this program or anything similar, but every time I read someone interested in one I have the following thoughts:
- How can a 'black box' entry system be used to teach someone? Without opening up that black box, no one will learn a thing, aside from being able to use the program. So if that's the case, why would anyone "wanting to learn" buy one? I'm certain the answer is that people either don't want to or don't have the time to learn themselves - plus it's convenient to have someone to blame if their trading doesn't work out so well.
- So, if someone looking to get into the market doesn't really want to learn but still wants to have a position in the market, why not use index or managed funds? They won't charge you thousands to just get your foot in the door and you'll learn just as much...

Re: Aussie Rob Lifestyle trader program

chan_a1 said:

Hi

I went to a seminar on Saturday which was Aussie Rob's Lifestyle trader program. The program give you exact entry and exit signal as well as where to place stop losses. The algorithm for the programs is based on supply and demand. The program is used to trade Forex, Commodity, Stock and Options. The program sells for $4995 and comes with a course and 2 day program training. The company seem very commited to educating one to be a competent trader the presented said "if you are 100% commited, then we would be 200% committed to you". There was no pressure to purchase the program as will some seminar and the trades results were quite impressive. Just wondering if anyone has experience with this program and is it worth it? Any feedback is greatly appreciated.

Click to expand...

Hi Chan

Before your post there was only 4 posts but 1 by investa tells of his experiance with lifestyle trader which is what your question asks

Maybe take a look.

Cheers

Pager

Thanks doctorj and pager for your feedback. I didn't realise there was information on the forum already about lifestyle trader already. Being new to the forum I wasn't able to search for information prior to registering. Further to the lifestyle trading program it also comes with a education course that covers commodities, options, forex and stock so there is a theoretical side to the program. I would be interested to hear from anyone who has completed this program. Their website is www.lifestyletrader.com.au

chan_a1 said:

Thanks doctorj and pager for your feedback. I didn't realise there was information on the forum already about lifestyle trader already. Being new to the forum I wasn't able to search for information prior to registering. Further to the lifestyle trading program it also comes with a education course that covers commodities, options, forex and stock so there is a theoretical side to the program. I would be interested to hear from anyone who has completed this program. Their website is www.lifestyletrader.com.au

Click to expand...

Your paying $,000's for an oscillator that you can program yourself with Metamumbojumbo or Amibroker or Tradestation... even Excel

If you want to learn about commodities and options, Joe's bookshop or the library will have more info than Aussie Robber will ever teach you. If interested, I can suggest some good books.

Thanks for your feedback wayne. It is quite expensive. In the seminar they said the indicator is not a lagging indicator but more of a leading indicator. It is based on market supply and demand. The other cost that is need is the data feed which is $128 per month!

If you could direct me to some good commodities and forex books that would be great. I have already read alot of books on CFDs and looking to expand my trading into commodities and forex.

chan_a1 said:

Thanks for your feedback wayne. It is quite expensive. In the seminar they said the indicator is not a lagging indicator but more of a leading indicator. It is based on market supply and demand. The other cost that is need is the data feed which is $128 per month!

If you could direct me to some good commodities and forex books that would be great. I have already read alot of books on CFDs and looking to expand my trading into commodities and forex.

Click to expand...

Hi Chan,

The indicator is obviously derived from price and/or volume, therefore must be lagging. It might not be a simple or exponential moving average, it might be a least squared or volume weighted MA. These are often incorrectly described as "leading indicators", but they are not. That is just spin.

I don't know any forex books, but if you let me know what style of trading you want to do, I can suggest some commodity books that may be appropriate.

chan_a1 said:

Thanks for your feedback wayne. It is quite expensive. In the seminar they said the indicator is not a lagging indicator but more of a leading indicator. It is based on market supply and demand. The other cost that is need is the data feed which is $128 per month!

If you could direct me to some good commodities and forex books that would be great. I have already read alot of books on CFDs and looking to expand my trading into commodities and forex.

Click to expand...

Boy, you need to be directed to RIGHT HERE.

https://www.aussiestockforums.com/forums/forumdisplay.php?f=20

and this particular thread!

https://www.aussiestockforums.com/forums/showthread.php?t=6870

Read them all, but first book I recommend you to read is

Dr Van Tharp, Trade your way to Financial Freedom.

Buy one right now and after you finished reading it, go back to Aussie Robber's Lifestyle claim and you will probably end up laughing at all.

And THERE IS NO SUCH THING as a TREND LEADING indicator. All trend following indicators will ALWAYS, I repeat, mathematically ALWAYS lag behind the price action. The math behind it is not that complex but the general public will not want to investigate it, nor have the knowledge to.

P.S: Try asking them for the maths and formulas for it, they will reject you outright saying it's all propertiary.

They would rather hear successful stories and get positive feedbacks from other "mates".

The only thing that Aussie Robber is doing a great job is marketing.

Ya want Technical Indicators?

Yes, there are some traders who still feel compelled to use their good ole charts from the old days. Yeh I know, "Analysis Paralysis"... Oh well, old habits are hard to break so to keep ya happy you can dump your old datafeed and charts as the Aussie Rob Lifestyle Trader includes:
Accumulation Distribution
Average True Range
Bollinger Bands
Commodity Channel Index (Commodities Only)
Ease of Movement
Exponential Moving Average
MACD
On Balance Volume
Rate of Change (ROC)
Relative Strength Index (RSI)
Simple Moving Average:
Standard Deviation
Stochastic
Volume
Williams % R

Click to expand...

LOL!

I bet he doesn't even understand the construction of this particular indicator and only knows or assumed it can only be used for commondities only because the indicator is named like that.

Temjin said:

LOL!

I bet he doesn't even understand the construction of this particular indicator and only knows or assumed it can only be used for commondities only because the indicator is named like that.

Click to expand...

LOL Temjin. Didn't notice that one.

PMSL here.

chan_a1 said:

Thanks doctorj and pager for your feedback. I didn't realise there was information on the forum already about lifestyle trader already. Being new to the forum I wasn't able to search for information prior to registering. Further to the lifestyle trading program it also comes with a education course that covers commodities, options, forex and stock so there is a theoretical side to the program. I would be interested to hear from anyone who has completed this program. Their website is www.lifestyletrader.com.au

Click to expand...

chan_a1,

My apologies for the delayed response. I have been overseas and haven't checked the forum for some time.

I have completed the "Computer Lab" program. As far as I can recall, the computer lab was not about the "theoretical side" of the program (well, think about this, why would he tell you his trade secret?). The main thing taught in the computer lab was the "Options trading" using the software package. Apart from the "Options", he had touched on how the "Commodity" market works and kind of demonstrated on how to interpret the signals generated by the ARLT system. I think (or I guess), Rob Wilson (the presenter) didn't want to be held liable for ppl's financial loss from using the software, he was not willing to confirm how the signals should be interpreted. To me, I think the computer lab was a waste of time!

Personally, I think if you want to be a trader you need to under how the market works and how to analyse data and charts, because market never stays the same.

I hope this helps!

Regards,
investa

If nothing else its a catchy name isn't it. Laying on the beach and just raking in the dollars. Yeah right...

stargazer said:

If nothing else its a catchy name isn't it. Laying on the beach and just raking in the dollars. Yeah right...

Click to expand...

Well, put it this way, the purchase agreement says for the money back guarantee, the purchaser has to trade every signal generated by the system for some 60 odd instruments for 90 days and one of the judges did not agree with "Lifestyle Trader" that their software is a product that will improve your lifestyle!!

hahahaha lol wayne, i like the 'aussie robber' name haha. i was especially impressed by the claim that it shows 'at a glance' the direction of the share price action.... i mean can you really see what way the share price is going by looking at charts (sarcasm)? and sherrie seems like a really educated trader... hahaha. what a rip off.