Re: Traders International - Trading S&P500 Eminis
Thanks for the comments Julius and conpute. Conpute - those ongoing fees are very steep, especially after a $7,000 entry fee ... are the indicator parameters disclosed to you so you could set up the charts on some alternative charting package (like Amibroker or Metastock), this could be a cheaper option if the parameters are disclosed to you?
Also Conpute, re the execution problems such as not getting on to all the trades (and yes, the losing trades always get filled, and that's not just a market cliche it is a logical outcome of any sytematic approach), what sort of broker are you using, are you able to input bracket orders, stop-in orders etc. ? These should enable a fill under pretty much most circumstances. What contract are you trading, while the US index contracts all appear very liquid, some are more liquid than others? Does the 'system' work on only certain contracts?
Now, whats the story with the $50 trading dome fee/month and the $30 fee every three months? Those sound like fees from a broker? Are TI getting commissions from the broker for introducing clients? There are plenty of other futures brokers in the US. Some charge higher fees, but some charge no fees at all (beyond per-trade commissions). Have you investigated other brokers? By the way, can I clarify, trading dome, does that refer to the depth of market ... I imagine it does but want to check. Just back to brokers, I know one broker in the US that charges no fees beyond commish, free charting (very good charting too - if you have your parameteres I see no reason why you couldn't set up charts on this broker's platform - at no further cost to you ...... now having said that you will want to compare their commission charges, I know they are not the cheapest around).
As to working out a trading plan that suits you ... isn't that what TI is supposed to provide?
Trading room - and calling out trades. This might be just me but in the US index futures market trying to get onto a trade that is being 'called out' is an almost certainty of missing the entry, or at least getting set at sub-optimal price, if the 'system' is profitable there should be no need for following someone calling out trades ... maybe this is just an experience/confidence thing ... and that is fair enough if you are inexperienced ... Potential entries can be pre-loaded into the broker software prior to the triger ... if the trigger is hit then you are in, if no trigger then the orders are cancelled with one click on the mouse or one button.
Sorry for all the questions and comments Conpute, but it seems to me you have spent a lot of money, and are expected by TI to spend even more (don't do that), but I think a few of the members on this board could help you out with suggestions in improving your execution, setting the system up in a lower-cost charting package, and so on. You have spent a lot, but if you are happy with the basic system then you can move forward from here.