- #TS TRADE SETUPS MTPREDICTOR UPDATE#
- #TS TRADE SETUPS MTPREDICTOR ARCHIVE#
- #TS TRADE SETUPS MTPREDICTOR PRO#
ThinSlym Cleanse: a pill that is guaranteed to remove all toxins from the body and add an average of 10 years to your life.ThinSlym Weight Loss: a weight loss pill that is guaranteed to make body fat quickly disappear.Some of these network marketing, pyramid scheme type products have made some very dubious claims: It appears that prior to being promoted by NinjaTrader as “professional trading educators”, both Kimball Parker and Timothy Baggett were long-time network marketers promoting various pyramid marketing schemes. Once again, this is an estimate based on average losses per victim. However, I believe it would be a safe estimate to assume that total trading losses amongst all victims would range between 2.5 million and 5 million dollars. It is important to note that the reported losses from our interviews are self-reported and were not independently verified. In TradingSchools.Org interviews with victims, we tallied nearly $200,000 of self-reported losses. The CFTC revealed that one customer reported losing more than $100,000 from their live trading account. The average victim spent $2,952 with the company. The CFTC investigation revealed 289 victims were induced to spend a total of $853,294 for the fraudulent trading system and live day trading room. Though this is of little consolation to the victims of the fraud, it is at least a small victory to know that NinjaTrader is taking a more active stance on safeguarding customer relationships. Though I cannot comment on exactly what that means, I am 100% confident that they understand that changes need to be immediately made. In a private conversation with NinjaTrader, my sense is that they are actively in the process of reevaluating the NinjaTrader Ecosystem. NinjaTrader replied that based on their method of continued vendors audits that occur post-listing, the vendor had been removed from the NinjaTrader website on or about April 2015. TradingSchools.Org reached out to NinjaTrader Brokerage/Ecosystem and requested comment regarding the allegations of fraud by the CFTC. Or at the very least, had vetted the company or had an established relationship with the company. In speaking directly with victims of the fraud, the underlying argument was that since NinjaTrader Brokerage/Ecosystem had actively promoted through a business listing and a NinjaTrader Brokerage/Ecosystem webinar…this implied that NinjaTrader was implicitly endorsing the company.
#TS TRADE SETUPS MTPREDICTOR PRO#
Join us as we welcome Kimball Parker of Make Your Future to our Trade Like a Pro webinar series June 17th at 4:15 PM Eastern time. Trade Like a Pro with Kimball Parker of Make Your Future – 6/17/14 The following is the marketing and promotional headline that was used by NinjaTrader Brokerage/Ecosystem: The victims also described a webinar that was promoted by NinjaTrader on June 17, 2014. In interviews with several of the victims, it appears that the genesis of the fraud began with a listing on the NinjaTrader Brokerage/Ecosystem website. Prospective purchasers of the system and the live day trading room uniformly described how they were enticed by supposed “100% verifiable trading results” from a “verifiable futures trading account.” The following are several copies of spreadsheets that were used as marketing materials to sell the product. A rash of complaintsįrom February 2015, to as recently as September 2016, TradingSchools.Org received a total of 11 customer complaints alleging fraud. The cost of the “live day trading room” and trading system ranged from $1,995 to $2,995, with an additional $150 per month in licensing fees and live trading room access. The business recently operated a “live day trading room” that specialized in trading the Emini SP500 futures contract, and also offered a “Robot” trading system that could be auto-traded using NinjaTrader via broker direct connection. What was selling? The business is owned and operated by two individuals: Kimball Parker of Lehi, Utah and Timothy Badgett of Lakeland, Florida.
#TS TRADE SETUPS MTPREDICTOR ARCHIVE#
The website has recently been pulled from the internet, but an archive copy of the website can be found here.
#TS TRADE SETUPS MTPREDICTOR UPDATE#
Thanks for reading today’s update of Changes TradingĪnother day, and yet another “live day trading room” and trading system vendor is shut down by the CFTC. An "auto trading Robot" that inflicted massive losses on investor accounts.
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