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  • #11,861
  • Dec 21, 2019 2:12pm Dec 21, 2019 2:12pm
Quoting deltaone
a new scammer around: https://www.forexfactory.com/showthr...0#post12669380
Not exactly a scammer since everybody knows that the end of the US bull stock market is near but when nobody knows. Fake news?
  • #11,862
  • Edited 9:17am Jan 3, 2020 8:30am | Edited 9:17am
This is my answer to Nick from "Trader Education - The Bigger Picture, A Complete Course", obviously I can not answer in Nick's thread anymore.

https://www.forexfactory.com/showthr...3#post12686503

So here we go:

Nick claims he/CleastreamFX created indicator combo (see on the left hand side of the attached picture) that should show data based on "institutional volume aggregator" feed. Interestingly enough I was able to replicate very same thing with free regular ZigZag even on default settings and with modified TickVolume oscillator. Ok my version on the right hand side is not so nice in terms of coloured rectangles, but simple ZigZag finds the very same cycles (in form of zigzag points in mine part) as Nick's institutional volume CycleTrader.

Please compare both parts and find any difference. Nick's CycleTrader on the left, mine on the right. Compare particularly Rectangles vs. ZigZag points. See?
My "institutional" volume feed oscillator aka FlowTrader is not exactly similar as Nick's, as I do not have access to any of such thing at all, but I guess that Nick either, because it's so similar and close enough in shapes, that it's only matter of tuning several parameters.
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  • #11,863
  • Edited 10:19am Jan 3, 2020 8:47am | Edited 10:19am
Nick also just added comment on the difference between the same shapes of his overpriced FT43 and mine "free" downloaded from here.


But these differences are only in colors! He compares his yellow with mine dark green and claims my color is wrong. It's not wrong, it's the same as
yours Nick, it's just different color! It's just matter of indicator settings. Have you noticed white background on mine version? Is it also wrong? No, it's just different colour meaning the very same thing.


Give me some time, I'll change colors on my replica of "FT43" indicator and gonna paste it here.

Also can you Nick comment on FlowTrader above? On similarities of your "proprietary volume aggregator" and my simple ZigZag and TickDiferrence indicator showing very same thing at the end?
  • #11,864
  • Jan 3, 2020 9:38am Jan 3, 2020 9:38am
@Trader-Doc -> I do not say that Nick can not trade or the strategy is utterly useless. I just blame him from selling free stuff overpriced, that's it.
  • #11,865
  • Edited 12:44pm Jan 3, 2020 9:43am | Edited 12:44pm
RE: https://www.forexfactory.com/showthr...5#post12686655

"The obvious is that when it's not freely avail, people do all sorts of things to get it free. Heck, just a year ago, I had someone die and come back to life to try and
get it for free. AND IM NOT kidding." -> I do not seek for free lunches. I just want to be treated fairly. I do not want to pay for free stuff, as anybody else. Why the heck I would, when I already found and got the real/genuine source of FT43, right? I must thank you for it, I was not aware about GRAB before you brought it to my attention The colorful charts are so tempting for newbies, is not it? Easy money....

Actually what I meant to express, is that Nick sells free stuff pretending they are built upon some institutional volume data feed. That's evident it's not true as I already proved for all of the ClearStreamFX's indicators.

Any comment on the FlowTrader and CycleTrader above? I guess he'd say these are also completely "different"?

"Hence the perfect illustration of how grab candles are green in the big drops.. umm moving average.. amateur hour" -> actually not, it's wrong claim. And Nick, you know it, you are smart guy. You just interpret the picture in your favour, right? The colors are different the meaning is the same. The green you are referring to is DarkGreen and its meaning is different from Light Green. LG means up and bullish, DG does not mean Bullish at all, it means the same as your "Yellow"-ish. Shift in "volume" as you said. The same difference in meaning applies to Red and Maroon.

"It's a fun story of reading people's intentions!" -> what is not funny though are people with deceptive intentions.

Selling free stuff is not good idea. It'll be exposed sooner or later.

Good Times.
  • #11,866
  • Jan 3, 2020 11:42am Jan 3, 2020 11:42am
Quoting mcquak
RE: https://www.forexfactory.com/showthr...5#post12686655 "It's a fun story of reading people's intentions!" -> what is not funny though are people with deceptive intentions. Selling free stuff is not good idea. It'll be exposed sooner or later. Good Times.
Exposed is not enough people that do that should be taken to court for theft … I guess I'm dreaming
  • #11,867
  • Jan 3, 2020 3:21pm Jan 3, 2020 3:21pm
Gosh. I should have done proper due diligence before spending my money on Nick's course. Lesson learnt.

Thanks @duxis for point this out.
https://www.forexfactory.com/showthr...4#post11807524

So to wrap up on positive note, Nick is very competent presenter/seller.
  • #11,868
  • Edited 4:25pm Jan 3, 2020 4:11pm | Edited 4:25pm
Quoting mcquak
Thanks @duxis for point this out. https://www.forexfactory.com/showthr...4#post11807524
I won't participate anymore in a technical debate between you and Csfxtrading. I would have kept silent if you haven't been banned immediatly.
It's sad , now his name : Nick Vendetti, CSFX is associated with this scammers thread and it's entirely his fault by infringement of freedom of expression. .


Postscript :

@Csfxtrading, hey buddy ! you banned me too ? i don't fucking care , each ban is a trophy for me.
take care.
  • #11,869
  • Jan 3, 2020 4:58pm Jan 3, 2020 4:58pm
It happened to me on the very first day. When I raised a question, he has immediately blocked me. @tuantm and @pipfarm have quoted my message and raised the same question. They were also blocked immediately.

There was a huge recommendation and support from @mcquak, hence I kept silence
  • #11,870
  • Jan 4, 2020 2:26am Jan 4, 2020 2:26am
Quoting cutevedha
It. There was a huge recommendation and support from @mcquak, hence I kept silence
Yeah, I was wrong and hence I made the post in the thread about my findings in o der to redeem my sin
  • #11,871
  • Jan 4, 2020 4:05am Jan 4, 2020 4:05am
Quoting mcquak
Actually what I meant to express, is that Nick sells free stuff pretending they are built upon some institutional volume data feed. That's evident it's not true as I already proved for all of the ClearStreamFX's indicators.
I am not familiar with his indicator, but curious - wherefrom he gets institutional volume? Might be a hard challenge as a lot of it is traded by phone (still) and eventually registered thereafter. Add to this: bank trade secrets and easy access to their volume/systems real-time (highly unlikely for example due to security reasons). So every edge this indi gives might be worth.. theoretically nothing.

However, this doesn't mean that this indicator is worthless, even with impartial data or using some proxy estimation (even with moving averages) he can find small patterns worth exploiting (I mean profitable) just mischaracterizes them as derivatives of volume for marketing purposes. If so this is a problem, but that's another story.
  • #11,872
  • Edited Jan 5, 2020 4:35am Jan 4, 2020 5:31am | Edited Jan 5, 2020 4:35am
Quoting Fred-IV
{quote} I am not familiar with his indicator, but curious - wherefrom he gets institutional volume? Might be a hard challenge as a lot of it is traded by phone (still) and eventually registered thereafter. Add to this: bank trade secrets and easy access to their volume/systems real-time (highly unlikely for example due to security reasons). So every edge this indi gives might be worth.. theoretically nothing. However, this doesn't mean that this indicator is worthless, even with impartial data or using some proxy estimation (even with moving averages)...
Fair enough.
To me selling ZigZag tick volume breakout course based on misleading allegations of institutional volume feed aggregation is not marketing at all.
Charging 375$/month per slightly modified but free GRAB indicator is not marketing either. I can think of more suitable words for such activities than marketing !

Having 30 years of trading experience as he claims he has got, he could easily present his equity curve for marketing purposes nothing more. But if this would be the case then no fake indicator required for marketing. Think of it.

https://www.forexfactory.com/showthr...8#post12686498
  • #11,873
  • Jan 4, 2020 5:55am Jan 4, 2020 5:55am
Quoting mcquak
{quote} Fain enough. To me selling ZigZag tick volume breakout course based on misleading allegations of institutional volume feed aggregation is not marketing at all. Charging 375$/month per slightly modified but free GRAB indicator is not marketing either. I can think of more suitable words for such activities than marketing ! Having 30 years of trading experience as he claims he has got, he could easily present his equity curve for marketing purposes nothing more. But if this would be the case then no fake indicator required for...
I was trying to be kind to him. Every sane person having such good indicator would soon be a millionaire. Or at last, can show his equity curve from 1000 - 10 000.

But I understand he can't? It means that regardless of the source of data being institutional or not the indi does shit.
  • #11,874
  • Edited 8:42am Jan 5, 2020 7:42am | Edited 8:42am
Quoting Fred-IV
{quote} I was trying to be kind to him. Every sane person having such good indicator would soon be a millionaire. Or at last, can show his equity curve from 1000 - 10 000. But I understand he can't? It means that regardless of the source of data being institutional or not the indi does shit.
That's good approach. Be careful and do not make him angry otherwise he will tell on you. He is unbelievably childish.

https://forums.babypips.com/t/volume...desk/264076/18

BTW he also blame me for "hacking" because his super duper volume aggregator license server found out my credentials were used from several different IP addresses.

I did not know that using VPN client would make me a hacker! It opens new horizons to me
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  • #11,875
  • Jan 5, 2020 10:06am Jan 5, 2020 10:06am
Quoting mcquak
{quote} That's good approach. Be careful and do not make him angry otherwise he will tell on you. He is unbelievably childish. https://forums.babypips.com/t/volume...desk/264076/18 BTW he also blame me for "hacking" because his super duper volume aggregator license server found out my credentials were used from several different IP addresses. I did not know that using VPN client would make me a hacker! It opens new horizons to me {image} {image}
Revealing personal data by a business representative might be considered an offence in several legislations, if his firm is based in the EU ha can be fined, I can check this.

I have not analyzed his approach deeper and I am not sure if something there can be regarded as a misdemeanour or maybe a criminal offence, but I don't think so -on the surface. The question remains about the source of real-time tick volume, if it really comes from (several) bank systems then is this legal? Of course, police can check this routinely, regardless where his firm is based - if someone has any doubt about it. I don't advise that though, for several reasons, one that 300 dollars not being a significant sum. Btw fines from GDPR violations can be as high as 10 mil euro, and of course, you can claim compensation too.
  • #11,876
  • Jan 5, 2020 10:21am Jan 5, 2020 10:21am
Quoting mcquak
{quote} That's good approach. Be careful and do not make him angry otherwise he will tell on you. He is unbelievably childish. https://forums.babypips.com/t/volume...desk/264076/18 BTW he also blame me for "hacking" because his super duper volume aggregator license server found out my credentials were used from several different IP addresses. I did not know that using VPN client would make me a hacker! It opens new horizons to me {image} {image}
From his answers in BPips:

"The architecture of the ECN’s gives you the answer to eliminating 95% of the spoofing or fake orders which hit the market. It’s safe to completely ignore them." - Not true at all, quite funny.

"Volume isn’t available for retail traders but if you aggregate volume (put all the ECN’s into one limit order book database) you can easily use that to see where volume is going. It’s EXPENSIVE and it takes A TON of work to filter out the noise and redundancy but…"

The volume will not be complete for sure. Noise and filtering? Gimme a break, filtering noise in real-time, this means if it is done (I doubt) that some of the tick volumes needs filtering = removing. This imho proves that these data are shit or partially are shit (if it really exists at all). It might be data taken from one broker and used for something, not complicated, nor expensive.

But the sweetest part: "I have taught thousands of traders but unlike some of the quasi mentors - you wont see ANY historically lagging studies with me." - from BabyPips too.

From these thousands, we would like to hear maybe 20, maybe 30 opinions. It is a modest request I suppose. maybe this indicator is valuable, I don't know. I would like to see some verified opinions.
  • #11,877
  • Edited 2:22pm Jan 5, 2020 12:08pm | Edited 2:22pm
Quoting Fred-IV
{quote} Revealing personal data by a business representative might be considered an offence in several legislations, if his firm is based in the EU ha can be fined, I can check this.
He already removed my personal data from the thread. And yes, I flushed 325$ into the toilet with his "course" (payed for simple ZigZag breakout strategy). It was my personal decision and I take it as my responsibility, I should have made dues diligence properly. He also lies about refunding me as I have not seen a cent from him or ClearStream.

Quoting Fred-IV
{quote} I have not analyzed his approach deeper and I am not sure if something there can be regarded as a misdemeanour or maybe a criminal offence, but I don't think so -on the surface.
I have. I have had my "CycleTrader" i.e. common ZigZag running side by side with his (see screenshot in on of my previous post). The rectangles on his CycleTrader were drawn and got repainted "exactly" on the same tick as mine ZigZag with default settings. Like Swiss watches. Actually when I saw this for the first time I realized that all that "institutional" bait is lie, because on 1 minute TF it can not be just coincidence. I sent the screenshot to him asking how it is possible, but he only replied with some usual bollocks about coincidence.
I'm not layer so I can not tell either if it's criminal act or not. But it's very immoral for sure.

Quoting Fred-IV
{quote} The question remains about the source of real-time tick volume, if it really comes from (several) bank systems then is this legal? Of course, police can check this routinely, regardless where his firm is based - if someone has any doubt about it. I don't advise that though, for several reasons, one that 300 dollars not being a significant sum. Btw fines from GDPR violations can be as high as 10 mil euro, and of course, you can claim compensation too.
Exactly. His statement is interesting (see screenshot) he supposedly built up his business on re-selling (aggregating) institutional data feed which I presume breaches copyright and legal agreement with data providers, though I do not believe he has access to data from Bloomberg etc. because API and terminal are hell expensive and he runs only small bucket shop in caribic tax and regulatory paradise.
But if this is a case it could be interesting because institutions like Bloom, Reuters, EBS at al. they do not allow to either re-sell their data or sell any derivative work based on their data. I'm gonna try to contact some of them, describe the situation with Nick and his company and let's see how it goes. I believe that respective legal or compliance departments could be interested. I'm taking this particular case very personally because of all the insults and threating's he made against me.

Quoting Fred-IV
{quote} From his answers in BPips: "The architecture of the ECN’s gives you the answer to eliminating 95% of the spoofing or fake orders which hit the market. It’s safe to completely ignore them." - Not true at all, quite funny. "Volume isn’t available for retail traders but if you aggregate volume (put all the ECN’s into one limit order book database) you can easily use that to see where volume is going. It’s EXPENSIVE and it takes A TON of work to filter out the noise and redundancy but…" The volume will not be complete for sure. Noise and filtering?...
We won't see any longer term trading history. Neither his nor any of his student.

Anyways Karma comes after everyone eventually.
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  • #11,878
  • Jan 27, 2020 3:02am Jan 27, 2020 3:02am
Quoting braintheboss
{quote} Report him with a explanation what happened. You wait moderator reclaim you proofs and he will be banned. And as look other member had same problem then comment this too for show is common scam behavior
Hi, I searched but couldn't find and how or where can i report him ? Thanks
The past is history, the future is a mystery.....
  • #11,879
  • Jan 27, 2020 4:53pm Jan 27, 2020 4:53pm
Quoting mnamarian
{quote} Hi, I searched but couldn't find and how or where can i report him ? Thanks
You have to send a pm to the FF moderator Twee.
  • #11,880
  • Feb 1, 2020 9:44am Feb 1, 2020 9:44am
M I a scammer ?
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