So I'll be honest. I bought access to the previous discord service (it was probably called EM-Service, I don't remember exactly) where it grouped all paid groups into one discord server. The result was that there were too many channels and no proof of profitability. you had about +100 messages a day, impossible to manage. more than half of those groups were dead, not functional waiting to be fixed, the messages had a considerable delay, which means that they were untradable. I add that at the time Timo was abandoning the project to offload the responsibilities to another team of guys. (I don't judge that new team's service because I don't have enough history to do it, maybe it's changed). However, too many channels put you in a condition of not knowing which one to choose. Example channel X calls a long, channel Y calls a short on the same coin, what do you do?
Now, I'm a long time trader, a real life developer with statistical background. more than a year has passed since the beginning of this indicator (EM Indicator). To date, nor on the official channels, I don't see any table with statistical data for the whole year of how this indicator works, which is necessary if you decide to work in finance, right? the only available table reports values without any proof. i mean also i can create a table and make it available saying i am profitable. how to have proof of what you write? the graphs of the indicator report absurd values but only because they are calculated with leverage. Example: in many images it marks the label "Peak Profit", but how can I ride this signal if I will have that label only at the close of that candle? so I will always be one candle late. I did some backtesting on the charts that Timo shares in the official telegram group. each position on average has a drawdown of around 6% against irrelevant take profits. The risk reward ratio does not exist. would you ever enter a trade where you risk your entire position for minimal profit? If you trade consciously the answer is no. if you apply leverage to that drawdown you will probably be out in a few candles.
Obviously there is no Stop Loss system. All charts shared on Telegram are profitable, which is impossible, how can an indicator not have losses? if that were the case Timo and his team would have a reserved seat on Wall Street, I've never seen anyone share a loss. so I see little transparency with customers.
Final conclusions:
-Timo could change his conditions over time, see drastic change in price, abandonment of the project to move to other projects etc etc.
- No traceability of how the indicator works, no empirical evidence. So it's like I'm talking about nothing.
- Relying on a simple strategy that you find on the TradingView Library could prove profitable, if nothing else you start with +500 $ (or how much a subscription costs now)
I take full responsibility for what I wrote and said, I hope that users who read this comment before purchause his services will open their eyes and analyze everything in a rational way, before thinking about the money you could make, think not to lose.
Read this report: https://www.nulled.t...report-on-timo/
I remain available for civil discussion
PS. this is not a sponsored review lol
Edited by S1rut, 24 January 2023 - 03:36 PM.