Smart Charts

Hi AJ, Did you make a refund or are you going on the November workshop?

I went to their 2 hours seminar where the up sold everything they could and I was not believing the whole thing. I did some search of Greg Seckher and found a lot of bad reviews on the dude. Very glad I am not going to join Learn to Trade and waste $5k!!

Have you attended the course already? If you did, mind posting your opinion about it?

Never in my life have i felt so helpless!! Smart charts will not make you gain any profit whatsoever!! After attending learn to trade, everything else was a surprise after thatā€¦fund live trading acc, minimum $2000 if you want to attend the 3rd day. After that pay for smart chartsā€¦if you want to cancel its a mission. Youā€™ll be told this and that. Its been two months i havent used the software but am paying for it still! My problem is not smart chart alone but also learn to trade! Theyve fooled a lot of people i must say R25k down the drain for nothing. Dont make the same mistake

So hereā€™s my experience with Learn to Trade: STAY THE F*CK OUT OF IT.
Been to three seminars now. Too much bull crap, too little trading.
Smartcharts? If you really think youā€™re going to be profitable by using a system that costs USD89/month that throws at you flashing green lights telling you to buy/sell - youā€™re wrong. Iā€™ve been using Smartcharts for two months now as a test and, congrats to the developers that made the software, everything works quite well. But it wonā€™t make you profitable.

My last seminar with these guys were my last. They bring one of their ā€œexecutivesā€ and this tool is telling us how we are all going to be making 9% profits per month. Show us a how bunch of videos they recorded with students allegedly financial free and making some good bucks.

In front of us, three contracts laid on a table. Three moet chandon bottles. Three fcking red roses. How fcking cliche is that??

The price of their one year trading course: 80 f*cking thousand dollars!!! But wait!! Because we are SOOOOOO special, they are going to sell the course to us for just 25 thousand dollars.
I wanted to vomit.

So that last seminar was a full day live trading. Terrible. I learned nothing (and Iā€™ve been trading since Oct 2016, so I donā€™t know much - but I am studying).

I am now trying to cancel Smartcharts here, but thought Iā€™d leave my 2 cents for you guys.

My suggestion: buy books, read everything that is free and available online, learn from other peers, find yourself a mentor you can actually trust. But, all in all, learn all by yourself! Demo trade for months, if not years, until youā€™re comfortable with the instruments, with your strategy, with your discipline. Then, move to live trading.

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I paid Ā£1917 for LearnToTradeā€™s trading course. The guy who sold it to me over the phone was very pushy and I currently regret my decision.
The goal is to make trades using 10% of your whole capital. Your goal is to reach a profit of 4% in your first month. The guy through the phone said that people use different starting levels of capital. He assured me that Ā£400 - Ā£500 is realistic.
After signing up and getting through the educational material, I realized that I would have to pay around Ā£75 on a monthly base. Based on the initial profit % of 4%, this should mean I would at least need Ā£1875 in order to reach break-even. This was completely nuts so I wanted a refund.
I never received a refund and they are completely ignoring my emails know.
I

Hi I recently paid the initial deposit (non refundable they say) for their ā€œdiscounted ā€œ course I feel so bad because after doing research I believe Iā€™ve been fooled. The course Iā€™m supposed to attend is in a month from now and I have an outstanding balance left in order to be fully paid and able to go to that 3 day courseā€¦ I was wondering if I could just not pay the rest and not go? (But Iā€™m afraid I read something now in their terms and conditions that they have the right to get the remaining balance from my debit card)ā€¦How do I get away with not paying the rest? Also does this mean I already have a subscription to that smartcharts software even if I now have zero plans in going to their scam courseā€¦ Iā€™d appreciate a reply very much I feel manipulated and need help io

Hi jpmdriven! May i ask how the program of learn to trade helping so far? Are what they teach legit, helpful and effective? Can you trade successfully 75% of the time, reliably, if you follow thier strategies and techniques? Would appreciate your feedback.:slight_smile:

good morning sir i paid already 10 thousand pesos for this seminar but im having doubts about this seminarā€¦do i still have to pay for the remaining if i plan to forfeit from this seminar? is this a better option

Same thing happened to me. I hope that someone from here help us how to make refund effectively without resorting to legal action against LTT thank you so much

Hi @PRIDEX, would like to ask if you got a refund or pushed through with the course. Hope you could help as I did pay initial fee also. Would appreciate your guidance on this.

Can only use certain brokers with this though?

Yes, I used it a few years ago in 2017. It was promoted as part of the training we received. I dutifully paid my monthly fee and was ā€˜grantedā€™ access to ā€˜Smart Chartsā€™. I stopped using it as it did not suit my purpose.

Smart Charts adds another user interface (screen/window) to MT4, called a ā€˜Strategy scannerā€™, where you see the different strategies (you paid for) and rows of currencies pairs. If a currency pair is ā€˜ripe for a tradeā€™ the pair would be highlighted in green (now white in the new version). Youā€™d click on it, jump to the chart for the strategy and currency pair, and youā€™d find some indicator, like an arrow, an entry point, SL and TP points. Ready for you to click the trade button. No need calculate your SL, you like what you see and are scared to miss the trade? Press the button and take the trade you top trader!! Of course youā€™d run through your trading plan checks and all that complexity from top to bottom. Wait too long (especially in short time-frames) and you could not take the trade with the proprietary button. The software also has additional functionality such as a trading journal (possibly the single most handy piece in the software - missing the ability to add notes) and news links. In 2017, the training videos ran badly but more than likely Smart Charts has fixed that issue. The learning section seems to have received more of an overhaul than the actual strategies.

So what drives these delightful highlights on the Scanner page?
Well, just like Bollinger Bands are visible in MT4 because of a set of code, so is each ā€˜Strategyā€™ is custom MT4 Expert Advisor code running through a set of pairs, activating a warning where certain parameters are met. Some strategies/indicators are said to be for trending markets, some for sideways markets, some for shorter or longer time-frames. On the website I can see that the Smart Charts 2 interface got a glamour work-over, but the transformational lipstick doesnā€™t hide that the same ā€˜strategiesā€™ are promoted.

Are these strategies/indicators effective? In short, what are the specs? Before you buy the Smart Charts product it is hard to tell what they do, nor can you back-test the things without properly knowing the code behind them. There are no specifications that states: Between dates X and Y, for pair AUDUSD, the strategy gives you this curve, and here is the trading plan that was used to produce this outcome. Its a black box. These are NOT Expert Advisor (EA) robots, these are indicators.
One student trader spoke up in class telling the instructor that he back tested a strategy and its ā€˜proposedā€™ triggers, and it failed to produce a positive outcome. Promptly the instructor showed us a study by an actuary showing thatā€¦ no just kidding. It was followed by a long awkward silence before the teaching banter continued as if nothing had happened. (Note: I donā€™t know what currency pair he used to test, time frame or duration he used)

The questions YOU have to ask are:
ā€œAm I happy to run with training wheels at a cost?ā€
ā€œDo I want limited information, or would I like more information before I hand over my money?ā€
ā€œDoes my risk management strategy include a section that accounts for indicators I donā€™t understand or know how the code was built?ā€.

Remember, randomness of price movements and outcomes limits the ability for historically reliable charting indicators to always work or allow traders to continuously make accurate assessments on price movement. And when you have no clue what you indicator does, you may as well drive in dense fogā€¦
(And honestly, I can see no reason why they canā€™t tell students what the things do, and what combo of indicators it uses, it would increase confidence in the product)

If your trading education outfit wants you to use Smart Charts, then more than likely they will be an affiliate of Smart Charts. Click on the link called ā€˜Partner Agreementā€™ at the very bottom of the Smart Chart webpage for more information.

Hi, Guys,

Just thought you would like to here my experience regarding Learn to Trade. I attended their two-hour presentation last year in a hotel in Watford, I signed up for their three-day course at a cost of just shy of Ā£2,400.00 with a monthly fee for smart charts of Ā£60.00.

Personally, I wasnā€™t happy with the Ā£60 monthly Smart Charts cost because I didnā€™t think being a novice having the use of that software was to early due to my lack of knowledge.

I attended the course in Fulham London and I felt that it was rushed, we got two days of condensed training and the third day we were filled up with pizza and sent packing.
The main aim of the course was to sell their Ā£10,000,00 inhouse further course which started at Ā£20,000 then dropped to Ā£10,000, I could not afford that at that time and as far as I was concerned, they turned resentful and I was left feeling ignored and blanked.

Along with the course is a three half hour one to one mentoring held at their Fulham office, I was advised to book a one hour session for the first visit, I did but when I got there the place seemed empty, only the receptionist at her desk and no one in the offices, trading or training rooms, I got the impression that they didnā€™t prepare for me and I had to wait forty minutes until they found someone to mentor me, when he finally turned up the session was held in there trading room which I felt was inappropriate, I didnā€™t get any useful info from him all he did was try to push the Ā£10,000.00 course on me again, I didnā€™t bother booking the last half hour because I though it would be a total waste of my time.

I tried to cancel my subscription to Smart Charts but was unable to, I ended up cancelling my credit card in order to stop it.

Regarding Greg Secker, he might own Learn to Trade but I donā€™t think he knows how they are trying to pressure people into taking their overpriced training. I think if he did, I would be surprised if he didnā€™t deal with it, because to me, he looks like a pretty honest chap.

You all should check out his content on YouTube, it is excellent, he is a very good tutor and has helped me to start making money on the forex instead of losing it.

I personally feel that the Learn to Trade three-day course is a waste of time and definitely not value for money, you can get all the information from their course for free online. Stupid me was expecting to leave that course due to itā€™s high cost to at least be able to trade with some skill, I did not.

Their sales tactics is insulting and pushing their even more overpriced further inhouse course on people who canā€™t even tell the deference between a candle and an OHLC bar putting them into even more debt that they are probably in already is as low as it gets.

Hope this helps someone from being scammed like I feel I was.

Michael Celine

I found SmartCharts to be effective software that can prove to be very helpful with conducting the real time analysis of your trading performance. While using it I have also found that it is quite supportive in minimizing the chances of errors which is possible while conducting the trading analysis.

This software is a scam. I actually wrote the 180 phase changer strategy in Meta trader 5. It loses money over 5 years in a backtest. Iā€™m running a backtest optimizer on it to see if I can find any setting that produces profit consistently but not having much luck. I will happily post a youtube video of my findings to prove it. I believe the strategies may work on more trending currency pairs like bitcoin only. But normal forex, no.

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Would it work better on indices also?

(never heard of this software)

You get this when you enroll with Learn to trade for $4,000.00. But itā€™s only for the license to use it. Thereā€™s an $89 subscription fee.

I feel the same way. I am currently in the 3 day course and for some reason I really felt that the course was really overpriced.

I never tried because its price is too high.