Smart Charts

[jpmdriven]

Hi john, this is AJ, i also signed up for the workshop for this november. but now wondering if i could get back what i paid for.

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

[fcaldas]

I attended a Learn To Trade seminar in April where we were supposed to be live trading under the tutelage of professionals. Before I went I checked there were no out of pocket expenses and they assured me there was none. Because I wanted to live trade on the day I did need to fund a trading account obviously, which I did, and the funds were confirmed to be available.
The day of the seminar I was told I had to buy a smart chart subscription to live trade. I was really annoyed about that because I’d especially checked that no such requirement existed. But I signed up. The day was a total waste of time because we didn’t even do any live trading… And the money was not available in my trading account either.
I cancelled my subscription to smart charts with their representative before I left. He told me it would take 30 days, so had to pay for the month’s subscription no matter what.
SIX MONTHS LATER they are still continuing to deduct subscription fees, even though I have email confirmation the subscription is cancelled. So every month I have to lodge a new dispute with my bank

Hi folks,
Anybody know about the Smart Charts software ?

Anyone tried it ?

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!!

[fcaldas]

Hi, I too have signed up for the course on 12-14th Nov.
From what i remeber on the sign up form you have until 5pm on our first day to inform them that you want a refund.
My feeling is that the first day will be a ‘selling the dream’ type day and be told to watch the locked video on the usb as home work. I have actually watched part 2 and it just goes over in more detail in on how to use the software.

I also belive that on the form you sign it is part of the terms and conditions that you don’t talk about the course which could be the reason why every one goes quiet and you can’t see anything online about it.
What i will say/ risk saying (I haven’t attended yet) is that i went to the free workshop knowing that they would try to sell you the course and i was prepared for that.
I have in the past been in a position where i have made £1000’s per day, only to go and lose everything because of greed.
I have faith that LTT will teach people an understanding of forex and if you understand the basics then you will pick up a few things even on the free workshop.
HOWEVER, it is no magic wond.

What i aim to acheive from the 3 days is to build on the belife that i can stick to the system, stick to 1-2% risk and not become a gambler like last time i traded.
For myself this is why i see value in the software, it wont allow you to trade if the conditions are not suitable, it works out your TP/SL to your risk ration and indicates good times to enter the trades. It will also stop you trading if a big news event my be soon that you may have missed.
These features can be worked out manually on, however, i hope that it will stop me trading too oftern and trading on the fear of missing out.

I know my biggest problem is that i spend so much time looking for a trade and end up placing trades just to enter the market rather than wait for the correct conditions.
If attending the course can correct this then it will be worth it for myself.

Areas of consern though are that the course is on the weekend so everything will be on recorded charts, which its easy to point out whats going to happen when it has already happened.
That leaves us with the Monday for live trading.
Now after watching the part 2 of the usb video, most of the information/systems are based on the daily chart and one of them on the 4 hour chart, so i wonder how much live trading we will actually get to place.

I feel that if we attend the course thinking that its a scam then we will come away thinking just that, however, if you work out what you aim to acheive and gain from the experince then it will be worth while.

At just under £2500 its by no means cheap and i considered putting that money straight into a trading account and trying to learn by myslef, but its true what they said in the free workshop, You have probably read many different forex stratagies/books/systems and still unable to make money. We then tend to think the system doesn’t work, when infact its us that causes it to fail. We over complicate things because it doesn’t feel right when you make money easily, you begin to feel that it is just luck.

So in summury,
Is the course worth the pricetag? for some yes, and for LTT as a business they can charge that price because people will pay it.
Will they show you how to make money in forex? yes
Is it going to make you rich? thats down the the individual
Have people done it and made money? yes
Should you do it and take the risk? This will be different for each individual, however, the fact that you are looking and considering the course probably means that life hasn’t been great to you, you maybe a little hard up or just fed up working your guts off at your job. If you go on the course and you ‘lose’ your money then your life will not change much, you will get by. If you compare that to the potential up side, even if there were a small percentace chance of changing your life then surley its worth the risk.

I would be interested to know what others thought are on this? :53:

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

[Purplerain]

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 that…fund live trading acc, minimum $2000 if you want to attend the 3rd day. After that pay for smart charts…if you want to cancel its a mission. You’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

[fcaldas]

So here’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 you’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 - you’re wrong. I’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 won’t make you profitable.

My last seminar with these guys were my last. They bring one of their “executives” 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 I’ve been trading since Oct 2016, so I don’t know much - but I am studying).

I am now trying to cancel Smartcharts here, but thought I’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 you’re comfortable with the instruments, with your strategy, with your discipline. Then, move to live trading.

[Formadom]

I paid £1917 for LearnToTrade’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 £400 - £500 is realistic.
After signing up and getting through the educational material, I realized that I would have to pay around £75 on a monthly base. Based on the initial profit % of 4%, this should mean I would at least need £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

[FettyTheBunny]

Hi I recently paid the initial deposit (non refundable they say) for their “discounted “ course I feel so bad because after doing research I believe I’ve been fooled. The course I’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 course… I was wondering if I could just not pay the rest and not go? (But I’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)…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 course… I’d appreciate a reply very much I feel manipulated and need help io

[benj55]

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.

[PRIDEX]

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

[axelyeser]

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

[DottieMon]

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.

[Shaungliddon]

Can only use certain brokers with this though?

[Rataplan]

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 ‘granted’ access to ‘Smart Charts’. I stopped using it as it did not suit my purpose.

Smart Charts adds another user interface (screen/window) to MT4, called a ‘Strategy scanner’, where you see the different strategies (you paid for) and rows of currencies pairs. If a currency pair is ‘ripe for a trade’ the pair would be highlighted in green (now white in the new version). You’d click on it, jump to the chart for the strategy and currency pair, and you’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 you’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 ‘Strategy’ 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 doesn’t hide that the same ‘strategies’ 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 ‘proposed’ triggers, and it failed to produce a positive outcome. Promptly the instructor showed us a study by an actuary showing that… no just kidding. It was followed by a long awkward silence before the teaching banter continued as if nothing had happened. (Note: I don’t know what currency pair he used to test, time frame or duration he used)

The questions YOU have to ask are:
“Am I happy to run with training wheels at a cost?”
“Do I want limited information, or would I like more information before I hand over my money?”
“Does my risk management strategy include a section that accounts for indicators I don’t understand or know how the code was built?”.

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 fog…
(And honestly, I can see no reason why they can’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 ‘Partner Agreement’ at the very bottom of the Smart Chart webpage for more information.

[Micool]

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 £2,400.00 with a monthly fee for smart charts of £60.00.

Personally, I wasn’t happy with the £60 monthly Smart Charts cost because I didn’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 £10,000,00 inhouse further course which started at £20,000 then dropped to £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 didn’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 didn’t get any useful info from him all he did was try to push the £10,000.00 course on me again, I didn’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 don’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 didn’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 it’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 can’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

[Eduinfernando]

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.

[DjChris28]

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. I’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.

[tommor]

Would it work better on indices also?

(never heard of this software)

[jwlr]

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

[jwlr]

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.

[Brackwom]

I never tried because its price is too high.