Trader Makers Review

Trader Makers
  • Honest
    (5)
  • Quality
    (5)
  • Cost
    (1)
  • Verifiable Trades
    (5)
  • User Experience
    (5)
4.2

Trader Makers

A true scalping room. Moderator is a very good trader. All trading is real and verifiable. DOM always present. Clear entries and exits given. A beginner can easily copy all trades. Trading takes place usually less than one hour per day. No free trial period. Expensive at $400 per month and $3300 for the mentorship, with indicators and course.

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User Review
2.21 (52 votes)
Comments Rating 1 (1 review)
Pros: Verified trading. Consistently profitable. Very clear entries and exits given. Multiple years of positive track record. No BS limit order trading. Excellent for beginners. Excellent for anyone wanting to learn how to scalp for small profits and small losses.
Cons: Expensive at $400 per month and $3300 for the course. No free trial period. You will be spending a large amount on trading commissions.

The following review is for Trader Makers. A futures day trading room that primarily specializes in trading the emini russell futures and the emini crude oil futures contracts. This day trading room is owned, operated, and moderated by Gerard P. Reynaud. This day trading room typically trades the first 90 minutes of the trading session, the daily goal is $300 in profit, and daily loss limit was $300. This was based upon a single contract.

During the month of November 2014, I attended a full thirty day period. Gerard does not offer any free trials. However, I was able to negotiate a reduced rate to attend the room. Normally, the room costs $400 each month or $100 per week. I was very hesitant in spending a monthly fee to review the room, the vast majority of trading rooms are a complete waste of time but after watching several of Gerard’s videos, I decided to take a chance.

Throughout the month of November I was able to collect 32 hours of video recordings from the live trading room. On several mornings, the trading was finished within the first 15 minutes, we had hit our profit target and the day was done. Several other sessions lasted longer and the trading was choppy. Some days were extremely cooperative, some days we got whipsawed for losses.

During Week One, I assigned my assistant to trade on a simulator. She works from her desktop computer, on a simulator from the Philippines. If a non native english speaker from the Phillipines could replicate on a simulator, then there is a pretty good chance that anyone can replicate. Anyway, during week number one she finished with a gross profit of $800 and a total of 32 trades. All of the orders were entered on stop orders, no limit orders were used at any time. In addition to no limit orders, Gerald had his trade profits and targets preprogrammed with stop orders. The typical stop was five ticks per contract, and since we were able to preprogram the entries and exits, this made for very simple execution for my assistant. Our final results on a simulator were quite impressive. What I also found impressive was that Gerard, at the end of each day, would post his live results from both his DOM and from the control panel within Ninja Trader. These results were also promptly posted onto his blog for everyone to see.

Another thing that I found really impressive was that Gerard presents a very clean trading screen, and a trading DOM that also clearly shows exactly what he is doing. He also talks though the entire trade, from beginning to ending. After reviewing the video from week one, I was so impressed that I felt secure enough to jump in and trade my real money account.

Week Number Two…Real Money Trading

On November 10, 2014, I decided that I would attempt to recoup my monthly membership fee and trade my live money account. Of course, the trading gods did not smile on me. I took the trades and lost $200 on day number one. We took a total of 10 trades in the emini russell, gold, and oil. Kind of a bummer way to start my real trading with Gerard. But things started picking up.

On the 2nd day of live trading, I finished with $0 in profit on six trades.

On the 3rd day of live trading, I finished with $220 in profit from 10 trades.

On the 4th day of live trading, I finished with $160 in profit from 18 trades.

On the 5th day of live trading, I finished with $300 in profits from 8 trades.

For the entire week, I took a total of 52 trades and grossed $480 in profits. After commissions, I finished up $250 for the week. My trades matched perfectly with Gerard’s posted trades. For the entire week, I logged four hours of live trading. Some days, we traded for only a few minutes and were done.

Weeks 3 and 4, LIVE TRADING RESULTS

There were only four trading days on Week 3. I grossed $240 in profit on 32 trades. Net profit after commissions was $90.

On the fourth and final week of the month of November, there were only two trading days. I grossed a total of -$120 on 22 trades. Net after commissions was -$220.

At the end of November, my total results for live trading, after commissions and trading room fee’s was a grand total of -$220.

Conclusion Of Live Trading For November 2014.

After commissions and trading room costs I ended up losing $220 for the entire month. But this does not tell the whole story. Why? Because during week number one, all of the trades were taken with a simulator and these trades could of been real and verifiable trades with a net profit of $650. Theoretically, if all trades were taken for the entire month, then the net profit should of been $430.

The Bottom Line

Gerard Reynaud really does trade. Everything that happened in the room, the good and the bad was recorded. All trades could of been copied. He was very clear and concise with this trading. He was very open and honest about the results. No limit order nonsense or fake results. The guy puts it on the line everyday. And my impression is that he really cares about his students. With this being said, I really wanted to spend more time trading with Gerard and so I scheduled another trading week for the first week of January 2015.

Continued Live Trading With Trader Makers

On the week of January 5th through January 9th I paid for an additional week of Gerards trading room. My live, real money results were as follows:

January 5th: +$230 10 trades

January 6th +$200 8 trades

January 7th +$220 10 trades

January 8th +$120 12 trades

January 9th +$320 8 trades

Gross profit of $1070 for the week. After commissions I netted out $750 in profits.

What I Can Confirm

Without a doubt, this guy is the real deal. The posted trades are real and Gerard really does trade. No limit order bullshit fake trades that we see so much of. All of his trades, I was able to replicate. Though I have not spend a great deal of time reviewing his trades going back several years, I can definitely confirm that that time I attended and recorded the trades, I was able to replicate everything and there wasn’t the slightest hint of chicanery.

What You Can Expect

This is a scalping type system. Trades happen quickly. You will win quickly and lost quickly. Which is actually pretty nice. Nobody likes to be stuck in trades with a wide stop for hour after hour. The trading style is fun and lively. Gerard wants the trading to be fun and lively. All in all I have to say that I really liked the experience and I would definitely recommend that you spend a week in his room and attempt to replicate Gerard’s trades on a simulator, if you can show a profit, then attempt real money on weeks two through four. At the end of the month, if you liked the experience, then I would recommend taking the plunge and purchasing his mentoring and indicator package.

The Downside

It is actually pretty difficult to put together a list of things that I do not like. But here it goes…the biggest downer is no trial period. As much as I tried, I could not get any free time from Gerard. If you can get it, then good for you, I could not. The next downside is the number of trades and the amount of commissions that you will be paying to your broker. Gerard is an active trader. Make sure that your commission rate is capped at $1 each side or you will be spending a lot of your profits on commissions.

Well that’s it for now. Thanks for reading and don’t forget to leave your comments below.

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140 Comments
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Nadina S
Nadina S
1 year ago

I did this course a few years ago. Yes a nice guy. Private coaching included in the price. Even an exam before he “lets you loose”. Profit? None. Tiny gains. On bad days, lots of tiny losses plus commission. Waste of time. Not profitable overall.

Steve
Steve
1 year ago

Lol – Emmett, I noticed this review got removed from your website. Looks like Trader Maker’s changed their business model to selling software only? Did he have a blowup? Is he getting too stressed out with the responsibility of making profitable traders?

Nanotrader
Nanotrader
4 years ago

Is it a joke?

(1)

If you check this vender’s record, you will be laughing that how come this vendor could charge this high while just make freaking scalping and leave huge profit on the table. Did he have any proven setup that can lead profit big sum than just half point joke profit? Never seen. We can see some time vendor boast it only take 10min to reach target, but is it repeatable or just pure luck? What I see is just pure luck. If you are serious trader, you won’t expect such kind of childish hoax. Forget it man, this vendor is just a joke.

Did you find this review helpful? Yes No

Chris
Chris
4 years ago

I fail to see how this can be profitable using Ninjatrader. Looks like 30% of profits are eaten up by Ninjatrader’s fees, and another 30% are taken by taxes. That leaves you with only 1/3 of your earnings to yourself.

Is anyone really doing well using Ninjatrader?

Chris
Chris
4 years ago
Reply to  Chris

That said I am interested in this service. I’m just a little concerned about commission fees and taxes making it unprofitable.

Rafal
Rafal
4 years ago

Where can I find verified track record? E.g. on myfxbook.com.

Liann
Liann
4 years ago

Gerard and all,
No one wants to read back and forth accusations or bickering. But, forums like this are the natural place to get to know about different services. I like the daily results you show on your website. But, I’m quite hesitant to pay some $3500 for your service up front before hearing from the actual experience of some who have tried it. Given that you don’t offer any meaningful trial period, and given that you should be confident about the quality of the service you offer, I don’t think you should have any problem with your service members sharing their experience. I promise it will only increase the demand for your educational package (and I’ll be the first).
So, folks out there, please speak up and help a bro here! Any comments from those who have actually paid Gerard, preferably after he discontinued monthly service and became all up front, and have been with his service is highly appreciated.

Gerard
4 years ago

Good afternoon gentlemen,
Anyone is entitled to an opinion and this is why reviews like this one exist. Still anyone can draw their own conclusions.
If you have any questions or issues, you could address them directly with us. Our customer support satisfaction is of the highest level. We will be able to answer and help you more than anyone on this thread. Moreover we’ll be glad to do it in a professional manner.
If anyone is in possession of any recordings while on a visitor’s temporary access, then he/she violated our terms and conditions of use. We take it seriously. Everyday we produce original content of proprietary nature and have the right to maintain our property. Anyone who disagrees will show no regard to the principle of authorship and copyrights that exist for a reason. The email you received is not a threat, just a reminder.
To the Trading Schools.Org community, unfortunately these exchanges will come up from time to time, is the nature of the Internet. Our practices have and will remain consistent. We’d like to encourage everyone to contact us directly with any questions, comments or concerns. Emmett has done a good job with his reviews. Unless there is anything else in need of a fact check we’ll contact Mr. Moore directly and we’ll be keeping the comments at a minimum on this space from this point on.

Happy Trading and to All!
Gerard

Osikani
Osikani
4 years ago
Reply to  Gerard

He gave you a great review, so why are you threatening lawsuits? Yes, it was a threat, no matter what you choose to call it.

Very strange. I would have thought that such a good review has probably actually gained you customers, so why the hostility? You sound like a very ungrateful person to me.

TraderTom
TraderTom
4 years ago

Wow, you guys just sent me an email (see below) threating to sue me for recording your chat room. The errors in your live vs website published Account Performance pages is the truth. Apparently you don’t want the truth to be told about your trading room. Makes me think that you have a lot to hide. Good luck making a profit with this POS trading room ….that’s my opinion.

Dear Sir,
It has come to our attention that you may have in your possession recordings from TraderMakers’ online meeting sessions which contain proprietary information.
We would like to remind you that recording while participating on any of our private sessions is a violation of our terms and conditions and constitutes an action punishable by law.
Unauthorized use, reproduction, dissemination, or communication of such material or any information contained in such recordings is strictly prohibited.
We will prosecute all violators to the fullest extent of the law.
Thank you for your attention to this matter.
Sincerely,
Legal & Compliance
TraderMakers, LLC

Rob B
Rob B
4 years ago
Reply to  TraderTom

How do they know who you are to sue you. BTW suing your customers is usually not a great strategy for a business. Plus want harm has come to them, did you attempt to sell some proprietary information? I think that email speaks volumes about this Trading Room and their ability to truly trade profitably.

Carl
Carl
4 years ago
Reply to  TraderTom

A “Terms And Conditions Of Use” statement doesn’t write law. Copyright violations would only attach if the individual were attempting to profit from any proprietary information.
The letter that indicated that it was from “Legal & Compliance” was either not written by an Attorney, or written by an extremely incompetent Attorney.
Recording something that is in the public domain; i.e. the internet, violates no laws either in any individual state nor federal U.S. laws.
An individual recording actions which reveal a fraud or an attempt to mis inform would in no way be actionable. However intentionally posting misleading results in an attempt to entice individuals to purchase products from your business most certainly is actionable and the recordings could be used against the business to provide the neccessary evidence.
Regards

TraderTom
TraderTom
4 years ago

Thank you Thomas Kailey for explaining the error. Using two platforms during that time period seems to be a plausible explanation.
I also have Rob B’s question “are you trading with a simulator or live?”.
Is it possible to trade (profitably) with more contracts… say 10 or 20 contracts?
Thank you

Thomas Kailey
4 years ago

Hello again,
In regards to Ali’s comment, yes indeed Gerry was out the last 5 days attending a family emergency. He is back in the office and has returned all pending messages.
Thanks for clarifying that.

Regarding TraderTraderTom’s comment, this is a problem that we’ve continuously faced when new people come into our room for just a handful of days without knowing exactly what we do and how we do it. But that’s ok, fortunately we DO know what we’re doing. During the month of August, many may recall, we introduced Bloodhound’s auto-trading capabilities with our system and we ran it along with our usual trading. It was disclosed to all of our members.
It is likely that the differences he points out may have been the result from each platform as we ran live demonstrations. We decided to do this precisely to show folks the performance variance from manual to automated trading. In reality, we really wanted to keep that a little more private as a benefit to our full-time subscribers, but now that he brought it up, we can only thank him for sharing the word about how good our system and tools are. Ultimately he documented 100% profitable days during his attendance.
Note: Now that we are on the subject, although our software and tools are of exceptional value and can provide great benefits to many traders, Gerard still relies solely on his manual trading and expertise on calling and executing setups.
There are no mistakes nor wrong doing here. Just a lack of information from the participant. Had Mr. TraderTraderTom contacted us more than six months ago with his issue, we would have been happy to let him know more about us and answer any questions.
And as always, Emmett, thank you for your contributions and remember that you and anyone else here is welcome in our room anytime.

Happy Trading to All!

Rob B
Rob B
4 years ago
Reply to  Thomas Kailey

Thomas Kailey,

I appreciate your response, but a couple of questions. I did not see any type of free trial so one can verify Gerry’s performance. Also does Gerry show actual live brokerage statement as evidence he actually traded live. Trading sim and setting that simulator to fill on just a touch and trading live is completely different, especially when you are scalping for a few ticks.

TraderTraderTom
TraderTraderTom
4 years ago

I recorded the live sessions in Trader Maker on the days listed below and the live results did not match the results he posted on his website. His NinjaTrader Account Performance page in the live session (which was shown live) did not match the Account Performance page he later posted on his website. Something very wrong was happening. If you can’t trust him to post the actual results how can you trust him at all? Note the error was always in his favor.
8/27/15 +$80 live vs +$300 posted on website
8/28/15 +$180 live vs +$180 posted on website
8/31/15 +$200 live vs +$240 posted on website
9/1/15 +$190 live vs +$250 posted on website

robert
robert
4 years ago

thanks Tom. nice find

Ali Eslami
Ali Eslami
4 years ago

They have not posted their track record since Jan 15.
Also, I’ve tried to contact them, or them to contact me, via phone and their webpage but have not heard anything.
Does anyone what’s going on?
Thanks,
Ali

Ali Eslami
Ali Eslami
4 years ago
Reply to  Ali Eslami

I actually heard back from Gerry. It seems that he’s been busy because of some personal emergency. He also said that he’s going to update the track record, which he did.

Rob B
Rob B
4 years ago
Reply to  Ali Eslami

Ali,

I am just curious are you in his trading room? In TF you can get a bit of slippage and I am just wondering does his track record accurate include the slippage. Are you able to match his results? To say profitably scalping TF for 4 or 6 ticks is very tough to do would be an understatement. Just wanted to see what your experience has been.

Ali
Ali
4 years ago
Reply to  Rob B

Bob,
No, I’m not in his room. I’m a beginner and am shopping around to find a good mentor with a good room to learn and to shadow/copy. Based on Emmett’s reviews, Gerry’s service is one of those that I’m looking into. I’d really love to hear from someone who has actually been in his room to share his/her experience as well as commenting on your question.

Rob B
Rob B
4 years ago
Reply to  Rob B

Ali,

The reason I asked was 2 fold. I watched his videos and track record and he never had slippage even though he was using Stop Limit and Stop orders. It is possible for his entries he could set the stop limit’s limit to zero, but then I would expect him to get jumped on some entries. But even on the one trade he lost and got stopped on, as shown in the videos, he had zero slippage on the stop market order.

I have not been to as many trading rooms as Emmett, but I have been to many in my past and I have never seen anyone truthfully that could profitably scalp TF. I think in Emmett’s review he only traded live for 1 or 2 weeks. I do not think he got any documented brokerage statements for a long period of time showing he could actually trade this method profitable over a longer period of time. I do not thing 1 or 2 weeks tells a complete story. So I to would like to hear from others in the room and hear if his track record over time is truly accurate accounting for slippage and all. And does he show a brokerage statements showing he actually took the trades. Simulation is just not the same when slippage is factored in.

Janet
Janet
4 years ago

HI, can you tell me the minimum amount of capital one would need to get started with this program?

Christian
Christian
4 years ago
Reply to  Janet

I would say 5k is the recommended trading capital.
The method is based on trading 2 lots per instrument so you will have at most 4 lots involved on trades at the same time but this is very rarely (having 2 simultaneous trades).
This mean you can have far more less capital but with less room for mistakes.

scott Sanford
scott Sanford
4 years ago

i am a current student of the Trader Makers program. It is, without a doubt the best program I’ve seen or been involved with. I have been floundering in another system for a number of years and making very little progress; and with virtually no support. Gerry gives me all the support i need. But in addition to that he holds his students accountable. This is very important to me because I need someone to hold my feet to the fire, as it were. Without that I tend to drift along and end up accomplishing little. It is obvious that Gerry cares about his students and he wants them to succeed. He puts it all out there, every trading day. It’s an excellent system, but be prepared to work!

Christian
Christian
4 years ago

Hi,
I took this course so this are my 2 cents after taking this course in March this year:
1. Trades are live but only those on AM time. Those posted with PM times are usually taken by Gerard by his own since the trading room is open for maximum 1 hour in the morning but usually half an hour (very few exceptions when news like FOMC are on PM the room will be open on PM too)
1′. Room is open until targets are hit (gain targets or loss limit)
2. You CANT take the trades if you do not know the system unless the market is very slow, like this fall, so expect about 4-8 weeks until you learn the setups
3. Once you know the entry rules you can follow Gerard and take his trades even on fast markets.
4. Until you develop a sense of market flow you can’t trade by yourself. The system has some simple rules for filtering the trades but these are not enough for keeping you away from trading on bad market conditions. For those wanting to learn PA and market flow I would recommend Lance Beggs books.
5. Since this is a scalping system (targets are 5 ticks and when market is volatile you may have a second target at 10 ticks) you will need a broker with low commission and one with “take profit” and “stop loss” orders resting on server side since you have no time to call your broker if internet drops that is why I’m with NinjaBrokerage and Continuum.
6. The systems recommend to use the static DOM for trading. This imply more commission. You CANT trade properly with the dynamic dome. Since I do not like to switch my view from charts to dome and vice-versa I am using Innovative Ordering from ninza.co
7. One of the best things about this system, and never mentioned, is Gerard will put you to pass a test before confirming you can trade alone and being on your own feet as a trader. The test is not easy to pass.

Final word: This systems is a scalping system and this requires certain qualities from a trader: fast thinking (if you know you are a second guesser this system is not for you), able to respect drastic rules (the system has fixed rules: when to enter when to exit and even when to close you trading platform because certain limits has been reached) If you know you are greedy or not able to restrain from revenge trades this system is not for you. You have to be able to admit sometimes, you trading day has finished after 5 minutes of trading.

For what is offering the system is a bargain but it may not fit you.

JS
JS
4 years ago

Thanks. The review says it is excellent for beginners. Is this system recommended for someone who has not traded before? How long would you say it would take to learn and be able to trade, and then be able to reproduce the same results? Regarding the concern of commissions, can someone point me to brokers that can have a $1 round trip target for commissions? I looked at interactive brokers options commissions and could not be sure since they are dependent on the premium value.

JS
JS
4 years ago
Reply to  Emmett Moore

Thanks. I took a quick look at the Optimus Futures website and they quote for example for the mini russell 2000 with 11-50 round turns (which is sort of what trader makers do per day) has a total rate per side of $2.07 (one of the components is commission of 50 cents). So would it be $4.14 the total transactional fee per round turn that I would have to pay? Isn’t there something cheaper to approximate $1 per round turn or am I interpreting the quote wrong? Also, how do you think people use this service? let’s say they earn 25K per year if following the trades in their live room. Is it more just for a side income? or once they learn the system, they would trade for longer time to earn more?

Cindy
Cindy
4 years ago

Thanks Emmett. BTW, did you say you were preparing a review of Felton Trading? I would be interested in that.

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