SpreadProfessor Futures Spread Trading Course (Light Package)

SPREADPROFESSOR-TM Providing Technical Education Consulting Services for the Development of Professional Traders

For inquiries, contact: [email protected]

Complete Package: $7500 USD. This includes all proprietary studies and files, along with over 100 hours of recorded webinars. Additionally, it offers 12 months of personal one-on-one consulting mentorship, to be mutually arranged through “Go to Meeting.”

“Light” Package: Priced at $4500 USD, this package includes all studies, files, and recorded webinars provided in the Full Package. However, personal one-on-one consulting mentorship is limited to 15 hours, mutually arranged through “Go to Meeting,” over a 12-month term. Note that highly technical or lengthy email responses count toward the 15-hour consultant time limitation.

• Conditions:

1. Client references are available and encouraged.
2. An IP NDA/Consultant-Client Terms and Conditions Contract is required.
3. Credit cards are accepted with prevailing card processing merchant fees added.
4. The “Light” Package is exclusive to clients signed from January 2018 and later. Previous clients have an existing “Full Package” Terms Contract in force.

January 2020 Email from a new Client regarding the “Light” contract package: “I received the materials today, and I must say, this content is quite impressive. It’s also an enormous amount of files.”

December 2017 Email from a Client who initiated paper trading the system in October 2017: “I’ve been reviewing all my winning trades and all the losing trades. The result, particularly with the losing trades, is kind of funny and encouraging…”

My preference for clients involves a price-based mechanical entry system (utilizing three confirming functions) with a rules-based position management procedure established at the time of trade entry. Numerous inter and intra-market spread combinations can be modeled, providing ample opportunities. Additionally, overnight margin costs for spread positions are among the most cost-effective futures leverage options through the use of SPAN margin credits. I recommend clients engage in swing trading spreads and use exchange-supported spreads whenever available for safety and slippage considerations.

Trade holding timeframes are contingent upon the specific spread’s OTR average trading range and volatility. For instance, a Eurodollar butterfly spread might be held for four months (moves about 2 tics a day), while an RBOB vs CL spread or a Gold vs Silver spread (both high volatility spreads) might be held for a couple of days. My preference is to leverage less volatile spreads, but each client has their own risk tolerance profile. We model markets using longer timeframes, focusing on swing trading rather than high-speed day trading. I strongly discourage clients from day trading, as spreads are cost-effective to margin overnight, and the goal is not to enrich the broker and the exchange. Clients often hold several different spread positions simultaneously in various markets if the trades present themselves.

We model hundreds, if not thousands (depending on the client’s motivation), of different spread combinations in almost every electronic market available. I emphasize the importance of selectivity, encouraging clients to leverage the large pool of trading opportunities to their advantage. Forcing trades is never advisable, especially in day trading or scalping a singular market.

When entering a trade, we establish the profit target and stop-loss level. Generally, the Risk/Reward is typically 1:1 at this point, sometimes better, but usually 1:1. Importantly, as the trade unfolds over time, our indicator package often takes us out of losers before reaching the initially set stop-loss level if the original conditions for taking the trade are no longer valid.

Each client tracks their performance metrics, including drawdowns, during the paper trading and peer review process (conducted through weekly group webinars) of the training. I also encourage clients to schedule individual webinars with me to review their paper trading performance and discuss ways to enhance their trade selections.

Spread combination construction and the selection of products and expiries are crucial. I rate them as more important than the indicator package in terms of good trade selection. Approximately 50% of my time during client webinars is dedicated to reviewing different aspects of spread combination construction.

When clients contract with me, they are purchasing my IP for their personal use only. The terms and conditions and security of that IP are clearly outlined in the contract. In addition to providing programmed .efs files for eSignal, I provide the coding for the indicator package, enabling adaptation to various charting packages that can chart synthetic and exchange-supported spread expressions. There are no additional costs to use the indicator package once purchased.

Over several years, I’ve observed a direct correlation between the effort and time clients invest during the spread construction and paper trading phase of the program and their relative success using the strategy in live markets. Success in trading requires hard work, and there is no guaranteed formula. Every successful trader works diligently at it, and while some trading systems are better than others, there is no holy grail. One of the key mistakes I’ve observed from clients is focusing excessively on concocting a magical trade entry without giving adequate attention to position management.

Over the past few years, we have accumulated numerous individual and group webinar recordings where we review live and paper trade setups, clients discuss their performance metrics, and we construct spread combinations while addressing various topics such as correlation analysis and execution. Additionally, I conduct special instructional webinars on specific topics, concepts, and materials.

As of January 2018, new clients typically take 2 to 4 weeks to initially review the materials received. They proceed to use the proprietary indicator package and spread combination build-out spreadsheets (usually with eSignal) to construct their own chart modeling platform. After several weeks, clients may have several hundred spread combinations across worldwide electronic futures markets. The next phase involves paper or SIM trading under my review, tracking performance metrics, and especially drawdowns and W/L ratios.

Regarding the Advantage Futures Year-End Trading Statement post further down on this website page, a posting from Baron Robertson, ET Founder, and posted on the Elite Trader website:

“I received a response from a third party regarding the disputed statement, so I am sharing it here. I’m not reopening this thread for further responses, but will continue to post opinions from emails sent to me by other third parties should they arrive.”

Hello Baron, My name is Patrick Agate. I am The risk manager and active partner with Prime International Trading. I have been the Risk manager since 2003 and active partner since 2011. We are a proprietary trading firm that mainly trades options on commodity futures. We also have several off floor spread traders within our firm.

All of our traders our independent contractors, and they get paid a percentage of their profits earned at different intervals throughout the year based on the terms of their contract.

I am giving you some background on myself just to let you know that I am very clear on how prop deals work and I know how to read statements from clearing firms.

The statement in question is from Advantage futures who my firm has used in the past to clear trades. Currently, most of our business is cleared through Rosenthall Collins Group and New Edge. My point is that the clearing statements are all very similar and I deal with them on a daily basis.

On this statement from Advantage futures I see the beginning balance of 488,204.63 (US non reg) and then see the cash was swept out 486,124.63 on 1/2/7 for profits in 06.

It is pretty clear this account made some good money… If you have any further questions please let me know.

Pat Agate Prime International Trading

Regarding my integrity and value for clients as posted on the Elite Trader website:

From Baron Robertson, ET Founder:

“For 17 years, this site has always been ultra-critical of education providers, and rightly so. From my experience, most of them simply don’t have what it takes to back up their claims of past performance and potential profitability. But I said most, not all. Although he has taken tons of heat over the years from a variety of different angles, I think bone has repeatedly demonstrated a level head by answering questions, providing statements and references, and generally being one of the rare education providers who actually tries to work through the criticism first instead of just complaining about it to me immediately.

I would also like to state for the record that bone has been a sponsor here for many years. And in that time, I’ve never had a single client of his contact me with one negative comment about him or his services. So although everybody may have different opinions about aspects of his education business, I think he’s a big asset here at ET and has established a solid track record, especially given the extreme scrutiny he’s faced.”

Client Comments posted on the Elite Trader website from 09/19/2014:

RockMachine: At the risk of voiding my contract with Bone, I wanted to give an unbiased opinion of Spreadprofessor’s service.

1. The price is high = yes. However, as stated Bone ONLY wants experienced traders. Well, experienced traders are MUCH harder to train because you have to un-train them first. New clients after a few weeks/months are encouraged to post their trade setups. Often, they show head and shoulder and archaic setups with multiple squiggly lines, etc. Myself, I had a nasty habit of placing tight stops, which every few months I revert to. Point is, Bone didn’t teach this stuff.
2. The Guy really cares = Hell Yes! I’m on my 10th month of a 6month contract. Why? because I’m not ready. But to be clear, I contribute and I want it!
3. The $500k trade issue = Don’t know. Semantics wise, if I were to make x$ in say the “Crack spread” for 2013, I would phrase it ” I made X$ trading the Crack Spread last year. “
4. Is this the Turtle Experiment = Kinda. Richard Dennis said that he could publish his strategy in print and MOST people would lose money. In fact, his original group has some who prospered and others who crashed. Weakest link is always the trader.
5. Overall, Bone’s experience and knowledge of spread trading in 2014 is easily top 10,5,3 in the world. However, if you trade automated by ticks and turnover 100’s of trades per day, then you will need to be un-trained, unless of course your infrastructure budget can compete with the big boys.
6. Finally, I have met and worked with a few people on ET, some were good, others would eat their children for $500..YOU KNOW who you are.. As for Bone, he’s legit and cares and is very cautious as to working with the right people and especially before he lets you trade live.

Eudamonia: As a current client, I made my decision regarding Bone’s services based on discussions with his references (former clients). Were they able to apply what Bone taught them and derive an edge? And the answer to that was yes – although it would require a lot of work on my part to learn the system (hence why it is a 6+ month contract).

Currently, after four months of simulated trading, I’m sitting on a 70% win ratio with a 1:1 reward to risk. Several other traders have shown their results in our trading room of their own trading that is similar or in some cases better. After a few more months, I will switch over to live and anticipate I’ll see similar results in a live account (because I have accounted for commissions and slippage in my estimates).

I don’t believe that my $7,500 has been anything but an excellent investment and highly recommend Bone’s services.

R1234: I signed up with spread professor last year. When I first signed up I must admit I was a bit concerned it might be a waste of money or maybe even a scam. But as I began adding his method to my existing methods I can say it does add value and I have more than made back my investment. His method is legit if used consistently and does carry an edge.

J-Law: For all the naysayers & harsh critics of Bone & his spreadprofessor services….not only are his offers legitimate & sound. His ethics compass is intact & oriented in the right direction. If you are on the fence about working with him, just know that he has his feet on the ground & you will walk away from the experience with a greater knowledge of futures, spreading & tradecraft in general.

From a prospective client in Australia with his observation about the successful traders at his proprietary trading firm: “Reason I’m interested in spreads as I noticed the biggest earners and generally least stressed traders were the spreaders, and the secrets to this art form were very closely held.”

Client feedback via email from March 2014: “I did, however, apply your methods in my live account for trading on NSE, India, last month and had 2 profitable spread trades on equities and indices, and I could hold them for 2-3 weeks which I have found difficult with outright contracts.”

“With regard to my results with his methods, over 65% trades were closed in profits over the last 8 months, and I feel confident using the method adopted in his course. I could feel the difference between holding an outright contract and holding a spread trade for days to weeks. With spreads, I was more comfortable holding overnight as I am relatively immune to broader market movements and sudden geopolitical events. Overall, I am satisfied with my spread trade results.”

New Client Emailed Initial Impressions on the Materials Received from the Consultant on Day One: “It took me two weeks to watch the historical recorded webinars alone. Seriously. Two weeks.”

“I started watching the webinars over the weekend and downloaded the proprietary study indicators into eSignal. I am overwhelmed at the massive number of spread combinations.”

“Holy Shit. It took me the entire weekend and half my hard drive to download all this stuff – where the hell do I start?”

Now providing proprietary charting studies and indicator package to clients designed specifically for Spread Trading

Please Note: There is a rules set of specific conditions required to be met before a trade entry can be taken. The provided proprietary charting package is useless without proper adherence to the rules set. The rules set is explained in great detail with literally hundreds of actual market examples in the recorded webinars. The entire process of spread combination construction and modeling is also covered in the webinars. The trade selection and risk management process of setting profit targets, stop-loss levels, and entry price ranges is also covered in great detail in the webinars.