Fibozachi: Elite Trader Package

Indicators That Live Up to the Hype...

I was really pleased that these issue signals in real-time and never repaint. It has made a huge difference for my trading. The problem with most technical indicators is they are retrospective and only valuable "after the fact". Trading is much easier with these indicators because they lead the market and predict what price is about to do. These guys know their stuff and these tools prove it.

The Elite package includes a lot of indicators, I think a dozen or so. I found the reversal indicators surprisingly accurate - at times they will actually plot reversal signals before any indication that price is about to reverse. It can be difficult to go against a trend, but I quickly learned to trust the buy/sell signals since they're accurate much more often than not. The trend indicators included in the package are also different than the typical stuff seen elsewhere (I especially like the Trender and FIBs when used in combination).

I tried a 30-day demo and ended up purchasing the full Elite package with the Elite reversals add-on about halfway through the demo. One of the reviews here appears outdated and incorrect because there was no activation fee for me and what I spent on the demo was fully applied to my purchase. I also got their "Super" versions of the RSI, MACD, and stochastics, and they are light years ahead of the regular versions. Comparing the quality of free or default indicators with these is silly.

I admit that I was slightly overwhelmed at first by all of the features and settings, but after going through everything in about an hour I found they provide serious value and convenience because now I’m able to scan for divergences and this is crucial for the way I trade. I did have several questions because some of the Indicators are complex, so I sent several emails to customer support. The head trader Zachary sent me well thought out replies the same day that were often several paragraphs, which went far beyond my expectations.

Fibozachi indicators really are first-rate.



Cons:



- the amount of input settings and features can be slightly overwhelming for new traders



Pros:

+ some of the most effective tools I've used in my 20+ years of trading

+ full cost of the demo was reimbursed and credited towards my purchase

+ wonderful customer support with detailed answers to all of my questions (even when the answer could have been found in the user guide) and excellent follow-up support

Trust Score

7.2

User’s Review Ratings

Overall

Crushes the competition!

I've spent at least $10,000 on trading books, services, and tools in hopes of taking my trading to the next level. Most of it has been a waste of time and money, so when I applied these indicators to my charts my reaction was "finally!"... goodbye to all the squiggly lines on my charts and hello to real-time buy and sell signals.

The books I've read have taught me a lot, but it's definitely more important to have the right trading tools when you need to figure out where to enter and exit, when to cut a losing position, and when to let a winning position run. Books can teach you the mental aspect of trading along with some general strategies and methods (most of which are NOT going to work in today's markets), but these elite indicators conquer the much tougher task of knowing when to buy and sell.

Other indicators I've used in the past are too subjective and open to various interpretations, but not these. I trade using timeframes, volume, and renko charts... so I was surprised to see the signals are consistently accurate regardless of the chart type I'm using. They plot reversal signals and issue alerts at major turning points, but the best part is that now I can run intra-day scans for stocks that are about to put in a major top or bottom (I've found that the best trades usually have more than one signal). Significantly better than indicators I've purchased elsewhere and support is seriously A+.

Skip the rest and get these, you'll thank me later.

Trust Score

4.4

User’s Review Ratings

Overall

Nothing Special

I took the 30-day trial and did not find anything special. These guys are geniuses at writing interesting theories about how their indicators are so special and useful, but I did not find them nearly as useful in practice. Ha, if only the market followed the simple descriptions they write on their website, we would all be millionaires! Many times there was no correlation with market behavior so you’re just cluttering up your screen with a bunch of meaningless distractions. There were a few that might be useful, but I did not find them significantly different from the free versions that are available on every charting package. Why would you pay several hundred dollars when you can get essentially the same thing for free?

Their activation fee of $95 was also extremely annoying and in my opinion pushes the price of the trial above what it’s worth. I don’t mind paying $74 to investigate a set of potential indicators… but $169?? Well, especially when those indicators are nothing special and I ended up un-installing all of them only 2 weeks into the 30-day trial, that’s really a steep price just to satisfy your curiosity. I trade actively but in the end I did not find any of them useful and decided that even if they were available for free... I would not use them because they simply didn’t help my trading or provide information that wasn’t already apparent from my other indicators.

Trust Score

1.3

User’s Review Ratings

Overall