The strategy as it was shown in the webinar is obviously only for the fib, I have used it for several years in the past and then I stopped working on the fib when I switched to IQFeed as data flow.
*****************
1) So far my approach made money, not all systems made money, some have been doing for a while and then stopped, some are still making money, some lost money, overall I'm positive and profitable.
2) The only demonstrated results are those from the trading championships. Those are audited results and the numbers are there covering a number of years, those results anyway witness only that I was able to make money for a decent period of time under completely different market conditions. The percentages anyway are not significant as the risk used during a contest is (or at least should be) much higher than in normal trading.
3) I don't only teach how to build ATS, I have also been running a signal service through a newsletter in Germany if I remember well from 2011 on. The results there, based on daily signals, are not bad but I'm not sure that is the right way to go. I notice in fact that most people don't really follow the proper instructions and add discretionary thinking to the rules. Some others, just because signals come from me, ignore my risk control recommendations and trade too heavily so that bad periods become real nightmares for them. The reason why I prefer to teach how to build systems is because I strongly believe you have to be in full control of your tools, you have to adapt the systems to your personality as much as you can and you must "feel" the markets through your systems, to follow other's advise can be lucrative but it's like driving in the dark, the speed of reaction of somebody else could not be in line with your feeling. If you don't even know if your supplier is really reacting, you are completely depending on somebody else. While developing your own stuff turns you into a totally independent trader and this is the key to keep on growing.
I would like to avoid people who purchase my material just to take away the few systems shown as examples, it's not the purpose of the whole thing; I want fellows who want to be in total control.
It's true this world is full of scams and you have to be careful, I personally don't think Larry is a scam, I know for sure he made a lot of money trading, I don't know if he is still trading or still making money but for sure he had a revolutionary approach to figuring out the markets and he is a leading light in the trading world.