Hello and welcome to my review of Rapid Trading Engine.
I stumbled across this service through a presentation on the Profits Run website featuring Bill Poulos. According to the website, this “Revolutionary New ‘Trading Engine'” can help everyday people trade options on “autopilot” and with less risk.
I was curious to know how it worked because the idea of trading options using an automated system sounded appealing, but I also wanted to make sure it was the real deal.
Long story short, I decided to take a closer look at the system, and in this post, I’ll show you what I found to help you determine if it’s worth the $1,997 price tag.
What is Rapid Trading Engine?
Rapid Trading Engine is a new options trading service from Bill Poulos of Profits Run that’s “designed to turn small trades into quick potential wins.”
According to Bill Poulos, this “high-performance trading system” works even if you have zero trading experience and “does all the hard work for you.”
He says the system is based on a brand new algorithm he and his team developed that utilizes the exact methods he’s personally used throughout his 45-year trading career.
The service doesn’t yet have an established track record, given it was only recently launched. However, Bill says he’s conducted decades’ worth of backtesting across 18,402 trades to develop this system.
What does “backtesting” mean? Backtesting involves testing a trading system on historical market data to see how it “would” have worked in the past. It’s a common practice among traders as it can give you an idea of how well a given strategy or indicator might work.
And according to Bill Poulos, “the algorithms that power the ‘engine’ found 957 winning trades” out of 1227 in a recent 12-month period, and the average “win rate” going back 12 years was “around 70%.” He also provides numerous examples of double-digit winning trades the system uncovered during the testing period, most of which lasted about a week.
So, based on what Poulos states on the rapidtradingengine.com website, the system has worked well during backtesting. However, there are a couple of points I want to mention here.
First, all the average “win rate” tells us is that, on average, around 70% of trades won over 12 years. That’s great, but it doesn’t tell us the average gain on those trades.
And second, even if the service has performed exceedingly well based on the testing Bill Poulos and his team did, that’s not a reliable indicator of how it might perform in the future.
Still, Bill Poulos says that this system is the “capstone of 45 years trading the markets” and two decades of helping others trade the market.
And he says that the idea for the system came out of a desire to be a successful trader while also having more time to spend with his children many years ago.
Long story short, after years of trial and error trying to figure out a good trading strategy, Bill says he realized he needed to come up with something brand new to trade the market with and figure out a way to automate the system to free up his time to spend with his family.
In time, Bill says he came up with the idea to make a “self-driving” trading tool and, with the help of a developed named Josh, created a “fully-functioning, intelligent trading software with the trading skills of the best human traders in the world built-in.”
I can see why someone would want to make such a software to help automate the process of finding good trade opportunities, but does it really work?
Well, according to Bill Poulos, his backtesting results show that it does. But let’s take a closer look at how the system works to get a better idea of what’s under the hood.
How Does Rapid Trading Engine Work?
Bill Poulos describes Rapid Trading Engine as a “proprietary trading algorithm” that uses the “latest breakthroughs in computer science and smart automation” to find trading opportunities whether the market is going “up, down, or sideways.”
According to the company website, the automated system finds trading opportunities that its algorithm selects every weeknight after the U.S. markets close. And from there, subscribers of Rapid Trading Engine receive an “alert” on what specific options to trade.
How do options work? Options are financial derivatives that give you the right, not the obligation, to buy or sell the underlying asset at a set price on or before a set date.
There are many different options strategies you can use, too. But the main four strategies revolve around buying call or put options and selling call or put options.
Some traders buy options to “boost” their gains in the short term, given the built-in leverage options have, while other traders sell options as a way to generate income.
Some even use combinations of these strategies in the form of credit spreads, which is what Ian King teaches subscribers in a service I just wrote about called Elite Options Alert.
In any case, Bill Poulos doesn’t disclose the exact options trading strategy he uses with Rapid Trading Engine. But he does say the service works whether the market is trading up, down, or sideways and that the system was “designed to go after quick profits” with small trades instead of waiting months or years for bigger gains.
So his strategy most likely involves a combination of short-term call and put options.
Either way, as a subscriber, Poulos says you just need to follow the alerts the system provides, apply “sound risk management principles,” and you’re good to go.
Of course, you’ll need a trading account at a brokerage that allows you to trade options so you can place the trades and some money in your trading account if you plan on following the trade recommendations, but that’s pretty straightforward.
How much do you need to trade with?
Bill Poulos suggests having a trading account of at least $2,500 and states that many of the Rapid Trading Engine trades can be followed with as little as $500.
Recommended: Go here to see my #1 rated stock advisory of 2024
What Do You Get If You Join Rapid Trading Engine?
The main benefit of joining Rapid Trading Engine is getting access to one year of trade recommendations that the trade alert software shares with you as a subscriber.
As mentioned, Bill Pulos states that the software finds options trade opportunities in the U.S. market. And you can sign in to the trade alert software in the member’s area after joining to access the recommendations, as well as opt to receive email alerts.
Unlike most trading advisories I come across, Rapid Trading Engine doesn’t provide subscribers with a set number of trade recommendations. According to the website, the system “never tries to force winning trades into a market that doesn’t have any.”
Some might be disappointed about that, but that’s actually something I like. Because instead of recommending trades for the sake of it, you only get trade ideas when the system finds these based on its algorithm. At least, that’s the idea. And according to Bill Poulos, this is “one of the primary ways trading with the Rapid Trading Engine slashes your risk.”
Aside from trade recommendations, subscribers of Rapid Trading Engine receive the following three training guides aimed at helping students utilize the system successfully:
- Rapid Trading Engine Quick Start Video Training: training designed to help you learn how to use the trade alert software which is given to subscribers immediately upon signing up.
- Rapid Trading Engine “Blueprint:” online “blueprint” that summarizes the trading each of the rules behind the Rapid Trading Engine trade recommendations.
- Basics of Options Training Course: this is an options course specifically designed to help beginners learn how to trade options in a “clear, simple and easy-to-understand” manner.
There was also mention of a “big blue box” containing 11 gifts to welcome new subscribers to the “Profits Run family.” Bill Poulos doesn’t disclose what’s inside this box, but he says it’s physically shipped to your door if you subscribe.
Although it may depend on which page you join through as to whether or not this mystery box is mailed to you. I say this because, somewhere along the way, I managed to stumble across two different presentations for this service.
One was a recent 2022 presentation about a “Financial Shakedown.” The other, which we’ve discussed in this post, was essentially a promo for Rapid Trading Engine.
Also, as a side note, I think Rapid Profit Engine might be the successor to “Rapid Income Engine.” I can’t say for sure, but through my research, I found a page describing Rapid Income Engine on a different site run by Bill Poulos, and the description is very similar.
This could also be a marketing thing. Sometimes companies test different names for programs to see which one resonates with people the most. Either way, they look like the same program.
Nevertheless, to sum it up, subscribers of Rapid Profit Engine get everything needed to follow the trade alerts, including recommendations, training, and email support.
How much does it cost?
The cost of the service is $1,997 per year. And according to the company website, it comes with a 60-day money-back guarantee. The only drawback is that you need to send the “mystery box” welcome kit back to claim a refund. Still, many high-end advisories don’t provide a cash refund at all. So, assuming the company honors the refund, that’s a plus in my books.
Who Is Bill Poulos?
Bill Poulos is the co-founder of Profits Run, a Michigan-based financial education company he started with his son, Gregory Poulos, in 2001. The company publishes over half a dozen trading programs aimed at helping subscribers trade the market successfully.
One of these is Rapid Profit Engine, but Bill Poulos either runs or oversees other services, too. For example, the Profits Run website publishes 20/30 Wealth Trader, Instant Options Alert, and Real Wealth Alert, which each focus on a different trading strategy.
I’ve also written about a program Bill Poulos no longer seems to run, or at least it’s not listed on the Profits Run site anymore, called Uncharted Profits Daily.
Aside from Profits Run, Bill Poulos is an author who’s published books on trading, including “The 5 Most Dangerous Trends Threatening Your Portfolio” and “Options Trading For Beginners: How to trade options from A to Z explained.”
Before getting into financial education, Bill Poulos’ profile on billpoulos.com states that he was originally an engineer who worked for Cadillac, General Motors, and Chevrolet in various corporate positions and that he began trading stocks and options in the 1970s.
Is Rapid Trading Engine Legit?
Rapid Trading Engine doesn’t appear to be a scam based on what I’ve seen, and there are a few main reasons I say this.
One reason is that Bill Poulos is the co-founder of Profits Run, a financial education company that has been around for about 20 years now. From what I can tell, it’s a reputable company, too. So I doubt it would have been running this long and be outright scamming people.
I checked out the Profits Run’s Better Business Bureau page, too. And while there is the odd complaint as with any company in this space, the reviews are overwhelmingly positive.
The other reason I don’t believe Rapid Trading Engine is a scam is that the service comes with a 60-day refund policy. So, assuming the company honors this, which I have no reason to think they wouldn’t, then you could potentially get your money back if you’re not satisfied with the service during your first couple of months.
Third, one thing that stood out to me in the presentation for Rapid Trading Engine is that Bill Poulos is very open about the potential risks involved and how not every trade will be a winner. In other words, overall, the marketing came across as more ethical than average.
There’s a lot of hype in this space, so it’s rare to come across a presentation that (repeatedly) reminds you that there are no guarantees you’ll make money.
In the end, I chose not to join the service, but as I said, I don’t believe it’s a scam from what I’ve seen. Whether or not it will help you make money is another story, but it seems legit.
Bottom Line: Should You Join?
The question of whether or not you should join Rapid Trading Engine (or any service) is a personal one. I don’t try to sway my readers one way or the other. Instead, I share my research to help you make a more informed choice because the service might suit some and not others.
On the one hand, Rapid Trading Engine caters to people interested in shorter-term options trading, and the site suggests it’s suitable for lesser-experienced traders with smaller accounts. So it could be worth checking out if you’re interested in getting started with options.
On the other hand, if you’re looking for an advisory that focuses on longer-term investment opportunities, or one that doesn’t cost so much, there are other options.
Either way, regardless of which advisory you join, what strategy you use, or who you’re following, there are always risks involved in trading and investing. So there’s no guarantee you’ll make money by signing up and following the trade alerts.
Anyway, that’s it from me. What about you? Have you joined Rapid Trading Engine? Or any other Profits Run services? Let us know in the comments below.