Blue wave trading - use caution before buying

[v101 10]

I wanted to post this here, to get some comments about Blue Wave Trading (BWT) he sells an automated trading system for Ninja Trader or TradeStation, My experience with this company and the automated system have not been very good, and I wanted to just post some comments so that others that may be considering purchasing this software, can use caution, and make an informed decision before they spend their hard earned money

 

 

The Automated system uses the "SuperTrend" indicator, which is available for just about every platform out there... So if someone wanted to program this into a strategy on their own, they could do this easily enough..

 

Using the strategy in live markets, with real money, has resulted in losses, I can attach screen shots of nearly every time I used the system in live markets, and it continued to loose money, even though i used templates that were said to produce $$.

 

Even after a great deal of back-testing, and strategy optimization, I was not able to get the strategy to produce positive income.

 

If anyone else has templates that they are using that make $, would be nice to hear from you, but otherwise I am moving on from using this.

 

to summarize BUYER BEWARE.....

[wcicom 10]

I can not believe that till this day people think they can buy profitable strategy from a Company. There is no place than the Market where one can make more money so if one has consistently profitable strategy - why would they sell it for any amount of money ? lol.

[smmatrix 11]

Profitable trading is an art which can never be automated, but must be mastered over time. Markets are too dynamic with ever changing conditions to have any automated system do well.

 

I have reviewed hundreds of black box systems over my 20+ year trading career and only a small handful were profitable long term, however, each had drawdowns in excess of 45% which disqualifies me from using them due to a 15% drawdown limit which I have imposed on my trading from the funds which I manage.

[reandre 10]

There are really some companies that offers automated strategies cannot be trusted, though some of their free strategies are really useful.