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Blue wave trading review

  #18 (permalink)

NY + NY/USA
 
Trading Experience: Advanced
Platform: Ninja
Broker/Data: Optimus Futures- Rithmic
Favorite Futures: CL, 6E
 
Posts: 236 since Nov 2009
Thanks: 11 given, 1,270 received


cashinvestor View Post
I'm more interested in the automated program they have. He makes you buy the indicators to get the robot.

Has anybody run the robot? Have any performance reports? Thanks.

I used to moderate for Blue Wave back in 2009, and for YTR before that.
I learned a great deal about the super trend system.

To his credit, he did have some pretty good brainless auto systems that did do well for a while years ago. They were the one's using larger time frames.

I ran the original version of the auto trader, helped test it in beta, and watched it develop into what it is today.

If you do not manage it pro actively for time of day, proper sensitivity settings for the instrument, and proper money management then you will have inconsistent results. If you do manage it properly, then it will do exactly what it was designed to do for you...it will pull the trigger without hesitation. Manage it correctly and it works great.

If someone is selling a system they do not trade themselves successfully then be very careful about your ability to succeed with it. If they do trade it themselves successfully make sure you get some proof. Back testing results do not guarantee future results. You need real time forward results over a specific period of time. Also, insist on some references that you can verify. Ask for 3 references or users, and make sure one of them has been using the system at least 6 months.

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