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Blue wave trading review

  #44 (permalink)

Surrey, UK
Trading Experience: Intermediate
Platform: Ninjatrader, Tradestation
Broker/Data: Kinetick, InteractiveBrokers
Favorite Futures: Equities, Futures
Posts: 259 since Jun 2010
Thanks: 99 given, 160 received

thailerdurden View Post
wow, I didn't get anything out of that last post, and it was so long! Is it me, or is it the post?

Blue Wave trading looks like it is an automated Renko and Linebreak strategy. The Youtube videos are hypnotic. All that money just pouring in. Why it looks like I could recoup the $6k fee in 5 working days!!

Problem is that it is specifically optimized for each contract. In other words, he is retro fitting to history.

You hit the nail on the head.

I tried the indicators when Randy first brought them out. The star of the show was the paint bar study. At the time Randy told me that the study should be used with TA. I thought to myself, why do I need your indicators then!! Unfortunately the signal point for the study also flickered in and out so That helped me to decide not to go ahead!

With regards to the strategy, if you look at the YouTube studies, you will see different settings being used so I assumed the settings were optimised too.

I've noticed a worrying trend that vendors who maybe have stopped making money from their products have turned to Renko charts because they possibly think it's easier to trap newbies.

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