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Blue wave trading review


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Blue wave trading review

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  #51 (permalink)
san antonio, tex
 
 
Posts: 73 since Nov 2014
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I use the open e-cry platform, so I was hoping for the algorithm not a link.

Ninja should sponsor this site.

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  #52 (permalink)
manila
 
Experience: Advanced
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Seems there are some reviews here that are helpful


https://www.ripoffreport.com/reports/specific_search/blue%20wave%20trading

https://www.ripoffreport.com/reports/blue-wave-trading/internet/blue-wave-trading-blue-wave-trading-autotrader-has-recompiled-and-stolen-the-software-pow-1318580


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  #53 (permalink)
Woodland Hills, CA
 
Experience: Intermediate
Platform: ninjatrader and IRT
Trading: CL, ES
 
Posts: 7 since Feb 2017
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These reports have nothing to do with the quality (good or bad) of the system. Purely a disagreement between two business owners. As stated from the last post within the report....

"Bluewave and MicroTrends has liaised over a series of miscommunications and both are now amicably resolved

The software was residing on a shared source control server -

Blue Wave has provided payment for the usage of this software without the requirement to pay royalties to MicroTrends for the propreitray components. The public can enjpoy the software which is in a league of its own and Blue Wave has permission to use this internally as it sees fit and their dvelioper can utilise this software on the BWT product line but not use it externally for other projects, nor can they distribute or sell the software.

All matters are now resolved and complete - ignore all other comments and disregard anything contrary to this."

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  #54 (permalink)
Surrey, UK
 
Experience: Intermediate
Platform: Ninjatrader, Tradestation
Broker: Kinetick, InteractiveBrokers
Trading: Equities, Futures
 
Posts: 280 since Jun 2010
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tommartin321 View Post
These reports have nothing to do with the quality (good or bad) of the system. Purely a disagreement between two business owners. As stated from the last post within the report....

"Bluewave and MicroTrends has liaised over a series of miscommunications and both are now amicably resolved

The software was residing on a shared source control server -

Blue Wave has provided payment for the usage of this software without the requirement to pay royalties to MicroTrends for the propreitray components. The public can enjpoy the software which is in a league of its own and Blue Wave has permission to use this internally as it sees fit and their dvelioper can utilise this software on the BWT product line but not use it externally for other projects, nor can they distribute or sell the software.

All matters are now resolved and complete - ignore all other comments and disregard anything contrary to this."

Whilst the second report is about the dispute between BWT and Microtrends, the first link brings up reports which suggest that the quality of the BWT system may be well below par and what is advertised and may even be optimised.

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  #55 (permalink)
Market Wizard
Fletcher NC
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
 
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as the vendor sells more and more copies and all the folks making a killing leverage up with the new found grail, its dooms day sooner or later.

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  #56 (permalink)
Surrey, UK
 
Experience: Intermediate
Platform: Ninjatrader, Tradestation
Broker: Kinetick, InteractiveBrokers
Trading: Equities, Futures
 
Posts: 280 since Jun 2010
Thanks: 110 given, 177 received


forgiven View Post
as the vendor sells more and more copies and all the folks making a killing leverage up with the new found grail, its dooms day sooner or later.



The only person making a killing is Randy from the subscription fees.


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  #57 (permalink)
Woodland Hills, CA
 
Experience: Intermediate
Platform: ninjatrader and IRT
Trading: CL, ES
 
Posts: 7 since Feb 2017
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benbrooke View Post
to set your chart like BW
use these setting

They have a nicer arrows :-)

How would you set this up now using SuperTrendU11?

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  #58 (permalink)
Fort McMurray, AB Canada
 
Experience: Beginner
Platform: NT, MT4, Jigsaw
Broker: Continuum
Trading: ZN, ES
 
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Posts: 144 since Mar 2015
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Iíve been watching his YT videos off and on for about 6 months now. Lately heís had a customer his named Jim who has been doing some videos, showing profits and losses. On June 12, Jim made $600 on a funded account and lost $300 on his own account. Jim trades NQ exclusively.

Iíve also talked to Randy on the phone. Some take aways Iíve gotten watching dozens of these YT videos and the phone conversation I had with Randy regarding his autotrader: (in no particular order)

Randy shows good days. He rarely shows losses. He does tend to cherry pick the days he shows. I asked him about this and he said yes, thatís correct as he uses his YT videos as a marketing tool. I told him that I personally thought that was disingenuous at best and dishonest at worst. I also said that if he wanted to be transparent, he would show all his trades, not just the winners. His response was that Iím welcome to my opinion and thanks for my feedback, but he has no intentions to change his method of marketing.

Jim has been showing losing days as well as winning days. The transparency he has shown was a welcome change.

Randy does trade his own account, however, he very rarely shows this. I have seen trades on his own account only once, which was on ES. It was profitable for him.

The trades Randy shows are on live SIM, so the fills should be fairly close to a live account.

He uses about 20 different templates across the different instruments he trades. Iíve seen ES, NQ, CL, ZB, GC, FDAX, YM (although YM seems to be rare). However, he is not suggesting that someone try to duplicate this, he is intending to show that his autotrader can be used with different instruments, implementing different strategies.

He provides all templates to use and will set up the autotrader software via Skype or teamviewer. However, he does say that you as the user should tweak it for your own risk and MM style.

He suggests that a user should only use 1 chart template on 1 instrument to start with and get familiar and comfortable with how the autotrader works.

Posters here talk about the supertrend indicator that is used, but it doesnít appear like that is the only strategy used by Randy. There are several others which I have seen in use.

Note that I have no association with Randy, BWT or Jim who has been doing the live videos. Iím only writing my observations as Iíve been interested in finding an auto trading method for my own strategies and found the BWT site and videos by searching. Of course, being a member here helps as a way to get multiple opinions and experiences as well.

If I think of anything else, I will add to this thread later.

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  #59 (permalink)
Georgia
 
Experience: Intermediate
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spideysteve View Post
Iíve been watching his YT videos off and on for about 6 months now. Lately heís had a customer his named Jim who has been doing some videos, showing profits and losses. On June 12, Jim made $600 on a funded account and lost $300 on his own account. Jim trades NQ exclusively.


Randy shows good days. He rarely shows losses. He does tend to cherry pick the days he shows. I asked him about this and he said yes, thatís correct as he uses his YT videos as a marketing tool. I told him that I personally thought that was disingenuous at best and dishonest at worst. I also said that if he wanted to be transparent, he would show all his trades, not just the winners. His response was that Iím welcome to my opinion and thanks for my feedback, but he has no intentions to change his method of marketing.

Randy does trade his own account, however, he very rarely shows this. I have seen trades on his own account only once, which was on ES. It was profitable for him.

The trades Randy shows are on live SIM, so the fills should be fairly close to a live account.

Doesn't that tell you all you need to know?

The best education you will ever receive is free if you are willing to put the time and effort in looking over futures.io

Does that surprise anyone that vendors NEVER show real live trading results?

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  #60 (permalink)
Fort McMurray, AB Canada
 
Experience: Beginner
Platform: NT, MT4, Jigsaw
Broker: Continuum
Trading: ZN, ES
 
spideysteve's Avatar
 
Posts: 144 since Mar 2015
Thanks: 352 given, 157 received



fesx View Post
Doesn't that tell you all you need to know?

The best education you will ever receive is free if you are willing to put the time and effort in looking over futures.io

Does that surprise anyone that vendors NEVER show real live trading results?

Whatís interesting is that he has a customer who is showing live results.

Randy is putting the videos done by Jim on his own YT feed pretty much daily. Jim shows losses and wins on a funded account and his own live account.

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