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Blue wave trading review


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Blue wave trading review

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  #1 (permalink)
 tellytub 
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Hi

Does anyone here in this forum tried out the Bluewave trading indicator?

Just wondering if its any good as a system.

Thanks

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  #2 (permalink)
 NMTrader 
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Unfortunately I do. It worked great for 5 weeks after which I gave it all back plus more. That is when I realized there is nothing like using your brain to trade. So my recommendation is to run the other way.

But this is my opinion based on my personal experience. As always there is a disclaimer in the trading world...what does not work for me may work for someone else.

Regards, NMTrader
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  #3 (permalink)
 Gary 
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I purchased the indicators many months ago. I would recommend at the very least, you get a trial, and ask for a trial to the trading room as well for more information on how they recommend you setup the indicators. There are pros/cons, uses, etc.. just like any indicators, but like NMTrader said, I would spend more time on your mental game and price action and less on the "perfect" indicator.

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  #4 (permalink)
 JamTheTrader 
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Well put NMTrader and Gary, there is no holy grail accept within you. Get your head on straight and focus on capital preservation, sound money management, and your exits. Entries are easy!

All indicators go through periods of truth and periods or lies.

JamTheTrader

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  #5 (permalink)
 David_R 
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Yes, I bought them years ago and lost and I bought other indicators years ago and lost. I finally came to the conclusion it has nothing to do with the indicators. The indicators a probably good. I remember talking with the guy the sells them and he seems like a decent person. If I had found futures.io (formerly BMT) years ago I could have saved a lot of money. If you want or need indicators you can find all you need here and more, but as the others have said its in you. My advice/opinion is don't buy any indicators unless of some type of mentoring or education comes along with them.

David

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 CDesai13 
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David_R View Post
Yes, I bought them years ago and lost and I bought other indicators years ago and lost. I finally came to the conclusion it has nothing to do with the indicators. The indicators a probably good. I remember talking with the guy the sells them and he seems like a decent person. If I had found futures.io (formerly BMT) years ago I could have saved a lot of money. If you want or need indicators you can find all you need here and more, but as the others have said its in you. My advice/opinion is don't buy any indicators unless of some type of mentoring or education comes along with them.

David


I also bought them a while back and agree that some of them are good and Randy (the owner/developer of Bluewave is a good guy. I think you can find almost every indicator on futures.io (formerly BMT) though and probably should spend more time looking around here for what you want. Completely agree with David...

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  #7 (permalink)
 Pava 
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It's hard...if not impossible to trust anyone charging $5000 for 3 month for an automated system that "works"...well...if it works...why don't they trade it themselves?....

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  #8 (permalink)
 Jaguar52 
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Yes, I use the BWT and have for many years. They are good tools..but you cannot take every signal or you will go crazy and give back as much as you get.

So, learn to trade beyond the blue and red bars and you will be fine. That means you need to apply strict money management rules, and you need to filter out some of the signals.

Lastly, you can get the equivalent of those tools right here at futures.io (formerly BMT). All you need is to learn how to use them or learn how to use the BWT.

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  #9 (permalink)
 spikoloco 
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Sounds interesting, I have BWT and I think they are OK, it depends on how you set up your charts and time frames....... what would be the equivalent of BWT Precision Trend in this forum?

ST

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  #10 (permalink)
 Jaguar52 
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spikoloco View Post
Sounds interesting, I have BWT and I think they are OK, it depends on how you set up your charts and time frames....... what would be the equivalent of BWT Precision Trend in this forum?

ST

You can use SuperTrend, and there are other versions available on the web and here.

Keep in mind what I said before about learning to trade beyond the go dots or the bar color changes.

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  #11 (permalink)
 Jaguar52 
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I have been using the BWT for a few years, and finally discovered SuperTrend and realized that there was nothing special about the BWT's at all. It is mostly cosmetic. I have traded these tool-sets side by side and noticed no difference in the signal firings.

You can get the SuperTrends on this forum, or buy indicators from different vendors that are also great duplicates. You can even get a decent auto trader.

BW has turned off the license for the indicators I paid for and have used for these past few years. He has not refunded my money.

Indicators can add an edge when used well with emphasis on the most leading indicators of price, s&r, TOD, FTP.
So, before you spend a fortune on hyped up stuff with big price tags, consider alternatives. There are no secret indicators, or secret setups, or anything secret.
Your ability to trade well will ultimately (imho) come down to your willingness to learn to trade price action first, indicators second.

Also, if you are going to pay a large amount of money on any tools, better make sure there is real live training available on how to use them to trade with. Buying indicators and a printed manual of setups does not cut it. Show and tell in the live market is the difference between someone who sells hype and theory, and someone who actually can trade well with their own tools and setups.

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  #12 (permalink)
 fesx 
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For what its worth.....I was using Blue Wave with Tradestation and decided to scrap Tradestation and begin using NinjaTrader about a year ago. I asked Randy would he transfer my license to my Ninja software...He said yes...if I paid for a new license...lol...I told him no thank you...and thanks to him and his cockiness, I found this site which has made me a much better trader!!! Thank you Randy...I really owe you alot of thanks!!!

Mike, did he only turn off your license????? If you want to keep this personal at this point I understand...just more curious why he would turn off a license in which someone has paid for.

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  #13 (permalink)
 Big Mike 
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I haven't used them in so long I don't know if he turned mine off. I don't even have them installed anymore. Why would he turn anyone's off that is a paying customer? That sounds like a lawsuit waiting to happen.

Mike

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  #14 (permalink)
 benbrooke 
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to set your chart like BW
use these setting

They have a nicer arrows :-)

Keep on sowing your seed, for you never know which will grow -- perhaps it all will.

-- Albert Einstein
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 cashinvestor 
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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.

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  #16 (permalink)
 ThatManFromTexas 
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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.

Just my 2 cents worth...

Randy has been around for a while. Nice guy, lives in Hawaii. He's had his ups and downs trading for himself and trying to sell his programs. He was coming off of a down period when I talked to him, years ago. He had had a couple of his strategies on Attain Capitals' system tracking and had gone from super star to falling star. He offered a low ball price on all his stuff, said he was raising money to trade again. I talked to him several weeks later and he was on the upswing again. He said some Wall Street firm had licensed one of his programs and he felt he was going to get rich off of it. I asked him if the quote he had given me for $1,500 instead of the $3,000 list price was still good. He said... No, now that I have a big client with real money I don't really want to sell it anymore, unless you are willing to pay oh...say... $30,000. I laughed, told him congratulations on his success, shot the bull for a few minutes and went on with life. Months later I noticed he was advertising his systems for $1,500 to $3,000 again depending on when you saw his ad.

IMHO, Buying an automated system that will trade and make money for you consistently without your brain being engaged .... well... there's a fella here in Texas that sells a system for picking winning lottery numbers... he sells the system for $9.99...

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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 vegasfoster 
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Check out this site Million Dollar Forex Challenge This guy is trying to use bots to make money in forex. He blew out his first account and after 4 weeks is down $1200 and change on the second account.

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  #18 (permalink)
 Jaguar52 
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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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  #19 (permalink)
 ThatManFromTexas 
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Jaguar52 View Post
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.


I'm old so bear with me.

If the system consistently makes money;

(1) Does Randy trade his own system? He didn't when I met him.

(2) Why would they sell it? If they wanted more money , couldn't they just trade more contracts?

(3) After all these years with a system that makes money consistenly , why do they still sell software for a living?


I talked to a software company (who shall remain nameless) years ago and asked for references. They gave me what I later found out was the contact info for their programmers... I'm just sayin'

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #20 (permalink)
 Jaguar52 
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ThatManFromTexas View Post
I'm old so bear with me.

If the system consistently makes money;

(1) Does Randy trade his own system? He didn't when I met him.
(2) Why would they sell it? If they wanted more money , couldn't they just trade more contracts?
(3) After all these years with a system that makes money consistenly , why do they still sell software for a living?

I talked to a software company (who shall remain nameless) years ago and asked for references. They gave me what I later found out was the contact info for their programmers... I'm just sayin'

1 - GOOD QUESTION. BE WARY OF VENDORS WHO DO NOT TRADE THIER OWN STUFF SUCCESSFULLY BUT BEHAVE AS THOUGH YOU SHOULD BE ABLE TO DO WHAT THEY CANNOT.
2 - ACTUALLY IF THEY WERE MAKING MONEY TRADING MORE CONTRACTS IS ONE WAY, BUT SOME PEOPLE ARE RISK ADVERSE SO ADDING MORE RISK MAY NOT BE A REALISTIC OPTION.
3 - GOOD QUESTION. SOME PEOPLE JUST LIKE TO DO WHAT THEY DO. TAKE BM HERE. I AM SURE HE DOES NOT NEED THIS FORUM AND ALL THE AGGREVATION AND WORK THAT GOES WITH IT. MAYBE IT IS JUST FUN.
4 - YES! VERIFY THOSE REFERENCES.

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  #21 (permalink)
khan786
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tellytub View Post
Hi

Does anyone here in this forum tried out the Bluewave trading indicator?

Just wondering if its any good as a system.

Thanks

its simple cross over of 10-20 ema.do not buy its batter to give them money u give play station to ur kids with that money

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  #22 (permalink)
 ThatManFromTexas 
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Jaguar52 View Post
1 - GOOD QUESTION. BE WARY OF VENDORS WHO DO NOT TRADE THIER OWN STUFF SUCCESSFULLY BUT BEHAVE AS THOUGH YOU SHOULD BE ABLE TO DO WHAT THEY CANNOT.
2 - ACTUALLY IF THEY WERE MAKING MONEY TRADING MORE CONTRACTS IS ONE WAY, BUT SOME PEOPLE ARE RISK ADVERSE SO ADDING MORE RISK MAY NOT BE A REALISTIC OPTION.
3 - GOOD QUESTION. SOME PEOPLE JUST LIKE TO DO WHAT THEY DO. TAKE BM HERE. I AM SURE HE DOES NOT NEED THIS FORUM AND ALL THE AGGREVATION AND WORK THAT GOES WITH IT. MAYBE IT IS JUST FUN.
4 - YES! VERIFY THOSE REFERENCES.

Have they ever published their actual trading results instead of backtested results?

I don't have an Ax to grind, Randy seemed like a decent enough fella.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #23 (permalink)
 Jaguar52 
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ThatManFromTexas View Post
Have they ever published their actual trading results instead of backtested results?

I don't have an Ax to grind, Randy seemed like a decent enough fella.


Not that I know of. The only results from using the BWT Precision Indicators were those published by me when I used them while moderating the trade room.

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  #24 (permalink)
khan786
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ThatManFromTexas View Post
Have they ever published their actual trading results instead of backtested results?

I don't have an Ax to grind, Randy seemed like a decent enough fella.

lol RNADY IS DECENT UNTILL HE GET MONEY

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 ThatManFromTexas 
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khan786 View Post
lol RNADY IS DECENT UNTILL HE GET MONEY

I was trying to be " fair and balanced".

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #26 (permalink)
 mainstream 
Chicago, IL
 
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I looked into this system and attended a few of the trials. Looks like he was ahead of the curve in 07-08 with the range indicator and the CCI. It's just a different market now, and as everyone else has said Super Trend...

Remember backtesting the super trend? The signals are 50/50. I always wondered what happened to the guy who want to create a signal for when price retraced to the supertrend channel and then bounce back in the direction of the trend? Then I saw that was the same trade as the 9-30 grail trade.

Basically different indicators showing the same thing....

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  #27 (permalink)
 redpilot 
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The truth is that I have seen these indicators and have left me amazed at their facility. What indicators can put to work free as BWT?......
1-TSSupertrend
2-
3-
4-
5-
6-

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  #28 (permalink)
 Jaguar52 
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danemo View Post
The truth is that I have seen these indicators and have left me amazed at their facility. What indicators can put to work free as BWT?......
1-TSSupertrend
2-
3-
4-
5-
6-


You can also get a modified version of super trend from BBTrades and a great deal cheaper than the BWT.
You can use the cci filter element set to 20p.

Like everything else, your ability to trade well with anything involves thousands of hours of screen time with that same tool set, and while you are at it, understanding of price action within the context of your chart structure.

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  #29 (permalink)
 Zoethecus 
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Jaguar52 View Post
You can also get a modified version of super trend from BBTrades and a great deal cheaper than the BWT.
You can use the cci filter element set to 20p.

What are the names of those BBTrade indicators?

Do you have any relationship or financial interest in BBTrades, its indicators, or JAT?

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  #30 (permalink)
 kaltrax 
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Zoethecus View Post
What are the names of those BBTrade indicators?

Do you have any relationship or financial interest in BBTrades, its indicators, or JAT?

Hello Zoethecus:

I was see his indicators and JAT system for NT.

Take a look at bbtrades.com

there are more cheap than BWT.

I'm using PBF indi's and they are great and sharp (only trade ES now) (high price but i'm happy)

Good trading

Sorry my bad english.. oops

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  #31 (permalink)
 Jaguar52 
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Zoethecus View Post
What are the names of those BBTrade indicators?

Do you have any relationship or financial interest in BBTrades, its indicators, or JAT?


bbtrades indicators.
I have no financial or personal interest in BBtrades or Blue Wave or JAT.

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  #32 (permalink)
 redpilot 
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Hello Kaltrax,
Where I can find this indicator "PBF indis" that you comment.
Thank you

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 tellytub 
london uk
 
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danemo View Post
Hello Kaltrax,
Where I can find this indicator "PBF indis" that you comment.
Thank you

You can get it from here

https://paintbarfactory.com/

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 redpilot 
S/Europe
 
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Thanks guys

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  #35 (permalink)
 Ralph07 
London UK
 
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Hello guys,

My boss (who is trying to be a trader) has a new whim and wants to find a "holy grail" system that makes autotrading...
He told me about Blue Wave trading and he is considering buying it

Before he makes that mistake, I would like to build the Blue Wave chart for free, test it for him and show him that he is losing his time... I saw in former posts a few of the indies that could help me : CCi and supertrend...
But does someone has an idea if the equivalent of those indicators are here on futures.io (formerly BMT) (I guess that they are all here...) :
-BWTMA convergence
-BWT percentRstoch
-BWTprecision CCI

Thanks a lot for the help!

Have a great trading day!

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 JPx2 
Columbus, IN. USA
 
Experience: Intermediate
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I have the ATPrecision and it works fairly well except in choppy waters.
If you want it, please PM me.
Jim





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.


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 JPx2 
Columbus, IN. USA
 
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Posts: 14 since Oct 2009

I never saw an answer to your post.
Did you manage to get anything? I would be interested also.
Regards,
Jim




Ralph07 View Post
Hello guys,

My boss (who is trying to be a trader) has a new whim and wants to find a "holy grail" system that makes autotrading...
He told me about Blue Wave trading and he is considering buying it

Before he makes that mistake, I would like to build the Blue Wave chart for free, test it for him and show him that he is losing his time... I saw in former posts a few of the indies that could help me : CCi and supertrend...
But does someone has an idea if the equivalent of those indicators are here on futures.io (formerly BMT) (I guess that they are all here...) :
-BWTMA convergence
-BWT percentRstoch
-BWTprecision CCI

Thanks a lot for the help!

Have a great trading day!


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 billsingh 
San jose
 
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JPx2 View Post
I never saw an answer to your post.
Did you manage to get anything? I would be interested also.
Regards,
Jim

Hi JPx2 what is that ATPrecision ??? is it indicator or system ??? is it posted here ???

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 BeachTrader 
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billsingh View Post
Hi JPx2 what is that ATPrecision ??? is it indicator or system ??? is it posted here ???


Looks like the dude got banned.

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 billsingh 
San jose
 
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BeachTrader View Post
Looks like the dude got banned.

ops...

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  #41 (permalink)
 Amsterdam Whale 
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Jaguar52 View Post
I have been using the BWT for a few years, and finally discovered SuperTrend and realized that there was nothing special about the BWT's at all. It is mostly cosmetic. I have traded these tool-sets side by side and noticed no difference in the signal firings.

You can get the SuperTrends on this forum, or buy indicators from different vendors that are also great duplicates. You can even get a decent auto trader.

BW has turned off the license for the indicators I paid for and have used for these past few years. He has not refunded my money.

Indicators can add an edge when used well with emphasis on the most leading indicators of price, s&r, TOD, FTP.
So, before you spend a fortune on hyped up stuff with big price tags, consider alternatives. There are no secret indicators, or secret setups, or anything secret.
Your ability to trade well will ultimately (imho) come down to your willingness to learn to trade price action first, indicators second.

Also, if you are going to pay a large amount of money on any tools, better make sure there is real live training available on how to use them to trade with. Buying indicators and a printed manual of setups does not cut it. Show and tell in the live market is the difference between someone who sells hype and theory, and someone who actually can trade well with their own tools and setups.

Decided to drop out of hyperspeed, pop my head in from the multiverse a minute here and note that in my opinion this is one of the best posts on any trading forum, in this dimension and every other. Ah, I hear the protests, "There's no secrets, no 'grails holy or otherwise, not even any real technical advice, a cheeky guru-ish foretelling of likely riches... not even a damn ad hominem attack for entertainment value?!!! What's so bloody great about that??!!?"

Exactamundo.

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 Amsterdam Whale 
Victoria, BC
 
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Amsterdam Whale View Post
Decided to drop out of hyperspeed, pop my head in from the multiverse a minute here and note that in my opinion this is one of the best posts on any trading forum, in this dimension and every other. Ah, I hear the protests, "There's no secrets, no 'grails holy or otherwise, not even any real technical advice, a cheeky guru-ish foretelling of likely riches... not even a damn ad hominem attack for entertainment value?!!! What's so bloody great about that??!!?"

Exactamundo.

I've never used Blue Wave Trading's autotrader or any product but for some bar-types I bought a couple of years ago. Theywere fine, they were... well, just bartypes. It's important to note that the last AmsterdamWhale comment is off topic and meant as a positive, supportive response to the poster's attempt to draw our attention away from 'ad hominem attacks', to trading's core requirements - because I know that a great deal of what's said on forums is very much misunderstood by the voracious yet intellectually lazy minds of many new traders trying to make a go of things. The biz attracts quick buck wannabes like no-where else, let's be frank. I came to this way of thinking after reading a lot of dangerously libelous 'reviews' of both big and small money trading software products that I had very positive experiences with. I started talking to people and thinking about why this was so because I decided that leaving it at some version of, 'because they're idiots' was, while no doubt true, the same cop out 'the idiots' were making.

I developed a theory that people had incredibly unrealistic exepectations of trading and that the preponderance of info many people were getting they were cherry-picking from forums etc, Of course it's their own damn fault but I wasnt questioning blame, that's obvious from the start ('idiots', remember?). It did bother me though, personally.

It was a hard decision for me to take, but a full third of the trading kitty I'd scraped together I decided to spend on a traderoom/educational package. If I had not made that decision 4 years ago I would not be enjoying the amazing success I'm very proud of.

One thing I discovered was that some of the worst offenders were people who hadn't even paid the money - but were using pirated copies! I should have known! In fact I remember it wasn't long after I'd made that decision to spend the $$ on edu when I found a review of my edu provider that was so aggresive and so venemous, so detailed and so long-lived - the entries were over a three year period - that I literally vomitted from the sudden panic i felt considering that I might've just in reality put my family's future in the dustbin while trying so hard to improve our lives. It wasn't the case, thankfully, but for real - the educator's been under constant assualt during the 4 years I've been trading full time and yet I've found greater success than I'd even hoped for by initially using his methods, his products and in the first 18 months, his routines and traderoom everyday. . .

So, I've decided that it was my expectations which played the decicive role here, more so even than my abilities, dedication, and determination because, well, because expectation neccesarily precedes all of those other factors in the reasoning process, yet often is the least considered element. Objectively, anyhow.

Importantly, what I mean here is less obvious than just one's expectations about specifically what one expects a provider to provide, because in looking into this a bit more deeply I found that the material and/or personality behind it can all be top notch but if success is not met, expected success anyway, students/consumers genuinely feel ripped off. There seems to be some confusing between knowledge that is difficult to attain because it's kept under wraps by someone who isn't eager to share it (unless the $ is right) and knowledge difficult to attain because its complexity requires the 'build one step upon the last' approach. Lots of candid market participants shared with me that, at the outset, they'd really believed it was the former type they had to aquire. There's really a lot of things in our society generally and in trading in particular which foster this point of view which, if never actually challenged, is in many ways a natural-enough position to take - for an idiot anyway.

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thailerdurden
san antonio, tex
 
 
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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.

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 iq200 
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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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 forgiven 
Fletcher NC
 
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trust us it is the grail...how much more do you need to know. if there are any users that were green in 30 days and now live in Saint Kitts please share with us the blessed thrill ride

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 fesx 
Georgia
 
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If any of your automated products are profitable, the solution is simple...put your own $$$$ in an account and show us real results after a month, 3 months, a year. You can then attach the customary statement that past results are not indicative of future results...blah blah blah. I think its sad that most newbies feel it would be so easy to trade if only they had this or that indicator or product. If you want to learn to trade, put in your effort and time if you want to be a successful trader. There is no Holy Grail!!!

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thailerdurden
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fesx View Post
..... its sad that most newbies feel it would be so easy to trade if only they had this or that indicator or product. ..... Holy Grail!!!


So after speculating in futures since 1989 with real $$$, and studying it since 1979 I'm still a newbie! Point taken.

Ya, the last thing I need is another indicator.

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thailerdurden
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khan786 View Post
its simple cross over of 10-20 ema.


how can it be a simple 10 20 ema cross over when trades are triggered after 2 bars the same color?

I can get my own 3 line break charts to look something like Blue Wave's.

Someone said the Blue Wave can be copied from Super Trend which is found somewhere on this site.

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thailerdurden
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Jaguar52 View Post
I have been using the BWT for a few years ..........You can get the SuperTrends on this forum, o.

where can I get it? exactly??

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  #50 (permalink)
 cory 
the coin hunter
virginia
 
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thailerdurden View Post
where can I get it? exactly??

go here, click 'search this thread' at lower top left corner, enter supertrend

or use https://futures.io/search/attachments/

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  #51 (permalink)
thailerdurden
san antonio, tex
 
 
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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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 Dazza11 
manila
 
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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)
 tommartin321 
Woodland Hills, CA
 
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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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 iq200 
Surrey, UK
 
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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)
 forgiven 
Fletcher NC
 
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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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 iq200 
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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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 tommartin321 
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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)
 spideysteve 
Fort McMurray, AB Canada
 
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Ive been watching his YT videos off and on for about 6 months now. Lately hes 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.

Ive also talked to Randy on the phone. Some take aways Ive 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, thats 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 Im 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. Ive 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 doesnt 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. Im only writing my observations as Ive 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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 fesx 
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spideysteve View Post
Ive been watching his YT videos off and on for about 6 months now. Lately hes 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, thats 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 Im 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)
 spideysteve 
Fort McMurray, AB Canada
 
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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?

Whats 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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  #61 (permalink)
 iq200 
Surrey, UK
 
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Do you have a link for the customer?


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  #62 (permalink)
 spideysteve 
Fort McMurray, AB Canada
 
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The customer (Jim) sends videos to Randy of his live trades. Randy posts them under his YT channel. If you go back for about the last 2-3 weeks, youll see videos almost daily done by Jim.

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 iq200 
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spideysteve View Post
The customer (Jim) sends videos to Randy of his live trades. Randy posts them under his YT channel. If you go back for about the last 2-3 weeks, youll see videos almost daily done by Jim.



Ok thank-you. I thought perhaps the person also had their own channel.


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