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Blue wave trading review
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Blue wave trading review

  #1 (permalink)
Elite Member
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Blue wave trading review

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)
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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

Last edited by NMTrader; July 1st, 2009 at 09:04 PM.
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  #3 (permalink)
CL Assassin
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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)
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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)
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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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  #6 (permalink)
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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)
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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)
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Good signals....but too many

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)
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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)
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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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