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Best Pro Trade - Is it a reputable company?
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Best Pro Trade - Is it a reputable company?

  #11 (permalink)
Trading Apprentice
London, UK
 
Futures Experience: Master
Platform: London hedge fund
Broker/Data: Goldman Sachs
Favorite Futures: Crude CL
 
wintergasp's Avatar
 
Posts: 29 since Sep 2016
Thanks: 1 given, 29 received


Neo1 View Post
Scam = 99%

If you had a mechanical system that was so good it could just run on auto pilot, the why would you bundle it up and sell it to retail punters? When you could scale it up yourself and makes billions

This is true. I've been working in hedge funds for 8 years now and I can tell you we would never, ever give anything out, even for 1m$. At some stage we had interns look at those 5k-10k$ trading algos and I don't think we've ever found anything worth digging into, let alone trading live.

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  #12 (permalink)
Scott Trader
Houston
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: AMP Futures, FXCM, Mirus
Favorite Futures: Forex
 
Posts: 6 since Jun 2011
Thanks: 1 given, 1 received

Best Pro Trade

I still use it. It works well. Many parameters to use for optimizing the system. You need to know how to optimize the system using NinjaTraders back testing, or you're flying in the dark. Lots of flexibility to set your own parameters. A very advanced system!

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  #13 (permalink)
Scott Trader
Houston
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: AMP Futures, FXCM, Mirus
Favorite Futures: Forex
 
Posts: 6 since Jun 2011
Thanks: 1 given, 1 received

BPT


BPT is no scam. It is a real trading system. The indicators are top notch. They work perfectly. I see people who lose money trading and blame the broker, the indicators, autotrade systems, they don't know how to work, etc., but never take blame themselves. Trading is not for amatures. People buy many systems, over margin, etc., then blame the system they are using. Man up and take responsibility for your own trading. BPT supplies good tools for traders. He clearly put a lot of time and money developing them. How you use them and the parameters you set, is up to you. Most complainers have never optimized a trading system before. They just turn it on, over margin, and gamble instead of trading. I was a commodities broker in 1989 and have been trading ever since. If you don't understand market liquidity, margins, and setting stops, don't even attempt trading. I use about 4 trading system indicators. BPT has some I like, no one else has, so I use them. To say "if they worked, he would never sell them" is BS. Everyone sells MACD's and they work. Investment advisors make lots of money for their clients, and they don't trade only their own money. Almost every autotrade system has an infinite number of variables you can set. You must keep tweeking them. One setting will never work forever. One may work on an expending market, another on a contracting market, etc. I also have proprietary system with source codes I purchased, but I have never sold trading software. When I bought it, about 300 people had lifetime licenses they purchased, so I allow them to continue to use it at no charge through server authentication. I just trade for myself now, and do pretty well. It was an expensive education, as most traders will tell you. Thought of the day: Make 10% per day trading, and you can turn a $5,000 account into over $20 million in 90 days. Easier said than done, though! Lol That's the allure of trading.

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