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YES, I am glad you asked. But, only if you trade Forex will you have a problem. I cannot speak about Futures, but I purchased the subscription based upon watching the Futures and asking in the webinar if it worked on Forex. It does not and they lied to me. It took multiple, multiple emails before they would answer specific questions. To their credit they did refund my money. (Unlike the Trade The Fifth's Rollercoaster piece of crap!) Nevertheless, I did a review on a review site about Buyside Global. I think the product looks good for Futures, but will not work with Forex.
I contacted NinjaTrader about what they did in misrepresenting Forex, but nobody listened. I also contacted them regarding TradeTheFifth and their RollerCoaster indicator, but again, nobody cared.
I guess the vendors are the ones who "push" the platform, but the ones who buy the licenses mean nothing? TT5th did (silently) agree by advising traders that they should trade the Futures equivalent if they trade Forex. They also changed the subscription from 3 months to 1 month. How did that help me? They refused to refund even though the Forex Rollercoaster continued to put out terrible risk to reward, Consistently 5,10 risk to 1 reward.
I realize they are two different vendors, but the point is NinjaTrader didn't pursue it. And we get stuck with the bill.
Onward!
GuyMM
miami florida
Posts: 48 since Aug 2015
Thanks Given: 37
Thanks Received: 54
Does anyone have experience with the AutoTrader?
maskanikali
malmo sweden
Posts: 19 since May 2013
Thanks Given: 44
Thanks Received: 6
If indeed it did pulled in the points, Goldman sachs would have bittten their arm to own it. Just push a button and money rolls in? seriously? The ghost of P.T. Barnum must be rolling in laughter. Run, Forest, Run Fast away from the big bad vendor in wolf clothing.
I have been an active daytrader since 1992. Win/Lose/Draw up/down w/partnerships & big-dick swingin' accounts and micro & emini accounts all along the way.
In fact back in the day I had a direct line to HAMMER TRADING on the floor of the S&P500 open outcry (20+ years ago) & my father was a p/t 'bean & belly' member in the 70's.
Anyways, 'nuff 'bout that.
I have a high intellect that is fairly useless, so it tends to DRIFT & explore other 'ideas' and such on a monthly basis. I am a mechanical rule-based trader through and through though - so when 'bored' I gravitate towards others that show their work and market their work as well. Fair enough, right?
Over the years I have trialed buysideglobal 3 times for a month each time for shits and grins - it's 'theatre' for me.
IF you are very adept at creating alot of 'filters' and give yourself at least 2 to 1 gross, but preferably 2.5 to 1 up to 3 to 1 reward to risk trade management parameters for signals that FIRE w/TREND & trade the NQ and/or ES/YM you "might" have a long-term fighting chance.
However, it will take 6 months of in-sample refinement & you HAVE to adapt to daily ATR in regular intervals to dial in the current mostly correct timeframe/range bar/heiken-ashi/tick/volume chart.
Then you have to define your times of day to trade - & make allowances for big reports/Fed Speak days/FOMC et al.
I did extensive analysis *and I am quite proficient at it and in the end I feel no one needs to pay for this 'cause on the DOWNSIDE buysideglobal does the typical ponderous/trite oh-so predictable HUSTLE of 'HEY - we have something new - check it out!'
Over and over and over. It's masturbation w/failed orgasms repeatedly.
Their target market is beginner traders who are unable to 'adapt' - so they keep 'em on the hook w/the monthly NUT and then eventually UPSELL into the lifetime 'you own it' thing & I am sure 'private tutorials' for the deep-pocketed degenerate gambler.
I recall spending $200 over the course of 4 years w/a bonus month given to me 'cause I gave them alot of 'consumer' feedback.
They even tried a trade room - I am sure that turned to shit but I wasn't down with any of that.
Hope this helps traders that don't have the years behind them yet - best to find a strategy - OWN 1-2 QUALITY setups - work that EDGE over time - be a maniac when it comes to trade management (test test test) & realize this is a never-ending chess game that statistically will grind you down unless you have a proven edge over time.
Forget about psychology - that's for scared money - does your proven 'edge' make short-term/daytrading WORTH all this effort vs a skilled career as a professional where you pump money into your retirement fund & have a normal life where you exchange your time & expertise & alot of bullshit in the corporate & private enterprise for $$$$ ???
Up to you but I wouldn't waste more than 5-7 years p/t - after that if you are not earning your EDGE - just work more HOURS at your job and become a true craftsman at that & live your life.
"Up to you but I wouldn't waste more than 5-7 years p/t - after that if you are not earning your EDGE - just work more HOURS at your job and become a true craftsman at that & live your life."
That leaves me with about two years left :-0....Just kidding. Interesting words and I enjoyed them. Thanks for the input.
I mean it depends - put up 2-3 timeframes and look for confluence & such. But it's probably alot like a modified supertrend w/confirmation.
Hard to remember it all but I do recall back in 2011 when I 1st trialed them their software was similar to Abletrend & I had some decent 'FUSION'-esqu vibes whilst I screwed around for a month on vacation in August.
The RUNNERS (trailing stop in NQ) were good - but any software w/a volatility-based stop (based on your own timeframes traded) would probably do just as good.
As I always write - find your 1 or 2 setups that have a definable edge over time & become a CRAFTSMAN 'master' at those & let the 'edge' take over from there.
And don't break your rules - everytime you do - watch Mark Douglas' 5 hour seminar here!!
