Does anyone have any experience with Julie Wade. I keep getting spammed by Shark Indicators periodically (they're pushing this vendor as she does Bloodhound based products) and I have Bloodhound. I was therefore wondering if this vendor was legit in anyway.
Personally I think Renko charts are BS after playing around with them last year but that's my opinion. Any vendor who is selling Renko based indicators and strategies is a scammer in my book trying to sell the holy grail which doesn't exist.
Please correct me if I'm wrong !
Can you help answer these questions from other members on futures io?
Best way to find out if Julie is legit - ask her if she uses her product in her trading, and if she is profitable. If both answers are affirmative, she should have no qualms proving that to you with a brokerage statement.
Of course, 99% of vendors will have a bevy of excuses lined up why they can't provide brokerage statements (my favorite: "it is illegal"). Once you get an excuse, post it here, and then run away as fast as you can.
The following 6 users say Thank You to kevinkdog for this post:
Actually, Kevin I am building strategies and trading them with Renko bars. Like many other traders and strategy developers, I can't imagine trading with any other bar type. I am also a NinjaTrader vendor, and am not allowed by my agreement with NinjaTrader to post performance. I believe this is because it is actually not allowed by the CFTC, which is where NinjaTrader gets it from.
Look, if you are day trading, you are mainly trading noise. Your strategy must take into consideration the context of the type of volatility and trend that are present in the market. That is why it is so difficult to backtest a strategy. Unless you are just saying I will open a position on the first reversal bar at the Y-61.8%. Which by the way is a good strategy for crude. Otherwise, you need to start trading a strategy once a condition exists. Like yesterday with NQ after 10:15 am central. From 10:15 am Central to the close, you could hit any reversal and make money.
@Julie - Thanks for setting the record straight. Regarding performance, you have obviously done some research so could you provide some link from Ninjatrader & CFTC which say that you are not allowed to post performance? I would definitely be interested to find out the criteria needed to post performance.
Thanks,
iq
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