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Build Alpha Review


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Build Alpha Review

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  #41 (permalink)
goodoboy
Houston
 
 
Posts: 336 since Dec 2016
Thanks: 286 given, 223 received


ttinkham View Post
I have been using Build Alpha now for multiple months and have no connection to the developer. I did encounter a few bugs which David already had solutions for when I contacted him. I would agree with previous posts that David is great with support. He normally responds within minutes to any email I send so my issues were resolved quickly. Like previous people have said, this software is a tool. If your expectation is to buy software that builds you the holy grail trading strategy, then don't buy it. I would say that it is a tool that can help you build profitable strategies that will work for a while with current markets.

I would say that diversification is the key. My advice is to use BA to build 10 strategies that are currently profitable and trade them simultaneously. Do this in simulation for a few months first to make sure all is good!! Eventually as market conditions change you will have some strategies that become un-profitable. At that point you pull them out and add a few new ones. I also don't trade anything without a stop loss that is ordered with the broker on my strategies. I use TradeStation and always worry that my PC might crash, or my internet goes down when I am not home when the market goes against me, and my strategy is unable to exit the trade.

I was new to easy language when I bought BA and the code it produced has helped me greatly to learn. The ways you can set Build Alpha up are unlimited so the results I get are totally based on the setup I use. I have also found that certain setups work better depending on what I am trading. It takes a GREAT DEAL of experimentation. I played with BA for months before even doing a simulation in TradeStation. Don't ask me the setups I use because I won't tell you!! At the end of the day this is a zero-sum game and we are all trading against each other, so I am out to take your money and not about to offer up how I do it.

One other thing to note is that when I first bought BA, I had a fairly old and slow computer. After setup, BA tries thousands of indicators and parameters against marked history and this hammers on the computer CPU so it took forever to start getting good results. I ended up buying a new PC with the latest and fastest i9 processor with fast gaming RAM and it made a huge difference.

Happy Trading

Good Morning ttinkham;

Thank you for the review.

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