ntcat I have been using there bot for over month, I had to go over there videos alot and once I understood how there set up and how the bot hunts for trades I have had really good success with it!! I personally do not just turn on bot and let it run I determine which direction its moving and let it hunt for those trades, then I always manage the trade. I am always looking for the patterns that repeat and the bot has caught at least 85% of them.
The following user says Thank You to This is the man for this post:
I got some spam from this outfit, visited the website and videos, and then found this thread. After reading all the comments, all I can say is the song remains the same. The company is in the bot business--they aren't traders and don't trade for a living. They don't eat their own cooking and have no skin in the game. What's more, the prices they charge are astronomical and you have to pay for every bigger and better bot. This is the Scientology method of upselling. Nirvana is always one more payment around the corner.
Bots that simply fire off entries and then leave trade management to the user are worthless. There are literally hundreds of indicators a trader can use to decide to take a trade manually. Automating that process is no great shakes--it only speeds up the activity. Furthermore, testing out the yin yang for the holy grail of bar size is just another exercise in curve fitting. What works today will fail tomorrow and so on.
My advice is to avoid this product. If a vendor isn't willing to give a free trial for a week or two on any system they peddle, keep your money in your pocket. Period.
The following 3 users say Thank You to GuyMM for this post:
You hit the nail on the head. I purchased one of their bots several months ago and it is completely useless. Trades that they claimed to have a 90% accuracy only work about half of the time, and with their recommended risk management settings, it is impossible to reach positive expectancy. Stay away from buying bots and stick to what actually works.
The following user says Thank You to cmtn0113 for this post:
I have been waiting a very long time and debating weather to post or not, but at the end i decided to really say it as it is.
i have dealt with TruTrade, i will say it as it is,
They are a SCAM.
They are Thieves.
They are Liars.
want more?
first off is their selling tecnique, wow, i give them a score of 10. He makes himself sound like a world class trader, and part of the process is to belittle you and make you feel like an idiot if you question anything, He will tell you he has no time for you, and comments like that, which put the heat under you, as to you will lose the opportunity to work with this world class syste,.
You need to wire him the money, he does not take credit card, (red light alert) but i fell for it anyway.
his promise to be there for you when you need it, and that he has a team of over 100 programmers, and Thousands of hedgefunds using his system, How can you miss out an opportunity like this???????? so you are sucked in.
next you finally get a login to download his crap, and and literally a 1 page pdf.. let me repeat, 1 page pdf.
no help with onboarding, no one to talk to, he will not answer your call again, and maybe a email response after 36 hours, and and insult in the email as to why are you so impatient.... it only gets better.
i tried calling him to get some sort of support, and eventually you feel stupid and you just sit there trying to figure out stuff on your own.
bottom line i sent the guy over $13k and i never even had a phone call other then trying to sell me.
The product is absolute trash, you will lose everything.
i'm surprised the sec has not knocked on his door yet.
finally after months of probably every poor soul that fell into his trap, complained he made some educational videos. yaya,
bottom line if i can warn more ppl. i would, i dont know how to, his youtube lies, comments are off, so no way to warn anyone.
