TruTrade.io Has anyone else have experience? - futures io
futures io



TruTrade.io Has anyone else have experience?


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one JonnyBoy with 11 posts (14 thanks)
    2. looks_two 14milesperhour with 9 posts (0 thanks)
    3. looks_3 ntcat with 8 posts (7 thanks)
    4. looks_4 bobwest with 5 posts (5 thanks)
      Best Posters
    1. looks_one TheShrike with 2 thanks per post
    2. looks_two JonnyBoy with 1.3 thanks per post
    3. looks_3 bobwest with 1 thanks per post
    4. looks_4 ntcat with 0.9 thanks per post
    1. trending_up 9,354 views
    2. thumb_up 37 thanks given
    3. group 14 followers
    1. forum 49 posts
    2. attach_file 2 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

TruTrade.io Has anyone else have experience?

(login for full post details)
  #1 (permalink)
 ntcat 
Beebe, Arkansas
 
Experience: Beginner
Platform: Ninja Trader 8
Trading: futures
 
Posts: 9 since Jun 2020
Thanks: 0 given, 8 received

I have been respectfully asked to remove this post.

Started this thread Reply With Quote
The following user says Thank You to ntcat for this post:

Journal Challenge April 2021 results (now extended!):
Competing for $1800 in prizes from Jigsaw
looks_oneMaking a Living with the Microsby sstheo
(388 thanks from 41 posts)
looks_twoSalao's Journalby Salao
(88 thanks from 15 posts)
looks_3Learning to Profit - A journey in algorithms and optionsby Syntax
(59 thanks from 19 posts)
looks_4Deeteeís DAX Trading Journal (time based)by Deetee
(51 thanks from 24 posts)
looks_5Maybe a little bit different journalby Malykubo
(37 thanks from 23 posts)
 
Best Threads (Most Thanked)
in the last 7 days on futures io
The Crude Dude Oil Trading System
107 thanks
Seasonal Trades
31 thanks
futures io site changelog and issues/problem reporting
27 thanks
Spoo-nalysis ES e-mini futures S&P 500
22 thanks
Cryptocurrencies 101 -- what Ive learned so far
19 thanks
 
(login for full post details)
  #2 (permalink)
 planetkill 
New York City + NY/United States
 
 
Posts: 240 since Sep 2018
Thanks: 90 given, 197 received

Hopefully you bought it on a credit card and charge it all back!

But since you're asking about buying another bot, it doesn't sound like you learned your lesson yet.

A deep pocket mark like yourself is a scammers wet dream.

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to planetkill for this post:
 
(login for full post details)
  #3 (permalink)
 ntcat 
Beebe, Arkansas
 
Experience: Beginner
Platform: Ninja Trader 8
Trading: futures
 
Posts: 9 since Jun 2020
Thanks: 0 given, 8 received



planetkill View Post
Hopefully you bought it on a credit card and charge it all back!

But since you're asking about buying another bot, it doesn't sound like you learned your lesson yet.

A deep pocket mark like yourself is a scammers wet dream.

Pockets are getting rather thin, I was hopeing that I was just using it incorrectly some how. Was looking at DTS as a trading system rather than a bot. Hopeing to get a bit of training and support.

Started this thread Reply With Quote
The following user says Thank You to ntcat for this post:
 
(login for full post details)
  #4 (permalink)
 planetkill 
New York City + NY/United States
 
 
Posts: 240 since Sep 2018
Thanks: 90 given, 197 received

I'm sorry, my comment was insensitive.

Here's my opinion on paying for training. Everything you need to make you successful is freely available online. But you're going to have to dig through a lot of garbage. Paying for training is essentially buying a curated list of information that is free online. How much you're willing to pay for training depends on how much the curation service is worth to you. More expensive does not equal better, and often is actually worse because they are specifically targeting deeper pockets that are less likely to complain.

If I told you send me $1000 and I'll send you back $2000, would you do it? That is the basics of buying a bot. If I told you send me $1000 and I'll send you a PDF, would you do it? That's the basics of buying training.
ntcat View Post
Pockets are getting rather thin, I was hopeing that I was just using it incorrectly some how. Was looking at DTS as a trading system rather than a bot. Hopeing to get a bit of training and support.


Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to planetkill for this post:
 
(login for full post details)
  #5 (permalink)
 JonnyBoy 
Market Wizard
Montreal, Quebec
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
 
JonnyBoy's Avatar
 
Posts: 1,559 since Apr 2012
Thanks: 706 given, 3,738 received


ntcat View Post
Hi, I tried the Automated Ninja Trader Bot made by TruTrade.io

I have bought the first bot a trending bot for around $3,500.

The Tech was very helpful and installed the bot and then logged off. I was told it was a black box bot where all the settings were disabled and there was nothing for me to do but run it.

I ran it on a sim account and lost almost every single day.

When I tried to ask questions, I was told that TruTrade was a software company and they did not teach students how to use it. Unless I paid for the tech's one on one time for an hour.

So I paid another $2000 for 1.5 hour of training, which I recorded and have played several times. They gave examples on how to change the data bar size. but 90% of the training was how to become a better trader and they did not talk much about the software at all. They showed me examples of how to earn profits, but it was an updated bot and not exactly the bot I have since mine is such a lower tier.

I did not have much luck with this trending V3 Bot and I asked if they had anymore effective bots and I paid another $5000 for and updated bot. I thought I was going to get the bot mentioned in their youtube videos V4 but it was basically just the same olf V3 Trending Bot with an extra Scalper added to it. It also came with an indicator that uses a Higher Time Frame.

I have been using the SIM Account for the last 2 weeks and I don't see any improvement, I am at a daily loss of $-500-$3000 a day.

Am I just a newbie and don't know how to use TruTrade.io Automation? I am trying to learn but $2000 per hour is a bit expensive.

Has anyone else been using them before?

Should I just chuck everything up for a loss and try another company?

I have been looking at these guys.. https://indicatorwarehouse.com/ninjatrader-indicators/systems/

I have the Ninja Trader Lifetime Platform and I like to reuse that if possible.

I am very sorry you paid out that money. That is a large sum of money to go up in smoke.

The truth is, this feels to me like you have been had. That is a ridiculous amount of money to spend on an automated trading system. There are many discussions on FIO about automated trading and strategies.

Did you request if they trade this automated system themselves?
Did you request they send you brokerage statements for proof of profitability? Yes, these can be faked but it's a lot of work.

Traders often think this is a way to get rich. Your computer earning money whilst you do your day job or you sit back in your trading chair and watch the dollars roll in. I can tell you that that will never, ever, ever, ever happen.

I don't know anything about this company and I won't look them up because I have seen this all before. From where I am standing, you have had your first taste of what a cesspool 'so called' trading vendors can be.

The good news is, Google will capture this post if anybody searches for a review. Hopefully, this vendor will go the same way as your hard earned cash.

--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
Reply With Quote
The following 6 users say Thank You to JonnyBoy for this post:
 
(login for full post details)
  #6 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 6,460 since Jan 2013
Thanks: 48,957 given, 21,605 received


ntcat View Post
Hi, I tried the Automated Ninja Trader Bot made by TruTrade.io

I have bought the first bot a trending bot for around $3,500.

...

I have been using the SIM Account for the last 2 weeks and I don't see any improvement, I am at a daily loss of $-500-$3000 a day.

I am very sorry you have lost money on something like this, and I hope you do not lose any more by sending any more.

We see many, many people in this kind of situation -- not, as far as I am aware, with this vendor, but with vendors of systems in general. What it comes down to is that you should not expect anyone to provide you with a way to make a lot of money in the markets. As has often been said, if their stuff worked as well as they always say, they wouldn't be selling it, even for several thousand dollars. They would be using it themselves and raking it in.


Quoting 
Should I just chuck everything up for a loss...

Very likely. Unless you can manage to get the money back via your credit card.


Quoting 
...and try another company?

Sorry, no. At least, not without taking extreme care.


Quoting 

You should check the Search function on the top of every page in FIO. I just did a search for "indicator warehouse" and got a number of hits. I would read the experiences of other traders before committing any money to anyone.

There are, of course, vendors who have good products that do what they say they do. In a very few cases, this actually does include vendors of indicators and systems. As a rule, the less they promise, the more likely it is that their claims are legitimate. In trying to figure out whether they are legitimate or are not, the experiences of other traders here on FIO can be invaluable.

If you want some responses on indicator warehouse, I suggest you select one of those threads and ask for feedback. You may get responses that steer you to something good, or steer you away from something disastrous. (I don't know them and have no opinion to offer.) If you give the threads a scan first it may help you decide.

Whatever you do, be cautious.

Do not expect anyone to sell you a simple way to succeed in the markets. They do not have it. Some, a few, may have something that can help, if you can put it to use yourself using your own understanding of trading and markets. Most probably are simply even not that good.

Other traders can help, as can other sources of information, but there is no shortcut, unfortunately.

Good luck.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to bobwest for this post:
 
(login for full post details)
  #7 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 6,460 since Jan 2013
Thanks: 48,957 given, 21,605 received


ntcat View Post
Pockets are getting rather thin, I was hopeing that I was just using it incorrectly some how. Was looking at DTS as a trading system rather than a bot. Hopeing to get a bit of training and support.

I didn't notice this reference to "DTS". Run a Search on this also in the Search box, I believe there will some entries. Stay very, very careful about where you send your hard-earned, easy-to-lose money.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to bobwest for this post:
 
(login for full post details)
  #8 (permalink)
 JonnyBoy 
Market Wizard
Montreal, Quebec
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
 
JonnyBoy's Avatar
 
Posts: 1,559 since Apr 2012
Thanks: 706 given, 3,738 received

Okay, so curiosity killed the cat. Their website is 157 days old. They purchased the domain for 1 year.

I allege something shady here. A sneaky banner suggests they have links to @NinjaTrader by calling themselves NinjaScript Consultant. NinjaTrader can comment if they wish to.

It looks like they are not an associated vendor of NinjaTrader (they will confirm if they wish) but have made a logo banner and used the same font etc. suggesting links. Of course, the sneaky part is saying NinjaScript Consultant. I guess if we write our own code for NinjaTrader, we are all NinjaScript Consultants...

EDIT: I removed the word scam from my post. A bit harsh maybe...I just feel so passionate about this kind of stuff...someone paying thousands of dollars etc. etc.


--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
Reply With Quote
The following 2 users say Thank You to JonnyBoy for this post:
 
(login for full post details)
  #9 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 6,460 since Jan 2013
Thanks: 48,957 given, 21,605 received


ntcat View Post
Pockets are getting rather thin, I was hopeing that I was just using it incorrectly some how. Was looking at DTS as a trading system rather than a bot. Hopeing to get a bit of training and support.


bobwest View Post
I didn't notice this reference to "DTS". Run a Search on this also in the Search box, I believe there will some entries. Stay very, very careful about where you send your hard-earned, easy-to-lose money.

Bob.

Here is the main vendor review thread on "discount warehouse DTS":



Here are some about indicator warehouse itself:





Some are positive, some are negative, which is perhaps to be expected. You can sample them and judge for yourself.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to bobwest for this post:
 
(login for full post details)
  #10 (permalink)
 TheShrike 
Hi Mom!
Bridgeport, Ct
 
Experience: None
Broker: Tasty
Trading: STONKS
 
TheShrike's Avatar
 
Posts: 528 since Jun 2012
Thanks: 1,575 given, 903 received



ntcat View Post
Pockets are getting rather thin, I was hopeing that I was just using it incorrectly some how. Was looking at DTS as a trading system rather than a bot. Hopeing to get a bit of training and support.

Call your credit card company immediately and request a chargeback like the others in the thread mentioned. Look up how to do that if you don't know how. You can't purchase an off the shelf automated system that will trade and make money for you from a vendor. They don't exist. Give up the vendor system search - it's a lost cause. The best you can hope to do is find tools that you may find handy to help you trade. There are plenty of free ones on this site. You don't have to spend any money.

Reply With Quote
The following 4 users say Thank You to TheShrike for this post:
 
(login for full post details)
  #11 (permalink)
 ntcat 
Beebe, Arkansas
 
Experience: Beginner
Platform: Ninja Trader 8
Trading: futures
 
Posts: 9 since Jun 2020
Thanks: 0 given, 8 received

I do appreciate everyone's advise, I was pretty convinced this was legit but I guess anyone will say anything online these days.

What got me is that they have a ton of youTube videos they put out on their site that's updated every week.

Danny (The Tech) puts on a great show and is very convincing salesman. I told him that I would be happy if it earned me $100 a day and he was very offended, telling me it's a money machine. I should have known better, but I did fall for the smoke and mirrors.

So far I have blown up around $7000 in about 3 months of trading from my broker account....\

I called my self Sim Trading first.... I am glad I did it could have been a lot more...

I am glad I found this site, at least that money did not go to waste on the elite account....

Thanks for your comments.

Started this thread Reply With Quote
The following 3 users say Thank You to ntcat for this post:
 
(login for full post details)
  #12 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 6,460 since Jan 2013
Thanks: 48,957 given, 21,605 received


ntcat View Post
I do appreciate everyone's advise, I was pretty convinced this was legit but I guess anyone will say anything online these days.

What got me is that they have a ton of youTube videos they put out on their site that's updated every week.

Danny (The Tech) puts on a great show and is very convincing salesman. I told him that I would be happy if it earned me $100 a day and he was very offended, telling me it's a money machine. I should have known better, but I did fall for the smoke and mirrors.

So far I have blown up around $7000 in about 3 months of trading from my broker account....\

I called my self Sim Trading first.... I am glad I did it could have been a lot more...

I am glad I found this site, at least that money did not go to waste on the elite account....

Thanks for your comments.

No one is happy that you have lost the money, and, believe me, we have all lost money on similar things, not to mention just losing it from our own bad trading (I should say I'm only speaking for myself, just to not offend anyone, but really, everyone goes through many ways to lose while trading, including looking for vendor solutions, and our own mistakes too.)

Your mention about $100 a day is very reasonable if you can stabilize your results on it:

(1) It is a positive number. Most traders initially struggle to make the consistent daily number not be negative. Positive is always good. Then you can get better.
(2) Any salesperson can tell you anything, as you have discovered, and anyone with any computer proficiency can put together some great YouTube videos. We see this stuff all the time. If the salesperson has such a great trading program, why is he making his money on sales commissions instead of trades? But you understand this now.

Trading is not easy, but it can be done. Gradual progress can work. Vendor dreams are just dreams. They seldom add any money to your account.

Sorry that you had to find out this way, but it is good that you know.

Good luck with your trading and your progress. You will find people here who will care enough to try to help.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to bobwest for this post:
 
(login for full post details)
  #13 (permalink)
 JonnyBoy 
Market Wizard
Montreal, Quebec
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
 
JonnyBoy's Avatar
 
Posts: 1,559 since Apr 2012
Thanks: 706 given, 3,738 received


ntcat View Post
I do appreciate everyone's advise, I was pretty convinced this was legit but I guess anyone will say anything online these days.

What got me is that they have a ton of youTube videos they put out on their site that's updated every week.

Danny (The Tech) puts on a great show and is very convincing salesman. I told him that I would be happy if it earned me $100 a day and he was very offended, telling me it's a money machine. I should have known better, but I did fall for the smoke and mirrors.

So far I have blown up around $7000 in about 3 months of trading from my broker account....\

I called my self Sim Trading first.... I am glad I did it could have been a lot more...

I am glad I found this site, at least that money did not go to waste on the elite account....

Thanks for your comments.

We have all fallen for something like this in the past. The key is being able to dust yourself off and carry on. The monetary loss is something that will likely continue, whether it is a death by a thousand cuts or several whacks to the side of the head. Trading is not an easy path to take as a career. Believe me, $7,000 is a drop in the ocean. It may not seem like it right now but in the grand scheme of things it really is.

I do believe your initial expectations are realistic, but more importantly I would concentrate on what your are prepared to lose each day during your learning process. My stance on SIM trading has softened during the years, but with SIM you can never replicate the emotional and psychological loss of real money. So just keep that in mind.

FIO is a phenomenal resource to have at your fingertips. This is not like any other trading forum out there. When new traders pose questions on here, you may find some responses from trading veterans to be harsh, but look at this as a firm but fair approach. In most cases we have worn the t-shirt.

I don't want to ram anything down your throat here. Trading is your own path. But, if I was starting out again as a trader, @wldman has an excellent journal with some true trading nuggets. I have been doing this 10+ years and when I discovered his journal 6+ months ago now (don't ask me how I didn't discover this before), I gotta tell you...it was really informative. Certainly one of the best on here.

Again though, the path you take is yours and yours alone but do some FIO searches, find out what fits your trading personality and evolve that way. It will be a truly difficult journey so never lose sight of that.


--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
Reply With Quote
The following 2 users say Thank You to JonnyBoy for this post:
 
(login for full post details)
  #14 (permalink)
 JonnyBoy 
Market Wizard
Montreal, Quebec
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
 
JonnyBoy's Avatar
 
Posts: 1,559 since Apr 2012
Thanks: 706 given, 3,738 received


JonnyBoy View Post
Okay, so curiosity killed the cat. Their website is 157 days old. They purchased the domain for 1 year.

I allege something shady here. A sneaky banner suggests they have links to @NinjaTrader by calling themselves NinjaScript Consultant. NinjaTrader can comment if they wish to.

It looks like they are not an associated vendor of NinjaTrader (they will confirm if they wish) but have made a logo banner and used the same font etc. suggesting links. Of course, the sneaky part is saying NinjaScript Consultant. I guess if we write our own code for NinjaTrader, we are all NinjaScript Consultants...

EDIT: I removed the word scam from my post. A bit harsh maybe...I just feel so passionate about this kind of stuff...someone paying thousands of dollars etc. etc.


It looks like the vendor has removed the dubious linkage back to @NinjaTrader.


--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
Reply With Quote
 
(login for full post details)
  #15 (permalink)
 ntcat 
Beebe, Arkansas
 
Experience: Beginner
Platform: Ninja Trader 8
Trading: futures
 
Posts: 9 since Jun 2020
Thanks: 0 given, 8 received


JonnyBoy View Post
It looks like the vendor has removed the dubious linkage back to @NinjaTrader.


Very Interesting.. maybe they are watching the post. It would be nice if they were legit, but at the moment I do feel like I was taken advantage of. I am still trying to give the benefit of the doubt but I think I already know my answer.

Started this thread Reply With Quote
 
(login for full post details)
  #16 (permalink)
 TheShrike 
Hi Mom!
Bridgeport, Ct
 
Experience: None
Broker: Tasty
Trading: STONKS
 
TheShrike's Avatar
 
Posts: 528 since Jun 2012
Thanks: 1,575 given, 903 received


ntcat View Post
Very Interesting.. maybe they are watching the post. It would be nice if they were legit, but at the moment I do feel like I was taken advantage of. I am still trying to give the benefit of the doubt but I think I already know my answer.

Have you looked into the chargeback with your credit card company yet? You could possibly recover your funds if you're still inside the 120 day window

Reply With Quote
 
(login for full post details)
  #17 (permalink)
 JonnyBoy 
Market Wizard
Montreal, Quebec
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
 
JonnyBoy's Avatar
 
Posts: 1,559 since Apr 2012
Thanks: 706 given, 3,738 received


TheShrike View Post
Have you looked into the chargeback with your credit card company yet? You could possibly recover your funds if you're still inside the 120 day window

I agree. It is certainly worth the call.

A charge back for a purchases that doesn't live up to standards of expectation is the avenue here. First, you need to request a refund from the merchant (a highly unlikely endeavour) because your credit card company will ask if you have requested this. And then request a charge back.

Finally submit a report with respect to the vendor to this website.

https://www.ripoffreport.com/

--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
Reply With Quote
 
(login for full post details)
  #18 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,030 since Jun 2009
Thanks: 32,487 given, 98,346 received


JonnyBoy View Post
Finally submit a report with respect to the vendor to this website.

https://www.ripoffreport.com/

Just a note that particular website charges money to remove items (from a vendor perspective). So it cannot be trusted too far, because for enough money they will delete anything.

You're better off posting here on FIO, where you can trust it will not be removed or deleted for any amount of money or threat of legal action, so long as it complies with our rules.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #19 (permalink)
 JonnyBoy 
Market Wizard
Montreal, Quebec
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
 
JonnyBoy's Avatar
 
Posts: 1,559 since Apr 2012
Thanks: 706 given, 3,738 received


Big Mike View Post
Just a note that particular website charges money to remove items (from a vendor perspective)

So just like the BBB it's pay to play? I had no idea!

--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
Reply With Quote
 
(login for full post details)
  #20 (permalink)
 TruTrade LLC   is a Vendor
 
 
Posts: 3 since Aug 2020
Thanks: 0 given, 1 received

Replying to ntcat,

TruTrade LLC has received the link to this post. TruTrade LLC is of the highest standard when it comes to transparency and information which is provided to each and every client. We have extremely high-end bots and have thousands of clients to date that trade from 1 to 80 lot sizes. TruTrade maintains professional standards and we do not roam forums to knockdown other companies nor troll for clients. We do not participate nor facilitate Slander and/or Defamation of Character.

The information being shared within this post has no merit and is an unfair representaion of TruTrade LLC. TruTrade provides detailed product information as well as recommendations to clients. It is the Clients responsibility as to what to do with the tools we provide. Traders, trade at their own risk and are accountable for their own actions. It is standard Protocol for TruTrade to discuss a client's appropriate account size and we repeatedly suggest to sim trade until Understanding and comfort level is reached.

Regarding this specific case, In order to Help this specific client, TruTrade Not only accepted a partial payment at the client's request which we normally do not accept but we offered a 5k upgrade for free, we offered another hour training for free to make sure our client is on the right track. This was a 7,000 upgrade in total as we don't count pennies here, we expect our client to make money period. Even though we have a very strong contract we looked the other way and tried to do the right thing for our clients. This Client has not followed instructions nor Honored his contract to date. We stand by our products and our products are engineered for the professional trader not for the hobbyist mindset.

At TruTrade we strive to invest in long term relationships with our clients and are not focus just on individual sales, rather the success of our clients hence the upgrade suggestion as to when our clients make money so do we.

TruTrade LLC is about relationships and building client accounts not collecting money and moving on once we receive initial payment. This is why we offered a major upgrade and assistance at no cost! We care about our clients, our word counts, and our products are second to none, to be honest. We have hours and hours, sometimes complete sessions recording on Youtube to display the transparency. We are the only company to do so, we take pride in this fact!

This particular client turns the bot on sets man many timers to go on /off/ on and utilizes the bot in a way not designed as instructed. TruTrade can only do so much here. This gentleman is stating he lost thousands, ok how is that possible as the bar and contract size recommended to this gentleman would be impossible to lose unless allowing themselves to grossly be negligent and leaving it on all times of the day.

The bots have very little downside before it reenters, Review the hundreds of hours that we post. We do not hide and portray something we are not selling whatsoever.

Personal Note: If the trader isn't properly funded as I believe we all need to be responsible for what we sell, who we sell to, and what we buy.

Bots are engineered for a specific purpose in mind. Utilizing a bot designed for certain market environments and doing the direct opposite will result in a negative outcome. This is discussed in-depth with each and every client as well as provided to all clients. This particular client is simply setting predetermined times to trade while he's busy working his job. TruTrade highly discourages this trading behavior when utilizing one bot unless trading with a bot network of course. This is discussed with all of our clients along with setting the proper expectations etc well before the cost is even brought up as the cost is secondary to one's needs as it should be.

TruTrade never discloses when asked, "what does your bot make on avg"? We could of course answer this question to increase sales however we have a moral compass here at TruTrade and do not share in that mindset. We are overly honest to a fault. TruTrade does not conduct themselves in the typical industry fashion which is precisely why TruTrade came about. We are in 4 countries now for a reason and it's not by selling a product that isn't effective. Again we post hours nad hours of trades to remove doubt and had transparency to the industry by showing that we do not cherry-pick entries and exits. We display wins, losses as well as show off our bot's ability while the market is consolidating.

This would be our first response to this nature. I truly hope this will be my last. I wanted to spend some time writing this response as we are a very reputable company and our products are worth fighting for. Obviously we can t make everyone happy but we can always do the right thing above all else. TruTrade is here to deliver the new normal and we are here to stay...

In response to having previous NT banner. Trutrade decided there was no value in having NT as they provided really nothing to vendors so we respectfully removed ourselves at TruTrades request then removed NT info. Jumping to conclusions over an individual comments again isn't proper. TY



Regards,


TruTrade LLC Corporate

Reply With Quote
 
(login for full post details)
  #21 (permalink)
 ntcat 
Beebe, Arkansas
 
Experience: Beginner
Platform: Ninja Trader 8
Trading: futures
 
Posts: 9 since Jun 2020
Thanks: 0 given, 8 received


TruTrade LLC View Post
Replying to ntcat,

TruTrade LLC has received the link to this post. TruTrade LLC is of the highest standard when it comes to transparency and information which is provided to each and every client. We have extremely high-end bots and have thousands of clients to date that trade from 1 to 80 lot sizes. TruTrade maintains professional standards and we do not roam forums to knockdown other companies nor troll for clients. We do not participate nor facilitate Slander and/or Defamation of Character.

The information being shared within this post has no merit and is an unfair representaion of TruTrade LLC. TruTrade provides detailed product information as well as recommendations to clients. It is the Clients responsibility as to what to do with the tools we provide. Traders, trade at their own risk and are accountable for their own actions. It is standard Protocol for TruTrade to discuss a client's appropriate account size and we repeatedly suggest to sim trade until Understanding and comfort level is reached.

Regarding this specific case, In order to Help this specific client, TruTrade Not only accepted a partial payment at the client's request which we normally do not accept but we offered a 5k upgrade for free, we offered another hour training for free to make sure our client is on the right track. This was a 7,000 upgrade in total as we don't count pennies here, we expect our client to make money period. Even though we have a very strong contract we looked the other way and tried to do the right thing for our clients. This Client has not followed instructions nor Honored his contract to date. We stand by our products and our products are engineered for the professional trader not for the hobbyist mindset.

At TruTrade we strive to invest in long term relationships with our clients and are not focus just on individual sales, rather the success of our clients hence the upgrade suggestion as to when our clients make money so do we.

TruTrade LLC is about relationships and building client accounts not collecting money and moving on once we receive initial payment. This is why we offered a major upgrade and assistance at no cost! We care about our clients, our word counts, and our products are second to none, to be honest. We have hours and hours, sometimes complete sessions recording on Youtube to display the transparency. We are the only company to do so, we take pride in this fact!

This particular client turns the bot on sets man many timers to go on /off/ on and utilizes the bot in a way not designed as instructed. TruTrade can only do so much here. This gentleman is stating he lost thousands, ok how is that possible as the bar and contract size recommended to this gentleman would be impossible to lose unless allowing themselves to grossly be negligent and leaving it on all times of the day.

The bots have very little downside before it reenters, Review the hundreds of hours that we post. We do not hide and portray something we are not selling whatsoever.

Personal Note: If the trader isn't properly funded as I believe we all need to be responsible for what we sell, who we sell to, and what we buy.

Bots are engineered for a specific purpose in mind. Utilizing a bot designed for certain market environments and doing the direct opposite will result in a negative outcome. This is discussed in-depth with each and every client as well as provided to all clients. This particular client is simply setting predetermined times to trade while he's busy working his job. TruTrade highly discourages this trading behavior when utilizing one bot unless trading with a bot network of course. This is discussed with all of our clients along with setting the proper expectations etc well before the cost is even brought up as the cost is secondary to one's needs as it should be.

TruTrade never discloses when asked, "what does your bot make on avg"? We could of course answer this question to increase sales however we have a moral compass here at TruTrade and do not share in that mindset. We are overly honest to a fault. TruTrade does not conduct themselves in the typical industry fashion which is precisely why TruTrade came about. We are in 4 countries now for a reason and it's not by selling a product that isn't effective. Again we post hours nad hours of trades to remove doubt and had transparency to the industry by showing that we do not cherry-pick entries and exits. We display wins, losses as well as show off our bot's ability while the market is consolidating.

This would be our first response to this nature. I truly hope this will be my last. I wanted to spend some time writing this response as we are a very reputable company and our products are worth fighting for. Obviously we can t make everyone happy but we can always do the right thing above all else. TruTrade is here to deliver the new normal and we are here to stay...

In response to having previous NT banner. Trutrade decided there was no value in having NT as they provided really nothing to vendors so we respectfully removed ourselves at TruTrades request then removed NT info. Jumping to conclusions over an individual comments again isn't proper. TY



Regards,


TruTrade LLC Corporate



Welcome TruTrade LLC,

I am so glad your here , The Tech has gotten back with me after I gave him a detailed overview of what I was doing. He has instructed me that I was improperly using the bot and has offered to help. I am grateful that it was pointed out, since I am a new trader, as outlined in my original post.

I am looking forward to continued business with TruTrade.

Thanks,
NTCat

Started this thread Reply With Quote
 
(login for full post details)
  #22 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
bobwest's Avatar
 
Posts: 6,460 since Jan 2013
Thanks: 48,957 given, 21,605 received

Moderator Notice
Moderator Notice


When one door closes, another opens.
-- Cervantes, Don Quixote
Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to bobwest for this post:
 
(login for full post details)
  #23 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,030 since Jun 2009
Thanks: 32,487 given, 98,346 received

Thank you @bobwest

I also want to make 100% certain it is clear that the vendor must follow site rules (his first post did not). When anyone joins the community, they are told multiple times about our policies. So consider this the final warning to follow them.

Vendors are free to (and encouraged to) respond to direct inquiries/questions/comments/complaints in their thread, but they are NOT permitted to use posts for marketing purposes or self-promotion. That means that unsolicited posts or unsolicited marketing/promotional language is not permitted. Yes, you can defend yourself without making marketing claims or using promotional language.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
 
(login for full post details)
  #24 (permalink)
 14milesperhour 
Temecula CA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: ES
 
Posts: 9 since Aug 2020
Thanks: 0 given, 0 received

I just wanted to chime in on this post as well. I purchased TruTrade back in June and while I cannot as of yet give it a possitive review I cannot give it a negative one either.

When I first came across this company I was very skeptical (since most bots and sales guys just try to run away with your money. ) However the amount of time I was given by the TruTrade team in not only explaining the program but even swapping out products once they found out I bought the wrong one for my trading style really has helped me to keep on trucking with these guys.

I also did my due diligence and when I was investigating the product actually reached out to Ninjatrader to see if their claim to be a be partner was true. They did confirm that they were completing the partnership process and would be on ninjatraders website later that month.

The fact that ninjatrader was willing to put their name on the product convinced me to purchase.

Now the reasons why I sometimes wonder if I made the right choice.

1) The bot is inconsistent (I currently have then trend following version) and honestly takes some very stupid trades. Going long after hitting long term resistance seems to be it's biggest loser. Now I cannot blame the bot for this yet because as I was told multiple times you have to get the bar size right for the market conditions. I have seen the bot work amazing, especially in short term scalps, but it is no so much in long term plays. I will keep playing with bar sizes and figure out how to calculate it and report back on actual results.

2) there isn't any clear pricing. No pricing sheet, no transparency on the site etc. When I purchased I was told this is the price what what you are purchasing but there wasnt anything sent to me that showed all their products and the prices associated. For me it wasn't a huge deal but for others it might be sketchy

3) no long term support - now typically if you are going to drop thousands on a software you expect that if you have questions (especially regarding the most critical function of bar sizes) support would be readily available but unfortunately it is not. For technical issues like licensing or error messages they are very fast and responsive. But for other questions (like bar sizes) it is very generic or non helpful. Now one could argue that giving support on bar sizes for example falls more in line with trading training. However I would counter that with this - since the whole bots success and calculations are 100% based on your bar size then that no longer is a trading question and becomes a software question. It is the same as selling me a computer and showing me where the power button is and saying everything else you have to figure out on your own. Again Danny spent the time with me to show me the different contracts the bot does well with, the times of day he typically trades and his typical bar type so they did give me at no extra charge a lot of great information. However with how dynamic markets are there should be something more programmic to the bar sizes then, whatever works best today.

Overall I am optimistic about TruTrade. I believe they are trying to be an honest broker. They are a new company that is trying to figure out how to sell their products and do right by their customers. Trading is a tough business and nothing is guaranteed. I have at least not lost money trading the bot live but I haven't won very much either. (couple hundred). I also haven't been using it very much. I used it daily in June where it actually pulled in 4K in profits and then in July it took out almost all of that in a wild NQ whiplash so I stopped using it after the second week in July. This week I am trying to focus 100% on trutrade and crack this dang bar size code. Hopefully once I do I can come back and report great results.

If not then hopefully my story can help another trader and I'll stick to good ol orderflow trading and forget bots and strategies all together.

Reply With Quote
 
(login for full post details)
  #25 (permalink)
 ntcat 
Beebe, Arkansas
 
Experience: Beginner
Platform: Ninja Trader 8
Trading: futures
 
Posts: 9 since Jun 2020
Thanks: 0 given, 8 received

When I first posted this message my intent was to get some info from other people who has used also the software in the past.

I was having a bit of hard time understanding what the bot was actually doing. Also I did not want to be a part of some well known scam, that I was not aware of. I am in talks with TruTrade and I was offered a bit of retraining. I think the first time I was just asking so many questions and not paying attention to what the Tech was telling me. After watching the reply many times I might have side tracked the training accidentally. I have recorded our time just so that I could review it later. The recordings are for private use only and cannot be shared.

I might have mentioned in an email to TruTrade that pointed to this site, My goal or my thought process is that a company if they were a scam would not dare reply a public forum. But to my surprise they did. My bad, Sorry.

Here are some of the mistakes I made,

1. SIM Trade First - Because there is more to it than turning it on and waiting for payday.

2. Identify the Trend using their methods


What I may have done is log into my bot and just turned it on.. I stuck a wireless ear piece in and worked at my 9 to 5 job until I heard it take a trade. Some times it would take hours for it to do anything, I may have gotten a bit of FOMO when I did not see it do anything happening.

What they stressed is they want me be successful and if I am not they can't sell me anything else.

They told me they are true to their word, and that honestly is very important

We have a meeting setup for Friday 7 August 2020 to go over the settings and how to correctly use the automation software.

I will keep everyone updated on my progress.

Started this thread Reply With Quote
The following user says Thank You to ntcat for this post:
 
(login for full post details)
  #26 (permalink)
 ntcat 
Beebe, Arkansas
 
Experience: Beginner
Platform: Ninja Trader 8
Trading: futures
 
Posts: 9 since Jun 2020
Thanks: 0 given, 8 received


14milesperhour View Post
I just wanted to chime in on this post as well. I purchased TruTrade back in June and while I cannot as of yet give it a possitive review I cannot give it a negative one either.

When I first came across this company I was very skeptical (since most bots and sales guys just try to run away with your money. ) However the amount of time I was given by the TruTrade team in not only explaining the program but even swapping out products once they found out I bought the wrong one for my trading style really has helped me to keep on trucking with these guys.

I also did my due diligence and when I was investigating the product actually reached out to Ninjatrader to see if their claim to be a be partner was true. They did confirm that they were completing the partnership process and would be on ninjatraders website later that month.

The fact that ninjatrader was willing to put their name on the product convinced me to purchase.

Now the reasons why I sometimes wonder if I made the right choice.

1) The bot is inconsistent (I currently have then trend following version) and honestly takes some very stupid trades. Going long after hitting long term resistance seems to be it's biggest loser. Now I cannot blame the bot for this yet because as I was told multiple times you have to get the bar size right for the market conditions. I have seen the bot work amazing, especially in short term scalps, but it is no so much in long term plays. I will keep playing with bar sizes and figure out how to calculate it and report back on actual results.

2) there isn't any clear pricing. No pricing sheet, no transparency on the site etc. When I purchased I was told this is the price what what you are purchasing but there wasnt anything sent to me that showed all their products and the prices associated. For me it wasn't a huge deal but for others it might be sketchy

3) no long term support - now typically if you are going to drop thousands on a software you expect that if you have questions (especially regarding the most critical function of bar sizes) support would be readily available but unfortunately it is not. For technical issues like licensing or error messages they are very fast and responsive. But for other questions (like bar sizes) it is very generic or non helpful. Now one could argue that giving support on bar sizes for example falls more in line with trading training. However I would counter that with this - since the whole bots success and calculations are 100% based on your bar size then that no longer is a trading question and becomes a software question. It is the same as selling me a computer and showing me where the power button is and saying everything else you have to figure out on your own. Again Danny spent the time with me to show me the different contracts the bot does well with, the times of day he typically trades and his typical bar type so they did give me at no extra charge a lot of great information. However with how dynamic markets are there should be something more programmic to the bar sizes then, whatever works best today.

Overall I am optimistic about TruTrade. I believe they are trying to be an honest broker. They are a new company that is trying to figure out how to sell their products and do right by their customers. Trading is a tough business and nothing is guaranteed. I have at least not lost money trading the bot live but I haven't won very much either. (couple hundred). I also haven't been using it very much. I used it daily in June where it actually pulled in 4K in profits and then in July it took out almost all of that in a wild NQ whiplash so I stopped using it after the second week in July. This week I am trying to focus 100% on trutrade and crack this dang bar size code. Hopefully once I do I can come back and report great results.

If not then hopefully my story can help another trader and I'll stick to good ol orderflow trading and forget bots and strategies all together.

I am pretty much in the same boat... TruTrade put some information out rently maybe around 1 July ish that I did not have when I first bought the automation..

https://www.trutrade.io/trutrade-install-set-up

It gives you really good details on suggested bar sizes and times.


Thanks.
NTCat

Started this thread Reply With Quote
 
(login for full post details)
  #27 (permalink)
 ntcat 
Beebe, Arkansas
 
Experience: Beginner
Platform: Ninja Trader 8
Trading: futures
 
Posts: 9 since Jun 2020
Thanks: 0 given, 8 received

TruTrade and I finally was able to meet up and I had my retraining last night.

We went over the bot and basics of training. It definitely had some golden nuggets that I needed. Now keep in mind that I did paid for the extra training, hopefully I am getting more training and suggestions of settings an a normal user would have.

Here is what we went over...

1. SIM Trade for at least 1-3 Months (Until I feel confortable using the bot in a consistant manner) watch and learn how to bot trades.
2. Don't set and forget the bot. The automation is used for the best entry, but I must take profit or go "Flat" in order to lock in profits.
3. Once you have met your goal for the day, stop trading.... don't over trade.
4. Danny Suggested some settings to stay away from until I understand the bot better. There are several times he told me Don't mess with X setting, your 6 months away before you will understanding what X does. Stick with Y first until you have a greater understanding. Even though he did tell me not to mess with a few settings he still let me know what they did.
5. Don't adjust a bunch of settings at once, Make an adjustment and back test your new settings.
6. Different elements will have different settings.


I made sure to take really good notes, jotting down helpful nuggets of information.

I just started my own jounal in excell so I can review the changes I have made over a period of time. This way I can track the best settings for each element.

What you don't get from TruTrade....

1. They don't tell you what or how trade, they advise you to play with the settings and see what works better for the element your are trading.

TruTrade is becoming more transparent, they are posting regular youTube Videos, posted on their website. I see more suggested bar settings are listed on their website. Danny mentioned they are working on creating a video that will go into depth about their settings that should be ready soon for there members.

Overall I think the extra training was worth it, but they are quick to let you know they are not an education site and experienced traders should already know most of the basics, they review. It was helpful to me because I just wanted to know more.

Last night I applied some the tips, and made $166 in the short time I messed with it. I got up early this morning before work and made the rest.



If anyone is wanting to see the results I will post it here after a week or so, just to make sure this is not a fluke. I am still in the experimental stage....

I am trading MES, NQ and GC, at 1 or 2 contracts, once I got the best settings down, I will experiment with others.

Thanks,
NTCat

Started this thread Reply With Quote
The following user says Thank You to ntcat for this post:
 
(login for full post details)
  #28 (permalink)
 SharkIndicators  SharkIndicators is an official Site Sponsor
Site Sponsor

Web: SharkIndicators
AMA: Ask Me Anything
Webinars: SharkIndicators Webinars
Elite offer: Click here
 
 
SharkIndicators's Avatar
 
Posts: 41 since Nov 2019
Thanks: 164 given, 68 received


14milesperhour View Post
The fact that ninjatrader was willing to put their name on the product convinced me to purchase.

I'd like to clarify, that is Not a fact. NinjaTrader never puts their name on any vendor or product. There is a very good reason why NT calls us vendors and not partners, because NT does not partner with any of us vendors. What NT does do during the sign-on process (and this is no secret. NT is open about this) is they make sure the vendor's web site complies with federal agency regulations. Most notably, claims of profitability by the vendor. And, make sure the disclaimers are clearly visible, as required by the various federal agencies. I think they do a background check on the company owner(s), nowadays, but not positive on that. That's a summarization of what it takes to be listed in NT vendor ecosystem. This is not intended to discredit TruTrade, just clarification on what NT's logos signify on a vendor's website.
If you really think about it, there is no way that NT could positively verify some other company is "on the up and up". There would be intellectual property concerners by the vendors. Plus, the tremendous amount of man hours it would take for someone at NT to investigate everthing a vendor is selling.
They will de-list a company/vendor if they receive enough complaints with "substance" to make a good circumstantial case against the vendor.
For what its worth, this is what I know and have seen being a NT vendor.
Maybe NinjaTrader would like to add-to or clarify any of this?

The best way to determine if a company is reputable is to read the reviews on here. Remember to pay it forward by adding your experiences with any company to the review posts as well.



BloodHound for signals, and BlackBird for trade management.
Reply With Quote
The following 2 users say Thank You to SharkIndicators for this post:
 
(login for full post details)
  #29 (permalink)
 TruTrade LLC   is a Vendor
 
 
Posts: 3 since Aug 2020
Thanks: 0 given, 1 received


ntcat View Post
TruTrade and I finally was able to meet up and I had my retraining last night.

We went over the bot and basics of training. It definitely had some golden nuggets that I needed. Now keep in mind that I did paid for the extra training, hopefully I am getting more training and suggestions of settings an a normal user would have.

Here is what we went over...

1. SIM Trade for at least 1-3 Months (Until I feel confortable using the bot in a consistant manner) watch and learn how to bot trades.
2. Don't set and forget the bot. The automation is used for the best entry, but I must take profit or go "Flat" in order to lock in profits.
3. Once you have met your goal for the day, stop trading.... don't over trade.
4. Danny Suggested some settings to stay away from until I understand the bot better. There are several times he told me Don't mess with X setting, your 6 months away before you will understanding what X does. Stick with Y first until you have a greater understanding. Even though he did tell me not to mess with a few settings he still let me know what they did.
5. Don't adjust a bunch of settings at once, Make an adjustment and back test your new settings.
6. Different elements will have different settings.


I made sure to take really good notes, jotting down helpful nuggets of information.

I just started my own jounal in excell so I can review the changes I have made over a period of time. This way I can track the best settings for each element.

What you don't get from TruTrade....

1. They don't tell you what or how trade, they advise you to play with the settings and see what works better for the element your are trading.

TruTrade is becoming more transparent, they are posting regular youTube Videos, posted on their website. I see more suggested bar settings are listed on their website. Danny mentioned they are working on creating a video that will go into depth about their settings that should be ready soon for there members.

Overall I think the extra training was worth it, but they are quick to let you know they are not an education site and experienced traders should already know most of the basics, they review. It was helpful to me because I just wanted to know more.

Last night I applied some the tips, and made $166 in the short time I messed with it. I got up early this morning before work and made the rest.



If anyone is wanting to see the results I will post it here after a week or so, just to make sure this is not a fluke. I am still in the experimental stage....

I am trading MES, NQ and GC, at 1 or 2 contracts, once I got the best settings down, I will experiment with others.

Thanks,
NTCat



Solid work NTCat glad you're seeing the results.

recommendations

Assuming your bar size has been optimized for the instrument if you are churning your account it's generally because of entry 2.

The Entry 2 quantity should be at least 2 to 3 times greater than the entry 1 quantity

The recommended entry 2 target distances for each instrument are listed below:

ES, YM, RTY, CL, GC 4-6 ticks

NQ, RB 8 Ė 12 ticks

Keep in mind these are just recommendations to use as starting values. Entry 2 was designed to provide a defense mechanism for dealing with periods of low-volatility price consolidation. If the entry 2 quantity is not at least 2-3 times greater than the entry 1 quantity or the entry 2 target distance is too far from the fill price the bot will have little or no defense in low volatility environments. Hope this helps

*Your a new trader please make sure you sim a bit longer to get fully comfortable. Drop us an email if you need anything else. very happy your seeing results its what its all about

Reply With Quote
 
(login for full post details)
  #30 (permalink)
 TruTrade LLC   is a Vendor
 
 
Posts: 3 since Aug 2020
Thanks: 0 given, 1 received


SharkIndicators View Post
I'd like to clarify, that is Not a fact. NinjaTrader never puts their name on any vendor or product. There is a very good reason why NT calls us vendors and not partners, because NT does not partner with any of us vendors. What NT does do during the sign-on process (and this is no secret. NT is open about this) is they make sure the vendor's web site complies with federal agency regulations. Most notably, claims of profitability by the vendor. And, make sure the disclaimers are clearly visible, as required by the various federal agencies. I think they do a background check on the company owner(s), nowadays, but not positive on that. That's a summarization of what it takes to be listed in NT vendor ecosystem.
If you really think about it, there is no way that NT could positively verify some other company is "on the up and up". There would be intellectual property concerns by the vendors. Plus, the tremendous amount of man-hours it would take for someone at NT to investigate everthing a vendor is selling.
They will de-list a company/vendor if they receive enough complaints with "substance" to make a good circumstantial case against the vendor.
For what its worth, this is what I know and have seen being a NT vendor.
Maybe NinjaTrader would like to add-to or clarify any of this?

The best way to determine if a company is reputable is to read the reviews on here. Remember to pay it forward by adding your experiences with any company to the review posts as well.


Appreciate your reply: As we mentioned on an earlier post. were set-up and went through their long process, checks etc....NT just didn't add value and was no benefit to TT. We simply came off for that reason. Ryan at NT understood and it was tru trade that left. not a big deal. We hope all of our clients have great experiences and we still send tons of clients to NT love the platform.

It's always nice to hear customer feedback we always do our best to help and improve client experience. Both clients that chimed in this post are good to go and is extremely important to us that they are, hence this post

yes, would be nice if NT or Ryan jumped in and clarified, would be great

Reply With Quote
The following user says Thank You to TruTrade LLC for this post:
 
(login for full post details)
  #31 (permalink)
 14milesperhour 
Temecula CA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: ES
 
Posts: 9 since Aug 2020
Thanks: 0 given, 0 received

Alright I wanted to post an update on trutrade and my experience with the bots thus far.

I am using the trutrade trend following v3 though after the past few days of trading I am strongly considering upgrading to a higher version.

I have used the bot now prior to the market sell off here in September and during the sell off and when properly managed the trutrade system has successfully produced great results. Each day I have used the bot it has pulled in over 1K profit trading 5 contracts on ES and 3 contracts on crude. Many times it would have pulled in more however I manually closed the orders because I got skittish (which is honestly better then letting trutrade close it because you can take some heavy losses if you arenít managing your exits). Trutrade allows you to set a profit target for your hedge entryís and letís you manually close your long entries.

This combo has allowed me to be consistently profitable and has taken much of the stress of when to enter the market off my plate, allowing me to manage other parts of my busy day. When a trade is entered I then watch the DOM and charts to find my exit and this far trutrade hasnít had a single drawdown. Now I donít expect that to continue but the fact that it lets me specify my loss amount and manually close trades it gives me more confidence of being able to get out if a trade turns against me.

I will continue to post updates as I go but so far itís very good.

My next mission is to set the time parameters and see what happens when it trades all by its lonesome.

Oh and the profits achieved are all with real money not sim, however my time based experiment will be all sim. Donít trust it enough yet to let it start and stop itself all on its own.


Sent using the futures.io mobile app

Reply With Quote
 
(login for full post details)
  #32 (permalink)
 14milesperhour 
Temecula CA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: ES
 
Posts: 9 since Aug 2020
Thanks: 0 given, 0 received

Sorry if I am posting to much about this. Since it seems like it is just me and one other user who has experience with TruTrade and the cost of their bots are not cheap (5K is like their least expensive and goes all the way up to 25K) I feel like I need to keep people up to date on the experience I am having so others can know how trutrade works. Again I am using their Trend Follower V3 currently. From a trading perspective I need to practice more so I know how to stay in a trade longer to capture more profit using TruTrade. Normally I am trading using heikin ashi, RSI and the moving average but with TruTrade you are using Renko Bars which I'm still trying to get used to in terms of knowing when a trend is continuing and when I need to start looking for my exit. Thus far though as long as you are managing the bot and using the second entry with reasonable take profits your losses are very small. Here is my results from this week so far (still have Friday to go) trading ES and CL (December contracts) and so far it's looking pretty good. The one I am still trading on Sim using TruTrade is EQ. Because the market is so thin and the price moves so much you really have to be careful using TruTrade with it. In a blink of an eye if you aren't there to hit "Flat" it can destroy your profits in a heartbeat. The tradeoff is if you can monitor it closely and be prepared at a moments notice to flatten the bot you can make some wild profit. Today I was practicing on Sim using one long and two hedge contracts (with 8 tick take profit) and ended up stopping after a 2K profit in just about 30 min (again EQ I am doing Sim because honestly I am scared of EQ to trade real money haha)

All that being said here is my actual profits and losses for this week using exclusively TruTrade and my actual trading account (non sim).

One of the things I am loving about trutrade is I can be doing something else until I hear the words "Order Submitted" and then I pull up Ninja and plan my exit. I also mark out my support and resistance levels through-out as well so I can make quicker decisions.

So far so good. I've at least paid for my bot and made profit on top of it at this point so I am a happy camper there.

Reply With Quote
 
(login for full post details)
  #33 (permalink)
 JonnyBoy 
Market Wizard
Montreal, Quebec
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
 
JonnyBoy's Avatar
 
Posts: 1,559 since Apr 2012
Thanks: 706 given, 3,738 received


14milesperhour View Post
Sorry if I am posting to much about this. Since it seems like it is just me and one other user who has experience with TruTrade and the cost of their bots are not cheap (5K is like their least expensive and goes all the way up to 25K) I feel like I need to keep people up to date on the experience I am having so others can know how trutrade works. Again I am using their Trend Follower V3 currently. From a trading perspective I need to practice more so I know how to stay in a trade longer to capture more profit using TruTrade. Normally I am trading using heikin ashi, RSI and the moving average but with TruTrade you are using Renko Bars which I'm still trying to get used to in terms of knowing when a trend is continuing and when I need to start looking for my exit. Thus far though as long as you are managing the bot and using the second entry with reasonable take profits your losses are very small. Here is my results from this week so far (still have Friday to go) trading ES and CL (December contracts) and so far it's looking pretty good. The one I am still trading on Sim using TruTrade is EQ. Because the market is so thin and the price moves so much you really have to be careful using TruTrade with it. In a blink of an eye if you aren't there to hit "Flat" it can destroy your profits in a heartbeat. The tradeoff is if you can monitor it closely and be prepared at a moments notice to flatten the bot you can make some wild profit. Today I was practicing on Sim using one long and two hedge contracts (with 8 tick take profit) and ended up stopping after a 2K profit in just about 30 min (again EQ I am doing Sim because honestly I am scared of EQ to trade real money haha)

All that being said here is my actual profits and losses for this week using exclusively TruTrade and my actual trading account (non sim).

One of the things I am loving about trutrade is I can be doing something else until I hear the words "Order Submitted" and then I pull up Ninja and plan my exit. I also mark out my support and resistance levels through-out as well so I can make quicker decisions.

So far so good. I've at least paid for my bot and made profit on top of it at this point so I am a happy camper there.

So, to be clear the results you posted are from your live account that has been walking the market forward with the bot running in real time?

I.E. these are the actual results from live trading in your live account? These are not back tested results?

EDIT: I realised you had mentioned this was a live account so I removed the word SIM.

--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
Reply With Quote
The following user says Thank You to JonnyBoy for this post:
 
(login for full post details)
  #34 (permalink)
 14milesperhour 
Temecula CA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: ES
 
Posts: 9 since Aug 2020
Thanks: 0 given, 0 received


JonnyBoy View Post
So, to be clear the results you posted are from your live account that has been walking the market forward with the bot running in real time?

I.E. these are the actual results from live trading in your live account? These are not back tested results?

EDIT: I realised you had mentioned this was a live account so I removed the word SIM.

Hi Jonny - Yes these are my live results with my real money this week with the bots running in real time. I have not just set them and forgot them though. I managed the trades the whole time but allowed the bots to take the exits and any programed take profits and then I managed the long term exits. You can let TruTrade manage the long term exit as well but in my experience (with at least my bot version) those exits are not consistently the best. I would recommend for anyone using at least the trendfollowing bot to manage your exits rather then letting the bot just run.

Reply With Quote
 
(login for full post details)
  #35 (permalink)
 JonnyBoy 
Market Wizard
Montreal, Quebec
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
 
JonnyBoy's Avatar
 
Posts: 1,559 since Apr 2012
Thanks: 706 given, 3,738 received


14milesperhour View Post
Hi Jonny - Yes these are my live results with my real money this week with the bots running in real time. I have not just set them and forgot them though. I managed the trades the whole time but allowed the bots to take the exits and any programed take profits and then I managed the long term exits. You can let TruTrade manage the long term exit as well but in my experience (with at least my bot version) those exits are not consistently the best. I would recommend for anyone using at least the trendfollowing bot to manage your exits rather then letting the bot just run.

Thanks. I don't want or mean to be asinine here, but you are absolutely sure the screen shot you posted is from your live account and are not back tested generated results?

--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
Reply With Quote
The following user says Thank You to JonnyBoy for this post:
 
(login for full post details)
  #36 (permalink)
 14milesperhour 
Temecula CA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: ES
 
Posts: 9 since Aug 2020
Thanks: 0 given, 0 received


JonnyBoy View Post
Thanks. I don't want or mean to be asinine here, but you are absolutely sure the screen shot you posted is from your live account and are not back tested generated results?



No offense taken - yep 100% sure itís my live account. I can post my broker account too which will show the growth. I get it I am super skeptical when it comes to this stuff too, but so far so good. Iím not saying buy this bot yet because I still want to battle test it more but I have been pleasantly surprised by itís consistency. Again though I am managing the exits. The only thing I am sim trading right now is NQ because I havenít felt comfortable trading NQ with trutrade yet. But I reset my sim account before grabbing the results page so any trades done in NQ would not be added in. Also I am trading NQ after hours and using historical data and days back in March and July to test right now. Iíve traded ES and CL on my live broker account with trutrade because those markets are thick and trutrade seems to do much better on thicker markets.


Sent using the futures.io mobile app

Reply With Quote
 
(login for full post details)
  #37 (permalink)
 LastDino 
Legendary Pratik_4Clover
Mumbai, India
 
Experience: Beginner
Platform: TradingView & ZerodhaKite
Trading: Crude, NIFTY, BANKNIFTY
 
LastDino's Avatar
 
Posts: 903 since Jan 2019
Thanks: 2,757 given, 2,632 received

Well, congratulations.


Then again, I don't know much or many people, but I'm awfully curious about anything making money in this dodgy season which has "trend" in the name. It is impressive feat. Do keep us updated


Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #38 (permalink)
 JonnyBoy 
Market Wizard
Montreal, Quebec
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
 
JonnyBoy's Avatar
 
Posts: 1,559 since Apr 2012
Thanks: 706 given, 3,738 received


14milesperhour View Post
No offense taken - yep 100% sure itís my live account. I can post my broker account too which will show the growth. I get it I am super skeptical when it comes to this stuff too, but so far so good. Iím not saying buy this bot yet because I still want to battle test it more but I have been pleasantly surprised by itís consistency. Again though I am managing the exits. The only thing I am sim trading right now is NQ because I havenít felt comfortable trading NQ with trutrade yet. But I reset my sim account before grabbing the results page so any trades done in NQ would not be added in. Also I am trading NQ after hours and using historical data and days back in March and July to test right now. Iíve traded ES and CL on my live broker account with trutrade because those markets are thick and trutrade seems to do much better on thicker markets.


Sent using the futures.io mobile app

Thank you for the additional clarification. The reason I ask is because I might be missing something here!

Firstly you didn't include any commissions, so your real world $ profits would actually be less than what you have shown but still extremely good, in fact excellent! No big deal here per se, NT will only include or add commissions to your trader performance if you have added the dollar value under Commissions within NT itself. Something that is nearly always missed when traders present back tested data, but like you said this is live.

Which brings me to my next point. I do quite a bit of back testing in NinjaTrader using their 'standard' back testing and also in market replay. Either way I am always presented with the "Probability" statistic for the trading performance and I never like 0% as shown on yours.

This statistic determines how likely a trade is to occur that would return the same PnL as your Avg. trade. This is based on how many trade's PnL fall within a standard deviation of the Avg. trade. Student's t-distribution is used to find probability. This ultimately doesn't mean a back test won't be profitable when live trading but a statistic nonetheless.

However, with my live account(s) the Probability statistic is always absent because the trades were what the trades were and no calculation of their Probability was required. So, in my experience back tested trading performance always has the Probability statistic where as my live trading accounts do not.

I am probably out to lunch here. I am not sure why mine is different. Perhaps other NinjaTrader users can weigh in or I might ask NT myself why mine is different for live results vs. back tested. Is this just me? Anyone?

You don't need to post any broker statements unless you feel you need to. I honestly don't really care all that much, but I am more curious as to why you are seeing something different on your trading performance than what I see. I am not on the latest version of NinjaTrader (I always like to let the latest version be in the public domain before I switch over).

Anyway, I guess it is what it is. Just strange, that's all.

--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
Reply With Quote
The following user says Thank You to JonnyBoy for this post:
 
(login for full post details)
  #39 (permalink)
 jj612 
Minneapolis, MN
 
Experience: Intermediate
Platform: NinjaTrader
Trading: oil
 
Posts: 1 since Nov 2012
Thanks: 0 given, 0 received

Just giving my experience with TruTrade.io. I was curious as I stumbled across some YouTube videos. It looks like TrueTrade.io is co-owned by Brian Nutt, the owner of King Quant LLC. I spoke with Danny Rebello about a month ago. I asked some slippage, commission risk and a company operations question (do you outsource coding or do it in-house). I was told that those don't matter, the past performance in their examples should be all that matters.

Again, I'm just giving my experience with the sales process. I did not feel comfortable with the product and did not purchase (maybe my loss). 14mph - I wish you the best. It looks like it is working for you.

Reply With Quote
 
(login for full post details)
  #40 (permalink)
 JonnyBoy 
Market Wizard
Montreal, Quebec
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
 
JonnyBoy's Avatar
 
Posts: 1,559 since Apr 2012
Thanks: 706 given, 3,738 received


14milesperhour View Post
Sorry if I am posting to much about this. Since it seems like it is just me and one other user who has experience with TruTrade and the cost of their bots are not cheap (5K is like their least expensive and goes all the way up to 25K) I feel like I need to keep people up to date on the experience I am having so others can know how trutrade works. Again I am using their Trend Follower V3 currently. From a trading perspective I need to practice more so I know how to stay in a trade longer to capture more profit using TruTrade. Normally I am trading using heikin ashi, RSI and the moving average but with TruTrade you are using Renko Bars which I'm still trying to get used to in terms of knowing when a trend is continuing and when I need to start looking for my exit. Thus far though as long as you are managing the bot and using the second entry with reasonable take profits your losses are very small. Here is my results from this week so far (still have Friday to go) trading ES and CL (December contracts) and so far it's looking pretty good. The one I am still trading on Sim using TruTrade is EQ. Because the market is so thin and the price moves so much you really have to be careful using TruTrade with it. In a blink of an eye if you aren't there to hit "Flat" it can destroy your profits in a heartbeat. The tradeoff is if you can monitor it closely and be prepared at a moments notice to flatten the bot you can make some wild profit. Today I was practicing on Sim using one long and two hedge contracts (with 8 tick take profit) and ended up stopping after a 2K profit in just about 30 min (again EQ I am doing Sim because honestly I am scared of EQ to trade real money haha)

All that being said here is my actual profits and losses for this week using exclusively TruTrade and my actual trading account (non sim).

One of the things I am loving about trutrade is I can be doing something else until I hear the words "Order Submitted" and then I pull up Ninja and plan my exit. I also mark out my support and resistance levels through-out as well so I can make quicker decisions.

So far so good. I've at least paid for my bot and made profit on top of it at this point so I am a happy camper there.

@NinjaTrader - on my live account trading performance page, I don't see the Probability statistic. However, I do see this on every one of my back tests. Am I missing something here?

What is the criteria for the Probability statistic to show up on the trading performance page. Live account performance and back tested results or just back tested?

--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
Reply With Quote
 
(login for full post details)
  #41 (permalink)
 NinjaTrader  NinjaTrader is an official Site Sponsor
Site Sponsor

Web: NinjaTrader
AMA: Ask Me Anything
Webinars: NinjaTrader Webinars
Elite offer: Click here
 
 
NinjaTrader's Avatar
 
Posts: 1,579 since May 2010
Thanks: 185 given, 2,458 received


JonnyBoy View Post
@NinjaTrader - on my live account trading performance page, I don't see the Probability statistic. However, I do see this on every one of my back tests. Am I missing something here?

What is the criteria for the Probability statistic to show up on the trading performance page. Live account performance and back tested results or just back tested?

Are you you on the latest version? If you are and it's still not showing up, please reach out to our support team.

Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
Follow me on Twitter Reply With Quote
 
(login for full post details)
  #42 (permalink)
 14milesperhour 
Temecula CA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: ES
 
Posts: 9 since Aug 2020
Thanks: 0 given, 0 received


jj612 View Post
Just giving my experience with TruTrade.io. I was curious as I stumbled across some YouTube videos. It looks like TrueTrade.io is co-owned by Brian Nutt, the owner of King Quant LLC. I spoke with Danny Rebello about a month ago. I asked some slippage, commission risk and a company operations question (do you outsource coding or do it in-house). I was told that those don't matter, the past performance in their examples should be all that matters.

Again, I'm just giving my experience with the sales process. I did not feel comfortable with the product and did not purchase (maybe my loss). 14mph - I wish you the best. It looks like it is working for you.

Interesting... has anyone had experience with King Quant before? I've come across their profile but haven't dug into them very much. I looked them up since reading this post and it looks like at least the color scheme you have on the charts with TruTrade are identical to King Quant............. Might need to do some more investigation there for sure.

Yeah I always hate talking to TruTrade on the phone to be honest. They always and I mean ALWAYS are trying to upsell you to another bot rather then focusing on your questions. Thankfully I have a wife who controls the bank cards who is not part of these calls so the upgrades (or anything major purchase for that matter) don't happen without her approval because if I was in control... I'd be spending too much experimenting.

I looked up TruTrade way back when I was considering buying their bot as well and came across their LLC filing in Nevada. They only started in March of this year which is why I think there isn't that much on them yet on the internet.

https://www.bizapedia.com/nv/trutrade-llc.html

Anyways I will keep plugging away and seeing how this goes. So far I am very happy with my choice, just wished the sales process was more clear honestly and didn't involve having to do it on the phone. I mean at least let current clients upgrade and change bots via email or an online store but thats just me. I hate dealing with salespeople in general, its why I loved it when I bought a Tesla. Did it all online - only talked to two people for like five min. The person who confirmed my loan and the person who gave me my access card to the car. It was lovely!

Reply With Quote
 
(login for full post details)
  #43 (permalink)
 14milesperhour 
Temecula CA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: ES
 
Posts: 9 since Aug 2020
Thanks: 0 given, 0 received

Alright I will make this my last post in this thread for a while. I just feel like I am bombarding the group - but I just wanted to do one quick update. I am feeling very confident with TruTrade and it has honestly made my trading a whole lot easier - especially monitoring multiple charts. I was just able to scalp off $600 in profit in about 20 min. on NQ this evening (finally decided at the end of last week to trade NQ live) and honestly is was the easiest trading. I have support and resistance indicators on my chart that are dynamic so I can monitor levels and plan exits and I just let the bot do its thing. Draw downs have been small and as long as I am monitoring the trades, it does really well. The bots are pricey so these aren't for everyone and if you have a small account I just do seeing it being worth it. However if you have a large(r) account then you might want to consider getting even some of their entry level bots (I think their cheapest is 4K). They do seem to work pretty well. Ask for Danny, he is more down to earth when it comes to the system.

I am working on upgrading my bots right now (it's going to set me back 12K yikes, but I am going to be using my trading profits to pay for it) and will report back on what the upgrades do for me. The good news is I am positive in my account by quite a bit since using TruTrade - honestly I have been able to hit my daily profit targets faster using TruTrade Trend Following V3.

Overall I am very happy with the product and the results. Of course this can all change, especially when I make this next investment BUT assuming it works as advertised and described I should pay for this bot upgrade in a months time (fingers crossed.)

Obviously this isn't for everyone, but if you are looking to trade multiple charts at once or not able to stare at your screen during your whole trading session - this bot (trend following) allows you to breath and keep track of everything pretty easily.

Wish me luck! I hope I don't get screwed over with this haha.

Reply With Quote
 
(login for full post details)
  #44 (permalink)
 cv2low 
CA
 
Experience: Intermediate
Platform: Ninja
Broker: NinjaTrader
Trading: ES
 
Posts: 130 since Sep 2009
Thanks: 778 given, 87 received

Hi @14milesperhour , any update on the new bots?

Reply With Quote
 
(login for full post details)
  #45 (permalink)
 14milesperhour 
Temecula CA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: ES
 
Posts: 9 since Aug 2020
Thanks: 0 given, 0 received


cv2low View Post
Hi @14milesperhour , any update on the new bots?



I decided to not go through with the purchase. When it was all said and done it was going to cost 13500 and then 1500 per month recurring. It just seemed insane to pay that much. I own a SAAS company and I have two C# developers at my disposal so Iím just going to put the money I would have spent on trutrade and develop my own bots. The bot I have right now from them does well enough but their pricing is just too aggressive for my comfortability.


Sent using the futures.io mobile app

Reply With Quote
 
(login for full post details)
  #46 (permalink)
 cv2low 
CA
 
Experience: Intermediate
Platform: Ninja
Broker: NinjaTrader
Trading: ES
 
Posts: 130 since Sep 2009
Thanks: 778 given, 87 received

@14milesperhour, thanks for the update

Reply With Quote
 
(login for full post details)
  #47 (permalink)
 14milesperhour 
Temecula CA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: ES
 
Posts: 9 since Aug 2020
Thanks: 0 given, 0 received

Well the shine has rubbed off of TruTrade for sure. Honestly it must have just been lucky that I was pulling in the numbers I was before. This week the tool 100% failed. It did not take a single good trade and I mean ZERO. Every trade was in the red. It was really a disheartening experience to say since I had such high hopes that this tool would help me simplify my trading and would help me manage multiple charts at once.

I have decided that I will not be using TruTrades products anymore. At least I was able to pay for it using trading profits so I'm not out any of my personal money but still disappointing all the same. A few weeks ago I reached out to TruTrade regarding a new bot that on their YouTube channels looked promising (MarketRipper) and what I got back was spending an additional 13K on the bot. I was going to purchase it too because at that time the Trend Following was working. However I had a couple of break even days in a row and so I decided to put it on hold. I was also told that the bot I had purchased was nothing compared to the higher version they had now. I was offered the updated bot, but only if I purchased the new bot. So yeah... I guess your purchase doesn't include updates. Thankfully I have a couple of C# developer friends so I reached out to them to see if they would be interested in building a bot together and they agreed.

Then I had this whole week where my account took hit after hit (I mean to some of you loosing 3K won't mean that much but to me it means a lot. I only have n 80K account and I don't like loosing that much. So I decided it was time to see what would happen if the bot was left to it's own devices (but not with my money but SIM money). I know they told me over and over that you need to be manage the trade and flatten the order when you hit targets you want BUT spending this kind of money on the bot you would think that at the very least... left to its own devices I would scrap out a small profit right?

So I loaded it into October 1 & 2 and did market replay.....


Well the results speak for themselves. Honestly I feel foolish at this point for trusting it at all but, live and learn!


Reply With Quote
 
(login for full post details)
  #48 (permalink)
 JonnyBoy 
Market Wizard
Montreal, Quebec
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
 
JonnyBoy's Avatar
 
Posts: 1,559 since Apr 2012
Thanks: 706 given, 3,738 received

I do not think you should feel foolish at all. You scratched the itch so to speak.

At the top of this thread, there were many of us that were skeptical for two main reasons.

Firstly, most of us have traveled this road before, looking for an external answer to trading without first looking inside ourselves. It never works out.

Second, it just isn't that easy. Even very experienced strategy / bot writers will tell you this. And when they find "something" sure as chips, they ain't selling it!

The dollar cost of these bots was also excruciatingly high I actually had to read your post twice!

So, I think the most important question now is to know where you are going from here.

FIO is an incredible resource. There are journals on here that are literally worth their weight in gold.

14milesperhour View Post
Well the shine has rubbed off of TruTrade for sure. Honestly it must have just been lucky that I was pulling in the numbers I was before. This week the tool 100% failed. It did not take a single good trade and I mean ZERO. Every trade was in the red. It was really a disheartening experience to say since I had such high hopes that this tool would help me simplify my trading and would help me manage multiple charts at once.

I have decided that I will not be using TruTrades products anymore. At least I was able to pay for it using trading profits so I'm not out any of my personal money but still disappointing all the same. A few weeks ago I reached out to TruTrade regarding a new bot that on their YouTube channels looked promising (MarketRipper) and what I got back was spending an additional 13K on the bot. I was going to purchase it too because at that time the Trend Following was working. However I had a couple of break even days in a row and so I decided to put it on hold. I was also told that the bot I had purchased was nothing compared to the higher version they had now. I was offered the updated bot, but only if I purchased the new bot. So yeah... I guess your purchase doesn't include updates. Thankfully I have a couple of C# developer friends so I reached out to them to see if they would be interested in building a bot together and they agreed.

Then I had this whole week where my account took hit after hit (I mean to some of you loosing 3K won't mean that much but to me it means a lot. I only have n 80K account and I don't like loosing that much. So I decided it was time to see what would happen if the bot was left to it's own devices (but not with my money but SIM money). I know they told me over and over that you need to be manage the trade and flatten the order when you hit targets you want BUT spending this kind of money on the bot you would think that at the very least... left to its own devices I would scrap out a small profit right?

So I loaded it into October 1 & 2 and did market replay.....


Well the results speak for themselves. Honestly I feel foolish at this point for trusting it at all but, live and learn!


Sent using the futures.io mobile app

--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
Reply With Quote
The following user says Thank You to JonnyBoy for this post:
 
(login for full post details)
  #49 (permalink)
 fernandesjerry 
Mundelein
 
Experience: Advanced
Platform: Ninja Trader
Trading: Emini
 
Posts: 1 since Mar 2017
Thanks: 0 given, 0 received


ntcat View Post
When I first posted this message my intent was to get some info from other people who has used also the software in the past.

I was having a bit of hard time understanding what the bot was actually doing. Also I did not want to be a part of some well known scam, that I was not aware of. I am in talks with TruTrade and I was offered a bit of retraining. I think the first time I was just asking so many questions and not paying attention to what the Tech was telling me. After watching the reply many times I might have side tracked the training accidentally. I have recorded our time just so that I could review it later. The recordings are for private use only and cannot be shared.

I might have mentioned in an email to TruTrade that pointed to this site, My goal or my thought process is that a company if they were a scam would not dare reply a public forum. But to my surprise they did. My bad, Sorry.

Here are some of the mistakes I made,

1. SIM Trade First - Because there is more to it than turning it on and waiting for payday.

2. Identify the Trend using their methods


What I may have done is log into my bot and just turned it on.. I stuck a wireless ear piece in and worked at my 9 to 5 job until I heard it take a trade. Some times it would take hours for it to do anything, I may have gotten a bit of FOMO when I did not see it do anything happening.

What they stressed is they want me be successful and if I am not they can't sell me anything else.

They told me they are true to their word, and that honestly is very important

We have a meeting setup for Friday 7 August 2020 to go over the settings and how to correctly use the automation software.

I will keep everyone updated on my progress.

So how did your August 7th Meeting GO? Have you had any success? I am considering thoer MACD PR BOT. Beofre I do it wanted to see anyone else has any experience with TruTrade

Reply With Quote
 
(login for full post details)
  #50 (permalink)
 MrTrader 
ITAJAI SC/BRAZIL
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Clear Corretora
Trading: DOLFUT, WINFUT
 
Posts: 243 since Jun 2014
Thanks: 990 given, 168 received


JonnyBoy View Post
The good news is, Google will capture this post if anybody searches for a review. Hopefully, this vendor will go the same way as your hard earned cash.

Just received a sales email from a well known trading magazine advertising this guys (mailinglist I guess) and did a Google search... bam! Here I am.

Have never heard about their's miraculous system but now, well, thanks guys for the reviews and posts!

Reply With Quote


futures io Trading Community Trading Reviews and Vendors > TruTrade.io Has anyone else have experience?


Last Updated on March 31, 2021


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1,800 in prizes!

April

An Introduction to CME Group Micro Bitcoin Futures w/David Lerman

Elite only
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts