Blue Wave Trading - futures io
futures io



Blue Wave Trading


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one BigDog with 2 posts (0 thanks)
    2. looks_two newell with 2 posts (1 thanks)
    3. looks_3 masoud with 2 posts (0 thanks)
    4. looks_4 sharky with 1 posts (4 thanks)
      Best Posters
    1. looks_one monpere with 12 thanks per post
    2. looks_two sharky with 4 thanks per post
    3. looks_3 c12345 with 1 thanks per post
    4. looks_4 BTTFT Michael with 1 thanks per post
    1. trending_up 17,217 views
    2. thumb_up 19 thanks given
    3. group 13 followers
    1. forum 17 posts
    2. attach_file 0 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
 

Blue Wave Trading

(login for full post details)
  #1 (permalink)
BigDog
Chicago
 
 
Posts: 60 since Jun 2009
Thanks: 0 given, 17 received

Is anyone familiar with the Blue Wave Trading setup?

Is there anything similar to what they offer in terms of indicators, etc?

Reply With Quote

Journal Challenge April 2021 results (now extended!):
Competing for $1800 in prizes from Jigsaw
looks_oneMaking a Living with the Microsby sstheo
(145 thanks from 21 posts)
looks_twoSalao's Journalby Salao
(45 thanks from 10 posts)
looks_3Deetee’s DAX Trading Journal (time based)by Deetee
(35 thanks from 16 posts)
looks_4Learning to Profit - A journey in algorithms and optionsby Syntax
(15 thanks from 13 posts)
looks_5Maybe a little bit different journalby Malykubo
(14 thanks from 14 posts)
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Big Mike in Ecuador
76 thanks
Would You Sell Your System?
60 thanks
The Crude Dude Oil Trading System
59 thanks
The New Micro Contract - MICRO BITCOIN coming May 2021
25 thanks
futures io site changelog and issues/problem reporting
21 thanks
 
(login for full post details)
  #2 (permalink)
gregor32
Prague
 
 
Posts: 23 since Aug 2009
Thanks: 0 given, 3 received

I did a trial of it once they pretty much have the same stuff as is on here and NT forums. They may have worked out better settings or something but it didn't seem worth what they charged for it.

Reply With Quote
 
(login for full post details)
  #3 (permalink)
 fesx 
Georgia
 
Experience: Intermediate
Platform: Ninja
Broker: AMP/CQG
Trading: ZN, ES, FGBL, FESX
 
fesx's Avatar
 
Posts: 131 since Jul 2009
Thanks: 829 given, 113 received


Trust me....you will get everything you need for free off of this site and it will be even better....DO NOT PAY FOR SOMETHING YOU CAN GET FREE HERE!!!!!! PM, if you have any specific questions you want answered. I was a FORMER user of BWT

Reply With Quote
 
(login for full post details)
  #4 (permalink)
 tellytub 
london uk
 
Experience: Beginner
Platform: NinjaTrader
Broker: Zen-Fire
Trading: Stocks
 
tellytub's Avatar
 
Posts: 409 since Jun 2009
Thanks: 333 given, 120 received

You prob tried this already, if not here is the same question I asked as well



Reply With Quote
 
(login for full post details)
  #5 (permalink)
 yiman 
London
 
Experience: Intermediate
Platform: ninjatrader, multicharts, MT4
Broker: IB, PFG Best
Trading: 6E, EMD, TF
 
Posts: 258 since Jul 2009
Thanks: 110 given, 152 received

I have spent a fortune on all kinds of systems books training, etc In the end all it did was cloud my vision and stopped my brain from working. The best thing you can do is keep all that money for your trading account and learn to use the information that price action is giving you. The advice here from all these great people is much more valuable than any system you can buy. you could also visit forex4noobs.com where you can learn more about trading without indicators

Reply With Quote
 
(login for full post details)
  #6 (permalink)
 Eric j 
NY
 
Experience: Advanced
Platform: Esignal, MBT navigator
Trading: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,396 given, 2,576 received

I agree with Yiman . Bluewave and any other educator will sell you a seat in their classroom to show you how they trade but if your focus is on indicators and price action comes second to you then you can never succeed , sorry .

I have spent plenty to be taught how to trade and sampled every indicator and method there is and then found that by first recognizing price formations and patterns you will discover that their repetition is very real and happens over and over again .

Only then did I realize that applying indicators that quantified price action and confirmed entries and exits could I use indicators to make money .

My suggestion is to read and understand a book like " Trade chart patterns like the pros " by Suri Duddela , its much cheaper than a $3000 course and will help you develop a method on your own that you will understand and enjoy a lot more than the rules set forth by an educator .

Hope this helps .

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #7 (permalink)
BigDog
Chicago
 
 
Posts: 60 since Jun 2009
Thanks: 0 given, 17 received

i'm mostly intrested in the indicators they use just to see what they're doing.... not too concerned about his setups or any of that stuff

Reply With Quote
 
(login for full post details)
  #8 (permalink)
 spinnybobo 
Crete, IL/USA
 
Experience: Intermediate
Platform: NinjaTrader, Mt4
Broker: Tradestation/Tradestation, NinjaTrader, FXCM and Tallinex
Trading: ES, CL, EUR/USD, TF
 
spinnybobo's Avatar
 
Posts: 181 since Aug 2009
Thanks: 103 given, 56 received

Hi FESX,
I like the eco2 and mike super trend. but do we have free indicators on this site that have that divergence thing BWT has----I think it is bollingerband ma divergence of some sort that gives diamonds as it happens. This is a good trigger.
thanks
Spencer

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #9 (permalink)
 newell 
FL
 
Experience: Intermediate
Platform: NinjaTrader
 
Posts: 2 since Nov 2009
Thanks: 3 given, 1 received

I know this is my first post which may seem suspicious but i am more of a lurker any way. I own and use some of the BWT indicators every day and on almost all trades. I agree that having traded now for about 5 years I can trade without them, but it has been a great tool for learning set ups, pull back, trends, and reversal points. I would say if youre newer to trading and cant find similar indicators free, and you can throw out 3k, i think they are worth every penny. just sayin, really helped me learn. I never joined any chat rooms or bought the autotrader, although i do like the auto trader. When i leave my screen for a while, i can come back look at the BWT and get a pretty good idea what set ups i should look for next.

Just my 2cents.

Reply With Quote
The following user says Thank You to newell for this post:
 
(login for full post details)
  #10 (permalink)
 sharky 
MIAMI,FL
 
Experience: Advanced
Platform: NinjaTrader
Broker: Private
Trading: Zn,6E,6J
 
sharky's Avatar
 
Posts: 1,060 since Jun 2009
Thanks: 624 given, 3,900 received


if you never bought the auto trader then how do you like it???sharky

KILLING THE MARKETS DAILY
Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to sharky for this post:
 
(login for full post details)
  #11 (permalink)
 newell 
FL
 
Experience: Intermediate
Platform: NinjaTrader
 
Posts: 2 since Nov 2009
Thanks: 3 given, 1 received

Ive seen the autotrader in action in webinars with Randy. It really does not appear to be a set it and leave tool. so i use the information learned in the webinar to trade the indicators manually.

Reply With Quote
 
(login for full post details)
  #12 (permalink)
 masoud 
canada
 
Experience: Beginner
Platform: ninja
Trading: ES CL
 
masoud's Avatar
 
Posts: 48 since Dec 2010
Thanks: 19 given, 16 received

Hi FESX,

Can you please let me know where I can find and indicator like BWT Percision CCI? I would like to try it.
I appreciate your feedback.

Mas





fesx View Post
Trust me....you will get everything you need for free off of this site and it will be even better....DO NOT PAY FOR SOMETHING YOU CAN GET FREE HERE!!!!!! PM, if you have any specific questions you want answered. I was a FORMER user of BWT


Reply With Quote
 
(login for full post details)
  #13 (permalink)
 vinceb 
Buffalo NY
 
Experience: Intermediate
Platform: Ninja, Tradestation
Broker: Glocapmarkets
Trading: FDAX,FOREX,GOLD,NQ,CL
 
Posts: 35 since Dec 2009
Thanks: 8 given, 10 received

when i was on tradestation i owned most of blue waves indicators. i have since then divorced them all and have used alot of the insightful tips and tools that are used right here on the forum. this has been my best year to date. i spent alot of money on indicators and all the stuff i bought i dont use anymore.

Reply With Quote
 
(login for full post details)
  #14 (permalink)
 monpere 
Bala, PA, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus, IB
Trading: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,339 received


vinceb View Post
when i was on tradestation i owned most of blue waves indicators. i have since then divorced them all and have used alot of the insightful tips and tools that are used right here on the forum. this has been my best year to date. i spent alot of money on indicators and all the stuff i bought i dont use anymore.

People, there's nothing wrong with indicators, the problem is most users are looking for an indicator to put on the chart and instantly get 95% winning blue arrows without understanding the indicator. I can go toe-to-toe with price action analysis with the best of them, but I choose purely indicator based trading, using the most common and free indicators you can find, RSI, and Stochastics. I exclusively trade divergence, let me see anyone trade divergence without an indicator, hehe

What you need to do is choose a small set of indicators, and learn them inside out, just like price action traders learn price patterns, indicator traders need to learn the behavior of their indicators. I have studied my indicators enough that I can look at the price action, and pretty much tell you what my indicators would look like during that price action. I don't analyze the market, and almost don't even need to look at price action, I trade indicator pictures, when my indicator gives me a certain picture, I don't hesitate to pull the trigger, because all the price action analysis is built in to that indicator pattern. You can trade very successfully and stress free with indicators, but you need to learn the behavior of your indicator(s) inside and out.

Reply With Quote
The following 12 users say Thank You to monpere for this post:
 
(login for full post details)
  #15 (permalink)
 masoud 
canada
 
Experience: Beginner
Platform: ninja
Trading: ES CL
 
masoud's Avatar
 
Posts: 48 since Dec 2010
Thanks: 19 given, 16 received

I agree with you, after 3 years of trading this and that, recently I found what you explained here and now I am focusing in my indicator trying to predict the price.
Thanks,
Masoud


monpere View Post
People, there's nothing wrong with indicators, the problem is most users are looking for an indicator to put on the chart and instantly get 95% winning blue arrows without understanding the indicator. I can go toe-to-toe with price action analysis with the best of them, but I choose purely indicator based trading, using the most common and free indicators you can find, RSI, and Stochastics. I exclusively trade divergence, let me see anyone trade divergence without an indicator, hehe

What you need to do is choose a small set of indicators, and learn them inside out, just like price action traders learn price patterns, indicator traders need to learn the behavior of their indicators. I have studied my indicators enough that I can look at the price action, and pretty much tell you what my indicators would look like during that price action. I don't analyze the market, and almost don't even need to look at price action, I trade indicator pictures, when my indicator gives me a certain picture, I don't hesitate to pull the trigger, because all the price action analysis is built in to that indicator pattern. You can trade very successfully and stress free with indicators, but you need to learn the behavior of your indicator(s) inside and out.


Reply With Quote
 
(login for full post details)
  #16 (permalink)
c12345
PA
 
 
Posts: 81 since Sep 2009
Thanks: 4 given, 46 received

My experience is posted in another thread, missed this one when I posted the other, sorry!

But my experience has been TERRIBLE!

the system itself is based off SUPERTREND (you can get here on this forum!)

the support from the vendor when you have bugs, and problems is that he doesn't correct them, and says to deal with the over-fills, and bugs that are in the code, this is bad... if you have known issues in your code, GET IT FIXED... and make the people that have purchased your software, aware of these, before they risk THEIR OWN REAL MONEY IN THE MARKETS.


its obvious that the developer DOESN"T use his own real money to trade this strategy, the fact is that if he did trade his own money, he would go broke quickly....

In the end, I'd suggest sterring clear of this vendor....

Reply With Quote
The following user says Thank You to c12345 for this post:
 
(login for full post details)
  #17 (permalink)
 BTTFT Michael 
East Bend
 
Experience: Advanced
Platform: NinjaTrader, Tradestation, MetaTrader
Broker: Mirus/Kinetick
Trading: Futures, Oil, Gold, NQ
 
Posts: 49 since Mar 2010
Thanks: 2 given, 65 received

I agree, it appears that the indicators seem to have a very similar foundation to the "SUPERTREND" indicator included in this site's download area. I have several customers that have purchased his products and have fairly good things to say, but most would agree that it was a launching point for them - that they aren't using the tools exclusively, but rather have taken the concepts they learned and applied them to match their particular trading personality and style. I also agree, that these are just indicators per se, and not one size fits all canned approaches, the likes of which I've never seen.

Masoud, you are right about pursuing predictive indicators as a whole and that general concept and idea. It's that same realization that I had several years ago. I got tired of working with tools that told me what had "just happened", and found that in this new era of data analysis (alongside more powerful trading computers and better platforms like NT7, TSTation 9.0+) we could squeeze some really relevant information that was in fact, "leading", vs "lagging". When you search for vendors that work with leading indicators too I've found there is more transparency, as what they say should happen next either does, or doesn't, a statistically relevant period of time.

Please send me a Private Message if you have any questions about BTTFT services
Follow me on Twitter Reply With Quote
The following user says Thank You to BTTFT Michael for this post:
 
(login for full post details)
  #18 (permalink)
 westmalle 
Eindhoven The Netherlands
 
Experience: Intermediate
Platform: Sierra, NinjaTrader
Trading: TF NQ YM 6E ES
 
Posts: 50 since Mar 2013
Thanks: 55 given, 37 received

Anyone knows which futures.io (formerly BMT) Ninja 7 indicators are the equivallent of:
- BWT PercentRStoch
- BWT ATROscillator

I would like to use data from these BWT indicators in a simple Ninja strategy wizard. Right now these BWT indicators do not show their data in the strategy wizard. I can only see the data displayed in the Ninja Data Box.

Reply With Quote


futures io Trading Community Trading Reviews and Vendors > Blue Wave Trading


Last Updated on January 9, 2014


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Journal Challenge w/$1,800 in prizes!

April
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, 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