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Hello , is there anyone who used robot lab bots for sp500 futures by Ninjacators. They ask a fair price for 5 of their bots, I would like to know if anyone has used them. Thanks
I just started using the 5 bots on Friday. None of them took a trade. I am going to take advantage of the white glove installation service just to see if I did anything incorrect in my setup. I'll report back once I have some results.
So far I've been paper trading the Bots. They seem good at entering a trade but the base settings have the stop loss and take profit way too wide for this market. Too many winners turn to losers since the target is too far away. I need to spend some time to adjust the SL/TP parameters. The customer support is good with weekly webinar discussions and backtests. However, from these webinars I do not get the feeling that anyone is really satisfied with the results so far - me included - but I've also not put the time into finessing the settings. I can NOT recommend the Bots at this time. There is talk of an update and hopefully that might bring more success. I'll try to report back if any improvements are made....
Wow, thank you for the quick and honest reply! From your observations, if you manually exited/ scalped the trades when in profit (I watch charts all day anyway)... will that be an overall profitable scenario. I just want the BOTs to pick the entry and let the market move in the direction of the trade and be green, before I close it manually. Thanks again!
You could do that, but I believe there may be better options out there. I'd also look for a BOT that has a free trial. NC only provides a store credit if not happy after 30 days. The BOT program I have is called the Fantastic Five. One other thing I do not like is that they do not disclose what strategy each BOT is doing. I've asked for clarification on whether certain Bots are better at ranging markets or uptrend or downtrend, etc. The reply is that the strategies are proprietary so I really don't know what each Bot is looking for and trying to achieve. It's a matter of tweaking the allowable parameters and backtesting - which admittedly I have not spent a lot of time doing since my computer takes a long time to backtest....
If you have to do this with a BOT you bought, is it really worth the money spent? You'll spend a lot of effort testing, and if you test incorrectly, you'll end up with nothing worthwhile.
If on the other hand the bot has all parameters fixed, and you just have to turn it on to get the same results as shown by vendor, that might be worth it.
Some people like buying pre-built systems like this, but even minor changes to parameters can radically change the bot's results.
