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Automated Trading

Has anyone had experience with Cool Trade automated software (www.cool-trade.com). It seems like a good alternative for traders without much programming experience.

CoolTrade

I am currently reviewing CoolTrade for an article that I am writing for a publication. I'll be testing it extensively over the next 30 days.

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Being told that it can't be done is the reason that someone like you goes out a does it. So I'm now telling you, "It can't be done!"

Great! Please let me know how it works!

I looked at it a few weeks ago after reading something about an ex msft guy being behind it or something. (I think TraderMonthly had a blurb about it).

I wasn't very impressed.

interesting.. but when i checked out the site going with IB the rates are the old rates from last fall... 500 .01 > 500 .005

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ROGUE TRADER----Operating outside normal or desirable controls: "How could a single rogue trader bring down an otherwise profitable and well-regarded institution?" (Saul Hansell).

I've been using Cool-Trade for a while now. I've come to realize that I'm not a very good trader, and this morning proved that fact painfully (I'm very emotional). at least with Cool-Trade I'm starting to recoup my losses.

I use half of my invested money myself, and I let Cool-Trade trade the other half. With a Conservative strategy I at least make up part of my losses.

I don't mind talking about my losses, because i am still new to trading in general. I'll get it right ..... one day.

Cool-Trade does exactly what it says it does. It will automate your strategy: good or bad.

Granted I'm new to the forum, but is there isnt a true automated trader discussed on these boards.


George

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Online Stock Trading

I've been using cool-trade for about a year. The Cool-trade office happens to be located near my home, and I did drive over one day to meet the owner/developer and check things out. I allow C-T to run in the background which frees my mind for trading futures. Some observations:

C-T is extremely easy to use. No programming skill is required to use it effectively. That defines the intended audience, imho.

C-T strategies are mostly form-entered with help from selection menus. The user doesn't have access to a programming language, so it may not be possible to invent a new or arbitrary trading rule. On the other hand, it has a great deal of flexibility and can closely approximate most ideas. Also, the owner/developer has been very willing to add indicators that users request.

It's not very pretty, imho. Otoh, you aren't supposed to watch it, anyway.

There are some restrictions. Order size is always 100 shares or a multiple. It handles only stocks, not derivatives. It can only watch 40 stocks at a time. So if you're watching a thousand penny stocks for a breakout, it won't help you.

To sum it up, C-T is designed for people who want an automatic trader that is easy to use and cheap, and it meets that need quite well. For those who need a powerful programming language or need to scan many stocks in real time, it's not going to be sufficient.

Cool-Trade

I’ve found Cool-Trade to be a very interesting site. If you have a theory about what makes a stock go up or down, this is the site for you. You don’t need to have any programming experience, but you need to know about what makes the market tick technically. The really nice part about Cool-Trade you can test your theories with real time information, on a simulated platform and if the formula you are trying doesn’t work, just plug in another one. You can set your formulas for day trading or to hold for long term, or until your formula kicks you out. There are a couple of formulas in the system that you can down load when you down load the program. When your happy with your buy and sell formulas, you just turn on your machine in the morning and don’t have to look at it again until the market closes. The trading is all done for you. Once you go live the commissions are only a dollar a trade. It’s well worth a look.

Paul

i saw the cooltrade short in Trader Monthly. It seems overly simplistic in strategy..but I have not judged whether this is wholly a bad thing. I am working on two filters, short and long side, and will update you when I get commished to 0.

I think Cool Trade is a good option for former full-time daytraders like myself who'd like to stay involved with the market while running another kind of business.

Does Cool Trade do the executions for you or does it work in conjunction with your broker? Also, how sophisticated are the stock screening capabilities? Does anyone have a list of what the screening criteria are or the various automated strategies? I couldn't find any detail from the website. Thanks in advance.

The list is way to long. (at least for me to type )

but i put up some screen shots to let you see what it looks like

http://members.dslextreme.com/users/sorak99/

Cool-trade is fully automated.

~G

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Very nice! Thanks Sorak99!

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Quote from Sorak99:

I've been using Cool-Trade for a while now.

George

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I use stocks "2.00 and below" strategy and I got a fairly good return the first few months. but recently (very recently) im down a little bit.

The less i watch it, the more i make.

~G

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Are the Cool-trade strategies more suited for trending markets? How do they do in a choppy, sideways trading market? I'm worried that I'll just pay a lot in commissions by getting stopped out of trades and re-entering them unless my stops are wide enough.

The available Cool-Trade strategies are more or less examples. You can change them or make your own.

You can create a strategy to trade a 100 dollar stock when the emini is less than 10. Or you can have it buy Microsoft when the Nasdaq jumps up 600 points.


There is also a default Conservative Strategy that may trade a few times a week (depending on the market at the time).

The beauty of Cool-Trade is that you make your own strategies. The trick is making a good one. There are four basic steps in creating a strategy in Cool-Trade.

For a long strategy:
1. Setting rules for stock picks (or use your own portfolio)
2. setting rules for when to buy
3. Setting rules for when to add to your position (if desired)
4. Setting rules for when to sell

So for a short example:
1. pick stocks thats 30 day average volume is greater than 1000000
2. buy those stocks when the 20 day EMA is greater than the 10 SMA
3. buy more of that stock if it falls 10%
4. sell that stock if i make 50 cent profit.

Of course you can make it more complicated than that, and there are timers, lot sizes, stop losses and a couple hundred rules to choose from.

~G

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Online Stock Trading

Ok....

So I typed up the criteria to make rules.

Yesterdays close price
yesterdays open price
yesterdays high price
yesterdays low price
yesterdays volume

2- day average volume
3- day average volume
4- day average volume
5- day average volume
10- day average volume
20- day average volume
30- day average volume
50- day average volume
200- day average volume

2- Day SMA
3- Day SMA
4- Day SMA
5- Day SMA
10- Day SMA
20- Day SMA
30- Day SMA
40- Day SMA
50- Day SMA
100 Day SMA
200 Day SMA

Lowest Price during the previous 2 Days
Lowest Price During the Previous 3 Days
Lowest Price during the Previous 4 Days
Lowest Price during the previous 5 Days
Lowest Price During the Previous 10 Days
Lowest Price during the Previous 20 Days
Lowest Price During the Previous 30 Days
Lowest Price during the Previous 50 Days
Lowest Price During the Previous 200 Days

Days Since the 2-Day Low
Days Since the 3-day low
Days Since the 4-Day Low
Days Since the 5-day low
Days Since the 10-Day Low
Days Since the 20-day low
Days Since the 30-Day Low
Days Since the 50-day low
Days Since the 200-Day Low

# of Days the 2-Day Low has Not Changed
# of Days the 3-Day Low has Not Changed
# of Days the 4-Day Low has Not Changed
# of Days the 5-Day Low has Not Changed
# of Days the 10-Day Low has Not Changed
# of Days the 20-Day Low has Not Changed
# of Days the 30-Day Low has Not Changed
# of Days the 50-Day Low has Not Changed
# of Days the 200-Day Low has Not Changed

Highest Price During the Previous 2 Days
Highest Price During the Previous 3 Days
Highest Price During the Previous 4 Days
Highest Price During the Previous 5 Days
Highest Price During the Previous 10 Days
Highest Price During the Previous 20 Days
Highest Price During the Previous 30 Days
Highest Price During the Previous 50 Days
Highest Price During the Previous 200 Days

Days Since the 2-Day High
Days Since the 3-Day High
Days Since the 4-Day High
Days Since the 5-Day High
Days Since the 10-Day High
Days Since the 20-Day High
Days Since the 30-Day High
Days Since the 50-Day High
Days Since the 200-Day High


# of Days the 2-Day High Has Not Changed
# of Days the 3-Day High Has Not Changed
# of Days the 4-Day High Has Not Changed
# of Days the 5-Day High Has Not Changed
# of Days the 10-Day High Has Not Changed
# of Days the 20-Day High Has Not Changed
# of Days the 30-Day High Has Not Changed
# of Days the 50-Day High Has Not Changed
# of Days the 200-Day High Has Not Changed

Close Price 2 Days Ago
Close Price 3 Days Ago
Close Price 4 Days Ago
Close Price 20 Days Ago
Close Price 50 Days Ago
Close Price 100 Days Ago
Close Price 200 Days Ago

Price Change Since 2 Days Ago
Price Change Since 3 Days Ago
Price Change Since 4 Days Ago
Price Change Since 20 Days Ago
Price Change Since 50 Days Ago
Price Change Since 100 Days Ago
Price Change Since 200 Days Ago


Percent Change Since 2 Days Ago
Percent Change Since 3 Days Ago
Percent Change Since 4 Days Ago
Percent Change Since 20 Days Ago
Percent Change Since 50 Days Ago
Percent Change Since 100 Days Ago
Percent Change Since 200 Days Ago

Consequtive Days Price Up
Consequtive Days Price Down
Consequtive Days On Up List
Consequtive Days On Down List

Highest Price 1 Day Ago
Highest Price 2 Day Ago
Highest Price 3 Day Ago
Highest Price 4 Day Ago
Highest Price 5 Day Ago

Lowest Price 1 Day Ago
Lowest Price 2 Day Ago
Lowest Price 3 Day Ago
Lowest Price 4 Day Ago
Lowest Price 5 Day Ago

Open Price 1 Day Ago
Open Price 2 Days Ago
Open Price 3 Days Ago
Open Price 4 Days Ago
Open Price 5 Days Ago

close Price 1 Day Ago
close Price 2 Days Ago
close Price 3 Days Ago
close Price 4 Days Ago
close Price 5 Days Ago

Volume 1 Day Ago
Volume 2 Days Ago
Volume 3 Days Ago
Volume 4 Days Ago
Volume 5 Days Ago

FUNDAMENTAL DATA

Price Earnings Ratio
52-Week High
52-Week Low
Calendar Year High
Calendar Year Low
Divident Yield
Divident Amount
Current Year EPS
Next Year EPS
5 Year Growth Rate
Institutional Ownership Percent
Beta
Current Assets
Current Liabilities
Long Term Debt
Common Shares OUtstanding
Historical Volitility


TECHINIAL INDICATORS (select by value)

Average True Range(14)
Bolinger(2,5,20)
Bolinger Upper
Bolinger Middle
Bolinger Lower

Commodity Channel Index(20)

Exponential Moving Average(14)

MACD(12,26,9)
Macd Value
MACD Signal Line

Moving Avg High Low(14)
MAHL High
MAHL Low

Momentum(14)

On Balance Volume(0)
ObVol Breakout
ObVol Field Trend

Pivot Points
Pivot
Resistance1
Resistance2
Support1
Support2

Rate of Change(100,14)

Relative Strength Indicator(14)

Random Walk Indicator(14)
RWI High
RWI Low

Stochastic(14)
Stochastic Rawk(14)
Stochastic SlowD(14,3,3)
Stochastic FastD(14,3)

TECHNICAL INDICATORS (select bullish/bearish)

Total Number of Bullish Indicators
Total Number of Bearish Indicators

.Bollinger Bands
.CCI
.Exponential Moving Average
.HPR
.LSM
.MACD
.MAHL
.Momentum
.On Balance Volume
.ROC
.Relative Strength Index
.RWI
.Stochastics

CANDLESTICK FORMATIONS
.AbandonedBabyTop
.BeltHoldLineBull
.EngulfingLineBull
.Hammer
.HaramiCrossWhite
.HaramiWhite
.Inverted Hammer
.MorningDojiStar
.MorningStar
.PiercingLine
.Rising3Method
.SeperatingLineBUll
.SideBySideWhiteGapUp
.TasukiUpsideGap
.ThreeGapsDown
.ThreeWhiteSoldiers
.AdvanceBlock
.BeltHoldLineBear
.DarkCloudCover
.EngulfingLineBear
.EveningDojiStar
.EveningStar
.Falling3Method
.GravestoneDoji
.HangingMan
.HaramiBlack
.HarmiCrossBlack
.InNeckline
.SeperatingLineBear
.ShootingStar
.SideBySideWhiteGapDn
.StalledPattern
.TasukiDownsideGap
.ThreeGapsUp
.UpsideGap2Crows



These are the criteria to pick a stock. You pick one of these then in the middle screen there is a list: greater than, less than, greater than or equal to, less than or equal to, or equal (bullish and bearish for candelsticks), and a list of critiera on the right side. Then you have yourself a rule.

You can have as many rules as you want.


So you can put 2 day average volume is (Insert any Number including 0) less than the 3 day average volume as a rule.

Thats about it for picking a stock.

Opening a new position has a few extra rules, that account for times of the day and personal preferences, for example if you prefer the morning activity to the afternoon lull.

Thats about it. Anyone want to help me make a scalping strategy?

~G

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Online Stock Trading

I thought I saw on the site you could purchase other members "strategies" or just use one of the "provided" ones. Any success with either? Is there a results page for each strategy?

Actually there are 4 default strategies (2 long and 2 short) and 10 on the website for purchase (5 Long and 5 Short).

They used to cost a few bucks but I guess they are free for right now .

Anyway, to answer your question there is a page that tracks your stats for strategies created or downloaded.

When i first started, I created a scalping strategy that was working well in an up market, but it didn't do so well in a down market, and was horrible in a choppy sideways market. (Speaking about a single day time frame.)

So then i created a Short Strategy for the down markets. Now i had a great Long and Short Strategy, but now when the market shifted from one to the other it didn't work so well.

So I gave up trying to find and am now using a downloaded strategy which works well ($1,560 profit in 17 business days, average daily draw of $17,655). but im still trying to create that magical strategy that spits money.

Results page is at the end of each strategy wizard.

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Thanks for the info!

SORAK,

I checked out the site and it seemed pretty vague to me. Is this an add-on service strictly for IB accounts? The was no mention of any other broker affiliation. I don't use IB, so I was just wondering if it was even worth looking into.

Thanks

When Cooltrade first came out a few years ago, it used cybertrader. But since has moved to IB because of there better trading fees and more solid software. As a Cooltrade user, I'm glad the change happened because I like 1 dollar trades verses 10 dollar trades!

I heard that Cooltrade gets requests by other brokers to connect to their accounts, but I dont have any details about that. They are very responsive if you send them email with your questions.

Shana

I started with Ameritrade, because that was what a friend taught me how to use, I still have an Apex account but I don't use it much for trading, I like the information it provides.

It may or may not be worth it to you. I used Ameritrade (before TD bought them) and traded at $10.99 a trade, now its $9.99 a trade. No monthly fees.

IB is a $1.00 a trade (up to 200 shares ect ect look on website) and 10.00 monthly fees that is waived if you have 10 trades a month.

Personally, my autotrader has done 19 trades with 1000 share lots this month already, so from strictly a broker fee standpoint I'm at 76.00 dollars with IB and would be 190.00 With IB. Combine my other trades that i limit to a dollar for 200 shares its much more beneficial for me.

Perhaps you have a better plan or brokerage. Most likely your just familiar/loyal to your current brokerage, just as i was with Ameritrade, because i asked the same question before i got started.

So fees aside, the questios is, is it worth it to you?

That depends on how you trade. An automated trader, trades while you go have fun (realistically when your at work). I'm a loan officer in So. California...... ( btw 800 789 0025 x25 if you need a home loan ) and i found Cool-Trade because i had to put in long hours and had/have no time to trade.

So i will put it like this, if you think you know how to make money in the stock market but dont have the time to do it, then Cool-Trade is for you. Or you can use one of the default strategies that have a better return than most mutual funds.

~G

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Do you have to "sign up for a year" or anything like that? I prefer to trade myself... however I don't trade over the summer but would consider a fully automated system for 3 months while on "vacation". Is there anyway to view the results for each strategy before sending in the $40/ month?

The top strategies are on the website www.cool-trade.com under strategies. They show their results, draw, ect.

If you create a new strategy then you could run it in simulated mode instead of live.

~G

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Online Stock Trading

You arent obligated to sign up for a whole year...you can try it and if you dont like it, cancel.

If you send them email... customersupport@cool-trade.com, they will answer any questions you may have quickly and probably more thoroughly than we can.

Shana

Thanks. I did talk to support on the phone recently. I was just you asking the questions I forgot to ask!
I'm out...

so for all of you that have tried CoolTrade...what you guys think? any feed back? any awesome strategies??

Shana

CoolTrade....

Ok, I've been testing it for about two weeks now. I put together a few personal strategies and let them run. Just to get a feel for the product so to speak. I am impressed in its ability, but disappointed in my personal lack of patience. Or should I say, due to what has become the instant gratification mode that we tend to have and expect, I wouldn't let the CoolTrade wait for the trades to play themselves out when they seemed wrong.

I watched the market bounce around and I just panicked and interrupted trades all over the place. I found myself micro managing the product out of its profits. Basically, cutting, running, and guaranteeing myself losses. Yet in spite of my personal fear, CoolTrade constantly brought me back to profits.

A few days ago I got a bit more serious in the setup. I put together a strategy and added a few key stocks to my watchlist. I started the software and intended to watch the happenings but had to leave for other stuff. At the end of the day it had made over $400. It followed it up with a $300 and then a $415 profit over the next two days. This on a $25,000 pool (just enough to clear the Pattern Day Trader requirement).

Friday I expected the same results to happen. And this time I had time to watch. The open on Friday (June 2nd) started upward, then the poor jobs numbers came out. I watched the market tank and move bit to the negative. And I watched the product compensate for the bad news with short positions. The day ended with a profit also. By noon, CoolTrade had even eeked out a profit. Curiosity made me remove the safety net, for the afternoon. No miscue's by the product. Profit in spite of me again, CURSES!

I have experimented rather extensively with a couple of different setups that CoolTrade provided and I was not too happy a camper. Seems that a couple of the settings are altered to provide a little more activity rather than a slower trading mode as comes in the "Conservative" profile. And it's not that the "Aggressive" setups are bad, they just have more free trading parameters than I would like. I guess it's more aggressive than I'd like.

CoolTrade is not a holy grail by any means. But it's a rather good product to set and go! The right strategy and a balanced universe of stocks to work from and it seems that you could do well. You can customize and put in your own trading parameters and establish the rules of engagement to your own liking. Then step back and watch the emotionless application of your techniques.

I have the setup on a server machine with lots of overhead in RAM (over 16gigs) and processor speed (quad 900MHZ's). During the market, the resources demand never went above 48% (on only one processor). The server was also streaming audio at the time. The version of Windows running on it is Server 2003. In the total live operation time, "No System Crashes!"

The product is constantly polling, updating, and calculating. It operated flawlessly during my testing. Well, I should say there were two lockups. They happened as I was attempting to update the watchlist. Both happened around midnight when I was tweaking a profile for test. And both were quickly cleaned up by a Task Manager shut down of the application. Personally, I attribute the lockups to a sleepy guy trying to enter invalid stock symbols. I don't know that it didn't freeze but was merely asking, "What the Hell are you...."

In the simulation mode, the product does everything that you'd do in a live trade. And the cost is very reasonable for what you get. Having been a software trainer for some years now, I can say that it is a tight product. There were no crashes of Windows due to its running. Next week I'll possibly take it from simulation mode to live.

No before we go there....I am not a part of the company (wish I was though). I am not selling or receiving ANY compensation for this review. I am not a spectacular trader sitting at my table in my underwear, sipping an adult beverage, while my kids and wife lovingly talk about all of daddy's/hubby's free time and money. There are a few nice possessions in my ownership but they have nothing to do with any use of CoolTrade. No tear jerker story of how I went from homeless to mansion in two short years. I'm just a guy who looked at the product and said I think it works.

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Being told that it can't be done is the reason that someone like you goes out a does it. So I'm now telling you, "It can't be done!"

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Quote from Sorak99:

I've been using Cool-Trade for a while now. I let Cool-Trade trade the other half. With a Conservative strategy I at least make up part of my losses.

George

---

Since that time I have developed a strategy of my own that i feel is more consistant to my way of trading. Which i am proud to say that is on the board for downloadable strategies with a monthly return of 2.91% (41% Compounded Annual Return).

I am still doing minor tweeks, I still strongly encourage the Simulation mode to make sure your strategy works.

George

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Online Stock Trading Online Stock Trading
Online Stock Trading

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Quote from Sorak99:

Since that time I have developed a strategy of my own that i feel is more consistant to my way of trading. Which i am proud to say that is on the board for downloadable strategies with a monthly return of 2.91% (41% Compounded Annual Return).

I am still doing minor tweeks, I still strongly encourage the Simulation mode to make sure your strategy works.

George

---

I cant speak for everyone but for me, i start off with blanket basic rules and see if they function how i like them too. Then i begin to isolate and tweak, a single rule at a time, because it uses a real time simulation its hard to test in up and down situations and takes a while. So I stopped running that strategy at least two months trying to tweak it.

Thats the reason for mine only running for x days, I believe everyone else is because Cool-Trade updates quickly and has new options and rules that are included everytime. A single tweak resets all stats.

Cool-Trade is a MUCH bigger beast than it was a year ago.

To run more than one account you need to buy more accounts, and another fairly fast computer.

George

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Does anyone have any current feedback on Cool-Trade?

CoolTrade

I'm happy with it. I find it easy to use. I've been playing with different strategies for automated trading using the macd lines. It is all point and click when I try out new strategies.Someone suggested I try RSI levels and Candlestick Reversals so I will add them to CoolTrade and see how it works. I would recommend the software, I link it with my TDAmeritrade account and I'm able to use their data feed for intraday indicators.

Flanco

Can any Cooltrade users comment on the incredible increase in monthly rates? When I first looked into Cooltrade, it was $40 per month and you could do a month to month contract. Now it is $4000 for a year and no refund if you don't like it, and you can't demo it before you buy!

I never got into auto trading, however would i be wrong to say that a much better approach to creating a program is to have traded a concept manually for some time, then automate it along with overseeing the trading so that your informed and understanding on what times changes must be made ? it seems like all you nerds ( and i say that kindly ) are just taking an idea and throwing it to auto,

this is not a statement, it is a question. thank you

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~~IMO~~

CoolTrade Software

Cooltrade has specials available. You should email them and they will email them to you. They referred me to Robotic Trading Systems and they offer the software for 50% off.

I have only been using the software for a short time and it paid for itself in the first week so I wouldn't consider any price for the software to be too much.

When I initially emailed them they gave me a full walkthrough and starter trading strategies that blew away all of my preconceived notions about the kind of returns one could get in the stock market.

Re: CoolTrade Software

The promotional materials that I have seen from CoolTrade (aka Robotic Trading Systems) give one the impression that it is possible to make hundreds of winning trades with few or no losing trades.

The fact is that there is no shortcut to making profits trading the markets. There are no software packages or systems that will generate profits without an EQUAL opportunity for losses.

Don't let anyone tell you otherwise, because it simply is not true. And I speak from the experience of trading professionally for over 10 years. It is a tough business that has left most people much poorer than richer.

If you are new to trading, and considering ANY software that promises shortcuts or an easy path to profits, then proceed with extreme caution. Begin on only a very small trial basis, and don't get yourself locked into anything expensive that you can't get out of.

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Keep it simple.

As explained to you many times, the strategy handed out is a LIFO strategy that trades with out stop losses and adds to positions on a 15% drop. In fact RTS has posted that the NET profit if all the positions still open where liquidated that the total NET is over 30% in under 7 months. I saw the posts you made a couple weeks ago and I believe the rep even quoted exactly what he sent you which is not what you posted. RTS explains the software to everyone in detail and does complete demonstrations before they expect anyone to spend one dime. Automated trading is used by every major brokerage, do you think Goldman does manual trades? It is a software that helps level the playing field. There are thousands of strategies that the software carries out and it is the only software that is connected to TD Ameritrade, E*Trade, Interactive Brokers, MB Trading, OptionsHouse, Options Express, TradeKing and FXCM and has been with them for years! So your saying these brokers don't know what they are doing? They have tens of thousands of users in over 40 countries.Have you even seen the software work? Be honest!

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Quote from Flanco:

As explained to you many times, the strategy handed out is a LIFO strategy that trades with out stop losses and adds to positions on a 15% drop.

---

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Keep it simple.

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Quote from lindq:

The strategy handed out in a public meeting showed ONLY gains and no losses over hundreds of trades (with the actual 'trades' themselves listed), and promoted an overall gain of 48%. That is the headline on the front page, with no mention of losing trades still running.

It was not UNTIL I RAISED THE ISSUE ON THIS WEBSITE that it was then revealed there were in fact a number of open losing positions that were not included in the promotional list....nor even mentioned at all!

Why did I need to raise the issue in order to have this important point brought to light? Does CoolTrade bring their potential customers into the office and say "Oh, you know that list of trades we gave you isn't....ah...correct? It is missing 18% of losses that are still active?"

This is so clearly misleading to potential buyers of the software that I feel it is my responsibility as an experienced trader and member of this board to bring it to light.

The FACT IS there are far more traders who lose money than who make money, no matter what broker or software platform they elect to use. And to use misleading promotional materials to say otherwise is against the spirit if not the letter of SEC and FTC regulations, and is simply dishonest.

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cool-trade

I have been using cool-trade for more than 7 years. I did it all those years ago just as an experiment and I must admit that I rarely even look at it. I have tried only a few of the stock strategies so I don't change very often. Maybe 3 times over the whole time. This thread is the first time I have heard anyone describe what I have wondered about all this time. In the entire 7 or so years, my ACCOUNT at the brokerage house has lost about 30%. I have raked up lots of short term gains but the account now just stays around the same amount for the last 2 or 3 years.
So, my question is what good am I really doing? The Closed gains are nice to see, but, if the account value never really changes or even goes down slightly....
I am not very knowledgeable about trading so I would welcome any explination..

Re: cool-trade

JDub, CoolTrade was new 7 years ago and did not have any pre-made strategies, so I don't know what strategy you are running.

However, we have all learned a lot in the last 5 years, and there have been many very consistent strategies created, that take profits consistently. Also, there have been many new features add to the software that are built into the new strategies, like Profit Protection, and take all available profits at the end of the day.

It's also possible that the strategies you are running from 7 years ago are doing things that are unfavorable for todays trading.

Clients are always discussing very good strategies on the CoolTrade Community board. You should send email to customer support so they can point you to successful strategies.

__________________
https://www.cool-trade.com
Fully Robotic Trading system

cool-trade

Thanks
I have kept up with software updates and I have been running up to date strategies - I think...
I ran the under 2 dollar for a long time and changed to the agressive long and short stratigies about a year and a half ago. Still the same results. I do not alter the strategies at all since I really don't know much about this stuff; I just run it as is. I'll be happy to change again if you or anyone could suggest a better strategy.

Re: cool-trade

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Quote from jdub59:

Thanks
I have kept up with software updates and I have been running up to date strategies - I think...
I ran the under 2 dollar for a long time and changed to the agressive long and short stratigies about a year and a half ago. Still the same results. I do not alter the strategies at all since I really don't know much about this stuff; I just run it as is. I'll be happy to change again if you or anyone could suggest a better strategy.

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https://www.cool-trade.com
Fully Robotic Trading system

Cool trader pro

I was recently introduced to cool trader by an mlm friend. It seems like there is a pretty high potential for screw ups if a day trader type tried to out guess the software. Thanks for this forum. I am getting some insight. Would you long term users still recommend it?

I hope it works

I've just signed up to it. I came to the conclusion that when I sat at the computer all day watching stock go up and down, I made a profit.
When I'm busy and go for long term investments I don't do as well, so looking at the philosophy behind cool trader of keep taking profits when they are there, I'm hoping for good things.
So far I've had to buy a PC (I'm Mac based) to run it, no doubt not being use to Windows 8 is probably the route of my installation problems.
I'm calling them tomorrow. It's a bind for me being UK based, half a day goes by each time before I can get hold of anyone.
I think if they are intent on pushing it out World wide to trade across the planet a 24 hour support will be needed.
So far I've not been able to run it even in simulation mode.
Which is disappointing as I'm so keen on getting this up and running, I really do expect it to make me a profit.
http://www.cooltraderpro.com/pws/Buster%20Bank

they offer a very typical Business plot which is very Close to be None legal.

Showing strategies with good backtesting result is easy, earning Money in real trading is much harder.

They want you to be their Clients and give the strategies for free(with good looking historic reports) . If the strategy does not work in the future they re optimize it (no Problem).

In a real legal (and registered) Money Manager program this would not be possible; but as they trade (half legal) on your behalf they think that can advertise historic theoretic results (without showing any risk disclaimer or anything).

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Mirk

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Quote from Mirkou:

they offer a very typical Business plot which is very Close to be None legal.

Showing strategies with good backtesting result is easy, earning Money in real trading is much harder.

They want you to be their Clients and give the strategies for free(with good looking historic reports) . If the strategy does not work in the future they re optimize it (no Problem).

In a real legal (and registered) Money Manager program this would not be possible; but as they trade (half legal) on your behalf they think that can advertise historic theoretic results (without showing any risk disclaimer or anything).

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__________________
https://www.cool-trade.com
Fully Robotic Trading system

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