Anyone familiar with this algo?

It's made by TruTrade.io somewhere in Arizona. Never heard of 'em before. But it's a scalping algo, quite similar to the strategy shown by Michael Chin (in the 2nd video), which itself turned out to be pilfered from actually somebody else.

 

Part of TruTrade.io, its one of several bots that gush profits but have no track record or performance data (Grade F); they don't offer trials or monthly subscriptions; no information on their website about anything anywhere; no info on the CEO, some say "a total scam- avoid this like the plague". I'd stay away when starting at $9500.00. "This company is a scam".

Instead maybe this: https://boldanalysisllc.com/; BOLD bot
or
this:https://www.targetstradingpro.com/; TTP BOTs (I run every day and have a real time forward walk track record to the penny)

 

Good Morning schizo,

I will keep it short and simple, because I love making things simple.

As it relates to buying a trading service or trading algo from someone the following quotes help me sleep very well at night and keep money in my pocket.

"No back test, no rest"
"No trading algo strategy proof, be prepared to spoof"

It takes all but 1 minute for someone to show a historical back test in NinjaTrader Strategy Analyzer proving they have some worthy to sell or talk about to a customer.

Now a good trick, scam, or lie that algo sellers tell the customers is, you have to know is:

1. Back testing is a lie. It can be curve fitted.
2. The back testing software is broke, I do not trust it
3. I run my algos in market replay and that is how I test.
4. I run my algos in SIM, its more real.
5. NT8 back testing software blah blah blah is crap.
6. and on and on and on and on.

All 6 are scams and lies to take customer hard earn money. They will say anything on earth to not Click that Back test button for multiple years of historical data to prove what they selling actually has a quantified edge. All they want is your money.

Here is an example of NT8 Strategy Analyzer equity curve I googled so you know.

 

Good Morning mason macgregorson,

Thanks for showing. However, they charge $1000 per month to the customer to trade their algos. However, they show no historical back test on their website for their algos they are selling to the customer.

All I see is 1 month of back test with 24 trades. zero slippage, zero commission.

Why they not back test the past 1 year , or 5 years, or 10 years, etc.?
Where is the real time trading performance documentation or screenshots from NT8 platform?

https://boldanalysisllc.com/bold-bot/

 

need to ask for data (but back tested with all caveats above): this is 1 yr ES:so $15,885 on 447 trades given $35/contract,


NQ better: ~$82/1 contract

 

Hello mason macgregorson,

Thank you so much for showing.

Question:

1. Does the strategy use minute data?

Thanks

 

Hello mason macgregorson,

Thanks for showing.

If using minute bars, please perform a back test from 2006 to current date and post for me to see. The same for tick bars.

Please use commission and 1 tick slippage if entering trades with Market/Stop Orders.

If looks good, I will consider buying the algo.

Thanks,

 

Question:

1. Does the strategy use minute data

hmmmm... do not know. And yes $1K/mo is steep and it is a swing bot, not a day trading bot per se.

 

their data, not mine.

 

Hello mason macgregorson,

Can you use NT8 Strategy Analyzer with back testing their algo?

Thanks,