Anyone familiar with this algo?

Discussion in 'Automated Trading' started by schizo, Feb 3, 2023.

  1. schizo

    schizo

    And as I'm watching it more closely, there's something that's really fishy.

    When it enters long (or short), it automatically throws in OCO orders like in the following pic. Here, the ENTRY is $11207.50 with the STOP at 11194.25 and the TARGET at 11211.75. However, it haphazardly flips from long to short when the trade is not working out. What then is the need for placing a stop in the first place? Consider the following pictures. The link to the video in question is at the bottom.

    1) Trade initiated.

    upload_2023-2-5_20-43-4.png

    But once the price moves down, it reverses the trade BEFORE the stop is hit. In another word, it flipped from long to short. If so, why was there a need for placing a stop in the first place.

    2) Price trading below the entry.

    upload_2023-2-5_20-48-9.png

    3) It suddenly flips from long to short before reaching the stop. And it even doubles down on the number of contracts.

    upload_2023-2-5_20-49-52.png


    You can follow this trade here:

     
    Last edited: Feb 5, 2023
    #21     Feb 5, 2023
  2. ZTrader888

    ZTrader888

    About TruTrade, read this thread - scroll to page 7 at the bottom and read forward. It's a scam. No free trial, no stats, no logic to the trades, they can't give you a price for the bot until they "interview" you. It's a scalper that the "clowns" on YouTube turn on and off AFTER they know what the market has done. They got caught. Now they changed their charts so that you only see when the trade was executed. The guy who runs it is the head scammer. Most of the "clowns" have disappeared except for clown Guillermo who's still posting only winning days. If people are that stupid to buy it, then they deserve what they get. The linked thread gives the approximate setup as to how the bot works. They have other bells and whistles added now like time options, stop and reverse, and other crap.
    Link: https://futures.io/trading-reviews-vendors/55533-trutrade-io-has-anyone-else-have-experience.html
     
    #22     Feb 7, 2023