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I recently found this Vendor in the NinjaTrader Ecosystem. His company is DTB Traders. I found the company in a previous thread and I wanted to share what may help others.
I took advantage of his free indicator. But more importantly (having had such awful experiences with so many Vendor indicators) I enjoyed watching a YouTube video he put out to help traders identify scams when they are considering a Vendor.
It is called; "NinjaTrader 8 Automated Strategies - What the Scammers HOPE you do not notice" He takes about 25 minutes and goes through the NT8 strategy analyzer to show what many Vendors do to make their indicator look wonderful. It is only 7 months old, but may help others.
I don't love the video because it feels more like a marketing pitch for their strategy. The thing he mentions to look out for which is cherry picking historical times when the strategy runs well, is pretty much exactly what he shows he's doing with his own strategy.
I feel like the video isn't totally honest either because he's demonstrating a sample MA strategy over the course of 1 month, and it takes 8,000 trades. I doubt most people do that many, but if you do, you're probably very aware of how much commission that costs.
Also if you're running an automated strategy, you want it running on a Chicago VPS, and the bid-ask diff for 3 slippage seems high.
I dont know much about the Vendor, but I thought the video was good for an overall warning.
If anyone knows anything about the Vendor from experience, please do share with me. I am trying the free software he is giving away, but after a week I am still lost.
I checked out his DTB Bars in the early days, when he was just getting started. That is all that he was selling at the time, so I can't comment on the other stuff on his site. Those DTB bars gave you decent profits IF you knew how to trade them back to the mean line (and if you caught those moves), but then you'd get massive losses, here and there, which made me run.
There was a group which exchanged bar settings/ideas, within his membership. I was never able to get setting to work which might act as an average constant, without huge losses . Even back then he was pushing the subscription model, heavily.
