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Blue Wave Trading


Country United States
State Hawaii
City Maui
Phone 808-281-8391
Website http://www.bluewavetrading.com/

Blue Wave Trading Reviews

Most Useful Comment
  • Aug 18, 2017

Do not believe his videos on youtube.com they are cherry picked on 1 day out of 30. There is a reason Randy Sarrow does not lease his software by the month, he knows once you try it you will not want it. He says,"the sofware works right out of the box" Well it only works to drain your account. His videos show so much profit but when I owned it I only showed loss and lot's of it. He claims that I didn't have the right settings which there are so many. The truth it does not matter how you set it. It is nothing more then a moving average software,it will work like this at best yes it only gets worse trust me. He charges $4,000 and will not give you a refund even if you have had it only a week. In the attached video,the red and green charts are a free moving average software from Ninja Trader, the buy and sells are nearly exactly the same from Randy's junk software. His auto trader will not let you take yourself out of a trade once it is has initiated a trade. Also, if you lool closely on the chart on the right you will see the times and prces are not the same. The chart was the same type and timeframe,just differernt software.

Mark as Useful [2 votes]
  • Jan 4, 2016

Blue Wave Trading: Randy Sorrow. Be careful. Youtube Videos are NOT transparent and likely dishonest at best--or at least deceptive. Should always be a warning and I fell for this. Deception, fancy testomonials, and sales tactics are not what you need when picking an auto-trader. That shoudl have been my first clue, the testomonials. Second, should have known better to watch every youtube video to know that after purchasing and learning more about Ninjatrader, that he isn't showing everything (which is suprisingly states he thinks he is doing us all a great service and verfiying his trades). The problem is that the charts constantly change--and the Ninjatrader strategy control center is often not shown, or 'selectively' shown. Service is horrible and no follow-up. You could lose alot of your money using his auto-traders. Be Careful. You will not likely duplicate, or be able to reproduce what he is showing on his Youtube Videos. He is deceptive at best. I agree completly with another review--nailed it completly on the review, I agree not likely a Scam, but darn near it.

My major reason for writing this review and the bitterness and resentment I have is, (and potentially a major Ripoff for the average consumer) are his deceptive Youtube videos. Hindsight and knowing how much his youtube videos have changed irritate me everytime I watch them. Never, ever: have I ever been contacted by BWT with new chart settings, follow-up--something informally promised. "we share all this with you". I was under the impression you could log into his website and view settings/paramaters/education and get exactly what BWT suggests, or has worked on. For all the money you spend--I thought I would receive the benefits of all BWT trading experience and research to try what they trade themselves, etc. He cherry picks the best days and attempts to lure customers to him with his Youtube Videos. The chart settings and parameters he shows constantly change. I should have known better. Anyone could run auto-trading templates on multiple Ninjatrader platforms and deceptively portray them. He will show some days with huge gains--and interestingly, his daily updates are missing charts/settings from prior days, weeks back. They are sales videos. The deception is that Randy makes is sound like you will have a trading program to follow. He does provide initial templates and 'coaching'-useless after a few weeks and months. This is where you can start losing bigtime with no support. He has moved on to something else and will not share all the updates--how could he? Impossible. You will soon observe that his Youtube charts, parameters change. The same trading strategies are not showing continously. He is 'always' working on something new. He never shares these with you as a member of BWT--as he somewhat claims. "everything is shared"--no, they are not sharing anything. If you ask, poor response times, and a lack of follow-up. Almost as though you are annoying him and bothering. "I share it all in the Youtube Daily Updates". As a member: his updates are worthless.

Stay away from his alert services. I signed up for alert services as well and no response at all for like 4-5 days after Blue Wave Trading took money from paypal. This was returned through a dispute with Paypal--but, seriously, after receipt no contact or anything related. I asked for a performance report and it took like 2-3 days to get some sort of historical trades and something resembling a perfomance report to at least make an educated decision on this.

I have used 4-5 different autotrading programs. I think his indicators and auto-trader could be used effectively--but be forwarned--Randy will not be around to help you long-term to find a trading strategy that will be effective. There will be significant days with major losing and drawdowns if you aren't careful. He only responds with concerns that you should set your profit loss as being lower. However, long-term, he will not share or demonstrate that using the autotrader with his settings produces any sort of longitudinal profit.

I was under the understanding that Randy and BWT would be trading the autotrader routinely. That there is log-in area for members where you can view updates and suggested trading settings. None of this is available. You will be left to your own to figure this out. I will tell you, there are a few auto-traders that do provide settings, better transparency.

Mark as Useful [1 vote]
  • Jul 25, 2016

Randy Sarrow - has lied to MicroTrends and told us he had hired a new developer to rewrite the software and so therefreo didnt need our version of software powering the joint technology from MicroTrends and indicators which Blue Wave Trading has found in forums and re packaged as his own.

The agreements were made in writing in emails and in verable contracs.

MicroTrends trusted Randy and placed the software we used from our product line whitelabelled and coded to pwoere the merger of the software - to producse the latest veriosn of software for BWT.

BWT should be paying a fixed fee for our components - less than 15% of the total sale under agreement

Randy wrote several emails saying hed paid enough - yet the software sale was a % share he never owned it

We responded a few times with harsher words to enforce the wold keep to the agreement - i missed an email from Randy asking to split and permission to go on without MicroTrends he sghould have sent this to his dedicated account manager as i really trade and really develop for a living i dont deal with customers directly unles needed.

So disgruntled Randy pulled the joint license control away from MicroTrends - Fed lies to NinjaTrader and he hired a developer who then used the software from the Source Code vault in 2014 and in April 2015 released a newly compiled a version taking out our controls and changing a few tiny details - then he sold this instead of the agreed software and hit microtrends with 9 charegbacks .

Randy is an extremely aggresive and clever manipulateive fraudster who cons traders into believing he trades when in actual fact he blew up and handed the money back..r Randy couldnt trade futures and blew up to sell software - he found in forums - and very basic software for NinjaTrader which he knowingly admitted selling to which didnt work reliably and was not viable - ie it doesnt make money as he claims - he came to microtrends for us to rescue his overfills - so we added our osftware to it to allow all the features - and for a web link saying we wrote it and we get a small % of the sales - as would be sales support and marketing we launched - so feaetures are now in that syste such as:

Developed in NinjaTrader Professional Mode for unrivaled features, reliability and execution speed

The BWT Precision Autotrader code base is professionally written with advanced coding techniques and has many of hours of live market trading and testing. Trade with real funds in confidence and know that great attention and care has gone into avoiding and resolving overfills, entry and exit order errors and other potentially dangerous automated trade scenarios – including an advanced trade workflow safety engine that avoids trade related errors. Beware of any strategy that is not written in Ninja Trade’s unmanaged mode or by programmers who have never traded live. Unfortunately, this would be all or most competing autotraders in the NinjaTrade Ecosystem…Know that BWT Trading Software is written in a professional institutional grade code base, designed by a real trader and tested in live trading.

  • Aug 26, 2016

MicroTrends Clarification to post

We did post that on another website for reporting rips or scams - but not here - and so we were contacted by those affected and asked to write a small word to clarify the public notice - as in the end BWT and MT did put down swords and move onwards. For a token settlement of some licenses we settled for the removal and denial of our brand and role and our tech and not to pursue royalties...as long as the developer who has our code doesn't use it outside of the scope of the BWT projects - or release the open source...

We have agreed to remove all traces of BWT from our websites and testimonials to prevent people finding our software contained in the MicroTrends MTDS products and using that for free for sim - instead of buying the BWT software. So BWT has asked MicroTrends to remove all traces of the fact there tech was created on our software based on the MTDS free for sim underneath which powers it all currently as of 2013 to 2016 in terms of strategy engine + also- excepting now the indicators such as the ATR Volatility Precision Trend - this has the nice blue and red bars synonymous with BWT's brand- which shows the trend -which is a nice feature of the Bluewave version of that indicator.... So that now replaces a lightweight version I used for BWT of a more sophisticated unique proprietary indicator MTDS USAR which is an advanced evolution of the original type of public ATR Volatility algo's and very effective for more than just one signal it has many - so it’s different...

So the point is folks - we are not in competition, we are not educators or software vendors primarily - developer traders more so we charge for consultancy... so please note our software is very different and you won’t get our secrets or info on trading it.. .you have to use it and find that out... you will love it or hate it - it’s a large tool set powering many ways of trading - our tech is a foundation with many uses - therefore it's much much more sophisticated and therefore much more adaptable but much more complex compared to the user friendly design of the Bluewave trader - our native product has 100s of parameters and features and additional modes so it’s not at all the same thing -we can trade in numerous different approaches embracing all those before and more beside its open source so you can alter it to fit your approach if need be. So to clarify the only place you can get the Blue Wave Trading AutoTrader is from Bluewave - it’s not the same as the MicroTrends MTDS evolution but has many similarities yes - ours is suited for highly techy types of developer/traders only :-) however yes you can just download it compile it and add it and see what happens... free.. good luck

We do know that many traders have a problem with paid for trials and the like - but we also know there are many people who relicensed the BWT (MT) NinjaTrader 7 technology and love it so they must surely find some use for it :-)

So perhaps - my advice is trust no one.. don’t pay for anything - get a free trial if you don’t like paid for trials or risking finding out the product doesn’t work for you in the way you thought it might. Be prepared to dig in for some hard work and testing and then decide if it’s for you.. if it can work for you... but then who am I?

just a trader and developer having lots of fun :-)

best to all

Tom

MicroTrends

http://www.microtrends.co

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