You got it wrong Mr Utsav.
My comment above is as a satisfied customer of Tradetron.
And I am a user of caclub since 2007. Almost 15 years. So calling my feedback as a salesman job is not apt.
You shared ur experience, let me share mine.
As human emotions play a paramount role in trading, i was looking for some platform for mechanised trading. Got access to a few websites, but liked TT than others. I tried to create own algo first, but you know it is difficult to gain expertise to do that.
There are so many creators on TT and i have selected strategies created by many of them. Used papertrading, and deployed a few strategies. Believe me, my experience is very very good. And i know almost all, who are on similar algos, having same feedback. People like me are daily 9 to 6 job doers, and platforms like TT are a boon for us. I have not paid a penny to any algo creator, whose algos resulted in loss, as we pay only if we make profits. So question of looting a customer doesnt come here.
I understand what your concerns are. But the facts you have shared against algo trading is away from reality when we compare our ledgers.
Sebi has done a remarkable job by increasing margins, so at least we are now safe from blue moon movements. I compare an algo as use of a indicator, which gives me power to enter without delay, hedge, trail SL and exit as and when i want. And it can always be hedged as well.
I humbly request you to target those experts, who are making money by charging whopping five to six figure training fee. Or those, who are rigging prices of a scriptt before a news come in media.
Kindly spare this algo trading option available to retailers, which has enabled retailer like us to earn something in stock market, I request you.
CAclubindia
