Complaint Review: Blue Wave Trading - Internet
Blue Wave Trading Blue Wave Trading AutoTrader has recompiled and stolen the software powering the blue wave precision autotrader from MicroTrend to avoid paying the license fee for NinjaTrader strategy indicators powering the NinjaTrader 7 algorithmic trading software - breaking NDA, copyright and agreement of sale and usage. 29 Mahae St, Makawao, Hawaii 96768
*Author of original report: To clarify the difference between MTDS and BWT Strategies
*Author of original report: Bluewave and MicroTrends has liaised over a series of miscommunications and both are now amicably resolved
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.
BWT PRECISION AUTOTRADER Algorithmic Trading for NinjaTrader FEATURES
Professional Programming - THE MTDS TRADE ENGINE CODE WITH 4 BRACKETs
- Professional NinjaTrader Unmanaged mode
- Complex events processing Trade Workflow -
- Fault tolerance – proper handling of order rejections, connection loss and error monitoring]
- THIS IS PROPREITARY TO MICROTRENDS... LICENSED
- Manual Order Placement – with automatic trade management
- Automatic Signal to Order Execution + automatic trade management
- Realtime Combination of Manual & Automatic entry + automatic trade management
- Realtime interaction and control of automatic trade management
- THIS IS PROPREITARY TO MICROTRENDS... LICENSED
- BWT Precision Trend Algorithm - supplied by MicroTrends to repalce the one he used from forums and from Vervoot
- BWT Line Break Algorithm - found on a forum by Randy - however in the new software he located an ATR Breakout indicator on a forum and charges his cleitns 1495 for it calling the BWT Precision Trend
TRADE MANAGEMENT: Keep Profits and minimize losses
- BWT Trade Manager – Allows 1 button click to tighten stops, drag stops, enter at a specific price - THIS IS REALLY THE MTDS NINJABUDDY WHITELABEL
- NinjaBuddy – realtime manual interaction with automated trades to reduce risk, tighten stops, or exit positions - THIS IS PROPRITARY TO MICOROTRENDS... LICENSED
Randy - is a cunning fraudster and by his own admission doesnt trade - and would not trade with this system - since we added our technology to it people loved it - and Randy has made aournd 300K in revenues to our 30K for our share - but then he chargedback the last 6 months.
i allowed this as i believed follishly Randy had not lied to me and had re written it all 0 but when i saw it i can see it is our sfotware still and he simply sued the source code and recom[piled and redsitrubuted it - i did take down the source code when he attacked me 1 year ago - but he had it - after that he wanted the updates we had - the MTDS USAR was an indicator whitelabelled at the Precision trend - he wanted all out rchagnes so he could simply release the latest software and take out our license control for our part fo the software which he used to pay -
Randy entered into an MNDA and voluntary agreement at his suggestion to pay a fee of 15% and eventuall a fixed fee for perpeptuity but at a negotiable rate... in other words - we had started many projects for Randy including signals, BWT FIB BGRID and licensing software and different autotraders so the % of fee would cover the credit costs of development - sometimes we asked when there was no time or budget left for a payment - to get teh ball rolling - randy beleived this was because we were desperate rathter than trying to limit exposure on his creit line after he had been ill and left rehabilitation in 2014 - in 2015 he got his healthe back but in 2016 he lost his memory and decided we had cheated him...
Then he wanted assitance for tacx evasion - he posed a real creidt risk - so i refused a credit line for a new verion of the Ninjatrader 7 version for the NinjaTrader 8 verison and told his account manage to offer him 10 license payments and 10 future licen payments 10K - for a compiled library of our components after which it would be used by his develpoer as he wanted with all teh lastest srouce code if any new open srouce for the BWT legacy/refacto4red code based we had provided in 2014.
I felt sorry and at fault as he had writen to me about needing us to falsify invoices for the sum of 200K USD as he had a tax advoidance case coming where he had not paid any US TAX on his monies he had received by ceredit card account linked to his paypal account firstname.lastname@example.org - he had threatened to put a gun in his mouth... but all along as he said he more wiser than me- cunning and unethical he means to rip off my proprietary software and sell it withioyt license - hit use with chargebacks - casue trouble for us with our reputation with NinjaTrader and otehr verndors and to expose our trade secrets protected by NDA to another developer and now advertise our software compoenents without credit and copyright removed and falsigy videos and claims on this website it is his product and software when it was a jont venture turned sour by his fear and Greed...
You are guilty Randy Sarrow and you are a liar without remorse - you are a filed trader and a crook.
I even saidf it was ok if you developed teh software again it looked like our Hallmark designs - however you lied and you are in default or our agreements, in default of the NDA, copyright.
Our terms are clear - it so your knowing intention to remove the IP copyright from the software and not to give credit
you are selling our software now without paying royaties
you are knowinkgly do this without permission
You have been warned 3 times - which you said was blackmail
now we take ownership of the product and we use the product as we see fit in its entirity
This report was posted on Ripoff Report on 07/24/2016 01:58 AM and is a permanent record located here: https://www.ripoffreport.com/reports/blue-wave-trading/internet/blue-wave-trading-blue-wave-trading-autotrader-has-recompiled-and-stolen-the-software-pow-1318580. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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