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Report: #1318580

Complaint Review: Blue Wave Trading - Internet

  • Submitted:
  • Updated:
  • Reported By: MicroTrends — Surfers Paradise Alabama Australia
  • Blue Wave Trading Internet USA

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

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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

Operation Modes

      • 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

ENTRY Modules

      • 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

EASY CONFIGURATION

      • 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 systems@bluewavetrading.com  - 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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REBUTTALS & REPLIES:
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#2 Author of original report

To clarify the difference between MTDS and BWT Strategies

AUTHOR: - ()

POSTED: Saturday, December 31, 2016

We are being asked a lot if we can give the BWT software or provide an alternative to BWT software. No, we can't you can go direct to BWT for that software. And no, we don’t give you the source for less money.

MicroTrends offers NinjaTrader Indicators & Free NinjaTrader Strategies 

Yes, we provided about 66% of the Strategy technology engine, indicators, user interface real-time controls - perhaps keeping 33% of the original strategy -- to keep the look and feel...  Yes, it’s based on the MTDS and the precision trend alga is a subset of the MTDS USAR - which is an evolved ATR Trailing Stop technology.  But no, we don’t have the same thing on the shelf and won’t make a clone for you either sorry folks. no need we have more advanced systems for free anyway.

So, let’s be clear, MTDS which is the technology that powers the BWT precision Auto Trader 7 - only uses a subset of it... the whole of MTDS since then grew a lot and evolved and is far more sophisticated and generic and more complex in nature as it is an algorithmic strategy development kit - which can be used to write strategies. whereas BWT precision Trend trader is an ATR Volatility Trailing  Stop auto Trader with 1 line break entry mode - so its compiled has one set of features focused on trading that system - That is not what we sell, we sell generic tool sets with a large array of features and algorithmic trading systems, Yes you can get a very similar style of strategy if you like ATR trailing stop traders and strategies -  you can just use our MTDS7 strategy samples MTDS SDK USAR -  which is an open source strategy - that is more advanced than the old tech we used back in 2013 to  for 2016 for BWT.

I must be honest the BWT precision AT in all our years of testing it and that type of Algo, was never something that could be viable for auto trading day trading – which is why I never used it for live trading for my or other fund trading obligations it was the tool for the job –yes if you use the MTDS real-time interface to guide it – then it can be very effective in the right hands.  it cannot work as an EOD swing/position trading system – which is more effective way to trade an ATR Trailing Stop system… the only system in NinjaTrader Ecosystem that can do it is also created and available for commercial traders from MicroTrends.   The BWT AT is a powerful toolset as it uses the MicroTrends proprietary tools – yes, the source code was stolen by BWT later to negate the need to pay us our share to cut out our license – but at least kept private to their new developer and of Crouse our toolset has evolved far past that stage we used on that old system.  So, the only vendors with such advanced technology is BWT And MicroTrends – but as you can image as the developers and designers – our technology has moved forwards so the MTDS is very powerful and unrivalled by anyone in the NT7 community.

You can get it free here: MicroTrends Double Shot Strategy Foundation (MTDS7) – Free for NT Demo & Sim Trading – For Traders & Developers

I am asked should I buy from BWT?

BWT has their way of doing business and sells their stuff and we have no comment on that. You make your decision based on your homework and try not to pay for the learning is the only recommendation we can make.

Ultimately...you must be very careful with 99.99% of vendors. Alarm bells should ring, do they use the software to trade? why do their videos all show fantastic days or a series of videos of different charts and settings and instruments...?  it’s a marketing ploy - signup - sign away your rights to a refund -read the dazzling bullshit reviews in the forums from shill accounts and testimonials - give over your money and blow your account up and lose your refund rights?   if you bought a Strategy with a no refund rule - what if you don’t like it and decide you don’t like it and ask for a refund, sorry mister it's too late no refund, you sign away your rights for a refund when you buy it. What if maybe it has many fantastic winning days on YouTube on the sim. For some that might be a little suspicious if you don’t get to see the end of week real-time stats in the NinjaTrader control centre.   Does the owner live trade with it raven live trade or are they a has been who had some success 20 years ago - but none now - are they yet another software peddler? -Beware of Stats....example do they show swing trading stats ... well careful as that NT7 technology is only a day trading overnight system Sunday to Friday - So any stats that don’t close out Friday and re-enter Sunday are not relevant or possible.  So really the best idea is try it out and see if you like it but be prepared to get no refund if you don’t like it for any reason etc.

Do not believe anybody - get the software for free trial, back test, sim trade and use it and work out if you can use it viably if not... move on... your use experience to decide what to buy - or risk losing your money buying it. Don’t believe us, try the technology and see for yourself... you take the time, weeks, months to do that. for free.!

When someone tells you something and make a claim or false advert - and you lose money - the one thing you could do of course is report any losses from any trading advice or settings to the CFTC to get a refund. Therefore, NinjaTrader has removed all partner content from the internet as they were heading for a CFTC bust up by promoting non-compliant unethical vendors.

At MicroTrends we believe life should be easier for all, you can make money ethically, and we also trade too with the same software that we create. In terms of sales then we operate a different way - we provide the strategies free for sim so you are the one to work out with no sales videos showing all fantastic winning days - on sim ... no lies falls claims or sales techniques to take advantage of people’s desires, hopes, dreams to aspire to easy money trading.  With our systems, you use and for free, if you find you like the strategies you can elect to buy a license should you want to live trade.  

So, you can download your free NinjaTrader strategies from here and get started risk free obligation free

We do have commercial pro systems - we show these in private -away from the view of the amateurs and crooks in the NinjaTrader ECO System and we pre-qualify your experience and capital - and yes you get access to the systems in real time for several weeks before leasing...  you can contact us for details of that you need 100K to ideally 500KUSD upwards. 

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#1 Author of original report

Bluewave and MicroTrends has liaised over a series of miscommunications and both are now amicably resolved

AUTHOR: - ()

POSTED: Sunday, July 24, 2016

Bluewave and MicroTrends has liaised over a series of miscommunications and both are now amicably resolved

The software was residing on a shared source control server - 

Blue Wave has provided payment for the usage of this software without the requirement to pay royalties to MicroTrends for the propreitray components.  The public can enjpoy the software which is in a league of its own and Blue Wave has permission to use this internally as it sees fit and their dvelioper can utilise this software on the BWT product line but not use it externally for other projects, nor can they distribute or sell the software.

All matters are now resolved and complete - ignore all other comments and disregard anything contrary to this.

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