trademiner software should not be used by itself

by Admin

3.5 stars. Having tested TradeMiner software for a few months I believe this software should be used in conjunction with other indicators / other systems.

The software tells you the exact entry date and exit date to enter and exit positions. It would be very tempting for novice traders to just follow these market timed dates but this could lead to problems.

One major problem could be a false sense of security from prior success rates. Prior success rates which are shown include rather large drawdowns. These large drawdowns could catch the novice trader by surprise. If the novice trader is just going to follow the software's buy and sell signals I believe large failure will soon follow. (Success rates up to 100% are shown which can include ten or more years).

I like the concept adopted by TradeMiner in trying to find these market cycles but I think that the software can be further developed to the next level by better refining the RISK factor when making searches and search results.

Overall not a bad effort from the developers of TradeMiner but do look forward to further improvements as explained above.

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