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BTNLightning anyone test it??

Discussion in 'Has anyone heard of?' started by Mobber444, Sep 14, 2012.

  1. Mobber444

    Mobber444 Recruit

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    Good day fellow traders!

    I have been using the free software of beat the news for some time, but haven't really gotten into it as I do not like news trading mainly because of the ridiculous spread during news events and the major slippage. The same company sent me an email about 2 weeks ago advertising their new software BTNLightning. It is automated software that promised but doesn't guarantee about 30% profit per month. The software is free the only catch is you have to pay them 50% of the profit for their effort. The setup of the whole system is quite easy they do everything for you. I haven't tried it yet but one my buddies did and he says that after a week he hasn't even had one winning trade, he doesn't run it on vps, don't know if that would even make a big difference. It seems like it's a scalpter alot like million dollar pips.

    Has anyone had any experience with them and how did the trading go?
     
  2. Pharaoh

    Pharaoh Colonel

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    For any of those new spike packages, you need a broker that will fill you without too much slippage or spread widening. The broker also has to permit news trading, or else your profitable trades could be cancelled later.
     
  3. Mobber444

    Mobber444 Recruit

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    Can you name a few brokers like that? I used Million Dollar Pips for a couple of months with VPS, I am at IBFX AU and it almost never made a positive trade. Guess the broker is not suitable for these kind of packages. Spoke to my friend using it this weekend and he is also at IBFX AU and he says his trades differs a lot from their myfxbook statements.
     
  4. cyberryder

    cyberryder Recruit

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    @Mobber: just google and you'll find
     
  5. Pharaoh

    Pharaoh Colonel

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    Just google and you'll find brokers that "claim" to give good trades for news.

    Personally, I gave up spike trading awhile back. You need to find a reliable ECN broker that won't screw you on spread or commissions. That's a tall order to fill. Most traders who do use spike software don't like to share the name of the broker they use. The reason is that too many traders making the same trades on that broker will lead to partial fills, no fills, requotes, wider spreads, and possibly deliberate manipulation.
     

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