theotrade.com

AI cog is just Channel Trading

I have over 20 years experience trading and I know that over 90% of all trades are executed using machines so I had some interest in the AI Cog service, which Theo trade promotes as a way to clearly identify when the algos are in control(sounds absolutely amazing right?). This service basically Promotes that they can identify when the algos/machines are in control of a stock, but their results are mediocre at best and not worth their fee. Some of what was promoted was totally misleading, the so-called scanner is nothing more than a list of 30+ stocks. It is nothing that allows you to automate a scan of a wide universe of stocks(very misleading). Regarding their technique of identifying the stocks, they basically look for stocks that are in a channel and going up or down, and they say the algos are in control. They do use the traditional indicators as confirmation however it’s just basic technical analysis and they have a very average success rate. Basically they have been trying to short stocks at breakout levels(or supply zones) hoping they get rejected like IBM, KO, JEF and they were very wrong on all these however they were correct on RBLX(all initiated in mid August 2024, take a look for yourself). Basically if you plot a short term linear regression channel (20day) on your charts you can see these algo channels they talk about, if that is what they are. I keep thinking they will get better and haven’t cancelled my service yet but I will be in September unless they go on a 8 for 10 win streak. This is a bit of an algo scam, lol. Seriously, if you understand supply and demand trading you will do way better and even if you don’t understand technical analysis and are looking for a stock picking service, this service is a waste of your time. The one positive comment I will make is they do stress risk management which is key to trading. There is the possibility that the guy leading it is just a bad trader, but these trade suggestions are obviously just his visual interpretation of what he “says” the algos are doing and has nothing to with how the machines trade. He talks with a super high level of confidence but this is just a show. This system is solely based on trading within the linear regression channel and anticipating the reversals but they aren’t that successful at it. If it was a good AI trading system their success rate would be 70%+ and trust me for the month of August it was no where near that. Gianni’s trade service looks interesting because he is more of a sector trader but just be aware that many of the other guys at Theotrade are perma bears and always talk how the market is over valued and going to crater. Not sure that has served them very well this year. I usually have 4-5 trades open at all times just to give you an idea of what type of trader I am. Theo trade may have other good services, but this is not one of them. Good luck on your trading journey.

Date of experience: Aug 30, 2024