Algorithmictrading Reviews

Be Okay with Huge Drawdowns

I signed up in August I had 3 weeks of solid losses one winner and my account went down by 26 when I shut down trading Communication with the company was difficult My rep had left and no one returned calls I asked for a refund and after some back and forth I did recieve it Their website says no refunds but they will do a 90 day refund

2024 Smart Pivot losses

Before investing in AlgorithmicTradingLLC I tried to do a lot of research digging and finding reviews etcetera Most of them were pretty positive and people spoke highly of the owner Richard However there were a few reviews warning that they had lost a lot of money in that it was just a scam Unfortunately I did not heed those reviews After losing 40 in 2024 I have finally stopped trading the smart pivot algorithm Around June I started calling and emailing about once a month because the account was having 5 plus losses per month The first few months the owner said the algo was within back testing limits then for a few months he said he was making small tweaks and he was confident it would turn around Somewhere around September I called the 800 number on the website which was disconnected He gave me a new 800 number which a month later was disconnected He did reply to my most recent December email and in earnest was empathic to the performance I switched from his Geronimo algo in 2023 when it was underperforming and started the new smart pivot which was going to be better And now his partner has a new algo called alpha which is going to be better This seems to be a reoccurring theme and I m guessing that perhaps the algorithms work for a short time and then fail so he starts up a new one so he can sell more licenses This pretty much seems like a scam to me like his swindling people out of their money with false pretenses of his abilities The owner comes across as a genuinely good person trying to make the best algo s to help clients make money and he absolutely denies there is a different plan Either he is not good at writing these algos and is selling licenses to a product that is not going to work or worse he wrote the algo and is aware of how the algo is trading and is trading in the opposite direction taking the money from the people that he sold licenses to which again he unequivocally denies There are other companies out there with better algorithms although I have not found one that performs really well during these up markets

Just not worth the investment in time emotion and

My experience has been much like others have described in steady losses except that Richard DID sell me the Alpha algo and said he couldn t discount the 20K price because his partner had written it and most of the money would go to him I asked for a refund since my losses increased dramatically after changing to it but my emails were never answered

BEWARE and RUN

BEWARE and RUN I have been a client for over a year Like others I had a good month or two However that turned south with a full year of flat or negative performance The result was a 60 drawdown Like the other reviews Richard Metzger claimed that the strategies would come back Never did and I finally decided after a year to cut my losses Including the extremely 10K buy-in my losses exceed a 70 drawdown on my initial investments Like many clients I have met later request for support and performance information have gone unanswered Don t let the claimed performance or the claims of new and better algos fool you Like me you might feel it is worth the risk It is not If Richard has made any improvements he has not shared those with his existing clients That act leads to two conclusions clients don t matter once he gets his buy-in Or the improvements are based on backtest data only In otherwords any of us can backtest strategies that work up to today It is the ability to trade well in the future that matters So without a history of live performance they are actually unproven garbage And he has zero live positive performance for 2025 The other reviews have more details for you After abandoning his current clients Richard moved operations recently to his new site TradingSystems org When I was researching algorithmictrading net I read a review on some review site that said algorithmictrading net was just a rebrand of some other site that Richard abandoned when publicity got bad Foolishly I ignored it because I could not verify the Allegations or find the site Don t make the same mistake I made Whatever the claims the chance for the reward is not worth the risk with systems developed by Richard Team

Started trading about three months ago

Started trading about three months ago I could not be more pleased There are losing trades for sure but the winners hit and make up for the losses super quick This is not a get rich quick thing but I am glad i stuck with it I started with 50k and my account has around 62k as of now So about 20 in three months Not too shabby

5 Star

Immediate response to questions Very acceptable trading results

I m truly grateful for finding

I m truly grateful for finding Algorithmic Trading and recommend to anyone who wants to give it a try One months into it and could not be more pleased The returns have been excceptional Hopfully the returns continue

Was waiting to do a review until I had

Was waiting to do a review until I had used it for some time As of now my experience has been very positive The algorithms have a very high win rate and tend to be more accurate than not So far they have performed as advertised

Up 43 since I started

I ve been with algorithmictrading net for just about five months and I am up 43 The market has been up in this time and there has been some fluctuation but it s been just as explained when I signed up In the beginning I did see things go down but even the initial losses were as described There can be ups and downs but they even out in the long run I m excited to see the long term performance