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Disclaimer: The STT team was gracious enough to provide me 30 days free of the Backside indicator through their pilot program in order to review it.
What most impressed me about the indicator was not the indicator itself but STT’s customer service. Absolutely exceptional! Extremely responsive through DMs and, the STT team is actually proactive in setting one up and providing the most up-to-date literature without having to reach out.
The indicator itself is very hit or miss in my opinion. It seems to struggle with stocks that have high IO and over $10. In my experience, this indicator produces a 1.07 Profit Ratio with a less than 2% average gain per trade with a HOD stop which is the indicators fail parameter. SSR tickers have a lower win rate but one can filter these out in the indicator’s settings.
Like anything in trading, there is no Holy Grail indicator and Backside is more helpful when combined with an overall strategy. This is something the STT team underscores. I found the indicator helps identifying volume profiles of stocks trading backside, price action and possible risk to reward ratios.
I believe it would be hard to base one’s trading strategy solely on STT’s Backside indicator but it is another tool that can be helpful when converging with a profitable solid strategy.
Kim Foong C.
should show the stop loss level if the backside trigger
A G.
Nice work on your indicators. April has been a bit slow in small cap land but it did indeed give a few very decent trades. Like any indicator, treat it as a supplement to your trading and risk in place.
George H.
Useful tool to add conviction to existing short selling strategies. Scripts to trade team always helpful on live chat feature to explain nuances of the indicator.
naveen b.
It's fukcing awesome, I have been testing with the software before I can trust it and use it with conviction. So far my testing shows it would give you a 70% win rate.
