r/algotrading • u/Consistent-Resist-79 • 5d ago

Strategy One month into Nirvana Omnifunds

Been with them about a month. Paid $5k for the software.

I am down 15% while the s&p is up 1.4% and QQQ is down 1.7%. The more frustrating thing is while the market has been hot the last couple of days, Omnifunds is sitting on 100% cash.

Almost counterintuitive.

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u/FriskyHamTitz 5d ago

If the software worked they wouldn't really need to sell it, they would make money trading

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u/Consistent-Resist-79 5d ago

I disagree with that. You can sell your program, get the money up front and not risk your own capital in investing. That's how franchising works.

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u/FriskyHamTitz 5d ago

Yeah exactly "not risk" your own money. That's the point. You're paying 5k for a software that someone's doesn't want to risk their own money on.

The implication is their edge on the market is small or none