Netpicks Ultimate Trading Machine

Discussion in 'Trading Software' started by java5555, Aug 13, 2006.

  1. garhi

    garhi

    the indicator is just a stochastic setting, that's it. there are a couple other unique angles, but it is very basic.

    as for the guarantee, you have 30 days to try it out and ask for $ back... not very long.
     
    #71     Apr 12, 2007
  2. No the settings for the indicator haven't changed.

    I corresponded to them several times about their posted trades violating their own rules, and cherry picking the trades they showed, not showing many of the loosing trades. They kept responding with all sorts of excuses. Then I asked for my money back, and they simply stopped returning my e-mails. Plain & simple. I don't exist now, as far as they are concerned. So I still have it if anyone wants it.
     
    #72     Apr 12, 2007
  3. Splat

    Splat

    those ph*kers must have told ebay to pull the AD... scammers....

    my sympathies to u.

    I checked out Netpicks call services long time ago and found dodgy dealings going on - they werent updating certain instruments i suspect when they started experiencing drawdown or losses. Also i noticed that even tho their performance seemed pretty good, as soon as i started the trial they started experiencing losses.... strange!

    as they say - 'if its too good to be true - it prob is'
     
    #73     Apr 12, 2007
  4. garhi

    garhi

    ya, the exact same thing happened to me as well. i also lost $ on netpicks other services as well. live and learn...
     
    #74     Apr 12, 2007
  5. Splat

    Splat

    I never use real money until I am sure... best to test and backtest everything before playing real money..... best way IMO.
     
    #75     Apr 12, 2007
  6. garhi

    garhi

    You are absolutely right about that...
     
    #76     Apr 12, 2007
  7. Splat

    Splat

  8. Splat

    Splat

    #78     Aug 22, 2007
  9. voodster

    voodster

    The way newbies blow out their accounts these Netpicks guys are selling to different "hopers" each time. Easy to do - sell a boatload and say it's the last time it will be offered, and then sell it under a different name a few months later.
     
    #79     Aug 22, 2007
  10. rognerud

    rognerud

    The UTM is a waste of money... unless you reverse trade it. (laugh)

    I purchased the UTM system back in Dec. 2006 and traded GBP futures.

    After a couple of weeks of profits the system started to lose money. I asked the NetPicks company about this, and they claim a lack of market volatility was causing some "performance problems" and to switch to a different market.

    I also back-tested the strategy in Trade Station (I am a hardcore programmer), and found that it lost money consistently. In fact, the system is so good at losing money that I built a trading system around taking the opposite signals of the original UTM system. I am not joking.

    So, the UTM system has some value - but not the way it was advertised. LOL

    There you have it; I wasted my money on UTM. I do not understand how NetPicks manages to stay in business.

    N.R.
    San Francisco, USA
     
    #80     Aug 22, 2007