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Old Mar 20th, 2012, 11:39 AM   #1
v75z52
 
 
Join Date: Mar 2012
Posts: 10
I have looked at Trading System lab but they do not provide a demo. Some serious hype on the website but this is what a user of this program recently said:

"TSL doesn't work. Tried it personally. Was not able to develop a single working strategy."

A user of Adaptrade claims that "Strategies quickly fade"

Another user of Adaptrade claims that "strategy does not perform (equity curve goes down) with new data beyond the out of sample period."

Now it may be the case that these individuals failed to use the programs properly. What do you think?
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Old Mar 20th, 2012, 01:06 PM   #2
Occam
 
 
Join Date: Apr 2009
Posts: 533
I think that no economically rational agent would ever sell purely automated trading software that really works. So anything that's sold as such is all but guaranteed to fail, unless you're adding some serious value yourself (e.g., by extending the code or doing something discretionary in addition to the signal given by the software).
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Old Mar 20th, 2012, 01:24 PM   #3
Humpy
 
 
Join Date: Apr 2005
Location: UK
Posts: 2,616
If anyone is so useless that they need hand holding then I can suggest collective 2 and zulu are worth considering.
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Old Mar 20th, 2012, 01:51 PM   #4
Craig66
 
 
Join Date: Sep 2006
Location: Auckland, NZ
Posts: 452
Quote:
Quote from Occam:
I think that no economically rational agent would ever sell purely automated trading software that really works.
The one and only correct answer to this question.
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Old Mar 21st, 2012, 10:57 AM   #5
goodgoing
 
 
Join Date: Jun 2009
Posts: 383
Quote:
Quote from v75z52:

Now it may be the case that these individuals failed to use the programs properly. What do you think?
You have to understand that no software will make you rich unless you put in substantial time and effort. Most of these programs facilitate trading system development but users must have experience and willing to work hard. I use Price Action Lab but only as a tool to analyze price series for patterns. I do not expect it or any other program to offer me a final solution. That is not rational thinking and as Occam said no rational person would ever sell such program even if it existed.
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Old Mar 21st, 2012, 12:40 PM   #6
jcl
 
 
Join Date: Jan 2012
Location: http://dictionary.of-the-infinite.com
Posts: 407
Quote:
Quote from v75z52:

I have looked at Trading System lab but they do not provide a demo. Some serious hype on the website but this is what a user of this program recently said:
Some machine designed strategies might work, others don't - this just depends on the algorithms and their implementation. As long as you don't know them, the only real way to find out is listening to people who are using that software. Comments by others who don't know that software might be well meant, but are useless for a purchase decision.

The fact that Trading System lab don't provide a demo, and their price policy might give a hint, though.
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