Anybody using Trendcatch to trade S&P ?

Discussion in 'Trading Software' started by eministrader, Oct 26, 2007.

  1. I'm in the last days of a trial and I haven't figured out how to use the signals to produce consistent profits.

    The site makes no claims about performance--which is refreshing--and also clearly states that if you take a signal and hold it until the next, opposing signal, you will lose. On the other hand, they display the MFE which is a bit sleazy since its not achievable in real world.

    I think it may have some merit in a trending volitile mkt. In the chop, like all chop, it won't help.

    I've had a bit of luck taking the entries on the non-scalp strategies with 3 point stops and 1-2 profit targets, but that's not very attractive to me.

    If you read all the material, they advocate trailing stops for most of their entry strategies to take advantage of the long runs.

    They also claim to have 1000 users, so you'd think there would be some reporting from users other than testimonials which aren't very helpful, but I have yet to find any.
     
    #21     Feb 22, 2009