Being highly educated isn't the same as being smart. Having a high IQ isn't the same as being smart. I've met straight-A students and high IQ Mensa types that, if you didn't know about their grades or their IQ you'd swear they were idiots. I've also met high school drop-outs with an encyclopedic knowledge of history and incredibly incisive minds. There is no correlation between Western culture's measure of capability (i.e. intelligence, grades) and prospects for success.
But even that Simmons guy was just a crook. He was great buds with Madoff, and encouraged people to invest with him. Also, his funds with other peoples money didn't do so well, but mysteriously the in house fund rocked. Sounds to me like he was using others money for pump and dumps.
I will show you a fully automated and profitable program that YOU can use . . . IF You put a $1,000 finder's fee in escrow (i.e. Guru.com has an escrow system). You will get: . fully automated trades (as in completely hands free) . proof that the system has been profitable in the past . proof that your original post is absolutely incorrect I will get: . $1,000 that I can use to pay some programmers for various projects I'm doing. Disclaimer: Of course, you'll need $30,000 or more to invest because of Rule 431 & and the industry generally requires it, but I'm guessing you already realized that. I will extend that offer to anyone on this forum.
What exactly is funny about this offer? I specified the use of escrow because I realize people would doubt. If I am not able to show absolute proof of a fully automated system that has been proven to be profitable and that you can use, I get $0. Obviously, This offer extends to those who really want the information, not those that do not know and would rather laugh off the idea that it exists. It's for those like the OP who doubt the existence of the system, but that would pay money to be able to use one if it existed. Frankly, if you're serious about investing with an automated system, you could use the info even if you have your own system already. Serious investors try to find more profitable systems to use and there is a good chance that I'll be able to show you better performance than what you have now. I guess you laughed because you don't know how escrow works and that's also why you sarcastically wrote that you'd paypal me money?
I don't understand why you say this is spam. The OP clearly requested the information and others on this forum should be interested also. I'm guessing you wrote that it is "spam" because you don't know what spam is? Please review the thread and you can see that my post is clearly on topic. Moreover, this is a forum about automated trading. Why ever would you want my information hidden?
As I mentioned before, I have some projects that need some coding, so at this point I'll take code or cash in exchange for the information. I'm sure we've all bumped into people that pose the same question as the original poster. This industry is filled with doubt. Here's "how it go": If an idea works in a spreadsheet, people will doubt it will work with back testing. If the idea works with lots of back testing, people doubt it will work with forward testing. If the idea works with forward testing people doubt it will work with real money. If it works with money, people doubt it will work over the long term. Even if it works long term, people are inclined to think of Bernie Madoff! The original poster simply posted the cliche' question that automated trading system developers hear all the time. Well, the truth is that there is a successful system out there, it has been profitable in the past, and it is available to serious investors. I'm not willing to help "the perpetual doubters" or people that simply troll forums like this one. However, for people who are interested enough to join this forum and are serious enough to take some risk, I'd like to share what I know and possibly collaborate. The bottom line is that I'm willing to trade information for information (code) or of course, the resources (cash) to buy code.
I heard that guys from IITs are even smarter than MIT. http://www.cbsnews.com/stories/2003/06/19/60minutes/main559476.shtml http://video.google.com/videoplay?docid=-6694143975371488739 The attached chart is with with PF of 2.55 and if would have taken a 10K account to 50K+ in less than a year if lot size is set to 4 ES After spending 1+ year worth of screen trading, now I feel that it was real stupid for someone like me to do manual trading. If you know programming - go for ATS. If you don't - go and learn programming first... Cheers,