I am selling a limited number of my pattern trader system for TradeStation which was originally released September 2014 to consulting client . This system has made 141K since that initial release and it has been offered three times to retail traders and has remained profitable. If you want more information please click here
'Theres a sucker born every minute'. Three have been sold already according to the stock level indicator. I notice that one of the trading systems is called the 'Pattern Doji'. I feel bad for the suckers paying $800 for a Doji candlestick trading system. Note Murray has tried to hide this name from buyers, by calling it Pattern 1, but has left the real name (Pattern Doji) in by mistake in one other part of the Site. People thinking of buying should instead just google 'How to trade Doji candlesticks' and save yourself from wasting your hard earned money.
The proof is in the results since release. The system made about 28K in 2016 , after the system was sold twice in 2015. Yes pattern one is my pattern for trading doji's, but remember it's 100% mechanical, that what you are paying for a 100% objective trading method. See attached file for since release results.
You never released it on EliteTrader. So how can we check and independently verify your so called 'proof'? How do we know you didn't have 5 or 10 different systems/patterns for sale in 2014/2015 and now you picked the best 3 to show in 2017. You could have combined the 3 systems that work together the best, the other systems are quietly forgotten about. This would be a form of curve fitting/hindsight bias. And a confidence trick on your buyers.
Hello - George Pruitt here. I just wanted to validate Murray's assertion that his Pattern Trader was developed in 2014. I helped code part of it when he translated from TradersStudio to TradeStation. We weren't able to translate two of the original patterns if memory serves me correctly (incompatibilities with TradeStation). I have attached what I have on record - remember these are hypothetical walk forward/OOS results. Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
I wouldn't trade a system with a hypothetical walk forward DD of over 20K. It would be too painful. If the system is so good, why would it be on sale? Not good!
See, people can't follow rules, the first time there is a drawdown most customers would stop trading it. If I sell 100 of them at 799 each that $79,900, my bet is no more than 20 people will trade it religiously so it will have not effect on trade system in terms of slippage, so if someone offer you 80K for without risk and no effect on what you want to do , why would you not sell it , you would have to be stupid not to. Also on a basket system 20K drawdown is remarkably low. The portfolio includes a big Natural gas and Crude. You really can't trade the full basket with less than 70K, you can trade individual patterns for as little as 20-25.
So much for being the 'Einstein of Wall Street', you cant even multiply by 100. In reality no one releases a really good system to the public because if it was any good hedge funds would steal the idea. Even if you make people sign NDAs, it will still leak out. So most likely you don't even trade these systems and couldn't care less.