Discussion in 'Trading Software' started by goldenarm, Oct 25, 2008.
I saw an ad for this in Active Trader magazine. Does it sound too good to be true?
Looking at it for a minute, it seems to quantify long term trends (maybe linear regression?) and then look for candlestick signals. Nothing you couldn't do on your own.
I subscribed for a few month. Their signals are good for longer term traders. I trade swings with 60 min. charts and indicators and compared to Wizard was often a day or 2 earlier entering and exiting.
A drawback in their statistics is that they don't list the exits at a loss. So a reader only sees the super profits. I run a stat for some weeks and found that about a quarter of the positions ended bad, with a loss. Mainly because their signals came in late. Traders know that slowly developing long or short positions go bad very fast once they change direction.
But still acceptable results especially for people who don't want to bother about finding good trades, sectors and companies and who don't want to read hundreds of charts. A couple of friends of mine who use it for some time are very happy with it and make good profits. Only the past few weeks have been less profitable but still well in the green.
Happy trading, Felix
If what they show in their demo is true, they can make a fortune. Why do they still need to sell their systems?
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