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1/27/2011
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Subject: Good Verses Exceptional Systems
1/27/2011
Cool edit new feature on forum, Matthew. ...
Subject: Good Verses Exceptional Systems
1/26/2011
Don't be "fooled by Ms Naviete" I wonder why Fred Pearce...
Subject: Good Verses Exceptional Systems
12/22/2010
Honestly the more you complain about commissions added in the more...
Subject: I disagree with adding commissions after the fact
12/10/2010
"Signals have been proven to trade high profits and contained DD,...
Subject: NQ Timer: set to deliver
12/02/2010
They always say people in glass houses should not throw stones...
Subject: STATS NOT ALTOGETHER CORRECT
11/21/2010
Obviously your answer makes it hard to subscribe right now. But...
Subject: Black Fiday deal for my system
11/21/2010
Long term what do u expect annual return to be and...
Subject: Black Fiday deal for my system
10/21/2010
Ms I wrote the "tale" not Rene. One point I'll give...
Subject: A Cautionary Tale by Myth Buster
10/14/2010
"Why do you keep on pushing thing to the limits ."...
Subject: MAGIC TRADE
System Notebook
NQ Timer
| Trades | Futures |
| Cumu P/L | $24,727 |
| Compound Ann Return | 15.0% |
| # Trades | 21 |
| Sharpe Ratio | 0.67 |
| Subscribe for: $50 each month | |
Average Rating:
Same vendor scorecard: QQQ Timing Investors (2 systems) = Gilbert Arevalo (17 systems) = Kingdom Captial (3 systems)
MAGIC TRADE
| Trades | Forex |
| Cumu P/L | $9,360 |
| Compound Ann Return | 51.1% |
| # Trades | 131 |
| Sharpe Ratio | 1.12 |
| Subscribe for: $280 each month | |
Others writing about MAGIC TRADE:
Lisa Randall
Linda Davenport
sam york
tomas prismo
Black Box
Smith y
Lisa Randall
Linda Davenport
sam york
tomas prismo
Black Box
Smith y
PROFIT FACTOR
| Trades | Forex |
| Cumu P/L | ($3,832) |
| Compound Ann Return | -25.6% |
| # Trades | 9 |
| Sharpe Ratio | -1.88 |
| Subscribe for: $60 per week - only if profitable | |
swiss & german AB 10
| Trades | Futures |
| Cumu P/L | ($3,047) |
| Compound Ann Return | -7.7% |
| # Trades | 588 |
| Sharpe Ratio | -0.25 |
| Subscribe for: 14-day free trial, then $295 each month | |
Average Rating:
Be sure to look at the costs of this system after fees and commissions. It is an eye opener. And don't forget to look at all the other systems of this vendor.
One crash - maybe it was bad luck.
Two crashes - maybe it is a warning sign...
One crash - maybe it was bad luck.
Two crashes - maybe it is a warning sign...
daily income
| Trades | Futures |
| Cumu P/L | ($267,360) |
| Compound Ann Return | 0.0% |
| # Trades | 5,617 |
| Sharpe Ratio | -0.54 |
| Subscribe for: 10-day free trial, then $250 each month | |
Others writing about daily income:
Steve Bartrick
Lisa Randall
James Nelson
Matthew Klein
East Coast Technology
Michael Bytnar
Above Average
Lawrence Morawietz
Steve Bartrick
Lisa Randall
James Nelson
Matthew Klein
East Coast Technology
Michael Bytnar
Above Average
Lawrence Morawietz
Average Rating:
Someone asked me why I bash a great looking system like "Daily Income." Here is my basis...
IT IS ALL ABOUT COSTS. Here's why:
To include the impact of fees, I ran the personalization chart from November 5, 2009 to present. That is 6,421 trades. I assume a Gen 3 broker, charging $5 commission per contract round trip plus $1.99 Gen 3 fee round trip. So, total $6.99 per contract RT cost - $3.49 per side. I also included subscription costs.
Results:
No fees: $68,000 profit from 11/5 to present - equity increased from about $20K to $88K
With fees: $40,000 loss from 11/5 to present - equity decreased from about $20K to -$20K
So, the difference when you account for fees is GIGANTIC with this system.
IT IS ALL ABOUT COSTS. Here's why:
To include the impact of fees, I ran the personalization chart from November 5, 2009 to present. That is 6,421 trades. I assume a Gen 3 broker, charging $5 commission per contract round trip plus $1.99 Gen 3 fee round trip. So, total $6.99 per contract RT cost - $3.49 per side. I also included subscription costs.
Results:
No fees: $68,000 profit from 11/5 to present - equity increased from about $20K to $88K
With fees: $40,000 loss from 11/5 to present - equity decreased from about $20K to -$20K
So, the difference when you account for fees is GIGANTIC with this system.
ES-ES
| Trades | Forex |
| Cumu P/L | ($2,385) |
| Compound Ann Return | -50.2% |
| # Trades | 2,164 |
| Sharpe Ratio | -0.13 |
| Subscribe for: $60 each month | |
Average Rating:
I realize this is after the fact analysis, and in hindsight it is easy to see why this system and all its subscribers perished. But here goes...
In late May this system was at a new equity height. All looked well. BUT, if you looked at individual trades, you'd notice that the developer would put on on initial trade, and if it became profitable he kept it and liquidated later at a profit. If the trade turned into a loser, he kept adding to the position. DANGER SIGN!
If you see this in other systems, ask the developer what his rules are for adding to existing trades. If you can get solid rules, ones that the developer has never violated, you can design around this "adding to losers" concept. It might actually be OK to do, within limits.
BUT most developers panic when things go bad - and violate their rules - if they even have them. Then adding to losers becomes a disastorous concept. And you'll pay the price.
In late May this system was at a new equity height. All looked well. BUT, if you looked at individual trades, you'd notice that the developer would put on on initial trade, and if it became profitable he kept it and liquidated later at a profit. If the trade turned into a loser, he kept adding to the position. DANGER SIGN!
If you see this in other systems, ask the developer what his rules are for adding to existing trades. If you can get solid rules, ones that the developer has never violated, you can design around this "adding to losers" concept. It might actually be OK to do, within limits.
BUT most developers panic when things go bad - and violate their rules - if they even have them. Then adding to losers becomes a disastorous concept. And you'll pay the price.
FOREX YX SIGNAL
| Trades | Forex |
| Cumu P/L | ($84,562) |
| Compound Ann Return | 0.0% |
| # Trades | 86 |
| Sharpe Ratio | -0.28 |
| Subscribe for: $29 per profitable trade | |
Average Rating:
I love it when the developer has friends or aliases tell us how great his system is. Like the rest of us are complete buffoons.
Applying lipstick to a pig never helps.
56% max drawdown.
I predict this will be under 50K before Oct 31, 2010.
Applying lipstick to a pig never helps.
56% max drawdown.
I predict this will be under 50K before Oct 31, 2010.
TRADESIGNAL
| Trades | Mostly Forex; (some futures) |
| Cumu P/L | ($381,764) |
| Compound Ann Return | 0.0% |
| # Trades | 197 |
| Sharpe Ratio | -0.28 |
| Subscribe for: $300 each month | |
Average Rating:
10 margin calls in less than 2 months. Is that the sign of a professional vendor - one who is looking out for your money?
When asked about drawdown, developer said this to another member:
"My friend Joseph D, sometimes we are looking at the tree and miss the forest. So you preoccupy yourself with things meaningless and you do not look at the excellent profits of the system. The important is not how you make the profits, but how many profits you make. Okay?"
We all know where this system is headed...I predict under 100K sometime between now and Oct 31, 2010.
When asked about drawdown, developer said this to another member:
"My friend Joseph D, sometimes we are looking at the tree and miss the forest. So you preoccupy yourself with things meaningless and you do not look at the excellent profits of the system. The important is not how you make the profits, but how many profits you make. Okay?"
We all know where this system is headed...I predict under 100K sometime between now and Oct 31, 2010.
