6 out of every 7 CTAs use mechanical systems???

Among professional money managers who trade the futures markets, known as Commodity Trading Advisors or CTAs, those who trade with mechanical trading systems outnumber so-called discretionary traders by a ratio of six to one (source: SafeMoneyMetrics Stark Managed Futures Indexes). The pros use trading systems because they work.

wat

Source: http://www.breakoutfutures.com/

And then they go on to try and sell you a few systems, one of which is $5k, wtf????
 
Yes I bought minimax a few years ago but it had so many optimised parameters (about 9 if I recall) could make it show whatever results you liked. The guy who runs it I found to be a very straight forward and dare I say it honest man - which in itself is a breath of fresh air.

Reliability looks a bit better although I am not sure I could take 19 losers in a Row which the portfolio results suggest.

Can anybody stear me towards a good ES/Russell daytrading system - they seem to be few and far between - I would be happy to pay good money for a decent simple robust system - any suggestions would be much appreciated.
 
Thanks Fluttrader

Striker like to trade them for you and many of the systems they list are only available through striker. I have tried this in the past and found once your in a DD and have no idea what criteria are being used to enter or exit the trade its psychologically really difficult to not pull the plug.

Such success that I have had has come from system which are fully disclosed so at least you know why your losing money !

The trading visions ones listed on striker are - in my opinion good systems and fully disclosed.

The Joe Krutsinger systems I have seen have all been very poor indeed maybe the 5k one at Breakout futures above is better.

I have trawled through the pages of FT and pretty well exhausted the ES/TF day trdaing systems there - any other suggestions or recommendations of good disclosed systems would be much appreciated
 
Quote from PaulAB:

Thanks Fluttrader

Striker like to trade them for you and many of the systems they list are only available through striker. I have tried this in the past and found once your in a DD and have no idea what criteria are being used to enter or exit the trade its psychologically really difficult to not pull the plug.

Such success that I have had has come from system which are fully disclosed so at least you know why your losing money !

The trading visions ones listed on striker are - in my opinion good systems and fully disclosed.

The Joe Krutsinger systems I have seen have all been very poor indeed maybe the 5k one at Breakout futures above is better.

I have trawled through the pages of FT and pretty well exhausted the ES/TF day trdaing systems there - any other suggestions or recommendations of good disclosed systems would be much appreciated

here are some places that offer systems - (for monthly fee)

timertrac.com
collective2.com
strategyrunner.com (look under systems)
 
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