90% Profitable Setup

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Quote from Spectra:

Nik,

At the time of backtest 90% was the rate both eSignal and TradeStation were giving back.



CajunSniper / Puretick.com Administrator-Trader
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Show the screenshot of the 90% backtested hit rate at 1:1 or better. No need to post the methodology.

ET is open to the scammer with the highest bid.
 
for pete's sake. the methodology is not that complicated

all of you people who disbelieve the 90% thang, how frigging hard is it for YOU to backtest it

the rules are SIMPLE

and it is not at all unbelievable that it has 90% winners, GIVEN a 40 pt stop and 10 pts first target
 
Quote from whitster:


and it is not at all unbelievable that it has 90% winners, GIVEN a 40 pt stop and 10 pts first target
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OK, apparently English is not your first language. What part of "1:1" did you not comprehend? The first integer, or the second?
 
Quote from whitster:

for pete's sake. the methodology is not that complicated

all of you people who disbelieve the 90% thang, how frigging hard is it for YOU to backtest it

the rules are SIMPLE

and it is not at all unbelievable that it has 90% winners, GIVEN a 40 pt stop and 10 pts first target
More...

I would have thought it was obvious, with your vast legal-knowledge, that the burden of proof besets the one making the claims.
 
Quote from atticus:

I would have thought it was obvious, with your vast legal-knowledge, that the burden of proof besets the one making the claims.
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LOL, now that is true thread synchronicity.

JJ
 
Last weekend I was bored and took a look at Puretick's video about this so much talked about MaxSpan.

What did I see? Nothing more than simple ORB with 40pt stop and 10pt initial target.

What did I think about that? I don't see any problem at all around this system. Assuming a risk of 4 units per reward of 1 of course it would have a 80% target hit rate even without ANY edge at all!

So don't see anything criminal in stating that it's real performance is around 85% (according to Spectra's last post). I think it's quite possible considering that market has some inertion which would probably provide a small edge.

The other question though is would I use such a system myself? Probably not, cause it's profitability per contract is negligible comparing to "usual" methods that hit targets around 50% of the time but target is at least twice the risk or not limited at all.

So shortly what was I going to say is that I don't think this MaxSpan is absolute scam and snake oil, but it is also definately not any close to Holy Grails; I think it's performance should be far behind many well known to the public usual methods...

My 2 cents about the second most popular method on ET these days after Jack Hershey's channels. :)

Happy trading!

Janis
 
I can assure you we at PureTick are genuine true blue (as well as proper business men). Proof? We'll you'll just have to see for yourself.

One of the reasons Alex Bear and I started this business was because of all the snake oil type sites we had been members of. We took all the things we disliked about those services and used that knowledge of what not to do when building ours. Is it perfect? No, but we're doing much better then I expected. Turning totally psycho traders profitable in just a few months. It's all I can hope for.

And if any of you guys know Bearishtrader (our co-admin) hes the most benevolent, honest, upstanding person I've ever met in my life. He would not be associated with anything questionable.


CajunSniper / Puretick.com Administrator-Trader
 
Quote from Spectra:


The reason Alex and I started this business was because of all the snake oil sites we'd been members of. We took all the things we disliked about those services and wrapped them up in to ours.
CajunSniper
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Is that what you meant to write?
 
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