Do you like the frenetic action of the ES? Does trading with a 15 point stop give you goosebumps? How about holding an overnite position with NO STOPS to get your blood pumping?
Well, you can have that and more by subscribing to this $175/month call service and all the time know absolutely nothing of how or why it operates!
I was drawn to this from a Google ad and recently took a free 7 day trial. It took place during the slow holiday period and I only observed it for a few days but that wouldn't have made much of an impact on my decision to continue regardless it the calls were good (they weren't) or bad (they were). What sealed the deal for me was the total lack of getting any additional additional information from the owners to complete my customary due diligence analysis of any mechanical system I consider--and this one wasn't going to be an exception especially given the short life of the system and it's trading parameters of (1) 15 point stop in this market; (2) no stop if position is held overnight; and (3) always in the market unless stopped out.
So, I sent the owners a list of questions about the system that was not provided on the ulta-slick, promotional website. My questions were numerical and analytical in nature. I wasn't asking them to send me the code or divulge secrets. I needed to calculate key ratios--Sharpe, K, APD, etc--that are customary for these types of systems, especially one which wasn't even one year old.
I thought my request was very reasonable, as any system developer worth his salt would surely crunch the numbers to get these figures themselves. My correspondence back and forth with Rob Mitchell was unproductive as he resisted producing the detailed statisitcs I required to figure out these key ratios. (Shit, even C2 calculates these on all their systems as a free service to subscribers.) Although I remanied professional, my frustration level grew and I realized he wasn't going to come up with the numbers.
I guess Rob's attitude is it's better to have a room full of newbies who are dazzled with steep equity curves, not professionals who look behind the published stats for a forensice view of performance.
After getting the runaround, I finally got the the heart of the matter and asked this:
"I need time series data at some level of frequency, e.g., daily. It should show the daily market value of the equity devoted to the system, and the positions. Such data are necessary to compute the standard deviation of the value of the account. I also need this to compute the regression lines involved in the computation of the K ratio.
I have no doubt that you, as a systems developer, have this information as I'm also certain that many of your sophisticated money management clients would also make this part of their customary due diligence before buying into any mechanical system. It's simply standard operating procedure as you well know."
This is Rob's reply:
"It is not standard procedure. I do not use such measures."
And so the vendor beat goes on. I urge anyone who considers subscribing to this system conduct a thorough due diligence effort before buying it and, if you happen to get that information, please PM me.
Well, you can have that and more by subscribing to this $175/month call service and all the time know absolutely nothing of how or why it operates!
I was drawn to this from a Google ad and recently took a free 7 day trial. It took place during the slow holiday period and I only observed it for a few days but that wouldn't have made much of an impact on my decision to continue regardless it the calls were good (they weren't) or bad (they were). What sealed the deal for me was the total lack of getting any additional additional information from the owners to complete my customary due diligence analysis of any mechanical system I consider--and this one wasn't going to be an exception especially given the short life of the system and it's trading parameters of (1) 15 point stop in this market; (2) no stop if position is held overnight; and (3) always in the market unless stopped out.
So, I sent the owners a list of questions about the system that was not provided on the ulta-slick, promotional website. My questions were numerical and analytical in nature. I wasn't asking them to send me the code or divulge secrets. I needed to calculate key ratios--Sharpe, K, APD, etc--that are customary for these types of systems, especially one which wasn't even one year old.
I thought my request was very reasonable, as any system developer worth his salt would surely crunch the numbers to get these figures themselves. My correspondence back and forth with Rob Mitchell was unproductive as he resisted producing the detailed statisitcs I required to figure out these key ratios. (Shit, even C2 calculates these on all their systems as a free service to subscribers.) Although I remanied professional, my frustration level grew and I realized he wasn't going to come up with the numbers.
I guess Rob's attitude is it's better to have a room full of newbies who are dazzled with steep equity curves, not professionals who look behind the published stats for a forensice view of performance.
After getting the runaround, I finally got the the heart of the matter and asked this:
"I need time series data at some level of frequency, e.g., daily. It should show the daily market value of the equity devoted to the system, and the positions. Such data are necessary to compute the standard deviation of the value of the account. I also need this to compute the regression lines involved in the computation of the K ratio.
I have no doubt that you, as a systems developer, have this information as I'm also certain that many of your sophisticated money management clients would also make this part of their customary due diligence before buying into any mechanical system. It's simply standard operating procedure as you well know."
This is Rob's reply:
"It is not standard procedure. I do not use such measures."
And so the vendor beat goes on. I urge anyone who considers subscribing to this system conduct a thorough due diligence effort before buying it and, if you happen to get that information, please PM me.