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Quote from Murray Ruggiero:

I was actually waiting for this question and almost answered it in the previous post. First the markets a big and many people who purchase a system simply can't follow every signal. I could sell even 100 to 200 or more copies of any system and not have it effect my trading. Since these systems sell for $500.00 to $2000.00 a copy we are talking about a lot of money. I love doing research , I have 2 programmers working for me normally beside the TradersStudio programming staff. Selling systems and tools , helps me offset this cost without having to worry about trading.

Question , If someone told you they would give you that kind of money for something you already do without any risk to you , would you say no ?.
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I was actually waiting for your reply. Isn't it wonderful? You just don't get a lot of money from all that selling, right?

So therefore just hand your system/s to applicants, free. You won't miss the $500 to $2000 per copy (researchers or no researchers working for you) being as you are so successful, & you would be satisfying your altruistic intention towards all those who you claim would benefit.
 
Quote from Champion:

I was actually waiting for your reply. Isn't it wonderful? You just don't get a lot of money from all that selling, right?

So therefore just hand it to applicants, free. You won't miss the $500 to $2000 per copy (researchers or no researchers working for you) being as you are so successful, & you would be satisfying your altruistic intention towards all those who you claim would benefit.
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I guess you don't understand anything about trading, all systems have drawdown even great ones. Selling tools/systems stablizes that cashflow. In addition why should I give my work away for free, even if I don't need the money , the money is a way of limiting how many people trade my systems. Giving away the systems is a stupid statement.
 
Quote from Murray Ruggiero:

I guess you don't understand anything about trading, all systems have drawdown even great ones. Selling tools/systems stablizes that cashflow.
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Thank you. You have just shown, beyond doubt, you don't know enough about trading at all. As it happens it was not really my intention to do that to you.
 
Quote from Murray Ruggiero:

I guess you don't understand anything about trading, all systems have drawdown even great ones. Selling tools/systems stablizes that cashflow. In addition why should I give my work away for free, even if I don't need the money , the money is a way of limiting how many people trade my systems. Giving away the systems is a stupid statement.
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What you say is correct. If someone has a system that actually works, selling access is another way to diversify your earnings.

Personally, I have never bought nor trusted a canned system.

The concept of just trading it and getting ultrawealthy is a naive way to look at it. All leveraged trading carries huge risks.
 
Murray ,

Do not feel shy about admitting who you are on your site, instead of pretending to be selling a Turtle system written by Ruggiero.

Before I go any futher you should fix your crummy web site to work better.

Next don't pretend to not know what I was asking when I asked you for the following:
The expectancy of the systems that you are hawking.
The trading metrics.
The R distribution.
In the event you are ignorant of the meaning of the above terminology, then people should not be conned into buying your system ( case of blind leading the blind ).

Nobody wants to know the innerworkings of your blackbox system but we do want you to prove it is a profitable system before we hand over any money to any more snake oil salesmen.
 
Quote from byculla:

Murray ,

Do not feel shy about admitting who you are on your site, instead of pretending to be selling a Turtle system written by Ruggiero.

Before I go any futher you should fix your crummy web site to work better.

Next don't pretend to not know what I was asking when I asked you for the following:
The expectancy of the systems that you are hawking.
The trading metrics.
The R distribution.
In the event you are ignorant of the meaning of the above terminology, then people should not be conned into buying your system ( case of blind leading the blind ).

Nobody wants to know the innerworkings of your blackbox system but we do want you to prove it is a profitable system before we hand over any money to any more snake oil salesmen.
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First my handle on ET is Murray Ruggiero so your comment about me being shy about admitting who I am is very funny.
In terms of TradersStudio and selling my systems, TradersStudio has a group of people working for it. It's not just me. We have a support staff as well as 4 full time programmers in addition to having me designing and managing the development of the product. I have a marketing deal with TradersStudio for selling my tools and systems.

In terms of the Turtle system ,I say it's not the "Turtle system per say"; I call it SuperTurtle, which is mine. SuperTurtle is very robust relative to other channel breakout systems because the channel lengths are set based on the current dominant cycle. This methodology has a long history; I invented it in 1995 and published it in Futures Magazine. Future Truth has even show that this original system is still profitable, 12 years later!


First, I did not see anyone in this thread ask me about R distribution. No I did not run it, I have my own tests of robustness based on the optimization parameter space. In addition you can also run analysis removing the 3X sigma trades both winning and losing trades and the run the analysis on the remaining results.

In the case of SuperTurtle since it was a composite of my adaptive breakout, profitable after 12 years and the Turtle system still working after 20 years I did not think I needed to run this extra analysis. I guess based on results so far I was correct since the system is so highly ranked since release.

My question is how do you prove your system will make money in the Future. The best bet I know is to base your system on a strong premise and run the statisical system I have developed during my 17 years in this industry.
 
Quote from empee:

man I give you props Murray you take a lot of b.s. but I guess its part of the territory.

Cheers.
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Thank you for your support.
 
Quote from byculla:

Do not feel shy about admitting who you are on your site, instead of pretending
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With 3 posts, you are hardly in a position to be calling others "pretending."

And asking hard questions is not the same as insulting him. M.R. has a decent reputation as compared to "snake oil salesman." He has been quite open in this and other threads.
 
Quote from rcanfiel:

With 3 posts, you are hardly in a position to be calling others "pretending."

And asking hard questions is not the same as insulting him. M.R. has a decent reputation as compared to "snake oil salesman." He has been quite open in this and other threads.
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I remember when you began posting on Elite Trader. You had promise in the beginning but that was a year ago. Try to allow others to share their opinions and seek a balance in their postings without your continuous agitation.
Thank you.
 
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