Day Trading & Forex Forum

3 of 3 members found the following review helpful:

Expensive Garbage
1/10
2year user. Fails everywhere....Terrible Monte Carlo Simulation Results. Mediocre Sharpe Ratio. It did break even after 2years of use but expensive, expensive garbage. Using the simple MACD might get you similar results. Buyer Beware.

53 of 55 members found the following review helpful:

Too much $$$
6/10
I took the monthly trial. Now iIf you are a discretionary position or swing trader who finds your own setups than this software is not for you. Stick with your method. However, I can see how this software will help those new to trading or traders who day trade (30min and below). The indicators are helpful in keeping you on the right side of the market and helps you avoid choppy periods. Also, there is a 100% mechanical option for those who want to trade that way. Backtest reports are available and trade signals can be optimized to help you chose only the best trade candidates. Drawdowns tend to be high as in most mechanical systems. What strikes me as funny is that ablesys started as a purely mechnical package but now it seems they have migrated more and more towards discretionary trading tactics, where you, the trader, decides best when to enter a trade. The exits are then handled fully by the system. They now call this the "Hybrid Trading Method" and state that most traders use this method vs. the mechanical approach. And that's my point. Why would you pay nearly $2K for trade signals that require you to decide when best to enter? You can to that for free.