B
Black Swan
You system hunters/holy grail hunters really have no idea what you're looking for. Like drunks you stagger from bar to bar looking for the next cheap hit as you sink deeper and deeper. What you fail to realise is that every Eureka, curved fit system, will work..for a while..heh, every dog will have it's day, given the randomness of the market it's a nailed on certainty.
Systems come and go and this black dog with fleas is no different to the TEC system vilified by new naive grail hunting traders in as much as the black dog guys failed, tinkered, failed tinkered, failed tinkered..It is a indicator based mechanical strat. with no discretion which ( like all) is subject to huge drawdowns at which point most new traders will puke, bail and blame the author demanding their money back..
Your chance of having a 30%+ drawdown is still probably circa 50/50 with this system, as it is with most out of the box systems. That'll kill the newbies confidence stone dead. It has experienced a 50% drawdown in the past..Now those 2 issues, added to the fact that one of the systems within the black doo doo (oh yes, as per usual with snake oil you can choose 3 or 4 trading methods with it now) means it is in fact no better than a 50/50 crap shoot with bells on it. This crap shoot reality is re-inforced by the fact that one of the suggested choices is 1:1 RR, risk 20 pips to gain 20 pips principally on a ridiculously adjusted MACD entry off a 15 min time-frame, do you really need a 'system' for that? Dress it up how you like but that is simply a coin toss and there's nothing wrong with that if your MM and psyche is up for it..
The MACD was invented by Gerald Appel in the 1970's. Thomas Aspray adds the histogram to the MACD in 1986 in order to anticipate MACD crossovers, and here you have the black dog guys who tinker with the standard settings to give you their proprietary technique, it'd be like buying a brand new Mercedes and taking it to kwit fit for a different exhaust system on the first day.
You may as well have HA alone on your chart and have a look and a good think as at where you think price will go next as use these $99 a month systems...or "$49 if you sign up for 6 months now, yes siree..!!"
Systems come and go and this black dog with fleas is no different to the TEC system vilified by new naive grail hunting traders in as much as the black dog guys failed, tinkered, failed tinkered, failed tinkered..It is a indicator based mechanical strat. with no discretion which ( like all) is subject to huge drawdowns at which point most new traders will puke, bail and blame the author demanding their money back..
Your chance of having a 30%+ drawdown is still probably circa 50/50 with this system, as it is with most out of the box systems. That'll kill the newbies confidence stone dead. It has experienced a 50% drawdown in the past..Now those 2 issues, added to the fact that one of the systems within the black doo doo (oh yes, as per usual with snake oil you can choose 3 or 4 trading methods with it now) means it is in fact no better than a 50/50 crap shoot with bells on it. This crap shoot reality is re-inforced by the fact that one of the suggested choices is 1:1 RR, risk 20 pips to gain 20 pips principally on a ridiculously adjusted MACD entry off a 15 min time-frame, do you really need a 'system' for that? Dress it up how you like but that is simply a coin toss and there's nothing wrong with that if your MM and psyche is up for it..
The MACD was invented by Gerald Appel in the 1970's. Thomas Aspray adds the histogram to the MACD in 1986 in order to anticipate MACD crossovers, and here you have the black dog guys who tinker with the standard settings to give you their proprietary technique, it'd be like buying a brand new Mercedes and taking it to kwit fit for a different exhaust system on the first day.
You may as well have HA alone on your chart and have a look and a good think as at where you think price will go next as use these $99 a month systems...or "$49 if you sign up for 6 months now, yes siree..!!"
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