Sorry to hear that. Can you elaborate on what happened? Was it credit-crunch volatility? Inaccurate fills? Was the system just curve-fit nonsense that happened to work well for a year in their walk-forward?
Done mean to pick over the bones of your misfortune but its always a good learning experience for other people thinking of buying trading systems from vendors.
This was an automated trading system trading two of the three offered platforms over a 10-month period, Shark and Simplicity. Daily signals are generated the night before and entries and exits are automatically filled. However, if the fill or exit is traded only once for one contract the system counts that as a successful fill, even though the other 99.9% never got a fill or exit. Thus the profits reported are not representative of real life and greatly over exaggerated.
So no, it was not credit-crunch volatility as this occurred over 10 months and I stopped trading about 4 months ago. Each time I contacted my broker about the downtrend he said to stay the course that it was only a draw down.
Inaccurate fills? The actual fills and exits were frequently different than the references used to generate their profit statements on the web site, significantly over stating the profits. As I lost money over this period of time the web site was reporting significant gains in both trading platforms I was using.
Was the system just curve-fit nonsense that happened to work well for a year in their walk-forward? Definitely nonsense of some kind !!
Even more importantly, and this is very significant—very important.
Chris and Jason
DO NOT use this trading system with their own personal funds.
I specifically asked Chris this question about 6 months after I started using the system.
If the system works and works well, why are they not using their own money to trade the system??
