www.vtoreport.com - 5 day rsi system is a free system, from a site which appears to sell nothing. It's the simplest system I've ever seen and someone could learn it at the site and walk away and never need the site again. I see a ton of posters at clearstation and yahoo stock chat who do a huge amount of work and appear to much worse than vto's system.
I've looked at a number of commercial trading systems and the thing that strikes me is that they all seem to have taken what was once a simple idea (be it MA X-over, MACD, Stochastic etc) and overlaid that with sufficient gloss and marketing to justify their price tag. Just my personal take on it.
However, if you take ANY basic system or setup, be it buying above most recent highest high (selling below most recent lowest low) and perhaps, as a maximum, pulling in volume as a secondary confirmation,
use a sensible risk/reward and money management system that you adhere to absolutely - wouldn't that work just as well? (Better in fact, because you'd have the commercial systems' purchase price in your trading account too).
Or am I being rather naive? Has anyone on these boards bought a packaged trading system and successfully used it and has and IS making consistent profits with low drawdown?