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I agree with Mark for the overall test.
Here are my comments :
You can test it for one month ($79).
My opinion is that it is a software for people who like to see results
coming out without spending time, it scan one metastock folder and give you
advice.
Why I did not switched from a try to a buy :
1) It is a black box (no possible parametering), no research for
optimization as well and performance. For all black boxes like these, there
should be an automatic tester giving results for all automatically generated
buys (liker the Metastock system tester). I really consider no parameter as
a very poor program, it means it should have been coded to handle every
market.
2) I do not doubt there are stocks on which it works well, but I have
different strategies according to the sector, and in Professional Trade
Advisor, there is a coded strategy with 3 possibles stops. I had a look at
there site to see whether it was a new version, but it is the one I tested
(1.5). I saw it is now 1.5c. I cannot remember which letter it was when I
tested it.
3) No other way to code new technical indicators. Indicator library is fixed
(MACD, stochastics, bollinger bands and bollinger band width, ADX and that's
it if I remember well). Periods fro indicators are fixed also.
4) One month trial is not enough to paper trade correctly. RTR software
gives a 3 months trial.
5) I did not had the problem of switching from a buy to a short.
Laurent
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Mark Thompson
Sent: Saturday, July 10, 1999 3:31 PM
To: metastock@xxxxxxxxxxxxx
Subject: Re: PTA - (Fw: A New Predictive Trading Software System by
Stelar International)
I gave this software a 30 day test drive and was sorely disappointed. It
uses a set of rules to find buy/sell setups. Then as they go onto say it
uses dynamic logic to follow the trade. From a practical side I found that
it found a setup using Andrews pitchfork and an oscillator and a very poor
elliott wave count prediction. If the trade went right it used trailing
stops tocapture profit. If the trade went wrong its "dynamic logic" changed
the trade from a buy to a sell. So although the software is never wrong
unfortunately you are stuck in the trade. I found it to be a little like
Omni Tradere, another one of my less than favorite packages, in that it has
"a lot of sizzle but very little steak".
Their marketing campaign allows you to test the pacage for $70 for 30 days
and buy it for $1000. In all actuality if you think about it they want a
lot fo $70 and if someone buys it so much the better. If they really
believed in their product they would allow a 30 day free trial like Market
Analyst II. Then if one found it to be valuable $1000 would be a meager sum
to pay.
Just my opinion but I was disappointed and I felt swindled out of $70. I
think that they are preying on the newbies in the business. Oh yes, and I
have found that they make deals with people on the mail lists for referrals.
That is how I was rooked. So when someone starts singing the softwares
praises find out what they are getting out of it. Ron whats his name seems
to be much better at marketing software than developing a trading system,
----- Original Message -----
From: A.J. Maas <anthmaas@xxxxxx>
To: Metastock-List <metastock@xxxxxxxxxxxxx>
Sent: Friday, July 09, 1999 7:24 PM
Subject: PTA - (Fw: A New Predictive Trading Software System by Stelar
International)
> From our friends at Equis Sales.
> Sounds like the Golden Nugget............................or (opinions
please)
>
> Regards,
> Ton Maas
> ms-irb@xxxxxxxxxxxxx
> Dismiss the ".nospam" bit (including the dot) when replying.
>
>
> ----- Original Message -----
> From: Equis Sales <sales@xxxxxxxxx>
> To: Ton Maas
> Sent: donderdag 8 juli 1999 19:42
> Subject: A New Predictive Trading Software System by Stelar International
>
>
> > Dear Trader,
> >
> > This is an update on our previous email regarding Professional
> > TradeAdvisor 98, a new
> > Predictive Trading Software System by Stelar International.
> >
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