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David,
You are completely missing the point.
Murphy's chart pattern recognition software is not a system. It is exactly
what it says on the box. It is software, a metastock exploration, which
recognises a few basic chart
patterns.
These you will have to learn to use using your own judgement and
discretion. Personally I would like to be able to tweak the lookback
periods.
Only dreamers expect to buy a system which you install and then
trade without any discretion or input, and make money.
If you dont think Murphy's product any good , then please produce something
better and I
will buy that too.
Simon
-----Original Message-----
From: David DeFina <ddefina@xxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: 07 May 2001 17:43
Subject: RE: John Murphy's Chart Pattern Recognition software
>I think it's interesting to sell a plug-in for $300 with no historical or
>actual performance figures, and I assume no way to back test it? Does John
>Murphy make money with a real trading account? Maybe they should publish
>his actual trading record using the plug-in! I read that the "infamous"
>Nick Van Nice, the commodity trader, who has sold his trading methodology
>for years, was actually a fraud and never traded his own account. He had
>his own account 10 years ago but lost money! I still don't believe anybody
>sells a system that actually works. Why not trade or manage money with a
>working system rather than sell it and possibly undermine its performance?
>
>http://www.cftc.gov/opa/enf00/opa4455-00.htm
>
>
>ddefina@xxxxxxxxxxxx
>
>-----Original Message-----
>From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On
>Behalf Of Curtis Newberg
>Sent: May 07, 2001 7:04 AM
>To: metastock@xxxxxxxxxxxxx
>Subject: Re: John Murphy's Chart Pattern Recognition software
>
>I tried it and returned it for a refund. I had no problem getting a refund
>to my credit card. Do it within the thirty day period they allow.
>----- Original Message -----
>From: Brian Gaddis <bngaddis@xxxxxxxxxxxxxx>
>To: <metastock@xxxxxxxxxxxxx>
>Sent: Friday, May 04, 2001 9:01 PM
>Subject: John Murphy's Chart Pattern Recognition software
>
>
>> Anyone here use John Murphy's Chart Pattern Recognition plug-in?
>> What do you think of it?
>>
>> Thanks.
>
>
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