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In a message dated 4/24/2003 11:18:31 AM Pacific Daylight Time, pring99@xxxxxxxxx writes:
MS users - anyone using this product from Eugene?
If so, what are you trading with it and what are your general stats
using it on actual trades?
Pring
Eugene has repeatedly touted his product(s) on this list while never contributing one iota to MetaStock issues. He once responded to one of my posts with directions to his web site and one of his MS plug-in "solutions." He has black box software and does not reveal formulas. This is a quote from Futures Magazine regarding black box software:
"There are a number of underlying conceptual design limitations and weaknesses in today's system software programs that are primarily responsible for their failure to live up to their claims.
What's wrong
First, there is a nearly exclusive emphasis on the use of nondisclosed logic. The trader is prevented from understanding how and why the system's trading signals are generated. And the technical indicators that comprise the logic are preset and cannot be controlled or altered by the trader.
Extensive historical testing has shown that a trader's understanding of the logic and control over its technical indicators (along with his command of market dynamics) contribute more to his overall trading success than the logic or indicators themselves."
The entire article can be found at:
http://www.day-trading-commodities.com/why_system_software_fails_futures_traders.asp
It is my opinion that Eugene is nothing more than a lurker and a SPAMMER and I too would like to know if anyone has had success with one of his plug-ins. And you too Eugene could also publish some of your real time results to this list, if in fact your black boxes work.
Jay
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