|
PureBytes Links
Trading Reference Links
|
finally is the word here with lots of troubles - R&W sucks!!!!!
Bob Young wrote:
> All this talk of R&W systems, and technical analysis ......
>
> In 1995 I bought a subset of "Master Suite", called "Currency Master", which
> traded JY, DM, SF and BP. After paying $4500 I was disgusted to find that I
> had bought 3 simple channel breakout systems, and one moving average
> crossove - just like the ones that come free with TradeStation.
>
> After removing the padding, they could all 4 be written with a couple of lines of
> code. They used huge stops - like $5000. If this is "technical analysis", then I
> am the avuncular relative of a simian.
>
> I paper traded the thing faithfully, and after 12 months had a substantial paper
> loss, and a drawdown of about $22k - ignoring slippage and commission.
> I did finally get my 110% refund, but only after a long and acrimonious fight
> with the company principal, and submitting all my evidence to the CFTC.
>
> Bob Young
|