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PureBytes Links
Trading Reference Links
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Notice: This is a case of "if it looks too good to be true"... but
anyway
This outfit apparently offers managed accounts and hedge-fund "units"
(european fund legislation is a bit different from the US one) and
reports unreal results:
http://www.sptrader.com/summary-perf-yr-5-1/index.html
It says it has $160m AUM. Has a 5yr real time track record with real
money and 14-month record (since Dec-2003) trading OPM.
Apparently they're use TS and trade the ES with profit factor of >3 (!!)
Yet, NO MENTIONING of AUDITING info by an independant party. No
disclaimer about "hypothetical results" (as when a vendor publishes
backtested results)
And the description of their "trading system" seems very odd (1-3day
swing trade signals based among others on relationship between CL and ES
?!?!?)
http://www.sptrader.com/trading-system-7/index.html
If it's a scam, I'm suprised that regulators haven't caught with this
yet.
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