GEN - Commodex claim to be "most consistently profitable daily futures trading system"

[John Cappello <jvc689@xxxxxxx>]

As a long time Commodex watcher,I can tell you this:

1.There is insufficient data given to select a basket of markets you or most people can live with,in my opinion.

2.The total portfolio is not feasible to trade.The company was never helpful to me in selecting a decent basket.It is like "Here is the data you do what you want"

3.The closest thing to it is Futures Pro and at least with that you can select markets that have a chance of working based upon long history and short,medium and long logic.e.g.I have traded TYN and Munis with a 50% profit using Futures Pro.Not earth shattering but consistent with past years.The point is they provide the data to make a decision that makes sense--win,lose or draw.

Over the course of 2 years I have not known anyone to sing Commodex praises.And I am not selling anyone on Futures Pro--just making a vendor comparison.

Regards,

John



------------------ Reply Separator --------------------
Originally From: "Tom Stein" <comfut@xxxxxxxxxxxxx>
Subject: Re: GEN - Commodex claim to be "most consistently profitable daily futures trading system"
Date: 09/19/1998 08:03am



Just to add another comment to Conrad's.........

Note: The results also take into account the purchase of both the near
term month and the next one out(sometimes the after that,too), so to
be realistic.......you may have as many as 3 contracts on to duplicate
their results.........now take 3 contracts and multiply it by the
number of potential markets that you might be in at any one
time........you could possibly wind up with close to 100 contracts
on.........

1)Consider: the account size needed to just have enough margin for all
of these positions

2)Consider: the account size needed to withstand the drawdown

3)Consider: that Commodex (as far as I know) does not manage
funds...where most CTA's share a 20% or so portion of the profits(why
is that?)........

4)Consider:Commodex does not give you their track record in a standard
CTA description of a model account....describing maximum drawdowns,
recovery periods....etc.....(as far as I know)

The above points are something to consider and question with any
system vendor.....

Would you have any realistic chance of duplicating the results???????

I am not saying these programs don't have any value....I am just
pointing out that before
one gets too excited about their results...one should consider whether
they can be duplicated by you.  Remember, we would all be more
successful IF we never missed the biggest moves of the year...........


Tom Stein
comfut@xxxxxxx