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It does not look like a scam, but it does look like a horrible system
and I am amazed that they are stupid enough to post it. Here is why:
1) First of all, it is clear that it is an extremely optimized system.
That is the only way that you have an 87% winning percentage. Would you
sell a system that has 87% reliability?
2) Look at the average winner. It is $534. This is trading on day bars
and the average daily range is about $750 bucks. It is only taking two
days on average on its longs and has never stuck longer than four. That
is a mighty small bet for a daily bar system I think.
3) THIS IS THE MOST IMPORTANT. I said at the top that the system was
over optimized. It took them five years to build up to $50,000+ in
optimized trades through August. Since it has been live, it has been
losing money regularly and is down over $8000. THIS IS WHAT HAPPENS TO
OPTIMIZED SYSTEMS WHEN THEY GO LIVE. They are taking what they call
money management stops. That means that the system has not given them a
signal to get out, but that the market has gone too far to stay in the
trade. It has no idea what the market is doing right now.
DO NOT TOUCH THIS SYSTEM!!!
Frode L. Aschim wrote:
>
> At 07:39 PM 10/20/98 +1000, you wrote:
> >Does any one know much about William Tell System for bonds or KC?
> >Is this just another scam?
> >(http://www.marketanalytics.net )
> >Thanks,
>
> Dont know too much about the bond market but had a look at their coffee
> system.
> The accuray is impressive, but the ratio avg win/loss is not.
> Average trade of around 400$ is not much in coffee, thats for sure.
> I read their section about opimization procedures, and was quite impressed
> - most of these system providers doesnt provide that sort of information.
> The fact that they are offering a 99 dollar trial is also good.
>
> However, I have seen many systems in the past that has retailed for
> thousands and thousands. The ones that are profitable over time are usually
> either over-optimized or based on breakouts that gives few trades and
> massive drawdowns.
> Remember - most systems are only a few programming lines.
>
> I would recommend you to either try the trial or better, buy a book on
> system development, for example Ruggieros excellent "Cybernetic Trading
> Strategies".
>
> Best greetings,
>
> Frode L. Aschim
>
> Email: frode@xxxxxxxxxx
>
> Thought of the day:
> // Shipbrokers do it SHINC \\
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