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Dear Bill,
I appreciate your comments.I have nothing good to say about Indigo hence my preference not to say anything.I hardly feel that is a tease,especially when I give the source of the fastest info.And from that info you would find there are no reliable brokers mechanically trading the system as there are with Galaxy for example.
Regards,
John
------------------ Reply Separator --------------------
Originally From: Bill Bancroft <bbancroft@xxxxxxxxx>
Subject: Re: Anyone using Microstar Indigo trading software?
Date: 10/20/1998 01:46pm
I would be interested to hear why John would not share his opinion on a product, no matter what his views were. What's with the tease?
Anyway, I will share my experience.
My company bought the entire package--Indigo, Galaxy III, Top Step Bonds, Top Step Index, etc... It was my job to verify their results (don't
ask why I wasn't asked to do this BEFORE they purchased the program!). I only evaluated Indigo, their stock trading program. My conclusion
is: It is not valid research.
As a matter of fact, they didn't even do the research. Apparently, they hired someone to come in and develop the models for a fee. A one-time
shot. Try getting any answers regarding how the models were tested, and you will be stonewalled. They have no research department---their
technical support is strictly for teaching you how to use the software. I visited them at their Sarasota office numerous times in a quest to
find out more about their advertised results and testing methods. One problem is that they make use of a system called MIRAT, that has been
changed so many times (read: optimized), that it must be rendered useless. Another problem is that many of their switching models switch
between stocks that just happen to be some of the best performers over the past 10 years, such as CPQ, DELL, INTC, MSFT---with selections like
those, you couldn't miss!!! But it is not valid going forward. Even one of their software developers admitted that most of the advertised
results are optimized.
Don't take my advice, though. Do your own research. Call them up at (800) 315-5635. Ask lots of questions like, "How were these models
developed?", "Are these models optimized?", "Are there brokerage account statements showing the performance of the various systems in
real-time?", "What is your return policy if I am not satisfied?" Someone posted an excellent list of such questions a month or two ago--refer
to that list. Good luck.
Regards,
Bill Bancroft
John Cappello wrote:
> I have never had any problem receiving info from Angela the wife and co-owner of Microstar.I also have received info from brokers using it.
>
> I have my own opinions on it and would like to keep them private.
>
> Regards,
>
> John
>
> ------------------ Reply Separator --------------------
> Originally From: Christina and Jeff Demers <cjdemers@xxxxxxxxxxxx>
> Subject: Anyone using Microstar Indigo trading software?
> Date: 10/21/1998 00:19am
>
> I have been trying to get Info. on a software trading package called
> "Indigo" from Microstar research & trading for the last 3 weeks with no
> more than a little luck. If you go by their website, they are the next
> best thing to sliced bread. (Why am I not surprised) Still I would
> like to know if their is any truth to their claims and am searching for
> individuals with first hand knowledge or who have actually owned or used
> this software. Since it is very pricey ( $2700.00 for the complete
> package or $600 every 6 months for the internet subscription) obviously
> I want some unbiased input before I put down cold hard cash and then
> find out after a month or two I just wasted my money. I know that many
> people think there is no such thing as 100 % proven software, but I
> would like to know everybodies opinion, be they good or bad. Then I can
> write this company off. But first I want to confirm what the stats are
> as I am entering a new dimension of trading and I am currently looking
> at many different options. I have been trading for approximately 15
> years, but not using software models as I am now pursuing.
> Anybody with input would be greatly appreciated.
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