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Robert, tell Rich to turn and run away from that software as fast as he
can!!!!!!!!!!! It is a total rip-off!!!!! The way they get
huge backtested returns is that they curve-fit everything. For example,
they will go back and see which 5 stocks have had the best 10 year performance
and then come up with a switching model between these stocks. I bet
they never heard of out-of-sample testing. How do I know this?
My boss shelled out $10,000 for some of their various software programs
(they offer more than just Indigo) and I was in charge of validating the
advertisements claims-----that's when I realized everything had been curve-fitted.
Honestly, I can't believe they are still in business.
<p>Bill Bancroft
<p>ROBERT ROESKE wrote:
<blockquote TYPE=CITE><style></style>
<font size=-1>I received this request
from a close friend that would like some feedback on software that goes
by the name of Indigo. I told him I would post his request on RT
and forward all responces. I am totally unfamiliar with it.
Anyone have actual experience with Indigo and customer support? This
is what he wrote to me:</font> <font size=-1>"What do you know about
Indigo software? I spent about a half hour on the phone with one
of their sales guys and he took me through the demo etc. I was extremely
impressed with the system overall as it is a highly optimized expert system
that generates simple buy/sell signals based on your stocks. I understand
the indicators can be tweaked and combined as well. Some of the back
tested results were absolutely staggering!!</font>
<p><font size=-1>The problem is in the fact that they sell this package
for $3,200 and they do not offer a trial period or any recourse if you
don't like it upon buying it. They do offer a payment plan which
you could probably send the SW back and be out the initial $700 down payment.</font>
<p><font size=-1>I would like to hear you thoughts on this system as well
as I would encourage you to go through the demo to see how this compares
to what you have seen throughout the years. It's probably not suited
to your trading as it is not RT and does not trade indexes, but could possibly
be fooled I would guess.</font>
<p><font size=-1>Br - I need to get a system that is easy to use and produces
buy/sell signals much like the Indigo program but I have a very hard time
in plunking down $3k+ without a guarantee. They don't sound like
they will budge here either. Please help dude and let me know you
thoughts on this one. Thanks much in advance.</font>
<p><font size=-1>Rich"</font>
<p><font size=-1>http://www.microstar-research.com/home/index2.htm</font>
<br> </blockquote>
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Date: Thu, 18 Nov 1999 10:49:13 EST
Subject: [realtraders] Software - Indigo {02}
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Status: RO
In a message dated 11/17/99 10:13:40 PM Eastern Standard Time,
bobrabcd@xxxxxxxxxxxxx writes:
<< I received this request from a close friend that would like some feedback
on software that goes by the name of Indigo. I told him I would post his
request on RT and forward all responces. I am totally unfamiliar with it.
Anyone have actual experience with Indigo and customer support? This is what
he wrote to me:
"What do you know about Indigo software? I spent about a half hour on the
phone with one of their sales guys and he took me through the demo etc. I
was extremely impressed with the system overall as it is a highly optimized
expert system that generates simple buy/sell signals based on your stocks. I
understand the indicators can be tweaked and combined as well. Some of the
back tested results were absolutely staggering!!
The problem is in the fact that they sell this package for $3,200 and they
do not offer a trial period or any recourse if you don't like it upon buying
it. They do offer a payment plan which you could probably send the SW back
and be out the initial $700 down payment.
I would like to hear you thoughts on this system as well as I would
encourage you to go through the demo to see how this compares to what you
have seen throughout the years. It's probably not suited to your trading as
it is not RT and does not trade indexes, but could possibly be fooled I would
guess.
Br - I need to get a system that is easy to use and produces buy/sell
signals much like the Indigo program but I have a very hard time in plunking
down $3k+ without a guarantee. They don't sound like they will budge here
either. Please help dude and let me know you thoughts on this one. Thanks
much in advance.
Rich"
http://www.microstar-research.com/home/index2.htm
>>
Good Morning
I had the oppertunity of testing it in real time for 4 weeks
the salesman who bug me for weeks . fax me 8am est the whole report
DAILY!!
i used it on cmgi aol pcln and other hi fliers
the problem is that you get wip saw MANY times
and in the 4 weeks i netted aprox 2.5%
but there was at least 125 trades on 6 stocks
so after deducting comm and slippage i broke even
also
they use the internet index close oe the nasdaq close for DETERNENNIG
if you should stay long or short
so 350-4pm est
you sit in front of the machine and hope your alarms do not go off
because if they do
then you bave to close 6 of your position in 2 minutes to 4 pm
this is too much for too little
when the mkt is in a trading range you get killed
regards
Ben
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