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Rich,
Optimization, through backtesting testing data, is the "fools gold" of
mechanical systems. Give me any set of data and I can present you with a
track record that will make you want to "mortgage the farm". Powerful
computers and great analytical sofware are "gifts from the gods". Over
optimization and sparkling historic track records are temptations "straight
from hell." Great approaches don't need boiler room salesman to "pound" on
potential customers.
Steve Karnish
Cedar Creek Trading
http://www.abbracadabra.com/cybercast/
----- Original Message -----
From: <Proffittak@xxxxxxx>
To: <kernish@xxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, November 18, 1999 7:49 AM
Subject: [realtraders] Software - Indigo {02}
> 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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