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<DIV><FONT face="Comic Sans MS" size=2>for explaining the difference between Log
and Linear charts</FONT></DIV>
<DIV><FONT face="Comic Sans MS" size=2>Thanx for the web site info
too</FONT></DIV>
<DIV><FONT face="Comic Sans MS" size=2>OFF TOPIC</FONT></DIV>
<DIV><FONT face="Comic Sans MS" size=2>Any one know how to remove the short cuts
in the systems</FONT></DIV>
<DIV><FONT face="Comic Sans MS" size=2>tray that appear at start up next to the
clock.</FONT></DIV>
<DIV><FONT face="Comic Sans MS" size=2>I know how to remove them from the task
bar to the right</FONT></DIV>
<DIV><FONT face="Comic Sans MS" size=2>of the start button</FONT></DIV>
<DIV><FONT face="Comic Sans MS" size=2>stephen</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Sun Jul 02 18:18:22 2000
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Date: Sun, 02 Jul 2000 17:06:25 -0700
From: Dennis Holverstott <dennis@xxxxxxxxxx>
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To: <realtraders@xxxxxxxxxxxxxxx>
Subject: [RT] Re: Chuck LeBeau's TraderClub
References: <d0.7f8e505.26912221@xxxxxxx>
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Reply-To: dennis@xxxxxxxxxx
Status:
Chuck, I'm hesitant to address this in a public forum but I think it
needs to be done. Let me start by saying I think you are one of the few
"good guys" in the system vendor business. Your systems are reasonably
priced and I'm told the code is fully disclosed. If nothing else they
are a source of trading ideas.
That said, a friend purchased one of your S&P systems and was *very*
disappointed in the realtime results. Fortunately, he was paper trading
it and didn't lose any money. He said the system uses a built-in
Tradestation money management stop of $1500. The problems with those
stops are well documented and I won't rehash them here. Briefly, my
friend observed that *many* times the system would enter a trade on a
stop order. The price would then move against him more than $1500 and he
would get stopped out for a loss. Later the price would move in the
direction of the original trade and would close in the money if one had
not gotten stopped out. This would be accurately reflected by
Tradestation realtime. However, when the daily data downloaded after the
close, Tradestation would redraw the chart and, based on its assumptions
about the order of the ticks on a daily bar, would show you still in the
trade with a profit. So, the system report says you made money but, in
fact, you lost money realtime.
So, my question, are the system results posted on your website real
trades with real money or are they based on the (erroneous) hypothetical
assumptions Tradestation makes about the order of the ticks when there
are two trades on a daily bar? My friend was never able to get a
satisfactory answer from you privately.
My understanding is that you don't personally code the systems you sell.
I would hope that these problems are the result of sloppy work by your
coder and a poor understanding of how Tradestation works rather than any
attempt to deceive. Like I said, I consider you one of the good guys.
--
Dennis
CRLeBeau@xxxxxxx wrote:
>
> In a message dated 7/2/00 8:24:33 AM Pacific Daylight Time,
> combat@xxxxxxxxxxx writes:
>
> << Hey, does anyone know when Chuck LeBeau is going to update the system
> results for his various systems on his website? It says the last update
> was in May and I can't believe that he didn't trade in June ....
> >>
>
> Mike, Sorry about the lack of updates on the 2000 performance data. My
> webmaster has been working more than full time on a consulting job and then
> he went on a badly needed vacation. He promised me he would update that info
> as soon as he got back. Sorry for the gap in data. We are not hiding
> anything. The missing trades were mostly pretty good and our performance
> improved. (Its been a tough year for us so far.) Should have the new data
> posted there later this week.
>
> Chuck
> traderclub.com
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