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I'm not completely sure, but I would hope they were exposed for being
the fraud they were and shut down. I bought the Trend Momentum program,
which bombed. They re-optimized it after it's implosion as they did with
their first program. Once I figured out the system, I realized that it
was optimized to each individual market despite their claims. I reported
them to CFTC, but the person I dealt with was clueless when it came to
trading systems. He did say that Greg Gramalegui, who has a history with
the CFTC, had hired an attorney that was maybe part owner or something.
Anyway, the attorney basically scared this guy at the CFTC away. Not too
long after this, I believe Greg sold the company to someone else. I
think I remember reading this in one of the futures magazines. The Trend
Momentum was nothing more than the difference between two exponential
moving averages, which if I remember correctly the function was
XAverage2. I think this function was written by Clyde Lee. (Could you
verify this, Clyde? If it is your function, I'd be interested to know if
they received your permission to use this function.) When the Trend
Momentum was positive, long orders based upon a breakout were entered
and vice versa for the sell orders. It was the one and only vendor
system I bought and it was a rather expensive lesson. If they are still
around, I'd stay the hell away. Out of curiosity, why do you ask?
Hope this helps,
Trey
-----Original Message-----
From: traderselect [mailto:chehovin@xxxxxxx]
Sent: Tuesday, August 24, 2004 9:42 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: [RT] Trend Reflection
Does anyone know whatever happened to the trading program - Trend
Reflection?
Thanks
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