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Peter...well thought out. You did your research and without being one-sided or
opinionated. I particular like your insight about the guy who owns
ETS....interesting. There would be some desperate moment if you depended solely on
selling trading system and now your system is under the microscope.
John
Peter2150@xxxxxxx wrote:
> Hello Everyone.
>
> Some thoughts::
>
>
> For the purchaser:
>
> We always see the question posted: Does anyone have experience
> with Joe Blow's XYZ system. It is my humble opinion, that first I would bet
> that virtually none of the systems sold purporting to make you money will do
> so as claimed over the long run. But 2ndly, everyone of these systems you
> investigate, and partake of can teach you something. So the object is to keep
> the cost of education in line. If I can learn from spending 200 - 500 bucks
> thats okay. 3 to 4 thousand is a bit steep. Thats a bunch of 500 dollar
> lessons, and I probably won't learn anymore then from the cheaper ones. ALso
> the education will take time and work. Nothing is free or comes easy.
>
> For the vendor:
>
> It is almost a given that if you sell a system or whatever as a
> tradestation add on, that sooner or later someone will crack it, and post your
> code. Thats almost a fact of life. So. If its really great and you want to
> keep it a secret then don't sell it, trade it. If on the other hand you want
> to be in the sales, helping people business, and are trading your product, do
> so, help some, recognize some will take it for nothing, but forget it. When
> I hear someone scream as ETS's owner has, I can't help thinking, this guys
> livelihood depends on this, which means he isn't probably trading it
> profitably. One way to make people feel comfortable is offer a guarantee.
> One with substance. One that says I stand behind my idea, and have the
> confidence to say, If not happy you can have your money back. Out of
> curiousity I went to the ETS website, and buried I found the ETS guarantee.
> I think it speaks for itself
>
> Pete
>
> The guarantee::
>
> System Guarantee
>
> No one can guarantee that you personally will be profitable in the
> markets, and as you know, past performance is no guarantee of future
> results. However, WE GUARANTEE, CERTIFY and state to you that
> previously, the system performed in substantially the same manner that
> we have shown on the above charts for the depicted market and time frame
> without optimization and that all charts submitted by us to you with
> trades depicted, are charts of actual trading signals generated by ETS
> on the data and time period shown with the default system settings,
> without optimization or curve fitting. Upon your purchase of our
> program, your TradeStation or SuperCharts will show substantially the
> same trades as ours when applied to the same data and time periods. The
> sole basis for all technical analysis of future price movement is based
> on what the system did historically. We therefore believe the system
> will continue to perform well in the future, although we obviously
> cannot guarantee this as no one knows for sure.
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