|
PureBytes Links
Trading Reference Links
|
You can get a lot of these systems from books for $25-50 a pop. Spend some
time coding and asking questions and you have a $2,000 system
Capital
Book $ 50
Value of Time 50 hrs @ $75 $3,750
Total $3,800
Value of not being pissed off when you find out that you just paid 2,000 for
a MA cross over $10,000,000,000
RETURN ON CAPITAL HUGE!!!!!
-----Original Message-----
From: Peter2150@xxxxxxx <Peter2150@xxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Sunday, June 07, 1998 8:23 AM
Subject: System Vendors -
>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.
>
|