As for the post of Dionysus: From where do you know that those guys don't trade their own system? Do you know them? And more important: Why do you think that such a strategy won't work in the long term (given a proper money management)?
Lets see what happens tomorrow!
Many greetings and good nite,
Last edited by ostadler; March 3rd, 2011 at 03:54 PM.
Oliver - it clearly states on their site that they do not trade the system and that all results are simulated.
Of course, many people dream of finding an automated system like this which is why they will pay hundreds of dollars a month. The value of such a system would be millions of dollars a month and the owner of such a system would not need to rent it out for paltry sums as they'd be making millions too.
The search for a working automated system that takes directional positions and can be left to its own devices each day is a little like the search for a perpetual motion machine.
The question shouldn't be "why does Pete think this can't work" the question should be "why does Oliver think it would?". Seriously - what leads you to believe that this is possible? Hope?
hello, I know someone that tried this product some weeks back...they ran it live with their broker and it kept losing money, which was pretty much different than their stated results on the same backtested data feed. So I really wonder how the Live results can be so different from the backtested results.
They would never run this program live again by the way.
I think we need to discount if not dismiss posts by new futures.io (formerly BMT) members (who have a very low post count) who tout and praise the SMD system. Here's why. SMD has now linked this thread into its email marketing. Attached is the copy of a SMD email received yesterday evening. Notice the link to this thread.
Clearly, they aren't doing this to draw potential subscribers to a place where their products will receive negative reviews; after all, that's not good marketing or business. So don't be surprised if more new one or two post members come here to either defend or simply rave about SMD. They may very well be shills for the vendor.
The following 4 users say Thank You to Tundi for this post:
sorry if I sounded like I am in any way connected to SMD-trading. Thats clearly not the case!
My name is Oliver Stadler, and I am a veterinary from Munich, Germany (google me if you like). Trading is purely a "hobby" of me (which btw. does not mean that I dont try making money with it).
I tried some automated systems for NinjaTrader before, but SMD-autotraders are the first I can see some success even without heavily finetuning. Last friday I ran them again (CL, FDAX and 6E in Sim, EMD in my live account for three hours while beeing monitored). On the EMD-script the first trade was a looser (because the trailing stop was adjusting too fast), but the second was a winner, leaving me with a small win.
I have just arrived in Las Vegas for a seven day holiday, but believe me I will stay with the SMD-autotraders for now and use at least the first month to check them out further.