I took a trial when it was free, and the fact it now isn't free tells me more about the system (and the developers' need for income), most of which I already surmised before running it in SIM.
Suffice it to say, the results posted on the website are purely hypothetical based on NT backtest results. I couldn't get close replicating them historically, let alone in realtime. Please note they are based on Range bars, which are not accurate on NT's backtest engine.
The latest marketing email claims a 2011 YTD profit of $27,129.50 profit. Fantastic by any measure, right? Why, then, are they asking $50 for a trial and a measly $249/month for this ATM?
The following user says Thank You to Tundi for this post:
I too was/am very interested in their Breakout autotraders. So yesterday I took the chance and got the trial.
First, I ran into a problem: Their indicators and strategies are already for the new NinjaTrader .3 beta version, and as I own other stuff I had to create a virtual machine (on my Mac), with the newest NinjaTrader on it. Then importing the package was no problem. Support of SMD was very friendly, they also gave me their Skype-ID, so if I run into problems I am welcome to chat with them via Skype: Nice! At least one of the SMD-guys also sit here in Germany, so if I really run into problems, that would help too!
Then today is the first day I run the strategies. There are 4 strategies available: For 6E, EMD, CL and FDAX. I setup four charts with the strategies in their standard settings. Important is that you ready the instructions about settup up the charts carefully, this is mandatory (as I have seen with backtesting). Then in the morning (CET, Germany) I let the strategies loose :-) Again: I use the standard setting, also for trading times, no change is applied, I simply attached them to the charts and turned them active.
I was away for the last 5 hours, but I wished I had run them with my live account :-) :-)
The FDAX-strategy is up $212.50, and the 6E is up $1,025.00.... :-) Nice start for a first day!
So lets see how the EMD and the CL will perform later!
I really have to say that I am VERY impressed, ok, I know, its the first day, but anyway: It looks EXTREMELY promising :-)
I will post the remaining results for today and Fridays results tomorrow then.
Many greetings from Germany,
The following user says Thank You to ostadler for this post: