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Re: MTpredictor......any Views?
No.
I have never met a profitable trader who uses ANY kind of paid service.
2,500 dollars. Gotta be kidding me.
I love this part - "30-day money back guarantee [minus US $250 support fee]". Love it.
Let's read some of the fine print. All trading services have the normal disclosure statements e.g. past performance not indicative of future results, etc.
A few good quotes from their fine frint:
"All trades shown on this web site are hypothetical, they were not executed. There are just shown for illustration and training purposes only."
..... Ok then?
"Unlike an actual performance track record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under or over compensated for the impact of certain market factors, such as the lack of liquidity. Simulated training programs in general are also subject to the fact that they are designed with the benefit of hindsight."
"No representation is being made that any account will or is likely to achieve profitable trades similar to those shown."
Hrm.
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Sorry I had to add one more. If it was me designing botch software, I would at least make sure I kept my fake "customer feedback" sounding accurate.
Look at this one: ".... I bought 1 emini at 829.25 with a stop of 826, and exited at 840! Thats $537,50 in my very first trade using the RT scanner! So thank you, In my very first trade using the RT scanner, I paid it off!"
840-829.25 = 10.75 * $50 point = $537.50. So we confirm they are definitely talking about the S&P Emini.
.. They bought at 829.25?
The S&P E-mini has only ever spent 3 days trading below 829, back in OCTOBER 2002. Which became the DEAD low for the beginning of the Bull Market starting in October 2002.
I'm assuming he got short at 1 November 2007 right?
What a joke.
Last edited by smwinc; 03-22-2008 at 11:09 AM.
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