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MKey
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Posts posted by MKey
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On 2/18/2018 at 5:28 AM, MachineGhost said:It's not worth the time; the sales copy was better than the reality. None of the stocks systems are really worth bothering with compared to a trend following approach and they were fully disclosed in the help files so they can be coded up in TA software anyway. The only thing unique used to be the data... LT Bonds back to 1940 or so which can now be found on FRED. Some of the breadth statistics are still a bit hard to get for free. But again, they didn't do much to the systems. They're all old 80's and 90's systems back when overoptimizing was the rage; none have held up very well.
The only thing I'd disagree with is "compared to a trend following approach." Many Ultra systems were fully or partially trend-following. And I haven't seen any trend-following systems (not counting over-optimized with little real-time exposure ) that have worked very well over the last 15 years. The only one I use is a simple one with a very unique filter (not found in Ultra or anywhere else to my knowledge). But the UltraFS systems are as good as any of the trend-following strategies I'm aware of.
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If you own the UltraFS application and it is any good, why wouldn't you just manually enter the required data to keep it up to date? Why would you need Steve Hunter?Because it wasn't designed for that (not even in the mid-1990s) and it's a pain. So far, I've only added the S&P 500 through the end of 2013. I'm glad ULTRA allows you to add/edit data, but it was never intended for you to do daily. That's ridiculous with modern technology...and with a lifetime data subscription.
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Hopefully someone here knows the final story.
I'm afraid not. This thread is about a year old and 4 pages long. If there were a simple explanation, we should've received it by now.
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I won't go into details, but based on some social media searching, I don't think anything terrible happened to Steve. I've seen pictures of him after September 2013. He could be having health issue(s), but I wish they'd let everyone know what happened.
I'd be happy if they just updated data and did critical fixes from now on--no more new releases, updates etc.. They did that for many years -- I'm not sure why it suddenly became a burden. Then again, I'm not a programmer. Maybe it became difficult due to their data sources. Who knows?
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If anyone hears from Steve or someone else at ULTRA, please let us know. If nothing else, I wish they could keep the data current. I hope Steve didn't have a major health issue or personal crisis. He's been running the service since the mid-90s, so ULTRA isn't a fly-by-night operation.
I signed up for lifetime data as well. When I signed up (around 2005-6), the price was the same (or almost the same) as 5 years of data. At least I've gotten my money's worth for the data...unlike some on this thread.
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I'm in the same boat. I've been an ULTRA user since 2004. I hadn't used in a year since my systems are already in place and don't need ULTRA for signals. However, I decided to experiment with some new things over the holidays. I couldn't D/L any new data after 01/02/2013.
I've talked with Steve in the past and he seemed like a good guy and straight shooter. I, too, worry that it may be health issues or some other crisis. I even asked him once if he had a backup plan in case something happened to him. He said he did, but apparently it hasn't worked out.
Ultra Financial Systems
in Trading
Posted
What in the world does that have to do with Ultra software? Are you a bot?