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FAQ for George I
1. Do I need any sophisticated software to trade this system? Not at all. The most basic charting software will suffice. I recommend Sierra Chart as this is what I use myself, but any other charting package will do just fine. If you decide to use Sierra Chart, I will give you a Sierra Chart template (study collection) that I use for trading this system, but you can trade it without this template as well. 2. What indicators are used by the system? No indicators are used by this
system. The system defines entry points in a way that does not involve
any indicators. 3. How often does the system trade? The system trades at most once a day, but not necessarily every day. Per month you can expect about 13 trades on average. 4. What kind of system is this? This is essentially a reversal system, although at times it can be viewed as a trend continuation system. 5. Is this system suitable for beginners? Absolutely. The system is so easy to learn and operate that even a total rookie to trading should have no problem using it. 6. What comes with the system? The system rules spelled out on one page only, 4 pictures that illustrate how to apply the system rules based on actual trading situations, a list of trades since January 2005 and a bonus in the form of Georgette I. You also get an unlimited email support. 7. How much money do I need per contract to be able to trade this system safely? Since the most recent maximum drawdown the system experienced has been 28 pts, I recommend at least 1.5*28 pts=$2100 plus the margin that can vary from $300 to ca $3000 depending on your broker. 8. What do I need to do to qualify for your money back guarantee? You would need to start trading or only papertrading the system right after it went through a period of 4 consecutive losses that total at least 14 pts or after it developed a drawdown of at least 14 pts since the last peak in its equity curve, the former situation being preferable. You would then need to continue trading (papertrading) it for the 12 months to follow. If after those 12 months you are not showing a profit of at least $500 per contract after commissions ($5 or less per round turn) and slippage, I will refund your payment (minus a small return fee of $20). Remember, that you would also need to show me a log of your trades so that I see that the trades were taken correctly. In particular, you would need to make sure that your exits are taken properly when the system's fixed target is not reached and you are exiting at the session's close at 4:15 PM EST. In such a case, your exit order should be sent within the last 2-3 seconds before the session close or you can use the Market on Close order if your trading platform allows for this. For papertrading or actual trading you can use NinjaTrader. Bracket Trader and ZeroLine Trader are recommended for accounts with Interactive Brokers. 9. How often such periods of 4 consecutive losses occur? You can expect at least 2-3 such situations a year. In 2005, there were 4 such situations. One in 2006 (as of 6/30/06). 10. Why do you recommend that I start trading the system after such a period of 4 consecutive losses? For two reasons. Firstly, that's how I start trading all my mechanical systems and so it would be a bit hypocritical of me to advise you otherwise. Secondly, you want to make sure that you are starting trading this or any other system under optimal conditions as this always helps psychologically.
We accept payments via Paypal . The price of the system is $499. You can order this product here.
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Disclaimer: HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS UNLIKE AN ACTUAL PERFORMANCE RECORD. SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER OR OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING 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 PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. |
| Copyright Waldemar Puszkarz © 2005-2006. |