V. 8:14 (526-529): Trader's Profit Motive by John Sweeney

V. 8:14 (526-529): Trader's Profit Motive by John Sweeney
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Trader's Profit Motive by John Sweeney

Ray Copeland, Jeff Tucker

Trader's Software, Inc.

15 East 15th Street, Suite 300

Edmond, OK 73083-2690

(405) 348-0544

Product: Disclosed futures trading system

Requirements: IBM PC/XT/AT/PS2 with two floppies or one floppy and a hard drive, DOS 2.0 or later, 256K RAM, mono monitor or better, 80 column printer or wider.

Price: $2,995

Ratings: Ease of use: B

No major glitches. Some minor inconveniences. Solid programming with acceptable error control.

Accuracy: A

I found no errors in calculating the entry points.

Profitability: B

On par with VBS and better than Eurotrader and EPOCH.

Risk control: A

Outstanding. Best we've seen to date.

Value: A

Return competitive with less risk.

How best to get right with the trend? Playing the breakout from a price range (Volatility Breakout System) or an opening range (Opening Range Breakout) are two recent approaches, and now Trader's Software adds some new sophistication by (1) adjusting the entry or reversal point from the opening price by the recent range of closing prices (vs. high and low prices or "true range") and (2) optimizing for smoothest equity curve.

Developer Ray Copeland explains that Trader's Software tested every combination of price elements the group of developers could think of and the opening price turned out to be the best | base to start from. Every day a new reversal point is calculated and, if the market moves to it, you reverse position.

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