Sorry for the delay but here is the review done by GTS on the trading ‘method’ headlined as “Stock Index Secret Trade”. Trading Stock Indices.Com seems to be the main website for the system.
However, I am sure you are aware the links you come across on the web that point to this site they are not all from the same person.
The stock index secret site clearly offers affiliations as can be seen at the bottom of their website. This means there are many different people marketing this via sites, fake reviews and regular forum spamming.
Anyway GTS hopes to provide you with some information (as much as we are allowed to) so you can make your own informed choice whether to purchase the ‘secret trade method’ or not.
I would like to point out at this stage that GreatTradingSystems does not sell this system on this or any site and does not have an affiliation to sell it with anyone. This review is completely independent and unbiased. So lets get on with it…………
Before reading the system there are several things that I noticed on their site that bothered me or at least, made me think that this system is yet another hyped up trading method that doesn’t do what it says on the tin.
Firstly, the amount of affiliations selling it always worries me. Makes me feel like the “owners” are not really interesting in selling something they believe in, but more they just want to mass market it to sell to the biggest audience possible.
Secondly, the actual site is full of marketing keywords that makes you feel like you are missing out on something if you don’t buy it. Nothing wrong with great marketing but in the world of system trading 99.9% of the time the hype is not worth the money.
Thirdly, their disclaimer required some reading but through up some interesting things. Naturally, all sites in this line of business have to have some from of disclaimer,disclosure to protect themselves from the idiots in this world who refuse to take responsibility for their own actions. However, I notice some interesting things…
1) “Super Affiliate Contest”
Seems like the main site is running a contest for it’s affiliates to see who can sell the most units. Again, more marketing might equal less substance.
2)“Karl is pseudonym names, used to protect the privacy of the actual programmer and trader whom created this website”
Not sure any trader worth their salt needs to protect their privacy when selling a system they truly believe in.
3)“the faux testimonials may not be representative of the experience of other clients”
Why use “faux” (thats fake to you and me) testimonials and admit to it? This is a big worry
There are loads of little things that bugged me but you can read their disclaimer here.
Anyway, on to the important bit. What is the actual system like. Is it “100% mechanical”? Does it win 9 times out of 10? What is the trading “algorithm”? In short..sort of…not likely and why use the word algorithm are my answers.
Firstly and most importantly, if you are looking for a Forex System this is not one. Do not buy and then try to get your money back because you can’t use it on the fx markets. You probably won’t get a refund.
The system certainly didn’t wow me when I first read about it. I guess I have been around for a few years and seen quite a few so called secret trading systems. Obviously I can inform you what the system actually is but I can tell you it’s not a system that you can go try on any market. It is pretty specific to the market they suggest. Obviously, this means if you live in a part of the world where this index opens at 2am your time it might not be suitable for you.
Which direction to open a trade is mechanical however there seems to be some confusion on the their behalf as to when a trade is taken and when one is not. They initially say if you see a move of say 30 points (point size changed for this review) then you take take a trade. Then they say warning “never” take a trade after less than say, 20 points? So what about the points in the middle? Do you or do you not take a trade? They actually make it worse by not using specific points but a range of points. This means you have to decide yourself whether to trade or not. Some might trade some might not. Not exactly mechanical trading at work.
The stops levels are also an issue? Rather than say “use a stop level of “XY or z” they say “about xy or z”. Again not very mechanical.
Any by this stage of reading their system I can clearly see different purchasers will be getting different results from the system. And when you know that there is no fixed profit target only a possible suggestion in brackets after a statement “close in profit” you realise that this is not very mechanical at all.
I was starting to see why Karl Dittmann likes to use a fake name. Already, it’s not doing what it says on the tin. However, if it makes money like it says who cares if it’s bit full of itself.
But how does it look on the charts?
Well this is the issue. I have downloaded the free trial of the recommended metatrader platform but some of my charts just do not add up with some of the recorded profits on the home page of the stock index secret trade. There are some cases where they have taken a trade yet the “system”(by my understanding) says not to.
I can also say that there are not as many trades as you expect. The site uses the word “everyday” a few times which suggest you would actually trade everyday. However, this is not the case. In fact the site page you go to when your purchase the trading method does say “The Market is very slow due to SUMMER holidays” which I think is a bit of a cheek.
It could just mean the system’s natural life is coming to an end and where it was once easy to take money from the market using this ‘secret’, maybe it will be come a little harder in future. There is no way of knowing going forward.
So in short, at this time if I use the suggest charts, all I can say that 9 out 10 trades will not be winners consistently. However, the times you do win are going to be bigger (more often than not) than the suggested stop so you do not need a 90% ratio to make it pay.
However, in my opinion, if you are going to buy this trading system then in order for you to make it work, you will have to go over 200+ intraday charts, working out profits for various stop, limits levels and create your own method from it. As it stands I certainly don’t think it’s as mechanical as it should be considering what the website says. And in order to trade systematically I believe you need to have confidence in your trading system. Thus you need to know the numbers behind it.
I think, as a trading method, it can be made better and I believe that you can probably make money from it. And by that I mean, you can win more than you lose over given period of time. However, do not expect it to make money every day or at a 90% strike rate consistently
The question I guess is would I recommend buying it. Like a lot of things on the web it’s not priced too expensive which makes you feel “oh well, if it’s crap I haven’t lost much money”. But ignoring that I don’t think you will be overly wowed by the actual concept. It is likely you do this already on another index some days.
I am also plainly aware of all the marketing hype on the selling site does not match the actual reality in my opinion. But on the other hand do I think if you take 20 trades you would make a profit? You could well do. It might only small though, but that will depend on you and how good you are at choosing when to close your trades. That difference between traders could make one win and one lose over the same given basket of trades in my opinion.
For that I will give Karl Dittmann’s Trading Stock Indices-Stock Index Secret Trade a two “G” award .
This basically means it may make you some money depending on yourself but it certainly isn’t worthy of the hype it gives you. And certainly not a systems I would be willing to sell myself or as an affiliate at GreatTradingSystems.Com.
I should also point out the retailer has a very strong refund policy. So don’t expect a refund if it doesn’t do what it says on the tin for you.
Here Is The Refund Policy-“As it CLEARLY stated on the pre-sale page that we offer a refund if you don’t make a profit when you start
trading our secret … There were No other money back promises on the pre-sale page other than that.”
Reviewed Saturday 18th July 2009
Please note the review was based on the system which is present to purchasers on a web page. This means that the sellers can change the content of that web page at any time.
I have also not reviewed the various “extra” things they try to “pull” in the punters with. GreatTradingSystems.Com was only interested in the said trading system.