Stock Index Secret Trade Reviewed

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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 .
GGGGG

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.

28 Responses

  1. Dennis says:

    Thank you for your honest review of this method.

    I have been searching the net for reviews of this product and your summary is the best thing i have found.

    Love the site.

    thanks, Dennis

  2. Thomas says:

    Nice review, I wish more people would take the time to review products like you.

  3. Jason says:

    Thanks. I think it’s important that there is at least some source of honest info for traders to find. There are so many clickbank products that are just pushed and pushed on the internet it can often make traders feel like they are missing out on new things.

    Personally I think it’s important to find what these “sellers” are not saying. They often miss out key information that would actually stop someone buying it i.e it only trades at a certain time or a certain market.

    We will have some more reviews completed in September. Fingers crossed they willbe positive ones. I would rather find good trading systems than bad ones.

  4. Ryan says:

    This is a bad scam, you can tell from the information on the multiple websites.Stock trading, index trading, forex trading, securities trading etc etc etc.
    They are just copied websites selling the same e-book.
    For example on the tradingstockindexes.com site it says you can start trading with $250?
    LOL the lowest margin you can get on the emini S&P during the US session hours is $500 margin for 1 contract.
    The seller hasn’t even a clue how you would trade a Stock Index.
    However with clickbank, you may get a refund by clickbank themselves, I have before they are pretty good when it comes to misleading advertising of its scam sellers.

    ClickBank will, at its discretion, allow for the return or replacement of any defective product within 60 days from the date of purchase. For more detail see our return policy.

  5. Jason says:

    Unfortunately most products out there are making money for the retailers but not for the actual system users.

    You can’t use it on the S&P anyway. I guess you can trade it using spreadbetting but I would suggest “real” futures contracts are always the way to go if you can afford them.

    I wonder if Clickbank actually remove products from sale if they get enough people asking for refunds?

  6. meir says:

    Karl Dittmann scam.
    He promises to return money and doesn’t return.
    He doesn’t answer letters/Emails.
    He promises a method to produce profits and send you to trade Japanish Index that is non trading in the US.
    Scam for sure.

  7. Jason says:

    Sorry to hear that. Have you made a complaint through clickbank?

  8. L.A. Louizos says:

    Great Work. You have written a very complete review. If this was done by everyone, internet would be free of scams.

    I have revealed a lot of forex robot scams myself there.

    Keep up the good work.

    L.A.

  9. Hassie Wolhok says:

    Hello I am so delighted I found your blog, I really found you by mistake, while I was looking on Yahoo for something else, Anyways I am here now and would just like to say thanks for a tremendous post and a all round entertaining blog (I also love the theme/design), I don’t have time to read it all at the moment but I have bookmarked it and also added your RSS feeds, so when I have time I will be back to read more, Please do keep up the great work.

  10. Jason says:

    I hope you continue to find it useful. Thanks

  11. Ed says:

    I entertained the value of the offer and I am glad I found your site. I will not be purchasing Dittman’s secret formula.

  12. karen says:

    just had mail about his new one called forex secret indicator anyone got any views ? suppose this doesnt work either!

  13. SLEEPY says:

    If you used a credit card, contact the Fraud dept, you can get your money back this way!

  14. Jason says:

    Thanks for the information Sleepy

  15. Jason says:

    Probably not. I may have to do a review but everytime I do one it costs me money as I have ot buy the product. But is amazing how “Karl Dittmnann” comes out with so many great systems isn’t:-)

    But you never know he might come out with something great one day. I try to judge each system on it’s own merit. But after the last one I have to say I don’t hold out too much hope. Forex Secret Indicator may be the next big thing but the fact that is seems to be Forex Secret Indicator is most likely a metatrader indicator that you can get for free on here or some simliar forex site. Only time will tell.

  16. Jason says:

    And just to add if you downloaded the free trend indicator when you were looking at the Forex Secret Indicator website you guys should know the float indicator has been around for some years and it is a repainting/re-calculating indicator. So don’t take it at face value.

    Jason

  17. Max says:

    NO! Karl Dittmann is one the best Forex gurus I have ever met. He is very helpful and always answering all emails. I have bought 3 of his products, they are brilliant: Forex Secret Profit, Intraday Forex Secret and another manual system.

    I can give my head Karl Dittmann’s products and not like other Forex scam! Stop blame hime!

  18. Jason says:

    Max

    You are the first person I have met willing to jump to his defence. Obviously I have only looked at a couple of his systems but I would happily take a look at your trading statements for last week and see how his systems performed. I am sure many of GTS readers would also like to see real statements from someone before they buy his systems. (no fake MT4 statements please).

    Like I always say I am happy to be proved wrong. But as of yet I haven’t been. Anyway, If I review his new “inidcator” I will do so with an open mind..however if it is just a rehashed indicator one can download for free I will be sure to tell the world.

  19. james cattell says:

    guys a lot of people are to fast to bag a stystem to make money on stock tradeing for 67 dollars a self help book full of advice to make a second income is this not worth the money for an investment of say a starting bank of 500 dollars with returns of 1000% a year i currenty get 15 sms a week tradeing on the dac cax and uk 100 useing there predictions earning 15% a week or 700% a year a lot of people fear somthing new in stock tradeing as i did untill i had there training for free now i trade 5mins a day not bad for the returns it was a grey area and is to a lot of people but beleive me once you come to understand how to trade and when you are on a winner its better than casinos sports betting the whole lot of that bs combined it cost me 3000 dollars and 1200 a year for this service some cos sell this info upto 30000 dollars a year and you can never leave you computer for lest returns so 67 dollars is nothing to spend on learning a method to turn the odds a little into your favor and useing my betting platform at fixed odds no stock brokers payments or fees useing the regent markets platform to invest on another grey area that most people dont know about so my point is that any traning manual under 100 dollars should be applauded not rubbished learn one thing how to save 67 dollars just once and the book then becomes free every loseing bet you dont have is a winner correct thankyou james

  20. Jason says:

    Cheers for you comments James.

    The reason these books are priced so low are to fool people into thinking “oh $67 isn’t much even if it ends up being a waste of time”. And sure maybe you can make the cost back in a couple of trades but what about the losers that soon come and leave you with a loss over all?

    The point I make is $67 spent on this system imo does not turn the odds in your favour. If it did I would be shouting it from the roof tops. I want to find readers like you good systems. I get no benefit out of knocking a system.

    I like fixed odd betting too (I am currently working on something to give away free for the site) although I have seen prices become less benficial over the last few years. If you would email the name of your signal service provider I could do a review for this site and then other readers can see how much you have to pay to get 700% return in a year.

    In all honesty I have never met someone who makes 700% a year trading a contract or more per trade am always interested to be shown that it can be done.

    Drop me an email: jason@greattradingsystems.com

  21. TAB says:

    Right ON Guys – the Karl Dittmann stuff is pretty bogus. I tried it and it did not work at all. When I tried to get my money back, I had to go to the fraud department of my credit card to get the issue resolved. I got the run-around on the refund.

    TAB

  22. seamus kane says:

    I wish I had read thid site BEFORE buying a “system” form Karl Dittmann. A SCAm if ever there was one. No refund and a system that throws out buy signals whenever (usually just after the index has peaked) it feels like it.

  23. Jason says:

    Sorry to hear you had such trouble.

  24. Jason says:

    I guess you will be a more wise trader for you experience but shame you had to have one like that at all.

  25. Jason says:

    Have you also noticed how they have tried to overload the search results in google with his sites. If you do a search for Karl Dittmann you will probably get 9 out of 10 results are one of his or an affiliate site. Speaks volumes imo.

  26. Stock Tipper says:

    I appreciate your post. It gives an outstanding idea that is very helpful for all the people on the web. Thanks for sharing this information.And I’ll love to read your next post too.

  27. Mike says:

    Hello, thanks for your review, but

    I have purchased many products from Karl. I really do appreciate them. All of the products I have acquired from him are accurate, easy to set up, very simple to use and very reasonably priced. I’m making good profit with them.

    That’s the biggest complement I could give anyone in this business.

  28. GreatTradingSystems says:

    Sure..glad you are making money. Just wished there were more of you.

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