Please advise - Coin Collector

Greetings all T2W members. I am seriously considering purhasing this system: http://www.rockwelltrading.com/sample_checklist.htm and am given $200 off if I order by Monday. Does anyone have any experience with this company or bought the system? They claim that their system has a winning percentage of 70.5% and was tested on 600 trades.

Thanks in advance

Keng

KengKing said:

Greetings all T2W members. I am seriously considering purhasing this system: http://www.rockwelltrading.com/sample_checklist.htm and am given $200 off if I order by Monday. Does anyone have any experience with this company or bought the system? They claim that their system has a winning percentage of 70.5% and was tested on 600 trades.

Thanks in advance

Keng

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Tested on 600 trades??? I'd want to see a few more zero's at the end of that number, it has not been tested in different types of markets let alone stood the test of time

How long should you backtest a trading system?

trader28 said:

Tested on 600 trades??? I'd want to see a few more zero's at the end of that number

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In my opinion it doesn't make sense to simply add a "few more zeros" , and here's why:

The chart below shows the average daily volume of the e-mini S&P.


You see that you can not backtest a trading system for the e-mini S&P before 1997, because the contract simply didn't exist!

In my opinion it doesn't make sense to backtest an e-mini trading system before 2002 because at that time the market was completely different; less liquidity and different market participants. I believe that a reliable testing period for the e-mini S&P are the years 2002 – 2004.

When is a system test statistically valid?

Recently I received an article from a Ph.D in Statistics. He explained the correlation between the sample size and the "margin of error" in the table below. The bigger the sample is the smaller the margin of error, but as you can see you don't gain much more confidence once your sample size is bigger than 500.

KengKing how can you be given $200 off when it 'only' costs $197 in the first place?

$197 is the "Special Price" valid until Monday..After that its supposed to go back to $397 again. Anyone keen? Is it a "Good Buy" or a Good Bye"? Maybe we can go 4 ways?

HHAHAHA.

my good ness , is this where we have come to ?

now testing = backtesting ? HAHAHAHA.

hell man , if I put out $ for some system , I would fully demand it has actually MADE a high return on low risk in REAL trading , not some cheapo nerd bcakwater backtested system.

hum ka chan is what this is !

Markus_H said:

When is a system test statistically valid?

Recently I received an article from a Ph.D in Statistics. He explained the correlation between the sample size and the "margin of error" in the table below. The bigger the sample is the smaller the margin of error, but as you can see you don't gain much more confidence once your sample size is bigger than 500.

[[/IMG]

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I believe your stats are correct. However, what this means is that you can predict a margin of error of a sample, measured from the population it represents.

But the issue here MAY be that the population itself (ie the time factor, representling different market conditions) is not big enough. How big is big enough - well I for one don't know the answer

Kind regards,
UTB

I have a sneaky suspicion that the $200 off offer will still be available this time next week

its not even that great an equity curve..

i agree though, pre 1997, none of my systems are that stable.. times have changed a lot since then..

fc

Don't be fooled by cheap marketing tactics, take heed of all this free information from the experenced guys on here, they are impartial and informed. Just READ READ READ READ READ untill your eyes hurt. I've learned more reading these boards constantly in the last three weeks than any guru or seminar could have taught me in a year. (have to take my hat off to one T2W member in particular though) Thanks to all, forum is well appreciated.

Don't be fooled in to purchasing systems that claim to make money. He who does is the fool. there no sure way of making money. Only hard work. but one day it will click.Some will find it before others.But thats not to say they be better traders.Success is the ability to go from one failure to another with no loss of enthusiasm.

CJ

anley: I have a sneaky suspicion that the $200 off offer will still be available this time next week

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They have just extended till the 18th...I received the offer also.

One point to note though..Take a look at the FREE 1-2-3 Ross Hook. Its been so widely accepted and many users have been profitting from it (judging from the thread I read). What if it was not free; Would anyone have bought it?

sheet , if you think that what is on this forum is good , you ain't seen nothing yet .

de best is yet to come , for a priiiiice that is .

sheet , if you think that what is on this forum is good , you ain't seen nothing yet .de best is yet to come , for a priiiiice that is .

Click to expand...

Lead the way...

vowel please, carol.

HYield said:

Lead the way...

Click to expand...

coming soon , keep posted , I got something that will blow people's minds away.

a fan?

HYield said:

They have just extended till the 18th...I received the offer also.

One point to note though..Take a look at the FREE 1-2-3 Ross Hook. Its been so widely accepted and many users have been profitting from it (judging from the thread I read). What if it was not free; Would anyone have bought it?

Click to expand...

See what I mean.

I now predict that they'll extend the offer to the 19th.

That's the 19th April

I now predict that they'll extend the offer to the 19th. That's the 19th April

Click to expand...

It'll probably be $97 by then

Back to the question

KengKing asked:
"Does anyone have any experience with this company or bought the system?"

This thread has 19 posts by now, and thus far the question was not answered.

This is an attempt to answer the question (though it might be long):

Four years ago I took a private tutoring with Joe Ross. I learned a lot of very useful things, which dramatically improved my trading. I read all the other BS before, but nothing really helped. In my opinion Joe's materials are fantastic; yet he was "hiding" in Austin, TX. I convinced Joe to share his knowledge with other traders who are struggling like I did. We became partners, and for the past three years I have been working for Joe Ross Trading Educators.

As a result, you can now download the free ebook about The Law of Charts and other useful information, as HYield mentioned in a previous post. In the past three years we trained several hundred traders, and many of them became very successful.

In January 2005 I visited a friend who is working as a floor trader at the CBOT. He introduced me to his friends, and I had the opportunity to interview them and ask them about THEIR trading secrets. That was amazing! These guys KNOW how to trade, it's their job. Most of the traders I interviewed have been trading for more than 20 years, many of them made millions.

I asked them if they would share their knowledge with thousands of traders out there who want to learn how to make money with trading.

They agreed, and Rockwell Trading Inc was founded on January 18, 2005.

As a first step they published "CoinCollector", an e-mini S&P trend-fading system for beginners that produces small, but consistent profits. We discussed publishing a more rewarding trend-following system, but for many reasons (that I might explain in another post) these systems are for traders with deeper pockets.

So, answering KengKing's questions:

• Yes, I do know the company. I personally know everybody who's working there, and I trust these people.
• Yes, I do trade the system for myself, and I am happy with the results.

I just talked to the guys at Rockwell Trading, and there's something that surprises them.
KengKing,
Rockwell Trading is offering an unconditional money-back guarantee if you don't like the system. Why not just getting it and try it out?

Markus


PS: I don't know where the price of $397 comes from. The price is $197.