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The
Answers:
Is
there a trial version or demo of ProfitTrader?
We don't have a demo version, per se. When you purchase the program, you
have an unconditional, 30-day trial period that begins when you install
the program. If you decide you want to return it, upon receipt of the
program and manual, we issue a full refund (minus shipping/handling charges).
Is
ProfitTrader a stand alone program?
No. It requires the Omega TradeStation or SuperCharts as its trading platform.
What
data sources can be used by ProfitTrader?
All data sources that work with the Omega Trade Station or SuperCharts.
What
are the system requirements for using ProfitTrader?
The same as those for TradeStation or SuperCharts.
How
is ProfitTrader affiliated with CycleTrader?
Although both programs reflect my trading methodology, they are two separate
programs marketed by two separate companies. I developed CycleTrader in
1994 and lost my copyrights to my ex-business partner in early 1997. Since
that time, I have not been associated with CycleTrader in any manner.
In 1999,
I developed the ProfitTrader software program with Roy Kelly. Our goal
was to improve the accuracy and ease of use of the indicators used in
my oscillator/cycle timing methodology. About 80% of our buyers are previous
CycleTrader users, traders who have followed my methodology throughout
the years. Almost without exception they agree that ProfitTrader is indeed
more user friendly and accurate in picking cycle tops and bottoms.
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I
am currently using CycleTrader 4.0 and have been notified that CycleTrader
5.0 (upgrade) is now available. Is ProfitTrader 5.0 the same as CycleTrader
5.0? What is the upgrade cost?
ProfitTrader
is different than CycleTrader. Though it has basically the same oscillators
and buy/sell signals, the tools to identify and trade cycle bottoms and
tops are more powerful. For example:
- The Kelly
Cycle ID indicator is a unique and accurate indicator that combines
with the buy/sell signals to give very high probability confirmation
of cycle tops and bottoms.
- The cycle
Channel Lines show trend.
- The Cycle
Points show historical cycle tops and bottoms.
- The Timing
Bands are more accurate in forecasting future tops and bottoms and in
identifying cycle tops and bottoms as they occur.
- Automatic
Timing Bands suddenly appear when a top or bottom is about to occur.
- Automatic
Trend Lines with price objectives
- Accumulation/Distribution
lines that do not need volume.
- An EMA
indicator that shows the longer-term trend in any time frame.
- Fibonacci
numbers that plot automatically on the screen for cycle retracement
levels.
The regular
price of ProfitTrader is $799; the ProfitTrader upgrade price for CycleTrader
users is only $499.
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Is
there any instructional material available with ProfitTrader?
ProfitTrader comes with an easy to read and understand manual.
For the end-of-day trader, we offer my 13-session, online seminar (FREE
to purchasers of ProfitTrader), which explains and illustrates the timing
methodology and includes instruction on many of the ProfitTrader indicators
applied to end-of-day analysis and trading. This seminar should also be
reviewed by intraday traders to see how the indicators are used. For the
S&P; and active stock I-day trader, we offer a 15-hour video/CD package
of my $2500 I-day seminar (discontinued when I made the video package
of the seminar available at $995).
I'm
interested in your software; however, I trade corn, wheat, oj, etc. Does
your software work with these markets, or just the S&P; intraday?
ProfitTrader works in all markets--futures, stocks, currencies and FX,
foreign markets -- in all time frames. Initially, built for daily/weekly
charts, it quickly proved to be a very powerful program for intraday trading
the S&P; and other active markets.
Can
ProfitTrader be back-tested?
ProfitTrader is a not a system, but a group of trading tools that
combine with cycle and technical analysis to determine trend, and trade.
It is popular with professional traders who leave the floor, as well as
experienced (and non-experienced) traders looking for a way to improve
their timing and profitability.
If your
question was not answered, please feel free to call Walter directly
at 561.5671.1101, or send your question via email to [email protected].
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© 1998
Walter Bressert, Inc. All Rights Reserved.
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