FREQUENTLY ASKED QUESTIONS
Q&A; with Walter Bressert on ProfitTrader 5.0.

Is there a trial version or demo of ProfitTrader?

Is ProfitTrader a stand alone program?

What data sources can be used by ProfitTrader?

What are the system requirements for using ProfitTrader?

How is ProfitTrader affiliated with CycleTrader?

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?

Is there any instructional material available with ProfitTrader?

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?

Can ProfitTrader be back-tested?

 

 

 

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.