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Long days before I had seen one advertisement on leading Business News Paper. On that advt. they have
mentioned they would provide tomorrows niftys Turing Point, for that they are providing software and
they climbed you earn very good return based on Turning Point.
I also had some curiosity to learn this turning Point, Because some of my trading friends told they are
following one web site(I dont want to name it) from there it will give tomorrow nifty Buy sell Point. In
the same web site they have given 3 years Track records which gave 7500 Points ( in free analysis
system). By average it gave 208 Points per month i.e. Rupees 10400 per month and it would gave Rs
124800/- per Year. If niftys Trading Margin for one is Maximum 50000/- then CAGR is nearly 400% is
great.
Since this software similar to that website formula I bought the software which asks to enter nifty EOD
price based on that it gave Tomorrows Turing Point
Using common sense I could able to write a AFL Program similar to that software
Here You can see nifty EOD chart where TP is Ploted. It data from 25th
th march 2011 to 31 oct 2011 chart
Last six months it gave 1123 Points.. after deducting brokerage it gave 51370 profit
With initial capital of 50000/ you can make it double with six months!!!!!.
Equity curve of the system
This what software vendors telling to their clients as well as they Put in their Track records in their web
site.
Nett 1123
1123 Points in six Months !!!!
Winning % is Just 30% but Nett profit is important.
I Plot Horizontal Line at Turning Point and if 5 Min candle above TP buy signal would appear if 5 Min
candle close below it sell.
So Intraday chart give 7 Trades where if U Look EOD chart I gave only one Trade.
Now we go to 14-sep-2011
This is the problem with EOD Stop and Reverse system if we contact the software vendor they will guide
Put 25 Pts Intra Day Stop .They will tell even if You Loose 20% of Points By this whipsaws, still You Gain
900 Points and they are giving 100% Transparent system.
if contra Trade then We can earning 30000/- with winning ratio of more than 90%!!!!!!!
Though I am not recommending you to trade contra Trade which is against logic, for understanding
purpose I attached the report.
OK Now Look What happen if we took trading decision at EOD closing price
If we took EOD closing basis one lakh capital appreciated by only 3307.
Conclusion
The Purpose this article is to give a warning to traders who are seeking EOD SR System.
Many Commercial EOD Trading system considers closing basis only but showing performance they say
they have entered in Intraday Level. if it was false crossover they simple say this EOD system so at stop
loss Purely on closing basis only. Most of traders see the false performance and follow the system and
lose the money. Whenever failure happens they blames them self as it was only because of their fault.
I dont want mention any name of the vendor but they are marketing the software saying that their
system 100% Percent fool proof and any trader and office going people can make money regularly by
spending just 5 Minutes per day.
I think this article at least helpful for a trader who are Planning to buy a trading system