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Non-Tech : OmniTrader-Do you like it???

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To: PeterS who wrote (13)3/5/1997 1:18:00 AM
From: Michael Coley   of 402
 
Peter,

I sent it back within the 60 day period. I just couldn't get it to make me money. I paper-traded for a month at ended the month down 10%. I chose 60 highly volatile stocks and followed Omnitrader's recommendations. The market was going through some major reversals at that time, though, so the backtests were probably optimized for a completely different market than I was seeing.

I trade almost completely on Fundamentals rather than Technical Analysis, now. I'm doing considerably better.

It certainly wouldn't hurt for you to give it a try, though. If you return it, you're out under $100 (restocking fee, shipping, online service, etc).

Good luck!

- Michael Coley
- i1.net
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