Here is a copy of an email I sent to TMG (Merlin)
Jerry based on your email that you just sent PLEASE CANCEL my subscription. The reason for my cancellation is your refusal to give the actual trade dates that generated the back tested results and the effects of stops on returns. I will not send almost $1,500 per year with this level of nondisclosure.
Good Luck to all!
Without actual trades dates it can not be determined if the back testing results are in fact true. TMG also will not disclose what effects placing stops on trades have on back tested results. Buyer Beware!
Despite TMG’s deviation from its C2 historical norm it is still fair to say that this system is trading within its stated 21 year historical performance envelope. Most system providers fail to conduct, let alone offer, this level of backtest transparency and thus will be theoretically less reliable in the longer run. A knee-jerk week for any EOD system can only be weathered, not designed for. Subscribers who choose to accurately evaluate a system such as this one must therefore consider performance over a reasonable period of time---otherwise, it is they who will be the ultimate losers and not the system.
You wanna make a lot of money: SUbscribe to this system and follow the Exxact Opposite. Joke aside as amazing and the best as it seems, you will lose money in the Long Run. Reason being the obvious: No Money Managament. It is claimed to hit 3% Target much less than its recommended 3% Stop during its 21 year backtesting period. For Newbies outhere: If someone tells you using Stops would reduce your gains in the long run, Run Away. The only reason system getting 2 stars is the honesty of its admins
This system may not be a pure mechanical system.
When the system is not in drawdown, the signal of last hour flips easily as it approches to 0. When the system is in drawdown, the signal does not flip even it is close to 0 in the last hour. Like a human does not want to accept a losing trade.
A system that may yield good real world results, but for myself I'd be happier if they'd stop changing it / tinkering with it. I'll take a simple system proven in the real world anytime, over one that's always newly tweaked and "optimized".
I started to trade this solid system since 01/31/2007 (~one month ago) with structured products based on NDX. I get a 10X leverage and I trade with little funds. I'm very happy of the return, I made ~15% without taking risks, but now I'm confident with this system! Signals are clear and always go out to be ready at BOD! It only takes 5 minutes of trading and attention per day! But I sometimes choose to open or close my positions during trading hours to take profit of gaps.
This is a very good and stable system! Try it!
go to stockcharts, put up price-NO indicators necessary. Go through the closed trades on the TMG page here. Annotate the chart with vertical lines-- green when TMG says BTO, red when TMG says STO. Beautiful picture indeed. Good going amigos. $$$$$$$$$$$$
I have been trading the TMG signals since November 27th utilizing put and call options against qqqq. Since that time the capital that I've allocated for trading has grown 315% including commissions. I generally trade at the open, but do try to take advantage of gaps up and down for better entries or exits. In trades I've made before the signal change I have both left money on the table and made profits that would have been missed waiting for the signal change. What TMG has provided is a confident vision of the near term market direction, which has permited these exception returns.
Started with this system on 12/21, trading QID and QLD. So far, doing OK and still learning. A modest 2.0% but am having to work with fractions of my account (rollover IRA) to avoid 3 day settlement rule issues. Also, there have only been 7 trading days since I started.
this is a very solid system, built by men of integrity who are on a quest to discover how to produce good results by trading. i followed the discussion that led to the bulding of this system, and i think it is powerful and elegant. a good system.
I am very pleased with the service so far. I mainly use rydex and although I have only subscribed for a few weeks aince the beginning of December, my investment has grown 10.5%. I am also pleased with the customer support who initially guided me in understanding the system by answering emails in a very professional manner. When my yahoo mail system failed, I was also able to get quick response personally to enable me to make the trade on time. I have tried other system, but none compared to TMG in actual return and professional service.
5 weeks as a subscriber. I am up about 9%. I am trading QID/QLD. I had one bad fill which cost me dearly and it was basically my stupidity. I have been trading EOD and twice have ended up getting caught by a last minute signal reversals so it may be better to trade BOD. I have a lot of confidence in this system right now and am bringing up reinforcements (more cash) from under my mattress so I can get a bit more serious. I think slippage is a bit of an issue but I definitely expect to double my money over a calendar year and that is a very good feeling I can tell you. There is a minor drawdown but as long as you follow the signals I think it would be difficult NOT to make significant gains from this system.
I have been a subscriber for a few weeks but also known the creators for months prior to that. Imo, this is as good as it gets for trading short term moves in the market, both up and down. I use proshares 2X qqqq funds for the longs and shorts and have done very well. I am currently allocating 100% of my trading capital to this program.
