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A Site Dedicated to Forex & Index Trading
SpiTrader
SpiTrader is my original model I released in April 2001 . This is the model from which my IndexTrader model was created and officially renamed in April 2003. SpiTrader is a short term 100% mechanical pattern trading model that can be traded with a AUD15,000 account. SpiTrader consists of eight patterns that are surprisingly simple making it a robust methodology. As a bonus due to its re-release in October 2007 I have added two extra patterns. Please review the results below to see whether SpiTrader may have helped your SPI trading. Last updated: 16th January, 2009 SpiTrader's
Recent Hypothetical Performance* SpiTrader's
Hypothetical Monthly Performance* Last updated: 14th February 2008 SpiTrader's
Hypothetical Equity Curve* The robustness of SpiTrader's simple methodology is demonstrated by its success since its original release in April 2001. As SpiTrader's equity curve shows above, on a single contract basis, the model is not dependent on any individual large trades to make it profitable. Last updated: 14th February 2008
SpiTrader's
Hypothetical Performance Statistics* As you can see SpiTrader has performed strongly (hypothetically) with a draw down of -$22,225 since 1983. (See the following link for additional insight into SpiTrader's historical drawdowns: DRAWDOWN ANALYSIS ) Although SpiTrader has a low average win to average loss ratio of 0.8 it does have a high 70% accuracy rate allowing it to deliver a positive 26% expectancy. SpiTrader's average losing trade is -$634 and it averages just under 4 signals per month. The average length of time in a trade is only 2 days. Remember SpiTrader is a short-term pattern trading system. If you don't have a trading approach for the SPI then you may like to consider SpiTrader. SpiTrader will help you introduce more structure and discipline into your trading and help you overcome your natural tendencies of fear, hope and greed. For the new trader SpiTrader is a quick and easy, step-by-step instruction on how to trade indices. For the more experienced trader SpiTrader is a way to get back to basics and keep it simple! SpiTrader will help you overcome your emotions by providing clear and precise entry and exit rules. SpiTrader will transform your trading into a disciplined, structured and non emotional experience. With SpiTrader's simple patterns and trade plan you will learn;
You will learn a powerful Money Management strategy that is capable of turning SpiTrader's single contract result into over $2,000,000!
It just doesn't get any easier than this;
To trade according to SpiTrader all one needs is;
It doesn't get much simpler than that! If you're looking for a rocket science or esoteric approach to trading then SpiTrader is not for you. Although profitable SpiTrader would disappoint you as it's surprisingly simple. However, if you're not looking for the next "magic bullet indicator" and would prefer a non-emotional, systematic approach to trading, and would like to trade the SPI then you may like to consider SpiTrader. SpiTrader makes it easy for anyone with a small amount of capital to set up a real, part-time trading business. Whether you are a business owner, or a full time employee, for the purchase price of $3,500 (inc GST) you can use SpiTrader's simple rule based approach to start a trading business now! If you decide to purchase SpiTrader you will receive 3 months of FREE support! The support will include an on going education of SpiTrader's methodology and access to my real time orders before the market opens as I trade SpiTrader...... yep......you heard that right.......a promoter who trades his own system! This isn't a big deal for me as I'm a trader first and foremost. With SpiTrader you'll receive both a fully disclosed 100% mechanical short term SPI trading system and a trading partner!
Brent Penfold
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