The Story Behind 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.
If you haven't read the story of how IndexTrader™ was developed out of SpiTrader™ then please take the time to read the following link as it will help explain SpiTrader's™ background. The Story Behind IndexTrader™.
In October 2007 I decided to make available again my original SpiTrader™ model.
There is an interesting story about how I came about this.
During 2007 John Wiley asked me to revise my Trading The SPI book for a 2nd edition publication. While I was working on the second edition I was considering whether or not to add a third short-term mechanical pattern to Chapter 21 Mechanical Pattern Trading. I decided I would to reward my readers for making my book such a success. So I delved into my original SpiTrader™ model to select one of its patterns to add to Chapter 21. That chapter now has three mechanical patterns, two of which belong to my SpiTrader™ model.
After I had completed Chapter 21 a thought struck me. I was wondering to myself how my original SpiTrader™ model would have fared since April 2003 when it was changed to IndexTrader™ and started trading global indices. I was particularly interested to know how all the eight patterns (particularly the patterns that only worked on the SPI) performed during the bear market of 2003 and then during the subsequent bull market from 2004 which experienced a number of sharp and volatile reversals?
So I dusted off SpiTrader™ and ran the model. And to my delight my original SpiTrader™ model had performed well!
It then struck me as to why I hadn't continued to trade SpiTrader™? And of course I knew why. I was still trading it but with only half the patterns across global indices. But then I thought of my other SPI model, SpiBandit™, which I created after 2003 and how it hadn't performed nearly as well as my original SpiTrader™ model. Call me stupid however in hindsight its clear to me I should have kept SpiTrader™ in its original form as my SPI only model.
So to cut a long story short I decided in October 2007 to re-release my original SpiTrader™ model. Its a good model that has not only stood the test of time since its original release in April 2001, but it is the backbone to my successful IndexTrader™ model that has continued to profit during both bull and bear market conditions.