NetPicks Reply: In eSignal you may need their Advanced Charting, you can check with them to be sure depending upon your plan but you’ll definitely be able to get those tick charts you need (or even use the free two months we can get you on Tradestation if you’d like to at least compare the two) — you’ll be set. As for your computer, as long as you can capably run your charting platform without issue you will be fine. Meaning if an eSignal, Tradestation, etc… runs on your system now our custom indicators will work perfectly fine. Thanks.

Millowena

NetPicks Reply: It has been off the market since it sold out early June but will go back available this month. Once we are ready to take orders we’ll be publishing the ordering information. In the meantime, you’ll be able to learn a lot more about the UMT strategy and training. Thanks for stopping by.

NetPicks Reply: This depends to some degree on timeframe chosen – some will be sensitive to news, some not — and yes, we definitely make that discussion and ruleset and integral part of what we do. We do look to have rules for anything of importance, and news is something we will account for. Thanks.

NetPicks Reply: We have found that certain “core” markets have been fine for years — what I mean by that are the indexes, the main currency pairs, etc… What you might find will sometimes over time change are some stocks for example that have good range and volatility don’t necessarily always remain that way. Consider some stocks used to trade at $100 now trade at $0.50 — so it’s situation like that that we were referring too. Most of the core markets you won’t have to vary from much at all — unless something new and exciting comes along. Also, think about some commodities — certain ones can be quiet for a long time – take crude oil, then become a big trading market. With this you’ll be prepared to trade any of them that you choose since the strategy doesn’t change. On the timeframe, you’ll typically stick with one, maybe two. However, there’s nothing ever wrong with identifying one that is even better and moving to that if you decide but I know personally I’ve stuck to the same basic one for a while since it suits my style. On the forward testing – remember, this is completely non-optimized. No settings get changed — unlike many strategies that are built on back-testing — and optimized parameters – this has nothing optimized that way – no curve fitting at all. So you can pull it up anytime now or in the past and go forward with it — nothing has to be “checked” for curve fitting since no optimization is done. That’s really a big advantage. Thanks.

NetPicks Reply: One strength to this strategy is the fact that stops/targets do not get fixed on every trade – they are dynamic meaning depending upon timeframe and market conditions they will vary – if you see today’s Russell chart and S&P trading you’ll see what I mean. We had a range from 1 point to 2 points on target — very different depending on the trade and all easily indentifiable – - each target tuned to current market conditions as is the stop. Thanks.

NetPicks Reply: All very fair comments. First, as a UTM owner you will definitely be getting something special so no worries there. Second, we believe this will be within reach of anyone who wants it — we’re a business but I think you know by now we do try to be reasonable and we do not go to market with price tags that you see out there for other training –which tends to average 5 to 10 times where we typically are. As for the other point, we are always striving to have the very best tools for traders — if we can develop something new that we feel is fairly revolutionary we are definitely going to make it available — in the 11 years we’ve been around we have had two strategies released. That is all. And a handful of subscription services — and never anything that required some of the crazy upfronts you see out there. At any rate, UTM remains out there (almost a year now) and fully supported as always. This was really a response to all the requests we had from UTM owners — there was a lot of feedback about wanting many other markets, not wanting to be constrained to one timeframe and having more flexibility and interactive training so it ended up being created in part based on feedback we received. We got a lot of great ideas from our UTM owners that are built into this. Thanks again for everything.

NetPicks Reply: We’ll be releasing more details throughout the week. It will contain videos, software, training, live virtual training – very comprehensive. Should have lots of new details this week for you. Thanks.

W~

NetPicks Reply: Agreed on the big runs – this one can be amazingly volatile. One key in trading it is to be sure you are at a broker that has favorable spreads on the pair – clearly avoid those 10+ you’ll see at some brokers on it. No sense putting yourself at the disadvantage lining the brokers pocket first. I did look at the 4 hr. chart (and a comparable tick chart as well for fun) and there are some definite 200 – 300 pip runs following triggers. I’ll see if we can get a demo up over the next few days for you. Thanks.

NetPicks Reply: The design of the Universal Market Trader is to be able to be one strategy, that is dynamic, meaning it is self-adjusting — the way the targets are set, stops, reversals, etc… are all finely tuned to the exact market and timeframe you bring up. Which is why as long as the market you are trading has good volatility, volume, etc… you should see successful trading. The things to look for are swings up and down, occassional trends, etc… if that is the case you’ll likely find success given the strategy is so flexible and definitely not confined to a preset list of markts by any means. We expect it to end up being used on a huge list of securities. Thanks.