My newest trading toy

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a couple of years ago i bought a computer program trading strategy.... i wanted it because it offered risk control on each trade, and set stops and price targets that were pre-tested for efficiency..... a few training classes were offered and i went to one.... during the past 2 years i got to know the quality of the products they were selling....
everything they sold was on a money back guarantee, everything.
if you didn't like it or if you found it didn't work the way it was sold, you were guaranteed your money back...
i'm not sure exactly how many years but at least 10 years ago, i played around with auto execute program trading, a computer program friend wrote the code, i came up with the strategies.... then because i was inexperienced, i over optimized and curve fitted the programs so that during back testing they looked great but in real life they traded only fair to badly...
here's the performance report of what i'm trading now, it was back tested for 13 years, the report is for only 5 years....it shows what would of happened with $6100 invested and if only 2 contracts of the e-mini s&p were traded.....
i'll let you know more after 6 to 12 months of forward trading, i'm trading more than a couple of contracts and many times more than 6 K invested....
P.S. to me, this is called a trading toy, it only becomes a money making tool after it's proven itself in real time, real money, forward trading...... if it works half as good as past results have shown i'll still be very happy...

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i won't be sharing the company's name that leased us this auto-execute program for several reasons.... 1) the product may be junk and i might be a sucker for leasing it..... 2) for this program to run at its optimum, it requires a dedicated hard wire cable connection (no WiFi's), a dedicated computer to run 24 hours a day.... 3) a remote access device (like Go To My PC) should tradestation get a hiccup or the cable company miss a beat, lastly one needs a UPS in case of power failure...

one kinda cool feature about this trading software is that it will text you and e-mail you both when trades are made and should something go wrong, it will immediately send you alerts both ways.... so you can be driving down the road while your computer is making trades for you...

50 members of my group chipped in 4K a piece to lease this software.... the developers wanted 200K and couldn't find a hedge fund interested in buying or leasing from them..... could be good or bad news..... this stuff still could be junk..... LOL

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What Does E-Mini Mean?
An electronically traded futures contract on the Chicago Mercantile Exchange that represents a portion of the normal futures contracts. E-mini contracts are available on a wide range of indexes such as the Nasdaq 100, S&P 500, S&P MidCap 400 and Russell 2000.
Investopedia explains E-Mini
For example, the E-mini S&P 500 futures contract is one-fifth the size of the standard S&P 500 futures contract. Advantages to trading E-mini contracts include liquidity, greater affordability for individual investors and around-the-clock trading.

some brokerage firms will allow you trade e-mini contracts with extremely low mounts of money on deposit, thus an e-mini offers maximum leverage with minimum investment.... an example from one brokerage firm might be $2500 on deposit to hold 1 contract over night without stops in place, another brokerage might allow you trade an S&P contract with as little as $1000 on deposit if stops are in place and trading occurs during normal day time market hours.... years ago i think one brokerage firm allowed trading one contract with as little as $500. on deposit....

what this derivative offers is 135 to 1 leverage up to 270 to 1 leverage. a trader trading just 2 e-mini contracts can make a hundred bucks if the S&P moves just 1 point in his favor.... with the S&P at today's value, 2 contracts equal an equity value of $270,000.00