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Author: Rayvt Big gold star, 5000 posts Top Favorite Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 250226  
Subject: Re: Algorithmic trading / backtesting - RIZM Date: 9/7/2013 9:27 AM
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"The pitch: For $99 per month investors get quick cloud access to sophisticated algorithm-building tools and the capability to back-test strategies. You can easily generate rapid-fire executable trades, sans emotion, and place them with an e-broker. Suddenly the notion of blasting out math-driven trades like über-successful quant hedge funds, such as James Simons‘ Renaissance Technologies, are a few clicks away."

Wow, this pitch sounds just like the list from an article I read yesterday, "Ten tipoffs to recognize a scam."

First thought though -- this sounds like a tool that will test dozens or hundreds of factors, looking for a combination that will have good backtest results. IOW, you spend $99/mo for a data-mining tool.
Whatcha wanna bet that it will find factors like "CEO's wife's brother has red hair."
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