Michael Despott / Profil

As a systems designer, working in this space now for nearly a decade, I have evaluated hundreds of systems, countless libraries and products, I can save you a lot of grief and tell you now, very few systems, actually probably less than 1% are consistently profitable across all instruments!

Common mistakes made by system designers:

[] Over optimisation: choosing favorable date ranges!
[] Testing: Failure to perform rigorous real word testing!
[) Thorough and impartial evaluation!

What sets me apart from most developers is my genuine passion, combined with qualification in Quality Assurance, IT and financial services, I bring with me more than 20years experience in these fields, along with an extremely critical an analytical ability to perform any evaluation with honesty and integrity.

There are common misconceptions about the markets, algorithms and automated trading systems, most of what is being taught to retail traders is for the benefit of the educators, the brokers and the institutions, and not at all for the benefit of the trader.

I have developed the ability through refining hundreds of systems to be able to provide the best possible settings, for all currencies or indices, and I do so mostly through learned experience, as I have found more often than not, automated optimisation simply does not work!

My only guarantee is that I will provide you with an honest, efficient and thorough evaluation of your system and as part of my extended services, I am also able to help you refine it and where possible, make it profitable, suffice to say, some systems simply don’t work, in which case I can also help you develop one that does!


You must be honest with yourself, do you have the required discipline and control, to be consistent in your actions and thoughts, every hour on the hour, to not become emotionally attached to either a trade or a particular currency...can you remove yourself emotionally, become almost mechanised, robotic in your trading...if the answer is no, then maybe you need to consider using an automated system!