Next week, I will be reviewing a software package from Hawk-eye Traders. Has anyone else heard of them? Here is their website:
www.hawkeyetraders.com
Although I am quite sure I will be very impressed by their software per-se, I am very suspicious of their sales model. They don't sell you the software, they sell you a "membership" which costs $5000 and you have to do a 2 day trading seminar before you can join. Apparently, they are soon releasing a software package that is almost entirely automated. It will pick, set the price target, set a stop-loss and sell. Hawk-eye Traders will take a commission for any profits you make off this system. One of my big questions will be "Will I be reimbursed for any losses incurred?".
From what I am hearing, this software falls into the 'too good to be true' and 'too expensive to take the risk' basket. But there are quite a number of people who are very keen on the product.
I will be getting a personal tour of the software next week. If anyone has any good questions I should ask, let me know. I'll let everyone know how it went and my opinions.
