S.T.A.R. Trading System

Hello.. I recently came across this S.T.A.R. Trading System or Super Trade System .. http://supertradesystem.com/index.html and wondering what others here have to say about it. Supposedly instead of using Moving Averages, like most robots this is based on Elliot Wave principle and its some kind of mechinal robot. I also have reviewed write-ups what people posted on Forex Peace Army... http://www.forexpeacearmy.com/public...radesystem.com

Just wondering what people / traders have to say about this particular system or others in general.. are they a SCAM.. or do some really work?

A simple method only using Moving Average?

I am the author of the Supertradesystem and the New Elliott Wave Rule.

Please allow me to point out some things that Supertradesystem or Super
Trades At Retrace (STAR) is and what it is not.

Although to write a new rule for Elliott Wave means I am deep in EW, STAR
does not use any EW counting or rely upon it.

The fibonacci relationships that make EW work and in the market already
are used by the tools that are provided. This is a manual trading system,
not a robot of any sort.

The indicators allow speed changes to be analyzed. Each new wave runs
at a different speed and arbitrary bar sizes will not be able to capture the
signals the market sends out without matching your tools to the varied
speeds first.

That's the secret sauce to STAR. It basically decontainerizes the data
and translates out to you a speed analysis.

STAR uses the first tool to extract the speed info from the market to
obtain the settings you need for the signal tool. This is what gives the
system its accuracy. No simple momentum indicators can do this because
they too are "dumb and blind" to the speed changes.

If you simply take an arbitrary timeframe to apply your analysis technique
you will only be able to have accuracy if you are lucky and your pick
happens to be the same speed match this time. Unfortunately this approach
is wanting because the speeds which the market can pick are many.

Cheers,
Cyclon