Ask Colin

What can you tell me about some trading software called Pro Trader?

I do not have any first-hand experience of this software.

Please read the article on computerised trading systems on my web site (www.bwts.com.au) and also the ASIC warnings there. Also, see my Email Newsletter No 13, which also comments on computerised trading systems. It is on the newsletters page of my web site.

Then have a chat with the ASIC and see if they have heard of the software, of Frank Watkins and whether he is licensed.

If you are still interested after that, I would be asking to see some audited trading records that back up the claims on returns. Don't accept theoretical testing on past data - that is a common trap. Only the real thing counts.

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