Re-posting the link to the spreadsheet I started a couple months ago.

https://docs.google.com/spreadsheets/d/1ZJ8y06rALN-1eUPX_1ZbAfJ4SPP1oM_LcMHg5fsLW_I/edit#gid=0

My main purpose for posting this originally was to try to get some confirmation in my understanding of the reversal system which was not available via Socrates support and this is the only specific trading strategy listed in the documentation (open a position the open of the next trading day and close at the election of the reversal in the opposite direction). But since this information is proprietary I do not want to continue to update with new information. I will close out the open positions when that happens, however, so I will do some updating. And, I will say that the major changes are for the weekly reversals in the DOW (bullish positions were closed out and bearish positions were opened and then closed out all with losses), the USD/EURO weekly and monthly bearish reversals were all closed out at $1.1343, and WMT had several weekly and a monthly bullish reversal elected so more positions would have been opened.

In my limited experience so far I do not believe that Socrates is a fraud. The monthly reversals have overall worked very well for the handful of assets shown here. Also, there has always been follow-through when all of the bullish or bearish monthly reversals are elected for an asset.

I also believe that Socrates is extremely complicated and getting started is completely overwhelming. There is a lack of support for users trying to understand how to use the system, there are bugs, there is limited historical data, no back-testing capabilities, and some critical information is not included that was available in the version WEC attendees were able to use. It also does not have any capabilities for screening assets. Even if you have the ability on your own to scrape the data it is too expensive to get access to what you would need (i.e. the reversals). It essentially feels like the system is still designed for institutional users who would have access to everything in Socrates.

I am currently trying to build a strategy, as alluded to but not well-described in the user manual, for using failed election of reversals which seems to have some promise. Again, the lack of back-testing capabilities and limited access to data makes this an extremely difficult task.

@bikefront @MTL4 Could you send me a PM? I have some questions for you on your experience with Socrates.