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As suggested, it is based on spread-betting the DAX, according to quite a simple premise but a fairly complex set of rules to decide when to bet and how to manage the trades. Certainly it is well written and presented and is clearly the result of quite a bit of work. That said though, I have paper-traded it this last week and,if I have interpreted it correctly, it would have resulted in four days of no bets, and a one day loss. I will monitor it a bit longer and then report back.