You claim that your software requires no subscription, but it still expires after one year and then it is useless
Yes, there is no subscription for my software. You buy the software and you use it for ever. The copy you buy will work with price data for up to 12 months after the date of purchase. This date (12 months after the date of purchase) is called "expiration date" simply because when you try to apply Daedalus in a chart having price data for dates later than the expiration date they will not work. You can however use the "expired" copy of Daedalus for evaluating past charts.
Usually, subscription software must periodically connect to the vendor's website and check the subscription status. If the subscription is expired the software stops working completely.
My software will not connect to any website asking for permission to run and it will not stop working for charts having price data for up to 12 months after the date of purchase. (The evaluation copy of Daedalus has expiration date : January 2007. You can download it from www.daedalussoft.com and check how it behaves)
The "expiration date" feature of the second version of Daedalus helps mainly in preventing the unlimited and endless distribution of illegal copies without any remedy for the developer.
Why would anyone want to buy something that expires in a year?
here is why: http://www.daedalussoft.com/PerformanceScreenShots/ScreenShotsIndex.html
Your site seems to make little or no reference to the "possibility" that you have a defined program or process for issuing the product every "year". Or it could be perceived that after you've played with the product for a few months you are not likely to want to buy it for another year. After all, it could be quite bothersome to build a trading plan around a product and spend considerable time learning, testing and applying the product then being successful with it, then find out that it's not available after year 1 or year 2 etc. In essence the risk is not simply the loss of a few hundred dollars but the loss of the time and effort and the fact that the trading platform could be threatened if the vendor is not in a position to continue with the product. This is in part why some individuals choose products such as Metastock. It is because they believe that Metastock will be present for a long time.
Yes. It is not clear that the product will be available say 10 years from now but before I comment on this please consider the following two arguments:
Daedalus
is not a mechanical system but rather a set of tools which help to
easily analyze situations, and fine tune the timing. It does not
touch concepts like trade setup, money management and trade
management so a general trading methodology does not become cripple
without it. Also, the core part of Daedalus is quite easy and
straightforward so, no much time is needed to be familiar with it.
As an example, the TCI indicator is primarily used as a substitute
of the popular 200 day moving average which is used in stock indices
to provide the general trend status. TCI significantly reduces
whipsaws. PID and Reaction Bands are a form of overbought/oversold
indicators.
What is the problem if you will be able to use Daedalus for say just 2-3 years if you are really going to get good profits for this period? Say you have an indicator which you know a-priori that it will provide solid profitable signals for the next 1 year and then it will stop function. Wouldn't you start using it now or not? What if a great trader is willing to share its trading decisions only for the next 6 months for a fee and you believe you are going to benefit from his trade selections. Wouldn't you subscribe to his newsletter or not?
The first version of Daedalus (which didn't include the PID study) had a one time price fee of 735 euros and it had no expiration date. The second version has expiration dates for two reasons:
(a) Lower the cost
(b) Limit the loss due to unauthorized distribution
I don't try to take a quick profit from unsatisfied customers who will abandon the software after 1-2 months. I use an easy way of distributing Daedalus (that is, paypal settles the payments and the software is downloadable) so, I will generally feel reluctant to seize its distribution in the future. There is however the possibility of assigning the distribution to some vendor.
In any case, I cannot guarantee for sure that the software will be available for the next 5-10 years in its present form. Although I assume no obligation to continue distributing the software in any form, it is likely that if the software is about to stop being distributed completely, a final version of it with no expiration date will be available to dedicated customers.
Some add ons build their systems around the Zig Zag indicator or some variation thereof. The net result is that the "results" all look phenomenal on historic data but at the right edge of the chart the results can be dangerously misleading.
Daedalus makes use of zig-zag type indicators only in basic chart tools such as support/resistance and breakouts but no form of hindsight of future data (that is, data not shown on the chart) is used to produce support/resistance levels. Daedalus does not use zig-zag in TCI, PID and Reaction Bands. You can download the evaluation version of the Daedalus Add-on and check its coherence with the past values. Change the last date of the chart and verify that past signals of PID, TCI and Reaction Bands do not change when new price data are added.