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About Us

ANDROMEDA & PEGASUS FUTURES TRADING SYSTEMS - BUILT TO LAST!

Fully Disclosed, totally mechanical, multi-market, non-optimized, simple rules. Verified by Futures Truth.

About Us
The Andromeda & Pegasus Trading Systems are distributed by Petros Development Corp., a U.S. company. Peter Waite is the company
president and the developer of the Andromeda & Pegasus Trading Systems. Andromeda was developed in 2001. It was released to the
public in April 2002. Pegasus was developed in 2003 and launched in October of that year.

A letter from the developer

My name is Peter Waite. I am the Founder and President of Petros Development Corp. and the developer of the Andromeda & Pegasus
Trading Systems. I first began trading in the Commodities Futures markets in the summer of 1991. I have traded several systems of
different types and trading natures: some good, some bad. I have both made and lost significant sums of money trying out numerous
different systems, techniques and methodologies. Clearly those that worked best were the long and intermediary term, trend following
simple systems with few rules and parameters and of course same parameter values across all markets. These systems were based on
solid trading concepts, solid logic and were profitable across a wide range of parameter values. Those systems that did not posses these
characteristics, i.e. the more sophisticated ones were those that lost money for me. Those systems that were optimized turned out to be
a disaster. After trading other peoples systems, making and loosing money with them, I decided to give birth to my own. The result was
Andromeda. A year later I followed up with Pegasus, a shorter term, intermediary term system to complement my Andromeda trading. I
consider Andromeda and Pegasus to be better systems than any that I have traded or come across so far. Of course I understand why
you may accuse me of being biased. To get an unbiased and expert opinion on my systems I sent the algorithms to George Pruitt at
Futures Truth and asked him to take a look at the code and conduct some tests. The reviews and test results were very positive and
encouraging, they also closely matched my own tests. Futures Truth can be reached via telephone at 1 (828) 697-0273 (U.S.).
I began to trade Andromeda live with my own funds in November 2001 and decided to make it available to the public in 2002. In 2003 I
followed up with Pegasus to complement my Andromeda trading. I am a believer in applying an effective systematic approach to the
markets, one that plays no role in any type of subjective analysis or decision. I do feel that based on my two decades of trading
experience, my many pitfalls, mistakes and successes, particularly in recent years where I have traded entirely based on systems, I know
what works and what does not work. I dont believe that anyone can predict the future, especially when it comes to the markets; there are
just too many variables. Trying to guess in what direction the markets are going is a waste of time, energy, resources and effort. I am not
so concerned about being right on future market direction but having the right mathematical strategy to make money. In fact Andromedas
and Pegasus's trades are typically around 40% profitable. Yet over time they make money. This is because when they are wrong they
quickly recognize it and get out, cutting losses short. When they are right they hang on for the ride and maximizes the profits. The results
are profitable trades that are much larger than the losing trades and hence good net profits over the long term. Andromeda is a long-term
approach to trading success and building up your account. Pegasus operates in the intermediary term time frame, aiming to capture the
intermediary term swings within a trend, and works well with Andromeda. Trading both Andromeda and Pegasus is the ideal marriage
solution since you are not only diversifying across different markets, but also different systems and most importantly different time frames
as well. Of course, either system can also be traded successfully on its own as well, although you would not be maximizing their potential
as when traded together.
This type of trading is not a get rich overnight scheme; it requires a long term commitment and discipline. The important thing with any
trading approach is not what percent of trades are profitable, how often, how fast or slow does it trade, or anything else besides one key
issue: does it make money. There is only one reason you should be trading for and that is to make money. Finally the equity curve must
be consistent; there is no use making all the money in only a couple of years and none the remaining years. Sure there will be losing time
periods, all systems go through drawdowns, but the overall equity curve must be relatively smooth and consistent.
In conclusion I feel that I can make the statement that I believe that there are only two ways to make money trading the Futures markets,
you either have access to insider or privileged information that the public does not have such access to, or you have a systematical and
disciplined approach to trading that has a positive mathematical expectation. I do not belong to the group with insider information; if I did I
would not have bothered to develop Andromeda or Pegasus. So my only other option was to approach the markets in a systematic and
disciplined fashion. I definitely could not just walk away from the Futures markets and go buy Microsoft and IBM stock. The potential for
profit in the Futures markets is just too great to ignore. The risk is also high but thankfully a good mathematical approach can greatly help
you control it.
Andromeda and Pegasus are both fully disclosed systems. As a trader myself I feel far more comfortable knowing and understanding the
systems rules and trading logic. I feel that black box systems are dangerous. You are completely at the mercy of the developer; you
blindly trust what was sold to you in the marketing materials and blindly follow every instruction the system tells you. Black Box systems
allow the developer to overly optimize and curve fit their systems, then manipulate performance results to show miracle hypothetical track
records. Since the code is hidden and the rules are not disclosed you will never know what happened. With Andromeda and Pegasus this
is not the case; as a client of mine you will know everything - nothing is held back. You will know what I know and nothing less. As a system
s trader myself, I know very well that this will make you feel more comfortable and also increase the odds of success!!
In the compilation of all of the informational materials, manuals and the website I have directed my efforts at not only promoting
Andromeda and Pegasus but more importantly providing an education. If you are an experienced individual in this area please accept my
apologies. I am aware that you may have read material that you quickly identified as something you already knew. It was never my
intention to talk to you like a 5 year old. This was a conscious decision. I wanted to reach the lowest common denominator, reach out to
most folks. I feel that where peoples hard earned money is on the line, it is better to say too much than not to say enough. I can rest
assured that if you have read all the materials from start to finish, you should have either learned something or have been reminded of
something you already knew. Even if you decide not to purchase my systems you will now know what to look for, what to avoid and the
right questions to ask. This alone represents a victory for me!!
Good Trading!
Sincerely
Peter

Addendum Posted June 15'th 2011:

The letter above was last updated at year's end of 2003. Since then Andromeda & Pegasus have performed as expected. Yes there have
been losing periods, known in our industry as drawdowns. All systems and traders alike have them and yes many traders fall by the
wayside during these periods of trial. But for those who have stuck to the systems and held on, you are now smiling your way the bank and
I congratulate you!
MORE IMPORTANTLY, WHAT HAS BEEN PROVEN IS THAT ANDROMEDA & PEGASUS DID NOT TURN OUT TO BE JUST ANOTHER 2
YEAR WONDER SYSTEM! Unfortunately the majority of systems break down and go by the wayside a couple of years after release. When

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About Us
they are launched they come on with strong advertising claims to back them up. Being the new sensation, the brokers jump all over them
and push them on their clients. Everything starts off great the first year, then Ok the second year. By the third year they are discontinued
by the developer, or more likely some new version of them comes out (where obviously they have been changed to keep the historical
performance results looking good). This is the typical pattern that I have seen repeated over the years, again and again and again.
There are many reasons why those systems fail. Mostly it is simply because they were overly-optimized or curve-fit. See our page Our
Systems vs. Others on this website for more on this. With Andromeda & Pegasus you don't get the latest new sensation or latest buzzword that is being marketed. You get old boring systems that have withstood the toughest test of all: the test of real-time, post-release
trading in the markets. And they have passed this test with flying colors. At any given moment there are hundreds of publicly offered
trading systems available. After all, how many of those are still around after a decade since release and made money consistently since
then?
_____________________________________________________________________________________________________________
Disclosures & Disclaimers:
FUTURES TRADING IS NOT SUITABLE FOR EVERYONE AND PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE
RESULTS. THERE IS RISK OF SUBSTANTIAL LOSS IN FUTURES TRADING OR WITH ANY TRADING SYSTEM OR PROGRAM. CAREFUL
EVALUATION OF YOUR PERSONAL FINANCIAL SITUATION MUST BE DONE PRIOR TO DECIDING TO TRADE IN THE FUTURES
MARKETS OR ANY GIVEN TRADING SYSTEM OR METHODOLOGY.
Please Note: All performance figures and illustrations were obtained using historical back testing on a computer and are not the results of
U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures trading has large potential rewards, but also
large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures markets. Don't trade with
money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures. No representation is being made that any
account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system
or methodology is not necessarily indicative of future results.
CFTC REQUIRED RISK DISCLOSURE STATEMENT:
NOTICE: "HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED
BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR
TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE
RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE
BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL
TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE
ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE
MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS
RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE
FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN
ADVERSELY AFFECT ACTUAL TRADING RESULTS
FUTURES TRADING INVOLVES RISK. THERE IS A RISK OF LOSS IN FUTURES TRADING
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
Copyright 2002 - 2012 AndromedaFutures.com. All rights reserved.

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