NEW YORK, Aug. 25, 2005 (PRIMEZONE) -- MEK Trader Inc. ("MTI") announced that it has successfully launched its Dow Challenger trading platform that has provided higher returns than the Dow Jones Index by selectively trading the 30 Dow stocks. While running internally, it has seen returns of 11.3% YTD.
The Dow Challenger trading system focuses solely on trading the absolute bluest of the blue chip stocks and provides buy and sell recommendations on individual components of the Dow to avoid stagnant trading ranges of the index. Investors benefit because it simply ignores the archaic price weighting of the Dow Jones Index and identifies the current winning components.
"Our Dow Challenger trading system has provided over 45% return in 2003 and over 28% return in 2004, which is considerably higher than the Dow Jones," said Aron Govil, CEO of MEK Trader Inc. "We provide above average realistic returns to our subscribers without having to pay huge asset management fees or commissions," continued Mr. Govil.
MEK Trader Inc. is the leader in the new trading revolution. The trading systems and proprietary market trading algorithms have been in development for nearly a decade. Each MEK trading system incorporates the latest advances in Market Scanning Technology, the best elements of Fundamental Analysis, and the core tenets of Technical Analysis. Their methodology also takes into consideration the newest breakthroughs in Behavioral Finance along with cutting edge Charting Techniques and Custom Indicators. The research and development gave birth to 100% mechanical trading systems which generate high-probability, low-risk buy and sell signals, focusing on stocks listed on the NYSE, NASDAQ, and AMEX exchanges.