About Us

The Andromeda & Pegasus Trading Systems are distributed by Petros Development Corp., a Florida company. Petros Development Corp. was founded in October 2000 by Peter Waite. He is the company president and the developer of the Andromeda & Pegasus Trading Systems. Peter is also a CTA (Commodity Trading Advisor), registered with the CFTC (Commodity Futures Trading Commission), which is the government entity that regulates the Futures industry in the United States. Until 2001 Petros Development Corp was a consulting firm and sub contractor, offering custom programming services for corporate clients, primary contractors and other consultants. Andromeda was developed in 2001. It was released to the public in April 2002. Pegasus was developed in 2003 and launched in November 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 people’s 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 (1-828-697-0273) 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.

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 12 years 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 don’t 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 Andromeda’s trades are typically slightly less than 50% profitable while 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 and works well with Andromeda. Trading both Andromeda and Pegasus is the ideal solution since you are not only diversifying across different markets, but also different systems and most importantly different time frames as well. As for Pegasus on its own, it makes an excellent "Starter System" to trade on its own, especially for small accounts. Due to its nature as an intermediary term system it has a low tolerance for drawdowns.

This type of trading is not a get rich overnight scheme. 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 system’s 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 people’s 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