I've never found a system for cloaking affiliate links that was not without its deficiencies, so plentiful are the obstacles to overcome.

To get over the parasite software obstacle you may be using software called Covert Links. There are 2 problems with this, one is that it requires Javascript in order to work and another is that you have to show your affiliate page under a domain name that you own rather than the vendors domain name.

A new software called Phantom Link Cloaker (I don't own it nor am I an affiliate for it) claims to dispense with the former drawback but it still retains the latter.

It occurs to me however that if Phantom Link Cloaker lives up to its claims then this software could be combined with cookie stuffing to overcome every cloaking problem an affiliate marketer faces. I'm not advocating cookie stuffing here, I use a free method on my own site, its just that I can't think of any other possible solution to all of the link cloaking problems without it , can you?