THE SUBSCRIBER PERSPECTIVE
Strategy reviews
Real experiences. In subscribers' own words.
Read what worked, what didn't, and what it was like to follow a strategy.
MORE Capital
ndxtrader
Well, not so good during the past month (note the equity chart is messed up on April 22). Extra stars for the honesty / openness to display the number of current subscribers.
The Cake
The system vendor is boastful, claiming to have found the holy grail of trading. As usual, the markets have their way of sobering up those who think they have figured them out. Just another loser I'm afraid.,
FFX Limited
Makes no money
MORE Capital
Takes small profits quickly and lets the losers run. Would like to see the opposite. It had nice gains during the market run up, but just making my broker happy now.
System 64862505
wow... good thing I bailed early. Just another system that got popular due to early lucky trades followed by the inevitable crash.
MORE Capital
I have been auto trading MORE Capital for 2 months now. My results have not been very good. Commissions, subcription and auto trade fees I dont think I have made any profits. 65 percent win rate and losing amount nearly equal to winners makes this system break even at best. How many starts to you give a system that hasnt produced??
B1Global
Blew up after a two-year long run. Developer sticks to his long-successful technical indicator system. My take-away: Since the market is always right, a trader has to allow for the market changing its mind, technically speaking, even after holding something as gospel truth for years.
Piston
This is a very efficient system. When assessing a system in C2, the single most important thing to me is the risk-adjusted return. I rather leave a few dollars on the table than have to endure a massive drawdown. In terms of risk-adjusted returns this system is all what I want. High Sharpe, very low drawdown (so far) and very few trades so I’m not making my broker richer. I’m making money and I’m not developing an ulcer every time the manager opens a position.
SuperrPips
I think the last reviewer must be a recent subscriber. This is a good system. Vendor uses stops and limits, winning % is higher than 50% and avg win is greater than avg. loss. Sharpe of 3.7. Anyone who has stuck with this system for at least 2 consecutive months has made money. You can sleep with this system - you are not going to lose your account in 1 day like you can with other C2 systems.
SuperrPips
With 60% profitable wins this system's average loss vs average wins is out of balance. Entry points were good but for some reasom the trader is not able to realize profts (above 40-50bps) but rather waits to the extreme and loses out in the end...I experienced a few time good profits that turned into bad losses just because it wasn't ralizing profits on time
BOB DYLAN SP500
Awesome system!!! Although it doesn't trade much, it handily beats the market & just about everything else out there. With an 11 year track-record, this is a proven money-maker over time! This is one of two systems that I actually trade on C2.
ES Ninja
"System Description: Professional ES day and swing trading." I am still wondering what was "professional" in this recently abandoned strategy...
MORE Capital
I've been auto-trading MORE for three weeks, and found it is quite good despite a drawdown recently. It recovered from the DD and still post more than 5% growth for the month. If the system keep running with earning more than 5% for months (I don't need risky bets for 20% growth), I'll be more than happy to change the stars to five!
B1Global
Overtrading = 2 stars. Erasing profits from past 7 months along consistent bad trades = losing an additional star. System overall rating for 2012 = 1 star.
BOB DYLAN SP500
After waiting almost four months for a signal we certainly were not disappointed with the outcome of the first signal of the year. It was well worth the wait.
Index Spreads
Index Spreads is one of the few systems that you can subscribe to and still sleep well at night It has a nice steady return and no big drawdown I'm delighted with Index Spreads and would highly recommend it
Joe
PIPALERT
Extremely dangerous trading system. Monte Carlo simulation shows probabilities of future account loss are huge, while average monthly returns during the last two quarters are only 3.5%. The question is not if, but when. We came very close to the end with 65% DD on just one trade and this easily could have been 65% or even more account loss. It was a miracle that we survive this trade. I would like to see vendor to go through 65% DD while is trading the REAL MONEY, NOT DEMO account.
Zetatech Trading System
I believe it will make money long term, but too much martingale for me. I got burned on those January 2012 big loses
PIPALERT
On 10/20/12 system started a trade which, by tripling down, risked $163,450 (a drawdown of 64.90%) in order to make $3,224 profit. Before that it also had huge drawdowns. Vendor does not seem to have much faith in his own system since he trades it with only one mini lot. Unless the developer pledges not to double or triple down in the future and keeps his drawdowns at a reasonable level this system is very dangerous. Caveat emptor.
Strawberry Rhubarb FX
As a former subscriber and still interested in the system I don't understand exactly the philosophy of Hicks. He writes:
"The model will not increase the initial position, meaning no cost averaging. Effective March 13, 2012, my protective stop will not exceed 50 pips".
But what I see is a loose of:
- 4/5: -83 pips
- 4/5: -71 pips
- 4/4: -67 pips
- 4/3: -67 pips
How is this possible? Not a good base for re-subscription.
Strawberry Rhubarb FX
Losing $10k in two days on an account of this size speaks to a lack of sound money management. If you do sign up, be aware that you are in a for a big roller coaster ride with your capital.
FX Ultimatum ( Terminated )
Vendor apparently tries to use his forex technique of adding to losing positions to his futures system. In addition he tries to hedge losing positions with the wrong spreads often using very illiquid contracts. Vendor does not trade the system himself so he does not have any skin in the game, I should have known better that an initial streak of luck does not mean anything. Maybe he will recover but I will not stick around to find out.
Strawberry Rhubarb FX
Mistakes are made, even by the most talented traders. Hans has shown an ability to do a remarkable come-back once before, and I expect he will again.