System 64862505
Down down down. Ring of Fire. And where she stops nobody knows. Thank God i pulled the plug before the last Gargantuan loss.
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Strategy reviews
Real experiences. In subscribers' own words.
Read what worked, what didn't, and what it was like to follow a strategy.
Ichimoku-Can
I suppose that I joined this system at exactly the wrong time. It has done nothing but drain off 50% of my account. It appears to be a computer automated system that is in serious need of a tuneup.
RR_AMCH
After I subscribed and immediately got hit with 5 consecutive losses resulted in 6,500US loss. The last 2 trades when it hit 2k loss, I shut down auto trade and liquidated to prevent further loss. This system is very high risk! and you can loss a lot of money in no time. Since I can sustain this loosing rate, I abandon the system. If you have deep pocket, you can stay through out to see if it can recover.
Strawberry Rhubarb FX
I really like this system. The developer is consistent and communicates regularly with subscribers. He does not average down. As with any system that targets very high returns, if the position goes against us there can be a quick drawdown. However, to date the system has always made it back to new highs rapidly.
System 64862505
From what I can tell the system was born out of 7-10 YouFunds. Each one is trading different small volume ETFs but makes most of its gains on TVIX. This one was getting the best results and so it was published over to Collective 2. It continued to get good results for about 30 days. Unfortunately I was paper trading at that time. Once I switched over to money trades, I only experienced spectacular losses in balls to the wall strategy with no stops and real money management. I would regularly wake up to 15% (on position) draw downs. The definition of insanity is doing the same thing and expecting different results. Be very careful subscribing to systems like this.
System 64862505
The system had a couple of outstanding months. But, as a friend once said, even a blind squirrel gets a nut once in a while. This system is gambling not trading. Direxion TNA/TZA hit the lottery several weeks back, now it stands on its own merits. Time is always the great equalizer…given time the flaws of this system are becoming apparent: very large positions, no stops, taking positions against plain indicators or with no indicator at all and (what seems to me) very emotional entries/exits – pride will steal your bankroll every time. I would have discontinued my subscription to Direxion TNA/TZA even if there weren’t ignored emails and a fee increase of over 70%, but in addition to the recent terrible trading that didn’t help. Look elsewhere.
System 64862505
Started out with outstanding results followed by a period of sideways performance and now is facing the test of sustainability..in terms of positive monthly returns.
Good news is that the system has protected against the dramatic losses likely with 3x leveraged ETF's..all -in-all a system to watch and tip-toe into.
FROG SP Daytrader
After seeing good stat, I subscribed to Frog SP Daytrader and unfortunately got immediately into a draw down and lost almost every trade. I reduced from 10 contracts to 5 and after a few more losses reduce further to 2 contracts and after some more losses reduced to 1 contract and still loosing. It was having good stat and reversed immediately after I joined. To me the stat that matter to me is the stat during the period that I subscribed and it did not turn out too well. From my experience most systems on C2 performed well for a period of time and then under-performed. So without long history, it's hard to judge the system's long term performance. For now I exited this system and looking out other systems to test out my luck
BOB DYLAN SP500
sp500-trading.com is a rare consistent moneymaker (trading futures) on Collective2, with a solid 2 year record. Due to the nature of it's buy oversold/sell overbought strategy, it does get into some deep drawdowns on occasion, so if you can live with the drawdowns, I would strongly recommend this program.
BOB DYLAN SP500
I chanced to visit this system provider website on Nov/6/2009, the website has a simple message
Are there any better systems of this type out there? I have not been able to find any but if you can let us know.
Till date my search continues,
System 64862505
didn't have much luck with this system and fees are increasing 70%. Difficult to manually trade. Cut and paste overview is difficult to understand. Vendor not particularly helpful with questions. It has had a couple of great months though.
S&P ETF TIMER
I used this strategy for 6 months and lost money.
Strawberry Rhubarb FX
Excellent discipline and great communication. This is still a young system but so far he has been able to consistently pull in 3-4 profitable trades each week. So far, I am a happy subscriber.
Alphergence - O2C
A very interesting system with good stats. Worth a close look. I would recommend it.
PIPALERT
A great short term trading method that takes advantage of volatility. As can be seen from the equity curve, taking advantage of volatility can lead to unconfortable riding of a draw down from time to time however with good knowledge of market behaviour this is benefited from historically with PIPALERT. Requires comitment and guts to reach well earned gains and enviable overall statistics.
Ichimoku-Can
After a very good stat, I joined in and then system immediately got into a BIG draw down, it got out this first draw down OK, and then another BIG draw down followed up. This one turned into BIG loss. I think this system got potential but very risky and probably beyond most subscriber's risk tolerance level. Most of us subscribers want to build equity slowly and consistently. From this lesson, I will never pick a young system with only a couple months history since it always turned BAD after I subscribed.
Futures Trader Daily Mini
Created after the bigger system Futures Trader Daily, we could have hoped for a good start for this one. Erratic equity curve, expensive stops. After nearly one year, this model is no longer valid, despite good looking backtests. It would be at least a nice gesture to lower the monthly fees, it no longer makes any sense.
S&P ETF TIMER
Nothing special here. Started out nicely but has fallen on hard times and has not been able to turn it around. In time it may be able to regain its winning ways but how long do you hang on?
Strawberry Rhubarb FX
A very well managed system with stop losses. I have observed sound and determined recovery when a trade goes into the red. If indicators are unclear, he does not trade which I appreciate and then he more than makes it up when he gets the green light. Clearly this manager is not only good at what he does, he enjoys it too.
Value and Trending Stocks
The system was doing well before I joined. In fact it was doing so well and the equity curve looked perfect. So I decided to give it a try. Soon after I joined, it started to go South as evidenced by the sharp downward slope on the equity curve. And this is just the beginning, it seem it is gathering the momentum to go down further. In fact it is happening to me more the once that most systems were doing well and after I joined, it start to behave differently. They are trying to prove to me that the warning on the risk of trading futures on every page is valid that you are likely to loose money. It's tough making money trading futures. I wonder how successful are people trading for a living?
PIPALERT
This is a total non technical review, justified by some recent unfair comments. I am autotrading this system. I closed that trade at a loss but relatively early, however past experience shows that this system has "hiccups" from time to time which are well recovered. I trust it will happen again. Unfortunately drawdowns do and can happen. At the end Pipalert is still up some +40% YTD, has more than two years of life and its performance has been positive: it has gained a lot of chances to show its resiliency. I can be wrong but I am sticking with it. All my sympathy to the developer in such a difficult moment.
PIPALERT
The trade currently at -39% was my first one with the system. Bad luck. I only lost 2%, with stop loss. I did some analysis on it and it's risk/profit ratio is about 5:1 avg. If it was 1:1, profitable trades = 40%. It's quite stupid to use martingale trading like this, but if you didn't see the crash coming, you need to look at the chart more carefully. Each drawdown was recovered from by 3x position reinforcement. Risky and stupid. Would be a much better system if it had some losses in it. It's not useful for trading but it's ok as an advisory indicator if you are trading FX. For the price of subscription, you can use it to support your own decisions. It had some good calls overall. That is, if it will not be shut down after this. Too bad,with some losses it could have been a good system.
PIPALERT
Basically you dont believe in stop losses because wow you only have 3 losing trades. Well crash and burn seems to be the route many go with on C2 and you def are a crash and burn mentality to make the "percentage good." No thanks anymore! Thansk for the little bump in money and then throwing it all away.
PIPALERT
Yet one more high flying system at C2 bites the dust. Unable to fathom the gunslinger mentality of most developers on C2. Just when things are looking good, they go ahead and shoot themselves and their subscribers. What a pity!
PIPALERT
I guess I will be the first to rate this disaster. The current trade should have never been kept open over the weekend heading into the EU Summit. It probably would have been prudent to stop all trading late last week. Certainly as an investor I could and should have stopped the trade on my own. High win-rate forex systems always end in disaster. This may not be the end of Pipalert but I have lost confidence in the system.