The first 4 mos of this discretionary system were great, but June is a wreck: 36 trades, 26 losers. Avg win $71, avg loser $97. June weeks were: -$671, -$406, -$172, -$576 and counting. Drawdown is a normal process, but consistent bad performance almost every day this mo, 3 days out of 4, is worrysome. $185 subscription fee feels inadequate at this point. 3 stars, but only because of overall 5 mos performance, otherwise June is 0 stars.
The loss made in HRBN was very unluckily having a stock drop 50%. However to result in a large portfolio draw down of 17% does highlight system failings in either stop losses or position size management. 4 loosing months in a row wasn’t really the absolute return i was looking for.
Yet another high-flying C2 system bites the dust. This used to be a nice, steady system -- just look at the equity curve -- but now with a 35 percent max drawdown, in a matter of just a few days, its suitable only for gunslingers. Caveat Emptor!
Holy crap! I looked away for a couple of days and this system has just about blown out half of my account. Somebody needs to seriously reprogram the computer algorithms.
It is relatively easy to trade when market shows strong momentum in one direction but this vendor even cannot do that. He has absolutely no ability to read market direction correctly. He lacks discipline when applying his own rules. Result: wiping out 4 months of gains in a fortnight. Potential subscribers, stay away.
Vendor is extremely irresponsible at managing trades. When there is a losing position he disappeared and did not log on for almost half a month until the market reversed slightly in his favor then he came on to close the position. There is no risk management at all whatsoever. Just letting the losers run,
I think 89 percent is a high win rate, and unlike some other systems here it is not achieved by stubbornly holding through deep drawdowns. Stops are wide but at least they are there and respected. I think if the developer maintains this consistent approach this will be a long term winner.
Hubris! After a winning streak vendor apparently thought he had discovered the wholy grail of trading and continued with leaving large risky positions overnight and followed up with a flurry of trading which looked more like revenge trading. What a shame that he lost his discipline with a system that started out so promising.
This is a discretionary trading system so the consistency is not there. There were a lot of emotion involved. It is in the down trend right now. Results speak louder than words and past results are what we base on to chose the system
Went live in late May right before things went south, and am now down a lot of money. Sadly the system has been a big disappointment.
Seems to regularly increase positions in losing trades only to exit them soon afterwards at an even larger loss, and not infrequently allow winners to turn into losers.
Its not the only system to suffer in the current directionless market, but rather than back off, the system publisher is continuing to trade at a similar rate of 50-80 market orders per day.
Extremely poor system developer keeps on averaging down losing positions and does not exit winning positions until all profits are lost. To sum up the goal of the strategy is to not win.
System had a good initial run riding a strong trend in silver. When the trend ended, trading became frantic, always a step behind the latest small move. The result is the "death by a thousand cuts" current 40% draw-down in equity right now. Sharpe ratio has dropped ~four points so far during this period. Developer also has had a lot of technical glitches dealing with C2, one of which caused an automatic margin call a few weeks ago that liquidated all positions. Another reminder to stay away from newer systems until they have proved their mettle.
This system not only has a low winrate and a low sharpe ratio, not only it keeps the losing positions for a long time, it has a martingale-type position management which adds to the losing position. If you like a slow and painful wipe out go for this strategy.
I think this is overall a good strategy if it was not for those brokers like FXCM, MB Trading and OEC Equities keep on hitting those well set stops. There has been at least 4 trades where it could have been profitable or at least breakeven instead it loss a big amount. I personally use IB so I saved a lot of money on those trades cause IB does not try to hunt your stops. So instead of the flat equity curve had this strategy fully been traded on IB it would be slightly up right now.
Warning signs: Rapid consecutive trades in different directions as developer tries to find trend, developer changing his approach on a near weekly basis, referring to trades happening while he "had to step away," and openly referring to "young system" and "bad luck." If recent subscribers had followed his advice that it would be "okay" to trade 10K account at double the leverage, they would now be down 20% in a span of 2 weeks. How many consecutive "low risk" losses are subscribers willing to tolerate before it starts to occur to them that the "low risk" system is maybe not "low risk" at all?
If you like the "catch a falling knife" system of investing, perhaps this is for you. Not sure what the author is remotely thinking on his picks. This thing will lose 10+ percent even on market up days. Vendor would be much better off with stop loss instead of EOD. Giving it 2 stars because of the vendors history, but really cant say anything positive here. Been a disaster the 5 mos Ive subscribed.
Another typical system here at C2. Two or three months up with luck, afterwards collapsing like a dead horse. What kind of logic do these "systems" have? My conclusion is that no futures-trading-systems at collective2.com will live longer than 12 or 24 months. That's true. Every new person who enters this site should consider this.
System has duly blown up due to the vendor taking huge gambles and not managing losing positions and cutting losses. With hindsight, the "systems" early "success" was just luck which has now run out.
The developer is AWOL while the system is hitting a fresh 38 percent max drawdown. What else is there say about this much hyped system? Another one bites the dust...
Today is 1st of June, system has 1 open position since 23/5 with a -5.400 USD loss, -30 percent losses with only 2 trades within the last 10 days , last system developer login to C2: 5/25/11 13:40 - more than a week ago, no ... what should I say more ... the historical performance is very good but it seems RM Commodities is nothing more than a funny game for the system developer!
Very nicely done for the month of May! Market had a down month and this strategy is positive holding long positions in the market 100 percent of the time. If the developer can find some stocks to short to hedge against the risk of long positions this strategy can easily be a 5-star strategy.
The system developer is working hard to improve system performance by looking at historical statistics to look for an edge. He is not trying to draw fee from clients but rather is looking for clients with same goal to ride with him on this long trading journey. Currently the system is in a draw down and hopefully when the market return to normal and the system can return to profitable.
I have subscribed to this system and it is one of the best systems on C2. The return in May alone is second to none! The trader's methodology is very unique and lends itself to excellent returns. Of course, it has it's "ups" and "downs", but the "ups" far outweigh the "downs" and you'd be missing out on some excellent investing if you didn't take a serious look at this system!
