Traders seem to know what they do, the results are in line with what is reported on the site, although there are often false prices. Unfortunately They do not respond very happy when we ask for explanations of how they think to defend the portfolio against "blacks swans"----- they are always full of naked Put far of the money ------
Month of May has been bad for the system: 36 trades closed, only 8 winners. Avg May winner is $305 and avg loser is -$190: bad. Right now there are 19 open positions, out of which only 3 are short, making me feel unconfortable if market goes further down. In conclusion, next two weeks will determine if system is worth 3-4 stars or if it is simply not capable of dealing with other than a steady trending market.
Based on the historical data, this system has been going pretty good up until now. The average trade is about 7-8 per month and average profit is $40. The losses are so huge that it will take about a month or even more to earn back the profit. The risk reward ratio does not seem so rewarding... Might this be the end of this system?
This is the best system on C2 in my opinion and I think the previous reviewer had to reach pretty far to give it a 3 out of 5. It definitely deserves much higher. This system has low risk and high rewards. The stop losses are very rigid which keeps the risk per trade minimal. He only trades one pair, which allows him to follow much more than just technicals. His trade logic and intuition is great and he knows when to get in and out of a position. Through the system forum he tells you why he made the trades he did. 6 out of 10 trades are good, but 1 out of 10 is REALLY good and you'll often make 3-5% in a few hours time. I've made a lot of money on this system and hope it continues to perform as well as it has so far.
A disciplined trader managing downside risk very well. Is aggressive enough to increase risk on a trending market and to let profits run. He has overtraded a choppy market resulting in profit reduction. His base account funding magnifies results, but actually could mean total loss of funds if he had a losing trade at max risk. Record is short, but very promising.
Exceptional system! I had been following it for the past 3 months and have been a subscriber for the past month. It has the marks of a true professional-captures the bigger market swings with most trades yielding profits of over 100 pips. The past drawdown was caused by using higher leverage, but now I see that the developer has reduced leverage and the system is still up close to 100 percent for the month with minimal open drawdown. It is not a scalping system and therefore is suitable for both auto and manual trading. I trade the system manually and fills with my broker-FXCM are very close to the C2 fills for the system. Without a slightest shade of doubt a FIVE STAR system!
Daves YI Auto had a nice, if short, 14 trade history. It gave you an idea of what was shaping up to be a promising system. However, at the beginning of May, he changed his algorithm, essentially ending the previous system, and starting a new system, using the same name and piggybacking off of the previous successes. Unfortunately, it appears this new system, 0 for 4 trades now, is now headed in the same direction as the rest of his systems. Going down anyone? Remember the first 14 trades no longer apply.
Been with it for a month and even though it it's not been a great month the vendor keeps subscribers up to date on trades and adjusts accordingly. He has a trading plan which he sticks with which makes me feel confident in his progress. Easy to give a winning system four stars but even though this system has been sideways lately and I'm still giving four stars
I like the approach of this strategy. It buys the dips and sells on the rebound. Historical results are quite good and my real trading results confirm that. There are two main drawbacks. 1) It is very difficult to trade this strategy manually because there are so many orders every day, sometimes a large number arrive intraday; 2) due to the large number of open orders, this strategy uses up a great deal of buying power relative to the actual number of positions held. My brokers reduce BP for open orders, so this system is not a good fit.
I recommend trying this system if you are willing to autotrade and if your broker does not ding your account for open orders.
Although a fairly consistent strategy, the developer seems to be more worried about collecting $349 from his subscribers every month rather than limit the number of subscribers to reduce slippage on fills.
vendor use stop and market order on thin markets result in slippage eating away all profits. If the vendor consider using limit order for entry perhaps the system can be profitable again.
Ride the trend is new, but it has been able to make a decent return so far, and has avoided the large draw downs which some of the other trend following systems have experienced lately.
Tera Qubes has been an nicely profitable system so far. Of the 3 other (winning) systems on collective 2 which go long/short broad indexes, Tera Qubes is in the top 2 for the time it has been around. I also appreciate the notes providing commentary on the markets.
It seems vendor got distracted in April as losses got bigger. Due to poor win ratio, average win should be much greater than average loss which was the case until April. I hope vendor gets back on track again. At the moment, it is just an average system.
A tiny jewel, which I think of as a dividend booster for an underlying equity position (or possibly as a way to get a respectable amount of interest on a hunk of cash) called the "covered position." Preferably the covered position will be a semi-permanent stake in 100 shares of SPY for each option contract traded. I believe the developer here has transcended much of the risk of collecting premiums through option writing, albeit by settling for tiny but steady rewards. Still, with a thorough understanding of what to expect and, more importantly, what not to expect, you too may find this system a little gem.
One trade wipes out the prior 16 months of profits ($489 when you consider typical fees of $1/minilot and the $150/month subscription fee). Most autotraders were trading more than 100% so the subscription fee would be less significant for them but even any of those who started trading this system recently are probably hurting.
As a recent subscriber to this strategy I am very happy about what I am getting for, so far. Very workable recommendations, even for a manual trader, good risk management, trades not not so frequently. Add to this an exceptional value for money: hopes it continues. Keep it up!
I'm surprised that for a short term trading system, the trader wasn't paying attention to what was going on in the currency markets. Nor did the developer put a stop loss until more than 3.5% was lost in the matter of hours. I wish the trader would have cut his loses as soon as he noticed that he was on the wrong side. He should either put more aggessive stop losses or get out of the trade early by being on top of things. One trade shouldn't wipe out gains from last 10+ in a matter of a hours. On the positive note, his overall performance still looks good but I hope he revises his strategy based on this experience so he can continue delivering superior trading system.
Forex Special’s record speaks for itself. As of 5/6/11, there were 6 losses (the 3/28/11 loss was due to a C2 error) out of 134 trades for a ~94% success rate. Of those 6 losses, the AVG draw down (dd) was 1.22% as a % of system equity. Historically, 8 trades had dd of 6% or more and the largest dd was 12%. ALL were eventually winners. The system developer has advised me that his current risk level is about 6%. The current (5/3/11) trade dd is ~4%, which is perfectly acceptable. In using terms such as “time bomb†and “blown out,†the recent negative reviewer demonstrates his failure to manage risk, with no one to blame but himself. The developer communicates promptly and clearly to subscribers, and has been most helpful and patient in his communications to me personally.
This system is a time bomb that just went off. Achieves many small gains by not adhearing to a reasonable stop loss. This works for awhile until the major trend changes then subcribers get thier accounts blown out. Sends a notice to subscribers ..I don't want to take a loss on this trade ..do what you feel is best .
System developer has an impressive background in trading, 3+ years of a model of this system trading his own account, all on record at other platforms. A newer system here at C2, and the equity curve looked a bit choppy by the all whipsaws in the commodity markets lately, however, I still felt comfortable starting this system now. This developer has the goods to deliver, if given time, and I am happy to see him and his efforts at C2. Also, the trade sizes are fixed and do not change per the equity, which is the way systems should be traded. No criticisms to note as of yet, and the developer has been very responsive to my questions.
I am sorry to say,
but this morning (ET 5/2/11 3:02) a huge loss was incurred due to a wrong signal resulting in a loss of -130%. I know because I subscribed to this system. Clearly a mistake. I don't know whether this is due to Collective 2 or the system developer, but it would have been wiping out your account in a matter of minutes. I have traces, for the interested...
Any case, a few hours later , statistics are corrected and do not reflect any longer the real situation... Do not trust the statistics on this system, they are not reliable any longer..
