Seemed to be working but then it went crazy and doubled down on losing trades which are still open! Use caution before subscribing and definitely add your Gen3 stops.
It had a good run from July to September of last year but since then, when considering commissions and the subscription fee, it has barely kept up with the SP500 index and is flat YTD. The last 2 weeks have been untypically dreadful but you never know...
This is a young, but promising, non-mechanical system by a developer who seems to take a cautious approach, an approach this reviewer appreciates. The main question is how the system will do longer-term. The developer responds to questions promptly. If the system continues to perform as it has, it will certainly warrant more stars..
Developer needs better money management--doubling down and letting losers ride is ruining what seemed to be such a promising system. Not wise to be in a volatile yen trade without careful monitoring of the position or at least some protective loss stops. Hope that developer learns so he can avoid following in the footsteps of many other systems which have crashed out in the last few weeks.
Holding onto a losing trade for days, when most trades complete in 5-12 hours: Bad.
Continuing to add to a losing trade: Bad.
Losing a whole months gains in one trade: Bad.
I have been with MFK now for a little less than 5 months. So far it has been everything one could hope for as there hasn't been any losing months as of yet. I am a realist, and don't expect the system never to lose money, as one can see it has since its inception. The developer has been readily available to answer any and all of my questions and very accomadating. If one is looking for a steady gainer and not trying to hit it out of the park all the time one should take a look at MFK.
Just one Word: SILLY!
Cant seem to figure out whether its coming or going.
And now the developer wants to charge an "incentive" fee by varying his rates based on previous months performance. So after losing 28 percent in March, what is the fee going to be next month? Minus $200?
This strategy is more of long ETF(since 2008) and less of shorting options. It shorts monthly of about 3 contracts that the profit potential is limited to about $61/mo to $150/mo. Not the profit potential from options that it implies. It does cover the low monthly cost. It is unknown how long you would need to wait to enter the ETF condition. Just not what I had in mind.
Very easy to follow and consistent. Not for those that want constant action. Nice intermediate ground between trading and investing. Does not require following during the trading day. No hard stops, but so far drawdowns are manageable.
I have looked at and traded systems for the past 5 years and Forex Special is the best one I have found by far I dont know why anyone would trade anything else Thank you Forex Special as I plan to include this in my retirement plan
Currently the best system on C2 that I can see. I autotrade and enjoy consistent low risk profits. Risk is strictly controlled at 1-2 per trade, rigid stop losses, limit orders and patience.... all of which is rewarded handsomely. Responsive, courteous developer not interested in flash in the pan performance but steady consistent growth. I will be increasing my exposure steadily to this system moving forward.
Very solid system. Limit of 1 average down trade and developer clearly manages very closely. No surprises... Profit ratio holds firm in the 1.4 range. I have been a subscriber since Oct 2010 and like the system.
I believe it is one of the best systems on C2, yet I am giving only a 3 star review for now. If the system can deal better with avoiding single blows in the future I would definitely rise it to 4 stars, even 5 stars after consistent track. Vendor trades on own account and is very committed to subscribers. Keep an eye on this system in 2011.
Since December 2009 there have been two profitable months out of 16. The annualized return since inception is 4.8% as of 3/20/11. This system is a disaster in my opinion!
Very poor risk management. No need to give a detailed review, all you need is to look at the last 15-16 trades and see what you are risking for one of the most expensive systems on C2.
Nice system with low drawdown which is very important to me. Good returns and fast follow up to questions. I wontt give 5 stars easily but will certainly be back to add the 5th one after 6mths if things keep going ;-) Keep it up.
Topaz has been an exceptional system by any reasonable standard. Though any system will have significant draw-downs, Topaz does an excellent job of recovering from the worst of them. The developer has also been quite responsive to my e-mails. The worst I can say is that the e-mail spam has sometimes filled up my inbox, but I expect this will be fixed.
Five Stars for an intelligent strategy and for customer service! I have been very happy with Topaz over the last few months that Ive been trading on the system. Its very easy to trade manually, and has become easy to trust. He knows when to acknowledge a loss, and when to capture gains. I wish I had found this system earlier!
Oh yeah... Performance has been excellent - the reason I subscribed in the first place!
Its too bad that was once a good system wasnt modified to follow some basic market timing stradegys. The market gains that could have been made since early Sept should have been picked up by this system.
They werent "Sad But True" so I had to give up on it.
This is probably one of the best combination stock and option systems on C2 at this time. The professional trader does not hide losses or hold them forever and is able to communicate in English. I love the fact that winners are greater than the stocks he losses on, and I rather hold a winner that goes up each month than a loser.
I am impressed with this system. Considering the very smooth equity curve, low drawdown's and outstanding risk reward ratios this is one of the very best systems ever seen at Collective2. Results in my IB account match C2 results closely. The developer is a nice person with great know-how in trading. All questions are answered timely. I agree with a previous reviewer: I wish there were more systems like this on C2. I'm giving it 5 stars and hope this brilliant performance continues in the future.