There are circumstances when it can be justified to start trading a new system even if it has only a short history on C2, for example, when the developer has been trading the system or a substantially similar system for several years with good results in his own account and provides good documentation as in this case. Confidence is further enhanced by knowing that he uses the same signals he sends to C2 for his own and family accounts. In addition, support for any questions and inquiries has been excellent. Naturally, the system has benefitted from the recent volatility of commodity prices but still has avoided sharp give-backs of the profits and has outperformed any other commodity system during its history on C2.
I am impressed with Topaz. Its very consistent, low risk and easy to use. I would recommend it to any level trader. C2 rating of 1000 is nothing to sneeze at.
Developer has stated that during the historical tests the down draw was as much as 45%.
★★★★★
Last day with Babson ETF. Started out with such potential but went down hill fast. Vendor seems to have lost interest as funds are mostly in cash. Wont get excited about short term results again. Good luck if anyone remains.
This one is a non-starter... does not justify the $199/month price tag... you can easily find better systems here at C2. In fact, you may be better off with a stock trading system -- less risk and cost -- than this one.
Ask yourselves two questions before subscribing:
1- Would you like to trade with an undisciplined vendor?
2- Would you like to risk more than 20 times than the reward?
If your answer is no for both questions, then never ever subscribe to this strategy.
Vendor should have learned the meaning of RISK before opening the strategy to public since you will have open positions with no stoploss during overnight without attending.
I believe this system will give mostly winning trades especially in a non trending market. There are no stops so more contracts are added as the Dax moves against the trade direction. This moves the average price closer to the current price.
The system will work unless there is a long trend with no semi major change of direction like the current market has for the last couple of months.
Soon there are many open contracts along with a huge losing position than almost anybody could be comfortable with.
I am unsubscribing for now but will probably rejoin after the government stops manipulating the market.
A very dangerous system, unless you have really DEEP pockets. I think this is meant for institutional investors with accounts in excess of a million dollars.
Previous review spot on. In my brief time with Dax Catching, trader would add contracts as it moved against him, resulting in the drawdown that began Oct 4, 2010. The market may bail him out, but its a risky system. System often trades one contract at a time, so there is no way to scale down from the current $1 million model account. Not appropriate for smaller accounts.
I scaled up 2 weeks ago and caught the upswing for this system.
The system is a "sleep-at-night" trading vehicle that also fits my IRA.
The system does what I have been unable to do..find a basket of the intermediate-term ETFs that are trending up...globally.
I like the inclusion of inverse and ultras, 2x and 3x ETFs.
Great methodolgy!
I have been a subscriber for several months. Some of them were positive, but most negative. I think this system was excellent when the market was driven more by pricing, momentum, and technical fundamentals such as slow stochastics. I think that right now this system is ineffective because the market psychology and direction is driven predominantly by the latest policy decisions and earnings releases. I will let my subscription end now until the system starts to be able to predictably function in the existing market conditions.
I have given this system all the time to recover that I can. 6 months of straight losses is just too much. I will contine watching the system and when it shows 3 or 4 months in a row of positive returns I might re-subscribe. Hope it turns around soon...
One of the rare ETF systems on C2 that is not only well diversified across uncorrelated assets but also practices rational position sizing and stringent risk management. A gem that is suitable for serious stock market investors but not for those who want hyper-active trading every day.
With developer dreaming of the coming market crash , account value shrink each day.
How long can it be learned that Mr. Market is always right? Anything blocking his way will be crushed, like a pathetic bug.
At this point ETF Timer has only 28 trades under its belt which is hardly statistically significant. This means performance up to this point may in all likelihood be just plain dumb luck. Just because the system has been around for a while does not negate the fact that there are not enough trades yet form an educated opinion one way or the other. At this point, IMO, it's just a crap-shoot to throw money at this system.
If you agree with the "system description" then this system for you but you have to have a strong stomach to sit through $2000 dd to make $100. Sooner or later one of these dd won't come back and will wipe out 4 months of returns.
Came over from the other version of ETF Timer but I think both of these will move about the same. The other system averaged 5 percent a month through 2008, 2009 up to June of 2010 which is very good IMO. It took a few wrong turns recently but I will hold out for a while to see if it comes back to its previous returns.
I disargee with the review below. ETF Trader did quite well before the 2008 crash with only one loosing trade until Oct. 2008. I am not sure why the system has not been working lately, but every system has draw downs.
★★★★★
This system has been a huge disappointment and quite disaster for me. I got lured into the system after that big hype during the summer only to find out the hard way that it doesn't have any investment strategy nor risk management. But I am most disappointed by the vendor's attitude. At the beginning he communicated with the subscribers and tried to create with youtube videos the impression of big all-around-the world trading firm, but ever since September the losses started to mount up and we never heard from him again. What a shame! Warning for everyone, do not subscribe to any system without some solid track record from which you can evaluate the investment strategy.
