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! I second that before you subscribe to any system, it should have at least six months of performance to be able to evaluate it's strategy.
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Thankfully, I sold off my positions and bailed out of this system yesterday. Holding a 3x leveraged ETF like TNA for multiple days is dangerous enough. But buying this stock on Monday at the high and then selling it off before a rebound today is just bad strategy.
Obviously this system is a perfect example of what others keep saying in the forums... A system should have a track record of six months or more before you consider putting your money into it.
Institutional Broker - Forex
many small gains, no stop losses! well, that's the road to disaster.
This system looked promising when I subscribed in July, but since then seems to have lost its way. I do not like how profits are taken too quickly as on 09-30-10 in the TNA and EDC trades.
ETF Timer
Im an amateur market technical analyst and I write a weekly market review on another website. Its clear to all of us that ETFtimer has had some problems with whipsaws lately, all systems do, and its my opinion he has missed a tradable intermediate term rally going on since the end of August. I consider this trivial. What he has done spectacularly well is that after the 2007 important market top he aggressively traded the 2008 downtrend with short funds, something I never had the nerve to do on my own, and then in 2009 he aggressively traded the rally off the important market bottom, all with excellent risk management and getting it right when it mattered most. I enthusiastically will continue subscribing to ETFtimer. Best to all, dww
B1Global
Slightly disappointing when one subscribes to a system for over $100 per month and it produces no trades. Do not be taken in by the high frequency, this system has only put in a few trades over a couple of months. Also interest that it made two of its largest profits on extremely risky trades.
Test Timer Ultra
This developer needs to do two things: 1) Create versions of ETF Timer and ETF Timer Ultra that are long-only (2008 was an anomaly; over the long run, long-only trend-following systems can produce strong risk-adjusted returns, whereas those that go short do not); 2) Only charge subscribers when the system is profitable during the 30-day subscription period (or switch to quarterly subscription periods and do the same thing). Until this happens, you can add me to the list of long-time subscribers that are done with this developer. I’ve learned a very expensive lesson.
VT26
Beware. I autotraded at 100% for almost a year, until Oct 2010. After deducting subscription fees, commissions, slippage, and losses due to occasional autotrading sync errors, I ended up losing $15,000 as net result. This is the danger of a high frequency trading system.
ETF Timer
Probably the best looking realistic graph on C2 for 2 1/2 years. Simple to follow, scaleable, and liquid system. Alas, it has reversed. Its a tough call when to leave a system. Is short term underperformance an aberration or the start of a trend? For me, for now, its time to move on.
Option Timer
Third succesive month of losses now. The vendor lets losing trades run deeply into losses, more than wiping out the premium collected from the other tardes. The trades seem to be done based on hunches rather than with any underlying strategy. Exmple: the system sold a put on the VXX on the basis that the market had become "complacent".
Option Timer
strategy failed miserably, period.
Test Timer Ultra
The vendors indicators have stopped working, which he stubbornly refuses to accept. Time to move on.
Institutional Broker - Forex
Very impressive performance. One of the best here. The developer has been able to pull off some deep DDs. Wish he could leave couple trailers to get better returns and offset trading expenses which takes out about 20 percent of GP.
TSX
Developer has solid money management skills and methodology. Win/loss ratio, profit factor, and sharpe ratio will say it all. Easy to contact developer, and he answers all questions quickly and professionally. I'm giving it 5 stars for now and I hope this performance continues in the coming months.
LongRun Special
Previous reviewer's broker unable to find shares to short. I have had no such problem with Interactive Brokers, and am very happy with results achieved in the month I've been following this system. Trades are very infrequent and easily handled manually. System is not suitable for IRAs due to short equity positions taken.
LongRun Special
The numbers look good but unfortunately the trades are impossible in actual trading. This is due to the fact that the developer makes a lot of his profits in not tradable short positions. My broker continuously tells me that the stocks to short are unavailable.
Test Timer Ultra
System developer has a lot of class and integrity and communicates well with subscribers. His indicators are not working any more.
We do not have a free market these days. Prices are not discounting to fundamentals but are based upon how much liquidity is provided by the Fed to its primary dealers or investment banks, primarily through its POMO activities, which now represent over 70% of market volume. These dealers can bring on a flash crash any time they choose. A system like ETF Timer/Ultra that is either all long or all short but not hedged is just getting chewed up.
I'm sorry to be unsubscribing and would consider re-subscribing if the markets ever regain some semblance of order and fair dealing.
Test Timer Ultra
This system is nearly identical to the developer's other system, ETF Timer. As you can see from ETF timer, his signals have stopped working since mid-year and have been consistently losing money. I am unsubscribing.
Glory Trades
Does not appear to be supported any longer. Looked good and got off to a good start plus vendor seemed responsive. Then no trades or responses for several weeks.
This system is not appropiate for a retirement account because of the large and frequent trading positions you will be kept out of trades until the funds clear. Entire trades can be missed or be in a trade a couple of days late. For auto trading you will be receiving an email every 30 minutes reminding that you are out of sync. The chart shows the results of the picks.
ETF Timer
The vendor seems educated and good-intentioned, and he didn't overreact or go crazy when the system started going downhill. However, the bottom line is that we are all here to make money, and this system hasn't been profitable for months. It is argued that this system only works during trends, but we've been in an uptrend for a month and a half now, and the system still didn't create profits. In fact, it created heavy losses.
ETF Timer
I've had enough . The performance of this system through 2008, 2009 has been nothing short of exceptional. However it seems very much trend related , and has been killed by range bound markets. Let the trend be your friend unless it bends or ends...
Test Timer Ultra
Rubbish, might have been good before, but has lost the plot.
ETF Timer
Dang...feeling lots of pain here...still subscribed but a bit worried that the weekly trading reports have not been delivered for the last few weeks......dont want to think the worst....
Nice salesman. This is totally random trading system. Buy high and sell low. Bason system is emotional trading at best.