I have been trading this system actively for about 3 months and pnl-wise its performance has been flat for me. Despite that, overall I would say it's a very tradable system and there's hoping that the equity curve starts moving up again.
My observations:
* Generally speaking the stocks being shorted are available for borrowing in Interactive Brokers.
* I wouldn't attempt to trade it manually due to rapid exit order entry and cancel that often occur after the initial position entry.
* The system's profitability is cyclical (as seen on the equity curve) and dependent on market conditions.
* The developer communicates often with the subscribers and answers any questions promptly.
Hard to say anything meaningful after just 5 days, but sticking to facts: 23 trades: 6 losses 8 wins and the rest about BE. I would have made 1926$ gross according to the autotrade page. Not bad, and about in line with recent performance .Profit was all due to 2 Dax trades (1,708 and 1,188$ respectively) and the worst losses (-970 and -650) were both on Gold, which makes me wondering and prompts some more research on past trades
Needs to be autotraded, all the more so as it looks like it uses generally market orders. So you need to feel comfortable with autotrading
Overall I thought this is a good system. This test did little to change my mind
The reason I write this review is because I cannot understand why anybody would give a one star rating to a system with a performance record like this one.
In front af a 245 USD average win, a 2372 USD loss is definitely very high. This system is extremely risky and has not an efficient stop loss management.
Besides that, it has no support: I wrote an email to them the day before yesterday proposing a tighter stop loss and I didnt receive even an answer.
Keeping open a position over the week end is - in my opinion - very risky, I should say crazy. In detail, the current EurUsd short position today was winning for a long time; now it's losing and besides it's swapped over the week end, with nobody knows what possible news. Not good indeed.
I will not renew my subscription.
Great system. In February I set aside $160,000, the listed value of the system at that time. I caught up by buying the number of shares owned by the plan at that time and have since followed each buy and sell recommendation. Twice my emotions got the better of me and I sold prematurely and ended up buying back at a higher price.) In the four months as a member I am up over $43,000. I wish the rest of my money was doing as well. This system fits my emotions quite well.
I definitely like the system. I tries to catch extremes, where it is often successful. It is traded manually. The provider really cares and listen to his subscribers. - And acts accordingly.
Actually the system flatlined due to some unsuccessful trades in these stormy times. But I still think he handled it well.
I am now unsubscribing, as I currently see no longer an option for autotrading with IB, which does not encur too significant costs. - Otherwise I would stick with the system.
So, probably it will go up now again :)
Willing to accept larger drawdowns than this subscriber is comfortable with. Hard to see how all 5 of the indicators could have indicated a long position during this recent market drop.
This system does not work plain and simple. It has ridiculously wild swings and simply put will lose you money. The owner adds in new functionality almost at whim from his over eager group members. If anyone posts a negative comment he simply waits until the system is positive and rebukes the others statements. As of now this system has lost over 5% for 7 out of the last 8 months. Since the market bottom last March the system has underperformed the simple index buy and hold, by at least -20%. I traded this system for over a year and lost alot of capital doing so - I would not recommend this system.
I've been with ETF Timer for about 6 months and have been very impressed with its results.
It has several aspects MOST systems do not have such as: 1) Excellent Equity Curve with reasonable drawdowns. 2) Few trades for a swing trading system that allows for manual or auto trade options. 3) Exceptional communication from the developer. You know why he took action. 4) The monthly subscription is still very reasonable.
I have yet to find a system with such an outstanding risk/reward ratio and a developer with an even temperment. Believe it or not, he does not boast about his system. He provides helpful performance overviews, that's the most I've seen.
After subscribing for 14 months, my only regret is not allocating more money to this system. The system is easy to trade and trades very liquid ETFs, so slippage is not an issue.
I was first one to sign with this system. Within a month, I lost over $13,000, just because his computer had a virus. When it went down 154% with no stop limit, I got margin call from the bank and they closed my position. If you see the detail of his trade you will notice that he had the same margin call. I think he is using a paper money due to which his graph continued towards upward trend and shows recovery of that loss.
I will highly recommend that before signing up with any system just make sure you don’t sign with somebody’s system that is running it from home with 5 children or not being careful and get viruses. It’s easy for them to apologize because they are playing with paper money. It’s not easy for people who believed in them and put there really money online.
Agree with the other review - a knowledgeable trader running the system and a good back test but the reality has been very disappointing.
Does some rather odd things like going short after a large gap down in a raging bull market - that makes no sense and even the most junior trader would not do such a thing.
Had high hopes but rapidly losing confidence in this system.
A great trader, a fully automatized system, with good backtest results: so what is the problem?
Look at the equity curve and then you know: it does not work [actually I am relying here also on experience from Gen2].
Very positive market and the system is unsuccessful. - Not even break-even, let alone, recovering the fee.
Based on the simulations the system might be good, but it does not seem to work in real life. [While writing this, we are down $600 for the day and ~$1000 for the week....
Let alone the fees I paid for Gen3 and Gen2.. much money went wasted..
Even, if the trader is award-winning, the systems here certainly are not..
I started Autotrading this about 5 months ago. It has been relatively placid, which I dont mind. It has been profitable. I am pleased with the experience. This is not a get rich quick scheme, but it has produced steady results so far.
This is a good system. The only problem is after Collective2 skims off the additonal $2 per round trip contract and you pay the monthly fee you lose money. So if you are payng your broker $4 RT, Collective 2 gets another $2 per side. The total cost per 1 contract trade is $8
I dropped the system after it went from a fee of $60 per month to $60 per profitable trade. If you use a stop loss you will most likely stop out of your trade. I never got a chance to give a good review as the fee changed right after I subscribed.
This system has no risk management at all. It relies on waiting until the prices become profitable which may not always happen. Charging $60 per profitable trade recommendation is very expensive unless you are trading a very large account. This type of pricing further encourages the reckless risk taking behaviour by waiting until profitable to ensure the fee to the provider.
I have been subscribing to this system for few months. Although I was quite happy about it I asked few questions considering there has been an auto- losing trade of -3pips where I used a stop and manually got out with a +82pips .... disappointing for a ... "trending system" right!
Here was the answer I got from the system admin:
"hello,crystal ball fell on the floor and broke,probably good time to unsubscribe"
...Tells a lot. No matter how good a system is, ppl buy from ppl .... no more from that person.
I have only been subscribed to this system for a couple of weeks, but from my initial experience this system works exactly as advertised. The entry orders are limits, so my entry prices have matched those reported by C2. I have not experienced much slippage on the exits, since the stocks are usually very liquid. I also like that fact that the vendor has a site that reports more of the system details and backtest statistics. It appears he also waited to accept subscribers until after a year of forward testing, which indicates to me he is not just trying to make a quick buck.
Exceptional system and service!!! The system provider has very clever risk controls in place, which allows to control drawdown to acceptable levels. The equity curve is the smoothest one I have seen anywhere. Risk management is the key to the kingdom of financial independence.I love the system provider's feedback and market analysis, which he sends to subscribers almost on daily basis. Honestly, I have not seen this levels of service excellence in my life. No doubt, a five star system!!!
The Vendor has done a great job keeping us informed of how the system is working and performing. The trades, in most cases, are low risk and work out nicely. The performance is very good. I also like the fact that blogs and forum posts are writted by the vendor. This system is seems to be more for day traders and short term trading. I like this because it reduces the overnight risk.
I am very intersted in seeing how their 2nd swing swing trade system will work perform. They have wrote that this is more for overnights. Seems to be doing well now and will subscribe soon since they are offering a discount if you subscribe to both of their systems.
