Considering overall Risk Reward ratio of the strategy and smooth equity curve, Zero is a good stock trading strategy. So far I rate it as "Very Good" because I am not sure how it will perform in bear markets. For example, during Nov 08, it performed badly when Nasdaq dropped 372 points from high to low whereas in Feb 09, it performed well when Nasdaq dropped 200 points. So I need more evidence re. how the system is performing during those times as this is a long only system. If it passes that test, too, then it certainly deserves five star rating.
Considering overall Risk Reward ratio of the strategy, smooth equity curve, consistency in all market conditions, not taking overnight risk by closing the positions during the day and vendor`s responsiveness, RD30 is a perfect strategy for every trader/investor who has varying risk profiles.
Looks good on paper, but uncontrolled stop losses make this a dangerous system. First trade with system was a big loss for me.
1601040972 GBP/USD 100 S 1.58872 1.61654 -278.2 -2,782.00 -7.20 12/29/2009 20:31 12/31/2009 06:11
i'm currently testing daily income. i am a tad short of putting my review at exceptional b/c i haven't finished my testing phase; but the admin for this system is fantastic. he really cares about his subscribers!
System supplier does not care about other people's money. Look in his description of minimal account size of 50k. The current drawdown is much bigger. Only gambling with numbers.
Well managed system, easy to trade, friendly vendor, an equity curve that is about as good as one could realistically expect. Am I missing something? Yes - I was on the sidelines for a bit too long. IMHO you will struggle to fnd a better system on C2.
I'm very happy with ETF Timer. Unlike so many other vendors here who talk a good game (way too much talking) while their systems are junk, this vendor remains quiet and lets his systems' performance do his talking for him. A stellar year in 2008 and a fine year in 2009. Well done!
i think the system developer is trying very hard. maybe too hard. the system seems to exit winners but add to losers. so, when it takes a hit, it takes a big hit. also, it seems the amount of contracts traded has increased significantly in the last month. i think its still too early to tell if this will be a robust system. i believe the developer will continue to work on it. i just think the system is not for everyone, myself included, but if you want to sling some minis it might be for you.
Great great system, high success rate, but has a problem, need an account with more than 25000 $, because because if trades for more than 5 days with 4 stocks while the U.S. law that requires the availability of minimum.
Appears to be abandoned - no trades in over 2 months. Shame as it was a good system based upon Fib/EW analysis. Vendor should shut it down if it's abandoned
Previously good system has fallen on hard times - was an active trading system (hourly/daily) but has stayed short for almost 2 months - the trade has gone from a loser to winner and back to a large loser. Frustrating it didn't get out as a winner (with the market very oversold). I'm willing to ride out drawdowns but 2 month holds are not what I signed up for with this system. Wondering if the vendor has completely abandoned this system as it appears there has been on C2 logon in almost a month
I would have liked to continue with this system but something is wrong with the way orders are placed, sometimes I end up with 3 contracts while there should be only one. Unfortunately the vendor does not respond to messages - therefor I regard continueing too risky.
This system lost me money, although to be fair, I only traded it for about three weeks. Couldn't bare any more losses. There doesn't seem to be a clear trading strategy here. The biggest dissappointment was that although I autotraded using a GEN3 system, rarely did I ever get a fill at the same price as the system. No fault to the system in this case, but nonetheless, it didn't work for me.
Even does not deserve one star. System description full of crap such as 10 points gain almost every 24hr cycle (losing since Nov 3rd), no weekly loss (removed later this, but we are about to have two weekly losses in a row), only one loss in a month for night signals (we had 4 in a row in the last 4 days) etc. When you ask about these, all you get is excuses.
System owner promised 2 signals per night but when successive losses started, he invented a third signal at 9.30am, so he is changing the rules to save the day. He is completely lost and not following rules when things go down. NEVER EVER SUBSCRIBE TO A SYSTEM WHICH DOES NOT HAVE A PROVEN TRACK RECORD. Instead of paying too much attention to fancy payment methods, system owner should focus on system performance.
Original review 7/9/09: "What a disaster. Don't be fooled by the performance figures; they are very misleading. Regularly gets direction wrong, then just keeps adding to the position to average down. If you have a small account, it's impossible to keep up with, so performance is actually far worse. Look at 7/8/09 GY trade; drawdown of 522 pips! This averaging down often works out, but it only needs to fail a couple of times to wipe out your account. Look at Jan 2009 performance; gee, I wonder if that will happen again?? LOL Despite the arrogant note left by the developer on home page, this is a very dangerous system. Stay away."
Stopped trading the system: overall results are not too bad, if you like at the performance curve. However, if you make a personalized one, that factors in the commissions, etc. you see that it is actually significantly losing money recently.
This corresponds to my real experience.. Moreover, the system does try to scalp, but it does not protect with stop loss - thus all the big movers are actually losers.. - winners are only small.
Finally, it is actually a bit much, if you try to autotrade this with a Gen1 technology. The number of signals and the speed can actually bring significant problems with it.
System does not add to losing trades like so many other scalping systems which ultimately fail spectacularly, so that is a definite plus. However, the fills are utter fantasy and I find myself falling out of sync with the system multiple times per day. If one were to setup autotrading such that limit orders are converted to market orders when fills are reported the slippage incurred would comprise a large bulk of a trades gains or add crucial ticks to losers. For this reason, I cannot recommend this system to anyone who does not have the time to carefully babysit it during trading hours.
I was subscribed to this system but because I need a system that can be autotrade without having a computer on all the time, the only broker was optionsxpress and for some reason it most of the time it was not able to execute the trades this system generates at 3:59 with 50 seconds pm.
1st impression with autotrading: Watched as shorts in a downward trending day were exited quickly (within minutes) at little profit or a less. Now the program is selling into a strongly trending up day, short 4 ES and sitting on the biggest draw down in 4 months.
Since May, system is in a downtrend with lower highs ans lower lows. System developer seems to be an honest guy and offers good support and insight, but my pain threshold is reached now. This system is eating too much money, especially after commissions and subscriptions costs.
