eQuants Daily7
After a long break eQuants is back. But unfortunately it has changed to a hold and hope system which takes small profits quickly and lets the losing trades run.
THE SUBSCRIBER PERSPECTIVE
Strategy reviews
Real experiences. In subscribers' own words.
Read what worked, what didn't, and what it was like to follow a strategy.
Turning Points
Generally a fairly painless system to trade, although it does have some pretty lengthy flatline periods...Note Sept 08 through April 09 and mid-May 09 through the end of October 09...Other than a brief blip up from May 1-15, 2009 there have been no other sustained runs of any significance over the past 15 months. The Good News, of course, is that it has also not lost any money. However without a more sustained equity curve up, this has been a somewhat lackluster performance overall.
EWP plus
Just a couple of weeks ago, most trades would immediately be followed by ever-changing stops, several per trade many times. However, over the past week, the developer seems to have chucked stops out the window. After spending several weeks scalping $20 profits on exceptionally close stops, the past 2 trades have been horrific losers, accounting for a 5-figure loss if you trade the recommended lots. I exited the most recent position with a loss that hurt, but not as much as those still holding on. Turned off Autotrade, will review for the next month of paid subscription to see if the developer is able to get back to winning ways.
TMD:Trader
Twitter feed from system owner says it all "I'm short, I'm underwater, I'm fielding margin calls. I'm sticking with it." System has been short for a 7 day 6% rally and with INTC easily beating expectations, tomorrow will probably extend streak in the wrong direction.
EWP plus
The system is experiencing a trading method change. both profit target and stop loss has widened dramatically. I paused my autotrade for now, and watch for several trades and see.
one side note is that past performance may not be a good reference due to the method change.
EWP plus
The trader gives the impression that he is clinging to big losses. Every once in a while a trade is made and no stop is set - or the stop is even removed - without further stops and then we have a big loss.. then a number of small trades are made winning, then again a loss.
It seems the provider is sometimes simply not accepting that some trades do not work out as planned.
Moreover, it seems the system was strongly changed since it is FOR profit - so watch out. It was for free until it hit 1 Mio then it was rescaled by 1:10 and since then it has not generated any profit any more!!
it goes up and down below the break-even..
So, since then only fees, no return..
The provider actually fine wrt. communication. Though there are some who are communicating more - and more regularly.
QQQ Oscillator
In the market, timing is everything, don't I know it. Started using this system at it's peak. Stuck with it during draw downs. Can't stick with it any longer. It seems the vendor has no interest in subscribers or making money. Perhaps this is just an exercise for him. There are much better systems out there.
ETF Timer
This system is consistently excellent. It makes money almost every month. It recovers nicely from small losses. It is exactly what I dreamed of.
EWP plus
Trading 1 contract since June 09. Ignoring July hit, since Aug. 1 churn has made performance disappointing. 52 trades with unavoidable cost of clearing $1.16/side and C2 system fee of $1.99 and $89/month subscription has generated over $460 in fees vs $820 in profit (trading 1 contract). Burning cash waiting for slump to end.
tester4
I am not sure which party is failing (Vendor, C2, Tradebullet or IB) but realism factor is definitely low, because today (9/14) system opened 2 NG positions whereas my real account on IB opened 4 and didn't open the long position which was the only profitable trade today. Considering the win ratio at 36.5%, missing one trade (and especially if it is the profitable one) costs dearly.
I'm subscribed to several other systems on C2 and I didn't have any other execution problems except this one.
Turning Points
this system is one of the finest on C2. Almost 3 years averaging 8 trades per month and great profits. All the stats indicate a solid system will minimal DD risk. The 2 star review is an insult. No new trades for 6 days so you bash the system?
Turning Points
Last trade was 9/2......I find good trades everyday in the core futures....whats going on?
YBE4life2
Wow...huge turn for the worst starting July 09. Max drawdown now at 92%
YBE4life2
I'll print the chart, frame it and hang it over my bed - it's just too pretty! Congrats to the "trader", a drawdown of 87.15% is quite something and your mother would be proud of you. Ever thought of applying for an entry in the Guiness Book of World Records? Keep it up, my friend, you are the man!
EWP plus
This guy really knows how to read the S&P charts and time the waves. His past drawdowns are a little scary, so I trade with less leverage than on C2. I rode out the July drawdown figuring that he would get back on course, which it seems he has. My only reason for not giving 5-stars is that it seemed like he rode out a couple of big losing trades in July instead of cutting his losses short.
Precision Futures
It's time to move on. With the high volume of trades, the commissions and slippage chew through the cash. OptionsXpress commissions are fair. Slippage is more than whats indicated by the 'show real trades' feature. Don't be decieved by the chart above. My account is well into the the red. Often trades his opinion instead of his system.
(I wrote previously on june 7:
I've been with this system since the end of January. After commissions and fees, I'm up about 20%. Not as good as the chart above, but steadily gaining. Draw downs have been low, although a little long through April. My questions have been answered. Even though there are a lot of trades, the per trade drawdown is very low and thats what attracted me in the first place.)
Quick Profit
I'd like to share some statistics re. this system:
Return since March : 2.7%
SP500 same period : 45%
Holding a short position since July 24th and the loss on that position is 32.5%
The vendor promises strict rules for stocks that do not hit their targets (10% profit) within 1-2 days. And the fact is he is still holding a losing position (32.5% loss, very strict !!!!!!).
Never invest to a manager who does not keep his promises.
While indices keep going north, he is still fighting against the indices (all his positions are short since July), so another Don Quixote trying to find tops and bottoms.
mvp-3
First, I believe the developer is a very nice; hard working guy. Unfortunately that does not make you money. MVP-3 is a work in progress and is being continually retooled. Money management does not seem to be a high priority as evidenced by the huge drawdowns. I think the developer is probably a computer whiz who thought he could sell a system with outsized results but in reality does either not understand risk/money management or is just very poor at it.
Gen 2 - Mini S&P Only
The system has been oscillating for 2-3 months, which is well within system expectations. The good news is that the vendor has not caved into trying to "fix" the system based on limited observation of temporary market trends. The system is not broken. Very happy with system and vendor.
As for the Aug 16 review, I would ignore it, as flipping a coin is silly, exiting at 8:50AM is hardly vague, C2 gains are at 85% APY. Maybe they were reviewing a different system?
Gen 2 - Mini S&P Only
System recently goes against very strong market uptrend with short trades, often turning winners into losers by exiting at vague and arbitrary 8.50 AM next day. This has not work since inception on Col2.
Historical data not impressive, recently one losing and one flat year, low return and high risk of huge drawdown.
One may as well flip the coin and close trades at the end of the day.
mvp-3
System makes chaotic moves while market is steady rising.
It seems MVP-3 does not work anymore.
I was never convinced choosing illiquid EFTs like MVV and MZZ is a good idea to begin with.
mvp-3
Curve-fitting has hurt this system. The latest back-test shows a 3,600% return for last year and 150% for this year so far. The reality is much less. I still have hope that he can turn it around, but I'm not sure why. He is a nice guy though.
ETF Timer
System vendor is professional and communicates regularly with his subscribers. The system's low-stress, patient methodology of trading combined with its superior track record and low cost elevates ETF Trader to the top tier of systems on C2. Highly recommended.
USS2
Developer not very responsive. Positions not properly closed. Be careful with this... developer autotrading setup does not seem stable
Gen 2 - Mini S&P Only
System vendor is professional and responsive. Nearly every the vendor sends out a diagnostic report on the system's performance. This is a fine system, but while much thought has apparently been put into trade entries, the exits (and stops) are a different matter. We'll see how it performs going forward, but perhaps nearly tripling the subscription price in May was premature.