Horrible reverse strategies. I set a small trade to be done with them. I lost $22,000 of REAL money in less than a day. It should be criminal. They don't trade their own so this is probably some kid in his mom's basement playing around. Stay away unless you need to lower your tax burden and lose cash.
Ralph is a phenomenal trader. I've subscribed to Met Basic for the last 2 months and followed it previously. Ralph is patient and his high percentage of wins speaks for itself on his abilities. Given the high rate of return, there is always a high rate of risk as well but that goes without saying. Contrary to what I've seen in other reviews, Ralph does track his trades closely. Returns have been exceptional for me.
I got in at a really good time -- just after a pullback and just before a big spike in the performance... I'm up 20% in the first month of trading! I don't expect those kind of numbers regularly and I do expect to have to ride out some pretty big draw-downs.
If it were not for the long track record I would not even try this system, since it goes against one of the key rules of trading: let your winners run and cut your losses short. This one takes small profits (maybe around 20 pips) and hangs on to losers for weeks or even months until they at least break-even. During that time, the broker charges interest on the position. Since this interest is not reflected in the C2 performance numbers, these break-even trades are actually losers.
I'm prepared for the possibility that the strategy will fail, as I have seem many high-flying systems do over the years of following C2, but for now I'm very happy with this system and enjoying the ride!
So far no profits since about 4 months but looking at the graph that is not an abnormal thing. I do like the discipline per trade. No hidden risks of not accepting a loss and going deep into the red before making a (small) profit. Many systems hide open losses...
The good: Month of october had a near 100% losing trade series but all kept to minimum losses.
The Bad: Market nearly up every day but this strategy unable to take advantage of the primary market direction.
Poor Behaviour! he shorted Dec20 ES instead of DEC 19 right on US NFP jobs report and get whacked on bid ask spread 20 pts thats $1000 loss on 5 minutes after I made him aware about it...no apologies or whatsoever...he clearly doesnt care at all as he's trading a demo paper C2 account unlike his followers who lost real money...Hopefully I unsubsrcibed that very same day as since then he stubbornly short Russell, Nasdaq and dow futures and losing 25% mtd...clearly no SL or exit strategy other than hoping the market to go his way….AVOID!!!!
The long term performance of this strategy looks great but the short term is very erratic. Whatever little money you will make will be sucked up by the 225 per month fees and the C2 fees. It is only possible to make money with very high scaling but that would take up your risk quite high. Frankly there are other better performing forex strategies than this. Don't feel compelled to join the pack
Speed trader looked phenomenal at the beginning of October when I joined his strategy, unfortunately he had his first losing month when I started following to the tune of about 11k in drawdown.
This was the number 1 ranked system rated by C2 when I joined the strategy. Although I have no doubt this trader knows how to trade, unfortunately it lost approximately 1.7k in the 30 days that I followed it.
