Very profitable strategy and knows when to pull out to avoid further losses. Amazing strategy. If your looking to invest safely but profitably this is the strategy. I've tried it all, 401ks,mutual funds ect. This is way better.
Good communication from Trader. Good results. Low market beta.
Does well in an up market, selling puts. Flipside is it system takes a big hit when market turns, eg Dec 2018.
Heath explained his strategy well and answered all questions. He also has really good YouTube videos on the strategy. I ran this strategy on simulation for sometime and saw good results. What attracted me was the low drawdown while running simulation. Unfortunately I subscribed and then lost 9% in the next 2 days. Stopped subscription. Although over the long run it might do well, can't take risk of further downside.
I subscribed to this strategy despite warning that this is unachievable scalping. Contacted trade leader on information about how this strategy worked. Didn't get any response. No trades were made for 2 weeks and I unsubscribed. Didn't get any refund. Fees should ideally be prorated.
I subscribed to this strategy for 8 months, since it was quite new. I followed it for a long time but I will stop my subscription at the end of this month.
First, the minor, but potentially telling issue: the trade leader is unavailable. I tried to contact him a number of times using C2 messages. Every time I asked detailed, specific questions in a respectful, polite manner. He never once answered.
The best I can tell about the system that it survives. I.e. it has a winning streak followed by a sudden and bad losing streak but somehow it recovers. The long term p/l is flat or at best mildly ascending.
On winning days the system takes several, short term, intra-day trades with uncanny accuracy. Great!
But once in a while (I couldn't figure out when exactly) the system gets totally and I mean totally out of sync of the market and takes, with similarly uncanny accuracy the exact opposite of the price movement. To add insult to injury, it hangs on the losing trades (contrary to the system's description there are no stops) for quite some time (and then takes the opposite side and loses on that too.
This is how it quickly loses the previously built profits. Rinse and repeat.
I'd like to give this system a good review as it's had solid performance since 2014 until this year (2018). However in this rough year of 2018, the system has greatly expanded its drawdown, and worse the system developer hasn't answered messages or even logged in for 51 days (so far). Currently open positions (many in tech which is now tanking) are just being held on hope I suppose and the drawdown keeps increasing. Maybe the market will rebound and bail out the positions, or maybe there is some plan? But if there is a plan the developer isn't telling subscribers--he hasn't even logged in since the carnage got bad. So given the situation I can't recommend this system.
I like EScalade very much. I am referring to a previous review. Yes, there is slippage. That said, slippage can go either way. Sometimes you slippage will be toe the plus side, other times to the minus side. However, when all is said and done, it likely will even out. To me, it has not been a large concern.
Basically levered long trend following system. should scale back down system size as the system draws down or will blow up. surprised by all of the short positions all of a sudden,
I did / could not dig deep enough to judge the quality of the strategy entries. But - after 3 and a half year of successful trading - it seems that the bumblebee can fly anyway.
If I would start following the strategy with my money, I would
- set my maximum drawdown bigger than that of the strategy, say 40%
- determine a minimum performance lower than the performance of the strategy
- follow the strategy as long as the above criteria are fulfilled and I have no proven better strategy.
SteveY3 knows his stuff. I followed this strategy for a month and although I don't understand it since it seems like a 100% hedged strategy and not something I have back tested previously, his numbers speak for themselves. This would have to be an autotrade user, there is no other option as the system appears algo to me (constant buying and selling). Also, I would have to have an account size matching the strategy to use my own money just due to the way the R/R works. Returns wise appears to be best on C2 in regards to futures returns. Also seems to do well in different types of market moods.