Hello, I think I was extremely unlucky with my timing! When I became a member the strategy dropped considerably. Lost 4 of the 5 thousand in a matter of two weeks or so. But I'm still following the strategy. Believing and hoping the system will recover my losses!
This system is one of the best kept secrets on C2. It trades infrequently and holds the positions for a short amount of time, thereby providing very little exposure to market risks. The win rate is super-high without any Martingale. I simply trade it with high scaling and a safety stop to provide decent returns.
Must stay away from this system. Low return high DD, can blow out ur acct. 100% true. U can win $100 but lost over $10000. Check his history if u don't believe me. If u are current subscribers, turn off this model now while u still have funds in ur acct
I've already sold OTM option to get premium, and the trades made here seem very sound: the strike is well chosen and the trades are followed up, closed sometimes before expiration if risk arises. But it's not a long time enough since this strategy exists to have a very relevant opinion, and the developer already proposed some fickle strategies by the past...
Unfortunately I had signed up during the recent DD period which happens. but, I was disappointed in the fact that the trader seemed to have changed his strategy to a more aggressive one during and after this period. He began to executed trades that held more lots and wasn't done in the past. Also, the execution of simultaneous trades was problematic for me to keep up with the leverage requirements.
Tim's parameters are clearly very good. (Wish I knew what they are). And Tim has been good about taking the time to answer my questions, and promptly, on how to be a participant. I also admire his decision to grandfather-in current member fee rates, and notifying everyone of coming fee increases beforehand.
After a fantastic start it turned out that it was a fluke and the developer himself doesn't trust his system. After a DD of 15%, that in itself for a robust system is not unprecedented, he closed all (losing) position and switched to a new system, broadcasting that the DD will be bigger, the risk will be bigger, the margin requirements will be bigger but we should trust the system, because the results backtested for 3 whole months (!!) [not published, btw] are very promising.
Subscribe at your own risk, but one thing is for sure: the published trades and statistics are NOT relevant to the current system.
I was waiting for a bad situation before to review, and I must say I am very impressed with his trade management, in the best and worst case scenario. very professional, very good communication, and best of all...regular profits. ;-)
Impressive performance during the first month of my subscription. I would like to wait and review the system after a few months, but that is not an option.
The system is based on multiple sophisticated algorithms. At present, the system is very young, so time will tell in terms of performance. Developer is an excellent communicator.
I have been exceptionally unlucky probably. About on the day, I Joined a started auto trading. the results plummeted. After 12 days about 30% loss!! This can also happen off course but it is not nice
I share the sentiment of previous reviewer about latest draw down letting happen when it could have easily been avoided. Trading can be so simple if you have infinite draw down, eventually the market will turn around one day.. but that is not responsible trading for us who have our investments in the system. Hopefully System provider turns his risk down and creates a better risk / reward for future or this system will fall down fast.
Was good until yesterday (fed day). Small profits, but large draw downs being allowed, not sure why. Entire profit of 2 months down in two days. But I still want to be in. Hope for the best.
This is a grid system which tends to make small profits per trade. The system adds equal lots to losing trades in a narrow range. I've seen this style of trading before and it can be dangerous if a pair moves against the trade and doesn't return - which happens in forex.
So far I am happy with the results of this system after couple of months with good and less good trades, I believe the developer is doing a good job and has good risk management. It has given me small but consistent returns overtime. I would recommend it and hope ConservProfit continues to be true to its pledge. After seeing its actions I trust this FX trader better than other systems (that have lost me money trading Futures).
Pros: trades often - finds many opportunities, reasonable timing of entries.
Cons: averages down significantly when trades enters a loss. The stop is very large in relation to the typical profit and it sometimes get pulled back. Some trades are held over the weekend.
Track record looks super and the fees are very low - the big question is how will the system handle a large adverse move that arrives after averaging down.
Personally I don't like the way risk management is done here. If you trade it, better keep it small.