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.
The developer of the system has answered all my questions. I am a new subscriber and have not received any entry signals thus far. But the developer has explained that it is not uncommon for this system to be in cash for sometimes weeks at a time.
Ryan and his team have a very nice set of models available, he is always responsive to messages, and is working very hard to monitor and always improve his services. Recently for example increasing the numbers of algorithms working in particular systems to increase diversification and potentially reduce draw-downs. Subscribers will need to realize that back-tested results can never be 100% reliable, they are created with a preexisting data set, and their profitability with regard to out of sample data can never be assured. Nevertheless, if his models get only 50% of the profits suggested indicated by back testing, I for one would be delighted. Also, his live trading results so far give every confidence in the validity of the back tested results. I'm very happy with the new Gold Day Trading system, as its nice to not be exposed to overnight volatility, and you can make use of the 4x day trader margin available to IB users. Basically I love Ryan's systems and wish we could be subscribed to all of them!
over the past several months the owner of the system has been very successful in executing orders on the right side of the trades. He is very good with communicating with members. I have a good profit so far.
I subscribed in early January and am very happy so far even though I'm slightly in the red due to the current drawdown. Paolo's proactive communication is much appreciated, and he continues to monitor, improve, and enhance the strategy.
This is a very new system, but it looks good so far. I have done business with the author before, and I know he is a professional in the field of automated trading.
Stay away from this strategy unless you know what you are subscribing to. This strategy is day trading TF and is closing all positions before close of trading day, which is good. The negatives are:
1. Wide stop loss (similar to that for swing),
2. Counter-trend trades
3. Late day trade (opening trade within last two hours of trading day, not giving enough time for trade to develop).
4. Forcing trades when market is sideways while this strategy would work only in trending market just like its name.
I lost over USD 3000 within 5 trading days plus USD 200 in subscription fee. Definitely not for me.
This is one of the better strategies in the Forex Space. The manager of this strategy uses auto trading and manual trading very well with reasonable discipline.
Forex is prone to GAPS such as the GBP flash crash etc, so I can only give this a 3. This isn't a reflection of the manager, its really the volatility associated with Forex. The highest I would give any Forex Manager is 3 out of 5 stars.
I've been using this system for 2 years and few months, I feel quite confortable with the system, it never have had big moves against us and performance talk by itself.
I dont give 5 stars because the owner dont give a lot of comunication about the system, but the true is that its a mechanical system that do what it has do do, system owner is responsive if you write him.
Not my style of trading, the drawdown was too much for me. Anyone can just buy or sell at any point on a chart and wait for the price to come back to a profit.
The strategy shows very good results, but running it live i see things that i do not like. The trader is taking a lot of risk and is using very high stops. He holds losing position for a long time and also pays back a lot to the market when he is in green. I am about to unsubscribe from this system because i think it will not be profitbale on the longer run.
Is this a good system? Hard to say but I suspect it is.
The system is discretionary and the developer traded infrequently (at least in the period i've subscribed for).
The one issue I have with the system is that it suffers hugely from slippage. I suspect this isn't a broker issue but rather to do with transmission of orders from C2 to subscriber's broker accounts. The impact on profit and loss is signification which is why I can't continue to subscribe to this system until C2 can resolve it.
I joined for two months, total about 4 trades, all lose money. here I gave 3 star since the strategy leader did control risk well, always had stop ready. But the results was not good in latest two months.
This is one very risky strategy.
I have to agree with the other negative comments.
There is no risk- or money-management, huge drawdowns, no stop losses, no exit strategy.
Just gambling.
After January 2017 one has to wonder if the trader want's to loose money deliberately.
Going long for 6 weeks on UVXY is one crazy trade.
Even a beginner wouldn't make a mistake like that.
I'm just glad I got out in time.
Don't get fooled by the TOS.
The trader doesn't care about capital preservation.
Avoid also his other TOS strategy "VolatilityTrader", same foolish volatility trades against a very strong trend.
I am only 3 weeks into a Russell Trending subscription. This system had a very strong start during last 2 months of 2016, followed by an ok Jan 2017, but the last 3 weeks have been flat, after several losing trades followed by a few gainers. The developer has indicated some changes are needed due to # of subscribers, however it is hard to shell out $299/mo for subscription +autotrade and watch days go by with no trades at all. This system use to trade daily with an average holding period of less than 1 hr, so it is hard to fathom that no trade opportunities come up during any trading day. Some of the days have been trending some have been a saw, but they all appeared to have short-term trade opportunities. I'm hoping the developer has not become gun-shy, This market is tough with black and white swan tweets but still tradeable and this developer has shown a good ability to trade in this environment in the past. I will be patient but not forever.
On 9th Jan, ILMN-Stock jumped 30% after market closure. Beeing on the short side was bad luck, no blame about that.
But shorting SVXY and going long on TVIX for over a month? Sorry, I don't get it!
Other volatility traders on Collective2 are succesfully trading just the opposite for a long time.
Against all odds, the first few days SVXY & TVIX trades were in profit, but nothing was done to secure those profits.
After that, the trades turned into a loss, and after realizing the mistake, those trades were still not closed by the trader.
So after over a month we are still like sitting ducks and watching the huge losses incrasing daily.
The Trader is surely very knowledgeable, but after Jan 2017, I totally lost confidence in the strategy.
I couldn't see any proper risk management, no capital protection, a huge (unecessary) drawdown, and no exit point.
That's why I'm not going to risk my own hard earned money with this trader any longer.
And I can't really recommend this strategy to anyone anymore, despite the TOS and a good 2016 performance.
Good system. No fake stats here. Only thing I would say is it is a little expensive. However, if he keeps generating returns like he has been in the recent past, I would gladly pay the signal fees.
