It's been only a few days of trading with this algorithm and i had one week of trial. The trial period came with a loss but the live trading brought some profits.
I have no reason to give less than 5 stars but beware that i only had 1 week of trading with it.
C2 favors algorithms makers by asking people to review the algos shortly after the subscription, before the bad things happen (and they will)
Very disappointed. Can understand some poor performance, but all gains wiped out in very short time. Much worse for recent subscribers who did not participate in initial gains. Plus the developer, FXWeapon has not been online for 9 days, nor has he provided any updates or explanation. Significant to note that he has 2 earlier systems that commenced well then suffered big losses and appear to have been abandoned. Admin at C2 should investigate
My experiences up till now are very well. It seems the trader is very experienced with Forex trading which is a speciality. He combines automated and manual trading very well.
I would give this system 5 stars but I'm waiting for the inevitable huge draw down (and how ConservProfit handles it) which will occur sooner or later. To the vendors credit, he has cautioned of the coming DD and to position accordingly. Having said that the system has preformed extremely well in all sorts of market conditions.
I haven't been using the system for long, but Paolo has been very responsive and helpful. I asked detailed questions about the strategy and historical performance and he got back to me with the information I requested right away.
I have tried a lot of Systems, this is my first review and I am excited to recommend this system if you want a good money manager. There are some that just trade without the human element, but this system brings both to the table. He doesn't let you loose too much and he is positive at a very high rate. I will subscribe to more systems from this man and let my account grow.
I feel these review requests need to be sent out 6 months or more after we start a new system, 1 week is too early to say much! From what I can see however the system trades tightly and conservatively and I have felt confident during the recent changeable market conditions. There can be quite a few individual buy and sell signals through the day (selling and buying back parcels of VXX) so the cheap commissions at IB are very helpful in keeping costs in check. Owner seems very responsive, committed and professional. Obviously performance is exceptional based on the short Collective history and longer back tested results.
This system had a great start which attracted a lot of money. Unfortunately it's been losing since I subscribed. I wonder if the strategy, which uses limit orders, still works when there is a lot of money following it. There are a lot of contracts now sitting at the system's key levels in limit orders and I worry that has effected how the market acts near those prices and how the system performs. Hopefully it's not a problem and the system continues up soon.
It is a disciplined system with stops and well defined levels that are followed. Upside before I subscribed was incredible and downside has been low for how much upside so far, but I'd like to see some upside myself.
I have been subscribed to this system for a month.
During this time the system performed 10 trading operations, 7 at a loss.
DD is not very high because stops are tight, but the subscription fee does not reccomend additional tests.
Communication is poor.
Strategy is good. Developer is knowledgable and keeps everyone informed. Conservative trader that uses stops. Slippage is bad. IB needs to address this matter. 2 stars due to slippage issue
Returns are great and the drawdown reasonable. Unfortunately in my short time there it had a bad month and with the subscription price at $250.00 I couldn't hang on month after month.
no idea why he is trading over Christmas holidays when mkts are notoriously "odd" given I guess most mkt makers are on holidays, just dont see why, is there a way for me to turn him off until mid Jan ?
I've just started, but the system looks good. I've followed the trader for a long time and I know he is very serious about his work, so I have high expectations.
After reviewing all the available backtests on www.quantimer.net
I decided to subscribe to Quantimer VIX-L just after its launch.
The system uses stop-loss and trailing-stop, so losses will be kept low.
There is no adding of positions during a drawdown (no martingale).
The max. drawdown was about 30% in the past 6 years of backtesting,
while profits could raise up to 20%-40% a month or 200-400% a year.
Quantimer VIX-L is leveraged on the short side; so it is a risky strategy.
Therefore be sure to not invest all your money in one strategy only,
I prefer to use it as diversification with other Collective2-strategies.
The recommended 25K are OK, but 10K will also work very well.
So far this is one of my top favourite strategies on Collective2.
The developers are very friendly and do answer quickly to questions.
In the long term this could become a strategy with awsome profits.
So I hope it will be available on C2 for many many years to come.
On the positive side : Fairly conservative system, every trade starts with a defined stop loss and gain in place. No Martingale beaviour. Easily scaled up. Small entry capital. Low DD, Steady gains.
On the negative : Pricey. Little communication from the Author, regular (weekly or bi-weekly) broadcasts would be helpful to the subscribers.
This trading strategy involves buying at closing, which to me isn't a good trading habit. In my opinion, you should end the day with no position for day trading. There have been too many times where the position that was bouhht at closing opened negative double digits.
I haven’t been much of a review writer here lately, but seeing Mr Money Tree get its first negative review made me pick up my pen to try to set the record straight. The review I feel is very unfair, a purely emotional response to the system’s 7% drawdown this month (it began to recover nicely on Friday). Like the previous reviewer, I’ve also lost some money in December -- but looking at the system’s entire history, a drawdown in the range of 7-11% will happen from time to time and is nothing to get shaken up about. Not when the equity always recovers and goes on to new heights in a very short period of time. The system owner seems to be a mature individual with a steady hand and a conservative approach. Positions are never carried overnight, and there is no Martingale to be seen in any of the 104 trades to date. Even though the equity has doubled in only 5 months of existence (363% annual return at the moment), the owner still commits only a single contract per trade and has stated that is his intention for the foreseeable future. Contrary to the previous reviewer’s theories, the owner does not use Bollinger, RSI, or any type of mean reversion strategy. His approach is simple, repeatable, and gives me confidence that the results we’ve seen thus far will continue.
No swinging for the fences here, just solid investing which is something C2 should do more of. Great communication with dependable picks both long and short so feel secure when the market sells off. The returns speak for themselves. Good job, keep it up
I am trading this strategy for 2 weeks. The trader has good experience. He knows how to manage risks and take the high probability trades. So far, I am impressed by his performance.
