This system appears to be an intra-day mean reversion system. Entry points don't appear to be placed at any major support or resistance levels, so I assume they are mathematically determined ala Bollinger, or RSI, etc. The enemy of this system type would be a trend day, which have been occurring frequently as of late, hence the current drawdown. I suspect it's way to soon to predict long term performance since the system has only been around for a few months. The system developer does not seem to be willing to supply any backtest results nor appear to be overly communicative. Most decent systems with an edge will converge on a yearly profit percentage of roughly twice the max yearly drawdown, so until a solid track record is laid down it's wise to proceed with caution and not be overly leveraged. On the plus side, there always appear to be reasonable stops in place and no hint of martingale pyramiding shena***ns.
Slightly less than 1 month into Mr Money Tree subscription, I am at breakeven with a 50% win rate and 1.2:1 profit factor. While the full history of this model is better, it has not done so well in the Trump rally with several "no trade" days which was not typical of this model. This model seems to work better in flat moderate volatility markets and not so well in rising but low volatility markets since the long or short limits are not met. Developer does keep losses to a minimum and always has limits and stops.
So far, so good. Developer has done everything he advertised he would do. Conservative trader, uses stops, doesn't carry positions to the next day, and has good communication with participants. He had a bad couple of days, but that is to be expected. I will write another review in the future once I have more experience with the system.
A simple system to buy oversold stocks and hold them a few days till there is regression to the mean. Order size is small, so there is not a lot at risk, and most recover nicely. Often the sell comes before the upward run is finished, but you still have a gain. Like a base hitter, to use a baseball analogy, small and steady gains. This makes the system feel comfortable.
Always difficult to write a review here on C2, despite numerous requests they keep on sending review requests a month after subscribing, and therefore, one never sees a proper long term review on this site.
However, Mr MoneyTree has proven an awesome strategy for me, it's a very sound strategy, very controlled, stops in place. A winner. Well done Mr Money Tree.
I have been subscribed to Mr Money Tree for a little more than a month, and it that time I have been very happy. I am pleased that the developer keeps losses absolutely under control and does not let them get out of control. Stops (limit and stop) are always in place so you basically know in advance how much you can make or lose. I swear the developer has a crystal ball, and knows exactly where to place them . Of course that is not true, but it seems that way. The strategy never holds positions overnight, nor on weekends. This gives me absolute faith in this system. 95% of my stress is gone ! Research this strategy... Check the popularity score and C2 scores, as well as the sharpe, sortino and calmar ratios. As far as the subscription fee was high consider this.... you get what you pay for. Add up the monies you have made, and subtract the fees you have paid. Also, think of how much more relaxed you are because the strategy has no overnight positions. That alone adds big time relaxation to me! Wish everyone luck.
As he rarely trades at present, it is impossible to be positive or negative.At least he's not losing money.However paying for a system that doesn't trade rather defeats the object even if there's a good reason not to, which I'm sure there is.As for stars ideally I would give none, however this is disallowed.
I am using VIX DayTrader 1 now for a couple of days. November has been a strange month, however, the outcome has been quite positive compared to some other strategies. So far very good in results and communication. Thumbs up!
The XIV trades 4X or more than the SPY. If we buy and hold in the past 11 months XIV gains 66 % YTD . Your system gains 43% . I just hope you keep your eye on it before it starts falling down like in June.
So, far, the strategy is as I expected and as the developer said it would be. No *** here, which is good. Good communication and timely announcements from the developer. Will write another review after some time passes, but so far so good.
Seems to be a very good system, but too much leverage for me. Had a 12-contract position open on election day (reduced to 4 contracts overnight). It turned out well in the end...for those subscribers that stuck it out -- unfortunately I was not one of them. I would only recommend this system to those with a large account, or those willing to take a lot of risk. Also, be aware that there are no stops (unless they are kept internally and issued as market orders).
Longer term subscriber here. Know your risk/ DD tolerance before subscribing. The developer is short options for the premium and more often than not it goes to expiry making $$ for us.
**However be warned the risk of naked option writing**
In addition, those of you using IB as your broker will find the margin terms are super conservative and I have seen a option short just executed ( Eg for $500) chewing up $2500 to $3000 of equity on the account
When short options the developer can add to his position too.
We would advocate anyone new and wanting to subscribe to this not to go to 100% scaling, but using many multiples lower until you are familiar with his style and how your broker calculates the margin.
Overall we are pleased with this so far and it constitutes a small part of the overall C2 allocations
It's been a good system so far. The trades take little time and losses are kept under control. I'm happy that the developer doesn't use the Martingale system to 'recover' from losses.
As a negative i'll mention the subscription price which is quite high.
Thanks.
I have been asked to write a review after only a few weeks using the system. I prefer at least several months of real trading before knowing how a system performs however so far the performance has been well in line with what you'd expect based on its historic trends.
Still new to the system but the developer's communication and patience in answering my questions has been truly exceptional. The system makes a lot of sense and I see it as an interesting potential income generator as I would like to have this for the long-haul.
Until October 11 the system did nicely with short period trades, small gains and low drawdowns which i really liked (they were the reason I subscribed)
Just recently the developer decided one day to keep adding losing positions and hold them overnight. I find this move not in line with the strategy's habits and it made me lose some confidence.
Hope it will get back on track and stay away from risk and drawdown spikes.