After monitoring a live trade I concluded that this style of trading system takes on more risk than I'm willing to accept. A stop was placed 12 points from entry while a limit order was in place for a 3 point target. When price went against the trade, the position size was doubled. Price eventually returned to a point close to break even and the trade was exited.
On the plus side, the system developer will answer any question you may have and supply some back-test results. Since there seems to be discretionary elements to the system, the back tested results are a very rough fit to the live results.
In conclusion, there are not enough trades yet to meaningfully evaluate this system. Specifically, it will be interesting to see the types and severity of draw-downs that are experienced.
I like this system. It doesn't scale in and looks like a robust system for the long-term. Developer is also very diligent and has written documentation on how to compare other systems at C2 which I thoroughly enjoyed reading. A healthy, humble respect for the market is what I sense here with this system, and I'm glad to be a part of it.
A strategy for the folks willing to take high risks and rather large draw-downs which happens from time to time.
Though the reason I now unsubscribe from this Strategy is the forum where the manager expresses his opinion. Normally that could be a good thing, apart from the fact that he express 2 categories of people that dare to comment of his postings.
We are either lovers of haters of his strategy - and this is just too much for my taste. I´d like to express my opinion without beeing labeled as a "hater"
So I labelled this with 3 stars, could have been a 4 if the manager were a bit more friendly and less arrogant.
This is my 2nd go round with Strategic Trading, and I am happy I returned. After every conversation with Rudy my impression is Rudy cares deeply about Strategic Trading, and making his subscribers money. There have been periods where it seemed a position could have been opened, and wasn't. Stay cool young man, there is a reason. Besides, if we were such "great" traders then why are we here ??? So, I say, Relax, and trust Rudy. I am very comfortable being a part of Strategic Trading, and I think you will too ! Take care all !
So far so good. Like the short time frame of that strategy. There were a couple of hickups in the beginning, but recovery was fast. The strategy is not for everybody, but actually is less riskier if used properly. Sometimes I add more protection to shorts by changing them to verticals. Will stick to it for a while. This strategy fits my trading style pretty good. You don't have to watch it every day, maybe 2-3 times per week.
This is system is unique especially in regards to the instrument that it trades and is a great complement to any diversified portfolio. The trade placements have been very nimble with defined targets and stops. The trades have been very nimble and artful. I have been interested in such a system for years and I am excited and grateful to have the opportunity to participate in this. Thank you to the folks at Ascendant.
I am very pleased with VIx DayTrader, which I've been autotrading for more than a month. Typically, I will not subscribe to a system with less than 2 years' C2 trading record. However, between the trader's interview with Mathew Klein, and his backtesting which he provided me, and my email chats with him, and the similarity of results between the backtesting and the C2 performance, I became convinced.
For the most part, the system only day trades, which helps to use the "leftover margin" in my IB account. However, you need to be careful not to over-leverage, because drawdowns can be brisk, which would affect the funds available to trade whatever other systems you are trading. In addition, when needed, the account will remain open over night. (If the developer changes this, a note to that effect would be nice)
Thus far, the results are brilliant, James is a great communicator, & the autotrading has proceeded without a hitch.
My only caveat is that you need to be thoroughly convinced for yourself, and prepare yourself to accept the drawdowns, especially if you psycho-check your account all the time.
And, in case I wasn't clear -- I am very happy with Vix DayTrader.
So far so good. I'd like to see how this systems performs over longer periods and more diverse situations, but for now I'm impressed. This is an especially useful system in a portfolio of systems as it tends to offset other system types and reduce overall drawdown.
We are a return subscriber to West. She trades methodically and is seldom in a trade for a hours hoping to trade out of the position. All trades have a stop loss and profit target. It remains to be seen if the track record remains over the long term but we are prepared to give her the benefit of doubt. There is another strategy that trades in a similar pattern as her and the developer has appeared to of abandoned the system after some unsuccessful trades so we came back to West
Subscribers beware of the C2 platform that it may not suit strategies that frequently changes its orders. The problem lies in the delay between the time when the developer changes their order to clients orders being changed. During this time clients could get filled and auto sync trades out (always at a loss according to our results)
I'm so impressed how this system works. All of my trades were ended up with winner. I did not enter with every entry trade, but I put my positions more aggressive when the market against the developer positions. If you want to be successful in his style, you have to know how to manage your capital and don't do over trades. As investor and trader, you need to educate your self how the market works. Following his program plus managing your capital n positions, you increase profitable trades and stay in this business for long run. I am aware with high DD, but that's something you can manage if you understand the markets.
So far so good. Every trade has a stop in place and often times trades get closed out in the last hour of trading which provide ample time to react if, let's say the orders don't successfully get routed to the broker. Developer is also very pleasant to interact with and responsive. Good day trading systems are hard to find, and I hope this one continues its good performance.
Wugot can be a nail-biter at times with significant per trade drawdowns relative to equity as shown in the trade record. 5 contracts held at times represent over 600K in gold so a 1 percent move either way in gold is 6K. Seems important to achieve high win rate at all costs but usually works out OK which is probably a testament to Wugot's trading ability and experience. Is this a great system or a potential disaster? Not sure so stay tuned.
Brad Pappas uses the same investments for his private clients as he does for collective2. He has been very responsive when I've needed extra information, and thus I have a lot of confidence in his system.
I am a new subscriber, but I am a subscriber to the trader's other system Strategic Trading, and I wanted some diversification. So far he has performed with this system like his other system, good returns and good risk control.
Fairly steady returns through Dec 2015, with an ugly August/September. Generally sticks with 1 contract, without doubling up when the trade moves against him. Though there are some 2 and 3 contract holdings with 5-15% trade drawdowns.
But middle of Jan 2016 he changed style to be hedged: Long ES and Short YM, at exactly the same time. I don't see the benefit (he would need to demonstrate arbitrage edge over time). He should stick with directional bets, or flat.
I'm a new subscriber, but I like the philosophy of the developer and he appears to be able to make good money and keep his drawdowns low. Leverage seems to average about 6x, which is reasonable for forex. He is a higher cost system, but I'm happy to pay for quality. Discretionary trading take more dedication than just spinning up a system and forgetting about it, but I'd rather have a human at the helm.
We have been auto trading with these guys for a week or so. The developer sends out weekly summary of the strategy performance and is something we like. In addition we are somewhat comforted the developer is also putting his money on the line with us. There are horrors out there in the C2 world with strategies blowing up whilst the developer has no skin in the game. In so far as performance is concerned we have not seen any doubling/ tripling of positions and risk/ drawdown per position is low. We would argue if you were starting that you have perhaps $20k and not $10k to avoid scary moments.
So, 3rd day of my subscription is finished, and I am the Chosen One to write a review. These are hard days on the market, and I am ok with what I have now. I was looking for this system long before my subscription started. Based on my analysis Carma Stocks is one of the best stock systems here on C2 in terms of long-term investing with low risks. So, good luck!
Beware Of Anything By Cambridge... Do your homework before subscribing to TY. In my opinion these people are only interested in collecting the fees you pay to subscribe. They are good at sweet talking, but in the end most likely you will loose lots of money. Don't get suckered in by the pretty charts. Go to the forum and do your research....
https://forums.collective2.com/t/latest-martingale-systems-and-other-ways-to-go-broke-fast/8199
Check out TF Auto. That one is crashing and burning as I type.
