I just recently became a subscriber after sim trading and watching for a long time. Developer is very nice and responsive. I like the way this system trades. I hope this system continues to achieve its wonderful returns.
I have been with C2 for approx. a year and this is by far the best strategy I have seen on C2.
I autotrade more than 100% with confidence.
No overnight positions.
I never have to worry about overnight drawdowns, Lowest risk and highest ROI in C2
Strategy owner is always accessible.
I highly recommend this strategy
I really thought this system was the one. It doesn't trade too much and you don't need to auto trade and when I started back in September things were looking good but it's been all down hill since then.
It might work out for someone with a longer time frame and willing to take deep drawdowns that's why I'm giving it 2 stars instead of 1, otherwise chock it up to another failed system
i have only traded this system for a short while, but it seems it is a very well run system. unlike some other systems, it doesnt go overboard with martindaling, and will accept a smallish loss instead of trying to get 100% trade success. it has been successful for the most part, and since with forex most people lose money that is ok
I really like this system. If you are a little bit patient the profit is more then sufficient.
Draw down level in my opinion is acceptable. And what is the most important for me the systmem always trades with one contract. The are no pyramids.
With this present open trade loss of 6K, a 29% dd from the equity when he started this trade on Oct 2 (dd per trade should be capped at a max of 5% of total equity) vendor has lost all credibility. He had a great entry on Oct 2 (jobs report day) ran up a profit of 2K but then did nothing when a clear bottom formed which lasted quite a while. He should have gotten out then because his average system profit is only 1K. Instead he let the profit evaporate and is now at a 6K loss, it seems he fell asleep at the wheel. This action or better inaction is irresponsible even if the present loss reverses. Luckily I placed a stop loss and got away with a small loss since there were clear warning signs: His previous failed or abandoned systems and the fact that he does not give any system description or background information.
Dave is guilty of dereliction of duty. He is absent from the site for days on end, all the while his system is crashing hard. He must have a fulltime job elsewhere and only plays his system as an uninterested "developer".
The trader seems very disciplined with his trades, and always sets stops and exit orders. So far he is generating good alpha on top of just shorting the market, so this seems like a great addition to a portfolio to smooth out the bumps.
I am giving 3 stars due to most of trades are entered early in the direction so we go through large drawdown and when trades are showing profits we get out too quickly losing upside potential and being in wrong side of the trade. If Systems Creator control these loose ends then this will be a good system.
Is this system description correct? "Conservative day trading long-short strategy based on deep quantitative research with risk management overlay." I do not think so.
i am a long term subscriber more than a year .
but lately i receive through c2 when in a position 6 or 7 exit orders
i have asked the developer what the problem is
after a few days ,i asked a second time but he has not replied
and the same moment his performance is crumbling i have to reconsider if i want to keep on trading this system
When I finish sign up this system in early august, it seems that this strategy was the one best forex strategy in collective2. However, in the month of September, it seems that this strategy is struggling to get even a 1% return.
In the past, it show some great performance and high gains. However, has is it the peak of performance, only later to crash and burn.
I advise any trader, not just look at past performance, but look for the future.
I am a subscriber since Jun2015. The profits are huge but you need to dig into the trades for realizing what´s up in MD. I am trying to write this comment letting the easy emotions aside.
What amazes me is the accuracy in the trades. Although inevitable failures, you can see how the trades changes direction, short and long, yielding constant profits. Of course there are bad trades, or days, but that is part of the game. In this case, this is not for faint hearts, because this may wipe out 10 k in a single day… or just a couple of hours.
When this happens, the system developer usually apologizes or justifies what happened: those comments are welcome, but when you trust a system like this one, it is easy to accept the lost with poker face because better moments are assured to arrive tomorrow
The frequency and number of contracts played makes this system very volatile. I read accusations of martingale system. I disagree. The trades do not change his view and positions (I guess) when something goes wrong… never adds positions (they are always opened at the beginning of the trade). Example: after FED meeting, 9/17/2015, (probably moments when many systems fail) the system goes short.. losses accumulate as SP goes up and up. The first trade is closed. The ES goes up, a second short trade, 7 contracts, as usual, some points above the close of the previous… again, another loss. Then the system goes long…(!!!) the SP drops hard and we end up with another loss. This is the description of a bad day, luckily very uncommon. Good days are just the opposite… nailing down the longs and shorts, and often times changing direction. You simply ask yourself…â€How the f… he does it..!!â€
So, if you dare start autotrading MD, and if you do not want to have a heart attack, you can simply limit the number of contracts. This is what I did: I started with 2, then 3, then, after being clearly in the money, I did the big jump and let the system without constrains. I hope you will not regret it… otherwise I will as well. Good luck
I subscribed to RSI July 23, 2015.... I am to date very happy with the system, AND the creator. Creator is quick to answer messages. And a plus, he actually answers intelligently without dodging the question. We just had out first loss ( I am still majorly ahead), and I was very comfortable throughout as creator messaged me a few times to let me know what was happening. My only complaint is I should have subscribed sooner !!!! Keep up the great work Pru !!