Very good system, you never feel fear, because the author control the position very close with stops and he always comunicates by messages what is he seeing and what we can expect, recommended.
Why is it that before I subscribe to a system it has month after month of gains. Then I subscribe and its month after month of losses. Here is yet another example. This system has small gains and huge losses. Don't bite.
System developer replies quickly to his email. Mentioned a 35% drawdown during the crash of 2008. His backtest goes back till 2001 but he was not willing to provide it. He preferred us to focus on actual results. That made me doubt about trading this system. In case the system did not work in the past, considering bullish and bearish markets, crashes etc. I doubt if it will work in the future. Unfortunately this system developer was not willing to provide us with the backtest and therefor I was unable to determine if the system really works considering sept 11, Internet bubble, 2008 crash etc.
Two stars for two reasons: first, as indicated by the reviews below and as substantiated by my own experience, the developer is remarkably inconsiderate of his subscribers; he apparently gets his orders filled at 16:00, but I don’t; and I suspect many others have the same experience. One would think someone offering a service would want to do what it takes to please his customers, but apparently not in this case. Second, the developer represented to me, as he reportedly has to at least one previous reviewer, that he was going to change his practice of issuing orders at 16:00. The next day he did the same thing, and has not responded to my subsequent inquiry. Good system, but not wanting to give my money to someone who, putting it nicely, fails to do what he said he would, I am out.
I was very skeptical when reading about trading Penny Stocks in the system description section. However, with a win percentage of 58 percent and the winning average greater than $150 over the average loss, who am I to complain? The developer cuts losses with tight stops and escalates wins by letting them run. It is often said in reviews that the trade history speaks for itself. I suggest all to take this to heart and give Pump and Dump a chance. Due to the short trading history on C2 I only give 4 stars at this time.
The developer of this strategy isn't pressured to make trades just for the sake of demonstrating activity. He waits until there's a viable long or short trade based on tech support and resistance levels while incorporate common sense fundamental news. Once a trade is put into play, he becomes a risk mitigator rather than a profit maximizer. This typically calls for swing trading of 2-4 days before an exit, but could last longer. In doing this, the end-user investor isn't churning is/her account and generating nice commissions for the clearing firms, but reducing margins overall.
I like what I see and have been auto trading this for about two weeks now with great results. The test of time will surely smooth out the equity curve, but I expect consistent annual rates.
This is the way to go: "Cut your losses short and let the winners run". It means systems with low win ratio but high avg. profit to loss ratio will win in the long run. Vendor follows this time honored principle. Keep up the good work! Because of the short trading history on C2 only 4 stars at this time.
I believe this is one of the best systems on C2. I take great comfort that the long stock positions are hedged by a short position in the SPY ETF. It's hard to beat the risk adjusted performance of this market neutral system. Most of the 25 long positions are adjusted monthly over two days, so use a low fee broker. Orders either come interday on the last trading day of the month or before the open on the first day. As a manual trader, it's much easier to trade the latter. My suggestion to the developer is, if it won't degrade the system, to send as many orders as possible before the open.
Spy 2x is a real gem. First, for any given trade set-up, the system developer sets out, and sticks to, specific rules for entry and exit. Second, the developer always uses stops, which he often adjusts mid-trade as necessary. So far the stops have shown a nice balance between avoiding disaster and allowing enough room for a losing trade to turn around and become profitable. Third, the developer is patient and does not try to enter a trade unless the set-up shows a reasonably favorable chance for profit. Fourth, the developer exhibits caution by often scaling into a position (50% of system equity at first, then the remaining 50% if conditions are favorable). Easy to see why the annual return has been so high and the drawdowns have been so low. Highly recommend.
I have 20 years experience with timing the market. It is rare to find a system that has discipline. This system went 6 months without a trade. With most other systems, the author would get impatient and tweak the system to generate more trades. Bravo. And, I have been trading automatically and have found the fills to be accurate with the system. Also rare.
Towards the end of the trading day vendor enters a larger than usual ES long position against the prevailing down trend. A little later he adds another long position with NQ which can only be regarded as adding to losing positions. In both cases he leaves the positions overnight without any stops even though he states in his System Description that every trade will have a stop. The result is a loss of about 10% of account equity. Highly irresposible! Was the result of the first two month just luck? This review will stand until vendor can prove otherwise.
I have subscribed for about 2 months and am very happy with the system. It is the most stable system i've seen here. The developer seems to manage the trades well as even if the trade initially goes against him, it always seems to come back. I would encourage him to create another system with another currency pair.
I do not like doubling when in a loosing position
I was told he would only averaging 1 time so a double position
Today again i was in a triple position
He diverges from his trading plan
That is dangerous i will unsubscribe
Been 3 months since any signal. Maybe that's a good thing, but the should only charge in months where they actually provide a signal. Otherwise it's a waste of your money.
After commisions and fees the system has remained flat for a year. On top of that the fees were increased from $89 to $99 a couple of months ago (I know Wayne had his reasons but that is his problem not us). It is a shame since the system would've been profitable with a fairer fee schema (e.g. pay only if month is profitable). At the moment the only one making money out of SuperrPips is Wayne I believe so I'll be walking out if SuperrPis doesn't become profitable somehow soon.
This is a good system. It will make you money. Just realize that it is for a large account though. Selling puts requires significant margin. Don't think you going to use all the developers idea with a $50,000 of even a $100,000 account.
The review below sounds so familiar...isn't it the same review for now-defunct system called shark trade? The system is running out of the steam now, last several trades seems to be the last struggles for the system to get above water...communications from the trader was good before, but now he is basically silent. I hate to say this system has past its peak and will lose all subscribers pretty soon. If the trader is no longer focused on trades but the subscription fees, that system is doomed for failure.
It's sad C2 has so many system like this one. And if C2 can not find a way to deal with these hit and run systems, C2 will be doomed too.
Never ever subscribe to any system from this guy. He changed the price from $24 to $2000 just before my credit card would have been charged. I was lucky to notice the new price in "Reminder about subscription" e-mail. I didn't get a notification about the price change althought I should according to Matthew.
This is just another RD30, which is a VBO system on european and US indices. Both systems need to take many losing trades before catching a correct one. However, this system is even more sensitive to breakouts and did too many trades(around 4-5 trades per day).