This system has too few trades. And if you look closely at the stats avg win and avg loss is about the same but extremely high win rate. If win rate decrease towards 50% drawdown and performance will suffer significantly.
After 9 month of solid performance with reasonable low drawdown this systems deserves some recognition. Developer communicates well with subscribers and is not shy to report minor mistakes. It seems there is a real professional behind it and he says he has been a former hedge fund manager. The best thing is that he trades the system himself and has been doing so for the last two years.
AS OF APRIL 23, 2013: Unfortunately caught on the wrong side of the Gold & Crude oil recent market shifts eradicating the equity curve ... I can understand the position taken, however due to lack of risk management receiving a poor rating. However I am still interested in seeing how Newport recovers over time and adjusts his/her strategy moving forward.
its a decent system, however the risk makes absolutely no sense. really needs to work on that. the give back ratio is MASSIVE, thats not an understatement. I did make money on the system and felt comfortable running it just don't like the risk vs reward since its way off wack.
Totally agree with the last reviewer. Lost of 12% in a strong bull market is unacceptable. Wonder what would happen if we're in a market crash or bear market.
Sad first of all the lower himself to naming calling and insulting his subscribers and to view himself as better then them. Even upon telling him that his system is flawed he continues to trade it instead of fixing what is broken. He is emotional and his let that control his trades. The trades speak for themselves win one lose one etc etc. This is not a winning system more a coin toss.
42% drawdown and still counting!, it is not acceptable!. I have violated my own rules of at least 1 full year of track record to avoid charlatans. But these guys looked so professional!.
Slippage is a mess...
I have been auto-trading (Gen3) this system at MB Trading for over a month: I managed to follow all the losing trades but didn't grab a lot of profit during the few winning trades.
Risk precisely defined in system summary. Risk strictly followed in trade record. These two features put this system in the 95th percentile of all trading systems on C2. The fact that the system is also profitable puts it in the 99th percentile. Well done.
system attempts to exploit the opening volitility to scalp a fraction of a percent gain. If the trade fails to reach quick profit target the backup strategy is to hold and hope for pullback to break even.
System has two flaws: It sometimes trades individual stocks, and it performs poorly during strongly trending markets. The 4/4/13 loss was due to a surprise downgrade on an individual stock. Recent general losses are due to the current bull market. Would rate this system higher if it only traded ETFs and responded better to trends. Certain competitors seem to be able to do this.
JBookTrader is a system to keep an eye on. It startet well but last couple of days has seen some severe hits. I like the open source nature of the system developer. The strategies of the author of the JBookTrader need some fine tuning.
Shame on Zone Fx. Complete lost of faith in the strategy. All of a sudden, the vendor changes everything and takes huge risks resulting in huge losses. Prior history showed nothing like this before. Losses are expected in all trading - but a strategy shouldn't change this drastically all of a sudden.
What a disaster. Vendor changes his strategy from placing many small trades to placing two large very speculative bets without stops against the Yen and Euro just before the respective two central banks come to major policy decisions and loses more than 20% of account value within a few hours. One should have been forewarned because he does not respond to inquiries or provide a system description.
A word of caution based on this systems stop and profit target. The stop loss is 2.5x bigger than profit target. This strategy does not fit my own risk parameter so I stopped trading it.
What's impressive about this system is that it has consistently made money while being fully hedged (there is a short SPY position to offset the long stock positions). I personally use e-mini futures instead of the SPY for the hedge.