This system has good reward to risk ratio. It is very selective in trading and is in the market only when it identifies exceptional opportunities. For a smaller account, the cost of the subscribing to the system considerably reduces gains with the system cost/trade being more attractive for a larger account.
I'm in agreement with the last review. This system is definitely not for beginners or low margin accounts. You will suffer drawdowns that will test your faith in the system. However, the system is well designed and tested and should continue to provide good positive returns over the long term. There is lot of detailed information on the system available at the developers website, www.kjtradingsystems.com, and it's worth reading to get a good sense of the methodology behind it. I've contacted the developer a few times. He is a very experienced trader and provides great support, responding promptly and thoroughly to any questions I've had.
I like this system . It has been smoking hot on both short and long trades and most of all uses a stop on each and every trade.
The impressive part is how other developers rip on the system which gives me even more confidence in the long term success of this trader. So far you can not help but give this a 5 star review.
Compared to other stock systems over 300 days old SPY 2x has few equals with a max draw down of 8.6% and high profit factor. The developer communicates often and sends signals before the market opens. She also attentively protects gains in open positions by moving up stops.
If you exclude the returns of March and May 2012 which I believe anomalies (or call it luck), system's overall return has been flat since July 2011 (First two months' returns are not indicative either as stated by vendor). Risk/return is 1:1 per trade and since winning ratio is declining towards 50%, the strategy has no edge. Subscription means waste of time as well as waste of money. Moving on.
The SFE system is an excellent combination of markets to trade, but be
cautioned that this high octane, powerful, and robust system is NOT for
beginning traders. The combination of systems and instruments traded is
well thought out and logically designed covering different time-frames
and markets with varying entry and exit parameters for each market
traded, adding to the overall robustness and diversification of the
portfolio.You really need the full benefit and diversification all the systems offer as drawdowns can be steep and
quick. SFE can be fairly heavy on the margin, fully loaded you could be at about $23,000 in margin if all systems are in a position.
Awful. Decent looking stats, but then a losing pair trade (long AUD short Dow) comes along and he's a deer in the headlights. Several chances to close at a smaller loss, but no, "hold and hope". Whatever the opposite of good trade management is, this is it. Can I give minus stars?
PISS POOR money management -- let a large loss grow and grow till it was over $250,000! Absurd! Plus -- since it was still on paper we were charged $100/week anyway because closed traders were technically profitable. Crazy. System is expensive -- $400/month and works poorly in scaling for smaller accounts. I tried 50%, 40%, 20% scaling but still received many errors of orders that could not be placed. Lastly, trader likes to trade overnight which IMHO is problematic in most cases due to liquidity/spread issues.
Of all the futures systems with more than 1 year record this one has one of the best stats. The frequency of trading will be improved with more subscribers but for now the system does not trade consistently month-to-month. The subscription fee is competitive especially for professionally managed system.
This system was doing well but the author has not made a trade now in over 5 weeks. No response from the author as to whether he is still alive and kicking. Thinking of moving on...
Everyone below me who ratred this system poorly. Obviously is over leveraged. His biggest peak to valley drawdown is 14% which you put in the context of hie 154% a year compounding is excellent. I would put the 2 morons below me in the catagory of the usual forex morons who want to make 100% a month with a 10 pip stoploss. DELUSIONAL
I am very impress with this system. I understand that the position moves are relatively small, but I love the accuracy of this system. I can only hope that the developer will expand his methods to other markets.
The system seems very good. I've made money without suffering significant draw-downs. In addition, it is very easy to trade manually with low commissions.
Umm...to be fair to the system's programmer - it has had a great 2012, sadly i may have joined after its death. Since December it just seems to either a) not trade b) if it trades it loses money or c) makes $15...
Like watching paint dry.
Reported as a fully automated algorithmic signal generator. There has been
a 10 fold increase in the average losses figure (other indicators have also
worsened). Its highly probable that there is a structural weakness in the
algorithm / software 'bug'. The draw downs were concurrent with the system
description but their proximity is of great note. The system manager is
communicative but responses to technical enquirers are dealt with in a
'light – touch' manner (excl proprietary). The manager has given himself
the milestone of recovering the situation around end Jan. My plan is to
unsubscribe but review the situation at the start of Feb to see if the
milestone was achieved. The previous performance was very good before this
algorithmic area of weakness was revealed.
