Created stop loss rules after huge losses, and seeing now that trader deviated its own stop loss rule in the past few days shows me he is just not learning from his mistakes. Now he must learn the hard way - system isn't bad but discipline is very poor.
I'm a recent joiner - 2D is a powerful system with one of the best track records and highest accuracy ratios. It is a high frequency system - so yes there are going to be a lot of trades and one has to align the time zone with that of the trader. $5/trade might seem high but depending on what lot sizes you trade yourself, and given the high sharpe, these costs are manageable.
Kudos to a great system and a great trader.
The numbers speak by themselves. Over 30% return, 8% max drawdown, average win > average loss. I like the fact that some trades break even (or very small profit) instead of hanging on a position that is not going to recover. Without a doubt the best FX system for a low-risk profile investor. The only problem is that fees eat a high percentage of your return so I would recommend to scale out the system x2 or x3 if you have enough capital.
I like the alertness and willingness of the vendor to deviate from his preset formula when common sense demands it unlike vendors like Venters AUD/NZD (now renamed VEN FX) who let big gains deteriorate into big losses apparently thinking he had discovered the Holy Grail. And it certainly is not a Martingale system like PIPALERT, for exampple. I still wish though he would use market instead of stop orders which, particular for this system, lend themselves to stop hunting which in fact has occurred in the past.
It looks like these systems are in a draw down right now with a string of losses. Typically you know you are in a draw down when the system is NOT in sync with the market and day trading become a long term trade if it's a loss. Most developers are comfortable with taking small wins but are hesitant to take small loss and hope that it will recover. From the last week I observed that, a winning trade will be taken if is in a pullback and after taking it, will see it going a lot higher and then another trade will be taken in that direction, hopefully it will continue, only to see it reversed and this process will repeat. This system have had a great run and due for a pullback and so far a few people are expected that and expressed in their system notebook.
Was a good system when it was being traded. Have not received any replies from the developer in response to my recent e-mails over the last couple of weeks, so I don't know what the status is of the program these days.
Is this system still alive? No trades in the past two weeks and no response from the developer to my repeated personal messages. For a steep subscription price such as this, I expect a lot better.
Certainly one of the best long-only trading systems on C2. Extensive track record, 36% plus average annual return, well managed risk, low trading costs and low subscription fee. Also developer is very responsive. Hard to see how things could get much better.
I'm cautiously optimistic about this system. On the pro side, dev seems to be consistent with its risk/reward ratio and with his overall strategy, which in is IMHO key for a succesful system. He may have an edge, and his edge may work across market conditions, emphasis on 'may'. On the con side, $89 is expensive when a month is not profitable. Would be nice to see dev gaining TOS status and put his money on the line. Also system is still young and not proven. Time will tell.
I have been a subscriber for some time. I think that the best indicator of the robustness showed by this system so far is the mildly negative performance of February, a month when most of the fx systems have experienced severe drawdowns.
I concur with the last reviewer. The system description states that "You won't see high or extreme rated trades on my system." I leveraged up based on this assumption and got burned. I'm still going to stick with it for a while at a lower leverage since his performance was so impressive up until that miserable trade. If I see another case of "gunslinging" with stops getting pulled or moved 10 points then I'm out.
How sad. 1 trade wipes out gains all the way back to October 2011. The worst part is the trade was totally out of character for the vendor. We trusted that he would continue with risk commensurate with the past and he did not. Stops were elevated multiple times today. This is what makes people so gun shy on C2.
Great system that requires some capital to trade and a stomach for some drawdowns but offers good return. If you're well funded, I would recommend you add WSS_Gold100oz to your portfolio of C2 strategies.