I've only been "autotrading" this strategy for about 20 trading days, but so far it is performing as the stats predicted. While it has a large draw down percentage (66%) which is very worrisome and not for the faint of heart, one trading day it went as far as around $10,000 on 10 to 15 contracts before coming back for a small loss. Having said that, it's hard to argue with six out of seven months profitable and 515 profitable trades out of 634 trades total for an 81% win percentage. I'm only hoping the trade leader does not keep scaling up the number of contracts traded with the growth in account size. I think that will help with the draw downs.
This is the third review request for this service that I have answered. Please make them stop. As stated before, I've been pleased with the service. Have made money so far in the 2 months i have subscribed. Only 1 losing trade during that time.
Not Great. Trading since August, but it is flat for last 4 months from Jan to April. Subscription fee is $350 but last for months profit is 0.2 %. Planing to stop trading for some time and continue see the performance.
It is a slow build strategy with low risk as the contracts traded are 4-5. Easily scalable by setting the number of contracts. It is slow build as the contracts are for a month expiry so will need patience but will pay off in the end.
Happy with the service. The only hitch was that symbols the Trade Leader uses (or what is visible in the trade log) differ from what is available on my trade platform. Not the Trade Leaders fault just what different platforms use (I guess). For example, the trade log shows VIXW whereas my platform at TOS shows VIX. No big deal once I learned the differences.
I had to figure out some of the symbols being traded however I don't think that is the Trade Leaders fault. For example, on my Think or Swim platform, the symbol is VIX while the trade log shows VIXW. Not sure why this discrepancy exists however all emails to the Trade Leader were answered when I inquired. Other than that... it's been fine.
Historical returns are great and the use of hedging is brilliant. At this point, April 2019, it is in a slump. It's not clear to me what the reason for the slump is as S&P has been climbing for months. Maybe this is causing VIX to be too low or too stable for this style of trading?
I might be arrived at the wrong moment and I am holding tight for better days ahead. Nevertheless the manager does not answer my requests of explanations, which is annoying
The developer wrote that he wants to double the subscribtion price every two months. That would be OK if the portfolio would make very good profits. But after a poor performance in Feb+March 2019 that statement is just pure arrogance.
Terrible desperate trading record in the last 10 trades. I am still suffering from a $2000 trade loss in 10 days. What the hell just happened? The trader does not respond which is a very bad sign
So far so good. It underperforms a little (my results are a little less profitable than what C2 is showing). It's interesting to observe it as it is a strategy that is very willing to hold onto negative trades for a long time until they come back up to breakeven. But it works so far in its history. I joined at a good moment. I would not want to join right before a drawdown. I joined towards the end of a drawdown and caught the bounce back up. I've only been in it for a few months and wish C2 asked for reviews further out.
Highly recommend. Very slow and consistent strategy. Bear in mind with Margin requirements the returns are only going to be around 9% a year but if you are happy with 9% this is a good strategy for you
Very bad strategy. Massive Draw downs. I have lost $2000. Trader has not replied to a single question. I would highly avoid a strategy where the trader is not responsive as it means they are not thinking of the money you are losing
The strategy makes sense for the simple implementation. The max drawdowns are in line with the risk/return of the 3X use in the strategy. Ideally lees trading without hurting the overall outcome.
