I have used the system for a few months but have decided to leave it - not b/c its in a losing phase (which is inevitable with any system) but b/c the developer is constantly tweaking it and then exulting how great the back-test results are with the new tweaks. [One can always find one or more parameters that give fantastic back-test results but that doesn't mean the underlying concepts are robust.] I reckon it'll take him a few years to be a mature back-tester.
After 30% account loss I am pulling a plug on it. Very risky system with a bad risk management from a developer. It appears that developer went into meltdown after system 15% account loss in single trade and abandoned his original strategy.
horrible. Only way to describe this system and manager. When trying to get out, he put on more trades so u are stuck as he takes you down. When things don't go right he will not even bother to respond. Don't think this system will last to long as one can see from the dismal performance with a high price tag. Just make sure if a new system opens up run for the hills
Best advise for this trader and system =
STAY AWAY.
trust this advise - it will save you allot of money and time.
Many other safer more professional systems available, choose them.
Am not sure why nobody writes reviews on TheForexPortal. I thought its a great system. Manageable drawdowns for the returns shown with almost a year of consistent records.
This "Trend Picker" strategy could compliment many other retracement strategy out there.
I also like the fact that i see Mr Adrian Eliffe online most of the time, which hopefully means that he (this vendor) isn't solely depending on EA or fully algorithm system (which can be scary).
I was referred to this strategy by a friend and it has not disappointed so far. Only one signal so far. So may be too early for me to tell but this lloks to have solid history and track record.
Thank you,
As the last reviewer pointed out it appears that this system was overfit to a recent small data set during development and is now being tweaked along the way when when faced with real world market conditions. The result: 7 months of gains wiped out in a month. To make matters worse the developer doubled the leverage in a self-destructive attempt to recover from the drawdown quickly despite the increased volatiilty and right before an FOMC announcement (!) I noticed there is a Goldmeter "D" ready to set sail once this one sinks to the bottom. Tickets should be on sale soon but I think I'll stay on dry land next time.
This system has had impressive returns to date and the developer seems to have a knack for picking the places to get in and out with a profit and knowing when to stand aside. But, be prepared to suffer through some harrowing intra-trade drawdowns as this system will add at least 4X the original trade size in order to try and average down an open loss. I do wonder what will happen when the market does not revert to a breakeven and instead keeps going against the trade. For that reason I cannot give it a 5 stars just yet because there is not enough time on C2 to cover those situations but time will tell. Wish the developer luck.
I have not been on Tranche's system for very long, maybe 1 week, but I can say the system is going through major structural changes due to trading losses. Supposedly, upon completion of these changes, the system will be more conservative and profitable, so now is not the time to write a review of Tranche. It is definitely an expensive system and one would expect superior performance based upon cost, but I would say it has been anything but superior at this point. Proceed with caution is the word here.
This is a martingale type of system which means it will keep adding to losing positions and hope for a rebound. Eventually we will enter a bear market and the system will run out of margin and can even wipe out your account. It's one of the few types of systems besides selling naked options that can do that fairly quickly. This is the reason that the decent returns in the recent bull market aren't attracting subscribers.
Even though the system is barely one and a half month old (that is the reason for only 4 stars) one cannot help but be impressed how this discretionary trader delivers on his confidence in his trading ability as stated in his early forum posts and system description. He skillfully takes advantage of special situations while keeping the risk low with judicial hedging. Could this be one of the very rare cases of a master trader on C2? Time will tell, all I can say is, keep up the good work Brett.
This is a flawed system, the stops are huge, it takes 10 good trades to make up for one bad trade, and many times it picks the opposite of the obvious market direction
If I had rated this system prior to 11/30/14, I might have given it four stars. But the performance since then has been poor. With a "long only" stock system, I would like a system that can outperform the indices so that each time the indices hit new highs, the system's equity does the same. That was the case prior to 11/30/14, but since then, the system has performed poorly. The system does not use stops, so when a stock held by the system gets clobbered, as has been happening on occasion, the system gets clobbered and the subscriber can only sit there wondering "when is this guy going to pull the plug on this terrible trade". That is a major weakness of this system--not using stops and holding losers way too long. A subscriber would have done a lot better just holding a 2X long S&P index fund over the life of this fund.
I have researched and used several systems on C2, Striker and Altavest. Zakum is definitely one of the best systems available as demonstrated by its returns since inception. As part of my diligence, I always submit questions to the system designer. Guy promptly provided useful responses to my questions which gave me confidence to use his system. Many system designers don 19t properly respond to prospective subscribers so Guy deserves extra credit here. I like the fact Zakum focuses on one instrument as I believe it is easier to create a profitable trading strategy for a single instrument versus creating a profitable trading strategy for multiple instruments.
A classic case of you get what you pay for. Unlike many other futures trading systems, this developer knows how to ride the winners and milk them for all they are worth. This creates the exceptional returns.
I am currently very satisfied with Zakum's trades. A truly professional trader who knows the market well. I got in Dec when there were only one or two other autotraders and autotraded immediately. Perhaps it was the quality of the trades that attracted my attention. Since then i never looked back. His is one of the few systems that i learned not to meddle with the trades and just let it run.
Great system, smart developer. If you can handle 5k - 10k DDs and like steady profits, this system is for you. Be ready for a patient algo with parked entries (easy for manual trade). I cannot recommend this system enough.
Very professional trader with excellent risk management and outstanding returns so far. I am very happy with the performance especially given the recent extreme market conditions that this system had to deal with. The last review of 1 star is WAY off-base and unfair--backtests are not always available and even if they are they're not very useful besides seeing very basic characteristics which the developer is happy to describe. What really matters is FORWARD execution in real-world conditions on unseen data and this system has done very well to date. The only thing lacking is the time on C2 but that will resolve itself.
This system has very bad entry and exit. Mostly entered when the big moves were made and usually late to the party. It tries to catch a bigger move. In the real world, price mostly retrace so a huge loss of $1k plus is rather normal. As for exit, the system allowed a trade that was up 2k to dwindle all the way to almost zero before making exit. Stops are useless as they are set very far from the entry. You will be hit badly if there happen to be a significant market move.
This is what happens to vendors of futures system who increase (often prematurely) their position sizing hoping for sky high returns. They usually suffer large draw downs and lose all their subscribers even if the system is profitable in the long run. I prefer systems with constant position sizing - let the subscriber decide how much he wants to trade. I wish more vendors would emphasize low dd rather than sky high returns.
