This is just another RD30, which is a VBO system on european and US indices. Both systems need to take many losing trades before catching a correct one. However, this system is even more sensitive to breakouts and did too many trades(around 4-5 trades per day).
This is an excellent system, with well chosen entry points and carefully managed risk. To the other reviewer who noted that the system performance more or less matched that of the stock I would point out that since the time of that review the stock dropped massively but the system continued to perform. This system delivers, long or short.
Be aware that close signals are often issued at 16:00, which does not give you enough time to execute, not even if auto-trading. The developer has indicated that signals would be issued at 15:59 instead soon, which will address the issue I'm having, but may still not give you enough time if you're trading manually. Auto-trading is definitely highly recommended.
this system tracks the performance and the trades accurately. A warning to those who are underfunded this is not for the faint -hearted, a lot of the trades go against for the first while before reversing direction.
Has it really been over four years since anyone wrote a review of this system? And the last reviews were all highly negative, written right after the March 2009 market lows. Extreme-os certainly suffered from that period (mostly due to one bad trade: the Bear Stearns collapse) but so did everyone else. Well, with the exception of John Paulson that is. It’s time we acknowledge that what Uyen Le has accomplished since 2005 is remarkable. His system is at all time highs; win percentage back over 70%, when it was hovering around 64-65% just a few years ago; and despite the two bad drawdowns, Uyen has only had one losing year (-7% in 2011). How many 9-year old stock trading systems do you know with an audited 231% annualized return?
Vendor does not have a well thought out approach. This is a scalping system, similar to Sharktrades that went belly up a few months ago. The system is a recipe for disaster, and the current trade is disaster #1 unfolding. Hold and hope approach, averaging down and hoping things will turn out right. 21 straight wins (before the current losing trade) and the vendor sent out an excited email to subscribers congratulating himself about the fact. Mature traders don’t do this. You have been warned.
Looking at the losing trades I believe by simply adding an ATR 14 stop at 3 from the ATR entry point will cut the losses drastically and won´t affect the winning trades. The system developer should backtest this to see if it improves the results.
Completely agree with the previous reviewer. The last few trades showed the system is cutting the profit quickly and let the loosers run. It is opposite to "cut the loss quickly and the the winners run". The system is on the decline from year to year. The first year, monthly profit is 16%, loss was 3%. 2nd year, profit 12%, loss 4%. 3rd year, profit 6%, loss 12%. So the trend is increasing in sub fee, and declining in profit. This is a not pretty picture
Disasters like this happen when the developer completely ignores what's going on in the outside world. On FOMC days he should stop the system or at least place a tight stop loss - this was the day when the rout started, a 26% loss on just one trade based on the starting balance (for those unlucky enough to have just started before that day) but even for long time subscribers a $13,000 loss is no small potatoes. Fortunately, subscribers have the option to put their own stops on, however, from the live brokerage date one can see that most did not. Lesson learned: Even very successful long term systems should not be followed blindly.
Be very careful. Make sure you look at his discontinued futures system which he bailed on when the market turned and it blew up spectacularly. Very high risk.
Andrea pays close attention to the markets and manages this system exceptionally well. He communicates often. Signals are mostly issued before market open, making the system easy to follow. Highly recommended.
I disagree with the previous two reviews. If you check the information that is outside the C2 site and trust it, you will see there are numerous drawdowns along the way in the range of 4k to 6k with the worst being 8k. If you don't have enough capital to trade the system and handle those types of drawdowns, you shouldn't be trading. I don't like losing money as much as the next person but joining a system and expecting riches is just foolish.
One must wonder, how many losses do you have to take before catching the right one? And when you do catch the right one this strategy lets the market to reverse a significant amount before exiting sometimes turn profit into a loss. Hard for an investor to swallow.
I ended this subscription after the system showed some heavy losses. But, to my good fortune, I returned about a month and a half ago after it looked like the developer was back to steady profitable trades. Rebuttal by the developer to some past reviews indicate that the subscriber needs to be alert to placing stops on these trades. If this is something you care to do, and can be successful, then this system should be like a piece of cake.
Gee, I was thinking of saying how annoying it was that messages to this guy were not read, that he removed his rules from the description once he suffered losses, and if this guy was a professional trader, one wonders how he manages to feed and clothe himself.
The hole he is digging speaks louder than what I could come up with, though.
C2 should have a rule that if messages aren’t read, say in a week, subscription refunds are automatic!
No, really!
This was a great system until 2013 when it started to go against the market. That happens and the developer is not to be held at fault for following what has been, until now, a very successful strategy. What I can't figure out is why this system is STILL rated 1000 by C2. It simply doesn't make any sense after several months of large losses. It seems as though C2 is saying that this is the best system out there. I imagine a number of people may disagree heartily!!!
After 5 weeks of very nice trading, almost all the time with single contracts, taking small gains and small losses, vendor all of a sudden adds to losing positions without any stops and incurs a huge loss. Can a subscriber not expect that the vendor is consistent and follows his previous successful trading style? Very disappointing.
I've been a subscriber for over 4 months and I've been withholding my judgement during this bull run, since the system has mostly made money riding the trend up during that time. On 5/22/13 the vendor closed out a profitable long position and made a well-timed short trade that produced about a 5% profit in less than 24 hours. I don't think it was luck -- this person really seems to know the market and how to interpret charts. Good position management -- does not take large losses and locks in profits by tightening the stop. Very good communication with the subscribers as well.
Well joined for just a few days and got burned badly (close to 6k loss today). It lost most of the trades by a wide margin and it seems to continue. The equity curve showed a steep drop. When the system is doing well and you decided to try it out, then it played trick on you. Well, just not my luck and I'm bailing out! The sub fee is steep also. Good luck to the folks who still hang in there.
Like they said the proof is in the pudding. You can look at the stat and compare per trade gain vs per trade loss and decide if it is a viable long term system. The stat and equity curve tell it all
Pangolin Z is designed for traders that prefer a mechanical system. Kevin develops rules based entries and exits based on extensive back-testing that must have high win/loss rates and Sharpe ratios.
Kevin is a serious student of system development, is responsive to subscribers, and honest to a fault. In my first subscription month of Pangolin Z the performance has been so good I would expect it to level off somewhat. Highly recommended.
like others who commented on that system. The profit taking level to the loss taking level is absurd. Traded it for live, encountered a loss, will stop it now. Communication of the system developer is NOT great. Can not recommend this system.
This is a young, promising system from an experienced, careful trader with other successful, long-term systems here on C2. This newer system is volatile, but I expect it will do quite well over time. Worth watching.
