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.
This system seems to be professionally managed and perhaps after some adjustments it can be profitable. Right not it is not the case. Have to give lower rating because of recent performance.
The developer is a skillful, experienced, and disciplined trader. He consistently demonstrates patience in waiting for the trade to set up – never chasing after trades. The developer stays calm and collected when the market is going against existing trades – focusing instead on adhering to system rules. The developer communicates well – providing specific and insightful commentary before and after a trade takes place. He is also very accessible and responsive to questions and concerns. Prospective subscribers can derive some comfort from independently tracked record on Collective2 dating back to late 2007 -- before a major bear market. The system’s performance across a wide variety (and extreme!) market conditions (bull/bear and high/low volatilities) is particularly remarkable.
This is a good system: it doesn't take excessive risk, and the manager pays close attention to his trades and communicates well. The system manager is a real professional, with a good long-term track record (not all of it on C2). He avoids trading during periods of market stress. Trade fills are simple. Very good so far!
This system is currently reaping its fundamental weakness -- it has an open loss of $31,000 which more than eats up the total of small wins (typically $200-600) over the past weeks. If you look through the trades, the system by and large 'sells' and then grabs a small profit. This works fine when the market is in serpentine mode (up / down / trading range) but is a disaster if there is a decent rally as the current situation shows. There appears to be no money management at work as this massive system loss has been allowed to grow worse and worse. Avoid!
The seeming initial smooth equity curve luring prospective subscribers into trading the system, then reality set in with badly managed trades which cause a steep drop down in equity curve(50%). 3 correlated trades all in RED at huge losses. Why 3 trades of the same? No diversification? With diversification, then may be 1 of them can be green and offset the other losses. Also the timing is BAD. Close to Christmas and end of year and with Fiscal Cliff hanging in US, the market is very uncertain. Now almost all subscribers incur this latest losses. What's next for them? Stay? Leave? Exit with losses? or staying waiting for recovery? With 15k account, the current pending loss is 33% and if it balloon into 10k loss, then it represents 66% account loss!
This system is exceptional. The risk is very well managed both by specific trades taken, as well as the percentage of system capital employed overall. It is easy to follow, and autotrading is not required. Communication is also good.
This system will make you money, without keeping you up at night. This is among the best systems on C2.
Wow, How things can turn from a good month to a bad month very quickly! Just a few losses already brought down the equity curve by 2/3 (picture worths a thousand words). This is a high risk system and the recent loosing streak keep hitting the stop loss very quickly and turn all its trades into high risk catagory. Unfortunately the wins are smaller than the loss and it seem we have not been able to hit a big win and therefore most wins are small. Hopefully next year will be better. Only time can tell
The last review that gives the system a five star seems suspicious. I admit that the system still have a pretty good track record but the last trade was really poorly managed. The avg profit per trade for this system is around 20-40 dollars. On the last trade the developer kept adding to the loosing position, he doubled the size when the loss was around $200, then added more when the loss was around $600, added more when loss was around $900 even though it was very obvious that the trade kept going against us. This is againist any trading strategy that is out there. There was no reason to ride this once the loss crossed $600.
I am still going to stay a subscriber to this system and I am hoping that we will cover the losses in next 2 months or so.
The developer is very experienced, trades his own money, communicates frequently and thoughtfully, and stuck to his stated emergency stop loss rule. That an 11% drawdown can't be stomached by some subscribers in a system which still boasts very impressive statistics after this loss speaks more of them, their choice of leverage and their risk tolerance more than it does about this system.
Finally the AX came down. I knew it is just a matter of time the system will crash. Without exception, all high win rate, martingale type systems will crash. I'm glad I just lost a few dollars and is happy to shut down my auto trade to prevent further losses in the future because the worst draw down is one that will be in the future. So investors, be careful with Forex Trading system because the final verdict is: WE WILL LOOSE MONEY. I think this is end of my forex trading. I still have the one more on C2 and it is not doing well either, waiting for me to shut down again one more time. Consider this SMALL draw down is your gift for this Christmas because you could even loosing bigger if it did not exit the trade. I give it 2 stars since the developer is also trading this system.
I've been looking for a good timing system that uses leverage but has limited drawdowns in relation to the potential reward you get with a 3x leveraged system. UltraPro 3X QQQ timer meets this criteria as well as allowing me to enter my trades outside of normal market hours, which is a big plus since I have a demanding full time job while still manually trading my own funds. In my opinion this system and the others from Kingdom Capital are very good for those that want the better returns you can get from leverage without worrying too much about extremely large drawdowns.
I have recently started trading system and the good thing is that it has fewer trades (doesn't overtrade) and has very high profit factor (currently 2.4). Great communication with the signal provider.
This system is easy to follow and trade. The developer communicates frequently and works hard to protect your capital while striving for gains that easily beat the S&P.
Despite the relatively low number of trades so far, the developer has shown excellent risk management, very efficient time spent in-market, and impressive returns. The developer's communication is also top notch. It's a promising system so far and I am excited to see it continue to build its track record on C2.
