Predictor Discretionary
(44880815)
Subscription terms. Subscriptions to this system cost $1.00 per month.
Rate of Return Calculations
Overview
To comply with NFA regulations, we display Cumulative Rate of Return for strategies with a track record of less than one year. For strategies with longer track records, we display Annualized (Compounded) Rate of Return.
How Annualized (Compounded) Rate of Return is calculated
= ((Ending_equity / Starting_equity) ^ (1 / age_in_years))  1
Remember that, following NFA requirements, strategy subscription costs and estimated commissions are included in markedtomarket equity calculations.
All results are hypothetical.
Jan  Feb  Mar  Apr  May  Jun  Jul  Aug  Sep  Oct  Nov  Dec  YTD  

2009  +3.7%  (1.7%)  +2.0%  
2010  +0.3%  +3.7%  (0.8%)  +3.0%  (0.9%)  (1.3%)  +3.4%  +0.6%  (4.9%)  (1.9%)  +0.8%  +2.7%  +4.4% 
2011  +9.0%  (3%)  +26.0%  (9%)  +8.0%  +0.6%  (5.8%)    +2.6%  +11.8%  +2.6%  +2.8%  +50.1% 
2012  +0.3%  (5.2%)                      (5%) 
2013                          0.0 
2014                          0.0 
2015                          0.0 
2016                          0.0 
2017                          0.0 
2018                    0.0 
Model Account Details
A trading strategy on Collective2. Follow it in your broker account, or use a free simulated trading account.
Advanced users may want to use this information to adjust their AutoTrade scaling, or merely to understand the magnitudes of the nearby chart.
Started  $22,915  
Buy Power  $50,387  
Cash  $1  
Equity  $1  
Cumulative $  $27,472  
Total System Equity  $50,387  
Margined  $1  
Open P/L  $0  
Data has been delayed by 12 hours for nonsubscribers 
System developer has asked us to delay this information by 12 hours.
Trading Record
Statistics

Strategy began11/11/2009

Suggested Minimum Cap$22,915

Strategy Age (days)3235.48

Age108 months ago

What it tradesFutures

# Trades634

# Profitable386

% Profitable60.90%

Avg trade duration9.7 hours

Max peaktovalley drawdown17.34%

drawdown periodOct 05, 2011  Oct 11, 2011

Annual Return (Compounded)4.8%

Avg win$264.22

Avg loss$300.47
 Model Account Values (Raw)

Cash$50,387

Margin Used$0

Buying Power$50,387
 Ratios

W:L ratio1.37:1

Sharpe Ratio0.728

Sortino Ratio1.223

Calmar Ratio1.622
 CORRELATION STATISTICS

Correlation to SP5000.10000
 Return Statistics

Ann Return (w trading costs)4.8%

Ann Return (Compnd, No Fees)9.4%
 Risk of Ruin (MonteCarlo)

Chance of 10% account loss100.00%

Chance of 20% account lossn/a

Chance of 30% account lossn/a

Chance of 40% account lossn/a

Chance of 50% account lossn/a
 Popularity

Popularity (Today)0

Popularity (Last 6 weeks)0
 TradesOwnSystem Certification

Trades Own System?0

TOS percentn/a
 Subscription Price

Billing Period (days)30

Trial Days0
 Win / Loss

Avg Loss$302

Avg Win$264

# Winners386

# Losers247

% Winners61.0%
 Frequency

Avg Position Time (mins)580.10

Avg Position Time (hrs)9.67

Avg Trade Length0.4 days

Last Trade Ago2404
 Analysis based on MONTHLY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean0.15570

SD0.17140

Sharpe ratio (Glass type estimate)0.90839

Sharpe ratio (Hedges UMVUE)0.89572

df54.00000

t1.94476

p0.02851

Lowerbound of 95% confidence interval for Sharpe Ratio0.02697

Upperbound of 95% confidence interval for Sharpe Ratio1.83565

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.03523

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.82667
 Statistics related to Sortino ratio

Sortino ratio3.30279

Upside Potential Ratio4.82792

Upside part of mean0.22760

Downside part of mean0.07190

Upside SD0.16924

Downside SD0.04714

N nonnegative terms18.00000

N negative terms37.00000
 Statistics related to linear regression on benchmark

N of observations55.00000

Mean of predictor0.18451

Mean of criterion0.15570

SD of predictor0.14220

SD of criterion0.17140

Covariance0.00087

r0.03579

b (slope, estimate of beta)0.04314

a (intercept, estimate of alpha)0.16366

Mean Square Error0.02990

DF error53.00000

t(b)0.26070

p(b)0.60233

t(a)1.89554

p(a)0.03174

Lowerbound of 95% confidence interval for beta0.37503

Upperbound of 95% confidence interval for beta0.28875

Lowerbound of 95% confidence interval for alpha0.00952

Upperbound of 95% confidence interval for alpha0.33684

Treynor index (mean / b)3.60940

Jensen alpha (a)0.16366
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.14150

SD0.15847

Sharpe ratio (Glass type estimate)0.89289

Sharpe ratio (Hedges UMVUE)0.88043

df54.00000

t1.91156

p0.03062

Lowerbound of 95% confidence interval for Sharpe Ratio0.04188

Upperbound of 95% confidence interval for Sharpe Ratio1.81968

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.05000

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.81087
 Statistics related to Sortino ratio

Sortino ratio2.94313

Upside Potential Ratio4.45886

Upside part of mean0.21436

Downside part of mean0.07287

Upside SD0.15496

Downside SD0.04808

N nonnegative terms18.00000

N negative terms37.00000
 Statistics related to linear regression on benchmark

N of observations55.00000

Mean of predictor0.17298

Mean of criterion0.14150

SD of predictor0.14101

SD of criterion0.15847

Covariance0.00075

r0.03356

b (slope, estimate of beta)0.03772

a (intercept, estimate of alpha)0.14802

Mean Square Error0.02556

DF error53.00000

t(b)0.24448

p(b)0.59610

t(a)1.86660

p(a)0.03375

Lowerbound of 95% confidence interval for beta0.34716

Upperbound of 95% confidence interval for beta0.27173

Lowerbound of 95% confidence interval for alpha0.01103

Upperbound of 95% confidence interval for alpha0.30707

Treynor index (mean / b)3.75137

Jensen alpha (a)0.14802
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.06148

Expected Shortfall on VaR0.07912
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.01647

Expected Shortfall on VaR0.03255
 ORDER STATISTICS
 Quartiles of return rates

Number of observations55.00000

Minimum0.94058

Quartile 11.00000

Median1.00000

Quartile 31.02085

Maximum1.23056

Mean of quarter 10.98261

Mean of quarter 21.00000

Mean of quarter 31.00439

Mean of quarter 41.07343

Inter Quartile Range0.02085

Number outliers low4.00000

Percentage of outliers low0.07273

Mean of outliers low0.96015

Number of outliers high5.00000

Percentage of outliers high0.09091

Mean of outliers high1.13588
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.00000

VaR(95%) (moments method)0.00000

Expected Shortfall (moments method)0.00000

Extreme Value Index (regression method)0.83788

VaR(95%) (regression method)0.02781

Expected Shortfall (regression method)0.03544
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations6.00000

Minimum0.02136

Quartile 10.02688

Median0.03408

Quartile 30.03929

Maximum0.06900

Mean of quarter 10.02315

Mean of quarter 20.03272

Mean of quarter 30.03543

Mean of quarter 40.05479

Inter Quartile Range0.01241

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.16667

Mean of outliers high0.06900
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)0.00000

VaR(95%) (moments method)0.00000

Expected Shortfall (moments method)0.00000

Extreme Value Index (regression method)0.00000

VaR(95%) (regression method)0.00000

Expected Shortfall (regression method)0.00000
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.25608

Compounded annual return (geometric extrapolation)0.18460

Calmar ratio (compounded annual return / max draw down)2.67519

Compounded annual return / average of 25% largest draw downs3.36935

Compounded annual return / Expected Shortfall lognormal2.33310

0.00000

0.00000
 Analysis based on DAILY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean0.16513

SD0.22676

Sharpe ratio (Glass type estimate)0.72820

Sharpe ratio (Hedges UMVUE)0.72775

df1212.00000

t1.56687

p0.47752

Lowerbound of 95% confidence interval for Sharpe Ratio0.18328

Upperbound of 95% confidence interval for Sharpe Ratio1.63943

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.18360

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.63911
 Statistics related to Sortino ratio

Sortino ratio1.22268

Upside Potential Ratio5.32353

Upside part of mean0.71895

Downside part of mean0.55383

Upside SD0.18232

Downside SD0.13505

N nonnegative terms217.00000

N negative terms996.00000
 Statistics related to linear regression on benchmark

N of observations1213.00000

Mean of predictor0.21362

Mean of criterion0.16513

SD of predictor0.22088

SD of criterion0.22676

Covariance0.00126

r0.02521

b (slope, estimate of beta)0.02588

a (intercept, estimate of alpha)0.17100

Mean Square Error0.05143

DF error1211.00000

t(b)0.87748

p(b)0.51605

t(a)1.61629

p(a)0.47047

Lowerbound of 95% confidence interval for beta0.08374

Upperbound of 95% confidence interval for beta0.03198

Lowerbound of 95% confidence interval for alpha0.03649

Upperbound of 95% confidence interval for alpha0.37780

Treynor index (mean / b)6.38090

Jensen alpha (a)0.17065
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.13980

SD0.22410

Sharpe ratio (Glass type estimate)0.62381

Sharpe ratio (Hedges UMVUE)0.62342

df1212.00000

t1.34224

p0.48074

Lowerbound of 95% confidence interval for Sharpe Ratio0.28753

Upperbound of 95% confidence interval for Sharpe Ratio1.53494

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.28781

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.53465
 Statistics related to Sortino ratio

Sortino ratio1.00467

Upside Potential Ratio5.05262

Upside part of mean0.70305

Downside part of mean0.56326

Upside SD0.17576

Downside SD0.13915

N nonnegative terms217.00000

N negative terms996.00000
 Statistics related to linear regression on benchmark

N of observations1213.00000

Mean of predictor0.18914

Mean of criterion0.13980

SD of predictor0.22100

SD of criterion0.22410

Covariance0.00124

r0.02499

b (slope, estimate of beta)0.02534

a (intercept, estimate of alpha)0.14459

Mean Square Error0.05023

DF error1211.00000

t(b)0.86975

p(b)0.51590

t(a)1.38617

p(a)0.47467

Lowerbound of 95% confidence interval for beta0.08249

Upperbound of 95% confidence interval for beta0.03181

Lowerbound of 95% confidence interval for alpha0.06005

Upperbound of 95% confidence interval for alpha0.34923

Treynor index (mean / b)5.51778

Jensen alpha (a)0.14459
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.02199

Expected Shortfall on VaR0.02762
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00650

Expected Shortfall on VaR0.01429
 ORDER STATISTICS
 Quartiles of return rates

Number of observations1213.00000

Minimum0.88980

Quartile 11.00000

Median1.00000

Quartile 31.00000

Maximum1.15140

Mean of quarter 10.99191

Mean of quarter 21.00000

Mean of quarter 31.00000

Mean of quarter 41.01106

Inter Quartile Range0.00000

Number outliers low203.00000

Percentage of outliers low0.16735

Mean of outliers low0.98789

Number of outliers high227.00000

Percentage of outliers high0.18714

Mean of outliers high1.01477
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.32730

VaR(95%) (moments method)0.00354

Expected Shortfall (moments method)0.00794

Extreme Value Index (regression method)0.26262

VaR(95%) (regression method)0.00773

Expected Shortfall (regression method)0.01786
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations38.00000

Minimum0.00053

Quartile 10.01411

Median0.02790

Quartile 30.06411

Maximum0.11255

Mean of quarter 10.00460

Mean of quarter 20.02058

Mean of quarter 30.04576

Mean of quarter 40.08773

Inter Quartile Range0.04999

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high0.00000

Percentage of outliers high0.00000

Mean of outliers high0.00000
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)0.45963

VaR(95%) (moments method)0.09751

Expected Shortfall (moments method)0.10700

Extreme Value Index (regression method)0.98857

VaR(95%) (regression method)0.08454

Expected Shortfall (regression method)0.08682
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.25351

Compounded annual return (geometric extrapolation)0.18258

Calmar ratio (compounded annual return / max draw down)1.62232

Compounded annual return / average of 25% largest draw downs2.08119

Compounded annual return / Expected Shortfall lognormal6.60995

0.00000

0.00000
 Analysis based on DAILY values, last 6 months only
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean0.02791

SD0.00000

Sharpe ratio (Glass type estimate)0.00000

Sharpe ratio (Hedges UMVUE)0.00000

df0.00000

t0.00000

p0.00000

Lowerbound of 95% confidence interval for Sharpe Ratio0.00000

Upperbound of 95% confidence interval for Sharpe Ratio0.00000

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.00000

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation0.00000
 Statistics related to Sortino ratio

Sortino ratio16.18640

Upside Potential Ratio0.00000

Upside part of mean0.00000

Downside part of mean0.02791

Upside SD0.00000

Downside SD0.00172

N nonnegative terms0.00000

N negative terms131.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.60201

Mean of criterion0.02791

SD of predictor0.19665

SD of criterion0.00000

Covariance0.00000

r0.00000

b (slope, estimate of beta)0.00000

a (intercept, estimate of alpha)0.00000

Mean Square Error0.00000

DF error0.00000

t(b)0.00000

p(b)0.00000

t(a)0.00000

p(a)0.00000

Lowerbound of 95% confidence interval for beta0.00000

Upperbound of 95% confidence interval for beta0.00000

Lowerbound of 95% confidence interval for alpha0.00000

Upperbound of 95% confidence interval for alpha0.00000

Treynor index (mean / b)0.00000

Jensen alpha (a)0.00000
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.02791

SD0.00000

Sharpe ratio (Glass type estimate)9748420000000000.00000

Sharpe ratio (Hedges UMVUE)9692070000000000.00000

df130.00000

t6893170000000000.00000

p1.00000

Lowerbound of 95% confidence interval for Sharpe Ratio0.00000

Upperbound of 95% confidence interval for Sharpe Ratio0.00000

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation10870200000000000.00000

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation8513980000000000.00000
 Statistics related to Sortino ratio

Sortino ratio16.18640

Upside Potential Ratio0.00000

Upside part of mean0.00000

Downside part of mean0.02791

Upside SD0.00000

Downside SD0.00172

N nonnegative terms0.00000

N negative terms131.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.58201

Mean of criterion0.02791

SD of predictor0.19736

SD of criterion0.00000

Covariance0.00000

r0.00000

b (slope, estimate of beta)0.00000

a (intercept, estimate of alpha)0.02791

Mean Square Error0.00000

DF error129.00000

t(b)0.00000

p(b)0.50000

t(a)6754580000000000.00000

p(a)1.00000

Lowerbound of 95% confidence interval for beta0.00000

Upperbound of 95% confidence interval for beta0.00000

Lowerbound of 95% confidence interval for alpha0.02791

Upperbound of 95% confidence interval for alpha0.02791

Treynor index (mean / b)32588799999999998680843744706560.00000

Jensen alpha (a)0.02791
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.00011

Expected Shortfall on VaR0.00011
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00000

Expected Shortfall on VaR0.00000
 ORDER STATISTICS
 Quartiles of return rates

Number of observations131.00000

Minimum1.00000

Quartile 11.00000

Median1.00000

Quartile 31.00000

Maximum1.00000

Mean of quarter 11.00000

Mean of quarter 21.00000

Mean of quarter 31.00000

Mean of quarter 41.00000

Inter Quartile Range0.00000

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high0.00000

Percentage of outliers high0.00000

Mean of outliers high0.00000
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.00000

VaR(95%) (moments method)0.00000

Expected Shortfall (moments method)0.00000

Extreme Value Index (regression method)0.00000

VaR(95%) (regression method)0.00000

Expected Shortfall (regression method)0.00000
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations0.00000

Minimum0.00000

Quartile 10.00000

Median0.00000

Quartile 30.00000

Maximum0.00000

Mean of quarter 10.00000

Mean of quarter 20.00000

Mean of quarter 30.00000

Mean of quarter 40.00000

Inter Quartile Range0.00000

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high0.00000

Percentage of outliers high0.00000

Mean of outliers high0.00000
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)0.00000

VaR(95%) (moments method)0.00000

Expected Shortfall (moments method)0.00000

Extreme Value Index (regression method)0.00000

VaR(95%) (regression method)0.00000

Expected Shortfall (regression method)0.00000
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.00000

Compounded annual return (geometric extrapolation)0.00000

Calmar ratio (compounded annual return / max draw down)0.00000

Compounded annual return / average of 25% largest draw downs0.00000

Compounded annual return / Expected Shortfall lognormal0.00000
Strategy Description
Notice: Go to http://themarketpredictor.com/ to learn more about methodology and read my commentary!
FAQ
1. I see some fractional contracts why is that?
I've been so successful that my system equity grew to a point where I felt it made sense for me to "rescale" it down. This will make it easier for those with less capital to track me. The percent changes are the same except I'm penalized because the monthly fees are applied to a lower starting capital.
2. The after commissions performance doesn't look the best. What performance is possible?
The after commission is set by default to "typical" commissions which is too high for this system. If you use MBTrading or OpenECry, you will see a much better and more realistic result. Some traders may even achieve slightly better actual results then the after cost estimates (using cheaper brokers/better deals using Gen1). I have found this to be true at least on some days.
More Info:
1. I focus on directional timing strategies. The core strategy will not hold more then 1 position at any time. I do experiment and try to find creative edges.
2. I do use some leverage. Leverage can both magnify gains and losses and the differences both positive and negative are typically strongly modulated by volatility.
I vary my position size currently on a few factors: confidence, timeinmarket consideration, perceived risk, personal goals, and type of trade.
3. I do not use or believe in martingale strategies. However, I do believe that in certain rare cases the optimal course of action may require that one opens a new position on a position that is already underwater. I always try to take the optimal action. I may at unique times average into a trade.
4. Most of my trades are executed during the regular session and closed before or shortly after the close. I may hold positions up to a few days but currently my style is day trading.
5. I use multiple risk management strategies. First, I use the C2 constraint feature which sets a large autostop on each position. This is currently set at 3% but may be reduced or increased. I anticipate the range to stay between 2% and 3.5%. However, I often will set a tighter stop of only a few points shortly after entering a position. I rarely take losses in that range but it can happen.
6. I do trade distinctly different styles, and I do experiment. In some cases, I may shoot for a high win ratio and use targets and in other cases I may try to catch big trends. I always try to win. But, I'm, also, training, practicing, and trying to hone my techniques. Be wary of extrapolating a short history of my trading style into the future. During some periods, you may see my trading style change dramatically as I work on new skills or try out new ideas. I always try to win though.
7. My market calls could prove extremely valuable and profitable to the intraday trader and do promote my service as more then a trading system. I do feel my services could be invaluable in terms of intraday decision support.
8. I have found that setting hard/inflexible rules does not bring out the best in my performance. Instead, I've found that having a general plan and guidelines to be more effective. Thus, one should view this plan as a workinprogress and as a general guidelines or blue print. This plan will be updated as time goes on and changes may be made without explicit notification.
9. My performance may vary as I change my personal goals. My current goals are to be consistently profitable, and my new goal is to produce returns in the 50% to 120% range. Higher returns require taking a higher risk. Please note that risk will be higher going forward. The previous maximum risk likely understate the future risks.
10. As noted, I do take experimental trades and vary my position size. If you autotrade either issue may be an important consideration. I advise to monitor and evaluate your risk tolerance carefully.

This system is open only to individual subscribers, retail traders, and independent professional traders. If you are a broker, hedge fund manager, or proprietary trading group please contact me for rates and/or partnership opportunities. Signals may not be reproduced without permission.
Warning:
This system, as any trading system, is host to both known and unknown risk. Significant loss including total account loss is a distinct possibility with any system. Past performance is no guarantee of future profits. I am not a financial professional and can not, and do not, offer investment advice.
No warranty is implied or guaranteed. As system is discretionary, adaptation or changes to all rules, style of trading, position sizing, and use of leverage may take place at any time without warning or notification. You agree to not hold me liable for any order entry mistakes, timing delays, or other failures. By signing up for my system you acknowledge all of these risks and unspecified risk and agree to not hold me liable for any losses. Any claims are my opinion and not the claims of my employer.
Please don't even *THINK* about trading this system unless you are prepared to lose up to 12% to 30% on a NORMAL downswing and more on a larger then anticipated downswing. I've set extremely high return goals for myself that will increase the risk going forward. Thanks!
Most values on this page (including the Strategy Equity Chart, above) have been adjusted by estimated trading commissions and subscription costs.
Some advanced users find it useful to see "raw" Model Account values. These numbers do not include any commissions, fees, subscription costs, or dividend actions.
Strategy developers can "archive" strategies at any time. This means the strategy Model Account is reset to its initial level and the trade list cleared. However, all archived track records are permanently preserved for evaluation by potential subscribers.
About the results you see on this Web site
Past results are not necessarily indicative of future results.
These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have underor overcompensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.
In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
Material assumptions and methods used when calculating results
The following are material assumptions used when calculating any hypothetical monthly results that appear on our web site.
 Profits are reinvested. We assume profits (when there are profits) are reinvested in the trading strategy.
 Starting investment size. For any trading strategy on our site, hypothetical results are based on the assumption that you invested the starting amount shown on the strategy's performance chart. In some cases, nominal dollar amounts on the equity chart have been rescaled downward to make current goforward trading sizes more manageable. In these cases, it may not have been possible to trade the strategy historically at the equity levels shown on the chart, and a higher minimum capital was required in the past.
 All fees are included. When calculating cumulative returns, we try to estimate and include all the fees a typical trader incurs when AutoTrading using AutoTrade technology. This includes the subscription cost of the strategy, plus any pertrade AutoTrade fees, plus estimated broker commissions if any.
 "Max Drawdown" Calculation Method. We calculate the Max Drawdown statistic as follows. Our computer software looks at the equity chart of the system in question and finds the largest percentage amount that the equity chart ever declines from a local "peak" to a subsequent point in time (thus this is formally called "Maximum Peak to Valley Drawdown.") While this is useful information when evaluating trading systems, you should keep in mind that past performance does not guarantee future results. Therefore, future drawdowns may be larger than the historical maximum drawdowns you see here.
Trading is risky
There is a substantial risk of loss in futures and forex trading. Online trading of stocks and options is extremely risky. Assume you will lose money. Don't trade with money you cannot afford to lose.
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Strategy is now visible
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Strategy is no longer visible
This strategy is no longer visible to anyone except current subscribers.
(Current subscribers will remain subscribed. You can see who is subscribed, and control their subscriptions, on your Subscriber Management screen.)
Finally, please note that you can restore public visibility at any time.
This strategy is no longer visible to the public. No subscribers will be allowed.
You can restore public visibility at any time.
Suggested Minimum Capital
This is our estimate of the minimum amount of capital to follow a strategy, assuming you use the smallest reasonable AutoTrade Scaling % for the strategy.