Vendor appears to have given up. At one time, when it was run on EliteTrader, this was a viable system. No longer. No trades for months, vendor website is down, no cummunication from the vendor...
not yet convinced this will hold up in the longterm. Although the system has interesting stats, using all stop orders to get INTO the market exposes you to constant pullbacks. The idea seems to be to get in on breakouts, but you can get clusters of wins and clusters of losses. The losses are likely to shave a small trader's portfolio suddenly. You get most of the new orders on Monday afternoon. Small traders should only put in those trades with SMALL margins, and learn to feel their way through firstl
I was a subscriber. I wish the developer well. He wins one for persistence and for lots of great trades. But the new subscriber must be careful of the draw downs. They are real. I was undercapitalized for this system and got bit three times. You may reach $1M in two years, yes. But it will be a roller coaster ride. Developer, please honor the 55 pip stop you publish.
After going nowhere for a year since last June, a slight uptick possibly linked to the last several month rise. Still has weak, anemic stats of: 1) profit factor (1.2 --- total wins/total losses) suggesting this is mostly a random system and 2) APD (.07 --- avg trade drawdown of $100 for every $7 banked) showing possible unwillingness to take losses. Does not really seem worth trading unless can build on June uptick, with statistics improvements also (at least 1.3-1.4 PF and APD at least 0.15-0.20). System probably more fairly priced at $75-$100, but should be watched, not traded.
Not for IRA's all positions are STO.
Trades opposing Proshares and Ultra Proshares simultaneously and occasionally trades a few options.
The program has a nice equity curve but I am unable to make sense of it.
I would like to hear from others that might have a clue as to whats going on.
This is a "one of a kind" system worth checking out just for the entertainment value of a puzzle.
Well there goes another $1000 on a bad trade. I joined this system in March, now it is May and I think anybody could loose money as good as this system. Who need a computer to find these trades? I could have just buy and hold QLD or QQQQ and beat this thing by a mile.
Last 15 trades in April - May, 3 wins, 12 LOSSES
In Feb-March 2009, 15 trades, 13 wins, 2 losses.
System owner says " the parameters are never changed and this is an essential condition to guarantee constant and robust results."
One month you have 13 wins out of 15 trades and another you have 12 losses. This is a roller coaster system and if you would like to have fun and excitement, real rolller coasters are much cheaper.
Be careful if you are using this system. There is no stop loss and at one point it sinked to negative $100K, 200K and 300K. You will burn your money with this system.
No particular trading methodology visible, as reflected in the results. communication with the trader was ineffective. Absolutely NOT worth a cent of subscription $!! Just dont bother, unless you have money to throw away!
Deluded know-nothing who sends out pep-talk emails to compensate for his inability to trade profitably. Makes claims such as "there will almost always be a day during a month that covers the fee" - and does not live up to them. Avoid this guy, and his motivational emails.
Two weeks back I subscribed to this system. And I am really positively subscribed. It was so far very successful (made up the monthly fee on the very first day) and provided excellent return. While others would brag about their results Kevin simply warns not to overtrade, because drawdowns will come. This I regard as highly responsible. Moreover, he is very open and communicative. So, I fully believe, this is system that will last.. - with very good results.
In his forum and in private messages, Kevin answered all of my questions with detail and openness. The transparency, and, yes, profitable historical results, convinced me to try his Gen2 system. The returns have thus far (after only 2 weeks) exceeded my expectations. The risk per trade (on one contract) has been low, and the slippage via auto-trading has been zero. Most importantly, Kevin advises proper money management, which is the cornerstone of long-term success.
System show good Results. Kevin Davey informs every weekend about the Results and warns Trader about overtrading. I like his weekly statements and his warnings.
I've only been trading this system for 3 weeks, so it's too early to give it 5 stars. However, I've had 5 fairly large winners and no losers in that time and my actual fills have been as good or better than C2's fills.