I am manually trading this system for 3 months now.
This system buys and sells OTM calls and puts. There are always 2 "legs". One leg will always loose while the other one is in profit. The difference is your profit. Very easy to follow and a very helpful vendor.
The System doesn’t works now. I think it would be better to choose another system. The average per winning trade is 1200$ and the average per loosing trade is 1533$ in the last four month. But the win/loss ratio drops from 80% to 50%. It was a very gut system, but it would be better to wait until the win/loss ratio arises again to 75%.
Nice steady pace. Well managed trades in forex. The system is suitable not only for auto trading. Signals are clear and sent during congestion so there is plenty of time to enter a trade. The vendor keeps eye on trades and although he is not very communicative he is very prompt in responding to your emails. I trade the signals manually and I’m able to achieve the same or even better results than those presented in C2.
“Keep doing a great job and don’t forget on us – subscribers who’d like to stay in plus”.
I am surely disappointed.
I was pleased with your performance, and was watching closely your strategy. I was planning to place a very substantial sum, and I mean substantial, into your fund. Regrettably one day you appear to have placed very large trades, and neglected to follow them up. After making profits, they reversed sharply to make substantial losses, wiping out over fifty percent of my funds in a few hours. You had no stop loss levels, no trailing stops and obviously did not apply the basic principles of Technical Analysis on that day.
If you want to trade a consistently profitable day trading system then this is it. I have been looking for a system like this for a very long time. The developer is very honest and really wants the subscriber to succeed. Plenty of time to enter signals. Of course there is a little bit of slippage sometimes but what system doesn't? The developer knows what he is doing and amazes me everyday with some of his excellent trades. The developer believes in using proper risk to reward ratio which is a big plus. I honestly believe this is one of the best systems on c2 by far. If you are interested I would hurry up and join because I bet 20 spots will be filled up very quickly.
In case you wonder, I don't autotrade this system. I am not sure why it says I am an autotrader of the system.
Now, here is a guy I've grown to respect. Gabi knows his stuff, and when I disagree with him I'm typically wrong. If I had simply followed his trade advice instead of debating it I would be a lot richer today (7/24).
He is sometimes a bit too early in his signals (a day or 2), so maybe pausing to think before acting can be a good thing - but don't wait too long!
Easy to follow, few trades, small bets, however he does not like stops and will be whistling through the worst drawdowns, waiting for the market to "correct itself" (follow his logic). Scary, if he weren't as right.
For this reason, if you don't have his cold blood you may want to setup autotrade and never look at the open trades. Just wait for the closed ones to arrive via RSS - for they typically bring good news.
When a drawdown occurs - stop autotrading this system and run for cover!! I had to manually closeout positions to save skin. Good trader in normal times - just use money you can afford to risk.
PRIDE is the main driver of this system, going UP or going DOWN.
Managed by a self-reliant trader convict of his ideas, who is unafraid to make huge bets on his beliefs, this system can deliver loads of money when he is right. But when he stubbornly refuses to admit that he is wrong (even when the market gives him a break as in 7/21) then disaster is the next logical result. Good luck should he drive you into a wall going at full speed.
I did subscribe to it for a month and had it autotrading my account. Overall balance was positive, however I wasn't confident the vendor could understand well such diversity of markets, each with its own nuances. So I stopped autotrading. THANK GOD! Just a few days later (7/22), disaster: "What an awful day! Unbelievable! I just wanted to let you know that I didn't do anything different today than I've been doing- I didn't lose my mind, in case you were wondering. I didn't deviate from the system in any way, or exceed the max 7% risk per trade."
A few other systems I subscribed gave much better results than this, and cost 1/2 to 1/3 of the price only. If it charges $199 per month with infrequent trade signals, I would expect the prob of win is > 85%. This proves that higher price does not mean better!
I think that I would have traded better by just flipping a coin than by using this system. So I've un-subscribed it and never looked back again.
Since I joined over 3 months ago, the win ratio has dropped to 50%, and the system has lost money, including fees. Like another review says, the losers are bigger than the winners, and the trades go against the trend, when sometimes the trend is unstoppable. With such trade management, each entry has to be spot-on, to keep the high win ratio. The lateest trade, the vendor just entered too soon (short ER2 at open at 688), and then held on (despite going 5 points into profit at one stage) without even moving the stop. Eventually the ER2 uptrend resumed, and we got swept away, again for a bigger loss than any of the winners we've had.
It's a shame because this systems has done so well previously, is so highly regarded, and when the vendor gets it right, it's a pleasure to watch.
Boffo starts out with a specific & ambitious goal of $3k DAILY - then sets out to get it, whatever it takes. With his can-do attitude he starts early & stays late in the evening, if needed. If he fails you know he did his best, & chances are next day he will make up the difference. So this system is really a talented & hard-working trader. You must autotrade it, & you must trust HIM to deliver day-in-&-day-out.
Well, we are all fallible, & his bad day at the office can be costly. With many open positions, everyday he wins & loses MUCH more than $3k to reach this net goal. In an inevitable bad day, I fear the balance can tilt to the red fast. I wish he would then take the day off – that will be hard for him, but better for everybody. Lowering the goal would make all happier, & safer too.
The views of the reviewer on 17 July 2008 mirror my thoughts almost completely. I'd rate it higher simply because of it's performance and track record relative to other systems. Adjusting methods during drawdown is always concerning for me, too. I'd suggest anyone considering this sytem shoul Auto-trade it.
The system looks good on paper, but it is almost impossible to trade in reality (unless you autotrade). Many signals are entered late in the evening US time (in the middle of the night in Europe), making it hard to manually follow the system. The vendor enters stops and take profit limits with every trade, but then frequently changes them, often at the last minute when the price nears the stop level or the trade is re-entered immediately after having been stopped out. This has led to me being stopped out in my own trading on several occasions, only to find that the official system record is still in the trade. More worryingly, the reaction of the vendor to the recent drawdown was to announce changes to the system in order to "make back" the losses.
This system is overrated , take a day like today Friday July 11, 08 there is a major sell off on the gbp-jpy and a rally on the gbp-usd and yet this system issues no trade , and these are its major trading pairs. This was the same event over the last piror 2 weeks, after a major move it enter the market against the trend after the large move which lead to what you see now over 300 pip D/D. During this month Non Farm Payroll it kept 2 trades open which lose (Class 1 news release). WE all know that brokers will gap your stop and yet because the trades where in a lose before the release they just left it open and "Hoped and Prayed" unless you are a member you would not know their style of trading when they leave the trades open, It was the same event during UK retail sales both class 1 news.
The problem with this trader, on both his systems, is that he lets losers grow bigger than winners. That's worked fine with his very impressive win/lose ratio on Have Fun, but will it work here? After a month trading this, I'm slightly down, mostly to just a couple of big losing trades.
The other issue is that, similar to Have Fun, some trades appear risky, as a Have Fun reviewer said. Actually maybe risky isn't the right description; I've noticed the trades are excellent technical setups, but what sometimes seems missing is an appreciation of market sentiment and news, etc, leading to trades that are a bit TOO counter-trend.
Having said that, there's still the very impressive win ratio, on both this system, and especially Have Fun.
