This trader has done a great job in the month or so that I have been subscribing, far outperforming all other systems I have used recently. As another reviewer said, good discipline, limits, stops - and most of all consistent. HIGHLY recommended.
Vendor doesn't use stops to control risk and lets losses run in hope that the long-term trend will eventually be resumed. This strategy worked great for him in the beginning, but with the recent choppy markets it went all bust. Lost about 80% of my account in the past few days. Stay away.
Excellent system. Disciplined trader uses stops and limits to control trades. Win ratio is low but gains are consistent due to disciplined strategy. Highly recommended.
Since May 20th, this system has lost US$ 3,458. For a 10K account, that is 35% drawdown. I am not sure what to believe, the good past or the bad present. For the moment I will stay at the sidelines.
I have unsubscribed. I could not get it to work with IB and Trade bullet: was stuck with CHF and had to get out manually loosing a lot of money in process. I did not like trading style with a lot of conditional entries and cancellations. I do not have confidence in this system and set up is not working for me.
I have known the vendor for some time now and know the amount of thought and effort that has gone into MVP over the years. I feel confident that MVP will continue to significantly outperform in the future. Sure there will be some losing trades but after having been trading MVP for six or seven months my two regrets are (a) that I did not subscribe earlier and (b) that (once bitten twice shy by other systems) I did not allocate more funds when I started trading it. Good job.
The trader tries to do a good job catching counter trends, and while the profitable trades to loses is exceptional over a 12 month period, the risk to reward seems (or at this time of this review) to be out of skew which may be as a result is showing more frequent losses in recent months plus the change in market dynamics in recent months as well might be posing an issue - not sure.
I agree with the other reviews in April and May 08. Glad I got out mid April. MDD 60.5% now. Subscribed for 1 month and lost $6K. Learned a lesson. This vendor insists on being right with his "insightful" commentaries, regardless of market direction, at subscribers' expense. Oversized positions, averaging down and adding to losers. Among the worst Sharpe and Sortino ratios I've seen.
Mostly OK system. Have a few reservations though - too slow to recognise a change in the macro picture (persisted with shorts when clearly game had changed to range trading), also - slippage in reality is much worse than posted on C2 - BEWARE!!
Since this is beat-up Main QQQQ month, I'll gladly pile on in support of the May 6 reviewer who said "shame on me for subscribing." I also subscribed right at the peak, lost $600 and 1-month subscription money, and also blame myself only for putting my neck in the noose once again. But I'm not so much blaming Main QQQQ as the entire C2 company. As long as "vendors" don't have to verify their broker's statements, you'll get exactly what happens here. Paper trading certainly emboldens a C2 "vendor" to do anything he/she wants, doesn't it? I don't care how loudly the "vendor" claims he's using his real money - if it isn't verified, it isn't verified. End of story. The only real money is the subscriber's. Subscribe here at your own risk, folks.
Don't blame the system for its breakdown; blame me for subscribing. I bought at its peak, and just like every other system I've tried, it collapses when I start using it. I never achieve prospectively the success that a system purports when I start. Makes me wonder...
The problem with this method is that the developer consistently over trades his equity. If he would enter an appropriate number of contracts for the size of his equity and keep it consistent as the equity grows he could add contracts and he would have something that could be traded. 50% drawdowns are unrealistic as is doubling up to catch up and continually adding to a losing position. His won/loss ratio is okay, but money management is poor.
Need good nerves.. and a big account. It´s a "waiting for the big one" system - that big one does come once in a while. Does it offset all the losers? We will see..
It is too bad the vendor doesn't communicate ... at all. There isn't a significant system description nor any replies to private messages. We are holding a pretty big loss now for two weeks, it would be nice to know more about this system. I would be willing to revise my review if there was better salesmanship by the vendor.
Pipsociety is exactly as advertised. The trades taken are have large take profit and stop loss values and are infrequent enough that anyone should be able to experience almost identical results no matter your broker.
The trickiest part for me is determining my lot size. I've been using a ratio of my balance to the system balance. and applying it to the lot size of the called trade. For example if I have 50k in my account and the C2 account has 150k I know I have 1/3 the money as C2 account so I take 1/3 the position that is called.
If you are looking for a system that is profitable, laid-back, and more importantly REPLICABLE! Then look no further.
There are a lot of things that MMO is not good for me:
1) Orders always at market or @stop that has already been crossed when you check, means you have to check mail every 10 minutes (no autotrade here).
2) NO STOP LOSS with orders.
3) Too much fluctuation allowed. Look at the chart. Cut the losses please....
4) Comments on email are fun but "moody". Example: A)"In case the dollar goes up, we want to be ready" selling 11 contracts before it happens or "If it goes as we think, stock market rally and dollar recovery, the Yen should sell-off as well" And it sell 11 contracts again..... TOO RISKY
5) Orders are given anytime during the day, not before opening with a stop order.
6) Only before market opening, stop entry with stop orders systems should have anything above 60% imho.
MMO appears to be a truly novel approach to trading. Based upon mood oscillations in the major market-affecting components of society, market moves are inferred from these trends. In other words, MMO is based upon the premise that people move the markets, and not the reverse. All of this is explained in considerable detail in the vendor's monthly newsletter, along with (get this!) predicted trends for the entire month. The system, while still quite new, has racked up some amazing statistics, and returns thus far have been great. MMO is utterly fascinating, and certainly bears watching closely over the coming months.
I trade with pretty tight spreads, and have watched 4 live trades. I was stopped in the trade on 3/11 and then stopped right out - yet C2 showed a huge gain. Also on 3/26, there was a short USDCHF trade. I put my stop 1.5 pips above the posted stop and I was stopped out. So unless you trade where C2 does - I guess I would recommend to avoid trading this system at your own broker.
