I have been monitoring this system for a couple of months and paper traded for a month. After watching a couple of months I decided to trade the system in my account from last week and immediately reaped benefits. Very easy to follow the signals and replicate. This System's developer David is very knowledgeble and responsive. I shall trade it for a few more months and re-rate the system.
I made a mistake subscribing to this system. He entered a bad position more than a month ago and seems to be holding on just with the hope that it will get well. Refuses to supply backtest results of individual trades, just gives year's % gains...it's policy. Fool me once, shame on you, fool me twice, shame on me. there will not be a 2nd month.
Powerful! +700 pips in a "bad month." +1500(+) pips in good ones! I tell everyone I know about this system. I trade it manually and it is very easy to follow. Price was lowered - I don't know why. It was cheap before but now $49 per profitable trade is stupid cheap. I trade 2 lots (they warn about overleveraging) and make an average of $1K-$2K per profitable trade. Losses can be large but inefrequent, and the winners far overpower the losers. Don't get greedy with lot sizes... you'll make plenty even with small sized lots. 5 stars!
This guy really knows this particular pair and how to profit from it. I've been subscribed to the system for a little over a month and have had about 25 profitable trades (for 20 cents per share minus slippage and commissions) and one small loser (for about 10 cents per share). I don't trade from the C2 signals -- I instead trade based on the short-term advice he posts before the beginning of each day (telling what direction to trade and the spread thresholds to trade at). My only reasons for not giving it a 5-star rating are 1) It is not a complete system that you can dedicate a whole portfolio to (since only one pair is covered) and 2) for those trading from the C2 signals, some profitable trades are missed by the system creator.
Overall, I'm very impressed.
Still a new system, but so far has been very profitable and easy to replicate manually. Developer has been very responsive. Good for small accounts. Recommended.
Since Dec2007, the system only traded seleted days, but is still subject to randomness. This system tries to time a rebounce (guessing the morning or afternoon) for the next day in YM. However, as technology advances, the rebounce happens at a faster pace year over year. Maybe the system should target 2 hours instead half day and make decisions as late as possible (not last night).
The vendor had over 2 months here to show with real, validated trades how he made the 300% profit he claims he made in the Fibonacci-Value portfolio at Intelligentvalue.com during its first 12 months. The Intelligentvalue.com closed trades are faked: they use the buyprice as the previous day's close, after the vendor has already confirmed a significant gain in the stock on the day the alert is made. At C2 he can't use such fakery, which is why the equity curve here is real and the equity curve in the Intelligentvalue portfolio is faked. Don't fall for the Intelligentvalue systems and don't fall for his C2 systems either. The only wonder is why this guy would expose himself to the truth at C2.
I have received a mail from C2 that the owner of the trading system, Larry FX, will no longer allow "Free AutoTrader Subscriptions." Very nice. He could wait (at least) until we'll resolve the money we have lost at him since mid November.
I have been with this system for 3 months so far and very happy with the results. I have it auotraded and today I review my account and its up more than 50%. Keep up the good work !
After only 9 trading sessions I decided to unsubscribe from mwz. Here were my reasons
- Trading frequency shut over 3 times historical average making $30,000, which I have allocated to this system, too small to be viable.
- Discrepancy between reported and my own performance was too high.
- Vendor did not respond to my questions.
- I did not have a stomach for combination of high leverage, short selling and in some cases >50% of equity going to a single security.
For more info please see robdubik.blogspot.com
PS. Realism factor of 127 is a glitch in C2. It came about after vendor reset trading capital to $100k. Actual realism is very low.
I think these guys at TMG are the most honest and hard working people for the benefit of their subscribers. Sure, sometimes the markets get crazy and no systems work, but their TMG system is robust and when markets return to normal TMG will catch the returns. As you can see from November and after, the system got back on track in a big hurry. Patience is a virtue in this game and the turtle wins the race. A++ for all the guys at TMG and shame on all the bashers.
Looks like a good system, but I never received a single alert during my entire 15-day subscription time, could be a long swing period, could be abandoned?
Same experience here. System is not good for autotrading at OpenECry at the moment. Hypothetically, the system has to make good profits but after two weeks i've lost 20% of my balance in demo
Stopped autotrading this system this morning. Have followed it using an OpenECry demo account for 10 days, but the demo account got out of sync with the hypothetical trades quite frequently resulting in a significant difference in performance. Lots of order cancellations with some cancellations arriving after order's already gone through resulting in the out-of-sync conditions. C2's sync technology not correcting the situation. Too many transactions to follow the system manually. Looked good on paper, but would barely have broken even after commissions.
I discovered the auto systems experts here at C2 and was very drawn to Craig's S&P index system and impressive results. Since joining we've been bruised a little but I'm confident Craig can regain his pattern of 3 steps forward and 1.5 back that got him to this point. Craig is going to get a few more weeks to coil his spring in a matter of speaking. All system that can deliver over 100% have heathy draw down at times. I'm giving Craig the benefit of the doubt here that his signals and methods are sound. I'll set my figurative stop loss down 20% from here on out with Craig, but he'll not let that trigger. He and the S&P will get in synch soon enough.
The trader sends unreliable signals. he make too many cancelation and adjustments to his signals. Also the signals are sent with random times.
Although this is a medium term system, you need to sit infront of your PC 24 hours not only to receive the signals, but also to make the changes/cancellation of the signals. and if you don't do that you lose a huge amount of pips since he use +300 pips stoploss.
I think he does not have solid technical analysis. though, he have very good news and fundamental analysis.
One of my major complaints, more about C2 than this system, results should be based on a more realistic starting number, like $10K. From Aug 1st onward, results with a starting capital of 10 K return is about 20% w/o margin. The drawdown in the last several trades is a higher risk than the returns for these trades has justified. I'll stay for a couple more months, but my present feelings are lukewarm at best. FWIW the pissing contest developing between this developer and the TMG guys…it detracts from what this sight is for. Bashing other systems does not reflect well. Rely on promoting your system on the strength of its results and don't feel that it is necessary to criticize what other people are doing. "Build the better mouse trap and the world will beat a path to your door"
Vendor personality: very friendly, attentive. Level of trading: amateur. Don't subscribe to this system! After increasing his subscription fee 10-fold, he rewarded his subscribers with a 60% drawdown. Now, the system looks like Pannonia I. Thank goodness I got out during the trial period and didn't suffer any losses.
I have been thinking about subscribing to this system but I am concerned as to why November is showing a 13% loss. What has changed to cause this drop ?? is something being done about it
Don't fall for it. 1) Real-life losing trades far exceed 95% win rate of backtest results developer emails subscribers. 2) Developer's 2 other systems are losers 3) Appears developer has integrity issues: bashes other c2 systems. Nov 29 2007 emails subscribers, "This (trade) is going to be a piece of cake." Trade loses money immediately. 4) Emails subscribers a backtest severely lacking in robustness, includes only 2 years of data. 5) Name is misleading, neither scalping system nor pairs trading, but a fair value prediction system. 6) Directional price prediction is, according to most research is futile (Fama). 7) Sometimes parks orders until 9:28 EST, implying system allows for discretion. 8) Seems to have a limited history as a developer, appearing to have graduated college in 2006.
I would like the operator of this system to explain why November results have been so bad. Have you changed your methods.. why are you down over 20%. I am wondering if if is worthwhile continuing with this loss making system unless there are very very good reasons
