Fundamentals only
Way too few trades to judge. The current profits are as easily attributable to riding the direction of the dollar, so cannot judge if this thing works or not. It might take a year to determine this...
THE SUBSCRIBER PERSPECTIVE
Strategy reviews
Real experiences. In subscribers' own words.
Read what worked, what didn't, and what it was like to follow a strategy.
ATForex
System performing well at the moment. It was disconcerting when the large drawdown occured. A stop loss would have shown better money management, so only 3 stars at the moment.
slow and steady
I started autotrading Slow and Steady with a demo account at OpenECry and liked the consistent and reliable style of the trader. I am now autotrading this system and seeing decent returns (still with OEC). There are occasional drawdowns but the recovery of these is excellent and communication back to subscribers is solid. I feel there is a good approach to risk management in place and the incremental gains are certainly rewarding the trust in this trader. I am hoping that he can continue to deliver this well for the next year.
Legacy Merlin
TMG are very good at posting false information about their back testing and then increasing their sub fees. Well done keep it up. Feed people some more rubbish and when you get couple of weeks of lucky results just double your subs.
No fuss
I joined just as the profit run ended. The trades are generally profitable, but to me it is clear that they are based on a system that does not feature intimate knowledge of the markets, perhaps it is 99% technicals? I say this because often the entries match the selections that a beginner trader might make based on logic and a "gut" feeling rather than true market knowledge/experience. While I have respect for the (initial, anyways) success of the system, I have ceased trading it and am unsubscribed. I wish the author the best of luck - but the system does not suit my tastes right now.
Treasury Scalper
It was a misake for me to start autotrading this system when it had a large profit in its existing position. Instead of "scalping" the system sat on a single position for 4 trading days let +$700 and - $700 swings go by until I ended up with significant loss. I wish C2 had a system whereby when an account starts Auto Trading new money could only be entered into NEW trade signals.
Legacy Merlin
Despite all the excuses coming from the developers the reality is that this system has not made a penny in about 10 months. The scary part is that looking at the results of backtesting this seems almost impossible to happen. So it is my opinion that the results achieved during backtesting are the result of pure datamining.
BIG CAT
I have been autotrading 10K for a week and lost about $700 plus $500 sub. I suppose you need at least half a mill for this system to make money. With only 10k - oscillation seems to kill any profit, combine that with commissions, and you get badly burnt. For the masses (me) only 2, for the wealthy, a 4 star rating. To give the developers credit, it does appear to be a clever system, with an impressively smooth equity curve. I only wish it took account of traders like me who can't afford to risk six figure sums.
mwz
Very good system for automatic trading.
slow and steady
I had pretty much given up on C2 since I had subscribed to a few systems that had nice curves and history, only to be wiped out soon after. Many systems do not provide the proper allocation scaling for trading via C2 (A science unto itself). However, I thought I would try this since it seemed the vendor was active in the forums. The vendor is not only an excellent trader, but he emails subscribers if he is going to hold a position overnight; a valuable trait if your broker's margin is a bit steep. He also emails you to update his thoughts on a current trade. He has recently scaled the system so you can allocate your trades in 10% increments as explained very thoroughly on this intro page. So, I recommend this system. It's profitable and provided by a gentleman with integrity.
SNIPER ¤ 4X
You will find trading systems with equity curves like this one all over C2. The rapid collapse after a large drawdown is the hallmark of an amateur that cannot deal with changing market conditions and/or their own psychology.
The lesson for everyone is set your own drawdown limits and shut down trading when they have been reached. Don’t attempt to ride it out because 9 out of 10 amateurs will simply run a system into the ground once a certain threshold has been breached.
Pannonia II
i tested this system for 1 week auto trading on the open e cry demo account, no trades where taken ... (also on the collective2 site there are no real fills posted just the Light gray=hypothetical prices ones)
hope this system goes soon online.
slow and steady
I've tried 8 other systems this past year and this is the best! Far and above the others. He doesn't start a trade and let it play through with out watching it. Because I can see that Craig adjusts to the market as he move through each trade, if needed. He's signals are accurate. His nerves are steady and calm. He is disciplined. His money management skills are very good. Drawdowns are kept to a minimum. Profitable trades are as reported. Auto trading through TB to IB. Looking into C2 generation 2 to Open E Cry.
mwz
This is a system with lots of scrapping trades every day but you do not make any money at the end of day. I do not really believe the owner can consistently make money even the equity curve looks good. I am just in this system for two or three weeks and I am unsubscribing now. It is really not worth the dramatically increased monthly charge.
slow and steady
His record speaks for itself -- great trader!
Team Aphid Bird
A little tough to follow manually, and the performance has been flat since I started, but I consider that pretty good. Most large managers with hundreds of millions in FX under management are in serious drawdowns at the moment. That shows this is a pretty tough market period, and this vendor has done ok.
SNIPER ¤ 4X
Terrible performance! The system had a high return low risk when I joined, but since then has blown up. The system survived the initial financial market turmoil OK, but more recently has just continued to crash, with the drawdown being much higher than its previous maximum. The system trades very heavily (often for very small number of pips gain) and thus also costs a huge amount in autotrade fees (not included in the performance figures!!!!!), so the actual returns are much lower (and drawdown much bigger) than claimed. My calculations show this would detract about 100% per annum from performance.
It is very dissapointing that this system has gone like so many others on C2 - look good for quite a while, and then blow away all of the gains in no time.
SNIPER ¤ 4X
Started well but turned into a consistent looser at the end of august. too many trades a day, e.g. today 4/10/2007: 7 entries, 4 closed loosers, 2 unclosed loosers, 1 unclosed gainer. something is going wrong here. less is sometimes more ...
No fuss
started autotrading "no fuss" a month ago and I am very satisfied with the results. Each trade has clear stop loss and profit target. They only thing I do not understand is why the stop of winning trades is never updated. If they turn to loosers before reaching the target, the initial stop is still in place and results in biggers loss than necessary.
The Trading Digest Portfolio
I've been using The Trading Digest Portfolio for 7 months now. Wow! The 40%+ return has definitely helped boost the portfolio. It is easy to use. Orders can be placed the night before so perfect for West Coasters.
The key to the system is to follow the system. No matter what. No one wants to be in a losing trade, but the winners here easliy surpass the losers. Only if you follow the signals.
EASY.
I highly recommend this system and to stick with it.. don't give up after the free trial ...this is a long term strategy using swing trades building wealth one day at a time. You soon will be "not hurting".
Russell 2000 seasonality
Very effective and simple to follow system. Consistently profitable and thanks to stop loss orders a much improved experience compared to earlier trades.
slow and steady
The system is called slow and steady, but its gains have been anything but slow. If you want to profit in eMini S&P futures, THIS IS YOUR SYSTEM. I’ve traded it since 8/3/07 and AutoTraded via IB/TradeBullet (scales well). You can see that during even the most trying market (many other systems died), s&s performed very well. A better word for the "slow" aspect of s&s is "disciplined”. This is key: When subscribing, you get more than trade signals. You get the skills of the man behind it, who plans the trades well, doesn't flinch, and is disciplined and skilled enough to improve the basis when he can (see description). You get exactly what is advertised: consistent profits with little drawdown. In short, it's a great system with a top-notch trader behind it. Sign up for a trial and see!
WildCard
I tried to follow the trades manually and found that frustrating and profitless. The scalps are frequently too close to negotiate with market trades (regardless of estimated fills) or with limit trades. The system overtrades for my style I lost confidence in the direction of the trades. Perhaps the system simply losses efficiency going through the C2 or email communication processes. I did not try to autotrade and would be doubtful of its success due to the tight speads.
The Trading Digest Portfolio
I am not a trader (yet), but wanted to learn about it. I found Dave's Blog and followed along for a few months before becomming a subscriber to his system. Working full time hinders my ability to follow along during the day, so entering the orders the night before the next days trading session is a big plus for me. The system is very realistic, the fills match the C2 indicated fills. I have been very happy with the performance thus far (March 2007). It is certainly a system to trade for the long term (which suits my approach to the markets)!
VN Forex Club
Like many other, I joined when the system had a very high return, low drawdown. Unfortunately like many other systems on C2, this system has fallen apart. It started with the vendors "love affair" with the Yen (especially GBPJPY), where numerous losses were taken going long, when the pair were in a sustained down trend. More than 50% of the trades were Yen related. The vendor had changed the way he was trading, and then I think he lost his nerve, and has unintenionally changed the way he is trading. The system has had runs of 10 losers in a row, and now another 6 in a row (and two more open that are in loss). This has made the systems current return vs drawdown not acceptable. Even if I had not got in at the peak, I would now have severe doubts about this system.