I have been auto-trading Slow and Steady signals on a demo account at OpenECry since 1 month and I am seeing one of the most consistent traders I have ever known ( 10 years trading ). The psycholgy of the trader and his quiet nerves are much more reliable than the best software-based strategies - profit are steady and drawdowns are kept to a very sound level- the ability to recover drawdowns is amazing - I am planning to live trade this strategy (auto-traded tru OEC) very soon -
Enough is enough. Vendor is friendly and helpful but now the losses are too much. He changed the system back in July and it's been downward ever since. Now amost all subscribers since the Spring are losing money, and since the Summer are losing big money.
i couldn't make any money with this system,
while C2 reported profit i lost because of the slippage.
This system is the money making machine but only for the author.
So far I am very disappointed. I believe in stop losses and sound equity management. Last month when I started trading this system it had a reasonable stop loss noted in System Description that was under 100 pips along with sound equity management. I currently have a trade that's down 259 pips AND the System Description has been changed. Shouldn't subscribers be warned before a system is changed? I think it's very reasonable to be informed before you change what you do with our money. I'm not a fool. I never enter a trade without a stoploss.
MARGIN CALL, with autotrade disabled. I am out. I was leveraged at 10k which is what I started with. Now I am out of the game, I guess I just got in at the wrong time.
I've subscribed to The Trading Digest for some time now. The trades are very easy to follow and place since they all arrive before the market open. My fills are almost identical. Position sizing and risk management are very simple, but also very effective. Just an excellent system.
This system is completely untradeable without automation,and emails are nothing but cancellations of previous orders:if you followed every one your account would be decimated in no time.Mind you,I'm sure the brokers like it with all that commission:AVOID!!!
Unacceptable drawdown - can kill (zero) your trading acct if you're not careful. Rather than cutting losses and waiting for the market to turn, vendor chooses to hold onto certain losing positions (08/22/07 @WZ7) hoping they will come back. Vendor's reasoning - "the more draw-down, the more they will rebound to profit!" In reality, large draw-down demonstrates the vendor's inability to time the trade properly and, more importantly, the vendor's inability to manage money and risk.
Vendor does not believe in limiting risk - else he would not have lost $126,500 (nearly half his portfolio) in one trade. Do not believe anything this guy has to say - he lacks discipline and it is unlikely he'll develop any anytime soon.
This system is a failure (I'm licking my wounds) - no response from the developer to his PM's - sin up at your own risk.
Major setback to anyones account.
After some excellent results that lasted for over a year, the vendor has demonstrated an act of reckless money management on a grand scale. The vendor's failure to acknowledge this or reply to any correspondence indicates an unprofessional and irresponsible attitude.
I would strongly recommend against following any system offered by this vendor unless you are prepared to trade manually and set your own stops and drawdown limits.
System looks great, but will not autotrade properly. Limit orders often don't get filled so autosync takes over and fills at market order price significantly different than limit price. Also, sometimes get fills on orders that are being cancelled, putting trader at mercy of random chance of what market price autosync will close position at.
Trading system doesn't fit my trading style. I would need a larger outlay of $ in my portfolio. So far i can only see one trade that has made any money TBSI.
I think this system has shown steady performance so far. It outperformed the S&P 500 index (after adjusting for risk) over nearly its entire history. Let's hope it'll continue its excellent performance. ST
http://scitra.blogspot.com
Pros:
- Good stock selection during the last run of prosperity
Cons:
- Hedging (not on C2, but in the weekly updates) not entirely effective, may be more effective with some short equity positions
Excellent and steady equity curve. Keeps making money through latest market meltdown while 99% of the C2 systems lead you to a poor house!
Generous trial period.
The only drawback, needs constant vigilance and attention since time frame is very short.
Autotrade do not have enough track record to evaluate autotrade alternative.
One of the systems trying to catch falling knife, hoping and praying for a reversal. That,s why previous reviewer gor "good fills" being days or week late. Would not risk a penny on this one.
mikhail nasonov seems to be a gambler. He had a really good and steady start but then crashed. No money management, no stop losses as stated is just an account killer. Can not be recommended anymore. I am going to unsubscribe to it.
It appears that author has vanished along with profits in this system. The author does not reply to emails and it appears he doesn't even visit C2 anymore. Stay away from this.
Again (like with the JPY), Si tries to trade against major trends, 8 losers in a row are a tough call. I am not sure wether the reason for these losses lies in the change of his strategy or the weird markets right now. I would like to know the reason for certain trades but he maintains everything secret. Maybe it´s better to sit back and to rethink the strategy...
