positive forex
this system is a big scam , the developer are days that dasn't login and at this point i have some doubt about collective2 because why they accept a system and a person like this one
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positive forex
The draw-downs are excessive and too much to handle. In the current situation betting on a single currency (AUD) in different pairs without stop-loss is extremely risky and bound to ruin to system at some point.
Currently the draw-down is at 31% in 3 weeks and I have no idea how much worse it will be without any stop-losses.
Draw-downs are part of the trading business, but when the system bets on the same currency in multiple instruments without stop-losses it will self-destruct quickly when the markets move against it.
I also hope the system developer communicates with his subscribers during adverse periods instead of being inaccessible.
I subscribed in end April and I have lost money on this systems even after 4 months.
positive forex
Its baffling how this system has done so well in the past. Leaving positions open for weeks without any stops is bad enough, but betting all of your different trades on just one currency gaining value (long AUD in this case) is just too dangerous!
positive forex
Vendor got into a loser, didn't deal with it for a long time, finally logged in to enter two more losers... haven't seen him for days. Poof! He is gone, and you are left with the baggage. There should be no tolorance for this behavior by C2. Unsubscribed.
positive forex
I think this system is not able to cope with current market conditions. Money management is bad, all positions carry correlated risk. The author does not reply to questions, and does not even visit C2 regularily. Maybe he is on holidays. Forget it.
positive forex
This is by far the worst sytem I have ever used. Know when to throw in the towel. 22.63% DD and continuing is unacceptable. If you like buying at the high's and selling at the lows then this is fo you.
JYDRA CHEW NASDAQ100
AVOID - This is an out of control system with little discipline... bleeds money as quickly as it sometimes gains it. Sometimes, there seems to be no rhyme or reason for the trades it makes.
Fortune Cookie @ES
I have autotraded this system and it simply doesn't work. Even if you stay in the sync mode.. The trading is nice however. I wish the vendor would use a better ordering system so it can be followed with auto trading.
positive forex
The drawdown is ridiculous. The system vendor just refuses to accept the loss and close the position. A system like that is destined to be wiped out one day. I am unsubscribing and would not recommend anyone to tarde this system.
positive forex
This is one of the systems that doom to have dramatic drawdowns and potentially be wiped out sometime. No stop loss or win. No hedge. No risk management. Bad money management. I would not recommend this syetm to anybody here.
Legacy Merlin
I would not trade TMG during this down draft. The equity curve seems to be going down with the market. There are other end of day signals with a 100% realisum factor that are performing much better than TMG.
Small Cap Fundamental Value
This system needs to build a track record, I would like to see more diversification - 10+stocks.
As a previous reviewer pointed out the system owns spectacular gains to 1 stock - TBSI, however nobody knows if the market will be down until October, if I knew I would not need any systems to trade stocks.
LOL
LOL
extreme-os
Autotraded: July/August2007
This system doesn't seem to work in a volatile market. Never lost so much in such a short time.
Very dangerouse even for my risk tolerance.
Small Cap Fundamental Value
I can not recommend this system because it is a black box which owes much of it success to one trade (i.e., TBSI). If you removed the TBSI trade the gain from inception to 8/6/07 would be ~7.9%. Given that the market will be down until October it is not clear how the system will perform during these periods. Despite the above comments this system is one of the best on this site.
Legacy Merlin
I would not recommend this system during this pullback in the market. Since 2/14/07 the system has tracked very well with the S&P 500. The system which trades the QQQQ has gained ~$10K and the S&P 500 has gained ~$5K since mid-March. The Win% has gone down and the max drawdown has gone up. Despite the above comments this system is one of the best on this site.
Legacy Merlin
I wouldn't recommend this system until it shows a steady progression upwards. It did good at the end of 06 and a few months on 07 and since then it has been a commission killer. 150 plus percent in 2006 is nice but in the 9 months they have been live they are at 23 percent with commissions. Not bad, but anyone who didn't start using them nine months ago, then your account hasn't done much. good luck to them but 9 months is a good time to judge a system. the developers are helpful, but in the end that doesn't matter. the bottom line is I want to make money, I don't care about anything else.
positive forex
I signed up for this system a few weeks ago, and granted that is a short time to make a review in, but so far it has been extremely disappointing. It has so far slashed its budget in half. Evidently I signed up at the peak right before the crash, of this system.
Here's hoping that Mikhail can make a recovery quickly, because soon at least my account will be bankrupted.
extreme-os
Seems very rule based system, but pay little attention to current news. Do not avoid events like quarterly earning reports, risks are often high.
High percent of good picks but some are low volume stock, very high slippages with AutoTrade (surge orders). Cut loss quick (2 days) but had no stop nor hedging protections. Stable curve but stats are rosier than real at C2. Good system before 2007, but timing are off often in recent 6 months. Net loss to date since Oct 2006.
Eternal Return Trading - SwingNQ
I completely disaggree with the review from July 31. What happened is that the system did not trade with the initial market direction. And as we all know when you get behind the market it is very difficult to squeeze out a win. Nobody is perfect. Also, most systems were hit much harder during this high volatility period. Some systems were down $62k+ which would wipe out most of the smaller account investers on C2. Trust me this system is by far the best way to go and look what he did on 8/1. This guy is definitely looking out for his subscribers.
USD/CAD-Mover
why these drawdown?
Why dont accept losers?
terrible
Cheetah
BIG CAT
VN Forex Club
Si, I am new subsciber to your system. I was wondering why you decide to make change to the system given that your past results are doing very well. Is there a chance you would switch back to the original system ?
Eternal Return Trading - SwingNQ
The system did not handle well 7/26 to 7/31. Because the system use the same fixed target and stop. This does not work at extreme VIX, check the chart on 2/27, 3/15, and 7/26 where the DD starts
VN Forex Club
Even with recent drawdown (which will happen with most systems), VN performs well and really isn't that hard to follow the signals.