WWW.CONSENSUS-TRADING.COM
Excellent money management, conservative, and accurate.
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.
Sliced Bread
Good system, good vendor! I would like to trade it, but couldn`t open a proper broker account (for the non-financial futures) in time and obviously my IB account won`t suffice. So I cancelled the trial today - cum grano salis.
As soon as I have a new account opened (despite of patriots acts document burdens for european applicants) I will subscribe again.
Hawk-fx
This vendor rubbish other vendors: Here is his posts Posted: Mark Burdge (When: 12/13/05 (13:20)
Systems: Hawk-fx
""""sarf 2 have just closed a trade of 900 mini lots.
That's $ 90,000 of margin which is about 40% of their account equity.
They also appear to have an open trade using more I strive with my system, not just to make profitable trades, but also to trade at a size that enables my subscribers to replicate the results."""
But he has drawdowns of 40% or more and brushes them off.
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Bender's S&P Emini crossover
Craig has had some good runs but unfortunately he seems to trade with an ego problem (e.g. never admit he is wrong). Winning trades are cut short quickly, losers are allowed to go on and on. In his latest $20,000+ drawdown trade he violated many of the principles stated in his system description, showed a huge lack of discpline. Look at the history of this system and decide for yourself if you can tolerate his style of trading.
Bender's S&P Emini crossover
I subscribed to this system for a month and have to say I also was very disappointed. The money management was ATROCIOUS....he would make a point but quadruple down when he was down 7 points...definatley not my style of risk/reward. His general sense of market is good, but like i said..look at his drawdowns and losses and look at winner and you be the judge. I will agree, Craig is great at emailing subscribers and letting them know he is still alive and communicates with all, but i cant stomach the lossess personally . Also..a lot of his big winners occur in the evening...disregard those and you have a lot of pain and very little gain...also see the Forum on his system and comments there.
Entropia
System had three losses of in a row, 33 pips each, as soon as I subscribed. Trades with a 15 pip target and a 33 pip stop so it will take six wins to make up for the three losses. Also the system vendor keeps sending messages telling subscribers to switch to FX-Auto from C2! Tonight FX-Auto shows a 33 pip loss that C2 doesn't even record!
Bender's S&P Emini crossover
Craig still is the hardest working vendor on C2 and continues to manage multiple legs diligently, but the best intentions can only go so far - the initial accuracy of the signals is poor and losses are not managed well, as the system is discretionary, with no stops, and Craig's "just average up/down and close your eyes tight and pray" method will blow up every once in a while, so be ready for that. Also, the system SAYS that it gets out EOD, but today it held into the overnight to escape a loss. Not good. Expect a net return of around 5%-10% a month of account size, all things considered, including a 20% blowup every so often.
Hawk-fx
The worst system I have seen by far. No money management, no hedging, system is down a huge amount, DONT SUBSCRIBE! Friendly advice
extreme-os
Getting stated fills is impossible to achieve. I agree with the low Realism Factor. Count on 10-30 cents slippage on sell side of each position, slightly less on the buy side, so you have to adjust the results accordingly to get an accurate picture. I am now using Autotrader and still experience 20-30 cents slippage on fills on BOTH sides. Had a 50 cent slip this am! This changes the results dramatically. The record is ..... to be taken with a grain of salt. Finally decided to cancel, traded this for 3 months with autotrader and bottom line is I made no money.
OEX Trading System Revised
Trades are inconsistent. Many at once, then few for several weeks. Many market moves are ignored.
Forex Fighter GBP/USD
Awful system. I seriously advise NOT to subscribe, unless you want to lose all your money. Nearly every trade is a loser, watch out!
Hawk-fx
I have cancelled my subscription, mainly due to the lack of communication of strategy, and the failure to implement the hedging. Good while things are good, very bad when things go wrong.
CoinCollector
You can better spend your money in Las Vegas. The system is pure gambling.
Hawk-fx
Although there was a two week free trial, I canceled my subscription early due to a lack of e-mails or other communication from the system creator. According to the system description, there was to be hedging or other risk management on trades, but with the current pound trade down over 450 pips, and the euro down significantly as well, there was not a single e-mail sent to suggest a hedge trade. When the initial signal e-mail was sent, I disagreed with the entry price, so fortunately I'm not stuck with all that drawdown, but as far as my experience, so far it's not the best system.
Hawk-fx
System is way down with no hedging in place.
Forex618 alt
On the separate board the system provider moved to, we're down 130 pips for the week so far -- stopped out @ 30-40 pips a few times. Not ideal.
Also, provider is unresponsive to questions and hostile/defensive to those he/she does choose to answer. Steer clear altogether or be extremely wary otherwise.
Hawk-fx
I have been a subscriber for a couple of months and have to say that the recent trades bear very little resemblance to the strategy description. There seems to be no risk management or plan for what to do when things turn against you. As stated in the Dec 28th review. No hedging has taken place with a combined 540 pip DD. I would reccomend a strong stomach if you intend to subscribe.
Steady II
I made over 5000 on this system , perfect if you know how to use it without autotrade. keep up the good work!
Bender's S&P Emini crossover
Craig has consistently proven that he will make profits with his system, getting in and out of positions with exceptional precision. If he can keep drawdowns to a minimum as stated, this will be a long term keeper. Well worth the fee as his is likely the best futures system on C2. Let's keep those winners coming!
High-Sharpe FX (by_JEP_Forex)
Overall it is a good system. I specially appreciate the hardwork of the system provider. This system offers subscribers trading opportunities even beyond trading hours of the two major sessions. Lillian
High-Sharpe FX (by_JEP_Forex)
There's no risk management. There's seems to be no stop loss.
extreme-os
After using this service for 2 months, I finally decide to unsubscribe it. Using above $80K for every trade is not something I can do all the time while the fills are usually hard to be completed. In addition, I realize gradually that capturing a falling knife is not a style that fits me well.
extreme-os
The slippage on this system averaged .066 per trade. The return per annum in real life trading is about 40%. Your fills will average about 75% of what's posted on C2. The 200% return shown does not consider that the trader has to have 5 times the amount in reserve. That being said, it's a system with very low drawdowns, and not many mutual funds will return this kind of percentage. Maybe C2 could readejust the math for these type systems to figure the % return based on total dollars one needs to use the system.
Sonex
Currently letting 1 open trade go 300 pips against us. Now I know how the high win percentage is achieved! Just don't close out the losers. EEKS!
Forex618 alt
Says stops are 50 pips, yet current trades are 120 pips and 220 pips in the negative at the moment