mvp-3
Since December 2009 there have been two profitable months out of 16. The annualized return since inception is 4.8% as of 3/20/11. This system is a disaster in my opinion!
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Reviews of mvp-3
mvp-3
Amazing. This system is almost back to the equity it started with. Unfortunately I joined in April or 2009. Too much lost w/ MVP-3. There have been so many changes I don't know what this system is anymore.
mvp-3
This system does not work plain and simple. It has ridiculously wild swings and simply put will lose you money. The owner adds in new functionality almost at whim from his over eager group members. If anyone posts a negative comment he simply waits until the system is positive and rebukes the others statements. As of now this system has lost over 5% for 7 out of the last 8 months. Since the market bottom last March the system has underperformed the simple index buy and hold, by at least -20%. I traded this system for over a year and lost alot of capital doing so - I would not recommend this system.
mvp-3
First, I believe the developer is a very nice; hard working guy. Unfortunately that does not make you money. MVP-3 is a work in progress and is being continually retooled. Money management does not seem to be a high priority as evidenced by the huge drawdowns. I think the developer is probably a computer whiz who thought he could sell a system with outsized results but in reality does either not understand risk/money management or is just very poor at it.
mvp-3
System makes chaotic moves while market is steady rising.
It seems MVP-3 does not work anymore.
I was never convinced choosing illiquid EFTs like MVV and MZZ is a good idea to begin with.
mvp-3
Curve-fitting has hurt this system. The latest back-test shows a 3,600% return for last year and 150% for this year so far. The reality is much less. I still have hope that he can turn it around, but I'm not sure why. He is a nice guy though.
mvp-3
It's no trading system.....alas, only an experiment. Buy it and trade the promoter's $.
mvp-3
Apparently human intervention of signals contradict the description "a completely TA indicator based computer program". The vendor needs to stop using recent curve fitting result to give people the illusion all the previous problem has been resolved. In reality, it only aggravates the problem by incurring recency bias. The system has some merits. High drawdown is not the reason for difficulty in trading, but unpredictability of the system is.
mvp-3
A classic lesson that curve fitting does not work in real-life trading. This system is very difficult to trade, as it can stay in the wrong direction for a very long time based on recent curve fitting result, keep using margin hoping to recover loss instead of going with the trend. The vendor is very honest but is working too hard to release NEW re-optimized version into mvp-3 based on recent data whenever large DD happens. This makes C2 historical live records meaningless, no matter how good it looks. Subscribers should not be treated as guinea pigs of the NEW release. The vendor should start a different C2 system to test new system for at least 6 months before having subscribers test it using real money.
mvp-3
I've only been trading this system for 3 weeks, so it's too early to give it 5 stars. However, I've had 5 fairly large winners and no losers in that time and my actual fills have been as good or better than C2's fills.
mvp-3
mvp-3
Hard working vendor keeps on updating the system to get the best back test result. However, real time performance is getting worse. No stop in such volatile market combined with bad timing makes the system a "wish me luck" gambling machine.
mvp-3
Great system, great developer, very active in discussion with subscribers and constantly working to improve the system.
System had a couple bad months due to astounding de-leveraging in the markets (and government intervention), but is now back on track.
Over all, even if you had followed the system to the letter, you'd still be ahead. Many of us decided to sit it out for a while while the government was temporarily suspending capitalism and did much better than the C2 results.
Also, I've only know the developer for about six months, and I've never hear him 'crow' about anything, much less his system. Not exactly sure who that other commenter is writing about...
Dave Narby
mvp-3
A reply to the Nov 17th reviewer, you are 100% correct, no matter how good the vendors intentions are after a short period he will be proven wrong again and again.
Why would anyone want to sell a system that was a consistant winner...
mvp-3
Another bitter lesson on the use of historical data to predict future market moves. There could not be a harder-working vendor, or one more dedicated to keeping his subs informed. Unfortunately, the market often does not act in the deliberate, controlled, way that previous events would predict. The monthly returns above are stark evidence of what the real world gives forth.
It's really too bad..I had a lot of hope for this system..and will limp away with a large part of my posterior missing.
My view, after being burned by a couple of C2 systems..and seeing my own system fail, and whipsaw..is that I am done with timing systems and will invest heavily in income-producting fixed assets.
mvp-3
Revised review after the crash... Story book performance destroyed by the market turmoil the past couple of months. Stop-loss order was a disaster. Discretionary trades after the stop-loss were just as bad, maybe worse. Nonetheless, I expect this system to resume profitability soon. Just proceed with caution (hedging via married puts, trailing stop losses, limited capital investment amount etc.)
mvp-3
System vendor is honest,hard working and communicates well. Sadly, my fear that no mechanical system works forever is backed up here. After recent turmoil, the system has been tweaked and may be worth monitoring for an upturn in fortunes.
mvp-3
Crashed and burned. too much leverage, stops too wide or none at all. Too much hubris. Back below starting value so all subscribers have lost money.
mvp-3
Would have been 5 stars bf last 2 trades. Actually got out of the big losing trade at a nice profit bc I was at my computer or there should of at least been a tighter stop. These leveraged etfs can't be traded in volatile mkts unless the vendor is sitting at his terminal instead of out somewhere else. In trending markets he'll do fine, the current environment this system will hurt you. Stephen your initial signals are right on but r u out during the day?
mvp-3
Yes sept 19th was terrible. But you can't base your judgement of the system on one event. It's gotta great track record and I plan on trading it's next signal.
mvp-3
About a week ago, when there were signs of huge volatile days ahead, I got out of all my ETF based auto traded systems and switched to equivalent futures contract, entering them manually, while still following the system but with the peace of mind of having my discretionary stops in place day and night. That got me safely out with a nice profit (for this system I substituted ES for EMD because EMD has poor liquidity). That begs the question: Why is any system developer still using ETFs when they can use futures instead? By the way, I still like the basic signals of mvp-3.
mvp-3
-The vender is a nice guy.
-Leaving a single position overnight with full margin is not my favorite.
-The risk control for EOD system is very difficult, especially in extreme market conditions. Yes, the vendor did use stop and issue the sell signal after the big rally, but it is too late. You HAVE to watch the market sometime, otherwise stay away from it.
-The volume of MVV/MZZ is too low. I use a combo of SSO/QLD/DDM instead.
About C2:
- Instead of following those high-hands, it is more important to LEARN, and then develop your own system.
-I only use C2 as reference and always set my own stop and profit-taking points. Sometimes I did better, sometimes not, but I know exactly how much I can lose.
-THE MOST IMPORTANT, if you auto-trade C2, ONLY use the money you can afford to lose.
mvp-3
It's a pity to see how today's market intervention by the government (not a bad thing per se) marred an otherwise great record for this system. All subs should be aware that all systems try to repeat what they've learned from past history, and "black swan"events are beyond their reach. Going forward, and barring more intervention, markets should stabilize and go back to trading normally, a situation in which mvp-3 shines.
mvp-3
Only 2 days ago, vendor crowing about his system reaching all-time highs, and yesterday more bragging about 221% annualized return. And that didn't even include the backtested periods, he said. This has to be one of the most shocking reversals of fortune in C2's history, about a highly regarded system's sudden descent into oblivion. There was something about this vendor's supremicist attitude that made me get out a few weeks ago, and glad that I did. In this morning's other review, vendor's rebuttal to the criticism is that government's action today is a one-time, unforseen, watershed event. Hmm . . . funny thing about the stock market - there seem to be lots of unforseen events! Let us look at this 60% drawdown of margined funds and learn a lesson from all this.
mvp-3
Amazing how to turn a 25% profit into a 40% loss in just one day by not securing profits with a stop one day before option expiration.