This system is excellent. Win percentage is outstanding and dd on most trades is nonexistent. The developer stays consistent with 2 mlots so that subscribers can multiply their mlots appropriately. The system trades 2 mlots and makes average win of $39...Trade 20 mlots in your account and you'll be seeing the same $390/trade that I've been seeing. By far THE BEST system on C2.
this system is what i've looked for, low turnover, very good results and low drawdown, even after the recent volatility, developer is always available to answer my questions :)
This is a good system the only thing you need to know is in what month he is going to loose 35%, NO MONEY MANAGING, I will call it the "LAS VEGAS HOLY GRAIL"
The method of implementation is, in part, being driven be the way per-trade-fees are collected and performance statistics are calculated. This is to the detriment of the subscriber.
Two points of note:
Money management. The methods adds to losing trades as the market moves away from the entry level. This gives fewer losing trades (higher % winners) but also gives far greater risk and larger $ losses if market does not revert sufficiently.
Fee and slippage. Winning trades are frequently closed out and immediately reopened. This causes extra slippage, brokerage and trade fees and improves the strategy statistics due to many more winning trades (but with a small gain) Look at the timestamps and prices in the trade history. A fixed monthly fee would be more appropriate here.
I've been a subscriber since September of '11 and I believe that this is the best stock system on C2. If you don't believe me, do a Grid search on all stock systems with Age>700 and Sharpe>2.5 -- only one system meets that test. This system has proven to me that an excellent human trader like Julian can beat the best mechanical systems. He currently trades pretty conservatively (there is often a lot of idle cash) so don't plan on getting rich quick. If you're like me and are happy letting your account grow at 30% per year or more and not suffering a sharp drawdown in the process then this system is for you.
I am giving this a fair rating for the following reasons:
1- Risk is handled in a very acceptable manner. In over a year of trading, the average adverse excursion has been very reasonable.
2- Unfortunately, the equity line has been flat for over a year. I've experienced great gains followed by periods where it has all been given back.
Now we're told that the subscription fee is going up... I am anxious to see if it will be worth it.
I have been auto-trading this system and cannot be happier. Does it have it's hiccups... yes. Does it recover quickly and keep making money... absolutely! The win rate speaks for itself. The developer is great at what he does. He also has great communication. My only fear about this system is not the developer or his system.... it's the negative people that may distract the developer from managing the trades, or worse, cause him to discontinue it. I concur with the previous reviewer... if you're not happy with the results, please unsubscribe and let Strawberry continue making the rest of our accounts grow at an exponential rate!
So far this system rocks.......good communication. If you don't like the trades.....cancel your subscription and leave the developer alone to keep making money for us.
I just got burned with a 7000 loss today. So investors be careful with new system. There are a lot of risk with new systems when there is no long track record to examine the trading style and phylosophy.
This system seems to be quite good. The only thing I don't like about it is the risk (about 90 pips) versus the reward (about 10 pips) of a typical trade. What remains to be seen is how likely it is that there will be a string of large losing trades bunched together to produce a very large drawdown. I'm willing to take a chance that this won't happen, but I'm trading at a much lower leverage than what is shown on C2. A good rule of thumb I've heard is to risk no more than 2% of your capital on any single trade. The last large loser in this system (as of 1/31/12) was 9.4%. I know I can't stomach that kind of loss and I doubt many others can either.
From my years of experience with C2 and other trading communities, I conclude that there is no perfect system out there. Strawberry is a consistent profit maker with well-managed risk. It is as good as it gets.
In my six months subscription to this strategy using automation, the P&L was negative when I included commissions and subscription fees. It's not a bad system but I feel the fees are too high to justify until it shows more profitability.
I have been autotrading Strawberry for 2 1/2 months and has been a consistent money-maker for me. Differently from other systems, cares about his subscribers. He is cold-blooded but enjoys sense of humour. Four star not for the quality (I think he is top and I believe there are only two other systems for FX here at Collective that stands in the same league) but because the system is relatively new. I'll review again in some months and after, hopefully, gained more money!
Another person/trader who does not care about the money of other people. Tries to be smarter than the market does not recognize that his subscribers lose money. Only excuses, really bad.
1/25 - As the previous reviewer notes, the system developer stays true to his stops. However, those stops have been hit with increasing frequency as indicated by the declining monthly returns: Sept: +25.5%, Oct: +19.6%, Nov: +18.8%, Dec: +13.5%. January promises to be lower still. While the above returns are outstanding, the declining trend is cause for concern. While stops are necessary to give the trade a chance for success, the trade should be abandoned when the reason for making the trade vanishes. The developer shows his ability to reverse his position quickly to recover losses, but he has had two losing weeks in January. I hope I am proven wrong and the previous success resumes. I would be glad to revise my rating to 5 stars in that event.
I've subsribed to this for 3 months, and have been loosing money. This system may work on autottrade, for me manually placing orders after receiving the email has not resulted in any profits. Also, I made a loss in Dec, whereas the web-site shows 8% gain. So, I've just un-subscribed
How about cutting losses short and letting winners run instead of hope and hold? On Friday 1/13 vendor had a small losing position, instead of closing it out during the end of the trading day he added to the losing position for unknown reasons. When it was clear on Monday that he was wrong he nevertheless held on to increasing losses the whole week. Is the vendor asleep at the switch? What a shame for a system which had a promising start.
I have autotraded Venters for almost one month. I like the concept of exploiting a pair that few people follow and I think the system is a sound one with a good developer behind. Unfortunately I went through one of these periods that happen when actual performance deviate from the expected and I give the developer the benefit of the doubt given unusual volaitility. I unsuscribed but on the ground that it was not suitable for my objectives. I'll come back if and when I realize that it fits my need.
Stay away. This appeared to be an intraday system but developer has held a margined position in a 3x ETF for two weeks for an 18% drawdown (so far). Maybe system was abandoned?
Seems to be consistent in 'normal' markets. Does best with its short-duration trades. Lost a bit of confidence in this system when it took a $200 loosing trade into a weekend earlier this month and came out on Monday with a $1000 loss--the 5% descretion that the developer cites in his description should have avoided the weekend in light of the euro crisis.
This is a Martindale system, pure and simple with no stop loss at all. This can easily be seen by the current $700+ DD against profit positions in the range of $20 - $30 each. The risk/reward of a $700 loss (so far) against a $25 gain is staggering. This is the reason that Martindale systems are so risky and prone to failure.
Vendor says: "I attempt to limit risk to a maximum 5% per trade. My goal is low risk, high profit potential". System is down more than 20% because of a single short position which is still held open. Consistency is simply not here.
I agree with the previous reviewer. This is one of the most worry-free systems on C2 in both its trading style and instrument. The developer is very professional and great at communicating and answering questions promptly, and the results are better than C2 suggests if you trade with a good broker. Too many reviewers judge a system by a few losing trades, but the fact that they still chose to give this system 3 stars is a testament to its quality.
