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...
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
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.
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!
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.