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.
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.
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.
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.
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 ?
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
Too much slippage and delay for auto-trading, especially in a fast-moving market where scalps average around a point or so. I also notice a delay between the signal posting on C2 and it hitting my brokerage, which makes things even worse in a fast market. I've also noticed several occassions in which a very profitable trade ends up near zero or in the red, due to the vendor not locking in profits with a floating stop (especially true with his smaller quantity trades). Also, my actual fill prices are not reflected on C2 even when I use the "overlay" feature... rendering it mostly useless. This could be a very good system, with a few enhancements.
Recent Drawdown was alarming.
However in reviewing the lengthy trade hisory I have a lot of confidence in Si. If you are overleveraging your account you got stung, and if you think you are not going to have losses in something as complex and risky as the forex markets then I can recommend a nice 8% mutual fund.
KEEP UP THE GOOD WORK SI.
Your system will suceed. I have full faith and confidence in your abilites as a trader. Quit answering and looking at negative emails and focus on the trade! You WILL make us money.
dkitch.
Over the long haul, system consitently performs well. But, since there are no stops, I would prefer that the mini-lot positions be spread over 5 different pairs (i.e., 5 different pairs with 70 mini-lots per pair). Now, for example, 210 mini-lots (i.e., 60% of capital) are devoted to one pair and the drawdown is up to $65,000.
In summary, since there are no stops, more diversification is desired.
the autor admits that he changed the system; he should have warned subscribers! people rely on past results to judge if they want to participate. results now are terrible!
System has 6 great consecutive losses. Terrible. With risk of 5% in each trade, i losr more than 25% of my account. It seems, after making system free for autotrade, author made some corrections to systems, to generate more trades for higher broker fees. Will see on more month for it. B
To go against the markets his very risky. And this system does nothing else. I hope the system developer has a good indication for the opening of trades. Top pickers and bottom pickers become cotton pickers. Let`s hope the best!
Very nice system. The most important thing for me is that the realism factor is real! You could talk long time if you prefer a system base on returns, dd or sharpe ratio, but all of that if meaningless if you can´t match the signals with live trading.
I have been trading this system since January, and I can tell you the three amigos are outstanding! The Captains knowledge of the market, and his involvement with his subscriber base never fails to impress me.
Bottom line. this system works. Since subscribing, I have been trading e-mini NQ Future contracts, and have boasted far better returns than this website reflects.
If you are a new investor, be aware that no system is a substitute for proper money management! Do not invest what you cannot afford to lose, soak up all the knowledge you can, and you will learn new techniques for maximizing profits(if that's your goal).
I gave them 5 stars, because I have not had this level of confidence in any system for the past 8 years of my trading.
system looks interesting, but unsure of trading practicality when there can be a week to a month between trades. Gives impression this is more of a hobby that a serious pursuit. Would like to see at least 1 trade a week... Review by Ross
Solid, well diversivied strategy with excellent track rekord. I started buying in to it with confidence.
Excellent professional weekly report with graphs, current holdings, and reccommendation makes menaging your portfolio a snap.
Thanks Steve and keep up your good work.
Easy tradable with consistent returns. On several occassions I was days or even a week (!) too late with entering the signals, and I still got good fills. The logical other side of this is of course that you ought to have some patience before the big move happens. I trade this system manually with 5% scaling for the fourth month now. Even with this small trading capital I think the system is worth its fee. The statistics of the system are also good (Sharpe, APD, Avg Win / Avg Loss). The only thing that worries me a little is the historic max drawdown. But the equity curve shows that the system recovered well from drawdowns.
Is it a swing system? Maybe. Scalping system? Not sure and don't care. Makes money? YES. Subscribed & traded manually for 1 month then switched to auto last couple weeks (recommended). The numbers posted on C2 are indeed accurate. I recommend following the money trail posted and make your own decision - stoplosses and all.
The system claims to have an accuracy ot 78 %, the reality is 54%. In his rebuttal on 18/7 the provider remarks that you can't judge from a short period; however the actual C2 results are from a period of 8 month! maybe it will indeed be better after a longer period ,but the actual reality should still be seriously taken in consideration against backtesting.
To follow the last reviewer - I have been autotrading this system with reasonably accurate results (within a couple of pips) and with no significant problems. This system works very well for me.
