I got in at a really good time -- just after a pullback and just before a big spike in the performance... I'm up 20% in the first month of trading! I don't expect those kind of numbers regularly and I do expect to have to ride out some pretty big draw-downs.
If it were not for the long track record I would not even try this system, since it goes against one of the key rules of trading: let your winners run and cut your losses short. This one takes small profits (maybe around 20 pips) and hangs on to losers for weeks or even months until they at least break-even. During that time, the broker charges interest on the position. Since this interest is not reflected in the C2 performance numbers, these break-even trades are actually losers.
I'm prepared for the possibility that the strategy will fail, as I have seem many high-flying systems do over the years of following C2, but for now I'm very happy with this system and enjoying the ride!
So far no profits since about 4 months but looking at the graph that is not an abnormal thing. I do like the discipline per trade. No hidden risks of not accepting a loss and going deep into the red before making a (small) profit. Many systems hide open losses...
The good: Month of october had a near 100% losing trade series but all kept to minimum losses.
The Bad: Market nearly up every day but this strategy unable to take advantage of the primary market direction.
Poor Behaviour! he shorted Dec20 ES instead of DEC 19 right on US NFP jobs report and get whacked on bid ask spread 20 pts thats $1000 loss on 5 minutes after I made him aware about it...no apologies or whatsoever...he clearly doesnt care at all as he's trading a demo paper C2 account unlike his followers who lost real money...Hopefully I unsubsrcibed that very same day as since then he stubbornly short Russell, Nasdaq and dow futures and losing 25% mtd...clearly no SL or exit strategy other than hoping the market to go his way….AVOID!!!!
The long term performance of this strategy looks great but the short term is very erratic. Whatever little money you will make will be sucked up by the 225 per month fees and the C2 fees. It is only possible to make money with very high scaling but that would take up your risk quite high. Frankly there are other better performing forex strategies than this. Don't feel compelled to join the pack
Speed trader looked phenomenal at the beginning of October when I joined his strategy, unfortunately he had his first losing month when I started following to the tune of about 11k in drawdown.
This was the number 1 ranked system rated by C2 when I joined the strategy. Although I have no doubt this trader knows how to trade, unfortunately it lost approximately 1.7k in the 30 days that I followed it.
I followed this strategy since June 2019. I can say he knows how to control reward/risk very well. And he is a very good and responsible person. Best strategy and best leader in C2.
I subscribed to the PxV Forex system in July of this year, and although there was a drawdown shortly after subscribing... that drawdown amount has been more than doubly recovered since! The leader has provided very very good performance since, by increasing the bottom line by about 50 % in the three months since. I am very happy to be a subscriber to PxV Forex.
Very good strategy so far. Trades are as described, executed at the end of the day and held for a day or two, easy to trade manually, IRA-friendly. Good risk management with both position sizing and adherence to mental stops. Only reason for not giving 5 stars is young age of system.
I have subscribed to perhaps 50 systems over the last several years and this is becoming my favorite. The strategy is based on a very sound principle that repeats over time and it doesn't require a lot of trading. It's delivered steady returns over 3 years. The developer himself trades at 200%--you can count on one hand the number of developers at C2 with that kind of confidence.
Very good strategy with amazing returns. Ralph is an expert in technical trading of futures and forex. Short term focus. Trend following and reversals. You have to be able to sit tight during drawdowns.
Just miserable..... Can not seem to hold onto a system. Said no trades held overnight, but that was not the case... Blew it up in no time.... Big loss, and these hot shots ask for big $.
