Dave is guilty of dereliction of duty. He is absent from the site for days on end, all the while his system is crashing hard. He must have a fulltime job elsewhere and only plays his system as an uninterested "developer".
The trader seems very disciplined with his trades, and always sets stops and exit orders. So far he is generating good alpha on top of just shorting the market, so this seems like a great addition to a portfolio to smooth out the bumps.
I am giving 3 stars due to most of trades are entered early in the direction so we go through large drawdown and when trades are showing profits we get out too quickly losing upside potential and being in wrong side of the trade. If Systems Creator control these loose ends then this will be a good system.
Is this system description correct? "Conservative day trading long-short strategy based on deep quantitative research with risk management overlay." I do not think so.
i am a long term subscriber more than a year .
but lately i receive through c2 when in a position 6 or 7 exit orders
i have asked the developer what the problem is
after a few days ,i asked a second time but he has not replied
and the same moment his performance is crumbling i have to reconsider if i want to keep on trading this system
When I finish sign up this system in early august, it seems that this strategy was the one best forex strategy in collective2. However, in the month of September, it seems that this strategy is struggling to get even a 1% return.
In the past, it show some great performance and high gains. However, has is it the peak of performance, only later to crash and burn.
I advise any trader, not just look at past performance, but look for the future.
I am a subscriber since Jun2015. The profits are huge but you need to dig into the trades for realizing what´s up in MD. I am trying to write this comment letting the easy emotions aside.
What amazes me is the accuracy in the trades. Although inevitable failures, you can see how the trades changes direction, short and long, yielding constant profits. Of course there are bad trades, or days, but that is part of the game. In this case, this is not for faint hearts, because this may wipe out 10 k in a single day… or just a couple of hours.
When this happens, the system developer usually apologizes or justifies what happened: those comments are welcome, but when you trust a system like this one, it is easy to accept the lost with poker face because better moments are assured to arrive tomorrow
The frequency and number of contracts played makes this system very volatile. I read accusations of martingale system. I disagree. The trades do not change his view and positions (I guess) when something goes wrong… never adds positions (they are always opened at the beginning of the trade). Example: after FED meeting, 9/17/2015, (probably moments when many systems fail) the system goes short.. losses accumulate as SP goes up and up. The first trade is closed. The ES goes up, a second short trade, 7 contracts, as usual, some points above the close of the previous… again, another loss. Then the system goes long…(!!!) the SP drops hard and we end up with another loss. This is the description of a bad day, luckily very uncommon. Good days are just the opposite… nailing down the longs and shorts, and often times changing direction. You simply ask yourself…â€How the f… he does it..!!â€
So, if you dare start autotrading MD, and if you do not want to have a heart attack, you can simply limit the number of contracts. This is what I did: I started with 2, then 3, then, after being clearly in the money, I did the big jump and let the system without constrains. I hope you will not regret it… otherwise I will as well. Good luck
I subscribed to RSI July 23, 2015.... I am to date very happy with the system, AND the creator. Creator is quick to answer messages. And a plus, he actually answers intelligently without dodging the question. We just had out first loss ( I am still majorly ahead), and I was very comfortable throughout as creator messaged me a few times to let me know what was happening. My only complaint is I should have subscribed sooner !!!! Keep up the great work Pru !!
Not sure how many people have the coin to auto trade MD but a lot of money has been made for those who can. It's had it's ups and downs since inception but far more ups and while other systems burn out or outright explode MD has managed it's risk is and hitting all time highs.
I wonder if the developer could put together a similar system using ETF's where anyone could participate.
Agree with previous reviewer. Since inception, with all variables being more or less equalized, this system has done a bit better than USST, with less DD and risk.
I've been trading this one for 15 months. It usually "buys the dips", so I expected that eventually I would give back some of my gains when the bull market finally started to reverse. Somehow, the system developer was able to go to cash at the beginning of the drop and actually make money on the short side for some of the move down. I am truly impressed.
I like this system. It has good money management, risk control and can be manually traded for the most part However, it hasn't gone anywhere over the last 4 months and I've kinda moved onto other systems. I will keep in on the watch list as Forex Portal has the potential to start it's winning ways again
Strong algorithm. Good returns. You have to trust in the developer and follow the orders 100%, he knows what he is doing. Great communication from the developer. I can only say good words. Recommended.
I don't subscribe to a lot of systems but I do follow a lot of them. I must say that this system is very consistent with an excellent risk return profile. What I appreciate the most is that the manager has understands markets risks and knows when to take trades or to stay cash. The fact that It doesn't trade a lot is a plus from my point of view because it can be traded manually and it means also you are not taking market risk every trading day. by the way i belive that when a system has more tan 3 years of a good and consistent Track record there is no much moer to add. keep up the good work. .
Rating: 1 star, because I can't give it 0 star.
This a Boom-or-Bust system. More than likely, it will go BUST for the following reasons:
- The manager(s) are married to the idea that commodities, especially oil, can only go higher
- NO respect for trend
- NO hedging or stop loss
- ADD to positions even as losses mount
- Some of the trades are in penny stocks!
- Shorting a 3x leveraged ETF, so when you're wrong you're horribly wrong!! Add to that the borrowing cost for shorting
- NO COMMUNICATION with subscribers; they have apparently abandoned the system as well as the subscribers
Undoubtedly, oil will rally, even if briefly, at some point in the future and the high-beta holdings will rally even more - atleast, those that are not bankrupt by that time. So the system may show up as a best performer for a short period of time (daily, weekly) but that would hardly make up for the huge losses already suffered.
As I write this on 8/19/15, the Max Drawdown is shown as 95%!!!! This would require a 2000% gain just to break even!!! Good luck with that.
I would suggest C2 check the background and track record of people who peddle systems on their site.
I have been following this system for a number of years and as indicated in other reviews on this site, Bob Dylan is one of the best. The system is not a frequent trader but is exceptionally profitable. Inter trade drawdowns may test your risk tolerance but the success rate is worth the test.
This is a low volume trading system. Over the last year the system started a downward trend, which is not unusual, except that shortly thereafter the system developer became unresponsive. What is concerning is that C2 has not responded to my email requests on what happens to subscribers who continue to pay, not knowing the system is abandoned. I see this as a critical issue in C2's services, and makes me very cautious about using the service other than for research purposes. Continuing to pay for a system that is no longer active should be a situation C2 takes ownership over.