I have 20 years experience with timing the market. It is rare to find a system that has discipline. This system went 6 months without a trade. With most other systems, the author would get impatient and tweak the system to generate more trades. Bravo. And, I have been trading automatically and have found the fills to be accurate with the system. Also rare.
Towards the end of the trading day vendor enters a larger than usual ES long position against the prevailing down trend. A little later he adds another long position with NQ which can only be regarded as adding to losing positions. In both cases he leaves the positions overnight without any stops even though he states in his System Description that every trade will have a stop. The result is a loss of about 10% of account equity. Highly irresposible! Was the result of the first two month just luck? This review will stand until vendor can prove otherwise.
I have subscribed for about 2 months and am very happy with the system. It is the most stable system i've seen here. The developer seems to manage the trades well as even if the trade initially goes against him, it always seems to come back. I would encourage him to create another system with another currency pair.
I do not like doubling when in a loosing position
I was told he would only averaging 1 time so a double position
Today again i was in a triple position
He diverges from his trading plan
That is dangerous i will unsubscribe
Been 3 months since any signal. Maybe that's a good thing, but the should only charge in months where they actually provide a signal. Otherwise it's a waste of your money.
After commisions and fees the system has remained flat for a year. On top of that the fees were increased from $89 to $99 a couple of months ago (I know Wayne had his reasons but that is his problem not us). It is a shame since the system would've been profitable with a fairer fee schema (e.g. pay only if month is profitable). At the moment the only one making money out of SuperrPips is Wayne I believe so I'll be walking out if SuperrPis doesn't become profitable somehow soon.
This is a good system. It will make you money. Just realize that it is for a large account though. Selling puts requires significant margin. Don't think you going to use all the developers idea with a $50,000 of even a $100,000 account.
The review below sounds so familiar...isn't it the same review for now-defunct system called shark trade? The system is running out of the steam now, last several trades seems to be the last struggles for the system to get above water...communications from the trader was good before, but now he is basically silent. I hate to say this system has past its peak and will lose all subscribers pretty soon. If the trader is no longer focused on trades but the subscription fees, that system is doomed for failure.
It's sad C2 has so many system like this one. And if C2 can not find a way to deal with these hit and run systems, C2 will be doomed too.
Never ever subscribe to any system from this guy. He changed the price from $24 to $2000 just before my credit card would have been charged. I was lucky to notice the new price in "Reminder about subscription" e-mail. I didn't get a notification about the price change althought I should according to Matthew.
This is just another RD30, which is a VBO system on european and US indices. Both systems need to take many losing trades before catching a correct one. However, this system is even more sensitive to breakouts and did too many trades(around 4-5 trades per day).
This is an excellent system, with well chosen entry points and carefully managed risk. To the other reviewer who noted that the system performance more or less matched that of the stock I would point out that since the time of that review the stock dropped massively but the system continued to perform. This system delivers, long or short.
Be aware that close signals are often issued at 16:00, which does not give you enough time to execute, not even if auto-trading. The developer has indicated that signals would be issued at 15:59 instead soon, which will address the issue I'm having, but may still not give you enough time if you're trading manually. Auto-trading is definitely highly recommended.
this system tracks the performance and the trades accurately. A warning to those who are underfunded this is not for the faint -hearted, a lot of the trades go against for the first while before reversing direction.
Has it really been over four years since anyone wrote a review of this system? And the last reviews were all highly negative, written right after the March 2009 market lows. Extreme-os certainly suffered from that period (mostly due to one bad trade: the Bear Stearns collapse) but so did everyone else. Well, with the exception of John Paulson that is. It’s time we acknowledge that what Uyen Le has accomplished since 2005 is remarkable. His system is at all time highs; win percentage back over 70%, when it was hovering around 64-65% just a few years ago; and despite the two bad drawdowns, Uyen has only had one losing year (-7% in 2011). How many 9-year old stock trading systems do you know with an audited 231% annualized return?
Vendor does not have a well thought out approach. This is a scalping system, similar to Sharktrades that went belly up a few months ago. The system is a recipe for disaster, and the current trade is disaster #1 unfolding. Hold and hope approach, averaging down and hoping things will turn out right. 21 straight wins (before the current losing trade) and the vendor sent out an excited email to subscribers congratulating himself about the fact. Mature traders don’t do this. You have been warned.
Looking at the losing trades I believe by simply adding an ATR 14 stop at 3 from the ATR entry point will cut the losses drastically and won´t affect the winning trades. The system developer should backtest this to see if it improves the results.
Completely agree with the previous reviewer. The last few trades showed the system is cutting the profit quickly and let the loosers run. It is opposite to "cut the loss quickly and the the winners run". The system is on the decline from year to year. The first year, monthly profit is 16%, loss was 3%. 2nd year, profit 12%, loss 4%. 3rd year, profit 6%, loss 12%. So the trend is increasing in sub fee, and declining in profit. This is a not pretty picture
Disasters like this happen when the developer completely ignores what's going on in the outside world. On FOMC days he should stop the system or at least place a tight stop loss - this was the day when the rout started, a 26% loss on just one trade based on the starting balance (for those unlucky enough to have just started before that day) but even for long time subscribers a $13,000 loss is no small potatoes. Fortunately, subscribers have the option to put their own stops on, however, from the live brokerage date one can see that most did not. Lesson learned: Even very successful long term systems should not be followed blindly.
Be very careful. Make sure you look at his discontinued futures system which he bailed on when the market turned and it blew up spectacularly. Very high risk.
Andrea pays close attention to the markets and manages this system exceptionally well. He communicates often. Signals are mostly issued before market open, making the system easy to follow. Highly recommended.
I disagree with the previous two reviews. If you check the information that is outside the C2 site and trust it, you will see there are numerous drawdowns along the way in the range of 4k to 6k with the worst being 8k. If you don't have enough capital to trade the system and handle those types of drawdowns, you shouldn't be trading. I don't like losing money as much as the next person but joining a system and expecting riches is just foolish.
