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THE SUBSCRIBER PERSPECTIVE

Strategy reviews

Real experiences. In subscribers' own words.

Read what worked, what didn't, and what it was like to follow a strategy.

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Reviews of WWW.CONSENSUS-TRADING.COM

WWW.CONSENSUS-TRADING.COM

It is very un-practical to buy 20 ES & 20 NQ at one time unless you are trading with a $150k account. The system was doing good till the market turned down and then still there were mostly long signals -I need somebody smarter than me -thats why I subscribe.

WWW.CONSENSUS-TRADING.COM

Results were good when I was subscribed. Luckily I got out before the current drawdown. I think Consensus was more interested in a 100% trade record than using stops.

WWW.CONSENSUS-TRADING.COM

What you don't see (as a spectator) are the losing trades that are still open -- which are so far in the hole they wipe out months of hard work.

WWW.CONSENSUS-TRADING.COM

This provider is not responding to forum messages or e-mails, even though they promise to do that on their website within 24 hours. There are no stoploss - the strategy is "buy and hope". They also don't follow their own strategy description - they are currently max out on both NQ and ES and in a very big drawdown, so they just started trading YMM ( which is a highly correlated instrument) while holding ES and NQ positions. For subscribers this is a disaster, because they now do require over $150k to just follow their signlal with minimal ratio 1/1

WWW.CONSENSUS-TRADING.COM

Don't be fooled by the results. Look carefully at how long you carry a loosing trade. Though initially the system looked good on paper when I went to trade it live signals were sent that could not be filled, the vendor is very difficult to work with, no stops and way to long to carry the loss hoping for a turn around.

WWW.CONSENSUS-TRADING.COM

I've been using TWS(IB)-TB-C2 to autotrade this system for a while, generally it's good. However, I'm not happy with the average-down and multi-leg thing, maybe the system vendor wants to keep a high win ratio. The multi-leg thing might become a nightmare for auto-trading; once you missed a signal(internet outage, power outage, system crash, or whatever, trust me, that will happen, at least twice in two weeks for me), everthing got messed up, you have to follow the signals manually for the rest of the deal, which is impossible for we working people. So my suggestion for the system vendor is trading simply, forget about the average-down and multi-leg thing. A high win ratio is not that important, compared to a steady uphill curve with minimum drawdown.

WWW.CONSENSUS-TRADING.COM

This trial period thing is just ridiculous: Wthin the 7 day period there were only 2 days the system traded: Yesterday and today. And tomorrow the trial will expire. Hardly time to test - especially when you thought subscription will be USD 10 - now it is 95!! Still a good system, but bad business practice.