This system has made all of its P&L so far in a single stock (FCAU). All other positions are losers. Positions are typically held for a very long time (months). Overall the picks are good (undervalued stocks) and I think long term they have the potential to generate a lot of P&L. However, the system is unhedged and extremely volatile. In brief: I think the stock selection process of this system is good, but the portfolio management process is not. If you are interested in long term picks (think retirement account) and are not concerned with short term volatility, it may be a good option. For capital preservation and short term trading however I don't find it particularly good though.

System developer replies quickly to his email. Mentioned a 35% drawdown during the crash of 2008. His backtest goes back till 2001 but he was not willing to provide it. He preferred us to focus on actual results. That made me doubt about trading this system. In case the system did not work in the past, considering bullish and bearish markets, crashes etc. I doubt if it will work in the future. Unfortunately this system developer was not willing to provide us with the backtest and therefor I was unable to determine if the system really works considering sept 11, Internet bubble, 2008 crash etc.