Test Timer Ultra
ETF Timer systems have a strong track record. So rating these and other strong systems with one star only proves the rater is a fool. A few losing trades does not make a bad system and vis versa.
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.
ETF Timer
Four months in red? Bad, bad, bad.
ETF Timer
This is definitely a trend trading system, as other reviewers have commented. In a trending market, it is great; otherwise, you need to be prepared for drawdowns.
This is what I am struggling with: whether I can handle the drawdowns in a non-trending market. But, thats the problem with all trend traders--you have to have an iron stomach...
Test Timer Ultra
Shorting the market in the middle of a range ahead of 2 POMO days just does not pay well. This system seems to make money when it gets on the right side of a trend early but it also loses money when it gets head faked which seems to happen more than it should.
Test Timer Ultra
I am gradually reducing my exposure to ETF Timer due to continuing poor results. I really hate to be short every time the market bounces 2-3 percent. And that seems to be what is happening.
ETF Timer
If the market is trending, this system appears to do well. If not, then you will get destroyed. Since July of this year, the system has signficantly underperformed the market.
Test Timer Ultra
Developer has gone back to his intra-day trades that worked extremely well from 1/07 thru 1/10. His first trade was solidly positive here and he has picked a great entry again this morning. Mojo back, get onboard now.
My Stock Portfolio
I am not sure what is happening with this system. we are is same loss making position last one month. Just accumulating on downside. I hope there is some rational idea behind it. if Vendor atleast communicates it will be wonderful. For now I will give 2 star rating
The system primarily trades currency futures and secondarily US Equity index futures. Only about 10% of trades have been in other futures, so it is not the diversified futures trading program it purports to be. After an outstanding 6 week start, the program has been flat or losing money for more than two months during which time the equity curve looks rather benign but actually has more DD than one would think. On 9-01-10 the system equity was $69,240, today it is $61,428 or more than 11% DD this month.This figure is more than twice the minus 4.6% given in the Hypothetical Monthly Results. Someone who subscribed on Sept 1st and took every trade would have lost more than $8K in 4 weeks when costs are included. This may turn out to be a great system but Caveat Emptor.
SL Capital Management
So far I have been very pleased. The vendor quickly answers any questions and in my opinion has a very consistent trading style with minimal draw downs. The trading history is just a few months old at the time of this review but I believe this system has great potential to perform well in the long term.
In response to the previous reviewer, I have no regrets whatsoever that the system is in cash. Implicit in that review is the assumption that we would be on the right side of the market today. Please note that the last two equity trades resulted in losses of over $4300. Stop loss too large IMO. Vendor neglected to tell his subscribers that he changed the system methodology in midstream. Not good. I am waiting to see how system performs after reverting to original format
ONE'N'GO
System apparently uses a very dangerous martingale type of strategy similar to Speculationtrader. Be extra careful with such systems because they work but only for very large accounts.
E-mini SP500 Trader
I tried the free 10 day trial subscription.
It seems as if the developer has become nervous about trading his system. In the past10 days only two trades, both losers.
I do like the quick in, quick out for a profit with tight losses that the developer uses. I'll keep my eye on the system for now and see if it starts doing a more consistent job.
I agree with the reviewer who said that the initial methodology seems to have been abondoned and that you can sense the that the trader is on tilt. He is chasing every little headfake in the market and getting whipsawed up and down. He needs to just go flat and get his bearings and stop chasing his tail. Patience is an important factor in trading and so is staying flat when you dont have a good read or a good edge. Problem with this system is that it has no patience with positions flipping from long to short and back and every blip in the market and it is always in a position never flat. With that methodology it will be a loser in the long run.
Looks to me like all the Babson systems started out trading with some type of Discretionary method. The method seems to have been abandoned lately, and you can feel the anxiety of the trader through the trades. I signed up a month or so ago but have not taken any trades( I always want to get a feel for the trader before going live). I will continue to sit on the sidelines for now and watch. BTW, I think Ron may be a decent trader but he needs to stick to a method and walk away from the screen every once in a while.
I am also out for now... I think the way he marketed this, it should have been perfect! Alas, it is not, I 'hate' people playing with money of others when the trading is not perfect. I hope I am wrong in my assessment but I am out. Alas...
I signed up for this system about two weeks ago. Trading seems nothing short of insane. It leaves me wondering what the H*** are they thinking. Markets moving up, lets go short, markets moving down, lets go long. Can not make up our mind, lets go long, then short, then long, and lose money on every trade along the way. I trying to hang on but it is very frustrating.
It is quite puzzling and infuriating that a system using some software called PrecisionTrader 5.3 can be so imprecise, jumping around and reversing positions left and right.
Glory Trades
Looks GloryTrades knows well what is doing and i like the strategy.
This system has turned out to be a bad joke. I too was put off by the developer's hype and videos that tell you basically nothing but was sucked in by the early performance. It turns out the system is not really diversified as claimed - even though he buys funds in commodities, currencies and stock indices, he keeps flipping them from long to short and back, using the same lousy timing. Being diversified is supposed to be somewhat of a hedge, but in this case it assures that you lose money on all fronts.
The current market whipsaws on any media information, not technicals or fundamentals. So dont expect any of these technical systems to perform consistantly until this shrewish market is behind us,, months at least.
daily income
In tracking this system, daily income, for the past couple of weeks I have yet to see profits exceed commissions. At $8.86 per r/t the more it trades for small point gains the more it loses.
ONE'N'GO
I subscribed to, and then quickly abandoned, this system when it became apparent that risk management was inadequate and stops were, to all appearances, nonexistent.
DAX Catching
Adds to position when it runs against trader. Requires large capital and risks are substantial.
GermanFX
I subscribed to this system about 6 months ago... The only word I would like to use to describe my experiance with it would be a "WINNER"...