-The vender is a nice guy.
-Leaving a single position overnight with full margin is not my favorite.
-The risk control for EOD system is very difficult, especially in extreme market conditions. Yes, the vendor did use stop and issue the sell signal after the big rally, but it is too late. You HAVE to watch the market sometime, otherwise stay away from it.
-The volume of MVV/MZZ is too low. I use a combo of SSO/QLD/DDM instead.
About C2:
- Instead of following those high-hands, it is more important to LEARN, and then develop your own system.
-I only use C2 as reference and always set my own stop and profit-taking points. Sometimes I did better, sometimes not, but I know exactly how much I can lose.
-THE MOST IMPORTANT, if you auto-trade C2, ONLY use the money you can afford to lose.
It's a pity to see how today's market intervention by the government (not a bad thing per se) marred an otherwise great record for this system. All subs should be aware that all systems try to repeat what they've learned from past history, and "black swan"events are beyond their reach. Going forward, and barring more intervention, markets should stabilize and go back to trading normally, a situation in which mvp-3 shines.
Only 2 days ago, vendor crowing about his system reaching all-time highs, and yesterday more bragging about 221% annualized return. And that didn't even include the backtested periods, he said. This has to be one of the most shocking reversals of fortune in C2's history, about a highly regarded system's sudden descent into oblivion. There was something about this vendor's supremicist attitude that made me get out a few weeks ago, and glad that I did. In this morning's other review, vendor's rebuttal to the criticism is that government's action today is a one-time, unforseen, watershed event. Hmm . . . funny thing about the stock market - there seem to be lots of unforseen events! Let us look at this 60% drawdown of margined funds and learn a lesson from all this.
At this date Swing It has produced 44.6% over 156 days with a maximum drawdown of 2.8%. 100% of trades have been profitable. Average trade lasts 13.9 days. Trades are done with limit orders. The system has been on C2 for 6 months, but historical record dates back to 3/07. The provider is ultra conservative with this system. WOW what a system!
I'm out, 7 days free and 30 days at $250 and I am down about $10K, ouch! I autotraded the whole way. I like your grandfather's saying, just not the system performance or commission charges.
This has got to be the most entertaining system on C2. It will make you laugh, cry, scream out in terror, and cheer for the home team. The review is based solely on the entertainment value. If you want to evaluate its merits as a trading system, then just look at the equity curve and the stats.
My Problem with this vendor he did not follow the his stated objective of 4 point stop loss but allowed around 17 point loss. This shows me He forgets his objectives and trades according to his whims and fancies and it looks like he traded sincerely first week system started after that he just did not care. I don't feel comfortable in allowing vendor to auto trade my account
I subscribed and unsubscribed to this system a while ago. Looks like it has its ups and downs, but overall performance is quite good (just commenting on the publicly available stats). I think that the vendor's reticence has just annoyed the subscribers into issuing negative ratings when the system had some draw down in April/May 08. oh well!
No explanation necessary, the equity curve speaks for itself. The only reason I don't give it 5 stars is because it is so young. I hope and pray that the trader does not loose his golden touch.
One trade, (winner or loser) is around 25$ of subscription cost. There are about 3 trades a week. The system goes against the trend and tries to catch intraday bottoms and peaks. A very hard trading technic that only a few master. The system is also discretionary however it is performed like a mechanical one, not taking into account market sentiment and psychology, what I expect from a discretionary system.
Boldly ignoring the APD, I tried one trade of this system and immediately got what I deserved: the biggest loss in the history of this system, proving that this is just another buy & hope & averaging down system.
Disregard the other review. This system based on flawed logic (clothing color and moods). Add to that a huge drawdown, which is likely in the future. Banning of others on forum is also a warning sign. This system is based on comparing clothing color and mood of CNBC staff to the market for a month. HEE HEE HEE lol From Cari’s paper (logic of system) “The collective mood of the CNBC staff before the market opening each day for 29 trading days was determined through scoring the clothing color and the mood of the commentary. They were scored using the One Wheel system… Probably a roulette wheel ROTFLMAO
I am manually trading this system for 3 months now.
This system buys and sells OTM calls and puts. There are always 2 "legs". One leg will always loose while the other one is in profit. The difference is your profit. Very easy to follow and a very helpful vendor.
The System doesn’t works now. I think it would be better to choose another system. The average per winning trade is 1200$ and the average per loosing trade is 1533$ in the last four month. But the win/loss ratio drops from 80% to 50%. It was a very gut system, but it would be better to wait until the win/loss ratio arises again to 75%.
Nice steady pace. Well managed trades in forex. The system is suitable not only for auto trading. Signals are clear and sent during congestion so there is plenty of time to enter a trade. The vendor keeps eye on trades and although he is not very communicative he is very prompt in responding to your emails. I trade the signals manually and I’m able to achieve the same or even better results than those presented in C2.
“Keep doing a great job and don’t forget on us – subscribers who’d like to stay in plus”.
I am surely disappointed.
I was pleased with your performance, and was watching closely your strategy. I was planning to place a very substantial sum, and I mean substantial, into your fund. Regrettably one day you appear to have placed very large trades, and neglected to follow them up. After making profits, they reversed sharply to make substantial losses, wiping out over fifty percent of my funds in a few hours. You had no stop loss levels, no trailing stops and obviously did not apply the basic principles of Technical Analysis on that day.
If you want to trade a consistently profitable day trading system then this is it. I have been looking for a system like this for a very long time. The developer is very honest and really wants the subscriber to succeed. Plenty of time to enter signals. Of course there is a little bit of slippage sometimes but what system doesn't? The developer knows what he is doing and amazes me everyday with some of his excellent trades. The developer believes in using proper risk to reward ratio which is a big plus. I honestly believe this is one of the best systems on c2 by far. If you are interested I would hurry up and join because I bet 20 spots will be filled up very quickly.
In case you wonder, I don't autotrade this system. I am not sure why it says I am an autotrader of the system.
Now, here is a guy I've grown to respect. Gabi knows his stuff, and when I disagree with him I'm typically wrong. If I had simply followed his trade advice instead of debating it I would be a lot richer today (7/24).
He is sometimes a bit too early in his signals (a day or 2), so maybe pausing to think before acting can be a good thing - but don't wait too long!
Easy to follow, few trades, small bets, however he does not like stops and will be whistling through the worst drawdowns, waiting for the market to "correct itself" (follow his logic). Scary, if he weren't as right.
For this reason, if you don't have his cold blood you may want to setup autotrade and never look at the open trades. Just wait for the closed ones to arrive via RSS - for they typically bring good news.
When a drawdown occurs - stop autotrading this system and run for cover!! I had to manually closeout positions to save skin. Good trader in normal times - just use money you can afford to risk.
