I agree with the other reviews in April and May 08. Glad I got out mid April. MDD 60.5% now. Subscribed for 1 month and lost $6K. Learned a lesson. This vendor insists on being right with his "insightful" commentaries, regardless of market direction, at subscribers' expense. Oversized positions, averaging down and adding to losers. Among the worst Sharpe and Sortino ratios I've seen.
Mostly OK system. Have a few reservations though - too slow to recognise a change in the macro picture (persisted with shorts when clearly game had changed to range trading), also - slippage in reality is much worse than posted on C2 - BEWARE!!
Since this is beat-up Main QQQQ month, I'll gladly pile on in support of the May 6 reviewer who said "shame on me for subscribing." I also subscribed right at the peak, lost $600 and 1-month subscription money, and also blame myself only for putting my neck in the noose once again. But I'm not so much blaming Main QQQQ as the entire C2 company. As long as "vendors" don't have to verify their broker's statements, you'll get exactly what happens here. Paper trading certainly emboldens a C2 "vendor" to do anything he/she wants, doesn't it? I don't care how loudly the "vendor" claims he's using his real money - if it isn't verified, it isn't verified. End of story. The only real money is the subscriber's. Subscribe here at your own risk, folks.
Don't blame the system for its breakdown; blame me for subscribing. I bought at its peak, and just like every other system I've tried, it collapses when I start using it. I never achieve prospectively the success that a system purports when I start. Makes me wonder...
The problem with this method is that the developer consistently over trades his equity. If he would enter an appropriate number of contracts for the size of his equity and keep it consistent as the equity grows he could add contracts and he would have something that could be traded. 50% drawdowns are unrealistic as is doubling up to catch up and continually adding to a losing position. His won/loss ratio is okay, but money management is poor.
Need good nerves.. and a big account. It´s a "waiting for the big one" system - that big one does come once in a while. Does it offset all the losers? We will see..
It is too bad the vendor doesn't communicate ... at all. There isn't a significant system description nor any replies to private messages. We are holding a pretty big loss now for two weeks, it would be nice to know more about this system. I would be willing to revise my review if there was better salesmanship by the vendor.
Pipsociety is exactly as advertised. The trades taken are have large take profit and stop loss values and are infrequent enough that anyone should be able to experience almost identical results no matter your broker.
The trickiest part for me is determining my lot size. I've been using a ratio of my balance to the system balance. and applying it to the lot size of the called trade. For example if I have 50k in my account and the C2 account has 150k I know I have 1/3 the money as C2 account so I take 1/3 the position that is called.
If you are looking for a system that is profitable, laid-back, and more importantly REPLICABLE! Then look no further.
There are a lot of things that MMO is not good for me:
1) Orders always at market or @stop that has already been crossed when you check, means you have to check mail every 10 minutes (no autotrade here).
2) NO STOP LOSS with orders.
3) Too much fluctuation allowed. Look at the chart. Cut the losses please....
4) Comments on email are fun but "moody". Example: A)"In case the dollar goes up, we want to be ready" selling 11 contracts before it happens or "If it goes as we think, stock market rally and dollar recovery, the Yen should sell-off as well" And it sell 11 contracts again..... TOO RISKY
5) Orders are given anytime during the day, not before opening with a stop order.
6) Only before market opening, stop entry with stop orders systems should have anything above 60% imho.
MMO appears to be a truly novel approach to trading. Based upon mood oscillations in the major market-affecting components of society, market moves are inferred from these trends. In other words, MMO is based upon the premise that people move the markets, and not the reverse. All of this is explained in considerable detail in the vendor's monthly newsletter, along with (get this!) predicted trends for the entire month. The system, while still quite new, has racked up some amazing statistics, and returns thus far have been great. MMO is utterly fascinating, and certainly bears watching closely over the coming months.
I trade with pretty tight spreads, and have watched 4 live trades. I was stopped in the trade on 3/11 and then stopped right out - yet C2 showed a huge gain. Also on 3/26, there was a short USDCHF trade. I put my stop 1.5 pips above the posted stop and I was stopped out. So unless you trade where C2 does - I guess I would recommend to avoid trading this system at your own broker.
I have been monitoring this system for a couple of months and paper traded for a month. After watching a couple of months I decided to trade the system in my account from last week and immediately reaped benefits. Very easy to follow the signals and replicate. This System's developer David is very knowledgeble and responsive. I shall trade it for a few more months and re-rate the system.
I made a mistake subscribing to this system. He entered a bad position more than a month ago and seems to be holding on just with the hope that it will get well. Refuses to supply backtest results of individual trades, just gives year's % gains...it's policy. Fool me once, shame on you, fool me twice, shame on me. there will not be a 2nd month.
Powerful! +700 pips in a "bad month." +1500(+) pips in good ones! I tell everyone I know about this system. I trade it manually and it is very easy to follow. Price was lowered - I don't know why. It was cheap before but now $49 per profitable trade is stupid cheap. I trade 2 lots (they warn about overleveraging) and make an average of $1K-$2K per profitable trade. Losses can be large but inefrequent, and the winners far overpower the losers. Don't get greedy with lot sizes... you'll make plenty even with small sized lots. 5 stars!
This guy really knows this particular pair and how to profit from it. I've been subscribed to the system for a little over a month and have had about 25 profitable trades (for 20 cents per share minus slippage and commissions) and one small loser (for about 10 cents per share). I don't trade from the C2 signals -- I instead trade based on the short-term advice he posts before the beginning of each day (telling what direction to trade and the spread thresholds to trade at). My only reasons for not giving it a 5-star rating are 1) It is not a complete system that you can dedicate a whole portfolio to (since only one pair is covered) and 2) for those trading from the C2 signals, some profitable trades are missed by the system creator.
Overall, I'm very impressed.
Still a new system, but so far has been very profitable and easy to replicate manually. Developer has been very responsive. Good for small accounts. Recommended.
Since Dec2007, the system only traded seleted days, but is still subject to randomness. This system tries to time a rebounce (guessing the morning or afternoon) for the next day in YM. However, as technology advances, the rebounce happens at a faster pace year over year. Maybe the system should target 2 hours instead half day and make decisions as late as possible (not last night).
The vendor had over 2 months here to show with real, validated trades how he made the 300% profit he claims he made in the Fibonacci-Value portfolio at Intelligentvalue.com during its first 12 months. The Intelligentvalue.com closed trades are faked: they use the buyprice as the previous day's close, after the vendor has already confirmed a significant gain in the stock on the day the alert is made. At C2 he can't use such fakery, which is why the equity curve here is real and the equity curve in the Intelligentvalue portfolio is faked. Don't fall for the Intelligentvalue systems and don't fall for his C2 systems either. The only wonder is why this guy would expose himself to the truth at C2.
I have received a mail from C2 that the owner of the trading system, Larry FX, will no longer allow "Free AutoTrader Subscriptions." Very nice. He could wait (at least) until we'll resolve the money we have lost at him since mid November.
