Legacy Merlin
I would not trade TMG during this down draft. The equity curve seems to be going down with the market. There are other end of day signals with a 100% realisum factor that are performing much better than TMG.
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Small Cap Fundamental Value
This system needs to build a track record, I would like to see more diversification - 10+stocks.
As a previous reviewer pointed out the system owns spectacular gains to 1 stock - TBSI, however nobody knows if the market will be down until October, if I knew I would not need any systems to trade stocks.
LOL
LOL
extreme-os
Autotraded: July/August2007
This system doesn't seem to work in a volatile market. Never lost so much in such a short time.
Very dangerouse even for my risk tolerance.
Small Cap Fundamental Value
I can not recommend this system because it is a black box which owes much of it success to one trade (i.e., TBSI). If you removed the TBSI trade the gain from inception to 8/6/07 would be ~7.9%. Given that the market will be down until October it is not clear how the system will perform during these periods. Despite the above comments this system is one of the best on this site.
Legacy Merlin
I would not recommend this system during this pullback in the market. Since 2/14/07 the system has tracked very well with the S&P 500. The system which trades the QQQQ has gained ~$10K and the S&P 500 has gained ~$5K since mid-March. The Win% has gone down and the max drawdown has gone up. Despite the above comments this system is one of the best on this site.
Legacy Merlin
I wouldn't recommend this system until it shows a steady progression upwards. It did good at the end of 06 and a few months on 07 and since then it has been a commission killer. 150 plus percent in 2006 is nice but in the 9 months they have been live they are at 23 percent with commissions. Not bad, but anyone who didn't start using them nine months ago, then your account hasn't done much. good luck to them but 9 months is a good time to judge a system. the developers are helpful, but in the end that doesn't matter. the bottom line is I want to make money, I don't care about anything else.
positive forex
I signed up for this system a few weeks ago, and granted that is a short time to make a review in, but so far it has been extremely disappointing. It has so far slashed its budget in half. Evidently I signed up at the peak right before the crash, of this system.
Here's hoping that Mikhail can make a recovery quickly, because soon at least my account will be bankrupted.
extreme-os
Seems very rule based system, but pay little attention to current news. Do not avoid events like quarterly earning reports, risks are often high.
High percent of good picks but some are low volume stock, very high slippages with AutoTrade (surge orders). Cut loss quick (2 days) but had no stop nor hedging protections. Stable curve but stats are rosier than real at C2. Good system before 2007, but timing are off often in recent 6 months. Net loss to date since Oct 2006.
Eternal Return Trading - SwingNQ
I completely disaggree with the review from July 31. What happened is that the system did not trade with the initial market direction. And as we all know when you get behind the market it is very difficult to squeeze out a win. Nobody is perfect. Also, most systems were hit much harder during this high volatility period. Some systems were down $62k+ which would wipe out most of the smaller account investers on C2. Trust me this system is by far the best way to go and look what he did on 8/1. This guy is definitely looking out for his subscribers.
USD/CAD-Mover
why these drawdown?
Why dont accept losers?
terrible
Cheetah
BIG CAT
VN Forex Club
Si, I am new subsciber to your system. I was wondering why you decide to make change to the system given that your past results are doing very well. Is there a chance you would switch back to the original system ?
Eternal Return Trading - SwingNQ
The system did not handle well 7/26 to 7/31. Because the system use the same fixed target and stop. This does not work at extreme VIX, check the chart on 2/27, 3/15, and 7/26 where the DD starts
VN Forex Club
Even with recent drawdown (which will happen with most systems), VN performs well and really isn't that hard to follow the signals.
S&P profit finder
Too much slippage and delay for auto-trading, especially in a fast-moving market where scalps average around a point or so. I also notice a delay between the signal posting on C2 and it hitting my brokerage, which makes things even worse in a fast market. I've also noticed several occassions in which a very profitable trade ends up near zero or in the red, due to the vendor not locking in profits with a floating stop (especially true with his smaller quantity trades). Also, my actual fill prices are not reflected on C2 even when I use the "overlay" feature... rendering it mostly useless. This could be a very good system, with a few enhancements.
VN Forex Club
Recent Drawdown was alarming.
However in reviewing the lengthy trade hisory I have a lot of confidence in Si. If you are overleveraging your account you got stung, and if you think you are not going to have losses in something as complex and risky as the forex markets then I can recommend a nice 8% mutual fund.
KEEP UP THE GOOD WORK SI.
Your system will suceed. I have full faith and confidence in your abilites as a trader. Quit answering and looking at negative emails and focus on the trade! You WILL make us money.
dkitch.
System not found
positive forex
Over the long haul, system consitently performs well. But, since there are no stops, I would prefer that the mini-lot positions be spread over 5 different pairs (i.e., 5 different pairs with 70 mini-lots per pair). Now, for example, 210 mini-lots (i.e., 60% of capital) are devoted to one pair and the drawdown is up to $65,000.
In summary, since there are no stops, more diversification is desired.
VN Forex Club
the autor admits that he changed the system; he should have warned subscribers! people rely on past results to judge if they want to participate. results now are terrible!
VN Forex Club
System has 6 great consecutive losses. Terrible. With risk of 5% in each trade, i losr more than 25% of my account. It seems, after making system free for autotrade, author made some corrections to systems, to generate more trades for higher broker fees. Will see on more month for it. B
VN Forex Club
To go against the markets his very risky. And this system does nothing else. I hope the system developer has a good indication for the opening of trades. Top pickers and bottom pickers become cotton pickers. Let`s hope the best!
(22808053)
Very nice system. The most important thing for me is that the realism factor is real! You could talk long time if you prefer a system base on returns, dd or sharpe ratio, but all of that if meaningless if you can´t match the signals with live trading.
Legacy Merlin
I have been trading this system since January, and I can tell you the three amigos are outstanding! The Captains knowledge of the market, and his involvement with his subscriber base never fails to impress me.
Bottom line. this system works. Since subscribing, I have been trading e-mini NQ Future contracts, and have boasted far better returns than this website reflects.
If you are a new investor, be aware that no system is a substitute for proper money management! Do not invest what you cannot afford to lose, soak up all the knowledge you can, and you will learn new techniques for maximizing profits(if that's your goal).
I gave them 5 stars, because I have not had this level of confidence in any system for the past 8 years of my trading.
JW Index Trading V.18
system looks interesting, but unsure of trading practicality when there can be a week to a month between trades. Gives impression this is more of a hobby that a serious pursuit. Would like to see at least 1 trade a week... Review by Ross