MK BC V2.0 Futures II
Once promising, now joining the list of "volcano" equity curves where what goes up, must come down. review by Ross
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Read what worked, what didn't, and what it was like to follow a strategy.
positive forex
Indeed, its a remarkable system, the statistic values (APD, Win%, ...) and ave risk is very comfortable - but I dont understand the moneymanagement of trades running big into points and the next day loosing them twice. So the only negativ point is: How much loss until accepting the failtrade
positive forex
The system is a profit maker no doubt...But we need to have stop losses and limits...to control the gains and the losses...and sometimes we feel that the system maker does not watch it...
Bottoms up
A promising system with no slippage. Vendor is very responsive. Large diversified portfolio with both long and short positions. All trades have stop-loss and take profit. Min. trading capital ~$15,000 required to offset commissions and subscription fee by sufficient margin.
positive forex
I'm new to forex and was looking for a service that provided signals on trades. I've executed a number of the trades over the last few weeks and its made me some decent $. The signals are specific with not stop, target or analysis behind the trade, but frankly as long as I make money I don't care. 100 wins out of 108 trades since they started is pretty impressive. I hope to continue with them and the wins.
Hawk-fx
Amazing how this system is still here. -92.44% drawdown !!
Signaux Forex
There is a lot to learn from this approach. No system wins always. Stick with the strategy with a tight stop loss and you will win in the long run. Keep up with the good work. It is doing fine.
Signaux Forex
system tries to beat the s&P index, but keeps falling back down like most people who don't know how to trade.
Hawk-fx
DANGEROUS TRADER
I had opened a managed account with HAWK-FX (before most of the other warning reviews) and lost 10K in about 3 months.
Mark burdge had a few winning trades to start with but then went long on dollar crosses despite the dollar weakening.The key reason why I lost money was due to Mark not using STOPLOSSESS and no hedging whatsoever despite what is claimed.He also didnt bother to email me when the account was down by 30%.
OPEN an MANAGED ACCOUNT AT YOUR OWN PERIL!!!!.I just wish i had closed my account when the previous reviws came in
YM Euphoria
I can feel the vendor's rage against the market by averaging down un-reasonable amount of funds. It puts the followers under great risks.
Although joe will likely saves current losing trade, the regular size followers have already blow off their accounts before hanging on to the end.
YM Euphoria
Like the gentleman who commented on March 22nd, I have also learned a great deal from this trading approach. I've learned that it is better to adhere to a sensible risk/reward approach than suffer massive account-blowing drawdowns for the sake of an attractive winning percentage.
Unlike the gentleman who commented on March 22, my progression as a trader will continue now that I've discarded this system. I'll judge it fair for the lesson learned :-)
Longstoch-ST
A great system to use with a sub 25K account. Easy to follow, mostly identical fills, small drawdowns. Exceptionally good handling of the recent unpleasantness ( despite of being a long-only system). Fair fee.
YM Euphoria
To the comments of March 21st. The trader screwed up. He knows it. I think he's learnt a valuable lesson. Hey he's only human. But on the other hand, he's the best trader I've ever seen. Look at his stats. Do you think the big players never have big loses in any one trading year? How risky do you think futures trading is anyhow? If you know dick about it, then expect to lose your shirt. "Take responsibility for your loses." I use this system to give me an alternate take or confirmation on my own trades as I continue to learn this game. Fact: every time I don't follow this trader's advise (with two, albeit, big exceptions), he makes money and I don't. I hope and pray that after these two loses he doesn't shut down this system, because my progression as a trader will stop there.
YM Euphoria
Another disappointing amateur who is blind to the fact that his stupidity (which he passes off as knowledge) is costing subscribers real dollars. This guy is so determined to salvage his larger bad trades that he'll throw good money after bad in order to do so. It would be really scary if this guy were a licensed CTA.
YM Euphoria
I was reconing this trader as a serious one with strict money management rules. He proved me totally wrong when all the stops for all the legs have been moved away, just for Sugarcoating the system. I said nothing when I lost big time during the China crash, since everyone got caught up unprepared but his latest string of trades, adding on losing positions, and the massive loss it caused are absolutely unacceptable. Its just an invitation for disaster. I was thinking one might have traded this system with min of $80000 until I saw trader's ignorance to money management by smashing away all the stops. That is just wrong. In my book theres no 2, 3, 4 starts. A system either makes money or loses.
Paciencia
Seems like nothing special. Like many systems, a brief run of wins, likely due to luck more than anything. Then they seem to wander or fall out of the sky...
-Ross
Zen-Kerma Trader
Here's another system vendor that talk as if knowledge of the paranormal is the answer to trading, but when audited by reality (C2), proves that he's nothing more than a fool. Let the track record speak for itself - and let us hope potential subscribers know bullshit when they hear it.
PrimeTime Mini Re-load
"Im in the club business, so I sit here every day for the last 10 years and try to figure out this trading business" - I suggest you STICK TO THE CLUB BUSINESS, because it looks like you haven't figured anything out, except how to get lap-dances from girls you're interviewing for your club.
YM Euphoria
you can trade it if your have more than 10 000 $. In this case you can trade 1 lot only. There is very often multi leg for the trades. You must support it on the point of vue psycholgical and financial.
The P/L is calculate, according C2 rules, by contract.
If one week you made 5 trades and you lost 200$ on each trade, PL write on site is -200$
If next week you made 1 trade and you win 300$, PL write on site is 300$
but in reality you lost 5*-200 + 1* 300 = -700$
not really the same thing !
I use this system only one month, not really lucky, i start exactly the day where there was a very big loss.
never success to win back all what i lost.
if you have less than 20 000 $, i not recomend to buy this system. I you have more, i suppose it's a good one.
Legacy Merlin
System is having a hard time adopting to the changed market conditions with increased volatility after the Feb 28th correction.
Has to prove its profitability again in the future.
Legacy Merlin
TMG is having a rough time recently, a problem inherent of EOD day signal in a very choppy market condition. However, you do much better if you do NOT trade the signal reversals with market orders, but rather set a close stop once you get a signal reversal and a OTO order (stop followed by market order). This certainly saved me many thousands on a couple of different days that the signal was wrong and the market gapped against the new signal, but I stayed in and on the right side of the move because the stop was not hit.
Legacy Merlin
Vendor is now advising to not take signals and go to cash (of course and pay them for that great advice). You know they are true professionals when they say "if you would have done this or that (basically anything but follow the actual signal) then you could have made money". Just goes to show you can curve fit 20 yrs of data and it only took three people to figure out how to do it. It gets a 'fair' just because it hasn't blown out yet. Give it enough rope and... well you know the rest.
Cheetah
experienced trader, good R/R and regular performance. very good system
Rocket Science-Mini Dow
Vendor feels invincible - no stops needed, averaging down on losing trades, and huge blow-outs when they do take place. Do not use this system unless you are prepared to manage the risk yourself. Also, don't expect much from the system vendor in terms of communication... you are just a fly in the ointment to him.
Rocket Science-Mini Dow
It has been an interesting ride. This system basically has no risk management and therefore can have monsterous drawdowns.