Previous review is too harsh in my opinion. I agree on some missed opps, as some closing limit orders were a bit too optimistic during unsteady mkt. I subscribed from May to September with satisfactory results by using scaling and compounding. I am putting the system in the freezer for now due to flat/down performance, but many systems are having a hard time with europe and US turmoil. I am looking forward to re-subscribing after system starts hinting performance again. Mod trader for me remains one of the safest and well-balanced systems here at C2.
I sent following feedback to the vendor and he terminated my subscription: "I subscribed two months ago and I must say all I see is small gains and bigger losses. There were many opportunities in the market either fundamentally or technically but you missed all of them. All you do is to buy USDJPY which hasn't been moving for a long time. As a result, although you say this is professional account, I couldn't see any professionalism so far."
If you can"t stand to criticism, then don"t do this job. Equity curve since May tells you everything. Stay away.
Horrible strategy, the developer buy high sell low and when there is a large amount of profit he does not lock in the profit and let it turn into a big loser. Buying CF at all time highs after it ran up 300 percent since last July just tells you how terrible the strategy is. That CF trade was a complete disaster buying at the high then it dropped 10 percent.
It doesn't use stop losses at all, has been in the same losing GBPUSD and GBPJPY for over three weeks so far. It also keeps lowering its average entry price by adding lots to the losing positions (martingale). Personally I think is a way too risky to abuse of this strategy.
Trade this system only with money you can afford to lose.
I think this system has an upside, but it didn't work for me while auto trading. I lost 10 times the subscription with one good trade and one really bad trade, yet still it was a small percentage of my account. It seems the system might get back my losses, but I decided to move my money and apply it to another system on C2. The developer is very good a communicating current trade status, market conditions and possible trend. I don't doubt the system will be successful, plus the system is one of the better ones for options. I will be unsubscribing soon, but I wish the system the best.
Been autotrading this for 1 week. Since my account is small I use maxlots=2. Up exactly 2% net. The consistency I was looking for continues, even though I put my money on the line! Lookin' good.
I tried a 7-day subscription in the hope of gaining some insight into this system before committing real money to it. Unfortunately, in the 7 days I was subscribed I got nothing. No trades, no information, no notifications. I'm now unsure what the 7-day trial "subscription" was about. Is this a bug in the system? Another worrisome sign is that the designer of the system has several more systems most of which are showing huge losses. The short (~3 months) history of this system looks absolutely wonderful. The question, of course is: is it real or is it a Martingale system. I don't know the answer, but my personal conclusion after this small experiment is to stay away from any system with less than 1 year of history. The risk is just not worth it.
Yet one more Forex system bites the dust! Are there no viable and sustainable Forex systems at C2? All promising ones eventually suffer the same fate ... crawl up the stairs and jump off a cliff. Sad, very sad.
I was auto-trading this system since it had a respectful history, until lately in which I lost more money than I expected. I stopped trading right away and it has since then gotten worse. I hope the system comebacks from this recent downwards performance, but ultimately had to stop trading the system. All I can say is watch out and give the system some more time to show it can prove itself to be a good system for trading. The developer did keep us updated with information and outlook, but performance counts more than anything else. It didn't perform while I auto-traded the system.
Trader has very poor concepts of W/L money management per trade. His trades avg only around 10 pips which is fine but he endures well into the 100s of pips drawdowns. You do the math. After hearing his "assurance" email it was clear he was grasping for large TF reversal when his profits should be of a 1 Minute chart. BEWARE if you consider your money worth anything.
The system works well and the profit is significant. I give it four star rating for now because of its short live period. Otherwise, it deserves a five-star rating.
This system is easy to follow. Six out of eight months profitable. It shenjoy consistent low risk profits. Risk is strictly controlled at 1-2 per trade, rigid stop losses, limit orders and patience.... all of which is rewarded handsomely. Responsive, courteous developer not interested in flash in the pan performance but steady consistent growth. I will be increasing my exposure steadily to this system moving forward.
Exceptional timing and good variety of traded instruments and markets. Very promising first few months' results, excellent communication with the developer - what else could you ask for?
Elevator down! Two consecutive 5K losses in a vendor-recommended 30K account size = 30% realized drawdown in 2 days! After the initial lucky month, the trading pattern changed from that of small regular gains to that of huge gains simultaneously countered by huge unrealized and realized losses. There seems to be absolutely no risk management in place to mitigate further or deeper losses, and more tellingly, the vendor is not talking -- private messages have gone unread (let alone acknowledged) for more than 48 hours despite regular vendor C2 logins, which seems to indicate indifference to subscribers over the losses just incurred. That alone should be strong warning to anyone contemplating trading this system, even in the face of another lucky winning streak.
This strategy only performs when there is a high volatility as we are experiencing now. When the dust settles, you will see that the return is negligible - check out the performance between last year July and this year May. So my suggestion for new subscribers is to check VIX index to have an indication when to stop trading this strategy.
I very much like this trading system. It is balanced and consistently makes profit. This system easy to trade manually using the broker OANDA. It is safe for little deposit. The developer quickly answers any questions.Does not have as long a history as some, but nevertheless would appear to be one of the best systems on C2.
This system seems good and reliable over time. I watched it for some time before stating to trade with cash and the results have been very good, the equity curve is impressive, showing some drawdowns but overall the equity curve has accumulated substantially and generated good profits. Well worth trading as the fees are also very reasonable, based ONLY on successful trades
A note here for watchers and for Collective 2. This system cannot be functioning in this manner. It has > $30,000 negative equity. How does an account stay open like that for days and soon to be weeks? C2, can you review the rules for systems in this category otherwise potentially there is a disconnect with the tracking. Obviously in this case the owner of the system has an account greater than that shown and he can ride out a drawdown meaning also the figures stated in the stats are out of whack, i.e. lower actual annual return but lower drawdown as a percentage of the account.
Developer sincerely cares about the system and subscribers. However, as this system gets literally crushed by current market conditions, I will have to put it away for now. Check this one out again in 3-6 months. Had a good start, but because of recurrent and well-above average recent losses: 2 stars
