Blew up after a two-year long run. Developer sticks to his long-successful technical indicator system. My take-away: Since the market is always right, a trader has to allow for the market changing its mind, technically speaking, even after holding something as gospel truth for years.
This is a very efficient system. When assessing a system in C2, the single most important thing to me is the risk-adjusted return. I rather leave a few dollars on the table than have to endure a massive drawdown. In terms of risk-adjusted returns this system is all what I want. High Sharpe, very low drawdown (so far) and very few trades so I’m not making my broker richer. I’m making money and I’m not developing an ulcer every time the manager opens a position.
I think the last reviewer must be a recent subscriber. This is a good system. Vendor uses stops and limits, winning % is higher than 50% and avg win is greater than avg. loss. Sharpe of 3.7. Anyone who has stuck with this system for at least 2 consecutive months has made money. You can sleep with this system - you are not going to lose your account in 1 day like you can with other C2 systems.
With 60% profitable wins this system's average loss vs average wins is out of balance. Entry points were good but for some reasom the trader is not able to realize profts (above 40-50bps) but rather waits to the extreme and loses out in the end...I experienced a few time good profits that turned into bad losses just because it wasn't ralizing profits on time
Awesome system!!! Although it doesn't trade much, it handily beats the market & just about everything else out there. With an 11 year track-record, this is a proven money-maker over time! This is one of two systems that I actually trade on C2.
I've been auto-trading MORE for three weeks, and found it is quite good despite a drawdown recently. It recovered from the DD and still post more than 5% growth for the month. If the system keep running with earning more than 5% for months (I don't need risky bets for 20% growth), I'll be more than happy to change the stars to five!
Overtrading = 2 stars. Erasing profits from past 7 months along consistent bad trades = losing an additional star. System overall rating for 2012 = 1 star.
After waiting almost four months for a signal we certainly were not disappointed with the outcome of the first signal of the year. It was well worth the wait.
Index Spreads is one of the few systems that you can subscribe to and still sleep well at night It has a nice steady return and no big drawdown I'm delighted with Index Spreads and would highly recommend it
Joe
Extremely dangerous trading system. Monte Carlo simulation shows probabilities of future account loss are huge, while average monthly returns during the last two quarters are only 3.5%. The question is not if, but when. We came very close to the end with 65% DD on just one trade and this easily could have been 65% or even more account loss. It was a miracle that we survive this trade. I would like to see vendor to go through 65% DD while is trading the REAL MONEY, NOT DEMO account.
On 10/20/12 system started a trade which, by tripling down, risked $163,450 (a drawdown of 64.90%) in order to make $3,224 profit. Before that it also had huge drawdowns. Vendor does not seem to have much faith in his own system since he trades it with only one mini lot. Unless the developer pledges not to double or triple down in the future and keeps his drawdowns at a reasonable level this system is very dangerous. Caveat emptor.
As a former subscriber and still interested in the system I don't understand exactly the philosophy of Hicks. He writes:
"The model will not increase the initial position, meaning no cost averaging. Effective March 13, 2012, my protective stop will not exceed 50 pips".
But what I see is a loose of:
- 4/5: -83 pips
- 4/5: -71 pips
- 4/4: -67 pips
- 4/3: -67 pips
How is this possible? Not a good base for re-subscription.
Losing $10k in two days on an account of this size speaks to a lack of sound money management. If you do sign up, be aware that you are in a for a big roller coaster ride with your capital.
Vendor apparently tries to use his forex technique of adding to losing positions to his futures system. In addition he tries to hedge losing positions with the wrong spreads often using very illiquid contracts. Vendor does not trade the system himself so he does not have any skin in the game, I should have known better that an initial streak of luck does not mean anything. Maybe he will recover but I will not stick around to find out.
Created stop loss rules after huge losses, and seeing now that trader deviated its own stop loss rule in the past few days shows me he is just not learning from his mistakes. Now he must learn the hard way - system isn't bad but discipline is very poor.
I'm a recent joiner - 2D is a powerful system with one of the best track records and highest accuracy ratios. It is a high frequency system - so yes there are going to be a lot of trades and one has to align the time zone with that of the trader. $5/trade might seem high but depending on what lot sizes you trade yourself, and given the high sharpe, these costs are manageable.
Kudos to a great system and a great trader.
The numbers speak by themselves. Over 30% return, 8% max drawdown, average win > average loss. I like the fact that some trades break even (or very small profit) instead of hanging on a position that is not going to recover. Without a doubt the best FX system for a low-risk profile investor. The only problem is that fees eat a high percentage of your return so I would recommend to scale out the system x2 or x3 if you have enough capital.
I like the alertness and willingness of the vendor to deviate from his preset formula when common sense demands it unlike vendors like Venters AUD/NZD (now renamed VEN FX) who let big gains deteriorate into big losses apparently thinking he had discovered the Holy Grail. And it certainly is not a Martingale system like PIPALERT, for exampple. I still wish though he would use market instead of stop orders which, particular for this system, lend themselves to stop hunting which in fact has occurred in the past.
