Joined in September, and this strategy seemed to make money. It was making similar trades as another one, forex aggressive risk, december trade was risky and i lost a bit due to the interest, but as soon as the euraud trade went negative and losing i chickened out. Over the last half year i did retain some profit, but if i didnt chicken out i would have lost big.
If i was smart i would have did a reverse mean trade and then would have done well.
The problem with this strategy is the owner did not want any losing trades so kept everything until they recovered. What they should have done is to reverse the trade, ie change from sell to buy to recover.
Very well managed strategy; always keeps us informed whether on a weekly or as needed basis. Especially like how manager has made safe trades, made some money in a downturn. He is vested in the fund with own money and it shows.
I'm very pleased with this strategy. I initially thought I would be following via an auto trading account, but I was unable to set that up (ONLY my fault, not the author at all). However, as I followed the strategy and entered trades manually, I was able to see nice profits. I appreciate the use of leveraged ETFs and the brief time frames involved. The author is very good about communicating his/her thoughts and intentions to subscribers. I would recommend.
added 12% in the month market crashed. This IS what a hedge fund does. $4000 off $30000. Keep trading! I am sick i cant watch this during my work day! Thank you ETFCapital!
It seemed to be a great strategy, but when a strategy applied zero risk management and let it gradually wipe out all funds on a SINGLE trade, then nobody can feel safe.. It will take me 2-3 years to build the cash again to even think about a recovery.. so so very painful when you think you're coming to C2 for people with experience in managing risk better than the average retail trader like most of us.
Author says this is no time to throw in the towel as he will adjust strategy parameters...
Indeed, author had about 50 auto trade subscribers last time I checked end of Feb.
Do the math, author made $225 x 50 subscribers x 12 months = $135,000 in 2019 alone, not bad for a strategy that lost everything !
There you have it, sell your strategy on C2 you will make more cash..
Will Author offer his improved strategy for free to existing subscribers who lost their funds ?
Would have lost everything if I have actually connected my account. No communication what so ever explaining ro rationalizing the entry or exit of the position
I lost $245K real money since I subscribed, and finally, I was doomed, the owner does not communicate subscriber either even I notice him, so let it be.
Subscribed in Sept 18.
Initially I found the strategy very good, almost too good actually. Based on mean reversion I would say, overall a decent proportion of trades were profitable with reasonable adverse excursion i.e. drawdown. However, a significant amount of trades suffered high or very high drawdown, which eventually all came back to being flat. Until the virus outbreak that is. This is when the lack of stop and willingness to drive the strategy all the way to total wipe out became clear, too late unfortunately.
Having said that, an astute trader may have been able to focus on trades in drawdown to exploit the mean reversion effect and profited nicely, but to achieve that one would have had to trade manually not as an autotrader, and have a risk management process in place. That, in itself, means a lot of trades would have been stopped and changed the strategy profile as a whole, which makes reviewing this strategy tricky : up until early 2020 it would have been a top performer and very profitable. Personally I profited in 2019 and got wiped out last week when a flash crash occurred on EURAUD so there are two sides to the story. Am sure this has happened to many trading this strategy on an auto trade basis. Still don’t know what to think of it. Downside I would say was a relative lack of communication / updates from the strategy author, along with, obviously, the lack of stop to preserve capital during black swan events such as this one.
Could be effective if you trade small, exploit drawdowns and have a sound risk management in place. I did not so I am out. Hope this helps.
Unsubscribed March 2020.
Thanks.