I've already sold OTM option to get premium, and the trades made here seem very sound: the strike is well chosen and the trades are followed up, closed sometimes before expiration if risk arises. But it's not a long time enough since this strategy exists to have a very relevant opinion, and the developer already proposed some fickle strategies by the past...
Unfortunately I had signed up during the recent DD period which happens. but, I was disappointed in the fact that the trader seemed to have changed his strategy to a more aggressive one during and after this period. He began to executed trades that held more lots and wasn't done in the past. Also, the execution of simultaneous trades was problematic for me to keep up with the leverage requirements.
Tim's parameters are clearly very good. (Wish I knew what they are). And Tim has been good about taking the time to answer my questions, and promptly, on how to be a participant. I also admire his decision to grandfather-in current member fee rates, and notifying everyone of coming fee increases beforehand.
After a fantastic start it turned out that it was a fluke and the developer himself doesn't trust his system. After a DD of 15%, that in itself for a robust system is not unprecedented, he closed all (losing) position and switched to a new system, broadcasting that the DD will be bigger, the risk will be bigger, the margin requirements will be bigger but we should trust the system, because the results backtested for 3 whole months (!!) [not published, btw] are very promising.
Subscribe at your own risk, but one thing is for sure: the published trades and statistics are NOT relevant to the current system.
I was waiting for a bad situation before to review, and I must say I am very impressed with his trade management, in the best and worst case scenario. very professional, very good communication, and best of all...regular profits. ;-)
Impressive performance during the first month of my subscription. I would like to wait and review the system after a few months, but that is not an option.
The system is based on multiple sophisticated algorithms. At present, the system is very young, so time will tell in terms of performance. Developer is an excellent communicator.
I have been exceptionally unlucky probably. About on the day, I Joined a started auto trading. the results plummeted. After 12 days about 30% loss!! This can also happen off course but it is not nice
I share the sentiment of previous reviewer about latest draw down letting happen when it could have easily been avoided. Trading can be so simple if you have infinite draw down, eventually the market will turn around one day.. but that is not responsible trading for us who have our investments in the system. Hopefully System provider turns his risk down and creates a better risk / reward for future or this system will fall down fast.
Was good until yesterday (fed day). Small profits, but large draw downs being allowed, not sure why. Entire profit of 2 months down in two days. But I still want to be in. Hope for the best.
This is a grid system which tends to make small profits per trade. The system adds equal lots to losing trades in a narrow range. I've seen this style of trading before and it can be dangerous if a pair moves against the trade and doesn't return - which happens in forex.
So far I am happy with the results of this system after couple of months with good and less good trades, I believe the developer is doing a good job and has good risk management. It has given me small but consistent returns overtime. I would recommend it and hope ConservProfit continues to be true to its pledge. After seeing its actions I trust this FX trader better than other systems (that have lost me money trading Futures).
Pros: trades often - finds many opportunities, reasonable timing of entries.
Cons: averages down significantly when trades enters a loss. The stop is very large in relation to the typical profit and it sometimes get pulled back. Some trades are held over the weekend.
Track record looks super and the fees are very low - the big question is how will the system handle a large adverse move that arrives after averaging down.
Personally I don't like the way risk management is done here. If you trade it, better keep it small.
The developer of the system has answered all my questions. I am a new subscriber and have not received any entry signals thus far. But the developer has explained that it is not uncommon for this system to be in cash for sometimes weeks at a time.
Ryan and his team have a very nice set of models available, he is always responsive to messages, and is working very hard to monitor and always improve his services. Recently for example increasing the numbers of algorithms working in particular systems to increase diversification and potentially reduce draw-downs. Subscribers will need to realize that back-tested results can never be 100% reliable, they are created with a preexisting data set, and their profitability with regard to out of sample data can never be assured. Nevertheless, if his models get only 50% of the profits suggested indicated by back testing, I for one would be delighted. Also, his live trading results so far give every confidence in the validity of the back tested results. I'm very happy with the new Gold Day Trading system, as its nice to not be exposed to overnight volatility, and you can make use of the 4x day trader margin available to IB users. Basically I love Ryan's systems and wish we could be subscribed to all of them!
over the past several months the owner of the system has been very successful in executing orders on the right side of the trades. He is very good with communicating with members. I have a good profit so far.
I subscribed in early January and am very happy so far even though I'm slightly in the red due to the current drawdown. Paolo's proactive communication is much appreciated, and he continues to monitor, improve, and enhance the strategy.
This is a very new system, but it looks good so far. I have done business with the author before, and I know he is a professional in the field of automated trading.