Like any system, it has its ups and downs, but in the end my account is positive so I'm happy. Let's keep the profits coming. Although the draw-down in the beginning was a little larger than I like, the end result has been profitable. Four stars out of five.
Profitable! Restored my faith in options trading... I've subscribed to several DataGlobe systems... These guys seem to know what they are doing! Very satisfied with the trades, I've been able to match the system trades manually with great accuracy.
Interesting! Currency Options are an exceptionally profitable way to follow the currency markets. HUGE profits to be made here! I made over 400% on YEN calls... This one's a keeper...
It is a long term trading system and the trader does not like to take profits and turns the big profits to loses. At some point you feel like that the trader does not care the system at all. He uses max-350 pip stop-losses which are very wide. So you need some serious account to trade this system and it is not definetly for short term traders. Despite the negative facts, he is a very good trader and performance and drawdown figures are really good, at least better than most of the traders here.
I think extreme-os was good in 2005-2006. I agree with Low realism factor with commissions. Since January after slippage and commissions lost -15% of account. This system good in C2 records only. Vendor decided don't change system until will have negative year. Result,- extremaly high drawdown and volatility not typical for this system.
The equity curve may look choppy, but I've been able to bank nice profits with this system. I've subscribed to several of the creator's systems - and am frankly impressed with their ability to profit in a variety of markets. System creator seems friendly and responsive to my questions. This and their FX-II are my exclusive forex systems on C2.
29213822 STC 17,155 ATS 1.95 1.95 0.00 11/19/07 9:30 ($21,786) $37,133 : I wonder how this trade was filled at 1.95. My Broker told me the opening was 1.81 bis to 1,95 offered. My execution was at 1.81!
The system is easy to use. Fills have been no problem at my broker. I subscribed to buy time to thrash out my own systems. Now, I have decided to continue to use Weekend Trader anyway in an attempt to diversify systems instead of just diversifying stocks. I don't auto-trade, so the number of trades and the amount of work matters to me, as does the number of trades I have to report to the IRS at year end. Weekend Trader takes very little time, allowing me to work on other strategies. I'm glad I subscribed.
Timing is a lot of what makes a system work. This system does not have it. Just quoting the stats compound annual is 5% after 207 days. DD at 17%. I believe to regain credibility it needs a short system, too. You can't just go long every single time. Sure there are long only systems and managers out there, but it takes both sides to trade. Realism is poor, and I believe even with an automated account that this isn't possible to trade. I've been very patient these last few months watching the system's trades, and it's been so long since I even remember one I'd consider remotely profitable. I think this system needs to be re-written. Performance statistics are very telling right now about its long term potential. Consistency is not here.
Good trades, but then saw a big drawdown, that will clean many small accounts, he recovered, then later big drawdowns came again, and trades with Extreme risk, and with big losses, you are at risk 30K to 50K USD by averaging the trades and hope, that the trades will get with profit or breakeven, traders know, that average down is risky, but there's a time when you must see, that those trades will not get better and must get out.
Your account must be big to support this, i will not trade it anymore, the author seems nice and gives personal messages to everyone time to time, but i will not give 5 stars because of drawdowns and several contracts holding overnight, which if it's not possible to you to maintain, will make the diference on your final balance to less money than it shows here.
I have subscribed for a month, because i saw the growing curve on the chart was great, and in the first days i done some nice trades, but then i saw that this system is based in dozens and dozens of orders and cancell orders every day in any time of the day, i doubt that is possible to trade this system without auto-trading, because the author sends buy and sell orders very quick, sometimes in seconds and sometimes orders to fill at the market, which is impossible to follow the same quote as him, and so the growing curve is never equal to ours, manually is impossible, i don't know if using auto-trading the growing curve will be similar to him, but manually, just forget it, you always get slippage. Best regards.
The present 40+% drawdown demonstrates the vendor’s recklessness and disregard for his subscribers. The vendor may argue that subscribers should not worry because the open position could eventually recover and end up in a mild loss or even a gain. But, that an irresponsible response because most subscribers would have already received margin calls and thus positions liquidated automatically with no chance of participating in the recovery from drawdown. Anyone who is thinking about a forex system on C2 should carefully consider this: do not put your money at risk until you see a long track-record that evidences responsible/religious use of stops. In summary, the vendor is an apathetic scoundrel.
I stand corrected in my previous review:
"While the system has performed well since I started the subscription in August 2007, I have two minor problems. One with the vendor, and one with C2. First, the vendor states that the max # of positions is 13. Yet, at the time of this review, the system is holding 15.
Second, C2 continues to report system performance with margin. In the case of Ruby, it's 100% margin. In the case of some futures systems it is way more. I believe the only rational way to report performance for apples to apples comparison is to show results with no margin and let the user decide on leverage"
Dr. Koch is correct - the system is only holding 13 positions. I was confused by the way C2 shows this.
System fails when multiple orders fill. My example is the 11/12/2007 trade of APPL, which is either conveniently or inaccurately left out of the executions page and considered an unfilled, expired trade. In reality, APPL filled before at the signal price around 9:30:50 AM, well before any other trade.
While this trade has left subscribers with a big loss in their trading accounts, it has somhow been wiped off the developer's record. Until the developer can clear up issues like this, users must consider the reported results as a fantasy - not truly reflective of what occurs in a real-world account.
Happy with the system, started trading live when the system started its drawdown but kept with it and now in profit. I decided to trade this system as i have heard good feedback about the developer.
I think the system is probably one of the very best systems on C2. The only complaint i have is that if you are not a full time trader only trade this via BulldogFX where C2 and your account synchronize, otherwise you might find yourself on the wrong side of the market. I have the system autotraded via InteractiveBrokers and at times have had to make manual adjustments to keep the systme in line.
All in all, if you want a good system this is for you but make sure you have it autotraded and depending on your situation perhaps use BulldogFX.
Charlie
I find it hard to comprehend the almost criminal irresponsibility of this vendor. If only it were possible, he should be bannished from C2. Disgusting!
I strongly recommend to stay far away from that system. This trader didn't learn nothing from his large september drawdown. When I came to the office this morning I realized that he averaged his looooooosing position 3 times and the trend is still running against it. I will took the losses and lick my wounds now. May be he is the lucky guy when the market turns in the next minutes, but on the other hand he will blow up all his capital if the trend continues ...
Great system. I've lost thousands following other systems - Sniper 4X, AT Forex, anyone? - only to see psychologically weak traders blow all their (and my profits and CAPITAL chasing losses - dumb, dumb, dumb).Keep up the great work guys. Please don't change.
This is a swing trading system that buys oversold stocks, and closes open positions with 2.5% target. However, it typically buys those stocks already on a downward trend. Thus by design, the system works well in a bull market (when 2.5% upward swing is natural), but it may lose a large bundle in a distressed situation. Drawdown will be too large. I suggest Dr. Koch to add in stop loss, or other filters to handle this kind of situation? I will rank the system 5 star if it can be demonstrated to preforme as well in a bear market. Overall, I shall say that Dr. Koch has done a good job, and this system is relatively easy to follow. However, use with care.
The system provider breaking his own rules. "While trades will be filled during the day it is possible to trade it with a one time effort per day" not true. Some positions are cancelled after execution. Statistic in C2 does not correspond to actual portfolio status and results. C2 record shows 14 positions, but system should be limited to 13 according system FAQ..
Very impressed with this system so far. Volatile market conditions may have helped but nevertheless as a relatively inexperienced trader it has performed well. I'm using it with an IG spread betting account, meaning I've had to allocate a fair bit of capital for all the orders to open - but when a system performs like this that isn't a problem. Can thoroughly recommend it.
