Paciencia
Seems like nothing special. Like many systems, a brief run of wins, likely due to luck more than anything. Then they seem to wander or fall out of the sky...
-Ross
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Real experiences. In subscribers' own words.
Read what worked, what didn't, and what it was like to follow a strategy.
Zen-Kerma Trader
Here's another system vendor that talk as if knowledge of the paranormal is the answer to trading, but when audited by reality (C2), proves that he's nothing more than a fool. Let the track record speak for itself - and let us hope potential subscribers know bullshit when they hear it.
PrimeTime Mini Re-load
"Im in the club business, so I sit here every day for the last 10 years and try to figure out this trading business" - I suggest you STICK TO THE CLUB BUSINESS, because it looks like you haven't figured anything out, except how to get lap-dances from girls you're interviewing for your club.
YM Euphoria
you can trade it if your have more than 10 000 $. In this case you can trade 1 lot only. There is very often multi leg for the trades. You must support it on the point of vue psycholgical and financial.
The P/L is calculate, according C2 rules, by contract.
If one week you made 5 trades and you lost 200$ on each trade, PL write on site is -200$
If next week you made 1 trade and you win 300$, PL write on site is 300$
but in reality you lost 5*-200 + 1* 300 = -700$
not really the same thing !
I use this system only one month, not really lucky, i start exactly the day where there was a very big loss.
never success to win back all what i lost.
if you have less than 20 000 $, i not recomend to buy this system. I you have more, i suppose it's a good one.
Legacy Merlin
System is having a hard time adopting to the changed market conditions with increased volatility after the Feb 28th correction.
Has to prove its profitability again in the future.
Legacy Merlin
TMG is having a rough time recently, a problem inherent of EOD day signal in a very choppy market condition. However, you do much better if you do NOT trade the signal reversals with market orders, but rather set a close stop once you get a signal reversal and a OTO order (stop followed by market order). This certainly saved me many thousands on a couple of different days that the signal was wrong and the market gapped against the new signal, but I stayed in and on the right side of the move because the stop was not hit.
Legacy Merlin
Vendor is now advising to not take signals and go to cash (of course and pay them for that great advice). You know they are true professionals when they say "if you would have done this or that (basically anything but follow the actual signal) then you could have made money". Just goes to show you can curve fit 20 yrs of data and it only took three people to figure out how to do it. It gets a 'fair' just because it hasn't blown out yet. Give it enough rope and... well you know the rest.
Cheetah
experienced trader, good R/R and regular performance. very good system
Rocket Science-Mini Dow
Vendor feels invincible - no stops needed, averaging down on losing trades, and huge blow-outs when they do take place. Do not use this system unless you are prepared to manage the risk yourself. Also, don't expect much from the system vendor in terms of communication... you are just a fly in the ointment to him.
Rocket Science-Mini Dow
It has been an interesting ride. This system basically has no risk management and therefore can have monsterous drawdowns.
Legacy Merlin
This is not a trend following system. It shorts when overbought and goes long when oversold. That's not what "trend following" means. They are trying to catch the change of trend (and THEN follow it?). But the signals often flip flop day to day, so how can that be trend following? It is still a good system, though lately has faltered. People should carefully examine closed trades so they know what this system is about.
Legacy Merlin
TMG is described as a trend following system in the C2 overview. However, it frequently trades against the major trend. I think the fact that it trades against the trend in over bought/sold conditions should be clarified in the overview.
Some statistics on maximum drawdowms(MAEs) would also be helpful for traders that like to use hard stops.
Legacy Merlin
I tried a one month subscription and MAY subscribe again if they regain their footing...but I'm going to need to see on the C2 charts first. Seems they went south about the very day they raised their subscription price.
Personally, I think they would better serve subscribers by posting the buy/sell signals before the open (to see what the futures are doing and if any calamity, like the overnight recent China meltdown, has occurred and then apply some common sense before posting the final signal).
I hope they work it out. This sysytem would be perfect for someone like me as I don't like to constantly be trading and watching for alerts....if it continues to work. So I'm pulling for them. So tweak what needs tweeked TMG...as every system will eventually fail, change is vital.
Legacy Merlin
starting to look like the system has lost its way. Sometimes immediately after a market drop, normal setups/ are not so reliable for a time...
Legacy Merlin
The vendor seems to imply in one of his rebuttals that last week (end of Feb 2007) was a 6 sigma event. However, looking at daily NDX returns, the 4% drop on 2/27 was a 2.2 sigma event. The weekly return was a 1.7 sigma event. This makes me wonder how TMG would perform in a true 6 sigma event.
Legacy Merlin
The system was doing well for the past few months when the market was up smoothly. But reacting the recent volatile event, it did just the opposite to the common scenes, (keep long during DD, short before rebound and go long after). It likely is based too much on historical data, therefore very behind to response to any fast moving market condition.
Reading the rebuttals it seems the systems is for less sophisticated subscribers like me, don't ask, just follow, because we are not capable. Ohh please! don't insult our intelligence.
Legacy Merlin
I am sick of seeing negative reviews of beginner "traders" that now start ripping into a solid system that just went into a drawdown of ~6% amidst turmoil in the global financial markets. Things you need to know: 1. This is an EOD system, and thus can not guarantee you will not be hurt by gap up or gap downs. That's just how things are, you can't blame the system developers. 2. Drawdowns are a necessary evil for any system and any mechanical trader, if you can not take the heat of being down -10 or 20% then do not trade! I give this system 5 stars because I do not know any better system for the Nasdaq futures out there. I traded this system for around 2 months now and I am very happy with the service provided. All the haters: STFU, stop trading and use a 5% CD.No drawdowns, no risk!
Fortune Cookie @ER2
Es muy bueno, pero hace tantas operaciones y tantas cancelaciones que se hace dificil de seguir y de aprovechar.
Legacy Merlin
I've lost money on this system.
Legacy Merlin
Here is a copy of an email I sent to TMG (Merlin)
Jerry based on your email that you just sent PLEASE CANCEL my subscription. The reason for my cancellation is your refusal to give the actual trade dates that generated the back tested results and the effects of stops on returns. I will not send almost $1,500 per year with this level of nondisclosure.
Good Luck to all!
Without actual trades dates it can not be determined if the back testing results are in fact true. TMG also will not disclose what effects placing stops on trades have on back tested results. Buyer Beware!
Legacy Merlin
Despite TMG’s deviation from its C2 historical norm it is still fair to say that this system is trading within its stated 21 year historical performance envelope. Most system providers fail to conduct, let alone offer, this level of backtest transparency and thus will be theoretically less reliable in the longer run. A knee-jerk week for any EOD system can only be weathered, not designed for. Subscribers who choose to accurately evaluate a system such as this one must therefore consider performance over a reasonable period of time---otherwise, it is they who will be the ultimate losers and not the system.
Legacy Merlin
You wanna make a lot of money: SUbscribe to this system and follow the Exxact Opposite. Joke aside as amazing and the best as it seems, you will lose money in the Long Run. Reason being the obvious: No Money Managament. It is claimed to hit 3% Target much less than its recommended 3% Stop during its 21 year backtesting period. For Newbies outhere: If someone tells you using Stops would reduce your gains in the long run, Run Away. The only reason system getting 2 stars is the honesty of its admins
Legacy Merlin
This system may not be a pure mechanical system.
When the system is not in drawdown, the signal of last hour flips easily as it approches to 0. When the system is in drawdown, the signal does not flip even it is close to 0 in the last hour. Like a human does not want to accept a losing trade.
Legacy Merlin
This system works in Bull market. In Bear market, it could cause a big loss by predicting the market in wrong direction.
Legacy Merlin
A system that may yield good real world results, but for myself I'd be happier if they'd stop changing it / tinkering with it. I'll take a simple system proven in the real world anytime, over one that's always newly tweaked and "optimized".