I have traded this system for a good 4 weeks. While the history visible in C2 is yet too short to judge its' long term viability the provided full history of backtested trades in all contracts (see the Excel sheet) deliver some faith in the systems robustness. The system appears to be fully mechanic and there is no "scaling in" into positions. All trades happen EOD which increases the ease of catching all entries. I have spoken to the system developer via email and IM, he was very friendly and responded quickly. Apparently he is trading for over 20 years and appears to be very risk averse which is a big plus in my book. Conclusion so far: Highly recommended!
Open drawdown of negative $30,000! This is the original "hold and hope" system. Closes out small profits and lets big losses ride. No stops! A total disaster since I started trading it.
I started to trade this solid system since 01/31/2007 (~one month ago) with structured products based on NDX. I get a 10X leverage and I trade with little funds. I'm very happy of the return, I made ~15% without taking risks, but now I'm confident with this system! Signals are clear and always go out to be ready at BOD! It only takes 5 minutes of trading and attention per day! But I sometimes choose to open or close my positions during trading hours to take profit of gaps.
This is a very good and stable system! Try it!
This system has very steady performance. But the slippage are high due to low volume and using market order at Monday opening. These might not be significant impact as system vendor believes. The adjusted equity curve (click "Realism Factor, with commis.") does give good references for the real-world trading.
Check the most recent one with total 1600 shares in 13 trades only for all day today. Like many others, I am not very comfortable dealing with so thinly traded stocks.
Pros: Vendor uses stops and take-profits consistently; signals easy to follow; system not sensitive to slippage; suitable for trading in smaller (sub $10K) accounts.
Cons: Three out of four systems offered by this vendor experienced severe (40%) drawdowns, leading to concerns about overall trading style and risk management by the vendor.
I have been trading this system for about 13 months. In that time it has been consistently profitable. There is no problem matching the fills. Risk has been largely kept under control, with only one large drawdown last May. One of the best systems on C@, IMHO.
2/21/07 (update) 30% drop in one day (after bad earnings news) b/c vendor held on to position described below. Back to zero now. 2/12/07 a 14% drop in equity in just 1 day for a stock system is too risky for me. Especially if this is caused by just one position (after averaging down into it heavily) in a portfolio of 15 stocks while the broader market is just doing fine. With one bad call the vendor gave away 2 months of profits on a single day.
I don't understand why the system has such a low realism factor since all trades are market at the open. System has been working out quite nicely for me over the last 2 months. Just hope it keeps up.
go to stockcharts, put up price-NO indicators necessary. Go through the closed trades on the TMG page here. Annotate the chart with vertical lines-- green when TMG says BTO, red when TMG says STO. Beautiful picture indeed. Good going amigos. $$$$$$$$$$$$
I don't believe it is possible for a medium term system to get much better than this. When the system trades, the signals are clear and prompt, I set the trades at the weekend and don't have to check again until the following weekend, but like most people in this business of course i do ! Have been trading the system for four months and with exception of one trade I am getting the same fills as C2 and making a healthy profit. IMO this is the perfect system for the not-so-greedy medium timeframe stock trader. After being burned on so many "great" systems, I finally feel like there is some good in this world !
I trade this system. It trades based on long and short term market movement, with rotational trades to ratchet your entry price in a dynamically changing market. Do not confuse this for a scalping system - its primary profits are derived from large moves in the market, using multiple risk management techniques to position trades at or near the money, and short-term ratchet trades to keep you near the money as market conditions change. The key to trading this system is to not deviate from its signals, and to properly scale contracts based on their concise explanation. Review by: Lew Payne
The Feb. 3rd review is total BS. The system is very tradeable. Almost all of my trades are made at a better price. The system is easy to use and it makes money.
For me this system was easy to trade (eod) with limited number of stocks, fills better than published and - what was the word???- profitable!
Thanks to developer!
I subscribed. Will I ever receive a signal? Will I ever receive a reply? I am afraid not, as system developer has not been logged in here for more than hals a year.
Why is system offered and subscriptions accepted?
I rate system good, just look at its success, but value still lousy.
System trades oversold stocks in uptrend long only. I wonder how this strategy will perform in the bear market. Hold and hope is quite high. That is why APD is only .50. No stops, I wonder sometimes how long a stock has to keep going down. Overall mediocre system.
I have been subscribed to YM Euphoria for approx. one month now. I totally disagree with the review dated Feb. 3rd.
Its entries are with (generous) limit orders to allow for a good execution. With the entry, limit and stop levels are always given (no gambles). If the trade moves in the right direction, the stop is moved to break-even. Parallel legs are sometimes openned (I have not seen more than two legs open simultaneously) but it is not just averaging down. Each legt maintains its own limit and stop price and they are closed independently from each other.
Only EOD-systems are easier to trade. Give it 3 stars because it is still too young at C2.
Beware!! I had a managed account with Mark Burdge. IT's a TOTAL LOSS with in 8 weeks!! His written money management is NOT followed. HE stated that he would exit the trades at a max loss of 30% again NOT followed. His results that were listed on C2 were posted with large gains, totals false. When I emailed him to correct this posting error he did nothing. He continues to not follow what he has put in writting. He is out of control. How many others of us are out their? Please contact me or post your situation here on CE I'd like to talk to you. This seams to be a pattern of system trader here. C2 results suck you into a managed account and then the system traded by "manager of the sight on C2" sucks your account dry.Do Not trust managed account! Do not trust Mark Burdge!
