Hawk-fx
I want to clarify that the managed account I refer to (Dec 20, 2006), was open directly trough Hawk - but NOT THROUGH C2 - and NOT using C2's AutoTrading.
THE SUBSCRIBER PERSPECTIVE
Strategy reviews
Real experiences. In subscribers' own words.
Read what worked, what didn't, and what it was like to follow a strategy.
QTIPS
Qtips may be needed - looks like the ears are starting to fill with wax... Why do so many promising systems seem to zenith, after you subscribe???
Hawk-fx
On November 1st I open a Managed Account, apparently managed by Mark Burdge, with $ 25.000, today, without open positions, the balance of the account is $3,474, 86.10 % loss.
For me, the worst is that during this period I have not received any comment from them.
For them has been a good business: $809 in transaction fees and $1.295 in interest, for me I live it to your judgment.
I will report if I receive any news from them.
SmarteTrades.com: Eclipse FX
Martingale trade entries lead to extreme losses, if trade management is left alone.
Too aggressive marketing and profit targets lead to the inevitable account blow up.
Trade management was extremely poor and managed accounts lost almost all equity in real trading.
SRS
System is loosing money in real accounts.Beware of high slippage and commissions in the offered managed accounts.
ATIndex
Very difficult to trade system with high slippage.System is a countertrend system and requires a high stress resistance on intraday drawdowns.If the trade goes wrong and is closed at the end of the day expect a big loss.A series of small gains is offset by the 2-3 big losses each month.
Hawk-fx
Guys, i'm a subscriber as well. As of today for the open positions of HawkFX, there are more than $25k in interests alone... if each trade is 40 std lots So the system performance is not reflecting the real value. If the graph shows that accumulated pnl is around 900k, if you substract the interests from the short positions, then the real pnl is around 870k... I'm a subscriber as well, and i was trying to figure out, what seemed so wrong... If the GBPJPY position will stay opened for a month... then is another 25k Anyway I'm not trying to scare anybody, Hawk's strategy needs $100k initial deposit for std lots, and just start with 1 lot per trade at athe beggining, even he says 5 lots. He is the real thing out there, and I recommend to all those who can sustain 1,500 pips drawdowns!
GSK
Not sure how serious this vendor is. Systems changes frequently and is interrupted by substantial periods of no trading activity. Last change was made after system experienced largest historical draw down when vendor kept averaging down into losing position
Entropia
I'm experiencing substantial slippage as a result of the frequent stop-orders. For example, todays trade (long GBP/USD 12/13/2006) is reported to be closed at 1.9688. These are the exits in my accounts: Interactive Brokers 1.9684; EFX Group 1.9675; Oanda 1.9668 (the vendor recommended Oanda...).
Tango
I am quite disappointed in this system. After trading it for more than 3 months (90 positions) my account is up by a mere 0.4%. Take out C2's subscription costs and I'm not even break even. During this same period the S&P 500 was up by 7.7%.
momentum #3
Awesome. I am thinking about quitting my job.
"One Trade a Day" in the Dow
This system is very easy to trade, profitable, low drawdowns, and can be traded with only 1 contract if you want. The only system that I made a profit with on C2, and the vendor is a class guy. Check it out for yourself. NO, I'm not related!
Signaux Forex
RESULTS, low risk, open honest answered emails, generous trial, cheap fee - what more could you ask for?! LES RESULTATS, le risque bas, ouvrent des e-mails répondu honnêtes, les frais généreux, d'essai et bon marché - pour ce que vous peut plus demande?!
Hawk-fx
Annualized return shown on C2 is wrong; slippage when auto trading; pips per month gained do not include open positions
Have been trading Hawk-fx for 3 months. Like it but encountered some issues:
1. Annualized return shown on C2 is wrong. On 26/11/2006, Hawk-fx had a Cumu return of $1,257,333 over 542 days. Annualized, it should be (1,257,333 / 100,000 + 1) ^ (365 / 542) - 1 = 479%. C2 currently shows 846%
2. Experienced substantial slippage when auto trading, leading to lower return
3. Pips per month gained, as shown under "system description", do not include open positions. For example, on August 30, 2006, the vendor reported a profit for the last month of 341 pips based on closed positions. What he does not report is an open position since August 4 that is down 500 pips.
Signaux Forex
Is generating consistent profits. Does not require much maintenance, just enter signals at beginning of week.
"One Trade a Day" in the Dow
The system seems to be working well though it will be interesting to see how it handles any pull back from the recent highs
Signaux Forex
Really a great system. Solid profits with low risks. I am trading the signals with fx-auto and very satisfied. Easy to follow for manual trading, too. Thank you, Signaux Forex.
QTIPS
Amazingly profitable system. System doesn't make huge gambles. It plays it conservative, and wins more often than it loses. Highly recommended!
YENious
Ya! How about a refund,
ErnestCollins System #1
The vendor makes all these typical claims about his system, including a statement that he typically rents it to a small fund manager. Well, just assume that Amaranth Advisors ($175 million loss) must have used his system... because the losses and fiscal mismanagement is equivalent here. Need I say more?
QTIPS
Very realistic and profitable. Usually holds overnight instead of trying to scalp.
FX Low Risk
very difficult system to keep up with, too many signals.
extreme-os
If you're serious about trading using a robust, rules based approach, this system is definitely worth considering. I've been a trader for a long time and I have my own methodology, but having followed extreme-os for some time revealed a few things that I have not noticed in the markets until I tried the system. While a lot of customers complain about bad or impossible fills due to volume/liquidity, the actual concept that underlies the system is very sound. My recommendation is to follow this system and pay attention not to "what" but to "how". If you just want to shadow extreme-os you'll do ok. But if you understand how it works and tie these principles into your own trading you'll do exceptionally well.
vicinoo! trading - Futures (beta) +300%
45% hitter, goes deep in the hole charging Zero, then he digs himself out, and starts charging 500 bucks? I think he may have gotten those rave reviews while charging Zero, and now he's back to drawing down again?
Bris
I have come to the conclusion that this system is designed from the ground up so that it can milk money from users. Gains are unrealistic due to short time frame and slippage even with auto trading. Major losses, on the other hand, are always overnight. Here is what's happening in real time: Bris went short at 1359 on 10/11. The price moved a good 20K against Bris for a few hours (problem #1) and then with the small plane hitting Manhattan it went down to 1353 netting a great "unrealized" profit. Bris' analyst was AWOL at the time missing a 25K profit (problem #2) so now with ESZ6 at 1370+, Bris is looking at a 60K loss (problem #3) after two days. My guess? Tomorrow (10/13) will be another bull run (the loss will deepen) but we will have faith in Bris.