When the market was good and predictable, this was doing amazing! Just like every other program.
Unfortunately, in this unpredictable market with social, political, and economic uncertainties, the algorithm just doesn't keep up and smooth out the rough spots to at least minimize losses.
Strategy developer seems to have changed many of his strategies., over the last week. Another futures developer that is about to crash and burn because the developer changes everything and seems to be experimenting, and with very little communication?? Be careful. Warnings and major red flags. It is not the same system, and he changed it-with little explanation or follow-up to the bad trades. Seems to be taking a lot more risk on. Very erratic trading and seems drastically different based on concerns derived from slippage and market orders. Sent a message prior stating if 'performance doesn't improve' he would soon 'shut the strategy down'. That is not a good, at least warning us. His LucidMNQSwing-you would think that he would be trading only MNQ contracts--today it traded an actual NQ contract causing a significant loss to the system. Trades prior all MNQ and then this week, it starts randomly trading NQ contracts. Then, he creates another strategy with no explanation and starts charging $300, we have seen this before. Time to jump off the train before he runs his strategies into the ground. Would be nice to get feedback from him, which might help, but this last 2 weeks, so different now. This could end badly. Developer needs to message the subscriber ASAP to provide great details to what is going on. I would love to think this strategy survives and does well for everyone, but look at some of the actual trades, particular his MNQ swing--not cool and dangerous to subscribers that weren't expecting to have such increased risk to switching to NQ contracts, that is someone that doesn't value his subscribers.
I have followed this strategy for 3 months now, and I am still don't feel fully confident about it. It seems Strategy Manager changes trading strategy every 2 weeks and is difficult to evaluate efficiency, besides the feeling of high risk involved by changing strategy without proper backtesting or confidence if it will work well. Sometimes I feel strategy has good entry points, but fail a lot to find the optimum exit points. Communication is poor, I wish he/she could improve it.
I'm pleased with the performance of the strategy for the month I've been subscribed to. The Strategy Manager sends out periodic communications and I think he is doing a good job with the strategy!
worst strategy... stay away from Karl Colin... he is crazy trader and doesn't about stop losses.
keeps adding on loosing positions. He ruins accounts and then come up with new strategy with new name.
I don't know why C2 don't ban him from putting strategy on their platform. Remember his name Karl Collin
Returns look good when you review the strategy but I didn’t get the same returns as I rarely got the fills for the orders by the brokerage - the strategy shorts micro caps that are hard to borrow. Strategy traded on choppy CPI day and lost heavily on both the long and short side!
Initially I thought he knows his game and he made good amount. But he has no plan in case his trade go against him. I lost more than 40-50K . please don't trade with him.
this trader had a lucky start, however, he insisted to short the USD/JPY again when he almost blew up the first time, since then he had gone against the FED, JCB, big trend and leveraged to the neck but give up totally on his stops, praying the JCB would intervene again to save the trade. I had liquidated since he moved the stop second time...
Dont allow such badly maintained trade leaders. There shoudl be some deep level checking to allow such bad trade leaders. I was messaging him on what he want to do on the trades and he seems taking revenge on his subscribers. A totaal SHAM and SCAMster.
C2 team, please do enough checks to keep your reputation.
This is a diversified portfolio of algorithms trading futures. Good risk management, every trade has a stop loss, and all trades are closed by 4:00pm. These are mostly breakout systems, so they can get stopped out in a choppy market, but they are highly profitable when the market makes a big move. The developer is responsive and helpful. Highly recommended!
Got spanked today. The system kept averaging on a losing trade. Down $37,000 on one trade. This is the prescription for a blow up; The only reason I gave two stars is I have to take some responsibility for choosing it.
Terrible strategy. Appeared to be a skilled forex strategy when was up 200% and when stated past years results. Quickly discovered that trades are way oversized even with small account size 15k used/recommended, and trader users averaging down on losers which is in general bad trading unless trend is certain. Past results were likely falsified. Trader lost all gains quickly and more with several poor risk management trades. I was fortunate to realize poor skill and risk management was apparent and only lost 25k instead of my whole account. It's also believed that trader also posts false reviews to get customers as all he cares about is the fees, He couldn't care less about blowing up account. Congrats another C2 scam trader. Stay away from ARK anything.