Started to fail as soon as I joined, trade leader then stopped TOS which is a bad sign. The strategy is much better suited to an up-trending market. Trade leader created another strategy called Juice is Loose which adds in inverse leveraged funds, gave it to us for free, it failed, he unsubscribed us then restarted the system again a few weeks later with the bad trades erased somehow. Don't fall for that one, either.
Lost huge money (20%) . Since the AI does Market Open trades, you loose huge when it buys at higher price. I was able to cut losss manually by turning of auto trade and watch TQQQ to place trades. Please stay away. I would suggest set Alerts on TQQQ to see if it drops 15% buy and sell once it gains 15-20%. using SQQQ and TQQQ alert on your broker you are able to place better trade than AI. Lesson learned. Don't look at past returns. Look closely Septemeber.
Excellent system! Every trade is 1 contract with a stop loss and profit target, only daytrades for reduced risk and lower margins. The developer trades it with his own money and is very responsive to questions.
I've traded many Collective2 systems and have been very happy with the Alpha Capital Compound strategy. As with anything there are ups and downs, but the positions are managed well and I feel quite comfortable recommending the strategy. Thanks!
I joined in September, so my experience is in a crazy month.
The idea that I had to close positions to save my money, because the strategy had open positions against the market, it really not worth it.
I expect that someone will be there and see if his system is not good, it's better to shut it down and not let your subscribers lost money.
A disciplined and consistent futures system. I’ve been with it for 3 months now and intend to keep it for the long term. The developer is very helpful answering questions and providing information. This was especially valuable during the recent drawdown, which has now mostly been recovered.
It's hard to find better risk reward scenario than technical analysis driven short term future trading, especially when done by Colin. While I wish the algo traded more frequently, this has very good sortino and profit ratio.
I had joined the strategy due to the excellent performance through the Feb/ March sell off and incorrectly assuming such risk management would be applied going forward but during this very quick Sept sell-off (QQQ -11% MTD) the strategy has been slow to exit positions and quick to add them at highs, to then stocks pull back again. Such price action is typical of a momentum strat that can easily can whipsawed around during choppy periods vs a long trending market. I wish the strategy manager the best but after (in my a/c) +2% high returns vs -11% max DD in ~2 months I am calling it a day.
I lost $11,000, or 11% of my account in one month. After the first 10,000 loss, I put in a manual stop loss on Collective2's platform. It worked, but then stopped be out of winning trades. I tried making it larger, and the stop loss stopped working, and the trade fell through -4,000 in one day. Collective2 emailed me and said they are having technical issues and are so sorry it gliched and lost all my money. They need to fix these kind of issues. I was really hoping I could leave this for a month and make money. Apologies don't refund monthly fees or bring back $11,000.
The author seems to be more interested in collecting subscription fees rather than providing good service. He currently has TWELVE systems all of which trade infrequently and that too only in a handful of securities each.