I subscribed to this strategy for 8 months, since it was quite new. I followed it for a long time but I will stop my subscription at the end of this month.
First, the minor, but potentially telling issue: the trade leader is unavailable. I tried to contact him a number of times using C2 messages. Every time I asked detailed, specific questions in a respectful, polite manner. He never once answered.
The best I can tell about the system that it survives. I.e. it has a winning streak followed by a sudden and bad losing streak but somehow it recovers. The long term p/l is flat or at best mildly ascending.
On winning days the system takes several, short term, intra-day trades with uncanny accuracy. Great!
But once in a while (I couldn't figure out when exactly) the system gets totally and I mean totally out of sync of the market and takes, with similarly uncanny accuracy the exact opposite of the price movement. To add insult to injury, it hangs on the losing trades (contrary to the system's description there are no stops) for quite some time (and then takes the opposite side and loses on that too.
This is how it quickly loses the previously built profits. Rinse and repeat.
I'd like to give this system a good review as it's had solid performance since 2014 until this year (2018). However in this rough year of 2018, the system has greatly expanded its drawdown, and worse the system developer hasn't answered messages or even logged in for 51 days (so far). Currently open positions (many in tech which is now tanking) are just being held on hope I suppose and the drawdown keeps increasing. Maybe the market will rebound and bail out the positions, or maybe there is some plan? But if there is a plan the developer isn't telling subscribers--he hasn't even logged in since the carnage got bad. So given the situation I can't recommend this system.
I like EScalade very much. I am referring to a previous review. Yes, there is slippage. That said, slippage can go either way. Sometimes you slippage will be toe the plus side, other times to the minus side. However, when all is said and done, it likely will even out. To me, it has not been a large concern.
Basically levered long trend following system. should scale back down system size as the system draws down or will blow up. surprised by all of the short positions all of a sudden,
I did / could not dig deep enough to judge the quality of the strategy entries. But - after 3 and a half year of successful trading - it seems that the bumblebee can fly anyway.
If I would start following the strategy with my money, I would
- set my maximum drawdown bigger than that of the strategy, say 40%
- determine a minimum performance lower than the performance of the strategy
- follow the strategy as long as the above criteria are fulfilled and I have no proven better strategy.
SteveY3 knows his stuff. I followed this strategy for a month and although I don't understand it since it seems like a 100% hedged strategy and not something I have back tested previously, his numbers speak for themselves. This would have to be an autotrade user, there is no other option as the system appears algo to me (constant buying and selling). Also, I would have to have an account size matching the strategy to use my own money just due to the way the R/R works. Returns wise appears to be best on C2 in regards to futures returns. Also seems to do well in different types of market moods.
Made money initially. This is a day trading scalping system. The strategy's methodology related to timing may be sound but the slippage is horrible and can be up to two points on the ES ($100) for EACh side of a trade. The developer should consider raising the sub fee and cap the number of subscribers or else this strategy may disappear into the dustbin of history.
Amazing, safe strategy. You must consider drawdown when trading on C2. I've joined many, and seen some really stupid trades go out of control, with no stop loss, and no plan what-so-ever. Corex is not one of those. Highly recommend.
Hi Everyone... I have been here with C2 several years, and have to say I've picked more than my fair share of looser strategies. That said, I have to tell you that I can honestly say that I picked a winner when I subscribed to EScalade. I like the fact that there are no overnight or weekend trades. As you know, overnight can leave your money very vulnerable. In my opinion, Heath has created an excellent strategy, and beyond that, he sticks to it. He doesn't take chances by forcing trades. Nor does he stay in a loosing trade waiting for it to turn around. Every trade has been completely in my comfort zone, which is saying something because I'm a nervous Nelly. Check out the EScalade strategy and I'm sure you will be impressed. I don't expect the 90% win ratio to last forever, but I know that Heath cares about his subscribers more than you can imagine and I am thrilled that he has my back! Wishing you all a nice day !!
No risk management other than the old pendulum will swing back eventually. Only a matter of time until one of his 25% drawdowns becomes a 150% drawdown which would leave accounts negative. Having said that, you'd expect that risk given his returns are so high. A general proverb applies here: "If it sounds to good to be true, it probably is . . . "
In July, he wrote to subscribers the following: "As you should know, the last few days have been quite challenging for me and for the strategy. We went through a draw down period that was hard for me psychologically." When an investor sees that sort of response from someone handling their money the investor's only thought should be . . . "Run!!!"
I did my best searching for the best FOREX trading strategy on the C2 platform for high profitable, consistent, relatively low Max. draw down and affordable subscription fee and found PFSignal. Looks like it tries to capture every meaningful trend and reversal which I have never seen the style before. Very impressive.