Unfortunately I had signed up during the recent DD period which happens. but, I was disappointed in the fact that the trader seemed to have changed his strategy to a more aggressive one during and after this period. He began to executed trades that held more lots and wasn't done in the past. Also, the execution of simultaneous trades was problematic for me to keep up with the leverage requirements.
After a fantastic start it turned out that it was a fluke and the developer himself doesn't trust his system. After a DD of 15%, that in itself for a robust system is not unprecedented, he closed all (losing) position and switched to a new system, broadcasting that the DD will be bigger, the risk will be bigger, the margin requirements will be bigger but we should trust the system, because the results backtested for 3 whole months (!!) [not published, btw] are very promising.
Subscribe at your own risk, but one thing is for sure: the published trades and statistics are NOT relevant to the current system.
I have been exceptionally unlucky probably. About on the day, I Joined a started auto trading. the results plummeted. After 12 days about 30% loss!! This can also happen off course but it is not nice
I share the sentiment of previous reviewer about latest draw down letting happen when it could have easily been avoided. Trading can be so simple if you have infinite draw down, eventually the market will turn around one day.. but that is not responsible trading for us who have our investments in the system. Hopefully System provider turns his risk down and creates a better risk / reward for future or this system will fall down fast.
Was good until yesterday (fed day). Small profits, but large draw downs being allowed, not sure why. Entire profit of 2 months down in two days. But I still want to be in. Hope for the best.
This is a grid system which tends to make small profits per trade. The system adds equal lots to losing trades in a narrow range. I've seen this style of trading before and it can be dangerous if a pair moves against the trade and doesn't return - which happens in forex.
Pros: trades often - finds many opportunities, reasonable timing of entries.
Cons: averages down significantly when trades enters a loss. The stop is very large in relation to the typical profit and it sometimes get pulled back. Some trades are held over the weekend.
Track record looks super and the fees are very low - the big question is how will the system handle a large adverse move that arrives after averaging down.
Personally I don't like the way risk management is done here. If you trade it, better keep it small.
This is one of the better strategies in the Forex Space. The manager of this strategy uses auto trading and manual trading very well with reasonable discipline.
Forex is prone to GAPS such as the GBP flash crash etc, so I can only give this a 3. This isn't a reflection of the manager, its really the volatility associated with Forex. The highest I would give any Forex Manager is 3 out of 5 stars.
It's been only a few days of trading with this algorithm and i had one week of trial. The trial period came with a loss but the live trading brought some profits.
I have no reason to give less than 5 stars but beware that i only had 1 week of trading with it.
C2 favors algorithms makers by asking people to review the algos shortly after the subscription, before the bad things happen (and they will)
My experiences up till now are very well. It seems the trader is very experienced with Forex trading which is a speciality. He combines automated and manual trading very well.
I would give this system 5 stars but I'm waiting for the inevitable huge draw down (and how ConservProfit handles it) which will occur sooner or later. To the vendors credit, he has cautioned of the coming DD and to position accordingly. Having said that the system has preformed extremely well in all sorts of market conditions.
Strategy is good. Developer is knowledgable and keeps everyone informed. Conservative trader that uses stops. Slippage is bad. IB needs to address this matter. 2 stars due to slippage issue
