The reason the developer did not turn off trading even though they knew it was out of sync with the market was because they are not trading their own account and do not feel the losses themselves. They make subscriber fees even if the system implodes (for a while at least.) I really wish managers were required, or at least incentivized, to be TOS certified when trading a lot of subscriber accounts as it would surely result in trading models with less risk and more responsible trading behavior so we could sleep easier. Unfortunately, there 19s aren 19t that many managers who are real traders on C2 from what I can see so far.
To their credit, during the current big drawdown (June 2015) the developers sent several warning emails notifying subscribers that their system was not synchronizing with the market. Fair enough. To their discredit, the developers did not close the positions and wait for the storm to blow over. I may be unusual, but I expect an auto-trade system to be, well, automatic. I travel a lot and I don't have the time to monitor and adjust my positions. Just a heads-up for future subscribers.
I have been a suscriber for about a year and I am still satisfied with the system. I have had some great profits during this time. Every system has its drawdown so I am not worried. The markets is going through some major changes now and I believe that Daily Miner is experiencing that as well. My biggest concern is that the developer start to change the system to much now due to the drawdown...
I have been a subscriber since late April. Yes, just before the current drawdown. Terrible timing.
At this time, Daily Miner is having a tough time adjusting to the current markets. The futures instruments that this strategy is entering, seem too correlated. This creates increased risk exposure to one side. Currently, we are in 6 positions, and 5 are in the red. Unfortunately, the trend is against the current portfolio, therefore, creating a new higher drawdown period.
I can't seem to work out how/why this system determines entry and exits. Since I became a subscriber, I have seen good gains turn into large losers, and when a losing trade is in a trend reversal, and gets back to breakeven, the system exits only to take a new position on the opposite side, which now against the trend, adding to new losses.
It would be great if the developer would send communication to the subscribers to maintain the confidence in the system, especially with a new drawdown, but nothing has been sent.
Luckily, I have some other trading strategies that is offsetting some of the losses (currently at 10K loss), but not too sure how long to keep Daily Miner. It has had some good string of wins in the past, but I can 19t see how. Drawdowns are like staring into the abyss, not knowing when it will end.
I've been trading this system since the last week of November 2014 when I gave up on trying to trade profitably on my own. Results speaks for itself as the system has helped me recover some of my losses I incurred trading on my own. My only regret is not trading this system sooner.
Robust model. Solid returns. No complaints. Fantastic communication from the developer. Highly recommended.
Four stars at present, in time if results are consistent over time, 5 stars.
I have been trading this system for a couple of months, and have been very pleased. The diversification helps reduce the stress factor, as it is rare that more than 1 or 2 positions go against us. It is nice to see the account going up even when the US indices are not doing well. Does require a fair amount of capital to trade, as explained in the description.
A good solid system. It's not perfect but it's about as good as it gets. Good long track record, Diverse markets traded, DD reasonable for me and returns are fairly regular. Only downside (for me) is trades are entered after market close so could have a winning trade in the morning only to have a looser in the afternoon, but that's trading.
Only been using this system for about 3 weeks, so not long enough to give a good idea....But i want a futures system that is long and short and this seems to fit the bill....ask me again in 12 months..
I've been a subscriber for over 3 months and have been very happy with the performance. I had to ride out a $5K drawdown within the first month of trading, but glad I stuck it out. I use Trader68 to autotrade it, but it seems like it could be manually traded easily since the signals usually occur at the beginning of the evening session. Can't beat the current subscription price of $29/mo (although the system description indicates the price will go up to a reasonable $149/mo at some point).
System with good diversification and low correlation between the futures that trade. The owner make a kind of hedge between different futures, for example Bonds and Indexes, as result of that the equity curve dont have big downs. I dont give 5 stars because is too short the historical but i hope in 1 year i can give to this system 5 stars because is working as well is doing now
