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THE SUBSCRIBER PERSPECTIVE

Strategy reviews

Real experiences. In subscribers' own words.

Read what worked, what didn't, and what it was like to follow a strategy.

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Reviews of Goldmetre B

Goldmetre B

Best advise for this trader and system = STAY AWAY. trust this advise - it will save you allot of money and time. Many other safer more professional systems available, choose them.

Goldmetre B

As the last reviewer pointed out it appears that this system was overfit to a recent small data set during development and is now being tweaked along the way when when faced with real world market conditions. The result: 7 months of gains wiped out in a month. To make matters worse the developer doubled the leverage in a self-destructive attempt to recover from the drawdown quickly despite the increased volatiilty and right before an FOMC announcement (!) I noticed there is a Goldmeter "D" ready to set sail once this one sinks to the bottom. Tickets should be on sale soon but I think I'll stay on dry land next time.

Goldmetre B

I have traded this system for 3 months now and overall I must say it is fair but not exceptional for a couple of reasons: 1 - The system developer is very communicative but also makes adjustments to his system. This scares me because systems should already have been tested and proven, not changed on the fly. 2 - The system is quite volatile. The drawdowns aren't huge but they are constant. Immediately after making it out of one DD ($7,000 ), the developer states new highs only to immediately enter another DD. I understand DD is the nature of the game, but this is too choppy for my liking. 3 - The posted hypothetical curve does not apply at all and is only for 2 years. What happens during bear markets? The curve makes me think that the system is overfitted with minimal data sample size. I have made some profits from this system ($3000) and I am confident annual profits will come but it does not fit my needs due to the red flags above.

Goldmetre B

Upgrading my prior 4-star review to 5 stars. Joined the system right before a significant drawdown in mid-November of '14, but made back the losses and turned a profit soon afterwards. Communication with the vendor now seems to be good. The one hidden risk that subscribers should be aware of is that the stops are internal to the vendor and issued as market orders through C2 instead of broker-level stops. I'm willing to accept this risk, given that he seems to have an exceptional system.

Goldmetre B

I've written three private messages to the vendor and only received one (very short) reply. No broker-level stops, which adds more risk to subscribers in the event of a signal loss. I got in at a terrible time (at the top of the equity curve, right before a big drawdown), but I'm willing to stick with it for a while given the solid track record. UPDATE #1: After writing this review there are now broker-level stops and profit targets (thank you!). The system has recovered much of its losses from the prior drawdown. Upgrading my review from 3-stars to 4-stars. UPDATE #2: It turns out the broker-stop and limit was a manual trade signal issued due to a problem with C2 (a good example of why broker-level stops are needed if/when C2 is not able to process an automated exit trade). Still keeping my 4-star review given the recent bounce in performance.

Goldmetre B

This system just keeps performing well with realistic win rate and win/loss ratio. Risk is controlled with realistic stop losses. I like this system ALOT.

Goldmetre B

Very nice return with low drawdowns. I hope the success continues. I don't run any stop loss like the other reviewer as I believe they are built into the system. Jiong

Goldmetre B

So far so good, the system uses good risk management, and has a very realistic 52% win rate. Avg. winners $490 vs. $380 avg loss. These stats are vastly better than most systems on here. Novices are drawn to the ROI% numbers without digging deeper into the trade stats. This system doesn't draw-down 10% to win 1%. I ran some analysis on all the trade results and found a $550 stop loss improves the overall max-drawdown so that's what I've been using and it is working well.