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Collective2 Profile

Dan Maguire


Joined Collective2: 8/19/2005
Last Logged in: 4/01/2013


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Occupation: Trading System Project Manager
Location: Chicago
Years Trading: 30+
What I Trade: equities, commodities, options, Forex

I discovered C2 in early 2011 in a search for trading strategies that could help me make my personal trading approach more systematic. Professionally I've always been involved in automated trading.

I've tried out several of the C2 offerings. My results have been mixed, but generally favorable. I prefer to trade manually because I don't like paying the autotrade fees and manual trading gives me a better feel for how the strategy operates. I have a day job, so I autotrade systems with too many signals to follow manually.


Most Recent Forum Posts

5/23/2012 Chris, I tried both OEC and MB for autotrading futures (not...
Subject: Futures trading with Gen3 at IB
5/22/2012 IB makes you jump through too many hoops to do business...
Subject: Futures trading with Gen3 at IB
5/16/2012 Would anyone be willing to share their costs of Gen3 futures...
Subject: Futures trading with Gen3 at IB
5/23/2011 Yes, that is one of those simplistic questionnaires you find in...
Subject: Caution - Do Not Overtrade

System Notebook

Daily Batch


TradesFutures
Cumu P/L$50,806
Compound Ann Return62.8%
# Trades275
Sharpe Ratio1.46
Subscribe for: 7-day free trial, then $95 each month

Futures Trader Daily


TradesFutures
Cumu P/L$57,949
Compound Ann Return40.9%
# Trades1,153
Sharpe Ratio1.03
Subscribe for: 7-day free trial, then $149 each month

Average Rating:
Comments 10/10/11 12:59 ET:
Started Auto-trading this at OEC in May-2011. So far I think there has only been one product they do not offer at OEC, despite the broad range of contracts traded by this strategy.

As of 10-Oct my account is down about 10% and the $349 monthly fee is not included in that.

MREV1


TradesFutures
Cumu P/L$20,997
Compound Ann Return18.3%
# Trades114
Sharpe Ratio0.55
Subscribe for: 14-day free trial, then $0 each quarter
Others writing about MREV1:
Inga German
Dean Marks
Clint Brookhart

No Ratings Yet
Comments 10/10/11 12:56 ET:
This is a mean reversion system that tries to catch short term reversals in the S&P500. I've followed it for the three worst months of its history and it has been really painful - even though I haven't submitted orders on nearly all the signals.

The developer has modified the system since the drawdown, to add a trending indicator that counterbalances the algorithm's tendency to bet on reversals. This results in quite a few flat position days. A stop loss has also been added, but it still allows 10% of system capital to be lost on a single position.

Too soon to tell whether the changes will make the system a winner again. But recent results have been encouraging.

RD30 Day Trading


TradesFutures
Cumu P/L$145,343
Compound Ann Return22.9%
# Trades2,634
Sharpe Ratio1.74
Subscribe for: 7-day free trial, then $249 each month

No Ratings Yet
Comments 8/29/11 14:19 ET:
Difficult, but not impossible, to trade manually (my preferred method because of the excessive auto-trading costs). Some signals come in the middle of the US night. It isn't a 'real' day trading system because it does hold positions overnight.

Despite these drawbacks, the strategy is performing well for me.

JV Long/Short Equity


TradesStocks
Cumu P/L$376,772
Compound Ann Return58.2%
# Trades637
Sharpe Ratio1.88
Subscribe for: $100 each month
Others writing about JV Long/Short Equity:
Inga German
ALLOCATION PORTFOLIO
David Bowers
Black Box
Gunar S.

Average Rating:
Comments 7/27/11 12:49 ET:
A totally discretionary, i.e. not algorithmic, system that generates orders intraday. However, there aren't many orders per day so it can probably be traded manually reasonably well. Very high annual return since Dec 09 and a Max DD of 12%. Holds about 4-5 positions, which are sized for a $350K account.

Marathon Trading


TradesForex
Cumu P/L$30,615
Compound Ann Return19.8%
# Trades165
Sharpe Ratio2.43
Subscribe for: $150 per month - only if profitable
Others writing about Marathon Trading:
Ms Naivete
Linda Davenport
Inga German
William Shepler
Dean Marks

Average Rating:
Comments 7/27/11 10:54 ET:
This is a discretionary system, but the trader appears to have a good touch. It generates too many intraday trades to follow manually. However the monthly fee is only $50, so it may be worth paying the autotrade fee. I like that the Max DD is quite small - only 6% in 10 months of trading history. The trader has shown good ability to make money on both Long and Short trades.

Rainier


TradesStocks
Cumu P/L$115,965
Compound Ann Return20.1%
# Trades1,009
Sharpe Ratio1.29
Subscribe for: 15-day free trial, then $50 each month

No Ratings Yet
Comments 6/17/11 15:45 ET:
This system has a pretty good track record and has been around for over two years. However, it is long-only and has not been tested during a severe market downturn. Recent performance is showing losing trades that are much larger than the winners. Might be worth a try, but I would trade it manually to try and manage Stops and Exits better. Very helpful system developer.

Although this system generates a large number of orders, it is easy to trade it manually - at least at IB. The developer send our a CSV file that is compatible with IB's Basket Trader product, so they can be easily imported. Other system vendors, or better yet C2 itself, should follow this example.

Topaz NQ100 M


TradesStocks
Cumu P/L$479,318
Compound Ann Return33.1%
# Trades2,680
Sharpe Ratio0.98
Subscribe for: 7-day free trial, then $99 each month

INVERTERATE


TradesStocks
Cumu P/L$8,581
Compound Ann Return5.6%
# Trades419
Sharpe Ratio0.61
Subscribe for: $5 per month - only if profitable
Others writing about INVERTERATE:
David Bowers

No Ratings Yet
Comments 5/24/11 8:55 ET:
Difficult to trade manually. Generates up to 50 orders per night. Only Day orders are used, so you have to enter them every night. So many open orders use up all my buying power so, even though there are never too many positions, a $100K account is locked up and unavailable for any other investment. For the ROI I'm getting, it is an inefficient use of capital. This is a long-only strategy that has not survived a serious market pullback yet.

donotreply


TradesStocks
Cumu P/L$70,720
Compound Ann Return17.1%
# Trades1,401
Sharpe Ratio0.46
Subscribe for: $150 each month
Others writing about donotreply:
Emp New
Black Box

No Ratings Yet
Comments 5/24/11 8:38 ET:
Too many orders (100/day) to be traded manually. The large number of open orders would also tie up a lot of buying power at most brokers.

Captura DTS System


TradesStocks
Cumu P/L$90,649
Compound Ann Return11.4%
# Trades1,306
Sharpe Ratio1.23
Subscribe for: 5-day free trial, then $125 each month

No Ratings Yet
Comments 5/24/11 8:36 ET:
System has survived for four years on C2 and has an 80% win rate. The annual return is not as impressive because the losing trades are much larger than the winners. Each order is sized at 7.5-8% of the total system equity of $202K. There are normally about 12 positions, so this long-only strategy stays about 90% invested. But somehow it came through 2008 in great shape, posting gains in 9 of the 12 months and an overall gain over 15%. Unfortunately, you can't see how he did it because C2's trade records don't go back that far. It is quite feasible to trade manually as only 6-12 orders are generated per day and these are created in non-trading hours. Worth trying, but I would trade it manually to manage Stops and Exits more closely. System developer, Thomas Sickenberg, is very responsive to questions.

zFutures Diversified


TradesFutures
Cumu P/L$5,329
Compound Ann Return1.0%
# Trades536
Sharpe Ratio0.01
Subscribe for: 7-day free trial, then $195 each month
Others writing about zFutures Diversified:
Prudent Investor
Jack Gross
Dean Marks

No Ratings Yet
Comments 5/23/11 15:51 ET:
Solid system. Not difficult to trade manually. The only drawback is the large account size. However the actual trading results from 2011 are much less attractive than 2010. Would not use this one until its performance improves.

Forex Special


TradesForex
Cumu P/L$7,892
Compound Ann Return29.6%
# Trades319
Sharpe Ratio0.91
Subscribe for: 5-day free trial, then $99 each month

Average Rating:
Comments 5/23/11 15:47 ET:
Very impressive win %. But the average profit per trade is a tiny $40. One big loser can wipe out a lot of little winners. Most trades are entered and exited during the trading day and the duration is very short. Easy to miss trades if you are trading the system manually. At $150/month the subscription fee eats up the P&L for four average winning trades.

S&P ETF TIMER


TradesStocks
Cumu P/L$8,185
Compound Ann Return19.5%
# Trades161
Sharpe Ratio1.19
Subscribe for: $129 each quarter
Others writing about S&P ETF TIMER:
Krystof Huang
Linda Davenport
David Bowers

No Ratings Yet
Comments 5/23/11 12:47 ET:
Pretty good return during first year. Easy to trade manually. Can be used with ES futures as well as ETF's. Cost is reasonable. Tends to maintain 50% of equity in each initial position. Max drawdown is a bit high, but can easily be controlled with stops.

Super Commodity


TradesFutures
Cumu P/L$50,150
Compound Ann Return10.9%
# Trades304
Sharpe Ratio1.67
Subscribe for: $695 per month - only if profitable

No Ratings Yet
Comments 5/11/11 9:21 ET:
Cannot trade manually. Signals are sent in the middle of the night. High subscription cost. Would need large capital commit to justify it.