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Collective2 Profile

Howard Roark


Joined Collective2: 6/15/2007
Last Logged in: 7/26/2007


  Send private message
Occupation: Trading the Financial Markets
Location: North America
Years Trading: 15
What I Trade: Everything related to the financial markets

A fool thinks he is a wise man even though he has not learned how to make money; A wise man knows that he is only a fool until he learns how to make money...


Most Recent Forum Posts

7/26/2007 >There's also the issue of drawdown not really existing if the...
Subject: Market Direction?
7/26/2007 Sounds good. Sorry, I can go only with what C2 equity...
Subject: Market Direction?
7/26/2007 You need to take a long-range viewpoint. It isn't so bad...
Subject: Market Direction?
7/26/2007 What happened? Your systems equity curve took a plunge. Markets are...
Subject: Market Direction?
7/26/2007 The carnage continues...What a party...Tomorrow may be the blood bath... ...
Subject: Market Direction?
7/25/2007 Spoken like a true pathetic, miserable, parastiic, evading, criminal of a...
Subject: Gentle Reminder
7/25/2007 Spoken like a true pathetic, miserable, parastiic, evading, criminal of a...
Subject: Palsun is now Howard Roark
7/24/2007 whatever...yada, yada, yada...you make no sense, as usual... ...
Subject: Palsun is now Howard Roark
7/24/2007 Spoken like a true pathetic, miserable, parastiic, evading, criminal of a...
Subject: Gentle Reminder
7/24/2007 >Do you want to put that up to a vote? So...
Subject: Gentle Reminder

System Notebook

Forex Fighter GBP/USD KO


TradesForex
Cumu P/L$99,448
Compound Ann Return10.7%
# Trades242
Sharpe Ratio0.64
Subscribe for:

No Ratings Yet
Comments 7/12/07 18:43 ET:
Avoid day trading systems in general - they are waiting to crash some day. http://www.cxoadvisory.com/blog/external/blog10-22-04/ http://www.dontloseyourass.com/about.htm A good place to start doing your own research: http://www.cxoadvisory.com/blog/internal/blog2-07-06/

LRC Extreme Futures


TradesFutures
Cumu P/L$196,659
Compound Ann Return19.9%
# Trades1,046
Sharpe Ratio1.66
Subscribe for: $499 per month - only if profitable

Average Rating:
Comments 7/6/07 18:26 ET:
Another scalping system - dismal P/L per unit - low reliabiility to make a profit. Avoid day trading systems in general - they are waiting to crash some day. http://www.cxoadvisory.com/blog/external/blog10-22-04/ http://www.dontloseyourass.com/about.htm A good place to start doing your own research: http://www.cxoadvisory.com/blog/internal/blog2-07-06/

Money Management in the S&P


TradesFutures
Cumu P/L$16,784
Compound Ann Return2.5%
# Trades174
Sharpe Ratio0.03
Subscribe for: 7-day free trial, then $250 each month
Others writing about Money Management in the...:
Pete *
Financial Scientist
Miguel Araujo

Average Rating:
Comments 6/27/07 11:26 ET:
Avoid day trading systems in general - they are waiting to crash some day. http://www.cxoadvisory.com/blog/external/blog10-22-04/ http://www.dontloseyourass.com/about.htm Another scalping system - dismal P/L per unit - low reliabiility to make a profit. A good place to start doing your own research: http://www.cxoadvisory.com/blog/internal/blog2-07-06/

Cheetah


TradesFutures
Cumu P/L$14,478
Compound Ann Return11.6%
# Trades666
Sharpe Ratio0.45
Subscribe for: $0 each month

Average Rating:
Comments 6/25/07 8:21 ET:
Avoid day trading systems in general - they are waiting to crash some day. http://www.cxoadvisory.com/blog/external/blog10-22-04/ http://www.dontloseyourass.com/about.htm A good place to start doing your own research: http://www.cxoadvisory.com/blog/internal/blog2-07-06/

CTS SnapBack System


TradesFutures
Cumu P/L$168,171
Compound Ann Return12.8%
# Trades305
Sharpe Ratio0.70
Subscribe for: $99 per quarter - only if profitable

Average Rating:
Comments 6/25/07 8:19 ET:
Profit Factor > 3.0 - Highly optimized system just waiting to crash soon...

Fortune Cookie @ER2


TradesFutures
Cumu P/L$28,819
Compound Ann Return4.0%
# Trades2,138
Sharpe Ratio0.55
Subscribe for: $0 each month

Average Rating:
Comments 6/25/07 8:18 ET:
Another scalping system - dismal P/L per unit - low reliabiility to make a profit. Avoid day trading systems in general - they are waiting to crash some day. http://www.cxoadvisory.com/blog/external/blog10-22-04/ http://www.dontloseyourass.com/about.htm A good place to start doing your own research: http://www.cxoadvisory.com/blog/internal/blog2-07-06/

BIG CAT


TradesFutures
Cumu P/L$825,154
Compound Ann Return35.7%
# Trades5,814
Sharpe Ratio3.10
Subscribe for: $500 each month

Average Rating:
Comments 6/25/07 8:17 ET:
APD is a useless statistic. It is a arbitrary measure and is highly subjective. Use profit factor instead. Another scalping system - dismal P/L per unit - low reliabiility to make a profit. Avoid day trading systems in general - they are waiting to crash some day. http://www.cxoadvisory.com/blog/external/blog10-22-04/ http://www.dontloseyourass.com/about.htm A good place to start doing your own research: http://www.cxoadvisory.com/blog/internal/blog2-07-06/

Team Aphid Bird


TradesForex
Cumu P/L$9,895
Compound Ann Return6.6%
# Trades355
Sharpe Ratio1.36
Subscribe for: $250 each month

Average Rating:
Comments 6/25/07 8:16 ET:
Avoid day trading systems in general - they are waiting to crash some day. http://www.cxoadvisory.com/blog/external/blog10-22-04/ http://www.dontloseyourass.com/about.htm A good place to start doing your own research: http://www.cxoadvisory.com/blog/internal/blog2-07-06/

DCA Scatter Level I


TradesForex
Cumu P/L$33,849
Compound Ann Return4.8%
# Trades42
Sharpe Ratio0.17
Subscribe for: $0 each month
Others writing about DCA Scatter Level I:
pink pig
AB1 Kenobe
David Chamides

Average Rating:
Comments 6/25/07 8:14 ET:
Avoid day trading systems in general - they are waiting to crash some day. http://www.cxoadvisory.com/blog/external/blog10-22-04/ http://www.dontloseyourass.com/about.htm A good place to start doing your own research: http://www.cxoadvisory.com/blog/internal/blog2-07-06/

Legacy Merlin


TradesStocks
Cumu P/L$21,957
Compound Ann Return3.1%
# Trades171
Sharpe Ratio0.27
Subscribe for: $120 each month

Average Rating:
Comments 6/25/07 8:11 ET:
Another scalping system - dismal P/L per unit - low reliabiility to make a profit.

Eternal Return Trading - SwingNQ


TradesFutures
Cumu P/L$120,580
Compound Ann Return12.7%
# Trades405
Sharpe Ratio1.02
Subscribe for: 30-day free trial, then $150 each month

Average Rating:
Comments 6/25/07 8:08 ET:
Another scalping system - dismal P/L per unit - low reliabiility to make a profit. Avoid day trading systems in general - they are waiting to crash some day. http://www.dontloseyourass.com/about.htm http://www.cxoadvisory.com/blog/external/blog10-22-04/ A good place to start doing your own research: http://www.cxoadvisory.com/blog/internal/blog2-07-06/

extreme-os


TradesStocks
Cumu P/L$216,602
Compound Ann Return45.9%
# Trades2,253
Sharpe Ratio1.21
Subscribe for: $100 each month

Average Rating:
Comments 6/25/07 8:03 ET:
Dismal Realism Factor (RF) - don't trade systems with less than 80% RF - not a honest system. Also uses limit orders - will get filled on all losers, but rarely on winners because the fills not only depends on FIFO order but also on the size of the order; so that the actual equity curve would look a downward 45 degree slope, not an upward one. Even if one converts limit orders to market orders, optimal dynamic asset-allocation policy is generally unattainable due to transaction costs and other market frictions (slippage), but can be approximated with just a few options given that only a few trades are required to establish the portfolio and there are few costs to bear thereafter. An even more compelling motivation for the optimal buy-and-hold portfolio is the presence of taxes. For taxable investors, the Certainty Equivalent (CE) is reduced by the present value of the sequence of capital gains taxes that are generated by an optimal dynamic asset-allocation strategy. In contrast, all of the capital gains taxes are deferred until a future point in time in a buy-and-hold portfolio. Therefore, the economic value of predictability is likely to be even lower for taxable investors, and the optimal buy-and-hold portfolio that much more attractive. The main challenge is tractability and computational complexity. Deriving optimal buy-and-hold strategies to approximate other than dollar-cost averaging strategies or other popular dynamic investment strategies - strategies that need not be based on expected utility maximization might be of considerably lesser interest. We have to examine the payoff structure of the portfolio and its sensitivities to various market factors and economic shocks. I think auto trading is advanced AI but on one condition: provided you begin by reaching independent conclusions. Then you must accept the responsibility of implementing your own conclusions in practice; using auto- or manual trading, i.e., you must pave your own way. You must be self-reliant in the mental world and in the physical world.

positive forex


TradesForex
Cumu P/L($70,933)
Compound Ann Return-16.1%
# Trades155
Sharpe Ratio-0.34
Subscribe for: $45 each month

Average Rating:
Comments 6/25/07 8:01 ET:
Profit Factor > 3.0 Highly optimized system just waiting to crash soon. Don't trade systems with high win rates - they achieve this win rate by holding on to losers - but the problem is losers don't always turn into winners - especially for highly optimized systems...

VN Forex Club


TradesForex
Cumu P/L($12,218)
Compound Ann Return-2.0%
# Trades235
Sharpe Ratio-0.18
Subscribe for: $40 each month

Average Rating:
Comments 6/25/07 7:54 ET:
Another scalping system with a dismal risk/reward ratio.

Tango


TradesStocks
Cumu P/L$255,015
Compound Ann Return17.8%
# Trades2,008
Sharpe Ratio1.11
Subscribe for: $777.77 per quarter - only if profitable

Average Rating:
Comments 6/25/07 7:39 ET:
1) This system makes too many trades (too many positions?) - As well buy at the market the S&P 500 Index (buy & exit during downturn) and increase the position size to make better return. It is not rocket science to know that the more positions one has in a portfolio, the more it behaves like an index... Vendor doesn't understand that the stocks in the portfolio doesn't have to comprise an existing index, for the portfolio to behave like an index/ETF... 2) It uses limit orders - will get filled on all losers but rarely on winners; because the fills not only depends on FIFO order but also on the size of the order; so that the actual equity curve would look a downward 45 degree slope, not an upward one. 3) Complicated position management, KISS... 4) High account size requirement... 5) Would not scale for higher account sizes. No wonder no big guys are interested in it... I know, I know, I don't have to subscribe.. Atleast I would've saved the subscription price on a useless system...I wouldn't subscribe even if it is free...Actually, only an idiot would trade this system...