RT Forex North
Hypothetical Monthly Returns (includes typical commissions and system fees)
|System started||6/5/2006 (91 months ago)|
River Traders Inc
(Last login to C2: 3/26/13 21:38)
C2 Score: 977
Vendor has created 6 other systems. Show
System creator requested that closed trades data below be delayed by 20 hours.
|Hypothetical Trading Results|
|Chance of 50% account loss||1.0%|
|Chance of 100% account loss||0.0%|
|Average Profit to Drawdown (APD)||0.03|
|Average P/L per unit traded|
The views of the reviewer on 17 July 2008 mirror my thoughts almost completely. I'd rate it higher simply because of it's performance and track record relative to other systems. Adjusting methods during drawdown is always concerning for me, too. I'd suggest anyone considering this sytem shoul Auto-trade it.
The system looks good on paper, but it is almost impossible to trade in reality (unless you autotrade). Many signals are entered late in the evening US time (in the middle of the night in Europe), making it hard to manually follow the system. The vendor enters stops and take profit limits with every trade, but then frequently changes them, often at the last minute when the price nears the stop level or the trade is re-entered immediately after having been stopped out. This has led to me being stopped out in my own trading on several occasions, only to find that the official system record is still in the trade. More worryingly, the reaction of the vendor to the recent drawdown was to announce changes to the system in order to "make back" the losses.
I am sorry we are in a draw down as of this review. Believe it or not, in FXCM I did not have a loss last night for my real money balance. I had 2 orders in C2 before the fact that mirrored my FXCM orders, and one got was canceled by C2 not me. I will be making more changes to get around this flaw which I will announce in an e-mail to subscribers. Yes, we do place orders around 8 - 11 pm EST (NYT), so the reviewers may be right that manual trading is not possible. Many of the changes are just reverting the system back to when we had higher % wins in the previous year instead of trying to manage the system on a month by month basis by fine tuning performance. So we will have both larger wins and losses going forward, but assuming the prior year provided reliable data, overall we should have a positive uptrend in the coming months.
Pros: Vendor uses stops and take-profits consistently; signals easy to follow; system not sensitive to slippage; suitable for trading in smaller (sub $10K) accounts. Cons: Three out of four systems offered by this vendor experienced severe (40%) drawdowns, leading to concerns about overall trading style and risk management by the vendor.
RT Forex North as noted has been and continues to use stops and profit targets. We use technical analysis for forex trading and have a long record here at C2 of profitability.
Other systems may be traded using fundalmentals with higher leverage, but should be judged on their own merits.
I've been subscribed for 2 months. This is a serious trader. Always uses stops. Not afraid to close a trade if it isn't going as expected. Good communication about the trades. There is usually ample time to enter the trades.
This is for forex traders. You can autotrade it if you like but manually trading it may be better to prevent slippage. Trade signals will be e-mailed from C2 to you and also appear in C2. The system is setup for mostly limit orders but may have market orders in a fast market.
I have real profit and real stops, but will use mental stops and average into trades when needed. I will not keep losing trades hidden in the system since I will be trading my own money.
I have decided to pay the C2 fee since the system is working and so it will keep track of my trades. If you are interested in trading this system, feel free to signup. I made the price for a months trial very reasonable considering that a single good trade makes at least $ 999.00
We will cap the number of subscribers at 40 to help maintain profitability.
http://www.river-traders.com/ e-mail: using C2 private messaging.
Note: We have decided to not offer free auto-trading since we are swing system not a scalping system. Our goal is to make money for our subscribers and us not the brokers. If you have been unsubscribed when we turned off "free" auto-trading, you can just click on the subscribe button to continue to get both manual and/or auto-trade signals.
Please note to certain hedge funds that I have been in contact with that this system is currently open to normal individuals ONLY, but that I will be happy to work something out with you where I trade a managed account and will work to convert my current subscribers to managed accounts. We are the only forex system on C2 that has been in the top 10 best forex system for over a year with real money results from both myself and our subscribers.
Quoted from Matthew Klein:
"First, let me address the main topic at hand. When using the "Show real-life brokerage fills," C2 ONLY includes fills from live accounts, and NEVER includes fills from demo/simulation accounts."
"I want to congratulate you on the excellent performance of your C2 trading system called RT Forex North!"
- This System Description text was submitted by the creator of this strategy. Collective2 verifies only trading signals and hypothetical trading results. We have not verified that this text above is an accurate system description.
Remember there is a substantial risk of loss in trading. Past performance is not indicative of future results. Do not trade with money you cannot afford to lose.