Collective2 rates every trading system creator in its database and assigns a score between 100 and 1000.
In general, a rating above 500 is good. A rating above 700 is excellent.
Collective2 Ratings are recalculated daily based on the entire performance history in our database. The exact formula we use is proprietary, but there are several key variables that go into the Collective2 Rating.
One of the most important factors is the length of time we have been able to observe the performance of the trader.
Another key factor is the amount by which the trader over-performs or under-performs the S&P 500 index.
Finally, the choppiness of the trader's results is taken into account. Certainly a more consistent system creator will be rated more highly than a system creator with erratic results.
Vendor personality: very friendly, attentive. Level of trading: amateur. Don't subscribe to this system! After increasing his subscription fee 10-fold, he rewarded his subscribers with a 60% drawdown. Now, the system looks like Pannonia I. Thank goodness I got out during the trial period and didn't suffer any losses.
Oct 12, 2007 from AutoTrader
i tested this system for 1 week auto trading on the open e cry demo account, no trades where taken ... (also on the collective2 site there are no real fills posted just the Light gray=hypothetical prices ones)
hope this system goes soon online.
System Description
As of 20th of Aug, the systems trading has been simplified in 2 ways:
1. Less trades, max. 4-6 a day.
2. Trading in units, max. 2 units.(contracts)
The first one is obvious, I am trying to catch bigger moves and staying in position for longer times. This way subscribers can jump on even if they missed the signal. Instead of the units I am rescaling the system once the assets grow, so it is still 1 or 2 contracts...
System is rescaled on Oct25th, for $5000. Still testing how many contracts can be traded...
After reaching $8000 from the previous rescale of $5000 on Nov 6th I have rescaled it again to $4000. Traded only 1 or 2 contracts, no more than 2 contracts open at any given time...
- 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.
There is a free trial period of 5 days before you are charged.
You may cancel at any time before this (we send you an email at least a day before, to remind you, so there are no surprises.)
Then, after the trial, you will be charged $100 per month. (That is, we will charge you every 30 days - not when the month name on the calendar changes. So it's okay to sign up towards the end of a calendar month. You'll still get a full 30 days.)
The system is not part of any trading competition anymore dont be affraid to try it out. read more...
- This text was submitted by the creator of this strategy. Collective2 verifies only trading signals and hypothetical trading results. We have not verified the Overview text above. 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.
