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EWP plus

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EWP plus

What it trades: Futures

Hypothetical Monthly Results

 JanFebMarAprMayJunJulAugSepOctNovDec
2008       +41.0%(6.9%)+93.6%(20.5%)+26.8%(17%)+51.1%+35.1%+46.6%(25.7%)+18.1%
2009+9.9%+18.5%+12.0%+13.3%+4.8%+3.8%(9.4%)+10.8%(5%)  -  (12.9%)(5.9%)
2010+11.4%(8.4%)(15.4%)                                                      

 
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Show chart:  Standard  |  Monte Carlo  |  Personalized

Subscription Terms

$89 per month (Details)

Subscriptions cost $89 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.)

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Strategy Description 


S&P500 Futures short-term and intermediate-term trades based on technical analysis. Analysis can be viewed at http//blog.themarketdetective.com/
read more...

- This overview was provided by the system developer. Collective2 has not verified it.




Recently Closed Trades

Details

System creator requested that closed trades data below be delayed by one day.

Note: system has an open, losing position which is not being displayed to non-subscribers.

Opened ET B/S # Symbol   Price Closed Price Risk P/L
12/10/09 12:04 SELL 4 @ESH0 E-MINI S&P 500 1098.75 3/12/10 14:43 1149.50 Extreme ($10,150)
10/6/09 9:55 SELL 4 @ESZ9 E-MINI S&P 500 1050.75 12/10 12:04 1104.00 Extreme ($10,650)
10/5/09 10:05 SELL 4 @ESZ9 E-MINI S&P 500 1027.72 10/6 5:13 1044.47 Normal ($3,348)
10/5/09 9:44 BUY 4 @ESZ9 E-MINI S&P 500 1028.43 10/5 10:02 1028.53 Low $20
10/5/09 8:56 BUY 4 @ESZ9 E-MINI S&P 500 1024.75 10/5 9:37 1021.78 Low ($595)
10/2/09 14:52 BUY 4 @ESZ9 E-MINI S&P 500 1024.75 10/2 15:53 1019.00 Low ($1,150)
10/2/09 14:16 BUY 4 @ESZ9 E-MINI S&P 500 1024.25 10/2 14:21 1024.28 Low $5
10/2/09 12:59 BUY 4 @ESZ9 E-MINI S&P 500 1022.75 10/2 13:53 1024.25 Low $300
10/2/09 12:11 BUY 4 @ESZ9 E-MINI S&P 500 1022.65 10/2 12:26 1021.75 Low ($180)
10/2/09 10:37 SELL 4 @ESZ9 E-MINI S&P 500 1025.10 10/2 10:52 1022.10 Low $600
10/2/09 10:21 BUY 4 @ESZ9 E-MINI S&P 500 1020.60 10/2 10:26 1023.03 Low $485
10/2/09 9:45 BUY 4 @ESZ9 E-MINI S&P 500 1017.38 10/2 9:55 1019.05 Low $335
10/2/09 8:40 BUY 4 @ESZ9 E-MINI S&P 500 1015.75 10/2 8:54 1013.05 Low ($540)
10/1/09 15:09 SELL 4 @ESZ9 E-MINI S&P 500 1030.00 10/1 15:30 1030.65 Low ($130)
10/1/09 14:33 SELL 4 @ESZ9 E-MINI S&P 500 1033.25 10/1 14:43 1032.75 Low $100

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Reviews

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Jan 14, 2010 from AutoTrader

System has changed a few times due to subscriber feedback, and went into idle. Sticking to the system's strategy, one would have missed the past few bullish months, resulting in the broadening the equity curve. Be aware of the chance of loss, it will knock you out of the game, if you don't back your account adequately.

 
Dec 2, 2009 from AutoTrader

Appears to be abandoned - no trades in over 2 months. Shame as it was a good system based upon Fib/EW analysis. Vendor should shut it down if it's abandoned

 
Oct 14, 2009 from AutoTrader

Just a couple of weeks ago, most trades would immediately be followed by ever-changing stops, several per trade many times. However, over the past week, the developer seems to have chucked stops out the window. After spending several weeks scalping $20 profits on exceptionally close stops, the past 2 trades have been horrific losers, accounting for a 5-figure loss if you trade the recommended lots. I exited the most recent position with a loss that hurt, but not as much as those still holding on. Turned off Autotrade, will review for the next month of paid subscription to see if the developer is able to get back to winning ways.

 
Oct 6, 2009 from AutoTrader

The system is experiencing a trading method change. both profit target and stop loss has widened dramatically. I paused my autotrade for now, and watch for several trades and see. one side note is that past performance may not be a good reference due to the method change.

 
Oct 6, 2009 from AutoTrader

The trader gives the impression that he is clinging to big losses. Every once in a while a trade is made and no stop is set - or the stop is even removed - without further stops and then we have a big loss.. then a number of small trades are made winning, then again a loss. It seems the provider is sometimes simply not accepting that some trades do not work out as planned. Moreover, it seems the system was strongly changed since it is FOR profit - so watch out. It was for free until it hit 1 Mio then it was rescaled by 1:10 and since then it has not generated any profit any more!! it goes up and down below the break-even.. So, since then only fees, no return.. The provider actually fine wrt. communication. Though there are some who are communicating more - and more regularly.

 
Sept 16, 2009 from AutoTrader

Trading 1 contract since June 09. Ignoring July hit, since Aug. 1 churn has made performance disappointing. 52 trades with unavoidable cost of clearing $1.16/side and C2 system fee of $1.99 and $89/month subscription has generated over $460 in fees vs $820 in profit (trading 1 contract). Burning cash waiting for slump to end.

 
Aug 29, 2009 from Subscriber

This guy really knows how to read the S&P charts and time the waves. His past drawdowns are a little scary, so I trade with less leverage than on C2. I rode out the July drawdown figuring that he would get back on course, which it seems he has. My only reason for not giving 5-stars is that it seemed like he rode out a couple of big losing trades in July instead of cutting his losses short.

Rebuttal, posted on Aug 29, 2009 by system developer:

Fair. Due to popular demand I now place stop orders immediately upon placing a trade.


Statistics

Analytics  
System has been audited since2/1/2008 (26 months ago)
Trades821
# Profitable491 (59.8%)
# months tracked25
Profitable months15 (60.0%)
Avg trade duration11.6 hours
Annual return (compounded)137.7%
Average win$691
Average loss$854
Profit factor1.2:1
Max peak-to-valley drawdown (historical)72.44%
drawdown periodJune 19, 2008 to July 16, 2008
Correlation w/ S&P0.078
Sharpe ratio1.08
C2Realism Factor 100%
Keep after worst-case slippage 97.1%
Probabilities of future account loss  
Chance of 10% account loss80.5%
Chance of 20% account loss59.5%
Chance of 30% account loss41.9%
Chance of 50% account loss0.2%
Chance of 100% account loss0.0%
Average Profit to Drawdown (APD)0.34
Average P/L per unit traded$31.58


System Description

EWP Plus on C2 provides live trade alerts and/or auto-trade capability for ES e-minis

Twitter commentary and analysis is available at @marketdetective
and http//blog.themarketdetective.com/

This is a combination of a discretionary and a nondiscretionary system. The nondiscretionary component is entries and exits based on Fibonacci ratios measured from either the beginning or end of Elliott wave counts. The discretionary component is identifying the beginning and end of wave counts.

- This system description was provided by the system developer. Collective2 has not verified it.