Vendor has created 1 other system.Show The name of this system has been changed 2 times.Show
Original name
Changed to
When changed
Trader's Prophets
Trader's Prophets - Day Trade
3/12/10 11:56
Trader's Prophets - Day Trade
Trader's Prophets
3/12/10 14:57
Status
This system is no longer supported.
What is the C2 Score?
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.
The Vendor has done a great job keeping us informed of how the system is working and performing. The trades, in most cases, are low risk and work out nicely. The performance is very good. I also like the fact that blogs and forum posts are writted by the vendor. This system is seems to be more for day traders and short term trading. I like this because it reduces the overnight risk.
I am very intersted in seeing how their 2nd swing swing trade system will work perform. They have wrote that this is more for overnights. Seems to be doing well now and will subscribe soon since they are offering a discount if you subscribe to both of their systems.
Rebuttal, posted on March 16, 2010 by system developer:
Thank you for the kind words. We work to keep this system lower risk and functioning in a way that will help you make a living trading this way. We will also always keep you informed of any events on our part or from outside circumstances, whether good or bad.
System Description
We have created 2 systems. One is for day and shorter term trading and one is for Swing Trading. This is our shorter term system.
With over 15 years on Wall Street, training almost 400 traders, and running 3 successful trading desks, we have decided to run a simple, (ideal for short term and day traders) trading system to help others make a living. Try our systems out for a free trials and see how we can help you make money. This is one of our simple market timing systems that we use in order for traders to make simple trades. We take small losses. Trader's Prophets is designed to help traders follow our trades and be profitable.
- 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 7 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 $95 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.)
- 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.
