Hypothetical Monthly Returns (includes typical commissions and system fees)
|Strategies||Technical analysis, Market timing, Unclassified|
|System started||1/9/2012 (17 months ago)|
Liberty Tech Group
(Last login to C2: 5/15/13 8:51)
C2 Score: 994
Vendor has created 5 other systems. Show
|Hypothetical Trading Results|
|Chance of 50% account loss||0.1%|
|Chance of 100% account loss||0.0%|
|Average Profit to Drawdown (APD)||0.06|
|Average P/L per unit traded|
i have a 3000usd account, and i almost lose all my account with this system!!! it dont take in count fundamental analisys!! its get crazy in september doing many high risk trades!! if you are interested in this system i recomend you that dont entry with the same size of leverage!!you can lose if you have a small account
I consider any trade that loses to be a "bad trade". Admittedly, the system made "many" bad trades in September. A "high risk" trade, however, is one that risks too much capital relative to what's available, and there were only three of those in my book.
If you consider three to be too many, then I do sympathize and apologize, though that does little to ease the pain of loss. However, it is up to you to adjust the trade size relative to your account. You can't expect to trade the exact same size positions with a $3000 account as with a $20000 account.
I also take issue with the criticism of not considering Fundamental Analysis. That is not what this system is about, and not even mentioned in the description. Granted, I am often aware of Fundamental events, but only in preparation to react to the price action at that time. In the end, I am only concerned with the Technicals, because regardless of events and news and economic data trends, the price actions tells me everything I need to know. If you are not comfortable with that, then you shouldn't be following this system.
All that said, the system requires some human element for risk management, and perhaps that is its greatest downfall. So blame me, but don't blame the system. It makes money over time, and lots of it. A theoretical gain of >50% since the start is surely worth of more than one star. Still, I know that timing is truly everything, and I'm sorry you were unable to participate in prior gains.
In short, yes, I failed to follow my risk management strategy to great detriment, but September was an extraordinary month of events that changed only the short term landscape. And indeed, the great thing about being human is that we can learn from our mistakes. So I remain confident in the system's profit potential, and I have recommitted to following the risk management strategy and superior technical analysis that got me here thus far.
By combining a mixture of proprietary technical analysis, market sentiment (i.e. positioning), and seasonality data, the system is geared to capturing large trending moves that leave most investors baffled and broke.
The downside to this method is that there will sometimes be long periods of mixed performance and drawdown while adapting to a new time frame. It often takes many attempts to catch a market turn. However, entry points are carefully chosen and timed, while smart money management is employed to limit risk and balance profit potential with capital protection.
Every signal is traded with real money and human approved. In addition, a system and market update is occasionally provided.
- 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.