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.
This system is based on breaks of 24-hour support and resistance levels on high volatility, combined with daily pivot points. Each trade has a default -30 stop loss which will be set to break even as soon as the trade reaches +20 pips, that way to minimize loss due to false breakouts. Each trade will risk a maximum of 0.5% of the account balance. However, due to the nature of high volatility breakouts and cross-market currency correlations, there may be as many as – but never more than – 10 trades open at any one time, resulting in a maximum total account exposure of 5%.
Entry signals are mechanically generated, but all exits are discretionary and made manually. This means the system is only trading when Im trading.
The system trades the London session from 8am-5pm London time, however, some trades may from time to time be taken in the few hours before London open or after London close.
Not all breakouts are high volatility breakouts. For this reason the system will not jump on every move in the market and as such may miss some big moves that occur in a low volatility environment, while also avoiding false breakouts.
- 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.
This is a pay-for-performance system. Subscriptions cost $20 at the end of each
week, but only if the system has made profitable recommendations for the period.
To determine profitability, we do not look at your brokerage account, nor do
we take into consideration whether you actually placed the trades recommended here. We simply measure the system's hypothetical track
record here on the Collective2 Web site, without factoring fees or commissions. You will not be charged unless the sum of the trades during the period was profitable.
This is a short-term volatility breakout system based on breaks of short-term support and resistance levels with the aim of catching big intra-day moves in the market while minimizing the losses due to false breakouts. 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.
