Forum: Collective2 Suggestions, Feedback, Questions
Hello, I am a new system developer here.
My system is a high frequency system to trade ES futures. The typical target/stop loss level is not big, e.g. 4-10 points. As such, commissions will impact the performance considerably.
I am surprised that C2 applies commissions of almost $7 on each trip. This is far higher than what a retail trader can expect to pay, at discount broker, say IB which charge only $2 per trip. With higher volume, they charge me only about $1.6 per trip per contract.
The real life profit generated from my own real brokerage account is higher than what is reflected in C2.
There is no way high frequency system will "do well" in this website if the commission is still $7 per trip!!
Will C2 consider revising the commissions on this website?
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What is the C2 Score?
Collective2 rates every trading advisor 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 trader will be rated more highly than a trader with erratic results.