Forum: Collective2 Suggestions, Feedback, Questions
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| Subject: | question about billing |
| Posted by: | User Removed ( C2 Score: 982 ) |
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| When: | 5/17/12 (9:14) | |
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| | If 1)my system charges 22$ for a profitable week, 2)my system got a 15$ profit in the first week, 3)my system got another 15$ profit(total 30$ in two weeks) in the second week,
I know that subscribers would not be charged for the first week, but would subscribers be charged for the second week? Zen Fx |
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| | In response to post by User Removed of 5/17/12 (9:14) If 1)my system charges 22$ for a profitable week, 2)my system got a 15$ profit in the first week, 3)my system got another 15$ profit(total 30$ in two weeks) in the second week,
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Generally, you are correct - for "pay per profitable period" billing, customers are not charged until and unless your total Model Account profit exceeds the subscription charge (and is above any previous high-water mark).
However, my answer is complicated by the fact that there is a $100 minimum profit requirement before charging, to eliminate uncertainty and bad feelings about rounding, data/time granularities of equity calculations, etc. So I'm not sure if the very small numbers in your example ($22, $15, $30) are meant simply to illustrate your question clearly, or if they are meant as the real and specific numbers you are asking about.
As a general rule, your algorithm for billing is correct (billing happens after subscription cost is exceeded) but in real life billing won't take place if a system ekes out a $30 Model Account profit.
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| Subject: | question about billing |
| Posted by: | User Removed ( C2 Score: 982 ) |
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| When: | 5/17/12 (10:23) | |
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| | In response to post by Matthew Klein of 5/17/12 (10:09) Generally, you are correct - for "pay per profitable period" billing, customers are not charged until and unless your total Model Account profit exceeds the subscription charge (and is above any previous high-water mark)....
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Thanks for the explanation, Matthew.
Can you give an example here about the "a $100 minimum profit requirement" based on a system which charges $22 for a profitable week?
And, for that system, if the provider got $20 profit for each week in 5 consecutive weeks, would subscribers be charged for the 5th week?
Thanks again |
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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.