Forum: Collective2 Suggestions, Feedback, Questions
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| Subject: | Suggestion to all System Providers |
| Posted by: | Mark Pey ( C2 Score: 586 ) |
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| When: | 5/24/12 (19:26) | |
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| | Hi, a friendly suggestion to all System Providers: Before you offer a system for autotrading through C2, you might consider working with C2 and contacting a few C2-approved brokers to ensure that all of the symbols you intend to trade are available, and to lay out what approvals are required for clients to trade these symbols. You should ensure there are no "translation errors" between C2 and the broker (misunderstood or unavailable symbols).
Then you could list in your system description which brokers can autotrade your system, and what approvals are required in advance.
System Providers should also be aware that there are no C2-approved brokers (I am aware of) that allow mixing forex and futures trades in one account using Gen3, so if your trades mix between those, then do not be surprised if you do not have any subscribers.
C2 might consider "certifying" certain systems for use at certain brokerages, where symbols, availability, and technical issues have been ironed out in advance. |
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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.