AlwaysAboutMoney
(133503194)
Subscription terms. Subscriptions to this system cost $100.00 per month.
C2Star
C2Star is a certification program for trading strategies. In order to become "C2Star Certified," a strategy must apply tight risk controls, and must exhibit excellent performance characteristics, including low drawdowns.
You can read more about C2Star certification requirements here.
Note that: all trading strategies are risky, and C2Star Certification does not imply that a strategy is low risk.
Trendfollowing
Tries to take advantage of long, medium or shortterm moves that seem to play out in various markets. Typically, trendfollowing analysis is backward looking; that is, it attempts to recognize and profit from alreadyestablished trends.Momentum
Aims to capitalize on the continuance of existing trends in the market. Trader takes a long position in an asset in an upward trend, and shortsells a security that has been in a downward trend. While similar to Trendfollowing, tends to be more forwardlooking (predicting oncoming trend), while Momentum is more backwardlooking (observing alreadyestablished price direction).Rate of Return Calculations
Overview
To comply with NFA regulations, we display Cumulative Rate of Return for strategies with a track record of less than one year. For strategies with longer track records, we display Annualized (Compounded) Rate of Return.
How Cumulative Rate of Return is calculated
= (Ending_equity  Starting_equity) / Starting_equity
Remember that, following NFA requirements, strategy subscription costs and estimated commissions are included in markedtomarket equity calculations.
All results are hypothetical.
Jan  Feb  Mar  Apr  May  Jun  Jul  Aug  Sep  Oct  Nov  Dec  YTD  

2021  +6.4%  +11.3%  (5.1%)  +19.7%  +4.1%  +16.8%  +5.9%  +73.0% 
Model Account Details
A trading strategy on Collective2. Follow it in your broker account, or use a free simulated trading account.
Advanced users may want to use this information to adjust their AutoTrade scaling, or merely to understand the magnitudes of the nearby chart.
Started  $50,000  
Buy Power  $29,182  
Cash  $1  
Equity  $1  
Cumulative $  $37,527  
Includes dividends and cashsettled expirations:  $289  Itemized 
Total System Equity  $87,527  
Margined  $1  
Open P/L  $8,338  
Data has been delayed by 168 hours for nonsubscribers 
System developer has asked us to delay this information by 168 hours.
Trading Record
Statistics

Strategy began1/21/2021

Suggested Minimum Cap$15,000

Strategy Age (days)185.13

Age6 months ago

What it tradesStocks

# Trades19

# Profitable13

% Profitable68.40%

Avg trade duration83.0 days

Max peaktovalley drawdown24.76%

drawdown periodFeb 09, 2021  March 04, 2021

Cumul. Return73.0%

Avg win$2,823

Avg loss$1,811
 Model Account Values (Raw)

Cash$10,081

Margin Used$0

Buying Power$29,182
 Ratios

W:L ratio3.43:1

Sharpe Ratio2.15

Sortino Ratio3.35

Calmar Ratio9.205
 CORRELATION STATISTICS

Return of Strat Pcnt  Return of SP500 Pcnt (cumu)58.53%

Correlation to SP5000.38600

Return Percent SP500 (cumu) during strategy life14.50%
 Return Statistics

Ann Return (w trading costs)188.9%
 Slump

Current Slump as Pcnt Equity0.90%
 Instruments

Percent Trades Futuresn/a
 Slump

Current Slump, time of slump as pcnt of strategy life0.01%
 Instruments

Short Options  Percent Covered100.00%
 Return Statistics

Return Pcnt (Compound or Annual, agebased, NFA compliant)0.730%
 Instruments

Percent Trades Optionsn/a

Percent Trades Stocks1.00%

Percent Trades Forexn/a
 Return Statistics

Ann Return (Compnd, No Fees)199.8%
 Risk of Ruin (MonteCarlo)

Chance of 10% account loss41.50%

Chance of 20% account loss9.00%

Chance of 30% account loss1.50%

Chance of 40% account lossn/a

Chance of 60% account loss (Monte Carlo)n/a

Chance of 70% account loss (Monte Carlo)n/a

Chance of 80% account loss (Monte Carlo)n/a

Chance of 90% account loss (Monte Carlo)n/a
 Automation

Percentage Signals Automatedn/a
 Risk of Ruin (MonteCarlo)

Chance of 50% account lossn/a
 Popularity

Popularity (Today)0

Popularity (Last 6 weeks)858
 Trading Style

Any stock shorts? 0/10
 Popularity

C2 Score829

Popularity (7 days, Percentile 1000 scale)612
 Management

No Subs Allowed Flag (1: no subs)0

Strat abandoned?0
 TradesOwnSystem Certification

Trades Own System?

TOS percentn/a
 Win / Loss

Avg Loss$1,812

Avg Win$3,701

Sum Trade PL (losers)$10,870.000
 Age

Num Months filled monthly returns table7
 Win / Loss

Sum Trade PL (winners)$48,107.000

# Winners13

Num Months Winners6
 Dividends

Dividends Received in Model Acct289
 Win / Loss

# Losers6

% Winners68.4%
 Frequency

Avg Position Time (mins)119463.00

Avg Position Time (hrs)1991.05

Avg Trade Length83.0 days

Last Trade Ago60
 Leverage

Daily leverage (average)1.50

Daily leverage (max)2.16
 Regression

Alpha0.21

Beta1.17

Treynor Index0.25
 Maximum Adverse Excursion (MAE)

MAE:Equity, average, all trades0.03

MAE:PL  worst single value for strategy

MAE:PL (avg, winning trades)

MAE:PL (avg, losing trades)

MAE:PL (avg, all trades)0.06

MAE:Equity, average, winning trades0.03

MAE:Equity, average, losing trades0.04

Avg(MAE) / Avg(PL)  All trades1.056

MAE:Equity, losing trades only, 95th Percentile Value for this strat

MAE:Equity, win trades only, 95th Percentile Value for this strat

MAE:Equity, 95th Percentile Value for this strat0.01

Avg(MAE) / Avg(PL)  Winning trades0.460

Avg(MAE) / Avg(PL)  Losing trades1.309

HoldandHope Ratio0.974
 Analysis based on MONTHLY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean1.24049

SD0.57520

Sharpe ratio (Glass type estimate)2.15664

Sharpe ratio (Hedges UMVUE)1.81319

df5.00000

t1.52497

p0.09389

Lowerbound of 95% confidence interval for Sharpe Ratio0.98918

Upperbound of 95% confidence interval for Sharpe Ratio5.13376

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.17777

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.80415
 Statistics related to Sortino ratio

Sortino ratio5.45168

Upside Potential Ratio7.07300

Upside part of mean1.60942

Downside part of mean0.36892

Upside SD0.59344

Downside SD0.22754

N nonnegative terms4.00000

N negative terms2.00000
 Statistics related to linear regression on benchmark

N of observations6.00000

Mean of predictor0.24996

Mean of criterion1.24049

SD of predictor0.09998

SD of criterion0.57520

Covariance0.03017

r0.52464

b (slope, estimate of beta)3.01834

a (intercept, estimate of alpha)0.48604

Mean Square Error0.29973

DF error4.00000

t(b)1.23254

p(b)0.14262

t(a)0.49245

p(a)0.32410

Lowerbound of 95% confidence interval for beta3.78217

Upperbound of 95% confidence interval for beta9.81886

Lowerbound of 95% confidence interval for alpha2.25482

Upperbound of 95% confidence interval for alpha3.22690

Treynor index (mean / b)0.41098

Jensen alpha (a)0.48604
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean1.05664

SD0.54939

Sharpe ratio (Glass type estimate)1.92328

Sharpe ratio (Hedges UMVUE)1.61700

df5.00000

t1.35997

p0.11597

Lowerbound of 95% confidence interval for Sharpe Ratio1.15950

Upperbound of 95% confidence interval for Sharpe Ratio4.84940

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.33043

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.56442
 Statistics related to Sortino ratio

Sortino ratio4.28237

Upside Potential Ratio5.89077

Upside part of mean1.45350

Downside part of mean0.39686

Upside SD0.53262

Downside SD0.24674

N nonnegative terms4.00000

N negative terms2.00000
 Statistics related to linear regression on benchmark

N of observations6.00000

Mean of predictor0.24291

Mean of criterion1.05664

SD of predictor0.09639

SD of criterion0.54939

Covariance0.02768

r0.52265

b (slope, estimate of beta)2.97899

a (intercept, estimate of alpha)0.33300

Mean Square Error0.27423

DF error4.00000

t(b)1.22608

p(b)0.14371

t(a)0.35164

p(a)0.37143

Lowerbound of 95% confidence interval for beta3.76825

Upperbound of 95% confidence interval for beta9.72623

Lowerbound of 95% confidence interval for alpha2.29680

Upperbound of 95% confidence interval for alpha2.96281

Treynor index (mean / b)0.35470

Jensen alpha (a)0.33300
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.15871

Expected Shortfall on VaR0.21132
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.05355

Expected Shortfall on VaR0.11439
 ORDER STATISTICS
 Quartiles of return rates

Number of observations6.00000

Minimum0.84348

Quartile 11.01792

Median1.14432

Quartile 31.22689

Maximum1.27190

Mean of quarter 10.91010

Mean of quarter 21.14155

Mean of quarter 31.14709

Mean of quarter 41.26269

Inter Quartile Range0.20897

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high0.00000

Percentage of outliers high0.00000

Mean of outliers high0.00000
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.00000

VaR(95%) (moments method)0.00000

Expected Shortfall (moments method)0.00000

Extreme Value Index (regression method)0.00000

VaR(95%) (regression method)0.00000

Expected Shortfall (regression method)0.00000
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations2.00000

Minimum0.02329

Quartile 10.05659

Median0.08990

Quartile 30.12321

Maximum0.15652

Mean of quarter 10.02329

Mean of quarter 20.00000

Mean of quarter 30.00000

Mean of quarter 40.15652

Inter Quartile Range0.06662

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high0.00000

Percentage of outliers high0.00000

Mean of outliers high0.00000
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)0.00000

VaR(95%) (moments method)0.00000

Expected Shortfall (moments method)0.00000

Extreme Value Index (regression method)0.00000

VaR(95%) (regression method)0.00000

Expected Shortfall (regression method)0.00000
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)1.43983

Compounded annual return (geometric extrapolation)1.95810

Calmar ratio (compounded annual return / max draw down)12.51040

Compounded annual return / average of 25% largest draw downs12.51040

Compounded annual return / Expected Shortfall lognormal9.26593

0.00000

0.00000
 Analysis based on DAILY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean1.13900

SD0.40196

Sharpe ratio (Glass type estimate)2.83359

Sharpe ratio (Hedges UMVUE)2.81721

df130.00000

t2.00365

p0.41346

Lowerbound of 95% confidence interval for Sharpe Ratio0.03523

Upperbound of 95% confidence interval for Sharpe Ratio5.62136

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.02433

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation5.61009
 Statistics related to Sortino ratio

Sortino ratio4.57767

Upside Potential Ratio12.41130

Upside part of mean3.08815

Downside part of mean1.94915

Upside SD0.32153

Downside SD0.24882

N nonnegative terms70.00000

N negative terms61.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.25225

Mean of criterion1.13900

SD of predictor0.13609

SD of criterion0.40196

Covariance0.02080

r0.38023

b (slope, estimate of beta)1.12313

a (intercept, estimate of alpha)0.85600

Mean Square Error0.13929

DF error129.00000

t(b)4.66935

p(b)0.26390

t(a)1.61063

p(a)0.41091

Lowerbound of 95% confidence interval for beta0.64723

Upperbound of 95% confidence interval for beta1.59903

Lowerbound of 95% confidence interval for alpha0.19545

Upperbound of 95% confidence interval for alpha1.90683

Treynor index (mean / b)1.01413

Jensen alpha (a)0.85569
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean1.05664

SD0.40140

Sharpe ratio (Glass type estimate)2.63239

Sharpe ratio (Hedges UMVUE)2.61717

df130.00000

t1.86138

p0.41944

Lowerbound of 95% confidence interval for Sharpe Ratio0.16268

Upperbound of 95% confidence interval for Sharpe Ratio5.41763

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.17283

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation5.40718
 Statistics related to Sortino ratio

Sortino ratio4.14569

Upside Potential Ratio11.91770

Upside part of mean3.03754

Downside part of mean1.98090

Upside SD0.31495

Downside SD0.25488

N nonnegative terms70.00000

N negative terms61.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.24291

Mean of criterion1.05664

SD of predictor0.13618

SD of criterion0.40140

Covariance0.02079

r0.38035

b (slope, estimate of beta)1.12112

a (intercept, estimate of alpha)0.78431

Mean Square Error0.13888

DF error129.00000

t(b)4.67104

p(b)0.26383

t(a)1.47913

p(a)0.41802

Lowerbound of 95% confidence interval for beta0.64624

Upperbound of 95% confidence interval for beta1.59600

Lowerbound of 95% confidence interval for alpha0.26480

Upperbound of 95% confidence interval for alpha1.83341

Treynor index (mean / b)0.94249

Jensen alpha (a)0.78431
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.03609

Expected Shortfall on VaR0.04599
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.01637

Expected Shortfall on VaR0.03251
 ORDER STATISTICS
 Quartiles of return rates

Number of observations131.00000

Minimum0.92315

Quartile 10.98993

Median1.00232

Quartile 31.02344

Maximum1.07151

Mean of quarter 10.97476

Mean of quarter 20.99611

Mean of quarter 31.01176

Mean of quarter 41.03541

Inter Quartile Range0.03351

Number outliers low3.00000

Percentage of outliers low0.02290

Mean of outliers low0.93146

Number of outliers high0.00000

Percentage of outliers high0.00000

Mean of outliers high0.00000
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.27196

VaR(95%) (moments method)0.02561

Expected Shortfall (moments method)0.04211

Extreme Value Index (regression method)0.13489

VaR(95%) (regression method)0.02421

Expected Shortfall (regression method)0.03546
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations7.00000

Minimum0.02178

Quartile 10.02753

Median0.04330

Quartile 30.12377

Maximum0.21272

Mean of quarter 10.02458

Mean of quarter 20.03549

Mean of quarter 30.09098

Mean of quarter 40.18464

Inter Quartile Range0.09624

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high0.00000

Percentage of outliers high0.00000

Mean of outliers high0.00000
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)0.00000

VaR(95%) (moments method)0.00000

Expected Shortfall (moments method)0.00000

Extreme Value Index (regression method)0.00000

VaR(95%) (regression method)0.00000

Expected Shortfall (regression method)0.00000
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)1.43983

Compounded annual return (geometric extrapolation)1.95810

Calmar ratio (compounded annual return / max draw down)9.20504

Compounded annual return / average of 25% largest draw downs10.60480

Compounded annual return / Expected Shortfall lognormal42.58030

0.00000

0.00000
 Analysis based on DAILY values, last 6 months only
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean1.13900

SD0.40196

Sharpe ratio (Glass type estimate)2.83359

Sharpe ratio (Hedges UMVUE)2.81721

df130.00000

t2.00365

p0.41346

Lowerbound of 95% confidence interval for Sharpe Ratio0.03523

Upperbound of 95% confidence interval for Sharpe Ratio5.62136

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.02433

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation5.61009
 Statistics related to Sortino ratio

Sortino ratio4.57767

Upside Potential Ratio12.41130

Upside part of mean3.08815

Downside part of mean1.94915

Upside SD0.32153

Downside SD0.24882

N nonnegative terms70.00000

N negative terms61.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.25225

Mean of criterion1.13900

SD of predictor0.13609

SD of criterion0.40196

Covariance0.02080

r0.38023

b (slope, estimate of beta)1.12313

a (intercept, estimate of alpha)0.85569

Mean Square Error0.13929

DF error129.00000

t(b)4.66935

p(b)0.26390

t(a)1.61063

p(a)0.41091

Lowerbound of 95% confidence interval for beta0.64723

Upperbound of 95% confidence interval for beta1.59903

Lowerbound of 95% confidence interval for alpha0.19545

Upperbound of 95% confidence interval for alpha1.90683

Treynor index (mean / b)1.01413

Jensen alpha (a)0.85569
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean1.05664

SD0.40140

Sharpe ratio (Glass type estimate)2.63239

Sharpe ratio (Hedges UMVUE)2.61717

df130.00000

t1.86138

p0.41944

Lowerbound of 95% confidence interval for Sharpe Ratio0.16268

Upperbound of 95% confidence interval for Sharpe Ratio5.41763

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.17283

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation5.40718
 Statistics related to Sortino ratio

Sortino ratio4.14569

Upside Potential Ratio11.91770

Upside part of mean3.03754

Downside part of mean1.98090

Upside SD0.31495

Downside SD0.25488

N nonnegative terms70.00000

N negative terms61.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.24291

Mean of criterion1.05664

SD of predictor0.13618

SD of criterion0.40140

Covariance0.02079

r0.38035

b (slope, estimate of beta)1.12112

a (intercept, estimate of alpha)0.78431

Mean Square Error0.13888

DF error129.00000

t(b)4.67104

p(b)0.26383

t(a)1.47913

p(a)0.41802

VAR (95 Confidence Intrvl)0.03600

Lowerbound of 95% confidence interval for beta0.64624

Upperbound of 95% confidence interval for beta1.59600

Lowerbound of 95% confidence interval for alpha0.26480

Upperbound of 95% confidence interval for alpha1.83341

Treynor index (mean / b)0.94249

Jensen alpha (a)0.78431
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.03609

Expected Shortfall on VaR0.04599
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.01637

Expected Shortfall on VaR0.03251
 ORDER STATISTICS
 Quartiles of return rates

Number of observations131.00000

Minimum0.92315

Quartile 10.98993

Median1.00232

Quartile 31.02344

Maximum1.07151

Mean of quarter 10.97476

Mean of quarter 20.99611

Mean of quarter 31.01176

Mean of quarter 41.03541

Inter Quartile Range0.03351

Number outliers low3.00000

Percentage of outliers low0.02290

Mean of outliers low0.93146

Number of outliers high0.00000

Percentage of outliers high0.00000

Mean of outliers high0.00000
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.27196

VaR(95%) (moments method)0.02561

Expected Shortfall (moments method)0.04211

Extreme Value Index (regression method)0.13489

VaR(95%) (regression method)0.02421

Expected Shortfall (regression method)0.03546
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations7.00000

Minimum0.02178

Quartile 10.02753

Median0.04330

Quartile 30.12377

Maximum0.21272

Mean of quarter 10.02458

Mean of quarter 20.03549

Mean of quarter 30.09098

Mean of quarter 40.18464

Inter Quartile Range0.09624

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high0.00000

Percentage of outliers high0.00000

Mean of outliers high0.00000
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)0.00000

VaR(95%) (moments method)0.00000

Expected Shortfall (moments method)0.00000

Extreme Value Index (regression method)0.00000

VaR(95%) (regression method)0.00000

Last 4 Months  Pcnt Negativen/a

Expected Shortfall (regression method)0.00000

Strat Max DD how much worse than SP500 max DD during strat life?319660000

Max Equity Drawdown (num days)23
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)1.43983

Compounded annual return (geometric extrapolation)1.95810

Calmar ratio (compounded annual return / max draw down)9.20504

Compounded annual return / average of 25% largest draw downs10.60480

Compounded annual return / Expected Shortfall lognormal42.58030
Strategy Description
Most values on this page (including the Strategy Equity Chart, above) have been adjusted by estimated trading commissions and subscription costs.
Some advanced users find it useful to see "raw" Model Account values. These numbers do not include any commissions, fees, subscription costs, or dividend actions.
Strategy developers can "archive" strategies at any time. This means the strategy Model Account is reset to its initial level and the trade list cleared. However, all archived track records are permanently preserved for evaluation by potential subscribers.
About the results you see on this Web site
Past results are not necessarily indicative of future results.
These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have underor overcompensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.
In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
Material assumptions and methods used when calculating results
The following are material assumptions used when calculating any hypothetical monthly results that appear on our web site.
 Profits are reinvested. We assume profits (when there are profits) are reinvested in the trading strategy.
 Starting investment size. For any trading strategy on our site, hypothetical results are based on the assumption that you invested the starting amount shown on the strategy's performance chart. In some cases, nominal dollar amounts on the equity chart have been rescaled downward to make current goforward trading sizes more manageable. In these cases, it may not have been possible to trade the strategy historically at the equity levels shown on the chart, and a higher minimum capital was required in the past.
 All fees are included. When calculating cumulative returns, we try to estimate and include all the fees a typical trader incurs when AutoTrading using AutoTrade technology. This includes the subscription cost of the strategy, plus any pertrade AutoTrade fees, plus estimated broker commissions if any.
 "Max Drawdown" Calculation Method. We calculate the Max Drawdown statistic as follows. Our computer software looks at the equity chart of the system in question and finds the largest percentage amount that the equity chart ever declines from a local "peak" to a subsequent point in time (thus this is formally called "Maximum Peak to Valley Drawdown.") While this is useful information when evaluating trading systems, you should keep in mind that past performance does not guarantee future results. Therefore, future drawdowns may be larger than the historical maximum drawdowns you see here.
Trading is risky
There is a substantial risk of loss in futures and forex trading. Online trading of stocks and options is extremely risky. Assume you will lose money. Don't trade with money you cannot afford to lose.
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Suggested Minimum Capital
This is our estimate of the minimum amount of capital to follow a strategy, assuming you use the smallest reasonable AutoTrade Scaling % for the strategy.