IRA Program
(127780145)
Subscription terms. Subscriptions to this system cost $49.00 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.Shortterm Reversal
Exploits the tendency of stocks with strong gains and stocks with strong losses to reverse in a shortterm time frame (up to one month).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 Annualized (Compounded) Rate of Return is calculated
= ((Ending_equity / Starting_equity) ^ (1 / age_in_years))  1
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  

2020  (1.4%)  (7.5%)  +7.1%  (1.8%)  +5.5%  +16.0%  +13.1%  (11.3%)  (8.3%)  +17.3%  +10.7%  +40.3%  
2021  (4.7%)  +3.3%  +7.4%  +9.5%    +5.2%  +4.7%  +0.7%  (3.9%)  +23.3% 
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  $25,000  
Buy Power  $23,234  
Cash  $1  
Equity  $1  
Cumulative $  $19,949  
Includes dividends and cashsettled expirations:  $151  Itemized 
Total System Equity  $44,949  
Margined  $1  
Open P/L  $14,755  
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 began2/28/2020

Suggested Minimum Cap$15,000

Strategy Age (days)575.3

Age19 months ago

What it tradesStocks

# Trades14

# Profitable8

% Profitable57.10%

Avg trade duration157.9 days

Max peaktovalley drawdown38.39%

drawdown periodMarch 09, 2020  March 18, 2020

Annual Return (Compounded)41.3%

Avg win$2,285

Avg loss$1,309
 Model Account Values (Raw)

Cash$9,076

Margin Used$0

Buying Power$23,234
 Ratios

W:L ratio2.37:1

Sharpe Ratio1.08

Sortino Ratio1.49

Calmar Ratio1.406
 CORRELATION STATISTICS

Return of Strat Pcnt  Return of SP500 Pcnt (cumu)22.17%

Correlation to SP5000.38840

Return Percent SP500 (cumu) during strategy life50.82%
 Return Statistics

Ann Return (w trading costs)41.3%
 Slump

Current Slump as Pcnt Equity5.80%
 Instruments

Percent Trades Futuresn/a
 Slump

Current Slump, time of slump as pcnt of strategy life0.04%
 Instruments

Short Options  Percent Covered100.00%
 Return Statistics

Return Pcnt (Compound or Annual, agebased, NFA compliant)0.413%
 Instruments

Percent Trades Optionsn/a

Percent Trades Stocks1.00%

Percent Trades Forexn/a
 Return Statistics

Ann Return (Compnd, No Fees)45.0%
 Risk of Ruin (MonteCarlo)

Chance of 10% account loss44.50%

Chance of 20% account loss15.00%

Chance of 30% account loss0.50%

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)537

Popularity (Last 6 weeks)828
 Trading Style

Any stock shorts? 0/11
 Popularity

C2 Score294

Popularity (7 days, Percentile 1000 scale)486
 Management

No Subs Allowed Flag (1: no subs)0

Strat abandoned?0
 TradesOwnSystem Certification

Trades Own System?

TOS percentn/a
 Win / Loss

Avg Loss$1,310

Avg Win$3,457

Sum Trade PL (losers)$7,858.000
 Age

Num Months filled monthly returns table20
 Win / Loss

Sum Trade PL (winners)$27,656.000

# Winners8

Num Months Winners13
 Dividends

Dividends Received in Model Acct152
 Win / Loss

# Losers6

% Winners57.1%
 Frequency

Avg Position Time (mins)227349.00

Avg Position Time (hrs)3789.15

Avg Trade Length157.9 days

Last Trade Ago25
 Leverage

Daily leverage (average)2.20

Daily leverage (max)2.90
 Regression

Alpha0.07

Beta0.41

Treynor Index0.26
 Maximum Adverse Excursion (MAE)

MAE:Equity, average, all trades0.05

MAE:PL  worst single value for strategy

MAE:PL (avg, winning trades)

MAE:PL (avg, losing trades)

MAE:PL (avg, all trades)0.28

MAE:Equity, average, winning trades0.03

MAE:Equity, average, losing trades0.07

Avg(MAE) / Avg(PL)  All trades1.427

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 strat0.02

Avg(MAE) / Avg(PL)  Winning trades0.306

Avg(MAE) / Avg(PL)  Losing trades1.482

HoldandHope Ratio1.097
 Analysis based on MONTHLY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean0.44801

SD0.29999

Sharpe ratio (Glass type estimate)1.49342

Sharpe ratio (Hedges UMVUE)1.42638

df17.00000

t1.82905

p0.24911

Lowerbound of 95% confidence interval for Sharpe Ratio0.20253

Upperbound of 95% confidence interval for Sharpe Ratio3.14958

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.24420

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.09696
 Statistics related to Sortino ratio

Sortino ratio3.34890

Upside Potential Ratio5.02421

Upside part of mean0.67213

Downside part of mean0.22412

Upside SD0.28952

Downside SD0.13378

N nonnegative terms13.00000

N negative terms5.00000
 Statistics related to linear regression on benchmark

N of observations18.00000

Mean of predictor0.28063

Mean of criterion0.44801

SD of predictor0.20250

SD of criterion0.29999

Covariance0.04627

r0.76170

b (slope, estimate of beta)1.12841

a (intercept, estimate of alpha)0.13134

Mean Square Error0.04014

DF error16.00000

t(b)4.70243

p(b)0.11915

t(a)0.74244

p(a)0.40875

Lowerbound of 95% confidence interval for beta0.61971

Upperbound of 95% confidence interval for beta1.63711

Lowerbound of 95% confidence interval for alpha0.24368

Upperbound of 95% confidence interval for alpha0.50636

Treynor index (mean / b)0.39703

Jensen alpha (a)0.13134
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.39964

SD0.28809

Sharpe ratio (Glass type estimate)1.38717

Sharpe ratio (Hedges UMVUE)1.32490

df17.00000

t1.69893

p0.26347

Lowerbound of 95% confidence interval for Sharpe Ratio0.29739

Upperbound of 95% confidence interval for Sharpe Ratio3.03435

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.33621

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation2.98602
 Statistics related to Sortino ratio

Sortino ratio2.85787

Upside Potential Ratio4.52465

Upside part of mean0.63271

Downside part of mean0.23308

Upside SD0.26859

Downside SD0.13984

N nonnegative terms13.00000

N negative terms5.00000
 Statistics related to linear regression on benchmark

N of observations18.00000

Mean of predictor0.25788

Mean of criterion0.39964

SD of predictor0.20134

SD of criterion0.28809

Covariance0.04377

r0.75462

b (slope, estimate of beta)1.07976

a (intercept, estimate of alpha)0.12118

Mean Square Error0.03797

DF error16.00000

t(b)4.60026

p(b)0.12269

t(a)0.71192

p(a)0.41239

Lowerbound of 95% confidence interval for beta0.58218

Upperbound of 95% confidence interval for beta1.57733

Lowerbound of 95% confidence interval for alpha0.23967

Upperbound of 95% confidence interval for alpha0.48204

Treynor index (mean / b)0.37012

Jensen alpha (a)0.12118
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.09832

Expected Shortfall on VaR0.12870
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.02857

Expected Shortfall on VaR0.06245
 ORDER STATISTICS
 Quartiles of return rates

Number of observations18.00000

Minimum0.88966

Quartile 10.98596

Median1.03813

Quartile 31.06245

Maximum1.21029

Mean of quarter 10.93509

Mean of quarter 21.02725

Mean of quarter 31.05093

Mean of quarter 41.14515

Inter Quartile Range0.07650

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.05556

Mean of outliers high1.21029
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)5.37513

VaR(95%) (moments method)0.05469

Expected Shortfall (moments method)0.05470

Extreme Value Index (regression method)0.69937

VaR(95%) (regression method)0.10213

Expected Shortfall (regression method)0.11687
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations4.00000

Minimum0.02352

Quartile 10.04294

Median0.05557

Quartile 30.09157

Maximum0.18110

Mean of quarter 10.02352

Mean of quarter 20.04942

Mean of quarter 30.06173

Mean of quarter 40.18110

Inter Quartile Range0.04863

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.25000

Mean of outliers high0.18110
 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)0.59932

Compounded annual return (geometric extrapolation)0.53348

Calmar ratio (compounded annual return / max draw down)2.94578

Compounded annual return / average of 25% largest draw downs2.94578

Compounded annual return / Expected Shortfall lognormal4.14506

0.00000

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

Mean0.39939

SD0.29468

Sharpe ratio (Glass type estimate)1.35535

Sharpe ratio (Hedges UMVUE)1.35285

df407.00000

t1.69134

p0.04577

Lowerbound of 95% confidence interval for Sharpe Ratio0.21879

Upperbound of 95% confidence interval for Sharpe Ratio2.92794

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.22051

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation2.92621
 Statistics related to Sortino ratio

Sortino ratio1.89434

Upside Potential Ratio8.68948

Upside part of mean1.83205

Downside part of mean1.43265

Upside SD0.20683

Downside SD0.21083

N nonnegative terms247.00000

N negative terms161.00000
 Statistics related to linear regression on benchmark

N of observations408.00000

Mean of predictor0.27626

Mean of criterion0.39939

SD of predictor0.28258

SD of criterion0.29468

Covariance0.03193

r0.38351

b (slope, estimate of beta)0.39992

a (intercept, estimate of alpha)0.28900

Mean Square Error0.07425

DF error406.00000

t(b)8.36719

p(b)0.00000

t(a)1.32072

p(a)0.09367

Lowerbound of 95% confidence interval for beta0.30596

Upperbound of 95% confidence interval for beta0.49388

Lowerbound of 95% confidence interval for alpha0.14112

Upperbound of 95% confidence interval for alpha0.71894

Treynor index (mean / b)0.99868

Jensen alpha (a)0.28891
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.35549

SD0.29620

Sharpe ratio (Glass type estimate)1.20017

Sharpe ratio (Hedges UMVUE)1.19796

df407.00000

t1.49769

p0.06749

Lowerbound of 95% confidence interval for Sharpe Ratio0.37330

Upperbound of 95% confidence interval for Sharpe Ratio2.77224

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.37481

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation2.77072
 Statistics related to Sortino ratio

Sortino ratio1.64475

Upside Potential Ratio8.37874

Upside part of mean1.81097

Downside part of mean1.45547

Upside SD0.20319

Downside SD0.21614

N nonnegative terms247.00000

N negative terms161.00000
 Statistics related to linear regression on benchmark

N of observations408.00000

Mean of predictor0.23595

Mean of criterion0.35549

SD of predictor0.28447

SD of criterion0.29620

Covariance0.03272

r0.38831

b (slope, estimate of beta)0.40432

a (intercept, estimate of alpha)0.26009

Mean Square Error0.07469

DF error406.00000

t(b)8.49041

p(b)0.00000

t(a)1.18605

p(a)0.11815

Lowerbound of 95% confidence interval for beta0.31071

Upperbound of 95% confidence interval for beta0.49794

Lowerbound of 95% confidence interval for alpha0.17100

Upperbound of 95% confidence interval for alpha0.69118

Treynor index (mean / b)0.87923

Jensen alpha (a)0.26009
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.02833

Expected Shortfall on VaR0.03571
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.01058

Expected Shortfall on VaR0.02289
 ORDER STATISTICS
 Quartiles of return rates

Number of observations408.00000

Minimum0.89642

Quartile 10.99469

Median1.00227

Quartile 31.01074

Maximum1.07494

Mean of quarter 10.97965

Mean of quarter 20.99918

Mean of quarter 31.00607

Mean of quarter 41.02163

Inter Quartile Range0.01605

Number outliers low23.00000

Percentage of outliers low0.05637

Mean of outliers low0.95622

Number of outliers high11.00000

Percentage of outliers high0.02696

Mean of outliers high1.05032
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.30491

VaR(95%) (moments method)0.01745

Expected Shortfall (moments method)0.03122

Extreme Value Index (regression method)0.08152

VaR(95%) (regression method)0.01958

Expected Shortfall (regression method)0.02726
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations23.00000

Minimum0.00059

Quartile 10.00487

Median0.01675

Quartile 30.04177

Maximum0.33228

Mean of quarter 10.00248

Mean of quarter 20.01101

Mean of quarter 30.03163

Mean of quarter 40.13746

Inter Quartile Range0.03691

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high3.00000

Percentage of outliers high0.13043

Mean of outliers high0.22054
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)0.52943

VaR(95%) (moments method)0.14525

Expected Shortfall (moments method)0.35298

Extreme Value Index (regression method)1.36713

VaR(95%) (regression method)0.17613

Expected Shortfall (regression method)0.00000
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.52448

Compounded annual return (geometric extrapolation)0.46726

Calmar ratio (compounded annual return / max draw down)1.40625

Compounded annual return / average of 25% largest draw downs3.39936

Compounded annual return / Expected Shortfall lognormal13.08380

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

Mean0.39717

SD0.12185

Sharpe ratio (Glass type estimate)3.25948

Sharpe ratio (Hedges UMVUE)3.24064

df130.00000

t2.30480

p0.40093

Lowerbound of 95% confidence interval for Sharpe Ratio0.45353

Upperbound of 95% confidence interval for Sharpe Ratio6.05337

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.44098

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation6.04029
 Statistics related to Sortino ratio

Sortino ratio5.14091

Upside Potential Ratio12.03500

Upside part of mean0.92978

Downside part of mean0.53261

Upside SD0.09679

Downside SD0.07726

N nonnegative terms83.00000

N negative terms48.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.23954

Mean of criterion0.39717

SD of predictor0.10886

SD of criterion0.12185

Covariance0.00833

r0.62763

b (slope, estimate of beta)0.70253

a (intercept, estimate of alpha)0.22888

Mean Square Error0.00907

DF error129.00000

t(b)9.15651

p(b)0.12849

t(a)1.68392

p(a)0.40697

Lowerbound of 95% confidence interval for beta0.55073

Upperbound of 95% confidence interval for beta0.85433

Lowerbound of 95% confidence interval for alpha0.04004

Upperbound of 95% confidence interval for alpha0.49781

Treynor index (mean / b)0.56534

Jensen alpha (a)0.22888
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.38947

SD0.12175

Sharpe ratio (Glass type estimate)3.19900

Sharpe ratio (Hedges UMVUE)3.18051

df130.00000

t2.26203

p0.40270

Lowerbound of 95% confidence interval for Sharpe Ratio0.39408

Upperbound of 95% confidence interval for Sharpe Ratio5.99198

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.38187

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation5.97915
 Statistics related to Sortino ratio

Sortino ratio5.00192

Upside Potential Ratio11.88010

Upside part of mean0.92505

Downside part of mean0.53557

Upside SD0.09605

Downside SD0.07786

N nonnegative terms83.00000

N negative terms48.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.23353

Mean of criterion0.38947

SD of predictor0.10884

SD of criterion0.12175

Covariance0.00832

r0.62808

b (slope, estimate of beta)0.70255

a (intercept, estimate of alpha)0.22540

Mean Square Error0.00904

DF error129.00000

t(b)9.16741

p(b)0.12827

t(a)1.66124

p(a)0.40819

VAR (95 Confidence Intrvl)0.02800

Lowerbound of 95% confidence interval for beta0.55093

Upperbound of 95% confidence interval for beta0.85418

Lowerbound of 95% confidence interval for alpha0.04305

Upperbound of 95% confidence interval for alpha0.49386

Treynor index (mean / b)0.55437

Jensen alpha (a)0.22540
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.01083

Expected Shortfall on VaR0.01393
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00374

Expected Shortfall on VaR0.00815
 ORDER STATISTICS
 Quartiles of return rates

Number of observations131.00000

Minimum0.97572

Quartile 10.99815

Median1.00182

Quartile 31.00634

Maximum1.03208

Mean of quarter 10.99252

Mean of quarter 21.00007

Mean of quarter 31.00366

Mean of quarter 41.01030

Inter Quartile Range0.00818

Number outliers low5.00000

Percentage of outliers low0.03817

Mean of outliers low0.98145

Number of outliers high1.00000

Percentage of outliers high0.00763

Mean of outliers high1.03208
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.11318

VaR(95%) (moments method)0.00574

Expected Shortfall (moments method)0.00872

Extreme Value Index (regression method)0.13324

VaR(95%) (regression method)0.00779

Expected Shortfall (regression method)0.01248
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations13.00000

Minimum0.00047

Quartile 10.00340

Median0.00699

Quartile 30.02794

Maximum0.04649

Mean of quarter 10.00155

Mean of quarter 20.00558

Mean of quarter 30.01747

Mean of quarter 40.04334

Inter Quartile Range0.02454

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)11.20420

VaR(95%) (moments method)0.04119

Expected Shortfall (moments method)0.04119

Extreme Value Index (regression method)3.11948

VaR(95%) (regression method)0.05724

Last 4 Months  Pcnt Negative0.25%

Expected Shortfall (regression method)0.05734

Strat Max DD how much worse than SP500 max DD during strat life?364848000

Max Equity Drawdown (num days)9
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.46413

Compounded annual return (geometric extrapolation)0.51798

Calmar ratio (compounded annual return / max draw down)11.14240

Compounded annual return / average of 25% largest draw downs11.95040

Compounded annual return / Expected Shortfall lognormal37.19340
Strategy Description
Multiasset, multistrategy, onestop portfolio, 100% nondiscretionary (we do what the system says we should, period).
Stocks, bonds, gold, real estate, cash.
Trend following, mean reversion, long, short (shorting is achieved with inverse ETF's, not actually shorting).
NO margin required. IRA accounts should be Ok.
Backtests from 2000 to 2019:
2000 24%
2001 37%
2002 56%
2003 49%
2004 28%
2005 7%
2006 40%
2007 18%
2008 24%
2009 25%
2010 69%
2011 14%
2012 34%
2013 31%
2014 43%
2015 9%
2016 42%
2017 37%
2018 6%
2019 60%
Note: Backtesting data is hypothetical and it has not been verified by C2.
Additional backtesting info: 31% CAGR (20002019), maximum monthendtomonthend drawdown 19%, 1.37 Sharpe Ratio, 2+ Sortino Ratio, maximum period in a drawdown 16 months.
Note: Backtesting data is hypothetical and it has not been verified by C2.
Note: This portfolio of strategies trades once a month only with limited daily stops. For example, some daily stops would have been hit on Black Monday (October 19, 1987). Other than that, trades are limited to once a month. "The secret is being as short term or as long term as you can stand, depending on your trading style."  Richard Dennis, quoted in Market Wizards
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.
Not available
This feature isn't available under your current Trade Leader Plan.
Strategy is now visible
This strategy is now visible to the public. New subscribers will be able to follow it.
If you designate your strategy as Private, it will no longer be visible to the public.
No subscribers and simulations will be allowed. If you have subscribers, the strategy will still be visible to them.
If you have simulations, they will be stopped.
Continue to designate your strategy as Private?
Strategy is no longer visible
This strategy is no longer visible to anyone except current subscribers.
(Current subscribers will remain subscribed. You can see who is subscribed, and control their subscriptions, on your Subscriber Management screen.)
Finally, please note that you can restore public visibility at any time.
This strategy is no longer visible to the public. No subscribers will be allowed.
You can restore public visibility at any time.
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.