NQ Positional
(128871252)
Subscription terms. Subscriptions to this system cost $149.00 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
Buys when price goes up, and sells when price goes down, expecting price movements to continue. There are a number of different techniques and timeframes used, including moving averages and channel breakouts. Traders do not aim to forecast specific price levels; they simply jump on a trend and ride it. Typically, trendfollowing analysis is backward looking; that is, it attempts to recognize and profit from alreadyestablished trends.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  +2.3%  +9.0%  +30.8%  +19.1%  +2.2%  +5.7%  +6.8%  +3.5%  +107.2%  
2021    (0.6%)  (0.7%)  +9.6%  (6.1%)  +20.6%  +8.0%  +2.2%  (0.8%)  +34.0% 
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  $45,000  
Buy Power  $116,895  
Cash  $124,507  
Equity  $4,238  
Cumulative $  $83,745  
Total System Equity  $128,745  
Margined  $11,850  
Open P/L  $4,238 
Trading Record
Statistics

Strategy began5/5/2020

Suggested Minimum Cap$100,000

Strategy Age (days)508.75

Age17 months ago

What it tradesFutures

# Trades74

# Profitable37

% Profitable50.00%

Avg trade duration4.2 days

Max peaktovalley drawdown13.79%

drawdown periodApril 18, 2021  June 07, 2021

Annual Return (Compounded)107.2%

Avg win$3,903

Avg loss$1,640
 Model Account Values (Raw)

Cash$124,507

Margin Used$11,850

Buying Power$116,895
 Ratios

W:L ratio2.38:1

Sharpe Ratio2.64

Sortino Ratio4.43

Calmar Ratio9.902
 CORRELATION STATISTICS

Return of Strat Pcnt  Return of SP500 Pcnt (cumu)122.29%

Correlation to SP5000.32180

Return Percent SP500 (cumu) during strategy life55.33%
 Return Statistics

Ann Return (w trading costs)107.2%
 Slump

Current Slump as Pcnt Equity3.90%
 Instruments

Percent Trades Futures1.00%
 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)1.072%
 Instruments

Percent Trades Optionsn/a

Percent Trades Stocksn/a

Percent Trades Forexn/a
 Return Statistics

Ann Return (Compnd, No Fees)112.3%
 Risk of Ruin (MonteCarlo)

Chance of 10% account loss18.50%

Chance of 20% account loss3.00%

Chance of 30% account lossn/a

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 Automated97.65%
 Risk of Ruin (MonteCarlo)

Chance of 50% account lossn/a
 Popularity

Popularity (Today)993

Popularity (Last 6 weeks)992
 Trading Style

Any stock shorts? 0/10
 Popularity

C2 Score999

Popularity (7 days, Percentile 1000 scale)989
 Management

No Subs Allowed Flag (1: no subs)0

Strat abandoned?0
 TradesOwnSystem Certification

Trades Own System?

TOS percentn/a
 Win / Loss

Avg Loss$1,640

Avg Win$3,904

Sum Trade PL (losers)$60,685.000
 AUM

AUM (AutoTrader num accounts)10
 Age

Num Months filled monthly returns table17
 Win / Loss

Sum Trade PL (winners)$144,431.000

# Winners37

Num Months Winners13
 Dividends

Dividends Received in Model Acct0
 AUM

AUM (AutoTrader live capital)1376270
 Win / Loss

# Losers37

% Winners50.0%
 Frequency

Avg Position Time (mins)5983.73

Avg Position Time (hrs)99.73

Avg Trade Length4.2 days

Last Trade Ago2
 Leverage

Daily leverage (average)2.67

Daily leverage (max)5.93
 Regression

Alpha0.17

Beta0.48

Treynor Index0.43
 Maximum Adverse Excursion (MAE)

MAE:Equity, average, all trades0.01

MAE:PL  worst single value for strategy

MAE:PL (avg, winning trades)

MAE:PL (avg, losing trades)

MAE:PL (avg, all trades)0.11

MAE:Equity, average, winning trades0.01

MAE:Equity, average, losing trades0.02

Avg(MAE) / Avg(PL)  All trades0.902

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 trades0.117

Avg(MAE) / Avg(PL)  Losing trades0.910

HoldandHope Ratio1.160
 Analysis based on MONTHLY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean0.85620

SD0.31007

Sharpe ratio (Glass type estimate)2.76132

Sharpe ratio (Hedges UMVUE)2.62051

df15.00000

t3.18850

p0.12457

Lowerbound of 95% confidence interval for Sharpe Ratio0.76731

Upperbound of 95% confidence interval for Sharpe Ratio4.68670

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.68133

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.55969
 Statistics related to Sortino ratio

Sortino ratio12.26670

Upside Potential Ratio13.66430

Upside part of mean0.95375

Downside part of mean0.09755

Upside SD0.38256

Downside SD0.06980

N nonnegative terms13.00000

N negative terms3.00000
 Statistics related to linear regression on benchmark

N of observations16.00000

Mean of predictor0.32098

Mean of criterion0.85620

SD of predictor0.09381

SD of criterion0.31007

Covariance0.01085

r0.37288

b (slope, estimate of beta)1.23251

a (intercept, estimate of alpha)0.46059

Mean Square Error0.08869

DF error14.00000

t(b)1.50364

p(b)0.31356

t(a)1.25017

p(a)0.34155

Lowerbound of 95% confidence interval for beta0.52553

Upperbound of 95% confidence interval for beta2.99055

Lowerbound of 95% confidence interval for alpha0.32960

Upperbound of 95% confidence interval for alpha1.25079

Treynor index (mean / b)0.69468

Jensen alpha (a)0.46059
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.78670

SD0.28547

Sharpe ratio (Glass type estimate)2.75579

Sharpe ratio (Hedges UMVUE)2.61526

df15.00000

t3.18211

p0.12494

Lowerbound of 95% confidence interval for Sharpe Ratio0.76279

Upperbound of 95% confidence interval for Sharpe Ratio4.68020

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.67699

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.55353
 Statistics related to Sortino ratio

Sortino ratio10.97580

Upside Potential Ratio12.36880

Upside part of mean0.88655

Downside part of mean0.09984

Upside SD0.35048

Downside SD0.07168

N nonnegative terms13.00000

N negative terms3.00000
 Statistics related to linear regression on benchmark

N of observations16.00000

Mean of predictor0.31217

Mean of criterion0.78670

SD of predictor0.09067

SD of criterion0.28547

Covariance0.01031

r0.39848

b (slope, estimate of beta)1.25457

a (intercept, estimate of alpha)0.39507

Mean Square Error0.07345

DF error14.00000

t(b)1.62561

p(b)0.30076

t(a)1.17458

p(a)0.35024

Lowerbound of 95% confidence interval for beta0.40068

Upperbound of 95% confidence interval for beta2.90982

Lowerbound of 95% confidence interval for alpha0.32632

Upperbound of 95% confidence interval for alpha1.11646

Treynor index (mean / b)0.62707

Jensen alpha (a)0.39507
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.06760

Expected Shortfall on VaR0.09874
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00847

Expected Shortfall on VaR0.02232
 ORDER STATISTICS
 Quartiles of return rates

Number of observations16.00000

Minimum0.93529

Quartile 11.01182

Median1.06818

Quartile 31.11662

Maximum1.24304

Mean of quarter 10.97168

Mean of quarter 21.04202

Mean of quarter 31.07941

Mean of quarter 41.20160

Inter Quartile Range0.10480

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)0.80668

VaR(95%) (regression method)0.04718

Expected Shortfall (regression method)0.05741
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations2.00000

Minimum0.05753

Quartile 10.05933

Median0.06112

Quartile 30.06291

Maximum0.06471

Mean of quarter 10.05753

Mean of quarter 20.00000

Mean of quarter 30.00000

Mean of quarter 40.06471

Inter Quartile Range0.00359

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)1.47212

Compounded annual return (geometric extrapolation)1.25829

Calmar ratio (compounded annual return / max draw down)19.44600

Compounded annual return / average of 25% largest draw downs19.44600

Compounded annual return / Expected Shortfall lognormal12.74300

0.00000

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

Mean0.76599

SD0.24401

Sharpe ratio (Glass type estimate)3.13917

Sharpe ratio (Hedges UMVUE)3.13263

df360.00000

t3.68483

p0.00013

Lowerbound of 95% confidence interval for Sharpe Ratio1.45165

Upperbound of 95% confidence interval for Sharpe Ratio4.82245

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.44730

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.81796
 Statistics related to Sortino ratio

Sortino ratio5.65839

Upside Potential Ratio12.84190

Upside part of mean1.73844

Downside part of mean0.97245

Upside SD0.20806

Downside SD0.13537

N nonnegative terms179.00000

N negative terms182.00000
 Statistics related to linear regression on benchmark

N of observations361.00000

Mean of predictor0.30490

Mean of criterion0.76599

SD of predictor0.16111

SD of criterion0.24401

Covariance0.01227

r0.31220

b (slope, estimate of beta)0.47284

a (intercept, estimate of alpha)0.62200

Mean Square Error0.05389

DF error359.00000

t(b)6.22654

p(b)0.00000

t(a)3.12298

p(a)0.00097

Lowerbound of 95% confidence interval for beta0.32349

Upperbound of 95% confidence interval for beta0.62218

Lowerbound of 95% confidence interval for alpha0.23025

Upperbound of 95% confidence interval for alpha1.01340

Treynor index (mean / b)1.62000

Jensen alpha (a)0.62182
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.73543

SD0.24239

Sharpe ratio (Glass type estimate)3.03413

Sharpe ratio (Hedges UMVUE)3.02780

df360.00000

t3.56153

p0.00021

Lowerbound of 95% confidence interval for Sharpe Ratio1.34772

Upperbound of 95% confidence interval for Sharpe Ratio4.71646

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.34349

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.71211
 Statistics related to Sortino ratio

Sortino ratio5.35559

Upside Potential Ratio12.50450

Upside part of mean1.71711

Downside part of mean0.98169

Upside SD0.20444

Downside SD0.13732

N nonnegative terms179.00000

N negative terms182.00000
 Statistics related to linear regression on benchmark

N of observations361.00000

Mean of predictor0.29169

Mean of criterion0.73543

SD of predictor0.16176

SD of criterion0.24239

Covariance0.01223

r0.31198

b (slope, estimate of beta)0.46749

a (intercept, estimate of alpha)0.59907

Mean Square Error0.05318

DF error359.00000

t(b)6.22163

p(b)0.00000

t(a)3.03050

p(a)0.00131

Lowerbound of 95% confidence interval for beta0.31972

Upperbound of 95% confidence interval for beta0.61526

Lowerbound of 95% confidence interval for alpha0.21031

Upperbound of 95% confidence interval for alpha0.98782

Treynor index (mean / b)1.57314

Jensen alpha (a)0.59907
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.02159

Expected Shortfall on VaR0.02768
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00852

Expected Shortfall on VaR0.01740
 ORDER STATISTICS
 Quartiles of return rates

Number of observations361.00000

Minimum0.94405

Quartile 10.99555

Median1.00000

Quartile 31.00934

Maximum1.07173

Mean of quarter 10.98635

Mean of quarter 20.99913

Mean of quarter 31.00470

Mean of quarter 41.02212

Inter Quartile Range0.01380

Number outliers low9.00000

Percentage of outliers low0.02493

Mean of outliers low0.96466

Number of outliers high20.00000

Percentage of outliers high0.05540

Mean of outliers high1.04124
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.00720

VaR(95%) (moments method)0.01134

Expected Shortfall (moments method)0.01568

Extreme Value Index (regression method)0.09437

VaR(95%) (regression method)0.01361

Expected Shortfall (regression method)0.02036
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations31.00000

Minimum0.00030

Quartile 10.00452

Median0.02150

Quartile 30.04619

Maximum0.11568

Mean of quarter 10.00195

Mean of quarter 20.01161

Mean of quarter 30.03102

Mean of quarter 40.07621

Inter Quartile Range0.04167

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.03226

Mean of outliers high0.11568
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)0.44921

VaR(95%) (moments method)0.08440

Expected Shortfall (moments method)0.09573

Extreme Value Index (regression method)0.32850

VaR(95%) (regression method)0.08172

Expected Shortfall (regression method)0.09335
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)1.35189

Compounded annual return (geometric extrapolation)1.14542

Calmar ratio (compounded annual return / max draw down)9.90160

Compounded annual return / average of 25% largest draw downs15.02970

Compounded annual return / Expected Shortfall lognormal41.38710

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

Mean0.60265

SD0.23773

Sharpe ratio (Glass type estimate)2.53505

Sharpe ratio (Hedges UMVUE)2.52039

df130.00000

t1.79255

p0.42235

Lowerbound of 95% confidence interval for Sharpe Ratio0.25857

Upperbound of 95% confidence interval for Sharpe Ratio5.31920

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.26829

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation5.30908
 Statistics related to Sortino ratio

Sortino ratio3.98358

Upside Potential Ratio11.18660

Upside part of mean1.69235

Downside part of mean1.08970

Upside SD0.18596

Downside SD0.15128

N nonnegative terms65.00000

N negative terms66.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.23954

Mean of criterion0.60265

SD of predictor0.10886

SD of criterion0.23773

Covariance0.00800

r0.30928

b (slope, estimate of beta)0.67542

a (intercept, estimate of alpha)0.44086

Mean Square Error0.05150

DF error129.00000

t(b)3.69389

p(b)0.30629

t(a)1.36099

p(a)0.42444

Lowerbound of 95% confidence interval for beta0.31365

Upperbound of 95% confidence interval for beta1.03718

Lowerbound of 95% confidence interval for alpha0.20003

Upperbound of 95% confidence interval for alpha1.08175

Treynor index (mean / b)0.89226

Jensen alpha (a)0.44086
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.57388

SD0.23784

Sharpe ratio (Glass type estimate)2.41289

Sharpe ratio (Hedges UMVUE)2.39895

df130.00000

t1.70617

p0.42600

Lowerbound of 95% confidence interval for Sharpe Ratio0.37888

Upperbound of 95% confidence interval for Sharpe Ratio5.19556

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.38816

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation5.18605
 Statistics related to Sortino ratio

Sortino ratio3.73100

Upside Potential Ratio10.89080

Upside part of mean1.67516

Downside part of mean1.10128

Upside SD0.18367

Downside SD0.15382

N nonnegative terms65.00000

N negative terms66.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.23353

Mean of criterion0.57388

SD of predictor0.10884

SD of criterion0.23784

Covariance0.00800

r0.30899

b (slope, estimate of beta)0.67520

a (intercept, estimate of alpha)0.41620

Mean Square Error0.05156

DF error129.00000

t(b)3.69006

p(b)0.30647

t(a)1.28471

p(a)0.42860

VAR (95 Confidence Intrvl)0.02200

Lowerbound of 95% confidence interval for beta0.31317

Upperbound of 95% confidence interval for beta1.03723

Lowerbound of 95% confidence interval for alpha0.22477

Upperbound of 95% confidence interval for alpha1.05717

Treynor index (mean / b)0.84994

Jensen alpha (a)0.41620
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.02174

Expected Shortfall on VaR0.02771
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00955

Expected Shortfall on VaR0.01948
 ORDER STATISTICS
 Quartiles of return rates

Number of observations131.00000

Minimum0.94405

Quartile 10.99477

Median1.00000

Quartile 31.01081

Maximum1.03842

Mean of quarter 10.98490

Mean of quarter 20.99880

Mean of quarter 31.00492

Mean of quarter 41.02108

Inter Quartile Range0.01603

Number outliers low2.00000

Percentage of outliers low0.01527

Mean of outliers low0.95032

Number of outliers high2.00000

Percentage of outliers high0.01527

Mean of outliers high1.03673
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.03173

VaR(95%) (moments method)0.01309

Expected Shortfall (moments method)0.01765

Extreme Value Index (regression method)0.15031

VaR(95%) (regression method)0.01632

Expected Shortfall (regression method)0.02528
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations9.00000

Minimum0.00101

Quartile 10.00641

Median0.03121

Quartile 30.06385

Maximum0.11568

Mean of quarter 10.00402

Mean of quarter 20.02682

Mean of quarter 30.05363

Mean of quarter 40.10547

Inter Quartile Range0.05744

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)12.10990

VaR(95%) (moments method)0.09822

Expected Shortfall (moments method)0.09822

Extreme Value Index (regression method)1.62131

VaR(95%) (regression method)0.13453

Last 4 Months  Pcnt Negative0.25%

Expected Shortfall (regression method)0.13706

Strat Max DD how much worse than SP500 max DD during strat life?292210000

Max Equity Drawdown (num days)50
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.70213

Compounded annual return (geometric extrapolation)0.82538

Calmar ratio (compounded annual return / max draw down)7.13501

Compounded annual return / average of 25% largest draw downs7.82565

Compounded annual return / Expected Shortfall lognormal29.78360
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.