Insights W1
(129373845)
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
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.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  +0.9%  +3.3%  +1.7%  (4.1%)  (11.8%)  +21.3%  +16.0%  +26.1%  
2021  +7.5%  +11.0%  +10.1%  +4.7%  +8.8%  (4%)  +4.5%  +8.2%  (6.4%)  +52.1% 
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  $73,064  
Cash  $1  
Equity  $1  
Cumulative $  $50,554  
Includes dividends and cashsettled expirations:  $2,188  Itemized 
Total System Equity  $100,554  
Margined  $1  
Open P/L  ($160)  
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 began6/5/2020

Suggested Minimum Cap$15,000

Strategy Age (days)477.86

Age16 months ago

What it tradesStocks

# Trades330

# Profitable169

% Profitable51.20%

Avg trade duration7.9 days

Max peaktovalley drawdown22.53%

drawdown periodSept 16, 2020  Nov 02, 2020

Annual Return (Compounded)64.0%

Avg win$853.40

Avg loss$595.39
 Model Account Values (Raw)

Cash$69,507

Margin Used$0

Buying Power$73,064
 Ratios

W:L ratio1.55:1

Sharpe Ratio1.55

Sortino Ratio2.36

Calmar Ratio3.817
 CORRELATION STATISTICS

Return of Strat Pcnt  Return of SP500 Pcnt (cumu)52.34%

Correlation to SP5000.28210

Return Percent SP500 (cumu) during strategy life39.50%
 Return Statistics

Ann Return (w trading costs)64.0%
 Slump

Current Slump as Pcnt Equity9.60%
 Instruments

Percent Trades Futuresn/a
 Slump

Current Slump, time of slump as pcnt of strategy life0.05%
 Instruments

Short Options  Percent Covered100.00%
 Return Statistics

Return Pcnt (Compound or Annual, agebased, NFA compliant)0.640%
 Instruments

Percent Trades Optionsn/a

Percent Trades Stocks1.00%

Percent Trades Forexn/a
 Return Statistics

Ann Return (Compnd, No Fees)70.3%
 Risk of Ruin (MonteCarlo)

Chance of 10% account loss32.50%

Chance of 20% account loss9.50%

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 Automated99.38%
 Risk of Ruin (MonteCarlo)

Chance of 50% account lossn/a
 Popularity

Popularity (Today)695

Popularity (Last 6 weeks)937
 Trading Style

Any stock shorts? 0/10
 Popularity

C2 Score870

Popularity (7 days, Percentile 1000 scale)773
 Management

No Subs Allowed Flag (1: no subs)0

Strat abandoned?0
 TradesOwnSystem Certification

Trades Own System?

TOS percentn/a
 Win / Loss

Avg Loss$595

Avg Win$853

Sum Trade PL (losers)$95,858.000
 AUM

AUM (AutoTrader num accounts)1
 Age

Num Months filled monthly returns table16
 Win / Loss

Sum Trade PL (winners)$144,224.000

# Winners169

Num Months Winners12
 Dividends

Dividends Received in Model Acct2189
 AUM

AUM (AutoTrader live capital)9883
 Win / Loss

# Losers161

% Winners51.2%
 Frequency

Avg Position Time (mins)11387.70

Avg Position Time (hrs)189.79

Avg Trade Length7.9 days

Last Trade Ago2
 Leverage

Daily leverage (average)1.05

Daily leverage (max)2.01
 Regression

Alpha0.11

Beta0.51

Treynor Index0.28
 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)0.26

MAE:Equity, average, winning trades0.00

MAE:Equity, average, losing trades0.01

Avg(MAE) / Avg(PL)  All trades6.367

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 strat0.03

Avg(MAE) / Avg(PL)  Winning trades0.381

Avg(MAE) / Avg(PL)  Losing trades1.255

HoldandHope Ratio0.159
 Analysis based on MONTHLY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean0.57914

SD0.29060

Sharpe ratio (Glass type estimate)1.99291

Sharpe ratio (Hedges UMVUE)1.88387

df14.00000

t2.22814

p0.24418

Lowerbound of 95% confidence interval for Sharpe Ratio0.06344

Upperbound of 95% confidence interval for Sharpe Ratio3.86236

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.00294

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.77069
 Statistics related to Sortino ratio

Sortino ratio10.13360

Upside Potential Ratio11.90040

Upside part of mean0.68011

Downside part of mean0.10097

Upside SD0.32172

Downside SD0.05715

N nonnegative terms10.00000

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

N of observations15.00000

Mean of predictor0.24515

Mean of criterion0.57914

SD of predictor0.08412

SD of criterion0.29060

Covariance0.00226

r0.09234

b (slope, estimate of beta)0.31898

a (intercept, estimate of alpha)0.50094

Mean Square Error0.09017

DF error13.00000

t(b)0.33436

p(b)0.44130

t(a)1.40661

p(a)0.27382

Lowerbound of 95% confidence interval for beta1.74201

Upperbound of 95% confidence interval for beta2.37998

Lowerbound of 95% confidence interval for alpha0.26844

Upperbound of 95% confidence interval for alpha1.27032

Treynor index (mean / b)1.81558

Jensen alpha (a)0.50094
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.53026

SD0.26702

Sharpe ratio (Glass type estimate)1.98584

Sharpe ratio (Hedges UMVUE)1.87719

df14.00000

t2.22023

p0.24485

Lowerbound of 95% confidence interval for Sharpe Ratio0.05740

Upperbound of 95% confidence interval for Sharpe Ratio3.85435

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.00871

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.76308
 Statistics related to Sortino ratio

Sortino ratio9.11839

Upside Potential Ratio10.87940

Upside part of mean0.63266

Downside part of mean0.10241

Upside SD0.29427

Downside SD0.05815

N nonnegative terms10.00000

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

N of observations15.00000

Mean of predictor0.23896

Mean of criterion0.53026

SD of predictor0.08238

SD of criterion0.26702

Covariance0.00202

r0.09190

b (slope, estimate of beta)0.29790

a (intercept, estimate of alpha)0.45907

Mean Square Error0.07614

DF error13.00000

t(b)0.33277

p(b)0.44157

t(a)1.40560

p(a)0.27396

Lowerbound of 95% confidence interval for beta1.63611

Upperbound of 95% confidence interval for beta2.23191

Lowerbound of 95% confidence interval for alpha0.24651

Upperbound of 95% confidence interval for alpha1.16466

Treynor index (mean / b)1.77996

Jensen alpha (a)0.45907
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.07928

Expected Shortfall on VaR0.10810
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.01490

Expected Shortfall on VaR0.03047
 ORDER STATISTICS
 Quartiles of return rates

Number of observations15.00000

Minimum0.95347

Quartile 10.98905

Median1.02505

Quartile 31.06827

Maximum1.24247

Mean of quarter 10.97390

Mean of quarter 21.01216

Mean of quarter 31.04890

Mean of quarter 41.16697

Inter Quartile Range0.07923

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.06667

Mean of outliers high1.24247
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)1.25334

VaR(95%) (moments method)0.02726

Expected Shortfall (moments method)0.02911

Extreme Value Index (regression method)0.03170

VaR(95%) (regression method)0.04252

Expected Shortfall (regression method)0.06059
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations5.00000

Minimum0.01017

Quartile 10.01174

Median0.01799

Quartile 30.02814

Maximum0.04653

Mean of quarter 10.01095

Mean of quarter 20.01799

Mean of quarter 30.02814

Mean of quarter 40.04653

Inter Quartile Range0.01641

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)0.80731

Compounded annual return (geometric extrapolation)0.74746

Calmar ratio (compounded annual return / max draw down)16.06340

Compounded annual return / average of 25% largest draw downs16.06340

Compounded annual return / Expected Shortfall lognormal6.91431

0.00000

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

Mean0.55382

SD0.26943

Sharpe ratio (Glass type estimate)2.05557

Sharpe ratio (Hedges UMVUE)2.05099

df337.00000

t2.33474

p0.01007

Lowerbound of 95% confidence interval for Sharpe Ratio0.32150

Upperbound of 95% confidence interval for Sharpe Ratio3.78663

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.31845

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.78352
 Statistics related to Sortino ratio

Sortino ratio3.21224

Upside Potential Ratio10.78350

Upside part of mean1.85919

Downside part of mean1.30537

Upside SD0.20933

Downside SD0.17241

N nonnegative terms183.00000

N negative terms155.00000
 Statistics related to linear regression on benchmark

N of observations338.00000

Mean of predictor0.24264

Mean of criterion0.55382

SD of predictor0.15709

SD of criterion0.26943

Covariance0.01173

r0.27713

b (slope, estimate of beta)0.47533

a (intercept, estimate of alpha)0.43800

Mean Square Error0.06721

DF error336.00000

t(b)5.28699

p(b)0.00000

t(a)1.91232

p(a)0.02834

Lowerbound of 95% confidence interval for beta0.29848

Upperbound of 95% confidence interval for beta0.65217

Lowerbound of 95% confidence interval for alpha0.01255

Upperbound of 95% confidence interval for alpha0.88953

Treynor index (mean / b)1.16514

Jensen alpha (a)0.43849
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.51712

SD0.26904

Sharpe ratio (Glass type estimate)1.92204

Sharpe ratio (Hedges UMVUE)1.91776

df337.00000

t2.18309

p0.01486

Lowerbound of 95% confidence interval for Sharpe Ratio0.18895

Upperbound of 95% confidence interval for Sharpe Ratio3.65233

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.18610

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.64943
 Statistics related to Sortino ratio

Sortino ratio2.94890

Upside Potential Ratio10.47880

Upside part of mean1.83755

Downside part of mean1.32043

Upside SD0.20601

Downside SD0.17536

N nonnegative terms183.00000

N negative terms155.00000
 Statistics related to linear regression on benchmark

N of observations338.00000

Mean of predictor0.23013

Mean of criterion0.51712

SD of predictor0.15789

SD of criterion0.26904

Covariance0.01176

r0.27678

b (slope, estimate of beta)0.47165

a (intercept, estimate of alpha)0.40858

Mean Square Error0.06704

DF error336.00000

t(b)5.27973

p(b)0.00000

t(a)1.78509

p(a)0.03757

Lowerbound of 95% confidence interval for beta0.29593

Upperbound of 95% confidence interval for beta0.64737

Lowerbound of 95% confidence interval for alpha0.04165

Upperbound of 95% confidence interval for alpha0.85880

Treynor index (mean / b)1.09640

Jensen alpha (a)0.40858
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.02505

Expected Shortfall on VaR0.03178
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.01081

Expected Shortfall on VaR0.02188
 ORDER STATISTICS
 Quartiles of return rates

Number of observations338.00000

Minimum0.92866

Quartile 10.99390

Median1.00095

Quartile 31.01156

Maximum1.06066

Mean of quarter 10.98229

Mean of quarter 20.99816

Mean of quarter 31.00596

Mean of quarter 41.02247

Inter Quartile Range0.01766

Number outliers low8.00000

Percentage of outliers low0.02367

Mean of outliers low0.95671

Number of outliers high8.00000

Percentage of outliers high0.02367

Mean of outliers high1.04807
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.05843

VaR(95%) (moments method)0.01546

Expected Shortfall (moments method)0.02194

Extreme Value Index (regression method)0.11037

VaR(95%) (regression method)0.01671

Expected Shortfall (regression method)0.02478
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations29.00000

Minimum0.00120

Quartile 10.01055

Median0.02422

Quartile 30.04523

Maximum0.18986

Mean of quarter 10.00510

Mean of quarter 20.01774

Mean of quarter 30.03663

Mean of quarter 40.10353

Inter Quartile Range0.03468

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high3.00000

Percentage of outliers high0.10345

Mean of outliers high0.13524
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)1.67082

VaR(95%) (moments method)0.09704

Expected Shortfall (moments method)0.09956

Extreme Value Index (regression method)0.03190

VaR(95%) (regression method)0.11281

Expected Shortfall (regression method)0.15564
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.79069

Compounded annual return (geometric extrapolation)0.72465

Calmar ratio (compounded annual return / max draw down)3.81669

Compounded annual return / average of 25% largest draw downs6.99938

Compounded annual return / Expected Shortfall lognormal22.80410

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

Mean0.28009

SD0.21491

Sharpe ratio (Glass type estimate)1.30332

Sharpe ratio (Hedges UMVUE)1.29579

df130.00000

t0.92159

p0.45972

Lowerbound of 95% confidence interval for Sharpe Ratio1.47543

Upperbound of 95% confidence interval for Sharpe Ratio4.07724

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.48049

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.07207
 Statistics related to Sortino ratio

Sortino ratio1.94378

Upside Potential Ratio9.91701

Upside part of mean1.42902

Downside part of mean1.14893

Upside SD0.15927

Downside SD0.14410

N nonnegative terms69.00000

N negative terms62.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.23954

Mean of criterion0.28009

SD of predictor0.10886

SD of criterion0.21491

Covariance0.00695

r0.29700

b (slope, estimate of beta)0.58633

a (intercept, estimate of alpha)0.13964

Mean Square Error0.04244

DF error129.00000

t(b)3.53266

p(b)0.31374

t(a)0.47492

p(a)0.47341

Lowerbound of 95% confidence interval for beta0.25795

Upperbound of 95% confidence interval for beta0.91471

Lowerbound of 95% confidence interval for alpha0.44211

Upperbound of 95% confidence interval for alpha0.72140

Treynor index (mean / b)0.47771

Jensen alpha (a)0.13964
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.25700

SD0.21499

Sharpe ratio (Glass type estimate)1.19542

Sharpe ratio (Hedges UMVUE)1.18851

df130.00000

t0.84529

p0.46303

Lowerbound of 95% confidence interval for Sharpe Ratio1.58237

Upperbound of 95% confidence interval for Sharpe Ratio3.96874

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.58705

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.96408
 Statistics related to Sortino ratio

Sortino ratio1.75979

Upside Potential Ratio9.69834

Upside part of mean1.41638

Downside part of mean1.15937

Upside SD0.15745

Downside SD0.14604

N nonnegative terms69.00000

N negative terms62.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.23353

Mean of criterion0.25700

SD of predictor0.10884

SD of criterion0.21499

Covariance0.00698

r0.29832

b (slope, estimate of beta)0.58926

a (intercept, estimate of alpha)0.11939

Mean Square Error0.04243

DF error129.00000

t(b)3.54995

p(b)0.31294

t(a)0.40625

p(a)0.47725

VAR (95 Confidence Intrvl)0.02500

Lowerbound of 95% confidence interval for beta0.26084

Upperbound of 95% confidence interval for beta0.91768

Lowerbound of 95% confidence interval for alpha0.46207

Upperbound of 95% confidence interval for alpha0.70086

Treynor index (mean / b)0.43615

Jensen alpha (a)0.11939
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.02065

Expected Shortfall on VaR0.02606
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00977

Expected Shortfall on VaR0.01918
 ORDER STATISTICS
 Quartiles of return rates

Number of observations131.00000

Minimum0.95160

Quartile 10.99367

Median1.00045

Quartile 31.00880

Maximum1.04110

Mean of quarter 10.98530

Mean of quarter 20.99753

Mean of quarter 31.00431

Mean of quarter 41.01765

Inter Quartile Range0.01513

Number outliers low2.00000

Percentage of outliers low0.01527

Mean of outliers low0.96036

Number of outliers high2.00000

Percentage of outliers high0.01527

Mean of outliers high1.03803
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.29443

VaR(95%) (moments method)0.01549

Expected Shortfall (moments method)0.02562

Extreme Value Index (regression method)0.27468

VaR(95%) (regression method)0.01414

Expected Shortfall (regression method)0.02230
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations11.00000

Minimum0.00109

Quartile 10.00532

Median0.01523

Quartile 30.04653

Maximum0.11722

Mean of quarter 10.00237

Mean of quarter 20.00918

Mean of quarter 30.04282

Mean of quarter 40.08862

Inter Quartile Range0.04121

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.09091

Mean of outliers high0.11722
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)38.12290

VaR(95%) (moments method)0.08929

Expected Shortfall (moments method)0.00000

Extreme Value Index (regression method)2.38866

VaR(95%) (regression method)0.15499

Last 4 Months  Pcnt Negative0.50%

Expected Shortfall (regression method)0.15660

Strat Max DD how much worse than SP500 max DD during strat life?360948000

Max Equity Drawdown (num days)47
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.30621

Compounded annual return (geometric extrapolation)0.32965

Calmar ratio (compounded annual return / max draw down)2.81216

Compounded annual return / average of 25% largest draw downs3.71967

Compounded annual return / Expected Shortfall lognormal12.65010
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.