Aduna Cap Hedge
(129673124)
Subscription terms. Subscriptions to this system cost $30.00 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.
Hedged Equity
Core holding of long equities hedged at all times with short sales of stocks and/or stock index options.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  (7.9%)  +5.1%  +7.4%  (14.1%)  +0.3%  +38.3%  +20.8%  +49.6%  
2021  +0.2%  +14.0%  +10.4%  +11.0%  (6.9%)  +2.2%  +3.0%  +4.5%  (4%)  +37.7% 
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  $10,000  
Buy Power  $1,061  
Cash  $1  
Equity  $1  
Cumulative $  $11,590  
Includes dividends and cashsettled expirations:  $256  Itemized 
Total System Equity  $21,590  
Margined  $1  
Open P/L  $1,241  
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 began6/20/2020

Suggested Minimum Cap$15,000

Strategy Age (days)462.35

Age15 months ago

What it tradesStocks

# Trades61

# Profitable42

% Profitable68.90%

Avg trade duration121.0 days

Max peaktovalley drawdown23.68%

drawdown periodAug 11, 2020  Sept 24, 2020

Annual Return (Compounded)76.2%

Avg win$364.83

Avg loss$209.89
 Model Account Values (Raw)

Cash$7

Margin Used$0

Buying Power$1,061
 Ratios

W:L ratio3.97:1

Sharpe Ratio1.34

Sortino Ratio2.05

Calmar Ratio4.254
 CORRELATION STATISTICS

Return of Strat Pcnt  Return of SP500 Pcnt (cumu)62.14%

Correlation to SP5000.42990

Return Percent SP500 (cumu) during strategy life43.83%
 Return Statistics

Ann Return (w trading costs)76.2%
 Slump

Current Slump as Pcnt Equity7.40%
 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)0.762%
 Instruments

Percent Trades Options0.01%

Percent Trades Stocks0.99%

Percent Trades Forexn/a
 Return Statistics

Ann Return (Compnd, No Fees)83.4%
 Risk of Ruin (MonteCarlo)

Chance of 10% account loss51.00%

Chance of 20% account loss18.50%

Chance of 30% account loss6.50%

Chance of 40% account loss0.50%

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)775
 Trading Style

Any stock shorts? 0/10
 Popularity

Popularity (7 days, Percentile 1000 scale)298
 Management

No Subs Allowed Flag (1: no subs)0

Strat abandoned?0
 TradesOwnSystem Certification

Trades Own System?

TOS percentn/a
 Win / Loss

Avg Loss$210

Avg Win$365

Sum Trade PL (losers)$3,988.000
 AUM

AUM (AutoTrader num accounts)1
 Age

Num Months filled monthly returns table16
 Win / Loss

Sum Trade PL (winners)$15,323.000

# Winners42

Num Months Winners12
 Dividends

Dividends Received in Model Acct257
 AUM

AUM (AutoTrader live capital)5811
 Win / Loss

# Losers19

% Winners68.8%
 Frequency

Avg Position Time (mins)174248.00

Avg Position Time (hrs)2904.13

Avg Trade Length121.0 days

Last Trade Ago24
 Leverage

Daily leverage (average)1.80

Daily leverage (max)3.06
 Regression

Alpha0.09

Beta1.15

Treynor Index0.15
 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)0.79

MAE:Equity, average, winning trades0.01

MAE:Equity, average, losing trades0.02

Avg(MAE) / Avg(PL)  All trades1.016

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 trades0.403

Avg(MAE) / Avg(PL)  Losing trades1.288

HoldandHope Ratio0.994
 Analysis based on MONTHLY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean0.72260

SD0.36961

Sharpe ratio (Glass type estimate)1.95502

Sharpe ratio (Hedges UMVUE)1.83964

df13.00000

t2.11167

p0.19254

Lowerbound of 95% confidence interval for Sharpe Ratio0.03797

Upperbound of 95% confidence interval for Sharpe Ratio3.88433

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.10784

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.78713
 Statistics related to Sortino ratio

Sortino ratio5.75013

Upside Potential Ratio7.29946

Upside part of mean0.91731

Downside part of mean0.19470

Upside SD0.39316

Downside SD0.12567

N nonnegative terms11.00000

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

N of observations14.00000

Mean of predictor0.28723

Mean of criterion0.72260

SD of predictor0.07221

SD of criterion0.36961

Covariance0.01653

r0.61926

b (slope, estimate of beta)3.16965

a (intercept, estimate of alpha)0.18783

Mean Square Error0.09124

DF error12.00000

t(b)2.73206

p(b)0.19037

t(a)0.43175

p(a)0.56184

Lowerbound of 95% confidence interval for beta0.64186

Upperbound of 95% confidence interval for beta5.69744

Lowerbound of 95% confidence interval for alpha1.13569

Upperbound of 95% confidence interval for alpha0.76004

Treynor index (mean / b)0.22798

Jensen alpha (a)0.18783
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.64426

SD0.34640

Sharpe ratio (Glass type estimate)1.85987

Sharpe ratio (Hedges UMVUE)1.75011

df13.00000

t2.00889

p0.20286

Lowerbound of 95% confidence interval for Sharpe Ratio0.11857

Upperbound of 95% confidence interval for Sharpe Ratio3.77689

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.18515

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.68536
 Statistics related to Sortino ratio

Sortino ratio4.91522

Upside Potential Ratio6.46082

Upside part of mean0.84684

Downside part of mean0.20259

Upside SD0.35893

Downside SD0.13107

N nonnegative terms11.00000

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

N of observations14.00000

Mean of predictor0.28087

Mean of criterion0.64426

SD of predictor0.07101

SD of criterion0.34640

Covariance0.01584

r0.64397

b (slope, estimate of beta)3.14154

a (intercept, estimate of alpha)0.23811

Mean Square Error0.07608

DF error12.00000

t(b)2.91585

p(b)0.17802

t(a)0.60135

p(a)0.58552

Lowerbound of 95% confidence interval for beta0.79408

Upperbound of 95% confidence interval for beta5.48900

Lowerbound of 95% confidence interval for alpha1.10085

Upperbound of 95% confidence interval for alpha0.62462

Treynor index (mean / b)0.20508

Jensen alpha (a)0.23811
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.10487

Expected Shortfall on VaR0.14092
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.01963

Expected Shortfall on VaR0.04763
 ORDER STATISTICS
 Quartiles of return rates

Number of observations14.00000

Minimum0.90299

Quartile 11.01013

Median1.03297

Quartile 31.16674

Maximum1.23738

Mean of quarter 10.94740

Mean of quarter 21.01952

Mean of quarter 31.07140

Mean of quarter 41.20332

Inter Quartile Range0.15660

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)1.83786

VaR(95%) (regression method)0.12101

Expected Shortfall (regression method)0.12511
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations3.00000

Minimum0.04765

Quartile 10.06158

Median0.07551

Quartile 30.08626

Maximum0.09701

Mean of quarter 10.04765

Mean of quarter 20.07551

Mean of quarter 30.00000

Mean of quarter 40.09701

Inter Quartile Range0.02468

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)1.02054

Compounded annual return (geometric extrapolation)0.95847

Calmar ratio (compounded annual return / max draw down)9.87984

Compounded annual return / average of 25% largest draw downs9.87984

Compounded annual return / Expected Shortfall lognormal6.80130

0.00000

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

Mean0.67323

SD0.38776

Sharpe ratio (Glass type estimate)1.73618

Sharpe ratio (Hedges UMVUE)1.73219

df326.00000

t1.93963

p0.02664

Lowerbound of 95% confidence interval for Sharpe Ratio0.02456

Upperbound of 95% confidence interval for Sharpe Ratio3.49431

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.02723

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.49160
 Statistics related to Sortino ratio

Sortino ratio2.71694

Upside Potential Ratio10.30710

Upside part of mean2.55399

Downside part of mean1.88076

Upside SD0.30039

Downside SD0.24779

N nonnegative terms188.00000

N negative terms139.00000
 Statistics related to linear regression on benchmark

N of observations327.00000

Mean of predictor0.26924

Mean of criterion0.67323

SD of predictor0.14808

SD of criterion0.38776

Covariance0.02382

r0.41490

b (slope, estimate of beta)1.08647

a (intercept, estimate of alpha)0.38100

Mean Square Error0.12486

DF error325.00000

t(b)8.22076

p(b)0.00000

t(a)1.19611

p(a)0.11626

Lowerbound of 95% confidence interval for beta0.82647

Upperbound of 95% confidence interval for beta1.34647

Lowerbound of 95% confidence interval for alpha0.24546

Upperbound of 95% confidence interval for alpha1.00687

Treynor index (mean / b)0.61965

Jensen alpha (a)0.38071
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.59800

SD0.38584

Sharpe ratio (Glass type estimate)1.54984

Sharpe ratio (Hedges UMVUE)1.54627

df326.00000

t1.73145

p0.04216

Lowerbound of 95% confidence interval for Sharpe Ratio0.20974

Upperbound of 95% confidence interval for Sharpe Ratio3.30709

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.21212

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.30467
 Statistics related to Sortino ratio

Sortino ratio2.35506

Upside Potential Ratio9.88609

Upside part of mean2.51027

Downside part of mean1.91228

Upside SD0.29208

Downside SD0.25392

N nonnegative terms188.00000

N negative terms139.00000
 Statistics related to linear regression on benchmark

N of observations327.00000

Mean of predictor0.25812

Mean of criterion0.59800

SD of predictor0.14840

SD of criterion0.38584

Covariance0.02389

r0.41719

b (slope, estimate of beta)1.08474

a (intercept, estimate of alpha)0.31800

Mean Square Error0.12334

DF error325.00000

t(b)8.27566

p(b)0.00000

t(a)1.00577

p(a)0.15764

Lowerbound of 95% confidence interval for beta0.82687

Upperbound of 95% confidence interval for beta1.34260

Lowerbound of 95% confidence interval for alpha0.30401

Upperbound of 95% confidence interval for alpha0.94002

Treynor index (mean / b)0.55128

Jensen alpha (a)0.31800
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.03625

Expected Shortfall on VaR0.04577
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.01482

Expected Shortfall on VaR0.03030
 ORDER STATISTICS
 Quartiles of return rates

Number of observations327.00000

Minimum0.91297

Quartile 10.99101

Median1.00278

Quartile 31.01341

Maximum1.13719

Mean of quarter 10.97464

Mean of quarter 20.99739

Mean of quarter 31.00773

Mean of quarter 41.03101

Inter Quartile Range0.02240

Number outliers low10.00000

Percentage of outliers low0.03058

Mean of outliers low0.93885

Number of outliers high10.00000

Percentage of outliers high0.03058

Mean of outliers high1.06787
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.14960

VaR(95%) (moments method)0.02339

Expected Shortfall (moments method)0.03519

Extreme Value Index (regression method)0.04649

VaR(95%) (regression method)0.02427

Expected Shortfall (regression method)0.03452
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations16.00000

Minimum0.00031

Quartile 10.01675

Median0.03444

Quartile 30.14025

Maximum0.20449

Mean of quarter 10.00952

Mean of quarter 20.02445

Mean of quarter 30.07759

Mean of quarter 40.17092

Inter Quartile Range0.12349

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)0.48642

VaR(95%) (moments method)0.18871

Expected Shortfall (moments method)0.20512

Extreme Value Index (regression method)0.05511

VaR(95%) (regression method)0.18106

Expected Shortfall (regression method)0.20784
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.94869

Compounded annual return (geometric extrapolation)0.86993

Calmar ratio (compounded annual return / max draw down)4.25422

Compounded annual return / average of 25% largest draw downs5.08969

Compounded annual return / Expected Shortfall lognormal19.00750

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

Mean0.44397

SD0.25076

Sharpe ratio (Glass type estimate)1.77050

Sharpe ratio (Hedges UMVUE)1.76027

df130.00000

t1.25193

p0.44543

Lowerbound of 95% confidence interval for Sharpe Ratio1.01292

Upperbound of 95% confidence interval for Sharpe Ratio4.54726

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.01978

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.54032
 Statistics related to Sortino ratio

Sortino ratio2.55121

Upside Potential Ratio9.73544

Upside part of mean1.69420

Downside part of mean1.25023

Upside SD0.18130

Downside SD0.17402

N nonnegative terms80.00000

N negative terms51.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.23954

Mean of criterion0.44397

SD of predictor0.10886

SD of criterion0.25076

Covariance0.01319

r0.48322

b (slope, estimate of beta)1.11312

a (intercept, estimate of alpha)0.17733

Mean Square Error0.04857

DF error129.00000

t(b)6.26882

p(b)0.20480

t(a)0.56373

p(a)0.46845

Lowerbound of 95% confidence interval for beta0.76180

Upperbound of 95% confidence interval for beta1.46444

Lowerbound of 95% confidence interval for alpha0.44505

Upperbound of 95% confidence interval for alpha0.79971

Treynor index (mean / b)0.39885

Jensen alpha (a)0.17733
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.41230

SD0.25129

Sharpe ratio (Glass type estimate)1.64076

Sharpe ratio (Hedges UMVUE)1.63128

df130.00000

t1.16019

p0.44938

Lowerbound of 95% confidence interval for Sharpe Ratio1.14124

Upperbound of 95% confidence interval for Sharpe Ratio4.41659

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.14761

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.41017
 Statistics related to Sortino ratio

Sortino ratio2.32881

Upside Potential Ratio9.47724

Upside part of mean1.67789

Downside part of mean1.26559

Upside SD0.17879

Downside SD0.17704

N nonnegative terms80.00000

N negative terms51.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.23353

Mean of criterion0.41230

SD of predictor0.10884

SD of criterion0.25129

Covariance0.01318

r0.48207

b (slope, estimate of beta)1.11296

a (intercept, estimate of alpha)0.15239

Mean Square Error0.04885

DF error129.00000

t(b)6.24932

p(b)0.20545

t(a)0.48329

p(a)0.47294

VAR (95 Confidence Intrvl)0.03600

Lowerbound of 95% confidence interval for beta0.76060

Upperbound of 95% confidence interval for beta1.46532

Lowerbound of 95% confidence interval for alpha0.47147

Upperbound of 95% confidence interval for alpha0.77625

Treynor index (mean / b)0.37046

Jensen alpha (a)0.15239
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.02368

Expected Shortfall on VaR0.02997
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00921

Expected Shortfall on VaR0.01956
 ORDER STATISTICS
 Quartiles of return rates

Number of observations131.00000

Minimum0.94384

Quartile 10.99461

Median1.00359

Quartile 31.00903

Maximum1.04699

Mean of quarter 10.98280

Mean of quarter 20.99918

Mean of quarter 31.00632

Mean of quarter 41.01904

Inter Quartile Range0.01442

Number outliers low8.00000

Percentage of outliers low0.06107

Mean of outliers low0.96361

Number of outliers high5.00000

Percentage of outliers high0.03817

Mean of outliers high1.03938
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.41479

VaR(95%) (moments method)0.01699

Expected Shortfall (moments method)0.03401

Extreme Value Index (regression method)0.04430

VaR(95%) (regression method)0.01978

Expected Shortfall (regression method)0.02945
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations4.00000

Minimum0.03093

Quartile 10.04580

Median0.06697

Quartile 30.09717

Maximum0.13916

Mean of quarter 10.03093

Mean of quarter 20.05076

Mean of quarter 30.08317

Mean of quarter 40.13916

Inter Quartile Range0.05136

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 Negative0.25%

Expected Shortfall (regression method)0.00000

Strat Max DD how much worse than SP500 max DD during strat life?309797000

Max Equity Drawdown (num days)44
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.49241

Compounded annual return (geometric extrapolation)0.55303

Calmar ratio (compounded annual return / max draw down)3.97405

Compounded annual return / average of 25% largest draw downs3.97405

Compounded annual return / Expected Shortfall lognormal18.45030
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.