EUROPEAN STOCK BASKET
(131967341)
Subscription terms. Subscriptions to this system cost $250.00 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.
Financials / Indexes
Focuses on market indexes or interest rates futures.Rate of Return Calculations
Overview
To comply with NFA regulations, we display Cumulative Rate of Return for strategies with a track record of less than one year. For strategies with longer track records, we display Annualized (Compounded) Rate of Return.
How Cumulative Rate of Return is calculated
= (Ending_equity  Starting_equity) / Starting_equity
Remember that, following NFA requirements, strategy subscription costs and estimated commissions are included in markedtomarket equity calculations.
All results are hypothetical.
Jan  Feb  Mar  Apr  May  Jun  Jul  Aug  Sep  Oct  Nov  Dec  YTD  

2020  +2.3%  +67.8%  +5.0%  +80.3%  
2021  (4.6%)  +10.4%  +19.1%  +3.5%  +5.4%  +3.3%  +17.8%  +7.4%  +5.0%  +87.7% 
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  $25,000  
Buy Power  $87,483  
Cash  $89,059  
Equity  ($395)  
Cumulative $  $63,663  
Total System Equity  $88,663  
Margined  $1,180  
Open P/L  ($395) 
Trading Record
Statistics

Strategy began10/29/2020

Suggested Minimum Cap$90,000

Strategy Age (days)331.66

Age11 months ago

What it tradesFutures

# Trades95

# Profitable66

% Profitable69.50%

Avg trade duration5.5 days

Max peaktovalley drawdown24.35%

drawdown periodJune 22, 2021  July 13, 2021

Cumul. Return238.5%

Avg win$1,431

Avg loss$1,063
 Model Account Values (Raw)

Cash$89,059

Margin Used$1,180

Buying Power$87,483
 Ratios

W:L ratio3.06:1

Sharpe Ratio3.15

Sortino Ratio6.92

Calmar Ratio16.719
 CORRELATION STATISTICS

Return of Strat Pcnt  Return of SP500 Pcnt (cumu)203.88%

Correlation to SP5000.26220

Return Percent SP500 (cumu) during strategy life34.60%
 Return Statistics

Ann Return (w trading costs)278.0%
 Slump

Current Slump as Pcnt Equity3.50%
 Instruments

Percent Trades Futures0.98%
 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)2.385%
 Instruments

Percent Trades Optionsn/a

Percent Trades Stocksn/a

Percent Trades Forex0.02%
 Return Statistics

Ann Return (Compnd, No Fees)301.1%
 Risk of Ruin (MonteCarlo)

Chance of 10% account loss12.50%

Chance of 20% account loss0.50%

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 Automatedn/a
 Risk of Ruin (MonteCarlo)

Chance of 50% account lossn/a
 Popularity

Popularity (Today)980

Popularity (Last 6 weeks)997
 Trading Style

Any stock shorts? 0/10
 Popularity

C2 Score997

Popularity (7 days, Percentile 1000 scale)996
 Management

No Subs Allowed Flag (1: no subs)0

Strat abandoned?0
 TradesOwnSystem Certification

Trades Own System?

TOS percentn/a
 Win / Loss

Avg Loss$1,063

Avg Win$1,432

Sum Trade PL (losers)$30,838.000
 AUM

AUM (AutoTrader num accounts)41
 Age

Num Months filled monthly returns table12
 Win / Loss

Sum Trade PL (winners)$94,502.000

# Winners66

Num Months Winners11
 Dividends

Dividends Received in Model Acct0
 AUM

AUM (AutoTrader live capital)4692390
 Win / Loss

# Losers29

% Winners69.5%
 Frequency

Avg Position Time (mins)7934.52

Avg Position Time (hrs)132.24

Avg Trade Length5.5 days

Last Trade Ago2
 Leverage

Daily leverage (average)3.32

Daily leverage (max)12.72
 Regression

Alpha0.32

Beta0.76

Treynor Index0.51
 Maximum Adverse Excursion (MAE)

MAE:Equity, average, all trades0.02

MAE:PL  worst single value for strategy

MAE:PL (avg, winning trades)

MAE:PL (avg, losing trades)

MAE:PL (avg, all trades)1.23

MAE:Equity, average, winning trades0.02

MAE:Equity, average, losing trades0.03

Avg(MAE) / Avg(PL)  All trades2.010

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 strat0.00

Avg(MAE) / Avg(PL)  Winning trades0.756

Avg(MAE) / Avg(PL)  Losing trades1.373

HoldandHope Ratio0.497
 Analysis based on MONTHLY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean1.74122

SD0.82207

Sharpe ratio (Glass type estimate)2.11809

Sharpe ratio (Hedges UMVUE)1.93567

df9.00000

t1.93355

p0.04259

Lowerbound of 95% confidence interval for Sharpe Ratio0.28341

Upperbound of 95% confidence interval for Sharpe Ratio4.42359

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.39013

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.26148
 Statistics related to Sortino ratio

Sortino ratio25.19880

Upside Potential Ratio26.31370

Upside part of mean1.81826

Downside part of mean0.07704

Upside SD0.92526

Downside SD0.06910

N nonnegative terms8.00000

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

N of observations10.00000

Mean of predictor0.36026

Mean of criterion1.74122

SD of predictor0.09467

SD of criterion0.82207

Covariance0.04822

r0.61964

b (slope, estimate of beta)5.38045

a (intercept, estimate of alpha)0.19714

Mean Square Error0.46837

DF error8.00000

t(b)2.23292

p(b)0.02802

t(a)0.17187

p(a)0.56610

Lowerbound of 95% confidence interval for beta0.17612

Upperbound of 95% confidence interval for beta10.93700

Lowerbound of 95% confidence interval for alpha2.84214

Upperbound of 95% confidence interval for alpha2.44786

Treynor index (mean / b)0.32362

Jensen alpha (a)0.19714
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean1.43095

SD0.62304

Sharpe ratio (Glass type estimate)2.29671

Sharpe ratio (Hedges UMVUE)2.09891

df9.00000

t2.09660

p0.03274

Lowerbound of 95% confidence interval for Sharpe Ratio0.14176

Upperbound of 95% confidence interval for Sharpe Ratio4.63415

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.25692

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.45473
 Statistics related to Sortino ratio

Sortino ratio20.09690

Upside Potential Ratio21.21120

Upside part of mean1.51029

Downside part of mean0.07934

Upside SD0.71759

Downside SD0.07120

N nonnegative terms8.00000

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

N of observations10.00000

Mean of predictor0.35042

Mean of criterion1.43095

SD of predictor0.09062

SD of criterion0.62304

Covariance0.03166

r0.56073

b (slope, estimate of beta)3.85508

a (intercept, estimate of alpha)0.08005

Mean Square Error0.29940

DF error8.00000

t(b)1.91544

p(b)0.04588

t(a)0.08648

p(a)0.46660

Lowerbound of 95% confidence interval for beta0.78607

Upperbound of 95% confidence interval for beta8.49623

Lowerbound of 95% confidence interval for alpha2.05433

Upperbound of 95% confidence interval for alpha2.21442

Treynor index (mean / b)0.37119

Jensen alpha (a)0.08005
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.16188

Expected Shortfall on VaR0.22088
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00685

Expected Shortfall on VaR0.01870
 ORDER STATISTICS
 Quartiles of return rates

Number of observations10.00000

Minimum0.93926

Quartile 11.03401

Median1.06441

Quartile 31.12933

Maximum1.75672

Mean of quarter 10.99115

Mean of quarter 21.04679

Mean of quarter 31.09812

Mean of quarter 41.40368

Inter Quartile Range0.09531

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high2.00000

Percentage of outliers high0.20000

Mean of outliers high1.53995
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.00000

VaR(95%) (moments method)0.00000

Expected Shortfall (moments method)0.00000

Extreme Value Index (regression method)0.00000

VaR(95%) (regression method)0.00000

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

Number of observations1.00000

Minimum0.06074

Quartile 10.06074

Median0.06074

Quartile 30.06074

Maximum0.06074

Mean of quarter 10.00000

Mean of quarter 20.00000

Mean of quarter 30.00000

Mean of quarter 40.00000

Inter Quartile Range0.00000

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)2.84724

Compounded annual return (geometric extrapolation)3.30104

Calmar ratio (compounded annual return / max draw down)54.34670

Compounded annual return / average of 25% largest draw downs0.00000

Compounded annual return / Expected Shortfall lognormal14.94520

0.00000

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

Mean1.47023

SD0.38556

Sharpe ratio (Glass type estimate)3.81320

Sharpe ratio (Hedges UMVUE)3.80091

df233.00000

t3.60368

p0.00019

Lowerbound of 95% confidence interval for Sharpe Ratio1.70668

Upperbound of 95% confidence interval for Sharpe Ratio5.91184

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.69848

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation5.90334
 Statistics related to Sortino ratio

Sortino ratio8.90450

Upside Potential Ratio15.99630

Upside part of mean2.64116

Downside part of mean1.17093

Upside SD0.35918

Downside SD0.16511

N nonnegative terms138.00000

N negative terms96.00000
 Statistics related to linear regression on benchmark

N of observations234.00000

Mean of predictor0.31323

Mean of criterion1.47023

SD of predictor0.12852

SD of criterion0.38556

Covariance0.01126

r0.22730

b (slope, estimate of beta)0.68191

a (intercept, estimate of alpha)1.25700

Mean Square Error0.14159

DF error232.00000

t(b)3.55516

p(b)0.00023

t(a)3.12080

p(a)0.00102

Lowerbound of 95% confidence interval for beta0.30400

Upperbound of 95% confidence interval for beta1.05982

Lowerbound of 95% confidence interval for alpha0.46329

Upperbound of 95% confidence interval for alpha2.04997

Treynor index (mean / b)2.15604

Jensen alpha (a)1.25663
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean1.39505

SD0.37454

Sharpe ratio (Glass type estimate)3.72472

Sharpe ratio (Hedges UMVUE)3.71271

df233.00000

t3.52006

p0.00026

Lowerbound of 95% confidence interval for Sharpe Ratio1.61958

Upperbound of 95% confidence interval for Sharpe Ratio5.82212

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.61159

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation5.81384
 Statistics related to Sortino ratio

Sortino ratio8.30586

Upside Potential Ratio15.35960

Upside part of mean2.57980

Downside part of mean1.18475

Upside SD0.34482

Downside SD0.16796

N nonnegative terms138.00000

N negative terms96.00000
 Statistics related to linear regression on benchmark

N of observations234.00000

Mean of predictor0.30480

Mean of criterion1.39505

SD of predictor0.12846

SD of criterion0.37454

Covariance0.01091

r0.22687

b (slope, estimate of beta)0.66146

a (intercept, estimate of alpha)1.19344

Mean Square Error0.13363

DF error232.00000

t(b)3.54802

p(b)0.00023

t(a)3.05255

p(a)0.00127

Lowerbound of 95% confidence interval for beta0.29415

Upperbound of 95% confidence interval for beta1.02878

Lowerbound of 95% confidence interval for alpha0.42314

Upperbound of 95% confidence interval for alpha1.96373

Treynor index (mean / b)2.10904

Jensen alpha (a)1.19344
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.03221

Expected Shortfall on VaR0.04148
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00893

Expected Shortfall on VaR0.01890
 ORDER STATISTICS
 Quartiles of return rates

Number of observations234.00000

Minimum0.94892

Quartile 10.99508

Median1.00279

Quartile 31.01165

Maximum1.14512

Mean of quarter 10.98396

Mean of quarter 20.99898

Mean of quarter 31.00687

Mean of quarter 41.03297

Inter Quartile Range0.01657

Number outliers low8.00000

Percentage of outliers low0.03419

Mean of outliers low0.95824

Number of outliers high13.00000

Percentage of outliers high0.05556

Mean of outliers high1.07726
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.35035

VaR(95%) (moments method)0.01516

Expected Shortfall (moments method)0.02799

Extreme Value Index (regression method)0.07662

VaR(95%) (regression method)0.01421

Expected Shortfall (regression method)0.02083
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations20.00000

Minimum0.00107

Quartile 10.00843

Median0.02394

Quartile 30.05921

Maximum0.18837

Mean of quarter 10.00242

Mean of quarter 20.01629

Mean of quarter 30.04123

Mean of quarter 40.09841

Inter Quartile Range0.05078

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.05000

Mean of outliers high0.18837
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)0.34259

VaR(95%) (moments method)0.11266

Expected Shortfall (moments method)0.17887

Extreme Value Index (regression method)1.24934

VaR(95%) (regression method)0.11950

Expected Shortfall (regression method)0.00000
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)2.87082

Compounded annual return (geometric extrapolation)3.14938

Calmar ratio (compounded annual return / max draw down)16.71870

Compounded annual return / average of 25% largest draw downs32.00340

Compounded annual return / Expected Shortfall lognormal75.92000

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

Mean0.95400

SD0.32247

Sharpe ratio (Glass type estimate)2.95844

Sharpe ratio (Hedges UMVUE)2.94134

df130.00000

t2.09193

p0.40977

Lowerbound of 95% confidence interval for Sharpe Ratio0.15793

Upperbound of 95% confidence interval for Sharpe Ratio5.74788

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.14657

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation5.73611
 Statistics related to Sortino ratio

Sortino ratio5.29086

Upside Potential Ratio12.35070

Upside part of mean2.22697

Downside part of mean1.27297

Upside SD0.27231

Downside SD0.18031

N nonnegative terms78.00000

N negative terms53.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.23954

Mean of criterion0.95400

SD of predictor0.10886

SD of criterion0.32247

Covariance0.00157

r0.04469

b (slope, estimate of beta)0.13239

a (intercept, estimate of alpha)0.98572

Mean Square Error0.10458

DF error129.00000

t(b)0.50811

p(b)0.52844

t(a)2.13550

p(a)0.38304

Lowerbound of 95% confidence interval for beta0.64790

Upperbound of 95% confidence interval for beta0.38312

Lowerbound of 95% confidence interval for alpha0.07246

Upperbound of 95% confidence interval for alpha1.89897

Treynor index (mean / b)7.20608

Jensen alpha (a)0.98572
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.90169

SD0.31790

Sharpe ratio (Glass type estimate)2.83641

Sharpe ratio (Hedges UMVUE)2.82001

df130.00000

t2.00564

p0.41338

Lowerbound of 95% confidence interval for Sharpe Ratio0.03801

Upperbound of 95% confidence interval for Sharpe Ratio5.62422

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.02709

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation5.61293
 Statistics related to Sortino ratio

Sortino ratio4.91109

Upside Potential Ratio11.93430

Upside part of mean2.19117

Downside part of mean1.28948

Upside SD0.26397

Downside SD0.18360

N nonnegative terms78.00000

N negative terms53.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.23353

Mean of criterion0.90169

SD of predictor0.10884

SD of criterion0.31790

Covariance0.00141

r0.04089

b (slope, estimate of beta)0.11944

a (intercept, estimate of alpha)0.92958

Mean Square Error0.10167

DF error129.00000

t(b)0.46485

p(b)0.52603

t(a)2.04343

p(a)0.38787

VAR (95 Confidence Intrvl)0.03200

Lowerbound of 95% confidence interval for beta0.62780

Upperbound of 95% confidence interval for beta0.38892

Lowerbound of 95% confidence interval for alpha0.02953

Upperbound of 95% confidence interval for alpha1.82964

Treynor index (mean / b)7.54937

Jensen alpha (a)0.92958
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.02845

Expected Shortfall on VaR0.03637
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00961

Expected Shortfall on VaR0.02042
 ORDER STATISTICS
 Quartiles of return rates

Number of observations131.00000

Minimum0.94892

Quartile 10.99454

Median1.00345

Quartile 31.01147

Maximum1.11875

Mean of quarter 10.98252

Mean of quarter 20.99907

Mean of quarter 31.00723

Mean of quarter 41.02627

Inter Quartile Range0.01692

Number outliers low7.00000

Percentage of outliers low0.05344

Mean of outliers low0.95953

Number of outliers high4.00000

Percentage of outliers high0.03053

Mean of outliers high1.06601
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.49758

VaR(95%) (moments method)0.01804

Expected Shortfall (moments method)0.04051

Extreme Value Index (regression method)0.39944

VaR(95%) (regression method)0.01394

Expected Shortfall (regression method)0.02557
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations10.00000

Minimum0.00230

Quartile 10.01839

Median0.02394

Quartile 30.06282

Maximum0.18837

Mean of quarter 10.00827

Mean of quarter 20.02134

Mean of quarter 30.04069

Mean of quarter 40.10797

Inter Quartile Range0.04444

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.10000

Mean of outliers high0.18837
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)0.37346

VaR(95%) (moments method)0.13284

Expected Shortfall (moments method)0.23346

Extreme Value Index (regression method)3.22548

VaR(95%) (regression method)0.31406

Last 4 Months  Pcnt Negativen/a

Expected Shortfall (regression method)0.00000

Strat Max DD how much worse than SP500 max DD during strat life?288357000

Max Equity Drawdown (num days)21
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)1.18338

Compounded annual return (geometric extrapolation)1.53348

Calmar ratio (compounded annual return / max draw down)8.14060

Compounded annual return / average of 25% largest draw downs14.20330

Compounded annual return / Expected Shortfall lognormal42.16860
Strategy Description
Location: London
Experience In Markets: 15 years
Job Title: Equity Trader
Preferred Markets: Equity Futures
Sharpe Ratio: 1.01
Description from the strategy designer:
The focus of London Equities is to capitalize on stock markets worldwide. Our strategies typically build exposure to the long side of the stock markets, but in certain periods, and on certain occasions we may initiate the occasional short sell position, as well as building a market neutral portfolio when the market climate dictates.
Year on year equities will typically increase in value, and our strategies will aim to increase that natural appreciation in value, by a multiple of 2 to 3.
This particular strategy focuses on providing European exposure for your portfolio and will tend to invest into the DAX in Germany, the FTSE in the UK, and the CAC in France. Very occasionally this strategy may veer from solely European exposure if an opportunity presents itself in the global markets, but the main focus will always be European.
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.