Since I discovered C2 earlier this year, I have been in and out of several systems trying to find one that matches my trading style and investment goals. I have definitely had my share of disappointments. But several months ago I found Topaz NQ100 M and I have been extremely happy with the results. The provider appears to be a smart and professional trader and is great at communicating with his subscribers. The longevity and track record of this system speaks for itself.
In my opinion, 'Enchante' is a disaster waiting to happen. A high percentage of profitable trades and seemingly smooth equity curve seem attractive at first, but this is only superficial. Enchante routinely adds to losing positions when entering too early. Nearly never does it cut losses but instead it closes a position only when it is barely in the green again, indicating lack of a clear profit target. Stop-losses are in place but are inevitably widened as price worsens, indicating lack of a clear exit strategy. Intratrade DD is often extreme compared to per-trade profit. The trading style creates a mirage of a good system, not unlike the martingale staking-system. This may work for a while, but I strongly believe it will someday crash spectacularly. A system not for the faint of heart.
Trades are generally against the trend and vendor is trying to find the tops and bottoms that is hopeless. If your losses are higher than winners, you have to be very consistent and unfortunately that consistency has been lost recently. Avoid.
Now about one year old with a smooth equity curve, low drawdown and great statistics this is just about perfect for what the doctor ordered for my psychological well being. It also can be eaily auto traded via TB/IB. I wish there were more systems like this on C2.
no consistent strategy. Haphazard trades with very short-sighted market knowledge and
any system where 1 loss wipes out 2-3 winners is bound to become loser sooner or later
Very new to the system but wanted to say how impressed I was with the system creator's super-fast attention to a couple of questions I sent him. I would expect that from a paid system but not from one still free. Also, difficult not to be impressed with the track record posted to this point.
I would not recommend this system. Vendor seems to switch between strategies. He went from longer term trades to a series of short term trades on Nov 21-23, and has recently started using stops. There was a 12-4-2010 forum post where he did not understand the trading hours of currencies. Sometimes you get what you pay for.
I liked the system premise detailed on the site, and the web-site of the developer. A few good trades/good gains, but the net (negative) trend in equity over the last two months is more than i am comfortable with, especially if compared with a couple of other systems i am using, which are either flat or up. i don't have enough insight into the system to infer why it is not working at present, and if temporary or just not a viable system, but have decided to drop subscription.
Best wishes to all for good trading in 2011!
System manager is a genuinely nice guy and seems very competent. Actually suggested that I sign up after Christmas due to a slow down in trading - a sure sign that he is a professional not just out to try and skim a few dollars from a person. Unfortunately didn't get a chance to trade any signals as it is not a daily occurrence and in hind sight a poor time of year to have had my trial but if you trust the C2 trade history then this appears to be a decent system
Sorry to say, but this system does not work anymore. If you take the signals as contrarian and do the opposite of what he recommends, then you make money, otherwise, you lose.
Too bad, another system gone bust.
I dont understand very well how the system works. It would be interesting to have more details on it. It would be nice to know if its a momentum system or contrarian one. Beside everytime there is a new trade we dont know where is the stop loss or profit target level. Would be fantastic to know it as soon as we open a trade .
looks like the only one making any money with this system is the developer with his overpriced subscription fee. This system is a great candidate for the pay only if profitable.
Ditto!! Dec.7 Review is right on. System is also great if you are stuck with a gen3 broker like Optionsxpress that has issues with systems that submit alot of limit orders.
11% drawdown since the beginning of November. Looks very similar to the drawdown back in May. Back then the System recovered and went on to more gains... YMMV. Needs to be auto-traded unless you enjoy missing sleep.
The system is valid as for trade picking, but it isn't as for position management. In fact a basic rule should be raising stop loss to breakeven when reached a significant gain and another should be not keeping positions opened through the week end (specially if they are contracts regarding crosses).
None of these rules is followed by this system. Unfortunately.
Can't hold on any longer although this system could turn around and put together a string of winners. No disastrous trades but small ones which over time are drawing down my equity along with the $100 monthly fee.
There's better systems around but I will keep Timer on my watch list
The 2 star review was too harsh, but the 5 star review is too enthusiastic. The system still only has 41 trades under its belt and less than 1 year of history, so it is too early to say if it is just a hot streak or whether this system will really be robust and consistent over time. Also the management of stop losses leaves something to be desired, as the most recent trade barely missed the profit target and was allowed to reverse all the way into a large loss. It seems to me that it might have been prudent to adjust the stop loss to a breakeven stop once the position had a solid profit. So I give this system 3 stars for solid steady performance thus far. Protect profits better and I would say 4 stars. Keep it up for over 1 year and 100 trades and I would say 5 stars.
I have tried many sytems in the past and this is by far the Best one so far , not only because it is winning so far but it makes mathamatical sense .It should continue to be successful and I would highly recommend it Thank you to its creator
Joe S
With a brief experience so far, I can give no better evaluation perhaps than that I have my money with this vendor. His communication is timely and forthright. And much appreciated. Above all, RESULTS are encouraging!
Very good track record, high win percentage, solid annual return, reasonable draw down and reasonable subscription price. System creator responds promptly to questions. Overall, probably a near exemplary system!
