This system has a nice steady win percentage. He did exceptionally well during the high volitility in the fall of '08. This is one of the more reliable systems that I trade. He just has to make sure he doesn't get caught in a big drawdown.
Hard working vendor keeps on updating the system to get the best back test result. However, real time performance is getting worse. No stop in such volatile market combined with bad timing makes the system a "wish me luck" gambling machine.
Here is a system I could even recommend to my mother (if she ever traded futures, of course). Gabi is talented, and here he uses his skills to ensure a safe and reliable gain on a regular basis. Since he takes less risks by trading only on his strongest hunches and capital preservation in mind, the gains (and the fluctuations) are obviously smaller than on a riskier system. A great system for the moderately daring amongst us.
Make sure you're ready to have a position of up to $3,850,000 open at one time. Huge drawdowns. I should have stopped when my account lost the first $10,000!
At least recently, this system seems to lack discipline of any kind. It may work out long term, but it appears to be broken now. It is a tough market right now, but similar stock systems are still working.
Apparently the stop-loss is too liberal. After a short run of success, we lose all gains? Even after this begins to happen nothing is done to prevent further draw-down, although we are 18 days deep in losses? I'll stop-loss my end, then. : ) Good-bye system.
Perhaps a revision is due to the system. New subscribers beware.
Drawdown has struck again. System was overleveraged and traded like mad. Developer said he would adress the problem, but next day was even worse. In this state, system cannot be recommended.
Looks like the vendor is pressing to catch up. 4 losses out of the last 6 trades and another potential today. Needs to go back to waiting for high percentage shots to come out of the slump....
To the other subscriber about the price: it is not weird if you manage and pay for a portfolio of 10 different systems... having so many losing trades in a row is a killer, even in a portfolio, as their is an opportunity cost. Are you aware of what professional systems you can buy for $200 on the market?! In a managed accounts firm?... It is rather developers here and subscribers that have to be realistic...
AS I write my review, this is obviously not a good time for this system. However I still believe Helmut will turn it around and resume his profitable wins. What I cannot understand is how subscribers who shows concern about a $200 subs. fee stay with a system that can easily change their account value (up OR down) by $5-10k every month! That's just plain weird...
It's a bit of a spurt type system. Timing the subscription to this system is very important. It doesn't always go up, and has flat periods, like its present one. Communication has never been this vendor's strong suit.
I'm a relatively new subscriber to C2. I like the beginning and end of day signals however not much time (3:58PM) at the close to make two trades. Been forced to use after hours trading. The win ratio over time is about 2/3 based on 10 years of their own data at codedeep. Hopefully, that is what we'll see. Too early for coronations...
I've susbcribed to this system and discovered its main drawback : The Risk taken per trade. think about it : for some trades, the risk taken is more than 30% of a 10K capital. This is very dangerous. If you take the same risk, your capital can be wiped out with 3 bad trades.
On Feb 5th, this guy is down over 70% for the month. Are you freaking kidding me?? He has gone short GY, and kept adding to a losing position for 400 pips. He says he's been trading for 5 years, but this is a classic newbie mistake. And unfortunately it's cost me a lot of money. Idiot.
UPDATE interesting system, but low level of trades makes it difficult to assess whether this system is profitable and sound, or whether it just has not yet been hit with the big one. For now, will give 4 stars, which is good, given the very few promising systems here as of this writing. -- Index
I was monitoring the progress of this system and due to the conservative nature and solid trading skills I went live with $10,000. 2 weeks later and I'm down 50%. I have no idea why this trader has changed their style from being very cautious and accurate to someone who has no reagrd for money management. I can't believe what a turnaround this has been and it started happening the day I went live. This trader has no regard for good money management after all and I'm extremely annoyed indeed. I knew the risks but follwed Shadow Bankers own rules and lost the shirt off my back - stay well away!
Great system, but it has been inactive for quite some time now - no more "pulse". Is that because lack of opportunity (although the ES has seen wild swings which was -in the past- what this system wanted), or is there another reason? I really liked this system and only discovered it last december... Don't go away please!!! I wouldn't complain if you started charging for the signals. In fact, I would encourage it. So bottom line: excellent system, lack of signals, hence 4 stars "only"
This system has the tendency to pyramid loosing trades and has been fortunate that these have worked out in a positive manner. I think the size of the initial trade, usually a single mini NQ is small enough to provide the fractional trading evidenced by the pyramiding technique. Of all the systems we follow this has been the most profitable! Great job!!