I was an autotrader during the free trial. The system was doing great until the most recent trades. The trades are down huge and the money management is just not here in this system. This is a very high risk system as the trader will allow trades to go against him by a large margin.
Looks consistent, but no stops at all are being put in. Therefore I cannot consider the system as professional. Even a stop 1 % away would be better than none!
Not very good lately. Some bad calls and poor risk management after the fact resulting in missed opportunities and significant losses. I would rec. watching to see if things get back on track first.
I have been a subscriber for a short period and use the ATM to receive trade signals. Like other comments here I find the posted fills a fantasy. I am extemely attentive and respond immediately to all Instant Messages but cannot come close to achieving the posted fills. The entry points are very good and scaled orders may be appropriate.
I wish other trading systems would learn from BRIS to be conservative with money managing as well, as even if some have good winning ratios, they go under with one bad move; not in the case of BRIS.
I think a 7 day free trial period is too short a time in which to fairly evaluate Options in the Green. The standard for most services in this industry is a month.
I have been a subscriber for many months and, using AutoTrading, receive fills that are almost identical to the fills posted on C2. Unlike some other systems, the system owner seems conservative, doesn't take huge risks, and has created a very good system. Highly, highly recommended!
I would normally give this a much higher rating but the developer has not publicly shared results or details of his own trading with this system or of backtesting so let the subscriber beware, or be aware. If the trade risk of this system can be quantified this could be a very good system, but for now I have to say the risk factor is unknown.
NOTE: this review was originally submitted on 11/22, before the large drawdown today (11/23)
limit orders which were often NOT filled in real-life trading for me. Usually good signals but wrong ones went VERY wrong and system tried to double-up and hold overnight rather than take quick loss, which was not acceptable to me, so I cancelled.
I have been working with this system for a few weeks now and am very impressed with the results thus far. Tried other systems, and this is one of the better ones for futures trading that I've found. One word of caution to those considering, sometimes will add to position when in a losing situation to ultimateily close out for a profit. Be careful on your risk, or you will be subject to over extending yourself. Other than that, keep up the terrific work IMO Team!
I have to echo the comments of another reviewer that the double and triple downs are something not everyone can afford to do. I realize options are risky, but at some time you have to take a loss that is of limited size as opposed to risking even more $$ buying a larger position at a lower price in hopes of breaking even.
This system has a high stop loss, which is around 50%. The average loss is 3 or 4 times to average win. When the position is down, the author does double downs or even tripple downs. Some clients cannot afford to follow these actions. This system has a number of winning trades (which is around 5-10 percent profit), but has a few losing trades (which is around 40-50 percent loss). That can wipe out all profit accumulated through out the life of this system. I would be a good system if the author would limit the loss to something less than 20 percents.
Although Dave recommends huge quantities of stocks which simply can't be filled in real-life (the markets aren't big enough), this is a good system if you allocate a small, sensible amount of capital to it. You won't be able to buy 10,000 shares of things, but you will be able to buy 500 shares of things.