I'm going to keep "Faith in Research" on my watch list to remind me how things can go so right and then so wrong with no recovery. Provider stuck by his system all the way to the end. Had what appeared to be a good strategy, communicated about trades and answered questions promptly. Even limited number of subscribers so he could concentrate on the trades. It was going to be perfect.
Another typical system here at C2. Two or three months up with luck, afterwards collapsing like a dead horse. What kind of logic do these "systems" have? My conclusion is that no futures-trading-systems at collective2.com will live longer than 12 or 24 months. That's true. Every new person who enters this site should consider this.
System has duly blown up due to the vendor taking huge gambles and not managing losing positions and cutting losses. With hindsight, the "systems" early "success" was just luck which has now run out.
I am sorry to say,
but this morning (ET 5/2/11 3:02) a huge loss was incurred due to a wrong signal resulting in a loss of -130%. I know because I subscribed to this system. Clearly a mistake. I don't know whether this is due to Collective 2 or the system developer, but it would have been wiping out your account in a matter of minutes. I have traces, for the interested...
Any case, a few hours later , statistics are corrected and do not reflect any longer the real situation... Do not trust the statistics on this system, they are not reliable any longer..
Just one Word: SILLY!
Cant seem to figure out whether its coming or going.
And now the developer wants to charge an "incentive" fee by varying his rates based on previous months performance. So after losing 28 percent in March, what is the fee going to be next month? Minus $200?
I joined Faith In Reach for almost a month due to its excellent result of the last 4 months. During this one month, there were a lot of mixed results. A gain in one week can virtually wiped out in one day. At time I can be nervous about the pending trades but the developer seemed to pull good number over all despite of some quick and deep pull back. I will stay with the system as long as the overall results are good but will not be surprised if deep and quick Draw down occurs. I'm trading this system along side with other more diversified and matured systems. Hope the developer of Faith In Research can continue his magic to obtain good numbers.
A few people must have dropped out of this system with the recent drawdown, since it is again open to new subscribers. It may not be open for long. The vendor does take risks and has incurred some pretty significant drawdowns, but that is to be expected with the sizeable gains he seems to consistently make. I personally think $30K is too small of an account to trade this system at the recommended trade sizes, but I probably have a lower tolerance for risk than some. If he can keep up these profits after a full year without blowing up the account, I will definitely bump up my review to 5 stars. For now I am tentatively impressed and enjoying the ride.
review space is limited, so key points are: - developer helpful and responsive - good use of risk management/stops - does not seem to keep losing trades open in the hope of it recovering (to improve stats) - great returns so far. Slippage has been a negative for me, but still best i've found on C2 so far. best wishes!
