Yet one more Forex system bites the dust! Are there no viable and sustainable Forex systems at C2? All promising ones eventually suffer the same fate ... crawl up the stairs and jump off a cliff. Sad, very sad.

I was auto-trading this system since it had a respectful history, until lately in which I lost more money than I expected. I stopped trading right away and it has since then gotten worse. I hope the system comebacks from this recent downwards performance, but ultimately had to stop trading the system. All I can say is watch out and give the system some more time to show it can prove itself to be a good system for trading. The developer did keep us updated with information and outlook, but performance counts more than anything else. It didn't perform while I auto-traded the system.

Trader has very poor concepts of W/L money management per trade. His trades avg only around 10 pips which is fine but he endures well into the 100s of pips drawdowns. You do the math. After hearing his "assurance" email it was clear he was grasping for large TF reversal when his profits should be of a 1 Minute chart. BEWARE if you consider your money worth anything.

Frequent small profits and occasional large multi-day drawdowns with the hope of closing these trades with small profits or digestible losses. In late July even cost averaging has been utilized for this purpose. Personally I would prefer a reasonable stop loss than hoping for the mercy of the market for days. Providing "sacrificial givings" in the form of adding to a losing position (ie. cost averaging) is also not my favorite act. After all it may turn out to be a profitable strategy on the long run, but occasionally it will keep you awake for sure. So don't forget to fasten your seatbelt.

I wrote to Tim to ask for a stop price to protect my investment during this crisis. Tim quickly provided helpful information to make me relax and finally this trade is profitable.