I just want to say that I’m perfectly fine with the price increase to $500. I’ll be more than happy to pay that in one year if the returns continue being over 15% monthly with a 10% max DD.
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Was this crashed today? Looks like today loss over 6K and DD over 20%.
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I just had a platform malfunction. Stops said initializing and wouldn’t submit. Orders I had sitting out added to the position. Even a market order said initializing and wouldn’t exit. I called the trade desk. They needed to first find out if I even had a position before manually exiting me. Not good. I’ll probably be offline while I look for a different platform.
MegaManTrading,
Are you trying to say you had orders sitting to add to positions without the STOPS in place !
Stops said initializing. They were an orange color in Ninja Trader. Then they said submitted but still were orange. Orders turn a cyan blue color normally. Platform support is requesting my log files to see what happened. Stops were there and were not honored. I saw them in control center of Ninja Trader. Even the trade desk took some time to find out if I even had a position.
Since your trade setup, for whatever reason, cause a major loss to your subscriber may I suggest that you offer at least one free month to all affected subscribers. Other developers have done so in cases like this.
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I second this.
As you seem to analyze other systems’ and vendors’ subscription models (price, etc), you may as well follow their lead in this regard as well. Some actually offer this not for one month but “till we make up for the loss.”
Again: this would be only for affected subscribers so it would not contradict your “no more free months” policy.
As to today’s crash: while we appreciate the circumstances it doesn’t affect our bottom line. And while you are offline (looking for another platform), we will not (start to) make up for the loss,
On this note: you mention in the description of your background that you were doing this for 10 years. How often did this happen to you? If often, why didn’t you switch platforms already? Or is this the first time? In 10 years??? Seems to me (correct me if I am wrong), that when joining C2 (that was 2 months and not 10 years ago) you made some changes in your setup. If this is the case, then platform bug notwithstanding you risked our money. (I don’t care about TOS but that is a different thread.)
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I am OK with your suggestions. I first want to hear back and see what the issue was. I most likely will be searching for a new broker and new platform. Probably AMP Futures. Ninja has my log files. I won’t be taking trades until I hear back or open an account somewhere else and get a new platform. After that’s squared away, your suggestions seem fair.
Hello,
I’ve kept up with this thread without comment but keen interest. I see it different.
Trade on 5/23: warning sign. 8.65% DD
Trade on 5/24: warning sign. 11.01% DD
Trade on 6/14: warning sign. 6.65% DD
Trade on 6/18. warning sign. 8.03% DD
Try keeping your DD below 5%. Free advice from someone that’s been around the block once or twice. Just my very humble opinion.
Good day
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Thanks @O5355p
I disconnected my platform and am now in search of a new broker and new platform. Clicking a button to exit and nothing happening was my warning sign.
They can’t even tell me what state unknown even means. Normally says filled or cancelled. Anyone here have a good reliable platform recommendation?
Interactive Brokers.
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Infinity Futures is also a good platform for Futures n Commodities.
Thanks @MatejGlavas and @BBTC
I’ll check those two out.
Much easier to give advice others then follow it by yourself. 
I guess he meant drawdowns per trade…
Hello @JITF
DD per trade. That’s why I highlighted the trades that were warning signs. Please look at my record and let me know which trade of mine had a DD greater than 5%. Since we’re using Gyazo for pictures here, I’ll post some of my own.
Payoff Matrix had its first trade on 12/05/2017 so it’s a little over 6 months old. Backward Induction had its first trade on 2/20/2018 or around 4 months old. These pictures are directly from my C2 dashboard. Both strategies seem to be profitable. And from the trade record, I didn’t run across any trades that had a DD over 5%. In fact, my biggest trade DD was 2.09% while still profitable.
Trading is about managing risk. Yes Payoff Matrix has gone sideways for the last few months or so. It’s still profitable and the risk is tight. Payoff Matrix has drifted sideways and yes gave back some profit. That’s over a 4 month period. Payoff Matrix isn’t losing over $6000 in one day. You’ll never see that. Maybe it was a platform malfunction but I know a lot of traders that use NT with no problems at all. I’ve just never heard of NT having a malfunction like that. There was also warning signs. The platform didn’t malfunction on 5/24 for a 11.01% DD or the other 3 trades I pointed out.
Good day
Backward Induction:
Payoff Matrix:
Thanks for sharing your stats.
Makes me think about risk management. Is it indeed the one and only measure of successful trading? Not that I am happy losing $6,000 in one day.
Both of your systems cost $500.
Assuming all subscribers joined at day one and assuming the price of your systems were the same from day one. (Of course neither of these assumption are accurate but this is what we have.)
Backward Induction in 4 months cost $2,000 so the current net profit for a subscriber is $5,386. For 4 months it is roughly 10%, i.e. 2.5%/month not compounded.
With similar calculation Payoff Matrix made a subscriber 1.3%/month, not compounded.
The two systems for all your subscribers (10 and 15, respectively) combined made $122K.
During the same period you collected $60K subscription fee.
I would say, yes, you are a master of risk management.
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And it is based on the very optimistic assumption about all subs joined at the very beginning. In reality I would suspect that a lot of subs started later, at the peak and are desperately waiting to get out of the drawdown.
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Lets call things their names - Payoff Matrix doesn’t “go sideways”, it is losing money 4 months in a row, and it doesn’t “seem profitable” anymore, your new trading style implemented in February brings losses.
Your first auto-trader joined on 12/12 at 51,972$ equity. Now you have 53,645$ equity. +1,673$ in 6.5 months for very 1st subscriber(s). So approx. 6% annual profit with max dd of 13.4%. But -7,800$ for subs joined in February.
I think that in overall your subs on this systems lost money.
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