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is not indicative of future performance or success.
There is a substantial risk of loss in trading. You should therefore carefully consider
whether such trading is suitable for you in light of your financial condition. You should read,
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I think we can agree there are several classifications of strategies out there.
Downright ripoffs and the ones have huge short term fake returns.
Aggressive but nevertheless viable strategies that will eventually have large drawdowns
Sensible but aggressive strategies
Moderately aggressive strategies
Conservative and not sexy strategies
At C2 I think we would all like to weed out the no. 1’s and hope the no. 2’s and 3’s can stay consistent.
Its also obvious that the no. 5’s are not popular for the typical C2 investor since conservative returns can probably be made in areas such as real estate or ETF’s without the risks.
I can’t dispute the facts but I am autotrading it so I am putting my money where my mouth is. I believe that TOS certification for this system is new so that could be one factor, and the trading style may not be everyone’s cup of tea (takes trades outside of normal market hours)
Thanks I put it on Sim - to be honest I really only like to look at systems that survived the Feb 2018 drawdown but I will keep an eye on what you are doing going forward - thanks.
@AlgoSystems, I agree with the diagnosis of the problem. I do not think the solution goes through regulatory aspects. Within a free environment, what we can demand is transparency. The strategies, during some months or years, will show their strengths and weaknesses. The most important thing, from my point of view, is that the investor has all the information necessary to make their decisions.
I don’t think any of the Vixtrader are TOS. Either is vixtrader professional or vixtrader ultimate. Actually none of the 6 strategy he has is TOS.
I do like TOS strategy more than none TOS, just I know they can’t really martingale and margin req is realistic.
I doubt there is any statistics will show TOS vs non TOS, but I would like to see % of TOS strategy that blew up vs % of non TOS strategy that blew up would be the difference. Because your trading mind set is different when u are trading real money vs paper money.
I’m 100% agree that c2 should have some regulation on how to stop bad developer keep coming back with new user name and able reset their bad history over and over. If you are going to create high risk strategies, then you better willing to risk transparency we know how many strategy you have blew up or knowing your reputations on c2 might be over. So some kind of identity or passport verification would be an easy fix if you want make a living as a developer,
On this post and on this forum people keep mentioning c2 is a great place for NEW developers. I’m 100% disagree with this opinion. If you are a new developer or trader. Go develope or test your new system on your own, Test the system, make some money on it in real life then come here to manage others money!
You are at the wrong place. Please go to a CTA, CFA, or registered Financial Advisor, if you want your money managed. C2, unless they change their business model, is to provide signals only (which has nothing to do with managing money). Go to FINRA or NFA site and they will clearly disclose the difference between trading advisory and just plain old providing signals. I think you are trying to get your needs met at the wrong website.
Barclay’s has a very good list of CTA’s ranked (for futures), they also have a list of very good Financial Advisors (for equities) that can do what you are looking for. Barclay does all the background investigation and due diligence before a firm can get on that list. It’s a very good list. Barclay’s does charge a fee, but it’s well worth it.
C2 is where I research systems in real-time. So subs is only for offsetting the cost C2 charges me, If i get subs, great, if I don’t it doesn’t matter. And I definitely don’t want any subscribers that want their money managed. I am trying to do that poster a favor. From their posts, it sounds like a CFA/CTA is what they need/want.
The fund I work for last year handed 100 mill to one of those CTA’s. Lots of big funds distribute the extra portions to the small successful CTA. Something like that would be perfect for the poster (if they trade futures), CFA if not.
@InTheMoneyResearch, you are incorrect about that. Many of the developers/owners want to make money as well. If you don’t want to make money then why not use ninjatrader or IB paper trading platform?
Of course they can’t trust! Use common sense. How can you trust someone to manage your money, when they don’t have their licenses first of all (Series 3/6/7, 50, 55, and more depending on the market/instrument) No way to verify if the developer has his CFA 1, and 2, CTA and host of other licenses required if the developer was to manage money professionally.
This is a meeting place for signal provider to provide a signal and the person looking to get a signal. No money management/financial adivsory is allowed here, or every developer will have to get licenced and registered. FINRA and NFA is very clear on this.
Of course there’s no guarantee, but when the CTA messes up you can legal go after him. We have done
it successfully many, many times. Example, if a CTA says he will use stop, and he doesn’t, and we lose money. He is legally liable, we can and have gotten money from those. Where as a signal provider, there’s no recourse, so there is more accountability through a CTA, not a guarantee he will make money.
But you are right, more transparency and more tools for the user will make things better for C2. I just think people are trying to reinvent the wheel. From all the posts, sounds like they want a trading advisory, not a signal provider. Which are two different things.
That is not a fair characterization of what happens here. Without autotrading then yes I would agree but with autotrading the system owners are directly placing trades into subscribers accounts. Subscribers can override trades and manage them manually but the default is that the trades happen automatically without any intervention by the subscribers. That is far more than just being a signal provider.
