Can you scroll down to since inception? Not just this month?
I just saw a twitter ad by Collective2. Just for forex is the largest AUM pre March.
Wouldn’t surprise me, he had 80 odd subscribers and a number of those were trading it(400K) at 1-4x !
I unsubscribed when the strategy crashed. 8 subs in autotrade as of today…author sent a couple of messages after the meltdown saying he was working with C2 to improve the strategy. Not sure anything has changed since.
I wonder whether anyone is still interested in following JFT…don’t bother asking for a discount, I did, no reply as usual…
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Why do you want a discount? If a system can go to zero it’s not a good idea even for free!!
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True, but was a good idea for over 4 years…a 20% hard stop would change everything in hindsight.
The creator of “Just Forex Trades” is a brave soldier indeed.
Suffered such a huge drawdown, he could still trade as usual and restore the DD gradually.
I admire him very much.
Perhaps I could not trade well as him when I was in his age.
I believe he could trade better and better if he can 100% throw out his trading logic which is completely wrong.
To me the most fascinating aspect of this entire strategy is the fact that since the drop it continued trading and hasn’t been able to have anywhere near the performance it had before. For example, from May 2020 until today, it has mostly lost money at a pretty consistent rate. Though as I say this I look at the leverage graph and that is pretty crazy…
To me it seems that one of the best additions that could be made for C2 and its subscribers is a some sort of leverage cap. In other words, if this trader has been using less than 20 times leverage for 5 years, I want to have some sort of guarantee that a trade leader can’t just suddenly use 95 times leverage. This fear is what keeps me out of most strategies.
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It’s not simply about the leverage, but the trading logic.
If his core logic is wrong, the huge DD would emerge sooner or later. When it happens, the creator would have to use higher leverage and try to restore it. However, due to the wrong logic, the DD would be higher and higher in most cases.
Investment is an art.
We should not only focus on short-term performance. Instead, we need to know the key logic of the strategy, such as automated or manual, technical or fundamental, over-optimization, grid & martingale, scalping…
I agree with you that the logic is key. I’ve not delved deep enough into the strategy to fully understand the logic. But any strategy that can suddenly use 5 times larger leverage than it did in the past 5 years isn’t for me.
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I guarantee only pre-mature traders would match your criteria.
The volume for high confident and low confident trade should not be the same.
We may use 1:1-1:2 leverage for tactical position, and 1:3-1:6 leverage when the trend confirmed.
In case the trader do not know which one is a potential better opportunity, definitely he will trade on fixed risk.
In my 11 years full-time trading career, I did not see any professional traders trade with fixed lot size or leverage.
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I’m fine with changing leverage for higher confidence trades. I’m not saying it has to be fixed. I’m not fine with five years of changing within a certain range of leverage of say 1-6 then suddenly going to 30 times without any warning or acknowledgement in the description that it should be expected as a part of the normal strategy to suddenly use 30 times leverage. Nearly everything that has a massive and sudden 80% drop happens in this way.
I simply want developers to declare what there Max leverage in their range is. Is it 1-6? Is it 1-30? Is it 1-100? Then I would like a C2 method to hold them to it. Such as don’t pass on signals that take the leverage above that or something. People can choose how much leverage they want to allow or use, but then subscribers have some knowledge ahead of time what can be expected.
Have a good one!
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