"I think what some subscribers want, is a system that makes 300% a year, and is totally automatic and completely risk free…"
Ross, you only just worked that out??
Maybe he’s counting each leg of a round-trip trade, and throwing in an additional leg to cover shipping and handling.
And here is why free-trial subscribers shouldn’t be allowed to rate a system:
“Free Trial for 7 days, no trade signal received. To Bad.”
Gave system one star due to his inability to go to system’s page and see open & new trades. I suppose he also didn’t know how to read his email, since it is also sent there. No comment on the inability to distinguish “too” and “to”.Now the vendor suffers a 1 star rating from the clueless…
This review contains a complaint about C2:
this system is a big scam , the developer are days that dasn’t login and at this point i have some doubt about collective2 because why they accept a system and a person like this one
I don’t agree with the comment about C2. It is not C2’s task to judge a system. C2 provides the data; the subscriber is the judge.
System: SNIPER 4X
"i lost more than 50% in 15 days!!! dont subscribe for this!!!"
The system didn’t lost 50% as of today. I can call it improper scaling of TC by the subscriber or simply greed/overleverage.
Eu
Real issue here is one of scaling. For example, lets look at RT Forex North, if the subscriber has a $ 5,000 to $ 10,000 mini account with FXCM, he could do 40 k mini lots when I do a 40 large contract trade. This means for every 10 pips, he or she would make $ 40.00.
If the scaling is set correctly, you should have the same level of draw down as the system vendor.
I would be happy to answer any questions on size. I think the problem is you have people who never traded in their life doing 1 for 1 contract trades, and a small draw down blows up their account. These people don’t ask the vendor simple questions. Obviously, there are some vendors that don’t answer. I was subscribed to rocket science. I asked him a simple question on where I should have a stop loss, and he did not reply to me, so I unsubscribed to his system before it blew up.
Review of Team Aphid:
A little tough to follow manually, and the performance has been flat since I started, but I consider that pretty good.
Yes. What more can you ask for in a system – it breaks even, and is only $250 a month ??
I hate to see what this reviewer was following previously…
(subscriber review about EuroPips): 1 Star
"I have received a mail from C2 that the owner of the trading system, Larry FX, will no longer allow “Free AutoTrader Subscriptions.”
Subscriber is angry that a system vendor makes a decision about his own system? This is worth blasting it with one star?
Very nice. He could wait (at least) until we’ll resolve the money we have lost at him since mid November."
I guess it is also the vendor’s fault that the subscriber happened to start during an equity curve peak…
This has to be one of most clueless reviews I have ever read, I pity the vendor of FX45 that he has to put up with idiots like this:-
"This system is overrated , take a day like today Friday July 11, 08 there is a major sell off on the gbp-jpy and a rally on the gbp-usd and yet this system issues no trade , and these are its major trading pairs. This was the same event over the last piror 2 weeks, after a major move it enter the market against the trend after the large move which lead to what you see now over 300 pip D/D. During this month Non Farm Payroll it kept 2 trades open which lose (Class 1 news release). WE all know that brokers will gap your stop and yet because the trades where in a lose before the release they just left it open and "Hoped and Prayed" unless you are a member you would not know their style of trading when they leave the trades open, It was the same event during UK retail sales both class 1 news."
it breaks even, and is only $250 a month ?
Well… b/e is good result nowadays and $250 to stay in line is cheap lol
Best review that I’ve ever seen on C2 was from a person who declared that he/she left his/her job because performance of C2’s system allows it.
Unfortunately, the review was removed from hawk-fx by reviewer(?).
Eu
True. It is always nice when subscribers tell vendors when they should be trading, without understanding the logic behind the system
"there is a major sell-off and yet this system issues no trades"
Jon and Ross, thank you for your comments.
It was really strange to receive that kind of comment which accuses you why you don’t trade today, why did not you catch the x last moves in GBP, why you do have 1,87% max DD (yes only 1,87% max DD or 360 pips roughly). He is even questioning why I don’t close my position before the data release. (If you close every position before a data release, than can you trade properly?)
and I have answered all the questions of this subscriber politely even when he was rude.
And at the end he writes bad comments to every place in C2, “subscriber reviews”, my analyst page…
He posted me a last PM, he is still accusing me with something (Was I responsible for 9/11?, was I responsible for the high oil prices? [No I dont trade oil] why I dont to something about starvation in Africa? :):)) after writing my rebuttal to his subscriber review. He ended his words, “It is time for me to move on”.
I am saying the same and I am moving on too. It seems clear that you should deal people like this when you are serving customers in this business.
FxGrup Trader,
[LINKSYSTEM_31320250]
"He ended his words, "It is time for me to move on". "
It is sometime easy to see the 90% who lose their money in trading.