C2 slow steady
(142012072)
Subscription terms. Subscriptions to this system cost $50.00 per month.
C2Star
C2Star is a certification program for trading strategies. In order to become "C2Star Certified," a strategy must apply tight risk controls, and must exhibit excellent performance characteristics, including low drawdowns.
You can read more about C2Star certification requirements here.
Note that: all trading strategies are risky, and C2Star Certification does not imply that a strategy is low risk.
Pairs Trading / Relative Value
Seeks to exploit differences in the price or rate of the same or similar securities. The relative value fund trades on gaps, rather than the price of a specific security aloneRate of Return Calculations
Overview
To comply with NFA regulations, we display Cumulative Rate of Return for strategies with a track record of less than one year. For strategies with longer track records, we display Annualized (Compounded) Rate of Return.
How Cumulative Rate of Return is calculated
= (Ending_equity  Starting_equity) / Starting_equity
Remember that, following NFA requirements, strategy subscription costs and estimated commissions are included in markedtomarket equity calculations.
All results are hypothetical.
Jan  Feb  Mar  Apr  May  Jun  Jul  Aug  Sep  Oct  Nov  Dec  YTD  

2022  +5.4%  (3.7%)  (5.9%)  (4.5%)  
2023  +15.4%  (3.6%)  +7.8%  +2.9%  +1.1%  +2.3%  +9.1%  (3.3%)  (6.8%)  +25.5% 
Model Account Details
A trading strategy on Collective2. Follow it in your broker account, or use a free simulated trading account.
Advanced users may want to use this information to adjust their AutoTrade scaling, or merely to understand the magnitudes of the nearby chart.
Started  $50,000  
Buy Power  $25,719  
Cash  $36,144  
Equity  ($10,425)  
Cumulative $  $11,366  
Includes dividends and cashsettled expirations:  $282  Itemized 
Total System Equity  $61,366  
Margined  $0  
Open P/L  ($10,425) 
Trading Record
Statistics

Strategy began10/3/2022

Suggested Minimum Cap$15,000

Strategy Age (days)357.56

Age12 months ago

What it tradesStocks

# Trades226

# Profitable177

% Profitable78.30%

Avg trade duration13.2 days

Max peaktovalley drawdown12.34%

drawdown periodOct 26, 2022  Jan 03, 2023

Cumul. Return19.9%

Avg win$181.14

Avg loss$397.45
 Model Account Values (Raw)

Cash$36,144

Margin Used$0

Buying Power$25,719
 Ratios

W:L ratio1.68:1

Sharpe Ratio0.93

Sortino Ratio1.52

Calmar Ratio2.102
 CORRELATION STATISTICS

Return of Strat Pcnt  Return of SP500 Pcnt (cumu)1.94%

Correlation to SP5000.46200

Return Percent SP500 (cumu) during strategy life17.92%
 Verified

C2Star0
 Return Statistics

Ann Return (w trading costs)20.1%
 Slump

Current Slump as Pcnt Equity10.90%
 Instruments

Percent Trades Futuresn/a
 Slump

Current Slump, time of slump as pcnt of strategy life0.16%
 Instruments

Short Options  Percent Covered100.00%
 Return Statistics

Return Pcnt (Compound or Annual, agebased, NFA compliant)0.199%
 Instruments

Percent Trades Optionsn/a

Percent Trades Stocks1.00%

Percent Trades Forexn/a
 Return Statistics

Ann Return (Compnd, No Fees)23.2%
 Risk of Ruin (MonteCarlo)

Chance of 10% account loss15.50%

Chance of 20% account loss0.50%

Chance of 30% account lossn/a

Chance of 40% account lossn/a

Chance of 60% account loss (Monte Carlo)n/a

Chance of 70% account loss (Monte Carlo)n/a

Chance of 80% account loss (Monte Carlo)n/a

Chance of 90% account loss (Monte Carlo)n/a
 Automation

Percentage Signals Automatedn/a
 Risk of Ruin (MonteCarlo)

Chance of 50% account lossn/a
 Popularity

Popularity (Today)581

Popularity (Last 6 weeks)925
 Trading Style

Any stock shorts? 0/10
 Popularity

C2 Score857

Popularity (7 days, Percentile 1000 scale)804
 TradesOwnSystem Certification

Trades Own System?

TOS percentn/a
 Win / Loss

Avg Loss$430

Avg Win$182

Sum Trade PL (losers)$21,059.000
 Age

Num Months filled monthly returns table12
 Win / Loss

Sum Trade PL (winners)$32,143.000

# Winners177

Num Months Winners7
 Dividends

Dividends Received in Model Acct282
 AUM

AUM (AutoTrader live capital)60934
 Win / Loss

# Losers49

% Winners78.3%
 Frequency

Avg Position Time (mins)19041.50

Avg Position Time (hrs)317.36

Avg Trade Length13.2 days

Last Trade Ago6
 Leverage

Daily leverage (average)0.83

Daily leverage (max)1.81
 Regression

Alpha0.03

Beta0.43

Treynor Index0.11
 Maximum Adverse Excursion (MAE)

MAE:Equity, average, all trades0.01

MAE:PL  worst single value for strategy

MAE:PL (avg, winning trades)

MAE:PL (avg, losing trades)

MAE:PL (avg, all trades)1.13

MAE:Equity, average, winning trades0.00

MAE:Equity, average, losing trades0.01

Avg(MAE) / Avg(PL)  All trades7.832

MAE:Equity, losing trades only, 95th Percentile Value for this strat

MAE:Equity, win trades only, 95th Percentile Value for this strat

MAE:Equity, 95th Percentile Value for this strat0.00

Avg(MAE) / Avg(PL)  Winning trades1.277

Avg(MAE) / Avg(PL)  Losing trades1.091

HoldandHope Ratio0.150
 Analysis based on MONTHLY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean0.29991

SD0.20410

Sharpe ratio (Glass type estimate)1.46945

Sharpe ratio (Hedges UMVUE)1.35593

df10.00000

t1.40689

p0.09488

Lowerbound of 95% confidence interval for Sharpe Ratio0.70704

Upperbound of 95% confidence interval for Sharpe Ratio3.57993

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.77569

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.48755
 Statistics related to Sortino ratio

Sortino ratio3.85040

Upside Potential Ratio5.46394

Upside part of mean0.42560

Downside part of mean0.12568

Upside SD0.19824

Downside SD0.07789

N nonnegative terms7.00000

N negative terms4.00000
 Statistics related to linear regression on benchmark

N of observations11.00000

Mean of predictor0.20754

Mean of criterion0.29991

SD of predictor0.14667

SD of criterion0.20410

Covariance0.01838

r0.61392

b (slope, estimate of beta)0.85429

a (intercept, estimate of alpha)0.12262

Mean Square Error0.02884

DF error9.00000

t(b)2.33319

p(b)0.02226

t(a)0.63541

p(a)0.27049

Lowerbound of 95% confidence interval for beta0.02601

Upperbound of 95% confidence interval for beta1.68258

Lowerbound of 95% confidence interval for alpha0.31391

Upperbound of 95% confidence interval for alpha0.55914

Treynor index (mean / b)0.35107

Jensen alpha (a)0.12262
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.27800

SD0.19552

Sharpe ratio (Glass type estimate)1.42186

Sharpe ratio (Hedges UMVUE)1.31201

df10.00000

t1.36132

p0.10165

Lowerbound of 95% confidence interval for Sharpe Ratio0.74774

Upperbound of 95% confidence interval for Sharpe Ratio3.52724

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.81432

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.43835
 Statistics related to Sortino ratio

Sortino ratio3.46978

Upside Potential Ratio5.07407

Upside part of mean0.40653

Downside part of mean0.12853

Upside SD0.18647

Downside SD0.08012

N nonnegative terms7.00000

N negative terms4.00000
 Statistics related to linear regression on benchmark

N of observations11.00000

Mean of predictor0.19583

Mean of criterion0.27800

SD of predictor0.14453

SD of criterion0.19552

Covariance0.01763

r0.62396

b (slope, estimate of beta)0.84407

a (intercept, estimate of alpha)0.11270

Mean Square Error0.02594

DF error9.00000

t(b)2.39539

p(b)0.02010

t(a)0.61988

p(a)0.27535

Lowerbound of 95% confidence interval for beta0.04695

Upperbound of 95% confidence interval for beta1.64119

Lowerbound of 95% confidence interval for alpha0.29859

Upperbound of 95% confidence interval for alpha0.52400

Treynor index (mean / b)0.32935

Jensen alpha (a)0.11270
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.06730

Expected Shortfall on VaR0.08884
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.01940

Expected Shortfall on VaR0.04086
 ORDER STATISTICS
 Quartiles of return rates

Number of observations11.00000

Minimum0.93500

Quartile 10.99221

Median1.03380

Quartile 31.05072

Maximum1.16140

Mean of quarter 10.96549

Mean of quarter 21.01246

Mean of quarter 31.04610

Mean of quarter 41.09150

Inter Quartile Range0.05851

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.09091

Mean of outliers high1.16140
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)1.20924

VaR(95%) (moments method)0.03461

Expected Shortfall (moments method)0.03773

Extreme Value Index (regression method)0.71272

VaR(95%) (regression method)0.06790

Expected Shortfall (regression method)0.26669
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations3.00000

Minimum0.00235

Quartile 10.00778

Median0.01322

Quartile 30.05095

Maximum0.08868

Mean of quarter 10.00235

Mean of quarter 20.01322

Mean of quarter 30.00000

Mean of quarter 40.08868

Inter Quartile Range0.04316

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high0.00000

Percentage of outliers high0.00000

Mean of outliers high0.00000
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)0.00000

VaR(95%) (moments method)0.00000

Expected Shortfall (moments method)0.00000

Extreme Value Index (regression method)0.00000

VaR(95%) (regression method)0.00000

Expected Shortfall (regression method)0.00000
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.35310

Compounded annual return (geometric extrapolation)0.35785

Calmar ratio (compounded annual return / max draw down)4.03536

Compounded annual return / average of 25% largest draw downs4.03536

Compounded annual return / Expected Shortfall lognormal4.02803

0.00000

0.00000
 Analysis based on DAILY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean0.19353

SD0.16073

Sharpe ratio (Glass type estimate)1.20405

Sharpe ratio (Hedges UMVUE)1.20049

df254.00000

t1.18786

p0.11800

Lowerbound of 95% confidence interval for Sharpe Ratio0.78657

Upperbound of 95% confidence interval for Sharpe Ratio3.19231

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.78893

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.18992
 Statistics related to Sortino ratio

Sortino ratio2.03525

Upside Potential Ratio10.31340

Upside part of mean0.98070

Downside part of mean0.78717

Upside SD0.12975

Downside SD0.09509

N nonnegative terms118.00000

N negative terms137.00000
 Statistics related to linear regression on benchmark

N of observations255.00000

Mean of predictor0.15570

Mean of criterion0.19353

SD of predictor0.16944

SD of criterion0.16073

Covariance0.01222

r0.44865

b (slope, estimate of beta)0.42559

a (intercept, estimate of alpha)0.12700

Mean Square Error0.02072

DF error253.00000

t(b)7.98496

p(b)0.00000

t(a)0.87093

p(a)0.19231

Lowerbound of 95% confidence interval for beta0.32062

Upperbound of 95% confidence interval for beta0.53055

Lowerbound of 95% confidence interval for alpha0.16052

Upperbound of 95% confidence interval for alpha0.41506

Treynor index (mean / b)0.45474

Jensen alpha (a)0.12727
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.18067

SD0.15988

Sharpe ratio (Glass type estimate)1.13007

Sharpe ratio (Hedges UMVUE)1.12673

df254.00000

t1.11487

p0.13298

Lowerbound of 95% confidence interval for Sharpe Ratio0.86010

Upperbound of 95% confidence interval for Sharpe Ratio3.11813

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.86237

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.11582
 Statistics related to Sortino ratio

Sortino ratio1.88526

Upside Potential Ratio10.14590

Upside part of mean0.97232

Downside part of mean0.79165

Upside SD0.12807

Downside SD0.09583

N nonnegative terms118.00000

N negative terms137.00000
 Statistics related to linear regression on benchmark

N of observations255.00000

Mean of predictor0.14142

Mean of criterion0.18067

SD of predictor0.16878

SD of criterion0.15988

Covariance0.01217

r0.45117

b (slope, estimate of beta)0.42738

a (intercept, estimate of alpha)0.12023

Mean Square Error0.02044

DF error253.00000

t(b)8.04131

p(b)0.00000

t(a)0.82860

p(a)0.20406

Lowerbound of 95% confidence interval for beta0.32271

Upperbound of 95% confidence interval for beta0.53205

Lowerbound of 95% confidence interval for alpha0.16553

Upperbound of 95% confidence interval for alpha0.40600

Treynor index (mean / b)0.42274

Jensen alpha (a)0.12023
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.01544

Expected Shortfall on VaR0.01949
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00726

Expected Shortfall on VaR0.01373
 ORDER STATISTICS
 Quartiles of return rates

Number of observations255.00000

Minimum0.97193

Quartile 10.99604

Median1.00000

Quartile 31.00456

Maximum1.05360

Mean of quarter 10.98985

Mean of quarter 20.99841

Mean of quarter 31.00185

Mean of quarter 41.01329

Inter Quartile Range0.00852

Number outliers low7.00000

Percentage of outliers low0.02745

Mean of outliers low0.97799

Number of outliers high15.00000

Percentage of outliers high0.05882

Mean of outliers high1.02588
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.36873

VaR(95%) (moments method)0.00951

Expected Shortfall (moments method)0.01136

Extreme Value Index (regression method)0.01733

VaR(95%) (regression method)0.00956

Expected Shortfall (regression method)0.01289
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations14.00000

Minimum0.00261

Quartile 10.01467

Median0.01912

Quartile 30.04289

Maximum0.11034

Mean of quarter 10.00775

Mean of quarter 20.01870

Mean of quarter 30.02809

Mean of quarter 40.07831

Inter Quartile Range0.02822

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high2.00000

Percentage of outliers high0.14286

Mean of outliers high0.10223
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)3.15926

VaR(95%) (moments method)0.08369

Expected Shortfall (moments method)0.08399

Extreme Value Index (regression method)1.24400

VaR(95%) (regression method)0.11684

Expected Shortfall (regression method)0.12254
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.23126

Compounded annual return (geometric extrapolation)0.23193

Calmar ratio (compounded annual return / max draw down)2.10196

Compounded annual return / average of 25% largest draw downs2.96154

Compounded annual return / Expected Shortfall lognormal11.90270

0.00000

0.00000
 Analysis based on DAILY values, last 6 months only
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean0.18230

SD0.16069

Sharpe ratio (Glass type estimate)1.13449

Sharpe ratio (Hedges UMVUE)1.12793

df130.00000

t0.80220

p0.46491

Lowerbound of 95% confidence interval for Sharpe Ratio1.64280

Upperbound of 95% confidence interval for Sharpe Ratio3.90755

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.64726

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.90313
 Statistics related to Sortino ratio

Sortino ratio1.75899

Upside Potential Ratio10.38220

Upside part of mean1.07599

Downside part of mean0.89369

Upside SD0.12251

Downside SD0.10364

N nonnegative terms71.00000

N negative terms60.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.15521

Mean of criterion0.18230

SD of predictor0.11476

SD of criterion0.16069

Covariance0.01172

r0.63579

b (slope, estimate of beta)0.89023

a (intercept, estimate of alpha)0.04412

Mean Square Error0.01550

DF error129.00000

t(b)9.35544

p(b)0.12447

t(a)0.24970

p(a)0.48601

Lowerbound of 95% confidence interval for beta0.70196

Upperbound of 95% confidence interval for beta1.07850

Lowerbound of 95% confidence interval for alpha0.30548

Upperbound of 95% confidence interval for alpha0.39373

Treynor index (mean / b)0.20478

Jensen alpha (a)0.04412
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.16944

SD0.16040

Sharpe ratio (Glass type estimate)1.05640

Sharpe ratio (Hedges UMVUE)1.05030

df130.00000

t0.74699

p0.46731

Lowerbound of 95% confidence interval for Sharpe Ratio1.72031

Upperbound of 95% confidence interval for Sharpe Ratio3.82925

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.72445

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.82504
 Statistics related to Sortino ratio

Sortino ratio1.62197

Upside Potential Ratio10.22780

Upside part of mean1.06846

Downside part of mean0.89902

Upside SD0.12135

Downside SD0.10447

N nonnegative terms71.00000

N negative terms60.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.14863

Mean of criterion0.16944

SD of predictor0.11461

SD of criterion0.16040

Covariance0.01171

r0.63698

b (slope, estimate of beta)0.89142

a (intercept, estimate of alpha)0.03695

Mean Square Error0.01541

DF error129.00000

t(b)9.38490

p(b)0.12388

t(a)0.20982

p(a)0.48824

VAR (95 Confidence Intrvl)0.01500

Lowerbound of 95% confidence interval for beta0.70349

Upperbound of 95% confidence interval for beta1.07934

Lowerbound of 95% confidence interval for alpha0.31148

Upperbound of 95% confidence interval for alpha0.38538

Treynor index (mean / b)0.19008

Jensen alpha (a)0.03695
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.01553

Expected Shortfall on VaR0.01959
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00751

Expected Shortfall on VaR0.01416
 ORDER STATISTICS
 Quartiles of return rates

Number of observations131.00000

Minimum0.97193

Quartile 10.99445

Median1.00081

Quartile 31.00588

Maximum1.02967

Mean of quarter 10.98882

Mean of quarter 20.99793

Mean of quarter 31.00340

Mean of quarter 41.01315

Inter Quartile Range0.01143

Number outliers low2.00000

Percentage of outliers low0.01527

Mean of outliers low0.97437

Number of outliers high5.00000

Percentage of outliers high0.03817

Mean of outliers high1.02604
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.05396

VaR(95%) (moments method)0.01127

Expected Shortfall (moments method)0.01524

Extreme Value Index (regression method)0.08881

VaR(95%) (regression method)0.01126

Expected Shortfall (regression method)0.01544
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations10.00000

Minimum0.00261

Quartile 10.01834

Median0.01912

Quartile 30.03508

Maximum0.09413

Mean of quarter 10.00970

Mean of quarter 20.01896

Mean of quarter 30.02335

Mean of quarter 40.05879

Inter Quartile Range0.01673

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.10000

Mean of outliers high0.09413
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)0.02530

VaR(95%) (moments method)0.06621

Expected Shortfall (moments method)0.08600

Extreme Value Index (regression method)1.80346

VaR(95%) (regression method)0.11442

Last 4 Months  Pcnt Negative0.50%

Expected Shortfall (regression method)0.00000

Strat Max DD how much worse than SP500 max DD during strat life?326473000

Max Equity Drawdown (num days)69
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.20741

Compounded annual return (geometric extrapolation)0.21817

Calmar ratio (compounded annual return / max draw down)2.31776

Compounded annual return / average of 25% largest draw downs3.71097

Compounded annual return / Expected Shortfall lognormal11.13560
Strategy Description
Longterm Approach: The strategy is designed for longterm investors who are willing to hold positions for extended periods. It emphasizes the importance of giving the selected companies ample time to fulfill their potential.
Daily Order Placement: The strategy typically places orders on a daily basis to take advantage of shortterm fluctuations while maintaining a longterm investment horizon. However, the overarching philosophy remains focused on the big picture.
Limited Diversification: The strategy typically maintains a manageable number of positions, with a maximum of 20 different companies in the portfolio at any given time. This approach allows for better monitoring and analysis of each investment.
No Short Positions: The strategy does not engage in short selling, thereby avoiding potential higher risks associated with short positions.
Fundamental Belief in Companies: Investments are made in companies that the strategy's creator firmly believes in, based on thorough fundamental analysis. The focus is on selecting strong, wellestablished companies with solid growth prospects.
Patient Risk Management: Emphasizing patience and discipline, the strategy avoids making impulsive decisions during market downturns or euphoria. Losses are managed carefully, and exits are only executed when there is a strong conviction that a company's potential has diminished.
Scaling Possibility: Investors have the option to scale their accounts, but the strategy creator suggests a minimum account size of 3K to ensure the timely execution of signals.
Risk and Reward:
The C2 Slow and Steady strategy aims for steady, consistent growth over time, rather than chasing quick gains. By focusing on fundamentally strong companies and exercising patience, the strategy seeks to limit downside risk while participating in potential longterm upsides. Investors should be prepared for moderate volatility in the short term but can expect a smoother equity curve over the long run.
Most values on this page (including the Strategy Equity Chart, above) have been adjusted by estimated trading commissions and subscription costs.
Some advanced users find it useful to see "raw" Model Account values. These numbers do not include any commissions, fees, subscription costs, or dividend actions.
Strategy developers can "archive" strategies at any time. This means the strategy Model Account is reset to its initial level and the trade list cleared. However, all archived track records are permanently preserved for evaluation by potential subscribers.
About the results you see on this Web site
Past results are not necessarily indicative of future results.
These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have underor overcompensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.
In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
Material assumptions and methods used when calculating results
The following are material assumptions used when calculating any hypothetical monthly results that appear on our web site.
 Profits are reinvested. We assume profits (when there are profits) are reinvested in the trading strategy.
 Starting investment size. For any trading strategy on our site, hypothetical results are based on the assumption that you invested the starting amount shown on the strategy's performance chart. In some cases, nominal dollar amounts on the equity chart have been rescaled downward to make current goforward trading sizes more manageable. In these cases, it may not have been possible to trade the strategy historically at the equity levels shown on the chart, and a higher minimum capital was required in the past.
 All fees are included. When calculating cumulative returns, we try to estimate and include all the fees a typical trader incurs when AutoTrading using AutoTrade technology. This includes the subscription cost of the strategy, plus any pertrade AutoTrade fees, plus estimated broker commissions if any.
 "Max Drawdown" Calculation Method. We calculate the Max Drawdown statistic as follows. Our computer software looks at the equity chart of the system in question and finds the largest percentage amount that the equity chart ever declines from a local "peak" to a subsequent point in time (thus this is formally called "Maximum Peak to Valley Drawdown.") While this is useful information when evaluating trading systems, you should keep in mind that past performance does not guarantee future results. Therefore, future drawdowns may be larger than the historical maximum drawdowns you see here.
Trading is risky
There is a substantial risk of loss in futures and forex trading. Online trading of stocks and options is extremely risky. Assume you will lose money. Don't trade with money you cannot afford to lose.
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Strategy is now visible
This strategy is now visible to the public. New subscribers will be able to follow it.
If you designate your strategy as Private, it will no longer be visible to the public.
No subscribers and simulations will be allowed. If you have subscribers, the strategy will still be visible to them.
If you have simulations, they will be stopped.
Continue to designate your strategy as Private?
Strategy is no longer visible
This strategy is no longer visible to anyone except current subscribers.
(Current subscribers will remain subscribed. You can see who is subscribed, and control their subscriptions, on your Subscriber Management screen.)
Finally, please note that you can restore public visibility at any time.
This strategy is no longer visible to the public. No subscribers will be allowed.
You can restore public visibility at any time.
Suggested Minimum Capital
This is our estimate of the minimum amount of capital to follow a strategy, assuming you use the smallest reasonable AutoTrade Scaling % for the strategy.