NYSE Champions
(124971634)
Subscription terms. Subscriptions to this system cost $135.00 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.
Hedged Equity
Core holding of long equities hedged at all times with short sales of stocks and/or stock index options.Rate 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  

2019  +0.9%  +13.2%  +5.5%  +7.6%  +2.6%  +33.1%  
2020  (2.5%)  (6.8%)  (9.2%) 
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  $4,225  
Cash  $1  
Equity  $1  
Cumulative $  $11,733  
Total System Equity  $61,733  
Margined  $1  
Open P/L  ($717)  
Data has been delayed by 48 hours for nonsubscribers 
System developer has asked us to delay this information by 48 hours.
Trading Record
Statistics

Strategy began8/16/2019

Suggested Minimum Cap$60,000

Strategy Age (days)194.03

Age6 months ago

What it tradesStocks

# Trades58

# Profitable31

% Profitable53.40%

Avg trade duration9.8 days

Max peaktovalley drawdown11.97%

drawdown periodJan 08, 2020  Feb 26, 2020

Cumul. Return20.9%

Avg win$1,226

Avg loss$1,050
 Model Account Values (Raw)

Cash$6,079

Margin Used$0

Buying Power$4,225
 Ratios

W:L ratio1.34:1

Sharpe Ratio1.79

Sortino Ratio2.85

Calmar Ratio5.221
 CORRELATION STATISTICS

Return of Strat Pcnt  Return of SP500 Pcnt (cumu)13.01%

Correlation to SP5000.24350

Return Percent SP500 (cumu) during strategy life8.90%
 Return Statistics

Ann Return (w trading costs)42.0%
 Slump

Current Slump as Pcnt Equity0.14%
 Instruments

Percent Trades Futures0.19%
 Slump

Current Slump, time of slump as pcnt of strategy life0.25%
 Instruments

Short Options  Percent Covered100.00%
 Return Statistics

Return Pcnt (Compound or Annual, agebased, NFA compliant)0.209%
 Instruments

Percent Trades Optionsn/a

Percent Trades Stocks0.81%

Percent Trades Forexn/a
 Return Statistics

Ann Return (Compnd, No Fees)48.3%
 Risk of Ruin (MonteCarlo)

Chance of 10% account loss3.50%

Chance of 20% account lossn/a

Chance of 30% account lossn/a

Chance of 40% account lossn/a

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

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

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

Percentage Signals Automatedn/a
 Risk of Ruin (MonteCarlo)

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

Chance of 50% account lossn/a
 Popularity

Popularity (Today)0

Popularity (Last 6 weeks)930
 Trading Style

Any stock shorts? 0/11
 Popularity

C2 Score273

Popularity (7 days, Percentile 1000 scale)589
 Management

No Subs Allowed Flag (1: no subs)0

Strat abandoned?0
 TradesOwnSystem Certification

Trades Own System?

TOS percentn/a
 Win / Loss

Avg Loss$1,052

Avg Win$1,295

Sum Trade PL (losers)$28,405.000
 Age

Num Months filled monthly returns table7
 Win / Loss

Sum Trade PL (winners)$40,134.000

# Winners31

Num Months Winners5
 Dividends

Dividends Received in Model Acct0
 Win / Loss

# Losers27

% Winners53.5%
 Frequency

Avg Position Time (mins)14179.30

Avg Position Time (hrs)236.32

Avg Trade Length9.8 days

Last Trade Ago2
 Leverage

Daily leverage (average)1.68

Daily leverage (max)2.50
 Regression

Alpha0.09

Beta0.35

Treynor Index0.30
 Maximum Adverse Excursion (MAE)

MAE:Equity, average, all trades0.02

MAE:PL  worst single value for strategy

MAE:PL (avg, winning trades)

MAE:PL (avg, losing trades)

MAE:PL (avg, all trades)0.55

MAE:Equity, average, winning trades0.01

MAE:Equity, average, losing trades0.03

Avg(MAE) / Avg(PL)  All trades6.969

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 strat0.04

Avg(MAE) / Avg(PL)  Winning trades0.428

Avg(MAE) / Avg(PL)  Losing trades1.514

HoldandHope Ratio0.168
 Analysis based on MONTHLY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean0.53990

SD0.31284

Sharpe ratio (Glass type estimate)1.72579

Sharpe ratio (Hedges UMVUE)1.45096

df5.00000

t1.22032

p0.13838

Lowerbound of 95% confidence interval for Sharpe Ratio1.30734

Upperbound of 95% confidence interval for Sharpe Ratio4.61388

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.46309

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.36500
 Statistics related to Sortino ratio

Sortino ratio6.15837

Upside Potential Ratio8.04182

Upside part of mean0.70502

Downside part of mean0.16512

Upside SD0.31331

Downside SD0.08767

N nonnegative terms4.00000

N negative terms2.00000
 Statistics related to linear regression on benchmark

N of observations6.00000

Mean of predictor0.29570

Mean of criterion0.53990

SD of predictor0.06271

SD of criterion0.31284

Covariance0.01366

r0.69623

b (slope, estimate of beta)3.47324

a (intercept, estimate of alpha)0.48714

Mean Square Error0.06304

DF error4.00000

t(b)1.93986

p(b)0.06220

t(a)0.76416

p(a)0.75632

Lowerbound of 95% confidence interval for beta1.49884

Upperbound of 95% confidence interval for beta8.44532

Lowerbound of 95% confidence interval for alpha2.25741

Upperbound of 95% confidence interval for alpha1.28313

Treynor index (mean / b)0.15545

Jensen alpha (a)0.48714
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.49039

SD0.29477

Sharpe ratio (Glass type estimate)1.66362

Sharpe ratio (Hedges UMVUE)1.39868

df5.00000

t1.17635

p0.14620

Lowerbound of 95% confidence interval for Sharpe Ratio1.35467

Upperbound of 95% confidence interval for Sharpe Ratio4.54069

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.50552

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.30289
 Statistics related to Sortino ratio

Sortino ratio5.46346

Upside Potential Ratio7.34294

Upside part of mean0.65908

Downside part of mean0.16870

Upside SD0.29050

Downside SD0.08976

N nonnegative terms4.00000

N negative terms2.00000
 Statistics related to linear regression on benchmark

N of observations6.00000

Mean of predictor0.28988

Mean of criterion0.49039

SD of predictor0.06139

SD of criterion0.29477

Covariance0.01257

r0.69489

b (slope, estimate of beta)3.33653

a (intercept, estimate of alpha)0.47681

Mean Square Error0.05617

DF error4.00000

t(b)1.93260

p(b)0.06272

t(a)0.79161

p(a)0.76356

Lowerbound of 95% confidence interval for beta1.45778

Upperbound of 95% confidence interval for beta8.13084

Lowerbound of 95% confidence interval for alpha2.14946

Upperbound of 95% confidence interval for alpha1.19585

Treynor index (mean / b)0.14697

Jensen alpha (a)0.47681
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.09435

Expected Shortfall on VaR0.12555
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.02471

Expected Shortfall on VaR0.04857
 ORDER STATISTICS
 Quartiles of return rates

Number of observations6.00000

Minimum0.94630

Quartile 10.98280

Median1.03282

Quartile 31.09724

Maximum1.18713

Mean of quarter 10.96105

Mean of quarter 21.00384

Mean of quarter 31.06180

Mean of quarter 41.14809

Inter Quartile Range0.11443

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 for a oneperiod unit investment (based on Ex

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
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations2.00000

Minimum0.02421

Quartile 10.03158

Median0.03895

Quartile 30.04632

Maximum0.05370

Mean of quarter 10.02421

Mean of quarter 20.00000

Mean of quarter 30.00000

Mean of quarter 40.05370

Inter Quartile Range0.01474

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)0.59165

Compounded annual return (geometric extrapolation)0.67916

Calmar ratio (compounded annual return / max draw down)12.64800

Compounded annual return / average of 25% largest draw downs12.64800

Compounded annual return / Expected Shortfall lognormal5.40930

0.00000

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

Mean0.40486

SD0.17586

Sharpe ratio (Glass type estimate)2.30208

Sharpe ratio (Hedges UMVUE)2.28927

df135.00000

t1.65859

p0.41034

Lowerbound of 95% confidence interval for Sharpe Ratio0.43621

Upperbound of 95% confidence interval for Sharpe Ratio5.03208

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.44478

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation5.02332
 Statistics related to Sortino ratio

Sortino ratio3.72182

Upside Potential Ratio11.58730

Upside part of mean1.26045

Downside part of mean0.85559

Upside SD0.13962

Downside SD0.10878

N nonnegative terms74.00000

N negative terms62.00000
 Statistics related to linear regression on benchmark

N of observations136.00000

Mean of predictor0.12619

Mean of criterion0.40486

SD of predictor0.12492

SD of criterion0.17586

Covariance0.00506

r0.23054

b (slope, estimate of beta)0.32457

a (intercept, estimate of alpha)0.36400

Mean Square Error0.02950

DF error134.00000

t(b)2.74258

p(b)0.38473

t(a)1.52340

p(a)0.43476

Lowerbound of 95% confidence interval for beta0.09050

Upperbound of 95% confidence interval for beta0.55863

Lowerbound of 95% confidence interval for alpha0.10855

Upperbound of 95% confidence interval for alpha0.83635

Treynor index (mean / b)1.24736

Jensen alpha (a)0.36390
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.38919

SD0.17563

Sharpe ratio (Glass type estimate)2.21596

Sharpe ratio (Hedges UMVUE)2.20362

df135.00000

t1.59654

p0.41361

Lowerbound of 95% confidence interval for Sharpe Ratio0.52120

Upperbound of 95% confidence interval for Sharpe Ratio4.94506

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.52942

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.93667
 Statistics related to Sortino ratio

Sortino ratio3.53520

Upside Potential Ratio11.36070

Upside part of mean1.25071

Downside part of mean0.86152

Upside SD0.13812

Downside SD0.11009

N nonnegative terms74.00000

N negative terms62.00000
 Statistics related to linear regression on benchmark

N of observations136.00000

Mean of predictor0.11835

Mean of criterion0.38919

SD of predictor0.12559

SD of criterion0.17563

Covariance0.00513

r0.23270

b (slope, estimate of beta)0.32544

a (intercept, estimate of alpha)0.35068

Mean Square Error0.02939

DF error134.00000

t(b)2.76980

p(b)0.38365

t(a)1.47115

p(a)0.43696

Lowerbound of 95% confidence interval for beta0.09305

Upperbound of 95% confidence interval for beta0.55783

Lowerbound of 95% confidence interval for alpha0.12078

Upperbound of 95% confidence interval for alpha0.82213

Treynor index (mean / b)1.19589

Jensen alpha (a)0.35068
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.01623

Expected Shortfall on VaR0.02067
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00709

Expected Shortfall on VaR0.01410
 ORDER STATISTICS
 Quartiles of return rates

Number of observations136.00000

Minimum0.95469

Quartile 10.99504

Median1.00196

Quartile 31.00690

Maximum1.03830

Mean of quarter 10.98910

Mean of quarter 20.99821

Mean of quarter 31.00422

Mean of quarter 41.01509

Inter Quartile Range0.01186

Number outliers low1.00000

Percentage of outliers low0.00735

Mean of outliers low0.95469

Number of outliers high5.00000

Percentage of outliers high0.03676

Mean of outliers high1.02969
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.20840

VaR(95%) (moments method)0.01118

Expected Shortfall (moments method)0.01699

Extreme Value Index (regression method)0.15544

VaR(95%) (regression method)0.01070

Expected Shortfall (regression method)0.01342
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations11.00000

Minimum0.00033

Quartile 10.00274

Median0.01107

Quartile 30.02952

Maximum0.09914

Mean of quarter 10.00136

Mean of quarter 20.00772

Mean of quarter 30.01538

Mean of quarter 40.06851

Inter Quartile Range0.02677

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 high0.09914
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)2.50531

VaR(95%) (moments method)0.07836

Expected Shortfall (moments method)0.07939

Extreme Value Index (regression method)0.15213

VaR(95%) (regression method)0.10387

Expected Shortfall (regression method)0.13274
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.46570

Compounded annual return (geometric extrapolation)0.51756

Calmar ratio (compounded annual return / max draw down)5.22067

Compounded annual return / average of 25% largest draw downs7.55430

Compounded annual return / Expected Shortfall lognormal25.03720

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

Mean0.44762

SD0.17842

Sharpe ratio (Glass type estimate)2.50884

Sharpe ratio (Hedges UMVUE)2.49433

df130.00000

t1.77402

p0.42313

Lowerbound of 95% confidence interval for Sharpe Ratio0.28443

Upperbound of 95% confidence interval for Sharpe Ratio5.29264

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.29400

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation5.28267
 Statistics related to Sortino ratio

Sortino ratio4.06613

Upside Potential Ratio11.87030

Upside part of mean1.30675

Downside part of mean0.85913

Upside SD0.14225

Downside SD0.11009

N nonnegative terms73.00000

N negative terms58.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.16010

Mean of criterion0.44762

SD of predictor0.11936

SD of criterion0.17842

Covariance0.00488

r0.22899

b (slope, estimate of beta)0.34229

a (intercept, estimate of alpha)0.39282

Mean Square Error0.03040

DF error129.00000

t(b)2.67184

p(b)0.35550

t(a)1.58767

p(a)0.41215

Lowerbound of 95% confidence interval for beta0.08882

Upperbound of 95% confidence interval for beta0.59576

Lowerbound of 95% confidence interval for alpha0.09670

Upperbound of 95% confidence interval for alpha0.88235

Treynor index (mean / b)1.30772

Jensen alpha (a)0.39282
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.43145

SD0.17819

Sharpe ratio (Glass type estimate)2.42124

Sharpe ratio (Hedges UMVUE)2.40724

df130.00000

t1.71207

p0.42575

Lowerbound of 95% confidence interval for Sharpe Ratio0.37064

Upperbound of 95% confidence interval for Sharpe Ratio5.20401

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.37997

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation5.19445
 Statistics related to Sortino ratio

Sortino ratio3.87200

Upside Potential Ratio11.63660

Upside part of mean1.29664

Downside part of mean0.86519

Upside SD0.14073

Downside SD0.11143

N nonnegative terms73.00000

N negative terms58.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.15293

Mean of criterion0.43145

SD of predictor0.11996

SD of criterion0.17819

Covariance0.00495

r0.23135

b (slope, estimate of beta)0.34367

a (intercept, estimate of alpha)0.37889

Mean Square Error0.03029

DF error129.00000

t(b)2.70093

p(b)0.35404

t(a)1.53470

p(a)0.41501

VAR (95 Confidence Intrvl)0.01600

Lowerbound of 95% confidence interval for beta0.09192

Upperbound of 95% confidence interval for beta0.59542

Lowerbound of 95% confidence interval for alpha0.10957

Upperbound of 95% confidence interval for alpha0.86735

Treynor index (mean / b)1.25541

Jensen alpha (a)0.37889
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.01633

Expected Shortfall on VaR0.02083
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00698

Expected Shortfall on VaR0.01399
 ORDER STATISTICS
 Quartiles of return rates

Number of observations131.00000

Minimum0.95469

Quartile 10.99503

Median1.00224

Quartile 31.00717

Maximum1.03830

Mean of quarter 10.98899

Mean of quarter 20.99853

Mean of quarter 31.00449

Mean of quarter 41.01533

Inter Quartile Range0.01214

Number outliers low1.00000

Percentage of outliers low0.00763

Mean of outliers low0.95469

Number of outliers high4.00000

Percentage of outliers high0.03053

Mean of outliers high1.03083
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.21045

VaR(95%) (moments method)0.01131

Expected Shortfall (moments method)0.01724

Extreme Value Index (regression method)0.16912

VaR(95%) (regression method)0.01082

Expected Shortfall (regression method)0.01351
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations11.00000

Minimum0.00033

Quartile 10.00242

Median0.00873

Quartile 30.02907

Maximum0.09914

Mean of quarter 10.00136

Mean of quarter 20.00493

Mean of quarter 30.01300

Mean of quarter 40.06851

Inter Quartile Range0.02665

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 high0.09914
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)2.50531

VaR(95%) (moments method)0.07836

Expected Shortfall (moments method)0.07939

Extreme Value Index (regression method)0.15213

VaR(95%) (regression method)0.10387

Last 4 Months  Pcnt Negative0.50%

Expected Shortfall (regression method)0.13274

Strat Max DD how much worse than SP500 max DD during strat life?276387000

Max Equity Drawdown (num days)49
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.51639

Compounded annual return (geometric extrapolation)0.58305

Calmar ratio (compounded annual return / max draw down)5.88132

Compounded annual return / average of 25% largest draw downs8.51026

Compounded annual return / Expected Shortfall lognormal27.98710
Strategy Description
Since August 2019, the strategy also incorporates a macrotiming (economic data) component which decides how many stocks to trade at any one time, and how much (between 75%100%) of the portfolio to hedge (risk management).
More info on the stock selection process (liquid version) can be found at:
https://tradepilot.com
The strategy holds between 26 stocks, checked and refreshed every week before the Monday open. In case the market moves against me, I always hedge at least threequaters of the dollar value of my long stocks, with a long position in the Russell 2000 inverse ETF (symbol: RWM).
There are NO SHORT POSITIONS  instead the RWM is traded LONG as it is an inverse ETF which moves opposite to the Russell 2000 index. So if the Russell drops, RWM rises, and vice versa.
RWM therefore provides a perfect way to hedge a percentage (75%100%) of the total dollarvalue of long stock positions, against economic downturns and market corrections, while never holding any short positions.
So for instance, if I am long $40,000 worth of stocks, I would buy 75%100% ($30K$40K) worth of RWM, dependent on market volatility and risk analytics, which I always predetermine for the week ahead.
This is a systematic, highly disciplined method of trading which I have developed over nearly 20 years of investing experience, and application of highly intricate tools (and technology).
I have years of backtests backed by the highest quality CapitalIQ data sets. All very impressive. However, as C2 subs never tire of telling me, what really matters is the live (C2) performance. I will let the numbers speak for themselves.
Feel free to ask any questions via the C2 direct messaging system.
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.
Not available
This feature isn't available under your current Trade Leader Plan.
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.