The Cake
(47319696)
Subscription terms. Subscriptions to this system cost $100.00 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.
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 Annualized (Compounded) Rate of Return is calculated
= ((Ending_equity / Starting_equity) ^ (1 / age_in_years))  1
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  

2010  (3.6%)  (7.1%)  +18.3%  +13.4%  +0.3%  +15.0%  (4.2%)  +7.7%  (6.1%)  +19.3%  +60.3%  
2011  (6.8%)  (3.6%)  (2.9%)  +12.3%  +6.0%  +7.5%  +10.8%  (2.1%)  +24.7%  (17%)  (7.7%)  +8.5%  +25.6% 
2012  (1.5%)  (10.1%)  (1.8%)  (9.1%)  +15.7%  (5.1%)  +6.4%  (6.6%)  (2.3%)        (15.7%) 
2013                          0.0 
2014                          0.0 
2015                          0.0 
2016                          0.0 
2017                          0.0 
2018                          0.0 
2019                        0.0  
2020                          0.0 
2021                        0.0 
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  $100,000  
Buy Power  $178,072  
Cash  $178,072  
Equity  $0  
Cumulative $  $78,072  
Total System Equity  $178,072  
Margined  $0  
Open P/L  $0 
Trading Record
Statistics

Strategy began3/2/2010

Suggested Minimum Cap$100,000

Strategy Age (days)4285.69

Age143 months ago

What it tradesForex

# Trades466

# Profitable177

% Profitable38.00%

Avg trade duration6.7 days

Max peaktovalley drawdown40.38%

drawdown periodOct 04, 2011  April 20, 2012

Annual Return (Compounded)4.6%

Avg win$1,260

Avg loss$501.91
 Model Account Values (Raw)

Cash$178,072

Margin Used$0

Buying Power$178,072
 Ratios

W:L ratio1.54:1

Sharpe Ratio0.22

Sortino Ratio0.32

Calmar Ratio0.37
 CORRELATION STATISTICS

Return of Strat Pcnt  Return of SP500 Pcnt (cumu)250.83%

Correlation to SP5000.17000

Return Percent SP500 (cumu) during strategy life310.98%
 Return Statistics

Ann Return (w trading costs)4.6%
 Slump

Current Slump as Pcnt Equity52.70%
 Instruments

Percent Trades Futuresn/a
 Slump

Current Slump, time of slump as pcnt of strategy life0.86%
 Return Statistics

Return Pcnt (Compound or Annual, agebased, NFA compliant)0.046%
 Instruments

Percent Trades Optionsn/a

Percent Trades Stocksn/a

Percent Trades Forex1.00%
 Return Statistics

Ann Return (Compnd, No Fees)5.0%
 Risk of Ruin (MonteCarlo)

Chance of 10% account loss100.00%

Chance of 20% account loss100.00%

Chance of 30% account loss100.00%

Chance of 40% account loss100.00%

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

Chance of 100% account loss (Monte Carlo)n/a
 Automation

Percentage Signals Automatedn/a
 Risk of Ruin (MonteCarlo)

Chance of 50% account lossn/a
 Popularity

Popularity (Today)0

Popularity (Last 6 weeks)282
 Trading Style

Any stock shorts? 0/10
 Popularity

Popularity (7 days, Percentile 1000 scale)0
 Management

No Subs Allowed Flag (1: no subs)0
 TradesOwnSystem Certification

Trades Own System?

TOS percentn/a
 Win / Loss

Avg Loss$502

Avg Win$1,261

Sum Trade PL (losers)$145,052.000
 Age

Num Months filled monthly returns table141
 Win / Loss

Sum Trade PL (winners)$223,124.000

# Winners177

Num Months Winners14
 Dividends

Dividends Received in Model Acct0
 Win / Loss

# Losers289

% Winners38.0%
 Frequency

Avg Position Time (mins)9597.80

Avg Position Time (hrs)159.96

Avg Trade Length6.7 days

Last Trade Ago3362
 Regression

Alpha0.01

Beta0.14

Treynor Index0.07
 Maximum Adverse Excursion (MAE)

MAE:Equity, average, all trades0.00

MAE:PL  Winning Trades  this strat Percentile of All Strats63.10

MAE:PL  worst single value for strategy

MAE:PL  Losing Trades  this strat Percentile of All Strats63.74

MAE:PL (avg, winning trades)

MAE:PL (avg, losing trades)

MAE:PL (avg, all trades)1.42

MAE:Equity, average, winning trades0.00

MAE:Equity, average, losing trades0.00

Avg(MAE) / Avg(PL)  All trades3.174

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 trades0.230

Avg(MAE) / Avg(PL)  Losing trades1.286

HoldandHope Ratio0.315
 Analysis based on MONTHLY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean0.16640

SD0.28420

Sharpe ratio (Glass type estimate)0.58552

Sharpe ratio (Hedges UMVUE)0.57719

df53.00000

t1.24207

p0.10984

Lowerbound of 95% confidence interval for Sharpe Ratio0.34780

Upperbound of 95% confidence interval for Sharpe Ratio1.51341

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.35325

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.50764
 Statistics related to Sortino ratio

Sortino ratio1.14928

Upside Potential Ratio2.59197

Upside part of mean0.37528

Downside part of mean0.20888

Upside SD0.24620

Downside SD0.14479

N nonnegative terms40.00000

N negative terms14.00000
 Statistics related to linear regression on benchmark

N of observations54.00000

Mean of predictor0.34792

Mean of criterion0.16640

SD of predictor0.25380

SD of criterion0.28420

Covariance0.02722

r0.37743

b (slope, estimate of beta)0.42263

a (intercept, estimate of alpha)0.31344

Mean Square Error0.07059

DF error52.00000

t(b)2.93910

p(b)0.99755

t(a)2.32401

p(a)0.01203

Lowerbound of 95% confidence interval for beta0.71118

Upperbound of 95% confidence interval for beta0.13408

Lowerbound of 95% confidence interval for alpha0.04280

Upperbound of 95% confidence interval for alpha0.58408

Treynor index (mean / b)0.39372

Jensen alpha (a)0.31344
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.12824

SD0.27232

Sharpe ratio (Glass type estimate)0.47090

Sharpe ratio (Hedges UMVUE)0.46421

df53.00000

t0.99893

p0.16118

Lowerbound of 95% confidence interval for Sharpe Ratio0.45954

Upperbound of 95% confidence interval for Sharpe Ratio1.39697

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.46395

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.39236
 Statistics related to Sortino ratio

Sortino ratio0.82952

Upside Potential Ratio2.25468

Upside part of mean0.34856

Downside part of mean0.22032

Upside SD0.22418

Downside SD0.15459

N nonnegative terms40.00000

N negative terms14.00000
 Statistics related to linear regression on benchmark

N of observations54.00000

Mean of predictor0.31461

Mean of criterion0.12824

SD of predictor0.23774

SD of criterion0.27232

Covariance0.02528

r0.39055

b (slope, estimate of beta)0.44736

a (intercept, estimate of alpha)0.26898

Mean Square Error0.06406

DF error52.00000

t(b)3.05926

p(b)0.99825

t(a)2.10353

p(a)0.02014

Lowerbound of 95% confidence interval for beta0.74080

Upperbound of 95% confidence interval for beta0.15393

Lowerbound of 95% confidence interval for alpha0.01239

Upperbound of 95% confidence interval for alpha0.52558

Treynor index (mean / b)0.28665

Jensen alpha (a)0.26898
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.11185

Expected Shortfall on VaR0.14019
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.02441

Expected Shortfall on VaR0.05776
 ORDER STATISTICS
 Quartiles of return rates

Number of observations54.00000

Minimum0.83169

Quartile 10.99842

Median1.00000

Quartile 31.01372

Maximum1.32961

Mean of quarter 10.93286

Mean of quarter 21.00000

Mean of quarter 31.00122

Mean of quarter 41.11950

Inter Quartile Range0.01530

Number outliers low12.00000

Percentage of outliers low0.22222

Mean of outliers low0.92258

Number of outliers high12.00000

Percentage of outliers high0.22222

Mean of outliers high1.13552
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)5.93140

VaR(95%) (moments method)0.01025

Expected Shortfall (moments method)0.01025

Extreme Value Index (regression method)0.29156

VaR(95%) (regression method)0.08751

Expected Shortfall (regression method)0.11925
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations5.00000

Minimum0.00211

Quartile 10.00885

Median0.09651

Quartile 30.14066

Maximum0.30540

Mean of quarter 10.00548

Mean of quarter 20.09651

Mean of quarter 30.14066

Mean of quarter 40.30540

Inter Quartile Range0.13181

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)0.17351

Compounded annual return (geometric extrapolation)0.13682

Calmar ratio (compounded annual return / max draw down)0.44801

Compounded annual return / average of 25% largest draw downs0.44801

Compounded annual return / Expected Shortfall lognormal0.97595

0.00000

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

Mean0.17306

SD0.30033

Sharpe ratio (Glass type estimate)0.57624

Sharpe ratio (Hedges UMVUE)0.57587

df1179.00000

t1.22291

p0.47735

Lowerbound of 95% confidence interval for Sharpe Ratio0.34770

Upperbound of 95% confidence interval for Sharpe Ratio1.49997

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.34796

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.49971
 Statistics related to Sortino ratio

Sortino ratio0.86868

Upside Potential Ratio6.17173

Upside part of mean1.22956

Downside part of mean1.05650

Upside SD0.22482

Downside SD0.19922

N nonnegative terms889.00000

N negative terms291.00000
 Statistics related to linear regression on benchmark

N of observations1180.00000

Mean of predictor0.35254

Mean of criterion0.17306

SD of predictor0.27461

SD of criterion0.30033

Covariance0.01416

r0.17169

b (slope, estimate of beta)0.18777

a (intercept, estimate of alpha)0.23900

Mean Square Error0.08761

DF error1178.00000

t(b)5.98159

p(b)0.58584

t(a)1.71007

p(a)0.47512

Lowerbound of 95% confidence interval for beta0.24936

Upperbound of 95% confidence interval for beta0.12618

Lowerbound of 95% confidence interval for alpha0.03525

Upperbound of 95% confidence interval for alpha0.51377

Treynor index (mean / b)0.92166

Jensen alpha (a)0.23926
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.12813

SD0.29966

Sharpe ratio (Glass type estimate)0.42758

Sharpe ratio (Hedges UMVUE)0.42731

df1179.00000

t0.90742

p0.48318

Lowerbound of 95% confidence interval for Sharpe Ratio0.49621

Upperbound of 95% confidence interval for Sharpe Ratio1.35121

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.49640

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.35101
 Statistics related to Sortino ratio

Sortino ratio0.62079

Upside Potential Ratio5.84031

Upside part of mean1.20542

Downside part of mean1.07729

Upside SD0.21722

Downside SD0.20640

N nonnegative terms889.00000

N negative terms291.00000
 Statistics related to linear regression on benchmark

N of observations1180.00000

Mean of predictor0.31451

Mean of criterion0.12813

SD of predictor0.27563

SD of criterion0.29966

Covariance0.01405

r0.17005

b (slope, estimate of beta)0.18488

a (intercept, estimate of alpha)0.18627

Mean Square Error0.08727

DF error1178.00000

t(b)5.92269

p(b)0.58503

t(a)1.33483

p(a)0.48057

Lowerbound of 95% confidence interval for beta0.24612

Upperbound of 95% confidence interval for beta0.12363

Lowerbound of 95% confidence interval for alpha0.08752

Upperbound of 95% confidence interval for alpha0.46007

Treynor index (mean / b)0.69305

Jensen alpha (a)0.18627
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.02952

Expected Shortfall on VaR0.03697
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00523

Expected Shortfall on VaR0.01336
 ORDER STATISTICS
 Quartiles of return rates

Number of observations1180.00000

Minimum0.85426

Quartile 11.00000

Median1.00000

Quartile 31.00186

Maximum1.15372

Mean of quarter 10.98387

Mean of quarter 21.00000

Mean of quarter 31.00013

Mean of quarter 41.01864

Inter Quartile Range0.00186

Number outliers low251.00000

Percentage of outliers low0.21271

Mean of outliers low0.98127

Number of outliers high250.00000

Percentage of outliers high0.21186

Mean of outliers high1.02146
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.15696

VaR(95%) (moments method)0.00470

Expected Shortfall (moments method)0.00654

Extreme Value Index (regression method)0.13384

VaR(95%) (regression method)0.01356

Expected Shortfall (regression method)0.02391
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations28.00000

Minimum0.00104

Quartile 10.02238

Median0.05389

Quartile 30.10259

Maximum0.36953

Mean of quarter 10.00910

Mean of quarter 20.03555

Mean of quarter 30.08361

Mean of quarter 40.17649

Inter Quartile Range0.08021

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.03571

Mean of outliers high0.36953
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)0.26629

VaR(95%) (moments method)0.19709

Expected Shortfall (moments method)0.30153

Extreme Value Index (regression method)0.88711

VaR(95%) (regression method)0.18359

Expected Shortfall (regression method)1.00806
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.17337

Compounded annual return (geometric extrapolation)0.13670

Calmar ratio (compounded annual return / max draw down)0.36992

Compounded annual return / average of 25% largest draw downs0.77454

Compounded annual return / Expected Shortfall lognormal3.69721

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

Mean0.00000

SD0.00000

Sharpe ratio (Glass type estimate)0.00000

Sharpe ratio (Hedges UMVUE)0.00000

df0.00000

t0.00000

p0.00000

Lowerbound of 95% confidence interval for Sharpe Ratio0.00000

Upperbound of 95% confidence interval for Sharpe Ratio0.00000

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.00000

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation0.00000
 Statistics related to Sortino ratio

Sortino ratio0.00000

Upside Potential Ratio0.00000

Upside part of mean0.00000

Downside part of mean0.00000

Upside SD0.00000

Downside SD0.00000

N nonnegative terms131.00000

N negative terms0.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor1.12845

Mean of criterion0.00000

SD of predictor0.50506

SD of criterion0.00000

Covariance0.00000

r0.00000

b (slope, estimate of beta)0.00000

a (intercept, estimate of alpha)0.00000

Mean Square Error0.00000

DF error0.00000

t(b)0.00000

p(b)0.00000

t(a)0.00000

p(a)0.00000

Lowerbound of 95% confidence interval for beta0.00000

Upperbound of 95% confidence interval for beta0.00000

Lowerbound of 95% confidence interval for alpha0.00000

Upperbound of 95% confidence interval for alpha0.00000

Treynor index (mean / b)0.00000

Jensen alpha (a)0.00000
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.00000

SD0.00000

Sharpe ratio (Glass type estimate)0.00000

Sharpe ratio (Hedges UMVUE)0.00000

df0.00000

t0.00000

p0.00000

Lowerbound of 95% confidence interval for Sharpe Ratio0.00000

Upperbound of 95% confidence interval for Sharpe Ratio0.00000

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.00000

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation0.00000
 Statistics related to Sortino ratio

Sortino ratio0.00000

Upside Potential Ratio0.00000

Upside part of mean0.00000

Downside part of mean0.00000

Upside SD0.00000

Downside SD0.00000

N nonnegative terms131.00000

N negative terms0.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.99860

Mean of criterion0.00000

SD of predictor0.50945

SD of criterion0.00000

Covariance0.00000

r0.00000

b (slope, estimate of beta)0.00000

a (intercept, estimate of alpha)0.00000

Mean Square Error0.00000

DF error0.00000

t(b)0.00000

p(b)0.00000

t(a)0.00000

p(a)0.00000

VAR (95 Confidence Intrvl)0.03000

Lowerbound of 95% confidence interval for beta0.00000

Upperbound of 95% confidence interval for beta0.00000

Lowerbound of 95% confidence interval for alpha0.00000

Upperbound of 95% confidence interval for alpha0.00000

Treynor index (mean / b)0.00000

Jensen alpha (a)0.00000
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.00000

Expected Shortfall on VaR0.00000
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00000

Expected Shortfall on VaR0.00000
 ORDER STATISTICS
 Quartiles of return rates

Number of observations131.00000

Minimum1.00000

Quartile 11.00000

Median1.00000

Quartile 31.00000

Maximum1.00000

Mean of quarter 11.00000

Mean of quarter 21.00000

Mean of quarter 31.00000

Mean of quarter 41.00000

Inter Quartile Range0.00000

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 observations0.00000

Minimum0.00000

Quartile 10.00000

Median0.00000

Quartile 30.00000

Maximum0.00000

Mean of quarter 10.00000

Mean of quarter 20.00000

Mean of quarter 30.00000

Mean of quarter 40.00000

Inter Quartile Range0.00000

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

Last 4 Months  Pcnt Negativen/a

Expected Shortfall (regression method)0.00000

Strat Max DD how much worse than SP500 max DD during strat life?347325000

Max Equity Drawdown (num days)199
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.00000

Compounded annual return (geometric extrapolation)0.00000

Calmar ratio (compounded annual return / max draw down)0.00000

Compounded annual return / average of 25% largest draw downs0.00000

Compounded annual return / Expected Shortfall lognormal0.00000
Strategy Description
The total Dollar value of all positions at any given time is constant ("the Cake") and the size of the "slice" for each of the pairs is determined and adjust daily.
Trading orders are delivered once a day at about 7 AM GMT (give or take)
timing is not highly important, if you miss my call, you can take it later  those are usually adjustments of the existing position size.
Very simple, very powerful.
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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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.