collective2

[late apex]

Quote from OddTrader:

It appears that the data problem for entry date sequence during the same period cannot be found from another vendor's trade details history.

Why is that the vendor didn't request required corrections from C2 on a timely basis?

With ~1,000 vendors, how can you tell?

More importantly, how could that vendor, or any vendor, possibly request corrections from C2 after the fact? My understanding is that they chose to effectively take a leave from C2 for that period, rather than deal with intermittent platform issues, presumably because they didn't have any subscribers yet.

C2 will only display and count trades which were submitted via C2's platform in real time and judged by C2 to have been filled, based on prices at that moment. That's their whole MO, the appeal of their concept (at least in theory).

 

[OddTrader]

Quote from newbunch:

I put my system up on Collective2. It's a very long term system so I don't really expect any subscribers, but if I get some I'd be quite happy. I just wanted it to build a public track record.

The free trial is good for the first 5 trades. Since I go weeks or months without trading, that should last me a while. And if my results are bad during that period (which is unlikely), I just won't pay to continue.

How about TimerTrac.com? Free!

http://www.timertrac.com/Public/voluntary.asp

Q
Medallion Tracking
You provide your timing
signals to us on a real-time
voluntary basis.


* Ranked by TimerTrac.com. Our subscribers can view your performance as your buy/sell signals are recorded by us (We delay the most recent signal by a time period set by you).
* Your own user/password to control information shown to subscribers.
* Free use of the easily customizable TimerTrack Medallion for use on your web site or literature.
* You can post to the "TimerTrac Broadcast" which subscribers and media receive as often as daily.
* Links to your site available to subscribers.
* Compete for "TopTimer" awards.
* Sign-up to be Tracked! - It's FREE!
UQ

 

[OddTrader]

Quote from late apex:

... , presumably because they didn't have any subscribers yet.

How does a vendor know from C2 for exactly how many active paying subscribers or nil of his systems individually?

 

[late apex]

Should be simple. I believe a vendor is notified whenever someone subscribes to their system and can also get an up-to-date report from C2 at any time. Note that C2 manages all the subscription-related functions with system buyers, on behalf of vendors, in exchange for a 30% cut of the vendor's revenues. Functions such as trials, billing, renewals, cancellations and, last but not least, trade communication via email, SMS or IM.

 

[OddTrader]

Be very careful, anyway.

http://www.elitetrader.com/vb/showthread.php?s=&postid=897663#post897663

http://www.cftc.gov/opa/enf05/opa5126-05.htm

 

[LMeyers]

Quote from vr82:

im thinking of subscribing to a vendor on the collective2 website. does anyone have any opinion on this collective2 website.

Caveat emptor.

 

[late apex]

Quote from OddTrader:

Be very careful, anyway.

http://www.elitetrader.com/vb/showthread.php?s=&postid=897663#post897663

http://www.cftc.gov/opa/enf05/opa5126-05.htm

What is the connection of either of the 2 links you've posted to the subject of this thread, Collective2?

 

[Chood]

Quote from late apex:

What is the connection of either of the 2 links you've posted to the subject of this thread, Collective2?

Here's the relevant cut and paste from the thread:


. . . 1Do anyone know a good atomized system or preferably an independent site that audit different systems, and compare them like collective2.com and what do you think about this system: http://www.collective2.com/cgi-perl...114229644291876

2Do you have any experience with any system and did it work?
------------------------------------------------------------------------

The url you post and ask about purports to audit signals ("Vortex II") from Team Forex, an entity more accurately covered at this url:

http://www.cftc.gov/opa/enf05/opa5126-05.htm

[Note: when cut and paste above, the url the poster put up and asked about loses some embedded address. It directs you to a purported scorecard of Team Forex's Vortex II signals. The scorecard appears on collective2.com. Go to the original post if you prefer and check it from there.]

 

[Chood]

Team Forex, its Vortex signals, and its leader James de Wet are not unknown to forex forum audiences -- both here, on Moneytec, and on fxstreet.com, which featured de Wet as a fx commentator.

Apparently, from the post in the other thread (forum Forex Trading, "Comparing the stock market with forex"), de Wet's back in action on Collective2.com.

Here's a post from de Wet on Moneytec earlier this year, before the CFTC enforcement action against him and Team Forex:

________________________________

“Until the past two weeks, those of you who have been following the Vortex system for a long period will have gained a great deal of respect for the results and the ease of following. The past two weeks, however, have shown that serious flaws exist in the system and that certain extraordinary market conditions have exposed them. This has lead to large losses which obviously cannot be sustained.

The purpose of this email is three-fold:

Firstly, whilst I cannot take blame for the losses, I do feel very sorry for those of you who have lost much. I know how it feels and I wish I could have prevented it.

Secondly, I am announcing the closure of the Vortex signals for the immediate future. I will be evaluating possibilities going forward, but it would be unwise to continue with the same system in its current form.

Thirdly, I have developed an intra-day system with the following characteristics. a) maximum stops 20 pips, target 30 pips per day on average, trading begins at 6AM CET and continues until the day shows a profit, whereupon we stop for the day, trading 3 ccys only.”

 

[TruthTeller]

Quote from OddTrader:

I think the vision of the project and its idea is good and even outstanding, basically. However, bugs (you know what I mean) and greed would easily kill the vision, I'm afraid.

It was, and still is, a good idea. But based on my experience with C2 as a "vendor" in the past, they are definitely not ready for prime time. They've had enough time to get it right, and just don't seem to be interested. I get the impression the owner/operator is on a shoe string budget with maybe just himself running the thing. I told him in a recent e-mail that he would do well just to sell it off to someone who could put in some capital and insure that at least the servers weren't rusted and failing every 5 minutes.