How does Collective2 work?
- Thread starter braincell
- Start date
Quote from riskaddict:
If you are a "developer" and have an account with OEC or a couple others you can make it just track what you do in your real account but I have no idea how to prove it to the public. I just created a "system" using an OEC account and it works perfectly but if I was to subscribe to a system I don't think there is any way I would have it auto trade for me it just seems that to much can go wrong. But I wouldn't trust what anybody says they are doing. Half the time I forget I even have a trade on
Trades 25
# Profitable 22 (88.0%)
Avg trade duration 14.4 hours
Annual return (compounded) 787.6%
Average win $683
Average loss $425
Profit factor 11.8:1
Max peak-to-valley drawdown (historical) 3.97%
drawdown period Sept 10, 2011 to Sept 13, 2011
Correlation w/ S&P -0.026
Sharpe ratio 8.41
Keep after worst-case slippage 90.0%
Probabilities of future account loss
Chance of 10% account loss 0.0%
Chance of 20% account loss 0.0%
Chance of 30% account loss 0.0%
Chance of 100% account loss 100.0%
C2 is very good service for signal provider and one who wants to see audit results. They are very small and have share of problems but Mathew works to address all issues. Systems can be automated, semi-automated, or discretionary.
There are high risks to any form of trading including system. But, with c2 you get to see what a trader/system did in real-time which is much more relevant then a historical backtest.
It is best to look closely at what system developer writes and to look at the risk metrics of system before trading. There are many metrics to review and each trade can be reviewed. I change my goals and warn clearly that risk is likely higher in future.
There are many bad systems on c2 but nobody says you have to trade them. You can use the grid to input metrics to find systems that have good criteria in terms of net return, risk/adjust return, # trades, etc.
You can paper trade a system for free with OEC Cry.
If you are serious about "making calls" then it provides the most accurate method that I know for tracking your results -- short of a real trade statements.
There are high risks to any form of trading including system. But, with c2 you get to see what a trader/system did in real-time which is much more relevant then a historical backtest.
It is best to look closely at what system developer writes and to look at the risk metrics of system before trading. There are many metrics to review and each trade can be reviewed. I change my goals and warn clearly that risk is likely higher in future.
There are many bad systems on c2 but nobody says you have to trade them. You can use the grid to input metrics to find systems that have good criteria in terms of net return, risk/adjust return, # trades, etc.
You can paper trade a system for free with OEC Cry.
If you are serious about "making calls" then it provides the most accurate method that I know for tracking your results -- short of a real trade statements.