Wow, what an awesome thread. I've seen you guys mention that collective2 before. I have sooooo many questions, and that site seems kind of hard to navigate. Tons of questions for anyone with knowledge:
1. Has anyone actually done this? With which one? Results?
2. Is there not a way to sort the systems by how long they've been around? I don't want to see the hundreds that were set up in the last few months, I want to see the ones that have been around for years and that will have the most established track record.
3. How exactly does it work. Let's say I have an IB account. Do I have to give the system guy my login info and password and what not? Or just collective2? Does the system guy or someone else actually log into my account and make trades? Or collective2 just sends some electronic signal to IB and IB knows to make the trade in my account?
4. What if I have an account that is half invested in stocks and I don't want to sell those, can I instruct the system to just use the other half?
5. The one mentioned in the original post seems outstanding. As do all or most of those that wmwmw posted that he said blew out? They are up generally like 70%+ ANNUALLY and their max drawdowns like 25%ish? That seems outstanding to me. What am I missing here?
6. Is not the thing to do, assuming one had enough money, to sign up for like 10 different ones for 10 different accounts, all outstanding tested systems, and divvy up all or some of your portfolio in those different accounts? That way, if 1 or 2 blow out, you are probably still doing great, if (other than the ones that blow out) they continue to meet or even be close to past performance. A 75% annual return, even with a 100% blow out every 5-10 years, is still magic if you scale in and pull money out so the wipe-out does not kill you.
7. I wonder if another technique would be to watch them and wait for a blow out. If its been around years, and suffers its first blow-out, that might be a black swan and better performance should resume soon, time to go with it? Although maybe not.
Thanks!