I didn't like either the way destriero posted, but I should say that he, at least once, showed gains he could get using his system on collective2...may be someone can dig out this post.
be informed this business is full of people like destriero no one is legit without auditing.
Collective2 trading systems are
not audited by third-party independent auditors. Collective2 provides a platform for developers to publish and share their trading strategies, and while it tracks the performance of these strategies, the results shown are typically
hypothetical and not verified by external, independent auditors.
Collective2 does disclose real trading results from users who mirror trading systems, the
lack of third-party auditing means that there's no independent verification of these results. This absence of independent auditing leaves the platform open to skepticism, as there’s no guarantee that the results displayed are accurate or free from manipulation.
Collective2 tracks and reports the performance of trading strategies, including both
hypothetical and real trading data. However, since there’s no third-party verification of these results, it’s possible that system developers could misrepresent performance, even though Collective2 emphasizes that they strive to provide accurate data. The platform relies on its internal tracking mechanisms, which may not be as robust as an external audit by an independent entity.
The
CFTC requires platforms that present hypothetical trading results to make clear disclosures that these results may not reflect real trading performance, and Collective2 does comply with these disclosure rules. However, the lack of independent auditing makes it difficult for potential subscribers to fully trust the results without a layer of third-party oversight.
In short, while the results are disclosed, the absence of independent auditing means that, theoretically, there’s a risk that the results could be fabricated or manipulated, and users should approach with caution, particularly when dealing with systems that boast exceptional performance. Conducting your own due diligence and asking for real-world results or feedback from other users can help mitigate this risk.