VolatilityTrader
(100722273)
Subscription terms. Subscriptions to this system cost $299.00 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.
Premium Collecting
A trading strategy that, while typically profitable on a tradebytrade basis, has some possibility of infrequent, but extremely large, losses.Volatility Long / Short
This strategy constructs portfolios that make bets about whether market volatility will increase or decrease.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  

2016  (4.4%)  +19.3%  +40.3%  +55.2%  +45.2%  +11.9%  +15.2%  (7.7%)  +24.6%  +4.4%  +458.1%  
2017  (28.3%)  (28%)  +23.1%  +11.4%  +7.1%  +10.7%  (11.4%)  +27.8%  +11.3%  +5.2%  (3.1%)  +10.4%  +19.1% 
2018  +6.2%  +27.3%  (2.3%)  +7.2%  +8.2%  (6.4%)  +19.9%  (5.8%)  +4.8%  (5.2%)  +8.7%  (36.7%)  +10.8% 
2019  +21.0%  +12.1%  +8.4%  (3.2%)  (4.1%)  +8.0%  +6.9%    +11.1%  +2.3%  (9.6%)  (1.4%)  +59.5% 
2020  (11.6%)  +2.3%  (9.8%)  +25.3%  +20.1%  +14.1%  +14.0%  (12.4%)  (12.6%)  +24.2%  (66.1%)  (30%)  (64%) 
2021  (16%)  +16.5%            (2.1%) 
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  $490,910  
Cash  $1  
Equity  $1  
Cumulative $  $390,909  
Includes dividends and cashsettled expirations:  $35,211  Itemized 
Total System Equity  $490,909  
Margined  $1  
Open P/L  $0  
Data has been delayed by 24 hours for nonsubscribers 
System developer has asked us to delay this information by 24 hours.
Trading Record
Statistics

Strategy began3/7/2016

Suggested Minimum Cap$100,000

Strategy Age (days)1962.61

Age66 months ago

What it tradesOptions

# Trades3066

# Profitable2841

% Profitable92.70%

Avg trade duration11.9 days

Max peaktovalley drawdown85.29%

drawdown periodSept 08, 2020  Jan 08, 2021

Annual Return (Compounded)33.0%

Avg win$1,954

Avg loss$23,092
 Model Account Values (Raw)

Cash$490,910

Margin Used$0

Buying Power$490,910
 Ratios

W:L ratio1.08:1

Sharpe Ratio0.59

Sortino Ratio0.85

Calmar Ratio0.468
 CORRELATION STATISTICS

Return of Strat Pcnt  Return of SP500 Pcnt (cumu)220.35%

Correlation to SP5000.26520

Return Percent SP500 (cumu) during strategy life120.92%
 Return Statistics

Ann Return (w trading costs)33.0%
 Slump

Current Slump as Pcnt Equity458.70%
 Instruments

Percent Trades Futures0.00%
 Slump

Current Slump, time of slump as pcnt of strategy life0.16%
 Instruments

Short Options  Percent Covered32.77%
 Return Statistics

Return Pcnt (Compound or Annual, agebased, NFA compliant)0.330%
 Instruments

Percent Trades Options0.82%

Percent Trades Stocks0.18%

Percent Trades Forexn/a
 Return Statistics

Ann Return (Compnd, No Fees)34.3%
 Risk of Ruin (MonteCarlo)

Chance of 10% account loss57.50%

Chance of 20% account loss33.00%

Chance of 30% account loss19.00%

Chance of 40% account loss5.00%

Chance of 60% account loss (Monte Carlo)0.50%

Chance of 70% account loss (Monte Carlo)0.50%

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 Automated0.59%
 Risk of Ruin (MonteCarlo)

Chance of 50% account loss1.00%
 Popularity

Popularity (Today)819

Popularity (Last 6 weeks)959
 Trading Style

Any stock shorts? 0/11
 Popularity

Popularity (7 days, Percentile 1000 scale)858
 Management

No Subs Allowed Flag (1: no subs)0

Strat abandoned?0
 TradesOwnSystem Certification

Trades Own System?

TOS percentn/a
 Win / Loss

Avg Loss$23,093

Avg Win$1,954

Sum Trade PL (losers)$5,195,900.000
 Age

Num Months filled monthly returns table65
 Win / Loss

Sum Trade PL (winners)$5,551,620.000

# Winners2841

Num Months Winners37
 Dividends

Dividends Received in Model Acct35212
 Win / Loss

# Losers225

% Winners92.7%
 Frequency

Avg Position Time (mins)17190.20

Avg Position Time (hrs)286.50

Avg Trade Length11.9 days

Last Trade Ago149
 Leverage

Daily leverage (average)3.91

Daily leverage (max)45.35
 Regression

Alpha0.08

Beta0.85

Treynor Index0.14
 Maximum Adverse Excursion (MAE)

MAE:Equity, average, all trades0.01

MAE:PL  Winning Trades  this strat Percentile of All Strats61.57

MAE:PL  worst single value for strategy

MAE:PL  Losing Trades  this strat Percentile of All Strats62.13

MAE:PL (avg, winning trades)

MAE:PL (avg, losing trades)

MAE:PL (avg, all trades)3.37

MAE:Equity, average, winning trades0.00

MAE:Equity, average, losing trades0.04

Avg(MAE) / Avg(PL)  All trades50.041

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 strat0.15

Avg(MAE) / Avg(PL)  Winning trades1.629

Avg(MAE) / Avg(PL)  Losing trades1.369

HoldandHope Ratio0.020
 Analysis based on MONTHLY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean0.51725

SD0.62009

Sharpe ratio (Glass type estimate)0.83415

Sharpe ratio (Hedges UMVUE)0.82293

df56.00000

t1.81799

p0.03721

Lowerbound of 95% confidence interval for Sharpe Ratio0.08187

Upperbound of 95% confidence interval for Sharpe Ratio1.74294

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.08919

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.73505
 Statistics related to Sortino ratio

Sortino ratio1.36386

Upside Potential Ratio2.64648

Upside part of mean1.00368

Downside part of mean0.48644

Upside SD0.50619

Downside SD0.37925

N nonnegative terms39.00000

N negative terms18.00000
 Statistics related to linear regression on benchmark

N of observations57.00000

Mean of predictor0.11816

Mean of criterion0.51725

SD of predictor0.14337

SD of criterion0.62009

Covariance0.00278

r0.03131

b (slope, estimate of beta)0.13542

a (intercept, estimate of alpha)0.50125

Mean Square Error0.39111

DF error55.00000

t(b)0.23231

p(b)0.40858

t(a)1.69856

p(a)0.04753

Lowerbound of 95% confidence interval for beta1.03277

Upperbound of 95% confidence interval for beta1.30361

Lowerbound of 95% confidence interval for alpha0.09015

Upperbound of 95% confidence interval for alpha1.09264

Treynor index (mean / b)3.81963

Jensen alpha (a)0.50125
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.29575

SD0.70261

Sharpe ratio (Glass type estimate)0.42092

Sharpe ratio (Hedges UMVUE)0.41526

df56.00000

t0.91739

p0.18144

Lowerbound of 95% confidence interval for Sharpe Ratio0.48359

Upperbound of 95% confidence interval for Sharpe Ratio1.32171

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.48731

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.31784
 Statistics related to Sortino ratio

Sortino ratio0.53483

Upside Potential Ratio1.62406

Upside part of mean0.89805

Downside part of mean0.60231

Upside SD0.43188

Downside SD0.55297

N nonnegative terms39.00000

N negative terms18.00000
 Statistics related to linear regression on benchmark

N of observations57.00000

Mean of predictor0.10724

Mean of criterion0.29575

SD of predictor0.14395

SD of criterion0.70261

Covariance0.00336

r0.03325

b (slope, estimate of beta)0.16229

a (intercept, estimate of alpha)0.31315

Mean Square Error0.50208

DF error55.00000

t(b)0.24672

p(b)0.59698

t(a)0.94129

p(a)0.17534

Lowerbound of 95% confidence interval for beta1.48050

Upperbound of 95% confidence interval for beta1.15593

Lowerbound of 95% confidence interval for alpha0.35356

Upperbound of 95% confidence interval for alpha0.97986

Treynor index (mean / b)1.82240

Jensen alpha (a)0.31315
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.26580

Expected Shortfall on VaR0.32361
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.06539

Expected Shortfall on VaR0.15339
 ORDER STATISTICS
 Quartiles of return rates

Number of observations57.00000

Minimum0.34240

Quartile 10.98596

Median1.03897

Quartile 31.12250

Maximum1.59360

Mean of quarter 10.84993

Mean of quarter 21.01763

Mean of quarter 31.07949

Mean of quarter 41.24864

Inter Quartile Range0.13654

Number outliers low3.00000

Percentage of outliers low0.05263

Mean of outliers low0.63156

Number of outliers high4.00000

Percentage of outliers high0.07018

Mean of outliers high1.43950
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)1.63363

VaR(95%) (moments method)0.05890

Expected Shortfall (moments method)0.06113

Extreme Value Index (regression method)0.02770

VaR(95%) (regression method)0.16915

Expected Shortfall (regression method)0.25891
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations6.00000

Minimum0.06203

Quartile 10.12446

Median0.27196

Quartile 30.35302

Maximum0.75854

Mean of quarter 10.07154

Mean of quarter 20.25469

Mean of quarter 30.28922

Mean of quarter 40.56641

Inter Quartile Range0.22856

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.16667

Mean of outliers high0.75854
 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)0.76890

Compounded annual return (geometric extrapolation)0.38217

Calmar ratio (compounded annual return / max draw down)0.50382

Compounded annual return / average of 25% largest draw downs0.67472

Compounded annual return / Expected Shortfall lognormal1.18095

0.00000

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

Mean0.47769

SD0.58928

Sharpe ratio (Glass type estimate)0.81062

Sharpe ratio (Hedges UMVUE)0.81014

df1262.00000

t1.77980

p0.47498

Lowerbound of 95% confidence interval for Sharpe Ratio0.08277

Upperbound of 95% confidence interval for Sharpe Ratio1.70372

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.08310

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.70338
 Statistics related to Sortino ratio

Sortino ratio1.17147

Upside Potential Ratio7.92681

Upside part of mean3.23228

Downside part of mean2.75460

Upside SD0.42612

Downside SD0.40777

N nonnegative terms702.00000

N negative terms561.00000
 Statistics related to linear regression on benchmark

N of observations1263.00000

Mean of predictor0.13002

Mean of criterion0.47769

SD of predictor0.19328

SD of criterion0.58928

Covariance0.02831

r0.24853

b (slope, estimate of beta)0.75774

a (intercept, estimate of alpha)0.35700

Mean Square Error0.32606

DF error1261.00000

t(b)9.11115

p(b)0.34343

t(a)1.45664

p(a)0.47391

Lowerbound of 95% confidence interval for beta0.59458

Upperbound of 95% confidence interval for beta0.92090

Lowerbound of 95% confidence interval for alpha0.13151

Upperbound of 95% confidence interval for alpha0.88983

Treynor index (mean / b)0.63041

Jensen alpha (a)0.37916
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.30365

SD0.59071

Sharpe ratio (Glass type estimate)0.51404

Sharpe ratio (Hedges UMVUE)0.51374

df1262.00000

t1.12862

p0.48412

Lowerbound of 95% confidence interval for Sharpe Ratio0.37897

Upperbound of 95% confidence interval for Sharpe Ratio1.40685

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.37917

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.40664
 Statistics related to Sortino ratio

Sortino ratio0.70569

Upside Potential Ratio7.31419

Upside part of mean3.14722

Downside part of mean2.84357

Upside SD0.40481

Downside SD0.43029

N nonnegative terms702.00000

N negative terms561.00000
 Statistics related to linear regression on benchmark

N of observations1263.00000

Mean of predictor0.11119

Mean of criterion0.30365

SD of predictor0.19434

SD of criterion0.59071

Covariance0.02863

r0.24938

b (slope, estimate of beta)0.75802

a (intercept, estimate of alpha)0.21937

Mean Square Error0.32750

DF error1261.00000

t(b)9.14475

p(b)0.34290

t(a)0.84110

p(a)0.48493

Lowerbound of 95% confidence interval for beta0.59540

Upperbound of 95% confidence interval for beta0.92064

Lowerbound of 95% confidence interval for alpha0.29230

Upperbound of 95% confidence interval for alpha0.73104

Treynor index (mean / b)0.40058

Jensen alpha (a)0.21937
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.05717

Expected Shortfall on VaR0.07135
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.02206

Expected Shortfall on VaR0.04695
 ORDER STATISTICS
 Quartiles of return rates

Number of observations1263.00000

Minimum0.77364

Quartile 10.98847

Median1.00231

Quartile 31.01537

Maximum1.34274

Mean of quarter 10.96180

Mean of quarter 20.99664

Mean of quarter 31.00838

Mean of quarter 41.04092

Inter Quartile Range0.02690

Number outliers low66.00000

Percentage of outliers low0.05226

Mean of outliers low0.90997

Number of outliers high66.00000

Percentage of outliers high0.05226

Mean of outliers high1.08830
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.43469

VaR(95%) (moments method)0.03710

Expected Shortfall (moments method)0.07607

Extreme Value Index (regression method)0.28036

VaR(95%) (regression method)0.03513

Expected Shortfall (regression method)0.06036
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations70.00000

Minimum0.00123

Quartile 10.00891

Median0.03026

Quartile 30.09594

Maximum0.81739

Mean of quarter 10.00499

Mean of quarter 20.01621

Mean of quarter 30.04943

Mean of quarter 40.24836

Inter Quartile Range0.08703

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high7.00000

Percentage of outliers high0.10000

Mean of outliers high0.43965
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)0.56650

VaR(95%) (moments method)0.28364

Expected Shortfall (moments method)0.69264

Extreme Value Index (regression method)0.65240

VaR(95%) (regression method)0.18931

Expected Shortfall (regression method)0.45020
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.81829

Compounded annual return (geometric extrapolation)0.39314

Calmar ratio (compounded annual return / max draw down)0.48096

Compounded annual return / average of 25% largest draw downs1.58290

Compounded annual return / Expected Shortfall lognormal5.50970

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

Mean2.06498

SD1.11084

Sharpe ratio (Glass type estimate)1.85894

Sharpe ratio (Hedges UMVUE)1.84819

df130.00000

t1.31447

p0.55726

Lowerbound of 95% confidence interval for Sharpe Ratio4.63643

Upperbound of 95% confidence interval for Sharpe Ratio0.92558

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation4.62909

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation0.93270
 Statistics related to Sortino ratio

Sortino ratio2.43741

Upside Potential Ratio5.79495

Upside part of mean4.90950

Downside part of mean6.97448

Upside SD0.72323

Downside SD0.84720

N nonnegative terms65.00000

N negative terms66.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.36573

Mean of criterion2.06498

SD of predictor0.17381

SD of criterion1.11084

Covariance0.05652

r0.29274

b (slope, estimate of beta)1.87092

a (intercept, estimate of alpha)1.38072

Mean Square Error1.13696

DF error129.00000

t(b)3.47722

p(b)0.68367

t(a)0.90793

p(a)0.55068

Lowerbound of 95% confidence interval for beta2.93546

Upperbound of 95% confidence interval for beta0.80637

Lowerbound of 95% confidence interval for alpha4.38954

Upperbound of 95% confidence interval for alpha1.62809

Treynor index (mean / b)1.10373

Jensen alpha (a)1.38072
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean2.69176

SD1.11774

Sharpe ratio (Glass type estimate)2.40822

Sharpe ratio (Hedges UMVUE)2.39430

df130.00000

t1.70287

p0.57386

Lowerbound of 95% confidence interval for Sharpe Ratio5.19095

Upperbound of 95% confidence interval for Sharpe Ratio0.38349

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation5.18134

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation0.39275
 Statistics related to Sortino ratio

Sortino ratio2.95378

Upside Potential Ratio5.13259

Upside part of mean4.67730

Downside part of mean7.36906

Upside SD0.66106

Downside SD0.91129

N nonnegative terms65.00000

N negative terms66.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.35041

Mean of criterion2.69176

SD of predictor0.17424

SD of criterion1.11774

Covariance0.05400

r0.27726

b (slope, estimate of beta)1.77860

a (intercept, estimate of alpha)2.06851

Mean Square Error1.16224

DF error129.00000

t(b)3.27759

p(b)0.67422

t(a)1.34631

p(a)0.57476

VAR (95 Confidence Intrvl)0.05700

Lowerbound of 95% confidence interval for beta2.85225

Upperbound of 95% confidence interval for beta0.70494

Lowerbound of 95% confidence interval for alpha5.10839

Upperbound of 95% confidence interval for alpha0.97137

Treynor index (mean / b)1.51342

Jensen alpha (a)2.06851
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.11650

Expected Shortfall on VaR0.14134
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.06185

Expected Shortfall on VaR0.11832
 ORDER STATISTICS
 Quartiles of return rates

Number of observations131.00000

Minimum0.77364

Quartile 10.96401

Median1.00001

Quartile 31.02151

Maximum1.34274

Mean of quarter 10.90790

Mean of quarter 20.98664

Mean of quarter 31.00845

Mean of quarter 41.06640

Inter Quartile Range0.05750

Number outliers low7.00000

Percentage of outliers low0.05344

Mean of outliers low0.83929

Number of outliers high4.00000

Percentage of outliers high0.03053

Mean of outliers high1.18909
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.06341

VaR(95%) (moments method)0.08606

Expected Shortfall (moments method)0.11319

Extreme Value Index (regression method)0.03650

VaR(95%) (regression method)0.10053

Expected Shortfall (regression method)0.13698
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations4.00000

Minimum0.01224

Quartile 10.06169

Median0.18106

Quartile 30.41730

Maximum0.81739

Mean of quarter 10.01224

Mean of quarter 20.07817

Mean of quarter 30.28394

Mean of quarter 40.81739

Inter Quartile Range0.35561

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?322487000

Max Equity Drawdown (num days)122
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)1.47206

Compounded annual return (geometric extrapolation)0.93032

Calmar ratio (compounded annual return / max draw down)1.13815

Compounded annual return / average of 25% largest draw downs1.13815

Compounded annual return / Expected Shortfall lognormal6.58193
Strategy Description
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.
Not available
This feature isn't available under your current Trade Leader Plan.
Strategy is now visible
This strategy is now visible to the public. New subscribers will be able to follow it.
If you designate your strategy as Private, it will no longer be visible to the public.
No subscribers and simulations will be allowed. If you have subscribers, the strategy will still be visible to them.
If you have simulations, they will be stopped.
Continue to designate your strategy as Private?
Strategy is no longer visible
This strategy is no longer visible to anyone except current subscribers.
(Current subscribers will remain subscribed. You can see who is subscribed, and control their subscriptions, on your Subscriber Management screen.)
Finally, please note that you can restore public visibility at any time.
This strategy is no longer visible to the public. No subscribers will be allowed.
You can restore public visibility at any time.
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.