Bud Capital Equity
(128090640)
Subscription terms. Subscriptions to this system cost $349.00 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.
Hedged Equity
Core holding of long equities hedged at all times with short sales of stocks and/or stock index options.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  

2020  (1.7%)  +17.2%  +13.3%  +27.1%  +30.4%  (11.5%)  (5.3%)  (4%)  +69.1%  +8.1%  +218.3%  
2021  +18.6%  +13.2%  (4.9%)  (2.7%)  +12.4%  (5.2%)  (12.8%)  +7.1%  (3.7%)  +19.1% 
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  $50,000  
Buy Power  $59,334  
Cash  $1  
Equity  $1  
Cumulative $  $151,993  
Includes dividends and cashsettled expirations:  $430  Itemized 
Total System Equity  $201,993  
Margined  $1  
Open P/L  $8,259  
Data has been delayed by 168 hours for nonsubscribers 
System developer has asked us to delay this information by 168 hours.
Trading Record
Statistics

Strategy began3/17/2020

Suggested Minimum Cap$15,000

Strategy Age (days)550.24

Age18 months ago

What it tradesStocks

# Trades400

# Profitable147

% Profitable36.80%

Avg trade duration45.9 days

Max peaktovalley drawdown26.9%

drawdown periodFeb 16, 2021  Aug 19, 2021

Annual Return (Compounded)140.7%

Avg win$1,452

Avg loss$378.99
 Model Account Values (Raw)

Cash$53,410

Margin Used$0

Buying Power$59,334
 Ratios

W:L ratio2.24:1

Sharpe Ratio2.11

Sortino Ratio3.84

Calmar Ratio6.631
 CORRELATION STATISTICS

Return of Strat Pcnt  Return of SP500 Pcnt (cumu)203.76%

Correlation to SP5000.20700

Return Percent SP500 (cumu) during strategy life75.27%
 Return Statistics

Ann Return (w trading costs)140.7%
 Slump

Current Slump as Pcnt Equity21.90%
 Instruments

Percent Trades Futuresn/a
 Slump

Current Slump, time of slump as pcnt of strategy life0.39%
 Instruments

Short Options  Percent Covered100.00%
 Return Statistics

Return Pcnt (Compound or Annual, agebased, NFA compliant)1.407%
 Instruments

Percent Trades Optionsn/a

Percent Trades Stocks1.00%

Percent Trades Forexn/a
 Return Statistics

Ann Return (Compnd, No Fees)152.1%
 Risk of Ruin (MonteCarlo)

Chance of 10% account loss32.50%

Chance of 20% account loss16.50%

Chance of 30% account loss3.00%

Chance of 40% account loss1.00%

Chance of 60% account loss (Monte Carlo)n/a

Chance of 70% account loss (Monte Carlo)n/a

Chance of 80% account loss (Monte Carlo)n/a

Chance of 90% account loss (Monte Carlo)n/a
 Automation

Percentage Signals Automatedn/a
 Risk of Ruin (MonteCarlo)

Chance of 50% account lossn/a
 Popularity

Popularity (Today)686

Popularity (Last 6 weeks)920
 Trading Style

Any stock shorts? 0/10
 Popularity

C2 Score922

Popularity (7 days, Percentile 1000 scale)813
 Management

No Subs Allowed Flag (1: no subs)0

Strat abandoned?0
 TradesOwnSystem Certification

Trades Own System?

TOS percentn/a
 Win / Loss

Avg Loss$434

Avg Win$1,778

Sum Trade PL (losers)$109,782.000
 AUM

AUM (AutoTrader num accounts)2
 Age

Num Months filled monthly returns table19
 Win / Loss

Sum Trade PL (winners)$261,340.000

# Winners147

Num Months Winners10
 Dividends

Dividends Received in Model Acct431
 AUM

AUM (AutoTrader live capital)138186
 Win / Loss

# Losers253

% Winners36.8%
 Frequency

Avg Position Time (mins)66058.20

Avg Position Time (hrs)1100.97

Avg Trade Length45.9 days

Last Trade Ago1
 Leverage

Daily leverage (average)0.86

Daily leverage (max)1.54
 Regression

Alpha0.22

Beta0.35

Treynor Index0.73
 Maximum Adverse Excursion (MAE)

MAE:Equity, average, all trades0.00

MAE:PL  worst single value for strategy

MAE:PL (avg, winning trades)

MAE:PL (avg, losing trades)

MAE:PL (avg, all trades)0.35

MAE:Equity, average, winning trades0.00

MAE:Equity, average, losing trades0.00

Avg(MAE) / Avg(PL)  All trades2.250

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 strat0.00

Avg(MAE) / Avg(PL)  Winning trades0.179

Avg(MAE) / Avg(PL)  Losing trades1.309

HoldandHope Ratio0.732
 Analysis based on MONTHLY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean1.09527

SD0.58862

Sharpe ratio (Glass type estimate)1.86073

Sharpe ratio (Hedges UMVUE)1.77189

df16.00000

t2.21472

p0.25781

Lowerbound of 95% confidence interval for Sharpe Ratio0.06914

Upperbound of 95% confidence interval for Sharpe Ratio3.60216

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.01448

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.52931
 Statistics related to Sortino ratio

Sortino ratio6.66856

Upside Potential Ratio8.56312

Upside part of mean1.40644

Downside part of mean0.31117

Upside SD0.63173

Downside SD0.16424

N nonnegative terms11.00000

N negative terms6.00000
 Statistics related to linear regression on benchmark

N of observations17.00000

Mean of predictor0.38628

Mean of criterion1.09527

SD of predictor0.09281

SD of criterion0.58862

Covariance0.00939

r0.17181

b (slope, estimate of beta)1.08965

a (intercept, estimate of alpha)0.67436

Mean Square Error0.35867

DF error15.00000

t(b)0.67544

p(b)0.39117

t(a)0.84196

p(a)0.36579

Lowerbound of 95% confidence interval for beta2.34889

Upperbound of 95% confidence interval for beta4.52820

Lowerbound of 95% confidence interval for alpha1.03281

Upperbound of 95% confidence interval for alpha2.38153

Treynor index (mean / b)1.00516

Jensen alpha (a)0.67436
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.91491

SD0.52240

Sharpe ratio (Glass type estimate)1.75137

Sharpe ratio (Hedges UMVUE)1.66775

df16.00000

t2.08454

p0.26893

Lowerbound of 95% confidence interval for Sharpe Ratio0.02585

Upperbound of 95% confidence interval for Sharpe Ratio3.48065

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.07739

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.41288
 Statistics related to Sortino ratio

Sortino ratio5.31544

Upside Potential Ratio7.20235

Upside part of mean1.23969

Downside part of mean0.32478

Upside SD0.54495

Downside SD0.17212

N nonnegative terms11.00000

N negative terms6.00000
 Statistics related to linear regression on benchmark

N of observations17.00000

Mean of predictor0.37559

Mean of criterion0.91491

SD of predictor0.08879

SD of criterion0.52240

Covariance0.00863

r0.18602

b (slope, estimate of beta)1.09442

a (intercept, estimate of alpha)0.50386

Mean Square Error0.28102

DF error15.00000

t(b)0.73323

p(b)0.38227

t(a)0.70372

p(a)0.38680

Lowerbound of 95% confidence interval for beta2.08698

Upperbound of 95% confidence interval for beta4.27581

Lowerbound of 95% confidence interval for alpha1.02224

Upperbound of 95% confidence interval for alpha2.02996

Treynor index (mean / b)0.83598

Jensen alpha (a)0.50386
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.15786

Expected Shortfall on VaR0.20808
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.04846

Expected Shortfall on VaR0.09387
 ORDER STATISTICS
 Quartiles of return rates

Number of observations17.00000

Minimum0.88635

Quartile 10.95696

Median1.06738

Quartile 31.18089

Maximum1.44485

Mean of quarter 10.91871

Mean of quarter 21.01968

Mean of quarter 31.14059

Mean of quarter 41.33914

Inter Quartile Range0.22393

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 for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)8.68857

VaR(95%) (moments method)0.07824

Expected Shortfall (moments method)0.07824

Extreme Value Index (regression method)1.14461

VaR(95%) (regression method)0.10876

Expected Shortfall (regression method)0.11450
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations2.00000

Minimum0.13176

Quartile 10.14399

Median0.15622

Quartile 30.16845

Maximum0.18068

Mean of quarter 10.13176

Mean of quarter 20.00000

Mean of quarter 30.00000

Mean of quarter 40.18068

Inter Quartile Range0.02446

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

Expected Shortfall (regression method)0.00000
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)1.97823

Compounded annual return (geometric extrapolation)1.56720

Calmar ratio (compounded annual return / max draw down)8.67373

Compounded annual return / average of 25% largest draw downs8.67373

Compounded annual return / Expected Shortfall lognormal7.53178

0.00000

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

Mean0.97639

SD0.35875

Sharpe ratio (Glass type estimate)2.72166

Sharpe ratio (Hedges UMVUE)2.71640

df389.00000

t3.32059

p0.00049

Lowerbound of 95% confidence interval for Sharpe Ratio1.10215

Upperbound of 95% confidence interval for Sharpe Ratio4.33773

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.09866

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.33415
 Statistics related to Sortino ratio

Sortino ratio5.02112

Upside Potential Ratio13.11440

Upside part of mean2.55018

Downside part of mean1.57379

Upside SD0.30691

Downside SD0.19446

N nonnegative terms222.00000

N negative terms168.00000
 Statistics related to linear regression on benchmark

N of observations390.00000

Mean of predictor0.37298

Mean of criterion0.97639

SD of predictor0.21833

SD of criterion0.35875

Covariance0.01624

r0.20728

b (slope, estimate of beta)0.34059

a (intercept, estimate of alpha)0.84900

Mean Square Error0.12349

DF error388.00000

t(b)4.17355

p(b)0.00002

t(a)2.93256

p(a)0.00178

Lowerbound of 95% confidence interval for beta0.18014

Upperbound of 95% confidence interval for beta0.50103

Lowerbound of 95% confidence interval for alpha0.27992

Upperbound of 95% confidence interval for alpha1.41879

Treynor index (mean / b)2.86678

Jensen alpha (a)0.84935
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.91178

SD0.35322

Sharpe ratio (Glass type estimate)2.58132

Sharpe ratio (Hedges UMVUE)2.57634

df389.00000

t3.14937

p0.00088

Lowerbound of 95% confidence interval for Sharpe Ratio0.96303

Upperbound of 95% confidence interval for Sharpe Ratio4.19634

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.95973

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.19296
 Statistics related to Sortino ratio

Sortino ratio4.59796

Upside Potential Ratio12.63130

Upside part of mean2.50481

Downside part of mean1.59303

Upside SD0.29715

Downside SD0.19830

N nonnegative terms222.00000

N negative terms168.00000
 Statistics related to linear regression on benchmark

N of observations390.00000

Mean of predictor0.34909

Mean of criterion0.91178

SD of predictor0.21727

SD of criterion0.35322

Covariance0.01664

r0.21678

b (slope, estimate of beta)0.35243

a (intercept, estimate of alpha)0.78875

Mean Square Error0.11921

DF error388.00000

t(b)4.37416

p(b)0.00001

t(a)2.77353

p(a)0.00291

Lowerbound of 95% confidence interval for beta0.19402

Upperbound of 95% confidence interval for beta0.51084

Lowerbound of 95% confidence interval for alpha0.22962

Upperbound of 95% confidence interval for alpha1.34788

Treynor index (mean / b)2.58714

Jensen alpha (a)0.78875
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.03189

Expected Shortfall on VaR0.04065
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.01261

Expected Shortfall on VaR0.02493
 ORDER STATISTICS
 Quartiles of return rates

Number of observations390.00000

Minimum0.91610

Quartile 10.98999

Median1.00273

Quartile 31.01533

Maximum1.13623

Mean of quarter 10.97963

Mean of quarter 20.99699

Mean of quarter 31.00856

Mean of quarter 41.03014

Inter Quartile Range0.02534

Number outliers low2.00000

Percentage of outliers low0.00513

Mean of outliers low0.91839

Number of outliers high9.00000

Percentage of outliers high0.02308

Mean of outliers high1.08608
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.06375

VaR(95%) (moments method)0.02042

Expected Shortfall (moments method)0.02764

Extreme Value Index (regression method)0.06703

VaR(95%) (regression method)0.02021

Expected Shortfall (regression method)0.02578
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations29.00000

Minimum0.00037

Quartile 10.00567

Median0.01663

Quartile 30.02877

Maximum0.23514

Mean of quarter 10.00260

Mean of quarter 20.01117

Mean of quarter 30.02345

Mean of quarter 40.13875

Inter Quartile Range0.02311

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high6.00000

Percentage of outliers high0.20690

Mean of outliers high0.15421
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)1.37690

VaR(95%) (moments method)0.09177

Expected Shortfall (moments method)0.09649

Extreme Value Index (regression method)0.88019

VaR(95%) (regression method)0.16871

Expected Shortfall (regression method)0.18818
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)2.04913

Compounded annual return (geometric extrapolation)1.55918

Calmar ratio (compounded annual return / max draw down)6.63075

Compounded annual return / average of 25% largest draw downs11.23700

Compounded annual return / Expected Shortfall lognormal38.35560

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

Mean0.23203

SD0.28286

Sharpe ratio (Glass type estimate)0.82029

Sharpe ratio (Hedges UMVUE)0.81555

df130.00000

t0.58003

p0.52540

Lowerbound of 95% confidence interval for Sharpe Ratio3.59232

Upperbound of 95% confidence interval for Sharpe Ratio1.95488

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation3.58913

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.95803
 Statistics related to Sortino ratio

Sortino ratio1.24052

Upside Potential Ratio8.67529

Upside part of mean1.62266

Downside part of mean1.85469

Upside SD0.21124

Downside SD0.18704

N nonnegative terms62.00000

N negative terms69.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.22602

Mean of criterion0.23203

SD of predictor0.10557

SD of criterion0.28286

Covariance0.00309

r0.10361

b (slope, estimate of beta)0.27761

a (intercept, estimate of alpha)0.29478

Mean Square Error0.07977

DF error129.00000

t(b)1.18313

p(b)0.43416

t(a)0.73160

p(a)0.54089

Lowerbound of 95% confidence interval for beta0.18663

Upperbound of 95% confidence interval for beta0.74186

Lowerbound of 95% confidence interval for alpha1.09197

Upperbound of 95% confidence interval for alpha0.50242

Treynor index (mean / b)0.83581

Jensen alpha (a)0.29478
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.27140

SD0.28058

Sharpe ratio (Glass type estimate)0.96729

Sharpe ratio (Hedges UMVUE)0.96170

df130.00000

t0.68397

p0.52994

Lowerbound of 95% confidence interval for Sharpe Ratio3.73978

Upperbound of 95% confidence interval for Sharpe Ratio1.80883

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation3.73597

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.81257
 Statistics related to Sortino ratio

Sortino ratio1.43484

Upside Potential Ratio8.46348

Upside part of mean1.60085

Downside part of mean1.87225

Upside SD0.20646

Downside SD0.18915

N nonnegative terms62.00000

N negative terms69.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.22038

Mean of criterion0.27140

SD of predictor0.10552

SD of criterion0.28058

Covariance0.00309

r0.10450

b (slope, estimate of beta)0.27786

a (intercept, estimate of alpha)0.33263

Mean Square Error0.07847

DF error129.00000

t(b)1.19345

p(b)0.43359

t(a)0.83271

p(a)0.54651

VAR (95 Confidence Intrvl)0.03200

Lowerbound of 95% confidence interval for beta0.18278

Upperbound of 95% confidence interval for beta0.73850

Lowerbound of 95% confidence interval for alpha1.12297

Upperbound of 95% confidence interval for alpha0.45771

Treynor index (mean / b)0.97674

Jensen alpha (a)0.33263
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.02912

Expected Shortfall on VaR0.03610
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.01703

Expected Shortfall on VaR0.02836
 ORDER STATISTICS
 Quartiles of return rates

Number of observations131.00000

Minimum0.96776

Quartile 10.98691

Median0.99793

Quartile 31.00822

Maximum1.08893

Mean of quarter 10.97939

Mean of quarter 20.99279

Mean of quarter 31.00330

Mean of quarter 41.02153

Inter Quartile Range0.02130

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.00763

Mean of outliers high1.08893
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.16439

VaR(95%) (moments method)0.02218

Expected Shortfall (moments method)0.02635

Extreme Value Index (regression method)0.85936

VaR(95%) (regression method)0.02087

Expected Shortfall (regression method)0.02202
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations3.00000

Minimum0.01499

Quartile 10.08864

Median0.16229

Quartile 30.19872

Maximum0.23514

Mean of quarter 10.01499

Mean of quarter 20.16229

Mean of quarter 30.00000

Mean of quarter 40.23514

Inter Quartile Range0.11008

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 Negative0.75%

Expected Shortfall (regression method)0.00000

Strat Max DD how much worse than SP500 max DD during strat life?339922000

Max Equity Drawdown (num days)184
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.22925

Compounded annual return (geometric extrapolation)0.21611

Calmar ratio (compounded annual return / max draw down)0.91907

Compounded annual return / average of 25% largest draw downs0.91907

Compounded annual return / Expected Shortfall lognormal5.98609
Strategy Description
This strategy invests real money drawing from my 17 years of trading and investing experience (formerly a wealth manager and proprietary trader.) I research opportunities with a micro focus using a bottomup diversified approach combining fundamental and technical analysis, sentiment, momentum & macro themes. Vigorous research is employed to identify small/micro cap opportunities with multibagger potential. Risk management is a top priority. I do not hold more than 1015% of my portfolio in any one position. I also do not use leverage. In an attempt to minimize drawdowns, hedging is used from time to time via a long only short or alternative asset ETF. No shorts are held in this fund.
Who is my ideal investor? investors looking for an alternative investment strategy either alongside others or whom have an appetite for a favourable risk/reward opportunity over a 35 year time horizon. The business's I look for have the potential to disrupt their markets with ample growth prospects and good management and need time to grow. As with all strategies there will be drawdowns but time in my strategy rather than timing my strategy is key. My goal is to grow this fund over the long term and if I feel liquidity ever becomes an issue I will restrict new investors.
Guidelines:
 Min investment: $30,000
 Max investment $100,000
 With regard to joining existing trades you may be entering at a price higher than the fund's purchase price  this means you need a long term investing mindset in case of volatility.
 If you can't stomach drawdowns then you should not be investing in stocks PERIOD let alone my strategy. I do not want subscribers investing after strong performance and then cashing out after a drawdown which happened to one recent subscriber. This is not the way to invest long term.
 I strongly advise against trying to time my strategy by increasing allocation on the way up and decreasing on the way down.
 Ensure OTC permissions are turned on including leveraged ETF's.
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.