BuyLowAlgo
(129846582)
Subscription terms. Subscriptions to this system cost $99.00 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.
Trendfollowing
Tries to take advantage of long, medium or shortterm moves that seem to play out in various markets. Typically, trendfollowing analysis is backward looking; that is, it attempts to recognize and profit from alreadyestablished trends.Momentum
Aims to capitalize on the continuance of existing trends in the market. Trader takes a long position in an asset in an upward trend, and shortsells a security that has been in a downward trend. While similar to Trendfollowing, tends to be more forwardlooking (predicting oncoming trend), while Momentum is more backwardlooking (observing alreadyestablished price direction).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  +11.7%  +9.3%  (2.6%)  +2.1%  +35.9%  (0.2%)  +64.7%  
2021  +18.4%  +6.6%  (15.4%)  (4.4%)  (5.5%)  +5.0%  (2.4%)  (2.1%)  (3.4%)  (6.5%) 
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  $38,068  
Cash  $38,461  
Equity  ($392)  
Cumulative $  $30,174  
Includes dividends and cashsettled expirations:  $224  Itemized 
Total System Equity  $80,174  
Margined  $0  
Open P/L  ($392) 
Trading Record
Statistics

Strategy began7/1/2020

Suggested Minimum Cap$15,000

Strategy Age (days)444.16

Age15 months ago

What it tradesStocks

# Trades557

# Profitable240

% Profitable43.10%

Avg trade duration9.1 days

Max peaktovalley drawdown46.82%

drawdown periodFeb 09, 2021  Sept 17, 2021

Annual Return (Compounded)42.1%

Avg win$652.32

Avg loss$399.39
 Model Account Values (Raw)

Cash$38,461

Margin Used$0

Buying Power$38,068
 Ratios

W:L ratio1.24:1

Sharpe Ratio0.84

Sortino Ratio1.36

Calmar Ratio1.116
 CORRELATION STATISTICS

Return of Strat Pcnt  Return of SP500 Pcnt (cumu)11.64%

Correlation to SP5000.32170

Return Percent SP500 (cumu) during strategy life42.27%
 Return Statistics

Ann Return (w trading costs)42.1%
 Slump

Current Slump as Pcnt Equity88.00%
 Instruments

Percent Trades Futuresn/a
 Slump

Current Slump, time of slump as pcnt of strategy life0.50%
 Instruments

Short Options  Percent Covered100.00%
 Return Statistics

Return Pcnt (Compound or Annual, agebased, NFA compliant)0.421%
 Instruments

Percent Trades Optionsn/a

Percent Trades Stocks1.00%

Percent Trades Forexn/a
 Return Statistics

Ann Return (Compnd, No Fees)47.3%
 Risk of Ruin (MonteCarlo)

Chance of 10% account loss62.00%

Chance of 20% account loss30.00%

Chance of 30% account loss8.00%

Chance of 40% account loss2.50%

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 Automated99.12%
 Risk of Ruin (MonteCarlo)

Chance of 50% account loss1.00%
 Popularity

Popularity (Today)0

Popularity (Last 6 weeks)415
 Trading Style

Any stock shorts? 0/10
 Popularity

C2 Score738

Popularity (7 days, Percentile 1000 scale)0
 Management

No Subs Allowed Flag (1: no subs)0

Strat abandoned?0
 TradesOwnSystem Certification

Trades Own System?

TOS percentn/a
 Win / Loss

Avg Loss$399

Avg Win$652

Sum Trade PL (losers)$126,606.000
 AUM

AUM (AutoTrader num accounts)1
 Age

Num Months filled monthly returns table15
 Win / Loss

Sum Trade PL (winners)$156,556.000

# Winners240

Num Months Winners7
 Dividends

Dividends Received in Model Acct224
 AUM

AUM (AutoTrader live capital)39474
 Win / Loss

# Losers317

% Winners43.1%
 Frequency

Avg Position Time (mins)13081.10

Avg Position Time (hrs)218.02

Avg Trade Length9.1 days

Last Trade Ago2
 Leverage

Daily leverage (average)0.91

Daily leverage (max)1.34
 Regression

Alpha0.04

Beta0.95

Treynor Index0.12
 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)0.31

MAE:Equity, average, winning trades0.00

MAE:Equity, average, losing trades0.01

Avg(MAE) / Avg(PL)  All trades10.715

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 strat0.01

Avg(MAE) / Avg(PL)  Winning trades0.262

Avg(MAE) / Avg(PL)  Losing trades1.373

HoldandHope Ratio0.100
 Analysis based on MONTHLY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean0.48802

SD0.45033

Sharpe ratio (Glass type estimate)1.08368

Sharpe ratio (Hedges UMVUE)1.01972

df13.00000

t1.17051

p0.30660

Lowerbound of 95% confidence interval for Sharpe Ratio0.79675

Upperbound of 95% confidence interval for Sharpe Ratio2.92493

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.83670

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation2.87615
 Statistics related to Sortino ratio

Sortino ratio3.64721

Upside Potential Ratio5.62604

Upside part of mean0.75279

Downside part of mean0.26478

Upside SD0.43618

Downside SD0.13381

N nonnegative terms6.00000

N negative terms8.00000
 Statistics related to linear regression on benchmark

N of observations14.00000

Mean of predictor0.29936

Mean of criterion0.48802

SD of predictor0.14475

SD of criterion0.45033

Covariance0.04048

r0.62093

b (slope, estimate of beta)1.93178

a (intercept, estimate of alpha)0.09028

Mean Square Error0.13499

DF error12.00000

t(b)2.74406

p(b)0.18953

t(a)0.22560

p(a)0.53249

Lowerbound of 95% confidence interval for beta0.39792

Upperbound of 95% confidence interval for beta3.46563

Lowerbound of 95% confidence interval for alpha0.96213

Upperbound of 95% confidence interval for alpha0.78158

Treynor index (mean / b)0.25262

Jensen alpha (a)0.09028
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.39751

SD0.40621

Sharpe ratio (Glass type estimate)0.97857

Sharpe ratio (Hedges UMVUE)0.92082

df13.00000

t1.05698

p0.32330

Lowerbound of 95% confidence interval for Sharpe Ratio0.89167

Upperbound of 95% confidence interval for Sharpe Ratio2.81309

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.92795

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation2.76959
 Statistics related to Sortino ratio

Sortino ratio2.85199

Upside Potential Ratio4.81498

Upside part of mean0.67111

Downside part of mean0.27360

Upside SD0.38336

Downside SD0.13938

N nonnegative terms6.00000

N negative terms8.00000
 Statistics related to linear regression on benchmark

N of observations14.00000

Mean of predictor0.28587

Mean of criterion0.39751

SD of predictor0.13994

SD of criterion0.40621

Covariance0.03441

r0.60527

b (slope, estimate of beta)1.75692

a (intercept, estimate of alpha)0.10475

Mean Square Error0.11327

DF error12.00000

t(b)2.63399

p(b)0.19737

t(a)0.28674

p(a)0.54125

Lowerbound of 95% confidence interval for beta0.30361

Upperbound of 95% confidence interval for beta3.21024

Lowerbound of 95% confidence interval for alpha0.90069

Upperbound of 95% confidence interval for alpha0.69119

Treynor index (mean / b)0.22625

Jensen alpha (a)0.10475
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.14765

Expected Shortfall on VaR0.18765
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.05552

Expected Shortfall on VaR0.09686
 ORDER STATISTICS
 Quartiles of return rates

Number of observations14.00000

Minimum0.89987

Quartile 10.97840

Median0.99700

Quartile 31.09371

Maximum1.32407

Mean of quarter 10.93783

Mean of quarter 20.98603

Mean of quarter 31.00734

Mean of quarter 41.21764

Inter Quartile Range0.11531

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high2.00000

Percentage of outliers high0.14286

Mean of outliers high1.31267
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)7.29234

VaR(95%) (moments method)0.05218

Expected Shortfall (moments method)0.05218

Extreme Value Index (regression method)1.12532

VaR(95%) (regression method)0.10844

Expected Shortfall (regression method)0.11662
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations2.00000

Minimum0.01971

Quartile 10.07390

Median0.12808

Quartile 30.18227

Maximum0.23645

Mean of quarter 10.01971

Mean of quarter 20.00000

Mean of quarter 30.00000

Mean of quarter 40.23645

Inter Quartile Range0.10837

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)0.55086

Compounded annual return (geometric extrapolation)0.53023

Calmar ratio (compounded annual return / max draw down)2.24243

Compounded annual return / average of 25% largest draw downs2.24243

Compounded annual return / Expected Shortfall lognormal2.82560

0.00000

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

Mean0.45187

SD0.41887

Sharpe ratio (Glass type estimate)1.07880

Sharpe ratio (Hedges UMVUE)1.07619

df311.00000

t1.17724

p0.12000

Lowerbound of 95% confidence interval for Sharpe Ratio0.72013

Upperbound of 95% confidence interval for Sharpe Ratio2.87600

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.72186

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation2.87424
 Statistics related to Sortino ratio

Sortino ratio1.75003

Upside Potential Ratio9.32131

Upside part of mean2.40683

Downside part of mean1.95496

Upside SD0.33014

Downside SD0.25821

N nonnegative terms169.00000

N negative terms143.00000
 Statistics related to linear regression on benchmark

N of observations312.00000

Mean of predictor0.27880

Mean of criterion0.45187

SD of predictor0.14474

SD of criterion0.41887

Covariance0.01881

r0.31032

b (slope, estimate of beta)0.89805

a (intercept, estimate of alpha)0.20100

Mean Square Error0.15906

DF error310.00000

t(b)5.74750

p(b)0.00000

t(a)0.54745

p(a)0.29223

Lowerbound of 95% confidence interval for beta0.59060

Upperbound of 95% confidence interval for beta1.20549

Lowerbound of 95% confidence interval for alpha0.52272

Upperbound of 95% confidence interval for alpha0.92572

Treynor index (mean / b)0.50317

Jensen alpha (a)0.20150
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.36583

SD0.41279

Sharpe ratio (Glass type estimate)0.88625

Sharpe ratio (Hedges UMVUE)0.88411

df311.00000

t0.96712

p0.16712

Lowerbound of 95% confidence interval for Sharpe Ratio0.91187

Upperbound of 95% confidence interval for Sharpe Ratio2.68295

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.91330

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation2.68151
 Statistics related to Sortino ratio

Sortino ratio1.38312

Upside Potential Ratio8.90371

Upside part of mean2.35500

Downside part of mean1.98917

Upside SD0.31686

Downside SD0.26450

N nonnegative terms169.00000

N negative terms143.00000
 Statistics related to linear regression on benchmark

N of observations312.00000

Mean of predictor0.26816

Mean of criterion0.36583

SD of predictor0.14500

SD of criterion0.41279

Covariance0.01870

r0.31248

b (slope, estimate of beta)0.88958

a (intercept, estimate of alpha)0.12728

Mean Square Error0.15425

DF error310.00000

t(b)5.79177

p(b)0.00000

t(a)0.35135

p(a)0.36278

Lowerbound of 95% confidence interval for beta0.58736

Upperbound of 95% confidence interval for beta1.19180

Lowerbound of 95% confidence interval for alpha0.58551

Upperbound of 95% confidence interval for alpha0.84006

Treynor index (mean / b)0.41124

Jensen alpha (a)0.12728
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.03974

Expected Shortfall on VaR0.04988
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.01619

Expected Shortfall on VaR0.03275
 ORDER STATISTICS
 Quartiles of return rates

Number of observations312.00000

Minimum0.91956

Quartile 10.99040

Median1.00110

Quartile 31.01286

Maximum1.16458

Mean of quarter 10.97328

Mean of quarter 20.99716

Mean of quarter 31.00594

Mean of quarter 41.03094

Inter Quartile Range0.02245

Number outliers low13.00000

Percentage of outliers low0.04167

Mean of outliers low0.94282

Number of outliers high9.00000

Percentage of outliers high0.02885

Mean of outliers high1.08976
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.21308

VaR(95%) (moments method)0.02537

Expected Shortfall (moments method)0.04016

Extreme Value Index (regression method)0.04748

VaR(95%) (regression method)0.02606

Expected Shortfall (regression method)0.03722
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations16.00000

Minimum0.00015

Quartile 10.01040

Median0.04589

Quartile 30.06684

Maximum0.43234

Mean of quarter 10.00363

Mean of quarter 20.03164

Mean of quarter 30.05808

Mean of quarter 40.19426

Inter Quartile Range0.05645

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.06250

Mean of outliers high0.43234
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)0.34125

VaR(95%) (moments method)0.17484

Expected Shortfall (moments method)0.22189

Extreme Value Index (regression method)0.69919

VaR(95%) (regression method)0.27570

Expected Shortfall (regression method)1.00053
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.50233

Compounded annual return (geometric extrapolation)0.48251

Calmar ratio (compounded annual return / max draw down)1.11603

Compounded annual return / average of 25% largest draw downs2.48378

Compounded annual return / Expected Shortfall lognormal9.67429

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

Mean0.74845

SD0.23001

Sharpe ratio (Glass type estimate)3.25398

Sharpe ratio (Hedges UMVUE)3.23517

df130.00000

t2.30091

p0.59891

Lowerbound of 95% confidence interval for Sharpe Ratio6.04777

Upperbound of 95% confidence interval for Sharpe Ratio0.44812

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation6.03473

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation0.43561
 Statistics related to Sortino ratio

Sortino ratio3.69090

Upside Potential Ratio3.81310

Upside part of mean0.77323

Downside part of mean1.52169

Upside SD0.11627

Downside SD0.20278

N nonnegative terms58.00000

N negative terms73.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.19911

Mean of criterion0.74845

SD of predictor0.10788

SD of criterion0.23001

Covariance0.00666

r0.26822

b (slope, estimate of beta)0.57187

a (intercept, estimate of alpha)0.86232

Mean Square Error0.04948

DF error129.00000

t(b)3.16230

p(b)0.33131

t(a)2.72341

p(a)0.64709

Lowerbound of 95% confidence interval for beta0.21407

Upperbound of 95% confidence interval for beta0.92967

Lowerbound of 95% confidence interval for alpha1.48879

Upperbound of 95% confidence interval for alpha0.23585

Treynor index (mean / b)1.30878

Jensen alpha (a)0.86232
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.77616

SD0.23278

Sharpe ratio (Glass type estimate)3.33439

Sharpe ratio (Hedges UMVUE)3.31511

df130.00000

t2.35777

p0.60125

Lowerbound of 95% confidence interval for Sharpe Ratio6.12945

Upperbound of 95% confidence interval for Sharpe Ratio0.52688

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation6.11606

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation0.51417
 Statistics related to Sortino ratio

Sortino ratio3.74756

Upside Potential Ratio3.70094

Upside part of mean0.76651

Downside part of mean1.54267

Upside SD0.11478

Downside SD0.20711

N nonnegative terms58.00000

N negative terms73.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.19324

Mean of criterion0.77616

SD of predictor0.10786

SD of criterion0.23278

Covariance0.00665

r0.26497

b (slope, estimate of beta)0.57182

a (intercept, estimate of alpha)0.88666

Mean Square Error0.05077

DF error129.00000

t(b)3.12106

p(b)0.33331

t(a)2.76550

p(a)0.64919

VAR (95 Confidence Intrvl)0.04000

Lowerbound of 95% confidence interval for beta0.20933

Upperbound of 95% confidence interval for beta0.93431

Lowerbound of 95% confidence interval for alpha1.52101

Upperbound of 95% confidence interval for alpha0.25232

Treynor index (mean / b)1.35736

Jensen alpha (a)0.88666
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.02627

Expected Shortfall on VaR0.03209
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.01426

Expected Shortfall on VaR0.02820
 ORDER STATISTICS
 Quartiles of return rates

Number of observations131.00000

Minimum0.93037

Quartile 10.99262

Median0.99973

Quartile 31.00263

Maximum1.03674

Mean of quarter 10.97976

Mean of quarter 20.99744

Mean of quarter 31.00094

Mean of quarter 41.01098

Inter Quartile Range0.01002

Number outliers low7.00000

Percentage of outliers low0.05344

Mean of outliers low0.95597

Number of outliers high6.00000

Percentage of outliers high0.04580

Mean of outliers high1.02873
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.29364

VaR(95%) (moments method)0.02049

Expected Shortfall (moments method)0.03444

Extreme Value Index (regression method)0.11861

VaR(95%) (regression method)0.02063

Expected Shortfall (regression method)0.03041
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations1.00000

Minimum0.31211

Quartile 10.31211

Median0.31211

Quartile 30.31211

Maximum0.31211

Mean of quarter 10.00000

Mean of quarter 20.00000

Mean of quarter 30.00000

Mean of quarter 40.00000

Inter Quartile Range0.00000

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?349657000

Max Equity Drawdown (num days)220
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.62422

Compounded annual return (geometric extrapolation)0.52681

Calmar ratio (compounded annual return / max draw down)1.68789

Compounded annual return / average of 25% largest draw downs0.00000

Compounded annual return / Expected Shortfall lognormal16.41870
Strategy Description
The problem with a Buy and Hold strategy is that you tie up too much capital waiting for sideway stocks or losers to turn around  if at all. Instead, this Algo was developed to trade in and out of them. A watch list of 200+ symbols provides the Algo with many trading opportunities. The watch list is based on fundamental analysis  stocks with good growth prospects or good story.
This Algo manages capital allocation and sorts through which stocks to trade based on many parameters. Losses are limited with adaptive stop losses or explicit exits based on price action, various technical indicators and internal trade scoring. We run this exact Algo on a $2 million portfolio.
It is best to AutoTrade this strategy. It enters new trades near the end of the day, but exits can happen anytime during market
Update June 2021: After the painful and expensive experience of the FebMar 2021 equity drawdown, we've implemented an Equity Curve Trading mechanism that puts the system into a simulated trading mode until the equity curve recovers. Meaning, new trades are held internally in a simulated trading fashion until they produce a reliably positive trending equity curve, at which time real trading is resumed. This should produce a less volatile and more profitable equity curve. So far, it seems to be working.
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.
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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.