Premium wheel
(130296923)
Subscription terms. Subscriptions to this system cost $80.00 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.
Covered Calls
Strategy buys a stock, and sells call options for the same amount (or less) of stock, and then waits for the options contract to be exercised or to expire.Premium Collecting
A trading strategy that, while typically profitable on a tradebytrade basis, has some possibility of infrequent, but extremely large, losses.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  +7.3%  +58.5%  (9.9%)  +9.9%  +41.9%  +6.9%  +155.7%  
2021  +22.4%  (17.1%)  +10.2%  (20.3%)  +17.6%  +13.1%  (14.8%)  +16.7%  +3.3%  +21.6% 
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  $18,132  
Cash  $126,451  
Equity  ($3,798)  
Cumulative $  $113,481  
Includes dividends and cashsettled expirations:  $497  Itemized 
Total System Equity  $163,481  
Margined  $104,520  
Open P/L  ($188) 
Trading Record
Statistics

Strategy began7/27/2020

Suggested Minimum Cap$35,000

Strategy Age (days)418.17

Age14 months ago

What it tradesOptions

# Trades125

# Profitable96

% Profitable76.80%

Avg trade duration21.4 days

Max peaktovalley drawdown43.7%

drawdown periodFeb 11, 2021  May 13, 2021

Annual Return (Compounded)169.4%

Avg win$3,184

Avg loss$6,645
 Model Account Values (Raw)

Cash$126,451

Margin Used$104,520

Buying Power$18,132
 Ratios

W:L ratio1.59:1

Sharpe Ratio1.41

Sortino Ratio2.06

Calmar Ratio4.681
 CORRELATION STATISTICS

Return of Strat Pcnt  Return of SP500 Pcnt (cumu)177.30%

Correlation to SP5000.24820

Return Percent SP500 (cumu) during strategy life36.85%
 Return Statistics

Ann Return (w trading costs)169.4%
 Slump

Current Slump as Pcnt Equity21.40%
 Instruments

Percent Trades Futuresn/a
 Slump

Current Slump, time of slump as pcnt of strategy life0.52%
 Instruments

Short Options  Percent Covered23.81%
 Return Statistics

Return Pcnt (Compound or Annual, agebased, NFA compliant)1.694%
 Instruments

Percent Trades Options0.84%

Percent Trades Stocks0.16%

Percent Trades Forexn/a
 Return Statistics

Ann Return (Compnd, No Fees)178.2%
 Risk of Ruin (MonteCarlo)

Chance of 10% account loss67.50%

Chance of 20% account loss37.00%

Chance of 30% account loss22.00%

Chance of 40% account loss7.50%

Chance of 60% account loss (Monte Carlo)1.00%

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 loss3.00%
 Popularity

Popularity (Today)0

Popularity (Last 6 weeks)851
 Trading Style

Any stock shorts? 0/11
 Popularity

C2 Score140

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$6,645

Avg Win$3,184

Sum Trade PL (losers)$192,713.000
 AUM

AUM (AutoTrader num accounts)1
 Age

Num Months filled monthly returns table15
 Win / Loss

Sum Trade PL (winners)$305,696.000

# Winners96

Num Months Winners11
 Dividends

Dividends Received in Model Acct498
 AUM

AUM (AutoTrader live capital)475987
 Win / Loss

# Losers29

% Winners76.8%
 Frequency

Avg Position Time (mins)30776.20

Avg Position Time (hrs)512.94

Avg Trade Length21.4 days

Last Trade Ago2
 Leverage

Daily leverage (average)2.07

Daily leverage (max)3.30
 Regression

Alpha0.25

Beta1.24

Treynor Index0.27
 Maximum Adverse Excursion (MAE)

MAE:Equity, average, all trades0.04

MAE:PL  worst single value for strategy

MAE:PL (avg, winning trades)

MAE:PL (avg, losing trades)

MAE:PL (avg, all trades)0.89

MAE:Equity, average, winning trades0.02

MAE:Equity, average, losing trades0.08

Avg(MAE) / Avg(PL)  All trades5.046

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 strat0.05

Avg(MAE) / Avg(PL)  Winning trades0.778

Avg(MAE) / Avg(PL)  Losing trades1.344

HoldandHope Ratio0.218
 Analysis based on MONTHLY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean1.37259

SD0.91707

Sharpe ratio (Glass type estimate)1.49671

Sharpe ratio (Hedges UMVUE)1.40083

df12.00000

t1.55782

p0.29493

Lowerbound of 95% confidence interval for Sharpe Ratio0.50535

Upperbound of 95% confidence interval for Sharpe Ratio3.44273

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.56387

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.36553
 Statistics related to Sortino ratio

Sortino ratio5.75668

Upside Potential Ratio7.93419

Upside part of mean1.89178

Downside part of mean0.51919

Upside SD0.93620

Downside SD0.23843

N nonnegative terms7.00000

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

N of observations13.00000

Mean of predictor0.27384

Mean of criterion1.37259

SD of predictor0.12001

SD of criterion0.91707

Covariance0.04728

r0.42962

b (slope, estimate of beta)3.28312

a (intercept, estimate of alpha)0.47355

Mean Square Error0.74813

DF error11.00000

t(b)1.57794

p(b)0.07144

t(a)0.46998

p(a)0.32377

Lowerbound of 95% confidence interval for beta1.29634

Upperbound of 95% confidence interval for beta7.86257

Lowerbound of 95% confidence interval for alpha1.74412

Upperbound of 95% confidence interval for alpha2.69121

Treynor index (mean / b)0.41807

Jensen alpha (a)0.47355
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean1.01369

SD0.76535

Sharpe ratio (Glass type estimate)1.32448

Sharpe ratio (Hedges UMVUE)1.23964

df12.00000

t1.37856

p0.31512

Lowerbound of 95% confidence interval for Sharpe Ratio0.65545

Upperbound of 95% confidence interval for Sharpe Ratio3.25386

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.70765

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.18692
 Statistics related to Sortino ratio

Sortino ratio3.99490

Upside Potential Ratio6.15777

Upside part of mean1.56251

Downside part of mean0.54882

Upside SD0.74963

Downside SD0.25375

N nonnegative terms7.00000

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

N of observations13.00000

Mean of predictor0.26374

Mean of criterion1.01369

SD of predictor0.11812

SD of criterion0.76535

Covariance0.03460

r0.38270

b (slope, estimate of beta)2.47969

a (intercept, estimate of alpha)0.35970

Mean Square Error0.54542

DF error11.00000

t(b)1.37386

p(b)0.09842

t(a)0.42098

p(a)0.34094

Lowerbound of 95% confidence interval for beta1.49289

Upperbound of 95% confidence interval for beta6.45227

Lowerbound of 95% confidence interval for alpha1.52091

Upperbound of 95% confidence interval for alpha2.24031

Treynor index (mean / b)0.40880

Jensen alpha (a)0.35970
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.24341

Expected Shortfall on VaR0.30789
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.09698

Expected Shortfall on VaR0.16058
 ORDER STATISTICS
 Quartiles of return rates

Number of observations13.00000

Minimum0.85276

Quartile 10.92376

Median1.01269

Quartile 31.25558

Maximum1.66318

Mean of quarter 10.88682

Mean of quarter 20.97230

Mean of quarter 31.16922

Mean of quarter 41.51513

Inter Quartile Range0.33182

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)2.94491

VaR(95%) (moments method)0.12511

Expected Shortfall (moments method)0.12552

Extreme Value Index (regression method)1.36876

VaR(95%) (regression method)0.15626

Expected Shortfall (regression method)0.16094
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations3.00000

Minimum0.04144

Quartile 10.08644

Median0.13145

Quartile 30.21036

Maximum0.28928

Mean of quarter 10.04144

Mean of quarter 20.13145

Mean of quarter 30.00000

Mean of quarter 40.28928

Inter Quartile Range0.12392

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)1.92988

Compounded annual return (geometric extrapolation)1.83374

Calmar ratio (compounded annual return / max draw down)6.33896

Compounded annual return / average of 25% largest draw downs6.33896

Compounded annual return / Expected Shortfall lognormal5.95575

0.00000

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

Mean1.30304

SD0.72917

Sharpe ratio (Glass type estimate)1.78701

Sharpe ratio (Hedges UMVUE)1.78232

df286.00000

t1.87033

p0.03123

Lowerbound of 95% confidence interval for Sharpe Ratio0.09291

Upperbound of 95% confidence interval for Sharpe Ratio3.66384

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.09602

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.66066
 Statistics related to Sortino ratio

Sortino ratio2.70437

Upside Potential Ratio9.89142

Upside part of mean4.76598

Downside part of mean3.46293

Upside SD0.55151

Downside SD0.48183

N nonnegative terms164.00000

N negative terms123.00000
 Statistics related to linear regression on benchmark

N of observations287.00000

Mean of predictor0.26970

Mean of criterion1.30304

SD of predictor0.14904

SD of criterion0.72917

Covariance0.02937

r0.27022

b (slope, estimate of beta)1.32204

a (intercept, estimate of alpha)0.94600

Mean Square Error0.49460

DF error285.00000

t(b)4.73818

p(b)0.00000

t(a)1.39982

p(a)0.08133

Lowerbound of 95% confidence interval for beta0.77284

Upperbound of 95% confidence interval for beta1.87124

Lowerbound of 95% confidence interval for alpha0.38439

Upperbound of 95% confidence interval for alpha2.27737

Treynor index (mean / b)0.98563

Jensen alpha (a)0.94649
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean1.03737

SD0.72660

Sharpe ratio (Glass type estimate)1.42771

Sharpe ratio (Hedges UMVUE)1.42396

df286.00000

t1.49427

p0.06810

Lowerbound of 95% confidence interval for Sharpe Ratio0.44981

Upperbound of 95% confidence interval for Sharpe Ratio3.30280

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.45233

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.30025
 Statistics related to Sortino ratio

Sortino ratio2.03582

Upside Potential Ratio9.07640

Upside part of mean4.62495

Downside part of mean3.58758

Upside SD0.52016

Downside SD0.50956

N nonnegative terms164.00000

N negative terms123.00000
 Statistics related to linear regression on benchmark

N of observations287.00000

Mean of predictor0.25845

Mean of criterion1.03737

SD of predictor0.14926

SD of criterion0.72660

Covariance0.02838

r0.26171

b (slope, estimate of beta)1.27403

a (intercept, estimate of alpha)0.70809

Mean Square Error0.49351

DF error285.00000

t(b)4.57771

p(b)0.00000

t(a)1.04894

p(a)0.14755

Lowerbound of 95% confidence interval for beta0.72622

Upperbound of 95% confidence interval for beta1.82184

Lowerbound of 95% confidence interval for alpha0.62063

Upperbound of 95% confidence interval for alpha2.03681

Treynor index (mean / b)0.81424

Jensen alpha (a)0.70809
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.06749

Expected Shortfall on VaR0.08469
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.02725

Expected Shortfall on VaR0.05698
 ORDER STATISTICS
 Quartiles of return rates

Number of observations287.00000

Minimum0.81930

Quartile 10.98459

Median1.00638

Quartile 31.02871

Maximum1.29922

Mean of quarter 10.95313

Mean of quarter 20.99534

Mean of quarter 31.01757

Mean of quarter 41.05445

Inter Quartile Range0.04412

Number outliers low10.00000

Percentage of outliers low0.03484

Mean of outliers low0.87823

Number of outliers high2.00000

Percentage of outliers high0.00697

Mean of outliers high1.23568
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.29428

VaR(95%) (moments method)0.04415

Expected Shortfall (moments method)0.07605

Extreme Value Index (regression method)0.07799

VaR(95%) (regression method)0.04622

Expected Shortfall (regression method)0.06830
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations15.00000

Minimum0.00117

Quartile 10.01589

Median0.02733

Quartile 30.04659

Maximum0.40625

Mean of quarter 10.00782

Mean of quarter 20.02181

Mean of quarter 30.03549

Mean of quarter 40.25942

Inter Quartile Range0.03070

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high3.00000

Percentage of outliers high0.20000

Mean of outliers high0.32901
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)58.96330

VaR(95%) (moments method)0.14629

Expected Shortfall (moments method)0.00000

Extreme Value Index (regression method)1.51851

VaR(95%) (regression method)0.38704

Expected Shortfall (regression method)0.40632
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)2.01940

Compounded annual return (geometric extrapolation)1.90163

Calmar ratio (compounded annual return / max draw down)4.68093

Compounded annual return / average of 25% largest draw downs7.33034

Compounded annual return / Expected Shortfall lognormal22.45310

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

Mean0.62828

SD0.69667

Sharpe ratio (Glass type estimate)0.90182

Sharpe ratio (Hedges UMVUE)0.89661

df130.00000

t0.63769

p0.47208

Lowerbound of 95% confidence interval for Sharpe Ratio1.87384

Upperbound of 95% confidence interval for Sharpe Ratio3.67411

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.87734

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.67056
 Statistics related to Sortino ratio

Sortino ratio1.51860

Upside Potential Ratio9.40520

Upside part of mean3.89111

Downside part of mean3.26284

Upside SD0.55856

Downside SD0.41372

N nonnegative terms68.00000

N negative terms63.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.26508

Mean of criterion0.62828

SD of predictor0.11581

SD of criterion0.69667

Covariance0.02704

r0.33511

b (slope, estimate of beta)2.01599

a (intercept, estimate of alpha)0.09388

Mean Square Error0.43419

DF error129.00000

t(b)4.03969

p(b)0.29073

t(a)0.09975

p(a)0.49441

Lowerbound of 95% confidence interval for beta1.02861

Upperbound of 95% confidence interval for beta3.00336

Lowerbound of 95% confidence interval for alpha1.76833

Upperbound of 95% confidence interval for alpha1.95609

Treynor index (mean / b)0.31165

Jensen alpha (a)0.09388
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.39866

SD0.67240

Sharpe ratio (Glass type estimate)0.59290

Sharpe ratio (Hedges UMVUE)0.58947

df130.00000

t0.41924

p0.48163

Lowerbound of 95% confidence interval for Sharpe Ratio2.18093

Upperbound of 95% confidence interval for Sharpe Ratio3.36455

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation2.18326

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.36220
 Statistics related to Sortino ratio

Sortino ratio0.92449

Upside Potential Ratio8.69981

Upside part of mean3.75157

Downside part of mean3.35291

Upside SD0.51315

Downside SD0.43122

N nonnegative terms68.00000

N negative terms63.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.25829

Mean of criterion0.39866

SD of predictor0.11555

SD of criterion0.67240

Covariance0.02490

r0.32042

b (slope, estimate of beta)1.86453

a (intercept, estimate of alpha)0.08292

Mean Square Error0.40885

DF error129.00000

t(b)3.84178

p(b)0.29956

t(a)0.09083

p(a)0.50509

VAR (95 Confidence Intrvl)0.06700

Lowerbound of 95% confidence interval for beta0.90429

Upperbound of 95% confidence interval for beta2.82476

Lowerbound of 95% confidence interval for alpha1.88914

Upperbound of 95% confidence interval for alpha1.72330

Treynor index (mean / b)0.21382

Jensen alpha (a)0.08292
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.06462

Expected Shortfall on VaR0.08061
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.02799

Expected Shortfall on VaR0.05514
 ORDER STATISTICS
 Quartiles of return rates

Number of observations131.00000

Minimum0.86165

Quartile 10.98361

Median1.00130

Quartile 31.02124

Maximum1.29922

Mean of quarter 10.95776

Mean of quarter 20.99309

Mean of quarter 31.01152

Mean of quarter 41.04792

Inter Quartile Range0.03763

Number outliers low4.00000

Percentage of outliers low0.03053

Mean of outliers low0.89904

Number of outliers high2.00000

Percentage of outliers high0.01527

Mean of outliers high1.19086
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.10425

VaR(95%) (moments method)0.03955

Expected Shortfall (moments method)0.05712

Extreme Value Index (regression method)0.12673

VaR(95%) (regression method)0.04403

Expected Shortfall (regression method)0.06564
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations1.00000

Minimum0.33096

Quartile 10.33096

Median0.33096

Quartile 30.33096

Maximum0.33096

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 Negative0.25%

Expected Shortfall (regression method)0.00000

Strat Max DD how much worse than SP500 max DD during strat life?322190000

Max Equity Drawdown (num days)91
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.47547

Compounded annual return (geometric extrapolation)0.53199

Calmar ratio (compounded annual return / max draw down)1.60745

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

Compounded annual return / Expected Shortfall lognormal6.59942
Strategy Description
1. Sell puts
2a. If puts expire worthless (max gain for us!) then move on to the final step.
2b. If cash covered puts are assigned, evaluate whether the position should be used as collateral for cash covered calls, or held by themselves.
3a. Repeatedly sell cash covered calls against the stock lowering average price until you are assigned.
3b. Hold and evaluate as you would any long stock position. I prefer Value methods for the most part.
4. Close position and evaluate future trade.
No stop limits are used in this strategy as stop limits on options are very unreliable and are very easily "sniped" by those looking to take advantage of other traders. I monitor all positions all market hours, and decide on a position by position basis if it is worth holding or closing a position.
Joining trades in progress is recommended to new subscribers, as covered calls are often sold against long stock positions.
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 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.