Ultra Pro Futures
(131026696)
Subscription terms. Subscriptions to this system cost $59.00 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.
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  +4.7%  (8.8%)  +19.2%    +13.8%  
2021  +12.2%  +6.5%  (0.4%)  +5.1%  +0.5%  (3.4%)  (2.4%)  (22.3%)  +77.4%  +63.4% 
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  $156,686  
Cash  $1  
Equity  $1  
Cumulative $  $88,436  
Includes dividends and cashsettled expirations:  $1,422  Itemized 
Total System Equity  $188,436  
Margined  $1  
Open P/L  ($278)  
Data has been delayed by 72 hours for nonsubscribers 
System developer has asked us to delay this information by 72 hours.
Trading Record
Statistics

Strategy began9/6/2020

Suggested Minimum Cap$180,000

Strategy Age (days)376.81

Age13 months ago

What it tradesFutures

# Trades134

# Profitable97

% Profitable72.40%

Avg trade duration29.7 days

Max peaktovalley drawdown51.35%

drawdown periodAug 19, 2021  Sept 06, 2021

Annual Return (Compounded)81.7%

Avg win$1,289

Avg loss$1,520
 Model Account Values (Raw)

Cash$168,581

Margin Used$13,514

Buying Power$156,686
 Ratios

W:L ratio2.27:1

Sharpe Ratio1.12

Sortino Ratio1.92

Calmar Ratio1.685
 CORRELATION STATISTICS

Return of Strat Pcnt  Return of SP500 Pcnt (cumu)56.70%

Correlation to SP5000.23150

Return Percent SP500 (cumu) during strategy life29.36%
 Return Statistics

Ann Return (w trading costs)81.7%
 Slump

Current Slump as Pcnt Equity0.10%
 Instruments

Percent Trades Futures0.85%
 Slump

Current Slump, time of slump as pcnt of strategy life0.00%
 Instruments

Short Options  Percent Covered100.00%
 Return Statistics

Return Pcnt (Compound or Annual, agebased, NFA compliant)0.817%
 Instruments

Percent Trades Optionsn/a

Percent Trades Stocks0.15%

Percent Trades Forexn/a
 Return Statistics

Ann Return (Compnd, No Fees)84.4%
 Risk of Ruin (MonteCarlo)

Chance of 10% account loss74.00%

Chance of 20% account loss44.00%

Chance of 30% account loss26.00%

Chance of 40% account loss15.00%

Chance of 60% account loss (Monte Carlo)1.50%

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)518
 Trading Style

Any stock shorts? 0/10
 Popularity

C2 Score779

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$1,527

Avg Win$1,480

Sum Trade PL (losers)$56,509.000
 Age

Num Months filled monthly returns table13
 Win / Loss

Sum Trade PL (winners)$143,525.000

# Winners97

Num Months Winners8
 Dividends

Dividends Received in Model Acct1423
 Win / Loss

# Losers37

% Winners72.4%
 Frequency

Avg Position Time (mins)42745.30

Avg Position Time (hrs)712.42

Avg Trade Length29.7 days

Last Trade Ago1
 Leverage

Daily leverage (average)4.66

Daily leverage (max)55.45
 Regression

Alpha0.14

Beta0.88

Treynor Index0.23
 Maximum Adverse Excursion (MAE)

MAE:Equity, average, all trades0.02

MAE:PL  worst single value for strategy

MAE:PL (avg, winning trades)

MAE:PL (avg, losing trades)

MAE:PL (avg, all trades)0.27

MAE:Equity, average, winning trades0.02

MAE:Equity, average, losing trades0.02

Avg(MAE) / Avg(PL)  All trades4.626

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 trades1.200

Avg(MAE) / Avg(PL)  Losing trades1.562

HoldandHope Ratio0.323
 Analysis based on MONTHLY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean0.56965

SD0.36854

Sharpe ratio (Glass type estimate)1.54570

Sharpe ratio (Hedges UMVUE)1.43744

df11.00000

t1.54570

p0.07522

Lowerbound of 95% confidence interval for Sharpe Ratio0.54689

Upperbound of 95% confidence interval for Sharpe Ratio3.57566

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.61250

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.48738
 Statistics related to Sortino ratio

Sortino ratio4.77534

Upside Potential Ratio6.49231

Upside part of mean0.77446

Downside part of mean0.20482

Upside SD0.37056

Downside SD0.11929

N nonnegative terms8.00000

N negative terms4.00000
 Statistics related to linear regression on benchmark

N of observations12.00000

Mean of predictor0.24252

Mean of criterion0.56965

SD of predictor0.06797

SD of criterion0.36854

Covariance0.00042

r0.01690

b (slope, estimate of beta)0.09165

a (intercept, estimate of alpha)0.54742

Mean Square Error0.14936

DF error10.00000

t(b)0.05346

p(b)0.47921

t(a)0.96437

p(a)0.17880

Lowerbound of 95% confidence interval for beta3.72819

Upperbound of 95% confidence interval for beta3.91150

Lowerbound of 95% confidence interval for alpha0.71737

Upperbound of 95% confidence interval for alpha1.81221

Treynor index (mean / b)6.21540

Jensen alpha (a)0.54742
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.50082

SD0.34169

Sharpe ratio (Glass type estimate)1.46573

Sharpe ratio (Hedges UMVUE)1.36307

df11.00000

t1.46573

p0.08536

Lowerbound of 95% confidence interval for Sharpe Ratio0.61554

Upperbound of 95% confidence interval for Sharpe Ratio3.48704

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.67798

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.40412
 Statistics related to Sortino ratio

Sortino ratio4.05731

Upside Potential Ratio5.77297

Upside part of mean0.71259

Downside part of mean0.21177

Upside SD0.33569

Downside SD0.12344

N nonnegative terms8.00000

N negative terms4.00000
 Statistics related to linear regression on benchmark

N of observations12.00000

Mean of predictor0.23752

Mean of criterion0.50082

SD of predictor0.06645

SD of criterion0.34169

Covariance0.00102

r0.04475

b (slope, estimate of beta)0.23012

a (intercept, estimate of alpha)0.44616

Mean Square Error0.12817

DF error10.00000

t(b)0.14166

p(b)0.44508

t(a)0.84764

p(a)0.20823

Lowerbound of 95% confidence interval for beta3.38947

Upperbound of 95% confidence interval for beta3.84971

Lowerbound of 95% confidence interval for alpha0.72664

Upperbound of 95% confidence interval for alpha1.61896

Treynor index (mean / b)2.17636

Jensen alpha (a)0.44616
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.11353

Expected Shortfall on VaR0.14876
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.03006

Expected Shortfall on VaR0.06242
 ORDER STATISTICS
 Quartiles of return rates

Number of observations12.00000

Minimum0.92113

Quartile 10.98749

Median1.02517

Quartile 31.08831

Maximum1.26459

Mean of quarter 10.93411

Mean of quarter 21.00517

Mean of quarter 31.05805

Mean of quarter 41.20187

Inter Quartile Range0.10082

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.08333

Mean of outliers high1.26459
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.94245

VaR(95%) (moments method)0.07352

Expected Shortfall (moments method)0.07743

Extreme Value Index (regression method)0.52817

VaR(95%) (regression method)0.07838

Expected Shortfall (regression method)0.12254
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations1.00000

Minimum0.13437

Quartile 10.13437

Median0.13437

Quartile 30.13437

Maximum0.13437

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

Expected Shortfall (regression method)0.00000
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.69677

Compounded annual return (geometric extrapolation)0.69677

Calmar ratio (compounded annual return / max draw down)5.18565

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

Compounded annual return / Expected Shortfall lognormal4.68379

0.00000

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

Mean0.72461

SD0.58450

Sharpe ratio (Glass type estimate)1.23970

Sharpe ratio (Hedges UMVUE)1.23619

df265.00000

t1.24913

p0.10636

Lowerbound of 95% confidence interval for Sharpe Ratio0.70946

Upperbound of 95% confidence interval for Sharpe Ratio3.18660

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.71183

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.18421
 Statistics related to Sortino ratio

Sortino ratio2.28552

Upside Potential Ratio9.53403

Upside part of mean3.02271

Downside part of mean2.29810

Upside SD0.49178

Downside SD0.31704

N nonnegative terms148.00000

N negative terms118.00000
 Statistics related to linear regression on benchmark

N of observations266.00000

Mean of predictor0.23597

Mean of criterion0.72461

SD of predictor0.14314

SD of criterion0.58450

Covariance0.01710

r0.20442

b (slope, estimate of beta)0.83473

a (intercept, estimate of alpha)0.52800

Mean Square Error0.32861

DF error264.00000

t(b)3.39311

p(b)0.00040

t(a)0.92265

p(a)0.17852

Lowerbound of 95% confidence interval for beta0.35034

Upperbound of 95% confidence interval for beta1.31912

Lowerbound of 95% confidence interval for alpha0.59837

Upperbound of 95% confidence interval for alpha1.65364

Treynor index (mean / b)0.86807

Jensen alpha (a)0.52763
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.56413

SD0.55820

Sharpe ratio (Glass type estimate)1.01062

Sharpe ratio (Hedges UMVUE)1.00776

df265.00000

t1.01831

p0.15473

Lowerbound of 95% confidence interval for Sharpe Ratio0.93740

Upperbound of 95% confidence interval for Sharpe Ratio2.95674

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.93930

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation2.95482
 Statistics related to Sortino ratio

Sortino ratio1.71559

Upside Potential Ratio8.86404

Upside part of mean2.91474

Downside part of mean2.35060

Upside SD0.45112

Downside SD0.32883

N nonnegative terms148.00000

N negative terms118.00000
 Statistics related to linear regression on benchmark

N of observations266.00000

Mean of predictor0.22562

Mean of criterion0.56413

SD of predictor0.14335

SD of criterion0.55820

Covariance0.01724

r0.21550

b (slope, estimate of beta)0.83913

a (intercept, estimate of alpha)0.37481

Mean Square Error0.29825

DF error264.00000

t(b)3.58564

p(b)0.00020

t(a)0.68827

p(a)0.24594

Lowerbound of 95% confidence interval for beta0.37833

Upperbound of 95% confidence interval for beta1.29992

Lowerbound of 95% confidence interval for alpha0.69744

Upperbound of 95% confidence interval for alpha1.44705

Treynor index (mean / b)0.67229

Jensen alpha (a)0.37481
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.05311

Expected Shortfall on VaR0.06658
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.01853

Expected Shortfall on VaR0.03840
 ORDER STATISTICS
 Quartiles of return rates

Number of observations266.00000

Minimum0.87713

Quartile 10.99006

Median1.00275

Quartile 31.01255

Maximum1.31770

Mean of quarter 10.96870

Mean of quarter 20.99698

Mean of quarter 31.00739

Mean of quarter 41.03841

Inter Quartile Range0.02249

Number outliers low13.00000

Percentage of outliers low0.04887

Mean of outliers low0.93253

Number of outliers high15.00000

Percentage of outliers high0.05639

Mean of outliers high1.09495
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.03279

VaR(95%) (moments method)0.02592

Expected Shortfall (moments method)0.03648

Extreme Value Index (regression method)0.10759

VaR(95%) (regression method)0.02833

Expected Shortfall (regression method)0.04222
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations13.00000

Minimum0.00054

Quartile 10.00435

Median0.04225

Quartile 30.07960

Maximum0.47945

Mean of quarter 10.00267

Mean of quarter 20.02250

Mean of quarter 30.06462

Mean of quarter 40.27416

Inter Quartile Range0.07524

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.07692

Mean of outliers high0.47945
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)0.88152

VaR(95%) (moments method)0.21873

Expected Shortfall (moments method)0.24159

Extreme Value Index (regression method)0.43344

VaR(95%) (regression method)0.39184

Expected Shortfall (regression method)0.84238
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.81170

Compounded annual return (geometric extrapolation)0.80767

Calmar ratio (compounded annual return / max draw down)1.68459

Compounded annual return / average of 25% largest draw downs2.94599

Compounded annual return / Expected Shortfall lognormal12.13090

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

Mean0.76236

SD0.76006

Sharpe ratio (Glass type estimate)1.00302

Sharpe ratio (Hedges UMVUE)0.99723

df130.00000

t0.70924

p0.46896

Lowerbound of 95% confidence interval for Sharpe Ratio1.77328

Upperbound of 95% confidence interval for Sharpe Ratio3.77570

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.77723

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.77168
 Statistics related to Sortino ratio

Sortino ratio1.96953

Upside Potential Ratio9.50424

Upside part of mean3.67886

Downside part of mean2.91650

Upside SD0.65243

Downside SD0.38708

N nonnegative terms65.00000

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

N of observations131.00000

Mean of predictor0.22602

Mean of criterion0.76236

SD of predictor0.10557

SD of criterion0.76006

Covariance0.00187

r0.02335

b (slope, estimate of beta)0.16809

a (intercept, estimate of alpha)0.80035

Mean Square Error0.58185

DF error129.00000

t(b)0.26524

p(b)0.51486

t(a)0.73547

p(a)0.45889

Lowerbound of 95% confidence interval for beta1.42193

Upperbound of 95% confidence interval for beta1.08575

Lowerbound of 95% confidence interval for alpha1.35271

Upperbound of 95% confidence interval for alpha2.95341

Treynor index (mean / b)4.53546

Jensen alpha (a)0.80035
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.49638

SD0.71846

Sharpe ratio (Glass type estimate)0.69089

Sharpe ratio (Hedges UMVUE)0.68689

df130.00000

t0.48853

p0.47860

Lowerbound of 95% confidence interval for Sharpe Ratio2.08340

Upperbound of 95% confidence interval for Sharpe Ratio3.46264

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation2.08617

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.45996
 Statistics related to Sortino ratio

Sortino ratio1.22958

Upside Potential Ratio8.64955

Upside part of mean3.49178

Downside part of mean2.99540

Upside SD0.59179

Downside SD0.40370

N nonnegative terms65.00000

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

N of observations131.00000

Mean of predictor0.22038

Mean of criterion0.49638

SD of predictor0.10552

SD of criterion0.71846

Covariance0.00166

r0.02193

b (slope, estimate of beta)0.14934

a (intercept, estimate of alpha)0.52929

Mean Square Error0.51994

DF error129.00000

t(b)0.24918

p(b)0.51396

t(a)0.51474

p(a)0.47119

VAR (95 Confidence Intrvl)0.05300

Lowerbound of 95% confidence interval for beta1.33510

Upperbound of 95% confidence interval for beta1.03642

Lowerbound of 95% confidence interval for alpha1.50516

Upperbound of 95% confidence interval for alpha2.56373

Treynor index (mean / b)3.32383

Jensen alpha (a)0.52929
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.06865

Expected Shortfall on VaR0.08564
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.02566

Expected Shortfall on VaR0.05133
 ORDER STATISTICS
 Quartiles of return rates

Number of observations131.00000

Minimum0.87713

Quartile 10.98429

Median0.99991

Quartile 31.01136

Maximum1.31770

Mean of quarter 10.96180

Mean of quarter 20.99423

Mean of quarter 31.00589

Mean of quarter 41.05023

Inter Quartile Range0.02707

Number outliers low5.00000

Percentage of outliers low0.03817

Mean of outliers low0.90563

Number of outliers high9.00000

Percentage of outliers high0.06870

Mean of outliers high1.12215
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.39737

VaR(95%) (moments method)0.04117

Expected Shortfall (moments method)0.07652

Extreme Value Index (regression method)0.30715

VaR(95%) (regression method)0.03958

Expected Shortfall (regression method)0.06628
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations8.00000

Minimum0.00056

Quartile 10.00807

Median0.06750

Quartile 30.12052

Maximum0.47945

Mean of quarter 10.00136

Mean of quarter 20.02544

Mean of quarter 30.10531

Mean of quarter 40.30609

Inter Quartile Range0.11245

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.12500

Mean of outliers high0.47945
 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?326120000

Max Equity Drawdown (num days)18
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.59942

Compounded annual return (geometric extrapolation)0.68925

Calmar ratio (compounded annual return / max draw down)1.43759

Compounded annual return / average of 25% largest draw downs2.25179

Compounded annual return / Expected Shortfall lognormal8.04847
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.
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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.