Tenet 2020
(131431914)
Subscription terms. Subscriptions to this system cost $595.00 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.Shortterm Reversal
Exploits the tendency of stocks with strong gains and stocks with strong losses to reverse in a shortterm time frame (up to one month).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 Cumulative Rate of Return is calculated
= (Ending_equity  Starting_equity) / Starting_equity
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  (0.4%)  (5.9%)  +12.6%  +9.4%  +15.4%  
2021  +16.1%  +8.8%  +7.1%  +0.5%  +0.2%  (1.9%)  (1.4%)  +7.4%  +4.1%  +47.3% 
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  $250,000  
Buy Power  $131,369  
Cash  $1  
Equity  $1  
Cumulative $  $185,384  
Includes dividends and cashsettled expirations:  $5,653  Itemized 
Total System Equity  $435,384  
Margined  $1  
Open P/L  ($901)  
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 began9/30/2020

Suggested Minimum Cap$100,000

Strategy Age (days)353.38

Age12 months ago

What it tradesStocks

# Trades1439

# Profitable895

% Profitable62.20%

Avg trade duration34.5 days

Max peaktovalley drawdown12.11%

drawdown periodMarch 17, 2021  July 03, 2021

Cumul. Return70.0%

Avg win$358.81

Avg loss$259.93
 Model Account Values (Raw)

Cash$588,756

Margin Used$456,350

Buying Power$131,369
 Ratios

W:L ratio2.35:1

Sharpe Ratio2.41

Sortino Ratio3.85

Calmar Ratio9.28
 CORRELATION STATISTICS

Return of Strat Pcnt  Return of SP500 Pcnt (cumu)38.18%

Correlation to SP5000.41860

Return Percent SP500 (cumu) during strategy life31.82%
 Return Statistics

Ann Return (w trading costs)72.1%
 Slump

Current Slump as Pcnt Equity0.10%
 Instruments

Percent Trades Futures0.01%
 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)0.700%
 Instruments

Percent Trades Optionsn/a

Percent Trades Stocks0.98%

Percent Trades Forex0.00%
 Return Statistics

Ann Return (Compnd, No Fees)77.1%
 Risk of Ruin (MonteCarlo)

Chance of 10% account loss11.50%

Chance of 20% account lossn/a

Chance of 30% account lossn/a

Chance of 40% account lossn/a

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)740

Popularity (Last 6 weeks)848
 Trading Style

Any stock shorts? 0/11
 Popularity

C2 Score951

Popularity (7 days, Percentile 1000 scale)799
 Management

No Subs Allowed Flag (1: no subs)0

Strat abandoned?0
 TradesOwnSystem Certification

Trades Own System?

TOS percentn/a
 Win / Loss

Avg Loss$260

Avg Win$359

Sum Trade PL (losers)$141,401.000
 Age

Num Months filled monthly returns table13
 Win / Loss

Sum Trade PL (winners)$321,133.000

# Winners895

Num Months Winners9
 Dividends

Dividends Received in Model Acct5653
 Win / Loss

# Losers544

% Winners62.2%
 Frequency

Avg Position Time (mins)100869.00

Avg Position Time (hrs)1681.15

Avg Trade Length70.0 days

Last Trade Ago1
 Leverage

Daily leverage (average)1.89

Daily leverage (max)5.39
 Regression

Alpha0.10

Beta0.59

Treynor Index0.26
 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)0.38

MAE:Equity, average, winning trades0.00

MAE:Equity, average, losing trades0.00

Avg(MAE) / Avg(PL)  All trades1.958

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 trades0.408

Avg(MAE) / Avg(PL)  Losing trades1.331

HoldandHope Ratio0.505
 Analysis based on MONTHLY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean0.58274

SD0.28235

Sharpe ratio (Glass type estimate)2.06390

Sharpe ratio (Hedges UMVUE)1.90445

df10.00000

t1.97603

p0.03819

Lowerbound of 95% confidence interval for Sharpe Ratio0.21197

Upperbound of 95% confidence interval for Sharpe Ratio4.25454

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.30627

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.11518
 Statistics related to Sortino ratio

Sortino ratio8.20344

Upside Potential Ratio10.03110

Upside part of mean0.71257

Downside part of mean0.12983

Upside SD0.30940

Downside SD0.07104

N nonnegative terms7.00000

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

N of observations11.00000

Mean of predictor0.31168

Mean of criterion0.58274

SD of predictor0.14332

SD of criterion0.28235

Covariance0.02450

r0.60553

b (slope, estimate of beta)1.19292

a (intercept, estimate of alpha)0.21093

Mean Square Error0.05610

DF error9.00000

t(b)2.28268

p(b)0.02418

t(a)0.71212

p(a)0.24722

Lowerbound of 95% confidence interval for beta0.01072

Upperbound of 95% confidence interval for beta2.37512

Lowerbound of 95% confidence interval for alpha0.45911

Upperbound of 95% confidence interval for alpha0.88097

Treynor index (mean / b)0.48850

Jensen alpha (a)0.21093
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.53566

SD0.26423

Sharpe ratio (Glass type estimate)2.02726

Sharpe ratio (Hedges UMVUE)1.87065

df10.00000

t1.94096

p0.04048

Lowerbound of 95% confidence interval for Sharpe Ratio0.24181

Upperbound of 95% confidence interval for Sharpe Ratio4.21210

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.33453

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.07582
 Statistics related to Sortino ratio

Sortino ratio7.37943

Upside Potential Ratio9.19961

Upside part of mean0.66779

Downside part of mean0.13212

Upside SD0.28655

Downside SD0.07259

N nonnegative terms7.00000

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

N of observations11.00000

Mean of predictor0.29837

Mean of criterion0.53566

SD of predictor0.13703

SD of criterion0.26423

Covariance0.02239

r0.61825

b (slope, estimate of beta)1.19211

a (intercept, estimate of alpha)0.17997

Mean Square Error0.04792

DF error9.00000

t(b)2.35976

p(b)0.02131

t(a)0.65718

p(a)0.26376

Lowerbound of 95% confidence interval for beta0.04931

Upperbound of 95% confidence interval for beta2.33491

Lowerbound of 95% confidence interval for alpha0.43954

Upperbound of 95% confidence interval for alpha0.79949

Treynor index (mean / b)0.44934

Jensen alpha (a)0.17997
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.07765

Expected Shortfall on VaR0.10623
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.02049

Expected Shortfall on VaR0.04039
 ORDER STATISTICS
 Quartiles of return rates

Number of observations11.00000

Minimum0.94572

Quartile 10.98605

Median1.02416

Quartile 31.10243

Maximum1.21361

Mean of quarter 10.96805

Mean of quarter 21.01119

Mean of quarter 31.07841

Mean of quarter 41.15509

Inter Quartile Range0.11638

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)2.91533

VaR(95%) (moments method)0.03272

Expected Shortfall (moments method)0.03305

Extreme Value Index (regression method)0.00717

VaR(95%) (regression method)0.05724

Expected Shortfall (regression method)0.08372
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations2.00000

Minimum0.03247

Quartile 10.03792

Median0.04338

Quartile 30.04883

Maximum0.05428

Mean of quarter 10.03247

Mean of quarter 20.00000

Mean of quarter 30.00000

Mean of quarter 40.05428

Inter Quartile Range0.01091

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)0.73781

Compounded annual return (geometric extrapolation)0.75693

Calmar ratio (compounded annual return / max draw down)13.94390

Compounded annual return / average of 25% largest draw downs13.94390

Compounded annual return / Expected Shortfall lognormal7.12572

0.00000

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

Mean0.56949

SD0.18247

Sharpe ratio (Glass type estimate)3.12101

Sharpe ratio (Hedges UMVUE)3.11160

df249.00000

t3.04870

p0.00127

Lowerbound of 95% confidence interval for Sharpe Ratio1.09292

Upperbound of 95% confidence interval for Sharpe Ratio5.14303

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.08662

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation5.13657
 Statistics related to Sortino ratio

Sortino ratio5.18495

Upside Potential Ratio12.93870

Upside part of mean1.42111

Downside part of mean0.85163

Upside SD0.14945

Downside SD0.10983

N nonnegative terms143.00000

N negative terms107.00000
 Statistics related to linear regression on benchmark

N of observations250.00000

Mean of predictor0.27106

Mean of criterion0.56949

SD of predictor0.13664

SD of criterion0.18247

Covariance0.01000

r0.40127

b (slope, estimate of beta)0.53586

a (intercept, estimate of alpha)0.42400

Mean Square Error0.02805

DF error248.00000

t(b)6.89908

p(b)0.00000

t(a)2.45605

p(a)0.00737

Lowerbound of 95% confidence interval for beta0.38288

Upperbound of 95% confidence interval for beta0.68884

Lowerbound of 95% confidence interval for alpha0.08403

Upperbound of 95% confidence interval for alpha0.76444

Treynor index (mean / b)1.06275

Jensen alpha (a)0.42423
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.55230

SD0.18208

Sharpe ratio (Glass type estimate)3.03322

Sharpe ratio (Hedges UMVUE)3.02407

df249.00000

t2.96294

p0.00167

Lowerbound of 95% confidence interval for Sharpe Ratio1.00622

Upperbound of 95% confidence interval for Sharpe Ratio5.05428

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.00012

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation5.04802
 Statistics related to Sortino ratio

Sortino ratio4.97918

Upside Potential Ratio12.71120

Upside part of mean1.40995

Downside part of mean0.85765

Upside SD0.14793

Downside SD0.11092

N nonnegative terms143.00000

N negative terms107.00000
 Statistics related to linear regression on benchmark

N of observations250.00000

Mean of predictor0.26159

Mean of criterion0.55230

SD of predictor0.13674

SD of criterion0.18208

Covariance0.01000

r0.40165

b (slope, estimate of beta)0.53482

a (intercept, estimate of alpha)0.41239

Mean Square Error0.02792

DF error248.00000

t(b)6.90670

p(b)0.00000

t(a)2.39422

p(a)0.00870

Lowerbound of 95% confidence interval for beta0.38231

Upperbound of 95% confidence interval for beta0.68733

Lowerbound of 95% confidence interval for alpha0.07314

Upperbound of 95% confidence interval for alpha0.75164

Treynor index (mean / b)1.03268

Jensen alpha (a)0.41239
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.01626

Expected Shortfall on VaR0.02087
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00676

Expected Shortfall on VaR0.01367
 ORDER STATISTICS
 Quartiles of return rates

Number of observations250.00000

Minimum0.96598

Quartile 10.99583

Median1.00152

Quartile 31.00907

Maximum1.04159

Mean of quarter 10.98859

Mean of quarter 20.99891

Mean of quarter 31.00514

Mean of quarter 41.01647

Inter Quartile Range0.01324

Number outliers low4.00000

Percentage of outliers low0.01600

Mean of outliers low0.97048

Number of outliers high3.00000

Percentage of outliers high0.01200

Mean of outliers high1.03540
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.03538

VaR(95%) (moments method)0.01014

Expected Shortfall (moments method)0.01412

Extreme Value Index (regression method)0.00370

VaR(95%) (regression method)0.01093

Expected Shortfall (regression method)0.01514
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations13.00000

Minimum0.00027

Quartile 10.00750

Median0.01719

Quartile 30.02724

Maximum0.08474

Mean of quarter 10.00406

Mean of quarter 20.01417

Mean of quarter 30.02398

Mean of quarter 40.08213

Inter Quartile Range0.01974

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high3.00000

Percentage of outliers high0.23077

Mean of outliers high0.08213
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)1217.12000

VaR(95%) (moments method)0.05733

Expected Shortfall (moments method)0.00000

Extreme Value Index (regression method)2.67052

VaR(95%) (regression method)0.04583

Expected Shortfall (regression method)0.04596
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.77506

Compounded annual return (geometric extrapolation)0.78641

Calmar ratio (compounded annual return / max draw down)9.27977

Compounded annual return / average of 25% largest draw downs9.57504

Compounded annual return / Expected Shortfall lognormal37.68790

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

Mean0.10131

SD0.13596

Sharpe ratio (Glass type estimate)0.74514

Sharpe ratio (Hedges UMVUE)0.74083

df130.00000

t0.52690

p0.47692

Lowerbound of 95% confidence interval for Sharpe Ratio2.02947

Upperbound of 95% confidence interval for Sharpe Ratio3.51710

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation2.03243

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.51410
 Statistics related to Sortino ratio

Sortino ratio1.12503

Upside Potential Ratio9.82273

Upside part of mean0.88452

Downside part of mean0.78322

Upside SD0.10136

Downside SD0.09005

N nonnegative terms67.00000

N negative terms64.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.22602

Mean of criterion0.10131

SD of predictor0.10557

SD of criterion0.13596

Covariance0.00521

r0.36327

b (slope, estimate of beta)0.46784

a (intercept, estimate of alpha)0.00443

Mean Square Error0.01617

DF error129.00000

t(b)4.42850

p(b)0.27393

t(a)0.02445

p(a)0.50137

Lowerbound of 95% confidence interval for beta0.25882

Upperbound of 95% confidence interval for beta0.67686

Lowerbound of 95% confidence interval for alpha0.36335

Upperbound of 95% confidence interval for alpha0.35448

Treynor index (mean / b)0.21654

Jensen alpha (a)0.00443
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.09212

SD0.13582

Sharpe ratio (Glass type estimate)0.67825

Sharpe ratio (Hedges UMVUE)0.67433

df130.00000

t0.47959

p0.47899

Lowerbound of 95% confidence interval for Sharpe Ratio2.09599

Upperbound of 95% confidence interval for Sharpe Ratio3.45008

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation2.09869

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.44735
 Statistics related to Sortino ratio

Sortino ratio1.01593

Upside Potential Ratio9.69767

Upside part of mean0.87935

Downside part of mean0.78722

Upside SD0.10058

Downside SD0.09068

N nonnegative terms67.00000

N negative terms64.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.22038

Mean of criterion0.09212

SD of predictor0.10552

SD of criterion0.13582

Covariance0.00522

r0.36407

b (slope, estimate of beta)0.46859

a (intercept, estimate of alpha)0.01115

Mean Square Error0.01613

DF error129.00000

t(b)4.43969

p(b)0.27346

t(a)0.06155

p(a)0.50345

VAR (95 Confidence Intrvl)0.01600

Lowerbound of 95% confidence interval for beta0.25977

Upperbound of 95% confidence interval for beta0.67742

Lowerbound of 95% confidence interval for alpha0.36944

Upperbound of 95% confidence interval for alpha0.34714

Treynor index (mean / b)0.19659

Jensen alpha (a)0.01115
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.01336

Expected Shortfall on VaR0.01681
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00685

Expected Shortfall on VaR0.01273
 ORDER STATISTICS
 Quartiles of return rates

Number of observations131.00000

Minimum0.97820

Quartile 10.99576

Median1.00039

Quartile 31.00479

Maximum1.02662

Mean of quarter 10.99044

Mean of quarter 20.99792

Mean of quarter 31.00259

Mean of quarter 41.01109

Inter Quartile Range0.00903

Number outliers low3.00000

Percentage of outliers low0.02290

Mean of outliers low0.97931

Number of outliers high2.00000

Percentage of outliers high0.01527

Mean of outliers high1.02311
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.03489

VaR(95%) (moments method)0.00917

Expected Shortfall (moments method)0.01206

Extreme Value Index (regression method)0.20410

VaR(95%) (regression method)0.00985

Expected Shortfall (regression method)0.01227
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations4.00000

Minimum0.00294

Quartile 10.00298

Median0.00525

Quartile 30.02323

Maximum0.07041

Mean of quarter 10.00294

Mean of quarter 20.00300

Mean of quarter 30.00750

Mean of quarter 40.07041

Inter Quartile Range0.02025

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.25000

Mean of outliers high0.07041
 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 Negative0.50%

Expected Shortfall (regression method)0.00000

Strat Max DD how much worse than SP500 max DD during strat life?338181000

Max Equity Drawdown (num days)108
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.12370

Compounded annual return (geometric extrapolation)0.12753

Calmar ratio (compounded annual return / max draw down)1.81129

Compounded annual return / average of 25% largest draw downs1.81129

Compounded annual return / Expected Shortfall lognormal7.58689
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.