The strategy has performed relatively well during the downturn and exceptional during the up market. The manager does a good job of money management/scaling in and out of positions. Clearly isn't trying to hit the home run to gather subscribers. I feel he is managing the fund to do well long term which is what most people are looking for.
Very profitable strategy and knows when to pull out to avoid further losses. Amazing strategy. If your looking to invest safely but profitably this is the strategy. I've tried it all, 401ks,mutual funds ect. This is way better.
Good communication from Trader. Good results. Low market beta.
Does well in an up market, selling puts. Flipside is it system takes a big hit when market turns, eg Dec 2018.
Heath explained his strategy well and answered all questions. He also has really good YouTube videos on the strategy. I ran this strategy on simulation for sometime and saw good results. What attracted me was the low drawdown while running simulation. Unfortunately I subscribed and then lost 9% in the next 2 days. Stopped subscription. Although over the long run it might do well, can't take risk of further downside.
I subscribed to this strategy despite warning that this is unachievable scalping. Contacted trade leader on information about how this strategy worked. Didn't get any response. No trades were made for 2 weeks and I unsubscribed. Didn't get any refund. Fees should ideally be prorated.
I subscribed to this strategy for 8 months, since it was quite new. I followed it for a long time but I will stop my subscription at the end of this month.
First, the minor, but potentially telling issue: the trade leader is unavailable. I tried to contact him a number of times using C2 messages. Every time I asked detailed, specific questions in a respectful, polite manner. He never once answered.
The best I can tell about the system that it survives. I.e. it has a winning streak followed by a sudden and bad losing streak but somehow it recovers. The long term p/l is flat or at best mildly ascending.
On winning days the system takes several, short term, intra-day trades with uncanny accuracy. Great!
But once in a while (I couldn't figure out when exactly) the system gets totally and I mean totally out of sync of the market and takes, with similarly uncanny accuracy the exact opposite of the price movement. To add insult to injury, it hangs on the losing trades (contrary to the system's description there are no stops) for quite some time (and then takes the opposite side and loses on that too.
This is how it quickly loses the previously built profits. Rinse and repeat.
I'd like to give this system a good review as it's had solid performance since 2014 until this year (2018). However in this rough year of 2018, the system has greatly expanded its drawdown, and worse the system developer hasn't answered messages or even logged in for 51 days (so far). Currently open positions (many in tech which is now tanking) are just being held on hope I suppose and the drawdown keeps increasing. Maybe the market will rebound and bail out the positions, or maybe there is some plan? But if there is a plan the developer isn't telling subscribers--he hasn't even logged in since the carnage got bad. So given the situation I can't recommend this system.
I like EScalade very much. I am referring to a previous review. Yes, there is slippage. That said, slippage can go either way. Sometimes you slippage will be toe the plus side, other times to the minus side. However, when all is said and done, it likely will even out. To me, it has not been a large concern.
