The ACE
(127764619)
Subscription terms. Subscriptions to this system cost $195.00 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).Sector Rotation
Uses the proceeds from the sale of securities related to a particular investment sector for the purchase of securities in another sector. This strategy is used as a method for capturing returns from market cycles and diversifying holdings over a specified holding period.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  +3.4%  +5.3%  +16.9%  +18.5%  +7.8%  +4.2%  +5.7%  +2.1%  (3.1%)  +18.7%  +7.0%  +125.0%  
2021  +5.4%    +0.4%  +7.6%  +0.7%  +2.2%  (2.3%)  +6.7%  (4.7%)  +7.6%  (3.2%)  +21.3% 
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  $50,000  
Buy Power  $101,578  
Cash  $1  
Equity  $1  
Cumulative $  $93,329  
Includes dividends and cashsettled expirations:  $531  Itemized 
Total System Equity  $143,329  
Margined  $1  
Open P/L  $48,047  
Data has been delayed by 48 hours for nonsubscribers 
System developer has asked us to delay this information by 48 hours.
Trading Record
Statistics

Strategy began2/28/2020

Suggested Minimum Cap$25,000

Strategy Age (days)638.6

Age21 months ago

What it tradesStocks

# Trades321

# Profitable194

% Profitable60.40%

Avg trade duration35.9 days

Max peaktovalley drawdown17.67%

drawdown periodFeb 10, 2021  March 05, 2021

Annual Return (Compounded)77.0%

Avg win$560.37

Avg loss$412.22
 Model Account Values (Raw)

Cash$56,631

Margin Used$0

Buying Power$101,578
 Ratios

W:L ratio2.10:1

Sharpe Ratio1.86

Sortino Ratio2.77

Calmar Ratio6.076
 CORRELATION STATISTICS

Return of Strat Pcnt  Return of SP500 Pcnt (cumu)117.34%

Correlation to SP5000.44900

Return Percent SP500 (cumu) during strategy life55.53%
 Return Statistics

Ann Return (w trading costs)77.0%
 Slump

Current Slump as Pcnt Equity8.10%
 Instruments

Percent Trades Futures0.14%
 Slump

Current Slump, time of slump as pcnt of strategy life0.03%
 Instruments

Short Options  Percent Covered100.00%
 Return Statistics

Return Pcnt (Compound or Annual, agebased, NFA compliant)0.770%
 Instruments

Percent Trades Options0.00%

Percent Trades Stocks0.86%

Percent Trades Forexn/a
 Return Statistics

Ann Return (Compnd, No Fees)82.4%
 Risk of Ruin (MonteCarlo)

Chance of 10% account loss32.50%

Chance of 20% account loss7.00%

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)704

Popularity (Last 6 weeks)974
 Trading Style

Any stock shorts? 0/10
 Popularity

C2 Score977

Popularity (7 days, Percentile 1000 scale)916
 Management

No Subs Allowed Flag (1: no subs)0

Strat abandoned?0
 TradesOwnSystem Certification

Trades Own System?

TOS percentn/a
 Win / Loss

Avg Loss$415

Avg Win$750

Sum Trade PL (losers)$52,692.000
 AUM

AUM (AutoTrader num accounts)9
 Age

Num Months filled monthly returns table22
 Win / Loss

Sum Trade PL (winners)$145,489.000

# Winners194

Num Months Winners18
 Dividends

Dividends Received in Model Acct532
 AUM

AUM (AutoTrader live capital)1222130
 Win / Loss

# Losers127

% Winners60.4%
 Frequency

Avg Position Time (mins)51731.30

Avg Position Time (hrs)862.19

Avg Trade Length35.9 days

Last Trade Ago2
 Leverage

Daily leverage (average)1.40

Daily leverage (max)17.13
 Regression

Alpha0.13

Beta0.43

Treynor Index0.37
 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)0.24

MAE:Equity, average, winning trades0.00

MAE:Equity, average, losing trades0.01

Avg(MAE) / Avg(PL)  All trades1.775

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 trades0.367

Avg(MAE) / Avg(PL)  Losing trades1.270

HoldandHope Ratio0.807
 Analysis based on MONTHLY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean0.65891

SD0.24090

Sharpe ratio (Glass type estimate)2.73527

Sharpe ratio (Hedges UMVUE)2.62561

df19.00000

t3.53121

p0.12758

Lowerbound of 95% confidence interval for Sharpe Ratio0.96146

Upperbound of 95% confidence interval for Sharpe Ratio4.45478

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.89305

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.35817
 Statistics related to Sortino ratio

Sortino ratio9.61415

Upside Potential Ratio11.06610

Upside part of mean0.75843

Downside part of mean0.09951

Upside SD0.29430

Downside SD0.06854

N nonnegative terms16.00000

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

N of observations20.00000

Mean of predictor0.27084

Mean of criterion0.65891

SD of predictor0.20303

SD of criterion0.24090

Covariance0.02601

r0.53185

b (slope, estimate of beta)0.63106

a (intercept, estimate of alpha)0.48800

Mean Square Error0.04393

DF error18.00000

t(b)2.66459

p(b)0.23407

t(a)2.79561

p(a)0.22489

Lowerbound of 95% confidence interval for beta0.13349

Upperbound of 95% confidence interval for beta1.12863

Lowerbound of 95% confidence interval for alpha0.12126

Upperbound of 95% confidence interval for alpha0.85474

Treynor index (mean / b)1.04414

Jensen alpha (a)0.48800
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.61551

SD0.22679

Sharpe ratio (Glass type estimate)2.71405

Sharpe ratio (Hedges UMVUE)2.60524

df19.00000

t3.50382

p0.12905

Lowerbound of 95% confidence interval for Sharpe Ratio0.94364

Upperbound of 95% confidence interval for Sharpe Ratio4.43037

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.87579

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.33469
 Statistics related to Sortino ratio

Sortino ratio8.76899

Upside Potential Ratio10.21790

Upside part of mean0.71722

Downside part of mean0.10170

Upside SD0.27478

Downside SD0.07019

N nonnegative terms16.00000

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

N of observations20.00000

Mean of predictor0.24814

Mean of criterion0.61551

SD of predictor0.20164

SD of criterion0.22679

Covariance0.02327

r0.50881

b (slope, estimate of beta)0.57227

a (intercept, estimate of alpha)0.47351

Mean Square Error0.04024

DF error18.00000

t(b)2.50756

p(b)0.24559

t(a)2.86331

p(a)0.22030

Lowerbound of 95% confidence interval for beta0.09280

Upperbound of 95% confidence interval for beta1.05174

Lowerbound of 95% confidence interval for alpha0.12608

Upperbound of 95% confidence interval for alpha0.82095

Treynor index (mean / b)1.07557

Jensen alpha (a)0.47351
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.05483

Expected Shortfall on VaR0.08007
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00927

Expected Shortfall on VaR0.02358
 ORDER STATISTICS
 Quartiles of return rates

Number of observations20.00000

Minimum0.94505

Quartile 11.02444

Median1.06526

Quartile 31.09418

Maximum1.19659

Mean of quarter 10.97264

Mean of quarter 21.03705

Mean of quarter 31.07410

Mean of quarter 41.14516

Inter Quartile Range0.06974

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)0.00000

VaR(95%) (moments method)0.00000

Expected Shortfall (moments method)0.00000

Extreme Value Index (regression method)3.00445

VaR(95%) (regression method)0.07314

Expected Shortfall (regression method)0.07379
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations4.00000

Minimum0.01924

Quartile 10.02655

Median0.04118

Quartile 30.05377

Maximum0.05495

Mean of quarter 10.01924

Mean of quarter 20.02898

Mean of quarter 30.05337

Mean of quarter 40.05495

Inter Quartile Range0.02722

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)1.15337

Compounded annual return (geometric extrapolation)0.90298

Calmar ratio (compounded annual return / max draw down)16.43280

Compounded annual return / average of 25% largest draw downs16.43280

Compounded annual return / Expected Shortfall lognormal11.27750

0.00000

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

Mean0.59551

SD0.24847

Sharpe ratio (Glass type estimate)2.39668

Sharpe ratio (Hedges UMVUE)2.39270

df452.00000

t3.15143

p0.00087

Lowerbound of 95% confidence interval for Sharpe Ratio0.89669

Upperbound of 95% confidence interval for Sharpe Ratio3.89414

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.89400

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.89139
 Statistics related to Sortino ratio

Sortino ratio3.65659

Upside Potential Ratio10.87600

Upside part of mean1.77125

Downside part of mean1.17574

Upside SD0.19087

Downside SD0.16286

N nonnegative terms281.00000

N negative terms172.00000
 Statistics related to linear regression on benchmark

N of observations453.00000

Mean of predictor0.26456

Mean of criterion0.59551

SD of predictor0.27083

SD of criterion0.24847

Covariance0.02946

r0.43782

b (slope, estimate of beta)0.40167

a (intercept, estimate of alpha)0.48900

Mean Square Error0.05001

DF error451.00000

t(b)10.34170

p(b)0.00000

t(a)2.87131

p(a)0.00214

Lowerbound of 95% confidence interval for beta0.32534

Upperbound of 95% confidence interval for beta0.47800

Lowerbound of 95% confidence interval for alpha0.15438

Upperbound of 95% confidence interval for alpha0.82410

Treynor index (mean / b)1.48257

Jensen alpha (a)0.48924
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.56406

SD0.24822

Sharpe ratio (Glass type estimate)2.27244

Sharpe ratio (Hedges UMVUE)2.26867

df452.00000

t2.98807

p0.00148

Lowerbound of 95% confidence interval for Sharpe Ratio0.77335

Upperbound of 95% confidence interval for Sharpe Ratio3.76915

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.77079

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.76655
 Statistics related to Sortino ratio

Sortino ratio3.41055

Upside Potential Ratio10.60070

Upside part of mean1.75321

Downside part of mean1.18915

Upside SD0.18798

Downside SD0.16539

N nonnegative terms281.00000

N negative terms172.00000
 Statistics related to linear regression on benchmark

N of observations453.00000

Mean of predictor0.22753

Mean of criterion0.56406

SD of predictor0.27262

SD of criterion0.24822

Covariance0.02988

r0.44161

b (slope, estimate of beta)0.40208

a (intercept, estimate of alpha)0.47258

Mean Square Error0.04971

DF error451.00000

t(b)10.45280

p(b)0.00000

t(a)2.78346

p(a)0.00280

Lowerbound of 95% confidence interval for beta0.32649

Upperbound of 95% confidence interval for beta0.47768

Lowerbound of 95% confidence interval for alpha0.13892

Upperbound of 95% confidence interval for alpha0.80623

Treynor index (mean / b)1.40284

Jensen alpha (a)0.47258
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.02281

Expected Shortfall on VaR0.02903
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00851

Expected Shortfall on VaR0.01813
 ORDER STATISTICS
 Quartiles of return rates

Number of observations453.00000

Minimum0.94657

Quartile 10.99567

Median1.00317

Quartile 31.00998

Maximum1.06266

Mean of quarter 10.98335

Mean of quarter 20.99975

Mean of quarter 31.00652

Mean of quarter 41.02006

Inter Quartile Range0.01431

Number outliers low20.00000

Percentage of outliers low0.04415

Mean of outliers low0.96471

Number of outliers high15.00000

Percentage of outliers high0.03311

Mean of outliers high1.04271
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.01357

VaR(95%) (moments method)0.01240

Expected Shortfall (moments method)0.01729

Extreme Value Index (regression method)0.07167

VaR(95%) (regression method)0.01507

Expected Shortfall (regression method)0.02092
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations37.00000

Minimum0.00022

Quartile 10.00798

Median0.02125

Quartile 30.05524

Maximum0.13291

Mean of quarter 10.00289

Mean of quarter 20.01334

Mean of quarter 30.03510

Mean of quarter 40.08904

Inter Quartile Range0.04726

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.02703

Mean of outliers high0.13291
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)0.15562

VaR(95%) (moments method)0.09409

Expected Shortfall (moments method)0.11282

Extreme Value Index (regression method)0.47169

VaR(95%) (regression method)0.09021

Expected Shortfall (regression method)0.09964
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)1.03121

Compounded annual return (geometric extrapolation)0.80754

Calmar ratio (compounded annual return / max draw down)6.07575

Compounded annual return / average of 25% largest draw downs9.06920

Compounded annual return / Expected Shortfall lognormal27.81490

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

Mean0.11641

SD0.12768

Sharpe ratio (Glass type estimate)0.91178

Sharpe ratio (Hedges UMVUE)0.90650

df130.00000

t0.64472

p0.47177

Lowerbound of 95% confidence interval for Sharpe Ratio1.86394

Upperbound of 95% confidence interval for Sharpe Ratio3.68411

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.86749

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.68050
 Statistics related to Sortino ratio

Sortino ratio1.26286

Upside Potential Ratio9.06634

Upside part of mean0.83574

Downside part of mean0.71933

Upside SD0.08793

Downside SD0.09218

N nonnegative terms73.00000

N negative terms58.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.15696

Mean of criterion0.11641

SD of predictor0.10630

SD of criterion0.12768

Covariance0.00953

r0.70203

b (slope, estimate of beta)0.84323

a (intercept, estimate of alpha)0.01594

Mean Square Error0.00833

DF error129.00000

t(b)11.19630

p(b)0.09314

t(a)0.12296

p(a)0.50689

Lowerbound of 95% confidence interval for beta0.69422

Upperbound of 95% confidence interval for beta0.99224

Lowerbound of 95% confidence interval for alpha0.27241

Upperbound of 95% confidence interval for alpha0.24053

Treynor index (mean / b)0.13806

Jensen alpha (a)0.01594
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.10827

SD0.12784

Sharpe ratio (Glass type estimate)0.84698

Sharpe ratio (Hedges UMVUE)0.84209

df130.00000

t0.59891

p0.47377

Lowerbound of 95% confidence interval for Sharpe Ratio1.92830

Upperbound of 95% confidence interval for Sharpe Ratio3.61913

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.93161

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.61578
 Statistics related to Sortino ratio

Sortino ratio1.16559

Upside Potential Ratio8.95460

Upside part of mean0.83182

Downside part of mean0.72355

Upside SD0.08737

Downside SD0.09289

N nonnegative terms73.00000

N negative terms58.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.15128

Mean of criterion0.10827

SD of predictor0.10647

SD of criterion0.12784

Covariance0.00957

r0.70313

b (slope, estimate of beta)0.84427

a (intercept, estimate of alpha)0.01944

Mean Square Error0.00833

DF error129.00000

t(b)11.23110

p(b)0.09264

t(a)0.15009

p(a)0.50841

VAR (95 Confidence Intrvl)0.02300

Lowerbound of 95% confidence interval for beta0.69554

Upperbound of 95% confidence interval for beta0.99301

Lowerbound of 95% confidence interval for alpha0.27576

Upperbound of 95% confidence interval for alpha0.23687

Treynor index (mean / b)0.12825

Jensen alpha (a)0.01944
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.01250

Expected Shortfall on VaR0.01575
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00584

Expected Shortfall on VaR0.01172
 ORDER STATISTICS
 Quartiles of return rates

Number of observations131.00000

Minimum0.97764

Quartile 10.99616

Median1.00107

Quartile 31.00604

Maximum1.02483

Mean of quarter 10.99027

Mean of quarter 20.99918

Mean of quarter 31.00325

Mean of quarter 41.00959

Inter Quartile Range0.00989

Number outliers low4.00000

Percentage of outliers low0.03053

Mean of outliers low0.97879

Number of outliers high1.00000

Percentage of outliers high0.00763

Mean of outliers high1.02483
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.10122

VaR(95%) (moments method)0.00925

Expected Shortfall (moments method)0.01330

Extreme Value Index (regression method)0.12223

VaR(95%) (regression method)0.00944

Expected Shortfall (regression method)0.01222
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations11.00000

Minimum0.00022

Quartile 10.00203

Median0.01304

Quartile 30.04016

Maximum0.06613

Mean of quarter 10.00086

Mean of quarter 20.00814

Mean of quarter 30.02317

Mean of quarter 40.06174

Inter Quartile Range0.03813

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)41.94090

VaR(95%) (moments method)0.06442

Expected Shortfall (moments method)0.00000

Extreme Value Index (regression method)2.91243

VaR(95%) (regression method)0.07431

Last 4 Months  Pcnt Negative0.50%

Expected Shortfall (regression method)0.07444

Strat Max DD how much worse than SP500 max DD during strat life?326564000

Max Equity Drawdown (num days)23
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.14093

Compounded annual return (geometric extrapolation)0.14589

Calmar ratio (compounded annual return / max draw down)2.20612

Compounded annual return / average of 25% largest draw downs2.36304

Compounded annual return / Expected Shortfall lognormal9.26413
Strategy Description
Markets:
Equities and ETF's – High growth, recurring revenue companies and a select group of leveraged ETF’s are traded to utilize available cash and increase portfolio returns. All entries and exits are completely automated based on two very successful, timetested algorithms.
Futures – Using a much smaller portion of the total account, this is a rulebased strategy including strict filtering which leverages significant pivot patterns and turning points. Risk management measures are always in place and there is a constant respect towards the overall trend. Futures symbols include currency pairs, gold, crude oil, and S&P 500 futures. These trades will be infrequent in nature and a much smaller portion of the overall account and returns.
Disclosure:
Past performance is not a guarantee of future results. You should not act on the ideas shared until you have consulted with your financial, investment, tax, and legal adviser.
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.