EF Futures
(107362324)
Subscription terms. Subscriptions to this system cost $99.00 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  

2016  +0.3%  +1.6%  +1.8%  
2017  +9.3%  +10.6%  +2.8%  +6.6%  +4.3%  +2.2%  +3.0%  +9.5%  (4.1%)  +2.6%  +4.5%  (1.1%)  +61.5% 
2018  (5.6%)  +18.2%  (4.7%)  +4.5%  (5.8%)  (8.7%)  +16.6%  +4.8%  +8.0%  (59.2%)      (48.5%) 
2019                          0.0 
2020                          0.0 
2021                       
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  $10,000  
Buy Power  $16,286  
Cash  $1  
Equity  $1  
Cumulative $  $6,286  
Total System Equity  $16,286  
Margined  $1  
Open P/L  $0  
Data has been delayed by 24 hours for nonsubscribers 
System developer has asked us to delay this information by 24 hours.
Trading Record
Statistics

Strategy began11/21/2016

Suggested Minimum Cap$10,000

Strategy Age (days)1835.16

Age61 months ago

What it tradesFutures

# Trades444

# Profitable226

% Profitable50.90%

Avg trade duration4.8 hours

Max peaktovalley drawdown59.88%

drawdown periodOct 03, 2018  Oct 16, 2018

Annual Return (Compounded)3.2%

Avg win$251.84

Avg loss$232.24
 Model Account Values (Raw)

Cash$16,286

Margin Used$0

Buying Power$16,286
 Ratios

W:L ratio1.12:1

Sharpe Ratio0.11

Sortino Ratio0.13

Calmar Ratio0.513
 CORRELATION STATISTICS

Return of Strat Pcnt  Return of SP500 Pcnt (cumu)123.46%

Correlation to SP5000.03990

Return Percent SP500 (cumu) during strategy life106.46%
 Return Statistics

Ann Return (w trading costs)3.2%
 Slump

Current Slump as Pcnt Equity148.50%
 Instruments

Percent Trades Futures1.00%
 Slump

Current Slump, time of slump as pcnt of strategy life0.63%
 Instruments

Short Options  Percent Covered100.00%
 Return Statistics

Return Pcnt (Compound or Annual, agebased, NFA compliant)0.032%
 Instruments

Percent Trades Optionsn/a

Percent Trades Stocksn/a

Percent Trades Forexn/a
 Return Statistics

Ann Return (Compnd, No Fees)10.2%
 Risk of Ruin (MonteCarlo)

Chance of 10% account loss52.00%

Chance of 20% account loss23.50%

Chance of 30% account loss5.50%

Chance of 40% account loss1.00%

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)0

Popularity (Last 6 weeks)0
 Trading Style

Any stock shorts? 0/10
 Popularity

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$232

Avg Win$252

Sum Trade PL (losers)$50,629.000
 Age

Num Months filled monthly returns table61
 Win / Loss

Sum Trade PL (winners)$56,915.000

# Winners226

Num Months Winners17
 Dividends

Dividends Received in Model Acct0
 Win / Loss

# Losers218

% Winners50.9%
 Frequency

Avg Position Time (mins)285.28

Avg Position Time (hrs)4.75

Avg Trade Length0.2 days

Last Trade Ago1141
 Regression

Alpha0.01

Beta0.05

Treynor Index0.17
 Maximum Adverse Excursion (MAE)

MAE:Equity, average, all trades0.02

MAE:PL  Winning Trades  this strat Percentile of All Strats37.98

MAE:PL  worst single value for strategy

MAE:PL  Losing Trades  this strat Percentile of All Strats33.02

MAE:PL (avg, winning trades)

MAE:PL (avg, losing trades)

MAE:PL (avg, all trades)0.13

MAE:Equity, average, winning trades0.01

MAE:Equity, average, losing trades0.02

Avg(MAE) / Avg(PL)  All trades28.733

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 strat0.09

Avg(MAE) / Avg(PL)  Winning trades0.560

Avg(MAE) / Avg(PL)  Losing trades1.219

HoldandHope Ratio0.034
 Analysis based on MONTHLY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean0.25371

SD0.37514

Sharpe ratio (Glass type estimate)0.67631

Sharpe ratio (Hedges UMVUE)0.65801

df28.00000

t1.05137

p0.15104

Lowerbound of 95% confidence interval for Sharpe Ratio0.60262

Upperbound of 95% confidence interval for Sharpe Ratio1.94347

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.61450

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.93051
 Statistics related to Sortino ratio

Sortino ratio0.94052

Upside Potential Ratio1.82154

Upside part of mean0.49138

Downside part of mean0.23766

Upside SD0.26167

Downside SD0.26976

N nonnegative terms15.00000

N negative terms14.00000
 Statistics related to linear regression on benchmark

N of observations29.00000

Mean of predictor0.29482

Mean of criterion0.25371

SD of predictor0.24277

SD of criterion0.37514

Covariance0.01376

r0.15106

b (slope, estimate of beta)0.23342

a (intercept, estimate of alpha)0.18490

Mean Square Error0.14261

DF error27.00000

t(b)0.79402

p(b)0.21705

t(a)0.71688

p(a)0.23980

Lowerbound of 95% confidence interval for beta0.36976

Upperbound of 95% confidence interval for beta0.83659

Lowerbound of 95% confidence interval for alpha0.34431

Upperbound of 95% confidence interval for alpha0.71411

Treynor index (mean / b)1.08695

Jensen alpha (a)0.18490
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.17239

SD0.42435

Sharpe ratio (Glass type estimate)0.40626

Sharpe ratio (Hedges UMVUE)0.39526

df28.00000

t0.63155

p0.26640

Lowerbound of 95% confidence interval for Sharpe Ratio0.86252

Upperbound of 95% confidence interval for Sharpe Ratio1.66792

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.86976

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.66028
 Statistics related to Sortino ratio

Sortino ratio0.49931

Upside Potential Ratio1.33218

Upside part of mean0.45996

Downside part of mean0.28756

Upside SD0.23902

Downside SD0.34527

N nonnegative terms15.00000

N negative terms14.00000
 Statistics related to linear regression on benchmark

N of observations29.00000

Mean of predictor0.26473

Mean of criterion0.17239

SD of predictor0.22909

SD of criterion0.42435

Covariance0.02127

r0.21881

b (slope, estimate of beta)0.40530

a (intercept, estimate of alpha)0.06510

Mean Square Error0.17780

DF error27.00000

t(b)1.16521

p(b)0.12706

t(a)0.22727

p(a)0.41096

Lowerbound of 95% confidence interval for beta0.30840

Upperbound of 95% confidence interval for beta1.11901

Lowerbound of 95% confidence interval for alpha0.52264

Upperbound of 95% confidence interval for alpha0.65284

Treynor index (mean / b)0.42535

Jensen alpha (a)0.06510
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.17066

Expected Shortfall on VaR0.21125
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.04261

Expected Shortfall on VaR0.09951
 ORDER STATISTICS
 Quartiles of return rates

Number of observations29.00000

Minimum0.58876

Quartile 10.99878

Median1.01634

Quartile 31.05156

Maximum1.27266

Mean of quarter 10.93228

Mean of quarter 21.00233

Mean of quarter 31.03969

Mean of quarter 41.13261

Inter Quartile Range0.05277

Number outliers low1.00000

Percentage of outliers low0.03448

Mean of outliers low0.58876

Number of outliers high3.00000

Percentage of outliers high0.10345

Mean of outliers high1.20347
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)1.02272

VaR(95%) (moments method)0.01574

Expected Shortfall (moments method)0.00000

Extreme Value Index (regression method)1.23146

VaR(95%) (regression method)0.07759

Expected Shortfall (regression method)0.00000
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations7.00000

Minimum0.00438

Quartile 10.01244

Median0.02029

Quartile 30.04047

Maximum0.41124

Mean of quarter 10.00693

Mean of quarter 20.01785

Mean of quarter 30.03241

Mean of quarter 40.22989

Inter Quartile Range0.02803

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.14286

Mean of outliers high0.41124
 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)0.25765

Compounded annual return (geometric extrapolation)0.22177

Calmar ratio (compounded annual return / max draw down)0.53928

Compounded annual return / average of 25% largest draw downs0.96470

Compounded annual return / Expected Shortfall lognormal1.04983

0.00000

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

Mean0.19560

SD0.23003

Sharpe ratio (Glass type estimate)0.85033

Sharpe ratio (Hedges UMVUE)0.84934

df644.00000

t1.33418

p0.09131

Lowerbound of 95% confidence interval for Sharpe Ratio0.39999

Upperbound of 95% confidence interval for Sharpe Ratio2.10006

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.40069

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation2.09936
 Statistics related to Sortino ratio

Sortino ratio1.15505

Upside Potential Ratio5.54785

Upside part of mean0.93949

Downside part of mean0.74389

Upside SD0.15588

Downside SD0.16934

N nonnegative terms212.00000

N negative terms433.00000
 Statistics related to linear regression on benchmark

N of observations645.00000

Mean of predictor0.29959

Mean of criterion0.19560

SD of predictor0.24174

SD of criterion0.23003

Covariance0.00216

r0.03880

b (slope, estimate of beta)0.03692

a (intercept, estimate of alpha)0.18500

Mean Square Error0.05291

DF error643.00000

t(b)0.98456

p(b)0.16260

t(a)1.25503

p(a)0.10496

Lowerbound of 95% confidence interval for beta0.03671

Upperbound of 95% confidence interval for beta0.11055

Lowerbound of 95% confidence interval for alpha0.10419

Upperbound of 95% confidence interval for alpha0.47327

Treynor index (mean / b)5.29819

Jensen alpha (a)0.18454
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.16872

SD0.23265

Sharpe ratio (Glass type estimate)0.72523

Sharpe ratio (Hedges UMVUE)0.72438

df644.00000

t1.13790

p0.12779

Lowerbound of 95% confidence interval for Sharpe Ratio0.52481

Upperbound of 95% confidence interval for Sharpe Ratio1.97477

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.52541

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.97417
 Statistics related to Sortino ratio

Sortino ratio0.95714

Upside Potential Ratio5.26248

Upside part of mean0.92765

Downside part of mean0.75893

Upside SD0.15191

Downside SD0.17628

N nonnegative terms212.00000

N negative terms433.00000
 Statistics related to linear regression on benchmark

N of observations645.00000

Mean of predictor0.26994

Mean of criterion0.16872

SD of predictor0.24381

SD of criterion0.23265

Covariance0.00230

r0.04061

b (slope, estimate of beta)0.03875

a (intercept, estimate of alpha)0.15826

Mean Square Error0.05412

DF error643.00000

t(b)1.03071

p(b)0.15153

t(a)1.06490

p(a)0.14366

Lowerbound of 95% confidence interval for beta0.03508

Upperbound of 95% confidence interval for beta0.11259

Lowerbound of 95% confidence interval for alpha0.13357

Upperbound of 95% confidence interval for alpha0.45009

Treynor index (mean / b)4.35359

Jensen alpha (a)0.15826
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.02273

Expected Shortfall on VaR0.02857
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00767

Expected Shortfall on VaR0.01706
 ORDER STATISTICS
 Quartiles of return rates

Number of observations645.00000

Minimum0.86253

Quartile 11.00000

Median1.00000

Quartile 31.00326

Maximum1.12133

Mean of quarter 10.98898

Mean of quarter 21.00000

Mean of quarter 31.00057

Mean of quarter 41.01394

Inter Quartile Range0.00326

Number outliers low88.00000

Percentage of outliers low0.13643

Mean of outliers low0.98111

Number of outliers high93.00000

Percentage of outliers high0.14419

Mean of outliers high1.01997
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.47059

VaR(95%) (moments method)0.00485

Expected Shortfall (moments method)0.01209

Extreme Value Index (regression method)0.33681

VaR(95%) (regression method)0.00928

Expected Shortfall (regression method)0.02059
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations31.00000

Minimum0.00007

Quartile 10.00520

Median0.01895

Quartile 30.03618

Maximum0.42375

Mean of quarter 10.00254

Mean of quarter 20.01191

Mean of quarter 30.02704

Mean of quarter 40.11223

Inter Quartile Range0.03099

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high3.00000

Percentage of outliers high0.09677

Mean of outliers high0.20611
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)0.57553

VaR(95%) (moments method)0.11575

Expected Shortfall (moments method)0.30018

Extreme Value Index (regression method)0.92887

VaR(95%) (regression method)0.12104

Expected Shortfall (regression method)1.53843
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.25292

Compounded annual return (geometric extrapolation)0.21729

Calmar ratio (compounded annual return / max draw down)0.51278

Compounded annual return / average of 25% largest draw downs1.93609

Compounded annual return / Expected Shortfall lognormal7.60481

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

Mean0.02791

SD0.00000

Sharpe ratio (Glass type estimate)0.00000

Sharpe ratio (Hedges UMVUE)0.00000

df0.00000

t0.00000

p0.00000

Lowerbound of 95% confidence interval for Sharpe Ratio0.00000

Upperbound of 95% confidence interval for Sharpe Ratio0.00000

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.00000

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation0.00000
 Statistics related to Sortino ratio

Sortino ratio16.18640

Upside Potential Ratio0.00000

Upside part of mean0.00000

Downside part of mean0.02791

Upside SD0.00000

Downside SD0.00172

N nonnegative terms0.00000

N negative terms131.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor1.16780

Mean of criterion0.02791

SD of predictor0.48510

SD of criterion0.00000

Covariance0.00000

r0.00000

b (slope, estimate of beta)0.00000

a (intercept, estimate of alpha)0.00000

Mean Square Error0.00000

DF error0.00000

t(b)0.00000

p(b)0.00000

t(a)0.00000

p(a)0.00000

Lowerbound of 95% confidence interval for beta0.00000

Upperbound of 95% confidence interval for beta0.00000

Lowerbound of 95% confidence interval for alpha0.00000

Upperbound of 95% confidence interval for alpha0.00000

Treynor index (mean / b)0.00000

Jensen alpha (a)0.00000
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.02791

SD0.00000

Sharpe ratio (Glass type estimate)9748420000000000.00000

Sharpe ratio (Hedges UMVUE)9692070000000000.00000

df130.00000

t6893170000000000.00000

p1.00000

Lowerbound of 95% confidence interval for Sharpe Ratio0.00000

Upperbound of 95% confidence interval for Sharpe Ratio0.00000

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation10870200000000000.00000

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation8513980000000000.00000
 Statistics related to Sortino ratio

Sortino ratio16.18640

Upside Potential Ratio0.00000

Upside part of mean0.00000

Downside part of mean0.02791

Upside SD0.00000

Downside SD0.00172

N nonnegative terms0.00000

N negative terms131.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor1.04713

Mean of criterion0.02791

SD of predictor0.49051

SD of criterion0.00000

Covariance0.00000

r0.00000

b (slope, estimate of beta)0.00000

a (intercept, estimate of alpha)0.02791

Mean Square Error0.00000

DF error129.00000

t(b)0.00000

p(b)0.50000

t(a)6807210000000000.00000

p(a)1.00000

VAR (95 Confidence Intrvl)0.02300

Lowerbound of 95% confidence interval for beta0.00000

Upperbound of 95% confidence interval for beta0.00000

Lowerbound of 95% confidence interval for alpha0.02791

Upperbound of 95% confidence interval for alpha0.02791

Treynor index (mean / b)142850000000000007386339532079104.00000

Jensen alpha (a)0.02791
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.00011

Expected Shortfall on VaR0.00011
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00000

Expected Shortfall on VaR0.00000
 ORDER STATISTICS
 Quartiles of return rates

Number of observations131.00000

Minimum1.00000

Quartile 11.00000

Median1.00000

Quartile 31.00000

Maximum1.00000

Mean of quarter 11.00000

Mean of quarter 21.00000

Mean of quarter 31.00000

Mean of quarter 41.00000

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 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)0.00000

VaR(95%) (regression method)0.00000

Expected Shortfall (regression method)0.00000
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations0.00000

Minimum0.00000

Quartile 10.00000

Median0.00000

Quartile 30.00000

Maximum0.00000

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 Negativen/a

Expected Shortfall (regression method)0.00000

Strat Max DD how much worse than SP500 max DD during strat life?887146000

Max Equity Drawdown (num days)13
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.00000

Compounded annual return (geometric extrapolation)0.00000

Calmar ratio (compounded annual return / max draw down)0.00000

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

Compounded annual return / Expected Shortfall lognormal0.00000
Strategy Description
Looking for the highest return with a reasonable DD
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.