Captura DTS System
(26720715)
Subscription terms. Subscriptions to this system cost $125.00 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.
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  

2007  (0.9%)  (0.5%)  +6.1%  +1.0%  +2.0%  (2%)  +0.8%  +6.4%  
2008  (2.7%)  +2.0%  +0.6%  +5.0%  (1.1%)  +2.2%  +2.0%  +2.5%  +6.5%  (1.9%)  +0.1%  +2.6%  +18.9% 
2009  +5.6%  +4.1%  +0.1%  +2.0%  +2.8%  (0.1%)  +0.7%  +2.9%  +2.8%  +1.6%  +1.3%  +4.5%  +32.1% 
2010  (3.5%)  +1.6%  +0.9%  +2.4%  (1%)  (2.9%)  +1.0%  (3.5%)  +1.4%  +2.5%  (0.6%)  +6.6%  +4.7% 
2011  (0.1%)  +0.7%  +1.5%  +1.3%  +2.4%  (0.8%)  (1.3%)  (4.6%)  (4.3%)  +2.9%  +1.2%  (1.5%)  (3.1%) 
2012                          0.0 
2013                          0.0 
2014                          0.0 
2015                          0.0 
2016                          0.0 
2017                          0.0 
2018                          0.0 
2019                          0.0 
2020                          0.0 
2021                    0.0 
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  $190,694  
Cash  $1  
Equity  $1  
Cumulative $  $90,693  
Includes dividends and cashsettled expirations:  $7,012  Itemized 
Total System Equity  $190,693  
Margined  $1  
Open P/L  $0  
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 began6/12/2007

Suggested Minimum Cap$100,000

Strategy Age (days)5219.56

Age174 months ago

What it tradesStocks

# Trades1306

# Profitable1031

% Profitable78.90%

Avg trade duration4.2 days

Max peaktovalley drawdown14.87%

drawdown periodOct 01, 2008  Oct 10, 2008

Annual Return (Compounded)3.8%

Avg win$257.66

Avg loss$661.70
 Model Account Values (Raw)

Cash$190,694

Margin Used$0

Buying Power$190,694
 Ratios

W:L ratio1.54:1

Sharpe Ratio0.25

Sortino Ratio0.39

Calmar Ratio0.023
 CORRELATION STATISTICS

Return of Strat Pcnt  Return of SP500 Pcnt (cumu)128.92%

Correlation to SP5000.29380

Return Percent SP500 (cumu) during strategy life197.60%
 Return Statistics

Ann Return (w trading costs)3.8%
 Slump

Current Slump as Pcnt Equity9.30%
 Instruments

Percent Trades Futuresn/a
 Slump

Current Slump, time of slump as pcnt of strategy life0.72%
 Return Statistics

Return Pcnt (Compound or Annual, agebased, NFA compliant)0.038%
 Instruments

Percent Trades Optionsn/a

Percent Trades Stocks1.00%

Percent Trades Forexn/a
 Return Statistics

Ann Return (Compnd, No Fees)4.6%
 Risk of Ruin (MonteCarlo)

Chance of 10% account loss13.00%

Chance of 20% account loss0.50%

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

Chance of 100% 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
 TradesOwnSystem Certification

Trades Own System?

TOS percentn/a
 Win / Loss

Avg Loss$662

Avg Win$258

Sum Trade PL (losers)$181,967.000
 Age

Num Months filled monthly returns table172
 Win / Loss

Sum Trade PL (winners)$265,648.000

# Winners1031

Num Months Winners41
 Dividends

Dividends Received in Model Acct7013
 Win / Loss

# Losers275

% Winners78.9%
 Frequency

Avg Position Time (mins)6064.52

Avg Position Time (hrs)101.08

Avg Trade Length4.2 days

Last Trade Ago3571
 Regression

Alpha0.00

Beta0.09

Treynor Index0.06
 Maximum Adverse Excursion (MAE)

MAE:Equity, average, all trades0.00

MAE:PL  Winning Trades  this strat Percentile of All Strats38.95

MAE:PL  worst single value for strategy

MAE:PL  Losing Trades  this strat Percentile of All Strats40.64

MAE:PL (avg, winning trades)

MAE:PL (avg, losing trades)

MAE:PL (avg, all trades)1.11

MAE:Equity, average, winning trades0.00

MAE:Equity, average, losing trades0.01

Avg(MAE) / Avg(PL)  All trades8.796

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 strat0.02

Avg(MAE) / Avg(PL)  Winning trades0.960

Avg(MAE) / Avg(PL)  Losing trades1.628

HoldandHope Ratio0.114
 Analysis based on MONTHLY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean0.00614

SD0.18953

Sharpe ratio (Glass type estimate)0.03238

Sharpe ratio (Hedges UMVUE)0.03207

df80.00000

t0.08411

p0.46659

Lowerbound of 95% confidence interval for Sharpe Ratio0.72212

Upperbound of 95% confidence interval for Sharpe Ratio0.78670

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.72234

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation0.78648
 Statistics related to Sortino ratio

Sortino ratio0.03542

Upside Potential Ratio0.76749

Upside part of mean0.13297

Downside part of mean0.12683

Upside SD0.07394

Downside SD0.17325

N nonnegative terms37.00000

N negative terms44.00000
 Statistics related to linear regression on benchmark

N of observations81.00000

Mean of predictor0.19263

Mean of criterion0.00614

SD of predictor0.27709

SD of criterion0.18953

Covariance0.02227

r0.42398

b (slope, estimate of beta)0.29000

a (intercept, estimate of alpha)0.06200

Mean Square Error0.02984

DF error79.00000

t(b)4.16088

p(b)0.99996

t(a)0.91405

p(a)0.18174

Lowerbound of 95% confidence interval for beta0.42873

Upperbound of 95% confidence interval for beta0.15127

Lowerbound of 95% confidence interval for alpha0.07301

Upperbound of 95% confidence interval for alpha0.19701

Treynor index (mean / b)0.02116

Jensen alpha (a)0.06200
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.01753

SD0.23631

Sharpe ratio (Glass type estimate)0.07420

Sharpe ratio (Hedges UMVUE)0.07350

df80.00000

t0.19277

p0.57619

Lowerbound of 95% confidence interval for Sharpe Ratio0.82847

Upperbound of 95% confidence interval for Sharpe Ratio0.68049

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.82798

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation0.68098
 Statistics related to Sortino ratio

Sortino ratio0.07840

Upside Potential Ratio0.58143

Upside part of mean0.13003

Downside part of mean0.14757

Upside SD0.07184

Downside SD0.22364

N nonnegative terms37.00000

N negative terms44.00000
 Statistics related to linear regression on benchmark

N of observations81.00000

Mean of predictor0.15385

Mean of criterion0.01753

SD of predictor0.27449

SD of criterion0.23631

Covariance0.02514

r0.38754

b (slope, estimate of beta)0.33363

a (intercept, estimate of alpha)0.03379

Mean Square Error0.04805

DF error79.00000

t(b)3.73652

p(b)0.99982

t(a)0.39531

p(a)0.34684

Lowerbound of 95% confidence interval for beta0.51135

Upperbound of 95% confidence interval for beta0.15590

Lowerbound of 95% confidence interval for alpha0.13636

Upperbound of 95% confidence interval for alpha0.20395

Treynor index (mean / b)0.05255

Jensen alpha (a)0.03379
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.10744

Expected Shortfall on VaR0.13225
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.02457

Expected Shortfall on VaR0.05752
 ORDER STATISTICS
 Quartiles of return rates

Number of observations81.00000

Minimum0.56761

Quartile 11.00000

Median1.00000

Quartile 31.01768

Maximum1.09070

Mean of quarter 10.96411

Mean of quarter 21.00000

Mean of quarter 31.00911

Mean of quarter 41.04008

Inter Quartile Range0.01768

Number outliers low5.00000

Percentage of outliers low0.06173

Mean of outliers low0.87523

Number of outliers high6.00000

Percentage of outliers high0.07407

Mean of outliers high1.06528
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)2.28947

VaR(95%) (moments method)0.00102

Expected Shortfall (moments method)0.00105

Extreme Value Index (regression method)0.61743

VaR(95%) (regression method)0.03519

Expected Shortfall (regression method)0.13470
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations5.00000

Minimum0.00013

Quartile 10.02025

Median0.04216

Quartile 30.06768

Maximum0.43239

Mean of quarter 10.01019

Mean of quarter 20.04216

Mean of quarter 30.06768

Mean of quarter 40.43239

Inter Quartile Range0.04743

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.20000

Mean of outliers high0.43239
 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)0.01075

Compounded annual return (geometric extrapolation)0.01043

Calmar ratio (compounded annual return / max draw down)0.02412

Compounded annual return / average of 25% largest draw downs0.02412

Compounded annual return / Expected Shortfall lognormal0.07885

0.00000

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

Mean0.02792

SD0.28126

Sharpe ratio (Glass type estimate)0.09928

Sharpe ratio (Hedges UMVUE)0.09924

df1771.00000

t0.25820

p0.49609

Lowerbound of 95% confidence interval for Sharpe Ratio0.65437

Upperbound of 95% confidence interval for Sharpe Ratio0.85294

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.65441

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation0.85289
 Statistics related to Sortino ratio

Sortino ratio0.12506

Upside Potential Ratio3.29845

Upside part of mean0.73652

Downside part of mean0.70860

Upside SD0.17090

Downside SD0.22329

N nonnegative terms572.00000

N negative terms1200.00000
 Statistics related to linear regression on benchmark

N of observations1772.00000

Mean of predictor0.30327

Mean of criterion0.02792

SD of predictor0.52967

SD of criterion0.28126

Covariance0.04630

r0.31079

b (slope, estimate of beta)0.16503

a (intercept, estimate of alpha)0.07800

Mean Square Error0.07151

DF error1770.00000

t(b)13.75660

p(b)0.65539

t(a)0.75786

p(a)0.49100

Lowerbound of 95% confidence interval for beta0.18856

Upperbound of 95% confidence interval for beta0.14150

Lowerbound of 95% confidence interval for alpha0.12382

Upperbound of 95% confidence interval for alpha0.27977

Treynor index (mean / b)0.16921

Jensen alpha (a)0.07798
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.01755

SD0.31455

Sharpe ratio (Glass type estimate)0.05581

Sharpe ratio (Hedges UMVUE)0.05578

df1771.00000

t0.14513

p0.50219

Lowerbound of 95% confidence interval for Sharpe Ratio0.80945

Upperbound of 95% confidence interval for Sharpe Ratio0.69784

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.80943

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation0.69786
 Statistics related to Sortino ratio

Sortino ratio0.06552

Upside Potential Ratio2.69710

Upside part of mean0.72255

Downside part of mean0.74010

Upside SD0.16468

Downside SD0.26790

N nonnegative terms572.00000

N negative terms1200.00000
 Statistics related to linear regression on benchmark

N of observations1772.00000

Mean of predictor0.16393

Mean of criterion0.01755

SD of predictor0.52821

SD of criterion0.31455

Covariance0.04934

r0.29696

b (slope, estimate of beta)0.17684

a (intercept, estimate of alpha)0.01144

Mean Square Error0.09027

DF error1770.00000

t(b)13.08370

p(b)0.64848

t(a)0.09897

p(a)0.49882

Lowerbound of 95% confidence interval for beta0.20335

Upperbound of 95% confidence interval for beta0.15033

Lowerbound of 95% confidence interval for alpha0.21519

Upperbound of 95% confidence interval for alpha0.23806

Treynor index (mean / b)0.09926

Jensen alpha (a)0.01144
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.03152

Expected Shortfall on VaR0.03933
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00731

Expected Shortfall on VaR0.01675
 ORDER STATISTICS
 Quartiles of return rates

Number of observations1772.00000

Minimum0.56300

Quartile 10.99996

Median1.00000

Quartile 31.00100

Maximum1.14709

Mean of quarter 10.98947

Mean of quarter 21.00000

Mean of quarter 31.00017

Mean of quarter 41.01121

Inter Quartile Range0.00104

Number outliers low298.00000

Percentage of outliers low0.16817

Mean of outliers low0.98468

Number of outliers high315.00000

Percentage of outliers high0.17777

Mean of outliers high1.01509
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)1.00552

VaR(95%) (moments method)0.00628

Expected Shortfall (moments method)0.00000

Extreme Value Index (regression method)0.54525

VaR(95%) (regression method)0.00747

Expected Shortfall (regression method)0.02240
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations17.00000

Minimum0.00039

Quartile 10.00517

Median0.00955

Quartile 30.05257

Maximum0.44653

Mean of quarter 10.00284

Mean of quarter 20.00804

Mean of quarter 30.03334

Mean of quarter 40.16627

Inter Quartile Range0.04739

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.05882

Mean of outliers high0.44653
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)0.83509

VaR(95%) (moments method)0.17867

Expected Shortfall (moments method)1.05869

Extreme Value Index (regression method)2.41976

VaR(95%) (regression method)0.21537

Expected Shortfall (regression method)0.00000
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.01072

Compounded annual return (geometric extrapolation)0.01041

Calmar ratio (compounded annual return / max draw down)0.02331

Compounded annual return / average of 25% largest draw downs0.06259

Compounded annual return / Expected Shortfall lognormal0.26460

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 predictor0.81066

Mean of criterion0.02791

SD of predictor0.46712

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 predictor0.69747

Mean of criterion0.02791

SD of predictor0.47981

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)6838880000000000.00000

p(a)1.00000

VAR (95 Confidence Intrvl)0.03200

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)1059320000000000120334775570399232.00000

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?434282000

Max Equity Drawdown (num days)9
 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
All orders are entered before markets open. All positions are held at least one night. Sometimes it send intraday orders to execute all positions, but this happens rarely.
Positions are opened with limit orders and closed either by limit orders (profit target) or market orders (stoploss, timeout).
All orders are sent some hours before markets open.
The risk is "dialed" to ~25% average drawdown in a $100.000 account for presentation on collective2. If you wish to increase or decrease income and profits, you may scale the trade's risk/reward ratio as desired by trading more or less per moneymanagement.
Stay disciplined !
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.
Not available
This feature isn't available under your current Trade Leader Plan.
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.