Community Risk Warning
Based on analysis of trading style, and additional community feedback, this strategy exhibits higher risk than is visible in its track record.
Among other things, you should be aware of:
 Hidden Tail Risk. The strategy has hidden "tail risk." This is the risk of unlikely, but catastrophic losses. Some strategies with tail risk can perform well for long periods of time, even years, but all gains achieved (and much more) can be lost quickly when the unlikely event occurs.
What is "Community Risk Warning?"
All trading is risky, and most traders lose money.
Beyond this general warning, there are some trading strategies that exhibit (or have demonstrated in historical performance) behavior which suggests increased risk of financial loss. These increased risks may not be immediately obvious to a casual observer of a strategy. Therefore, on occasion our software flags strategies that exhibit hidden risk.
Our members may still want to follow this strategy. Our goal is only to ensure prospective subscribers are aware of nonobvious risks of following strategies.
It's important to remember that, even if a strategy does not show a Community Risk Warning, it still may be extremely risky. A lack of this warning on other strategies does not imply those other strategies are lowrisk or appropriate for all traders.
WaveRunner
(116711157)
Subscription terms. Subscriptions to this system cost $239.00 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  

2018  +8448.5%  +82.7%  +19.9%  +40.9%  +50.6%  +5.2%  +10.7%  +11.5%  (32.7%)  (1.1%)  (79.1%)  +7078.5%  
2019  +27.6%                      +27.6%  
2020                          0.0 
2021                          0.0 
2022                          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  $1,500  
Buy Power  $174,434  
Cash  $1  
Equity  $1  
Cumulative $  $172,934  
Total System Equity  $174,434  
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 began2/25/2018

Suggested Minimum Cap$1,500

Strategy Age (days)1740.58

Age58 months ago

What it tradesFutures

# Trades127

# Profitable106

% Profitable83.50%

Avg trade duration3.9 days

Max peaktovalley drawdown89.84%

drawdown periodOct 02, 2018  Dec 26, 2018

Annual Return (Compounded)157.4%

Avg win$10,414

Avg loss$44,335
 Model Account Values (Raw)

Cash$174,434

Margin Used$0

Buying Power$174,434
 Ratios

W:L ratio1.19:1

Sharpe Ratio0.44

Sortino Ratio13.8

Calmar Ratio12.581
 CORRELATION STATISTICS

Return of Strat Pcnt  Return of SP500 Pcnt (cumu)9013.10%

Correlation to SP5000.01870

Return Percent SP500 (cumu) during strategy life43.19%
 Return Statistics

Ann Return (w trading costs)157.4%
 Slump

Current Slump as Pcnt Equity484.80%
 Instruments

Percent Trades Futures0.91%
 Slump

Current Slump, time of slump as pcnt of strategy life0.87%
 Instruments

Short Options  Percent Coveredn/a
 Return Statistics

Return Pcnt (Compound or Annual, agebased, NFA compliant)1.575%
 Instruments

Percent Trades Options0.09%

Percent Trades Stocksn/a

Percent Trades Forexn/a
 Return Statistics

Ann Return (Compnd, No Fees)170.1%
 Risk of Ruin (MonteCarlo)

Chance of 10% account loss77.00%

Chance of 20% account loss56.00%

Chance of 30% account loss47.00%

Chance of 40% account loss37.00%

Chance of 60% account loss (Monte Carlo)12.00%

Chance of 70% account loss (Monte Carlo)8.00%

Chance of 80% account loss (Monte Carlo)1.50%

Chance of 90% account loss (Monte Carlo)0.50%

Chance of 100% account loss (Monte Carlo)n/a
 Automation

Percentage Signals Automatedn/a
 Risk of Ruin (MonteCarlo)

Chance of 50% account loss25.00%
 Popularity

Popularity (Today)0

Popularity (Last 6 weeks)0
 Trading Style

Any stock shorts? 0/11
 Popularity

Popularity (7 days, Percentile 1000 scale)0
 TradesOwnSystem Certification

Trades Own System?

TOS percentn/a
 Win / Loss

Avg Loss$44,335

Avg Win$10,415

Sum Trade PL (losers)$931,038.000
 Age

Num Months filled monthly returns table59
 Win / Loss

Sum Trade PL (winners)$1,103,970.000

# Winners106

Num Months Winners9
 Dividends

Dividends Received in Model Acct0
 Win / Loss

# Losers21

% Winners83.5%
 Frequency

Avg Position Time (mins)5666.77

Avg Position Time (hrs)94.45

Avg Trade Length3.9 days

Last Trade Ago1422
 Regression

Alpha1.51

Beta0.91

Treynor Index1.65
 Maximum Adverse Excursion (MAE)

MAE:Equity, average, all trades0.08

MAE:PL  Winning Trades  this strat Percentile of All Strats92.42

MAE:PL  worst single value for strategy

MAE:PL  Losing Trades  this strat Percentile of All Strats75.89

MAE:PL (avg, winning trades)

MAE:PL (avg, losing trades)

MAE:PL (avg, all trades)7.51

MAE:Equity, average, winning trades0.02

MAE:Equity, average, losing trades0.32

Avg(MAE) / Avg(PL)  All trades7.583

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 strat1.51

Avg(MAE) / Avg(PL)  Winning trades1.408

Avg(MAE) / Avg(PL)  Losing trades2.185

HoldandHope Ratio0.132
 Analysis based on MONTHLY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean34.12420

SD40.04920

Sharpe ratio (Glass type estimate)0.85206

Sharpe ratio (Hedges UMVUE)0.81137

df16.00000

t1.01415

p0.37712

Lowerbound of 95% confidence interval for Sharpe Ratio0.83328

Upperbound of 95% confidence interval for Sharpe Ratio2.51182

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.85915

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation2.48189
 Statistics related to Sortino ratio

Sortino ratio46.37270

Upside Potential Ratio47.54750

Upside part of mean34.98870

Downside part of mean0.86450

Upside SD40.07600

Downside SD0.73587

N nonnegative terms9.00000

N negative terms8.00000
 Statistics related to linear regression on benchmark

N of observations17.00000

Mean of predictor0.28407

Mean of criterion34.12420

SD of predictor0.38423

SD of criterion40.04920

Covariance3.07200

r0.19963

b (slope, estimate of beta)20.80790

a (intercept, estimate of alpha)40.03500

Mean Square Error1642.69000

DF error15.00000

t(b)0.78905

p(b)0.62624

t(a)1.14824

p(a)0.32151

Lowerbound of 95% confidence interval for beta77.01570

Upperbound of 95% confidence interval for beta35.39980

Lowerbound of 95% confidence interval for alpha34.28080

Upperbound of 95% confidence interval for alpha114.35100

Treynor index (mean / b)1.63996

Jensen alpha (a)40.03500
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean2.47946

SD3.56866

Sharpe ratio (Glass type estimate)0.69479

Sharpe ratio (Hedges UMVUE)0.66161

df16.00000

t0.82696

p0.39877

Lowerbound of 95% confidence interval for Sharpe Ratio0.97967

Upperbound of 95% confidence interval for Sharpe Ratio2.34818

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.00096

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation2.32419
 Statistics related to Sortino ratio

Sortino ratio2.00397

Upside Potential Ratio3.13423

Upside part of mean3.87791

Downside part of mean1.39845

Upside SD3.31175

Downside SD1.23728

N nonnegative terms9.00000

N negative terms8.00000
 Statistics related to linear regression on benchmark

N of observations17.00000

Mean of predictor0.22104

Mean of criterion2.47946

SD of predictor0.34529

SD of criterion3.56866

Covariance0.06977

r0.05662

b (slope, estimate of beta)0.58518

a (intercept, estimate of alpha)2.60881

Mean Square Error13.54080

DF error15.00000

t(b)0.21964

p(b)0.53603

t(a)0.82892

p(a)0.36774

Lowerbound of 95% confidence interval for beta6.26397

Upperbound of 95% confidence interval for beta5.09360

Lowerbound of 95% confidence interval for alpha4.09935

Upperbound of 95% confidence interval for alpha9.31697

Treynor index (mean / b)4.23707

Jensen alpha (a)2.60881
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.77415

Expected Shortfall on VaR0.84382
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.15456

Expected Shortfall on VaR0.34562
 ORDER STATISTICS
 Quartiles of return rates

Number of observations17.00000

Minimum0.26629

Quartile 11.00000

Median1.07370

Quartile 31.19233

Maximum48.69530

Mean of quarter 10.75878

Mean of quarter 21.01842

Mean of quarter 31.14494

Mean of quarter 413.23370

Inter Quartile Range0.19233

Number outliers low2.00000

Percentage of outliers low0.11765

Mean of outliers low0.39696

Number of outliers high2.00000

Percentage of outliers high0.11765

Mean of outliers high25.16400
 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)1.85407

VaR(95%) (regression method)0.96470

Expected Shortfall (regression method)1.04001
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations1.00000

Minimum0.81489

Quartile 10.81489

Median0.81489

Quartile 30.81489

Maximum0.81489

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

Expected Shortfall (regression method)0.00000
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)23.92010

Compounded annual return (geometric extrapolation)11.27260

Calmar ratio (compounded annual return / max draw down)13.83330

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

Compounded annual return / Expected Shortfall lognormal13.35910

0.00000

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

Mean15.12360

SD17.43650

Sharpe ratio (Glass type estimate)0.86735

Sharpe ratio (Hedges UMVUE)0.86563

df378.00000

t1.04319

p0.14876

Lowerbound of 95% confidence interval for Sharpe Ratio0.76396

Upperbound of 95% confidence interval for Sharpe Ratio2.49758

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.76513

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation2.49639
 Statistics related to Sortino ratio

Sortino ratio27.02450

Upside Potential Ratio31.80420

Upside part of mean17.79840

Downside part of mean2.67486

Upside SD17.42950

Downside SD0.55963

N nonnegative terms125.00000

N negative terms254.00000
 Statistics related to linear regression on benchmark

N of observations379.00000

Mean of predictor0.29204

Mean of criterion15.12360

SD of predictor0.35294

SD of criterion17.43650

Covariance0.16532

r0.02686

b (slope, estimate of beta)1.32716

a (intercept, estimate of alpha)15.51100

Mean Square Error304.61700

DF error377.00000

t(b)0.52178

p(b)0.69894

t(a)1.06750

p(a)0.14322

Lowerbound of 95% confidence interval for beta6.32841

Upperbound of 95% confidence interval for beta3.67409

Lowerbound of 95% confidence interval for alpha13.05960

Upperbound of 95% confidence interval for alpha44.08190

Treynor index (mean / b)11.39540

Jensen alpha (a)15.51120
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean2.42764

SD2.70070

Sharpe ratio (Glass type estimate)0.89889

Sharpe ratio (Hedges UMVUE)0.89711

df378.00000

t1.08113

p0.14017

Lowerbound of 95% confidence interval for Sharpe Ratio0.73255

Upperbound of 95% confidence interval for Sharpe Ratio2.52916

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.73374

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation2.52795
 Statistics related to Sortino ratio

Sortino ratio3.96254

Upside Potential Ratio8.61634

Upside part of mean5.27878

Downside part of mean2.85114

Upside SD2.63091

Downside SD0.61265

N nonnegative terms125.00000

N negative terms254.00000
 Statistics related to linear regression on benchmark

N of observations379.00000

Mean of predictor0.22841

Mean of criterion2.42764

SD of predictor0.35895

SD of criterion2.70070

Covariance0.00794

r0.00819

b (slope, estimate of beta)0.06159

a (intercept, estimate of alpha)2.41357

Mean Square Error7.31265

DF error377.00000

t(b)0.15896

p(b)0.43689

t(a)1.07264

p(a)0.14206

Lowerbound of 95% confidence interval for beta0.70031

Upperbound of 95% confidence interval for beta0.82350

Lowerbound of 95% confidence interval for alpha2.01078

Upperbound of 95% confidence interval for alpha6.83792

Treynor index (mean / b)39.41320

Jensen alpha (a)2.41357
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.23293

Expected Shortfall on VaR0.28325
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.02763

Expected Shortfall on VaR0.06065
 ORDER STATISTICS
 Quartiles of return rates

Number of observations379.00000

Minimum0.75786

Quartile 11.00000

Median1.00000

Quartile 31.00663

Maximum21.95000

Mean of quarter 10.95955

Mean of quarter 21.00000

Mean of quarter 31.00129

Mean of quarter 41.26988

Inter Quartile Range0.00663

Number outliers low54.00000

Percentage of outliers low0.14248

Mean of outliers low0.93208

Number of outliers high58.00000

Percentage of outliers high0.15303

Mean of outliers high1.43536
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.57971

VaR(95%) (moments method)0.00618

Expected Shortfall (moments method)0.01930

Extreme Value Index (regression method)0.38393

VaR(95%) (regression method)0.03497

Expected Shortfall (regression method)0.08384
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations18.00000

Minimum0.00023

Quartile 10.00555

Median0.01915

Quartile 30.04446

Maximum0.84673

Mean of quarter 10.00259

Mean of quarter 20.00849

Mean of quarter 30.03367

Mean of quarter 40.22412

Inter Quartile Range0.03891

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.05556

Mean of outliers high0.84673
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)1.06696

VaR(95%) (moments method)0.22939

Expected Shortfall (moments method)0.00000

Extreme Value Index (regression method)1.95650

VaR(95%) (regression method)0.28702

Expected Shortfall (regression method)0.00000
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)23.42570

Compounded annual return (geometric extrapolation)10.65280

Calmar ratio (compounded annual return / max draw down)12.58110

Compounded annual return / average of 25% largest draw downs47.53060

Compounded annual return / Expected Shortfall lognormal37.60880

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 predictor0.80747

Mean of criterion0.02791

SD of predictor0.55119

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 predictor0.65157

Mean of criterion0.02791

SD of predictor0.56285

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)6848980000000000.00000

p(a)1.00000

VAR (95 Confidence Intrvl)0.23300

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)696230000000000055719304636661760.00000

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?333602000

Max Equity Drawdown (num days)85
 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
Suggested scale factors: 50k60k 10%; 90k110k 20%; 200k 40%, 500k 100%.
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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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.