StocksStratQP
(130251694)
Subscription terms. Subscriptions to this system cost $49.00 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.
Trendfollowing
Tries to take advantage of long, medium or shortterm moves that seem to play out in various markets. Typically, trendfollowing analysis is backward looking; that is, it attempts to recognize and profit from alreadyestablished trends.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  

2020  +1.2%  +12.1%  (10.4%)  +11.3%  +100.6%  (34.6%)  +48.4%  
2021  +101.2%  (51.2%)  (37.1%)  (33.6%)  (56%)          (82%) 
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  $20,000  
Buy Power  $6,444  
Cash  $6,444  
Equity  $0  
Cumulative $  ($13,556)  
Total System Equity  $6,444  
Margined  $0  
Open P/L  $0 
Trading Record
Statistics

Strategy began7/23/2020

Suggested Minimum Cap$15,000

Strategy Age (days)425.96

Age14 months ago

What it tradesStocks

# Trades55

# Profitable42

% Profitable76.40%

Avg trade duration25.9 days

Max peaktovalley drawdown100%

drawdown periodJuly 31, 2020  Feb 23, 2021

Annual Return (Compounded)67.5%

Avg win$387.38

Avg loss$2,294
 Model Account Values (Raw)

Cash$6,444

Margin Used$0

Buying Power$6,444
 Ratios

W:L ratio0.55:1

Sharpe Ratio0.49

Sortino Ratio0.75

Calmar Ratio0.807
 CORRELATION STATISTICS

Return of Strat Pcnt  Return of SP500 Pcnt (cumu)109.11%

Correlation to SP5000.18140

Return Percent SP500 (cumu) during strategy life37.32%
 Return Statistics

Ann Return (w trading costs)67.5%
 Slump

Current Slump as Pcnt Equity1310.40%
 Instruments

Percent Trades Futuresn/a
 Slump

Current Slump, time of slump as pcnt of strategy life0.56%
 Instruments

Short Options  Percent Covered100.00%
 Return Statistics

Return Pcnt (Compound or Annual, agebased, NFA compliant)0.675%
 Instruments

Percent Trades Optionsn/a

Percent Trades Stocks1.00%

Percent Trades Forexn/a
 Return Statistics

Ann Return (Compnd, No Fees)61.6%
 Risk of Ruin (MonteCarlo)

Chance of 10% account loss100.00%

Chance of 20% account loss100.00%

Chance of 30% account loss100.00%

Chance of 40% account loss100.00%

Chance of 60% account loss (Monte Carlo)100.00%

Chance of 70% account loss (Monte Carlo)100.00%

Chance of 80% account loss (Monte Carlo)100.00%

Chance of 90% account loss (Monte Carlo)100.00%

Chance of 100% account loss (Monte Carlo)100.00%
 Automation

Percentage Signals Automatedn/a
 Risk of Ruin (MonteCarlo)

Chance of 50% account loss100.00%
 Popularity

Popularity (Today)0

Popularity (Last 6 weeks)317
 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$2,294

Avg Win$387

Sum Trade PL (losers)$29,826.000
 Age

Num Months filled monthly returns table15
 Win / Loss

Sum Trade PL (winners)$16,270.000

# Winners42

Num Months Winners5
 Dividends

Dividends Received in Model Acct0
 Win / Loss

# Losers13

% Winners76.4%
 Frequency

Avg Position Time (mins)37331.90

Avg Position Time (hrs)622.20

Avg Trade Length25.9 days

Last Trade Ago134
 Leverage

Daily leverage (average)1.17

Daily leverage (max)2.34
 Regression

Alpha0.27

Beta1.25

Treynor Index0.15
 Maximum Adverse Excursion (MAE)

MAE:Equity, average, all trades0.05

MAE:PL  worst single value for strategy

MAE:PL (avg, winning trades)

MAE:PL (avg, losing trades)

MAE:PL (avg, all trades)0.74

MAE:Equity, average, winning trades0.01

MAE:Equity, average, losing trades0.19

Avg(MAE) / Avg(PL)  All trades3.189

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 strat0.37

Avg(MAE) / Avg(PL)  Winning trades0.447

Avg(MAE) / Avg(PL)  Losing trades1.220

HoldandHope Ratio0.314
 Analysis based on MONTHLY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean0.51290

SD1.13014

Sharpe ratio (Glass type estimate)0.45384

Sharpe ratio (Hedges UMVUE)0.41475

df9.00000

t0.41430

p0.65582

Lowerbound of 95% confidence interval for Sharpe Ratio2.59851

Upperbound of 95% confidence interval for Sharpe Ratio1.71538

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation2.57032

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.74081
 Statistics related to Sortino ratio

Sortino ratio0.54208

Upside Potential Ratio1.27287

Upside part of mean1.20436

Downside part of mean1.71726

Upside SD0.52550

Downside SD0.94618

N nonnegative terms6.00000

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

N of observations10.00000

Mean of predictor0.37712

Mean of criterion0.51290

SD of predictor0.13309

SD of criterion1.13014

Covariance0.04511

r0.29989

b (slope, estimate of beta)2.54645

a (intercept, estimate of alpha)1.47323

Mean Square Error1.30764

DF error8.00000

t(b)0.88913

p(b)0.19994

t(a)0.89071

p(a)0.80046

Lowerbound of 95% confidence interval for beta4.05791

Upperbound of 95% confidence interval for beta9.15080

Lowerbound of 95% confidence interval for alpha5.28737

Upperbound of 95% confidence interval for alpha2.34091

Treynor index (mean / b)0.20142

Jensen alpha (a)1.47323
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean1.38738

SD1.50963

Sharpe ratio (Glass type estimate)0.91902

Sharpe ratio (Hedges UMVUE)0.83987

df9.00000

t0.83895

p0.78839

Lowerbound of 95% confidence interval for Sharpe Ratio3.08228

Upperbound of 95% confidence interval for Sharpe Ratio1.29252

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation3.02168

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.34194
 Statistics related to Sortino ratio

Sortino ratio0.98281

Upside Potential Ratio0.76760

Upside part of mean1.08357

Downside part of mean2.47095

Upside SD0.46769

Downside SD1.41165

N nonnegative terms6.00000

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

N of observations10.00000

Mean of predictor0.36275

Mean of criterion1.38738

SD of predictor0.13212

SD of criterion1.50963

Covariance0.06051

r0.30338

b (slope, estimate of beta)3.46634

a (intercept, estimate of alpha)2.64479

Mean Square Error2.32788

DF error8.00000

t(b)0.90052

p(b)0.19707

t(a)1.21439

p(a)0.87039

Lowerbound of 95% confidence interval for beta5.41007

Upperbound of 95% confidence interval for beta12.34270

Lowerbound of 95% confidence interval for alpha7.66699

Upperbound of 95% confidence interval for alpha2.37741

Treynor index (mean / b)0.40024

Jensen alpha (a)2.64479
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.56501

Expected Shortfall on VaR0.63300
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.28828

Expected Shortfall on VaR0.56140
 ORDER STATISTICS
 Quartiles of return rates

Number of observations10.00000

Minimum0.35165

Quartile 10.78495

Median1.04672

Quartile 31.18608

Maximum1.29665

Mean of quarter 10.52609

Mean of quarter 21.00978

Mean of quarter 31.10918

Mean of quarter 41.25989

Inter Quartile Range0.40113

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)9.81701

VaR(95%) (moments method)0.49919

Expected Shortfall (moments method)0.49919

Extreme Value Index (regression method)1.30623

VaR(95%) (regression method)0.74991

Expected Shortfall (regression method)0.78201
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations1.00000

Minimum0.87124

Quartile 10.87124

Median0.87124

Quartile 30.87124

Maximum0.87124

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)0.81348

Compounded annual return (geometric extrapolation)0.74320

Calmar ratio (compounded annual return / max draw down)0.85304

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

Compounded annual return / Expected Shortfall lognormal1.17410

0.00000

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

Mean0.65169

SD1.19521

Sharpe ratio (Glass type estimate)0.54525

Sharpe ratio (Hedges UMVUE)0.54341

df222.00000

t0.50304

p0.69228

Lowerbound of 95% confidence interval for Sharpe Ratio2.66974

Upperbound of 95% confidence interval for Sharpe Ratio1.58037

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation2.66846

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation1.58164
 Statistics related to Sortino ratio

Sortino ratio0.81504

Upside Potential Ratio6.78881

Upside part of mean5.42820

Downside part of mean6.07989

Upside SD0.88566

Downside SD0.79958

N nonnegative terms83.00000

N negative terms140.00000
 Statistics related to linear regression on benchmark

N of observations223.00000

Mean of predictor0.34670

Mean of criterion0.65169

SD of predictor0.17035

SD of criterion1.19521

Covariance0.03714

r0.18240

b (slope, estimate of beta)1.27974

a (intercept, estimate of alpha)1.09500

Mean Square Error1.38724

DF error221.00000

t(b)2.75786

p(b)0.00315

t(a)0.85128

p(a)0.80223

Lowerbound of 95% confidence interval for beta0.36524

Upperbound of 95% confidence interval for beta2.19423

Lowerbound of 95% confidence interval for alpha3.63126

Upperbound of 95% confidence interval for alpha1.44050

Treynor index (mean / b)0.50924

Jensen alpha (a)1.09538
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean1.35893

SD1.19194

Sharpe ratio (Glass type estimate)1.14010

Sharpe ratio (Hedges UMVUE)1.13624

df222.00000

t1.05183

p0.85299

Lowerbound of 95% confidence interval for Sharpe Ratio3.26591

Upperbound of 95% confidence interval for Sharpe Ratio0.98828

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation3.26332

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation0.99083
 Statistics related to Sortino ratio

Sortino ratio1.54468

Upside Potential Ratio5.77762

Upside part of mean5.08283

Downside part of mean6.44176

Upside SD0.80464

Downside SD0.87975

N nonnegative terms83.00000

N negative terms140.00000
 Statistics related to linear regression on benchmark

N of observations223.00000

Mean of predictor0.33205

Mean of criterion1.35893

SD of predictor0.16994

SD of criterion1.19194

Covariance0.03456

r0.17062

b (slope, estimate of beta)1.19667

a (intercept, estimate of alpha)1.75629

Mean Square Error1.38561

DF error221.00000

t(b)2.57413

p(b)0.00535

t(a)1.36654

p(a)0.91342

Lowerbound of 95% confidence interval for beta0.28050

Upperbound of 95% confidence interval for beta2.11283

Lowerbound of 95% confidence interval for alpha4.28912

Upperbound of 95% confidence interval for alpha0.77655

Treynor index (mean / b)1.13560

Jensen alpha (a)1.75629
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.11866

Expected Shortfall on VaR0.14505
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.06134

Expected Shortfall on VaR0.11880
 ORDER STATISTICS
 Quartiles of return rates

Number of observations223.00000

Minimum0.68986

Quartile 10.97179

Median1.00000

Quartile 31.01431

Maximum1.37611

Mean of quarter 10.91918

Mean of quarter 20.98867

Mean of quarter 31.00320

Mean of quarter 41.07952

Inter Quartile Range0.04251

Number outliers low16.00000

Percentage of outliers low0.07175

Mean of outliers low0.85425

Number of outliers high18.00000

Percentage of outliers high0.08072

Mean of outliers high1.16877
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.03365

VaR(95%) (moments method)0.06927

Expected Shortfall (moments method)0.09350

Extreme Value Index (regression method)0.02169

VaR(95%) (regression method)0.08293

Expected Shortfall (regression method)0.11829
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations8.00000

Minimum0.00296

Quartile 10.01175

Median0.05546

Quartile 30.32612

Maximum0.91229

Mean of quarter 10.00497

Mean of quarter 20.02577

Mean of quarter 30.18473

Mean of quarter 40.66327

Inter Quartile Range0.31437

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.12500

Mean of outliers high0.91229
 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)0.79646

Compounded annual return (geometric extrapolation)0.73579

Calmar ratio (compounded annual return / max draw down)0.80654

Compounded annual return / average of 25% largest draw downs1.10934

Compounded annual return / Expected Shortfall lognormal5.07269

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

Mean2.41958

SD1.31594

Sharpe ratio (Glass type estimate)1.83867

Sharpe ratio (Hedges UMVUE)1.82805

df130.00000

t1.30014

p0.55665

Lowerbound of 95% confidence interval for Sharpe Ratio4.61597

Upperbound of 95% confidence interval for Sharpe Ratio0.94552

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation4.60874

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation0.95265
 Statistics related to Sortino ratio

Sortino ratio2.55389

Upside Potential Ratio5.30313

Upside part of mean5.02422

Downside part of mean7.44380

Upside SD0.91828

Downside SD0.94741

N nonnegative terms33.00000

N negative terms98.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.31526

Mean of criterion2.41958

SD of predictor0.14579

SD of criterion1.31594

Covariance0.01812

r0.09444

b (slope, estimate of beta)0.85246

a (intercept, estimate of alpha)2.68833

Mean Square Error1.72955

DF error129.00000

t(b)1.07749

p(b)0.43996

t(a)1.43262

p(a)0.57946

Lowerbound of 95% confidence interval for beta0.71286

Upperbound of 95% confidence interval for beta2.41779

Lowerbound of 95% confidence interval for alpha6.40106

Upperbound of 95% confidence interval for alpha1.02440

Treynor index (mean / b)2.83834

Jensen alpha (a)2.68833
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean3.30139

SD1.32822

Sharpe ratio (Glass type estimate)2.48558

Sharpe ratio (Hedges UMVUE)2.47121

df130.00000

t1.75757

p0.57617

Lowerbound of 95% confidence interval for Sharpe Ratio5.26907

Upperbound of 95% confidence interval for Sharpe Ratio0.30726

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation5.25925

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation0.31682
 Statistics related to Sortino ratio

Sortino ratio3.13621

Upside Potential Ratio4.42425

Upside part of mean4.65727

Downside part of mean7.95866

Upside SD0.82715

Downside SD1.05267

N nonnegative terms33.00000

N negative terms98.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.30454

Mean of criterion3.30139

SD of predictor0.14541

SD of criterion1.32822

Covariance0.01828

r0.09466

b (slope, estimate of beta)0.86464

a (intercept, estimate of alpha)3.56470

Mean Square Error1.76190

DF error129.00000

t(b)1.07996

p(b)0.43983

t(a)1.88315

p(a)0.60367

VAR (95 Confidence Intrvl)0.11900

Lowerbound of 95% confidence interval for beta0.71942

Upperbound of 95% confidence interval for beta2.44870

Lowerbound of 95% confidence interval for alpha7.30995

Upperbound of 95% confidence interval for alpha0.18054

Treynor index (mean / b)3.81821

Jensen alpha (a)3.56470
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.13720

Expected Shortfall on VaR0.16590
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.08324

Expected Shortfall on VaR0.15566
 ORDER STATISTICS
 Quartiles of return rates

Number of observations131.00000

Minimum0.68986

Quartile 10.96004

Median1.00000

Quartile 31.00241

Maximum1.37611

Mean of quarter 10.90305

Mean of quarter 20.98448

Mean of quarter 31.00000

Mean of quarter 41.07623

Inter Quartile Range0.04237

Number outliers low9.00000

Percentage of outliers low0.06870

Mean of outliers low0.82485

Number of outliers high13.00000

Percentage of outliers high0.09924

Mean of outliers high1.15713
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.11461

VaR(95%) (moments method)0.09362

Expected Shortfall (moments method)0.13478

Extreme Value Index (regression method)0.10778

VaR(95%) (regression method)0.09822

Expected Shortfall (regression method)0.14180
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations3.00000

Minimum0.02507

Quartile 10.13244

Median0.23980

Quartile 30.57605

Maximum0.91229

Mean of quarter 10.02507

Mean of quarter 20.23980

Mean of quarter 30.00000

Mean of quarter 40.91229

Inter Quartile Range0.44361

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?289756000

Max Equity Drawdown (num days)207
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)1.61077

Compounded annual return (geometric extrapolation)0.96213

Calmar ratio (compounded annual return / max draw down)1.05463

Compounded annual return / average of 25% largest draw downs1.05463

Compounded annual return / Expected Shortfall lognormal5.79938
Strategy Description
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.