Collective2 LLC is a member of the National Futures Association (NFA).
All results are hypothetical.
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 under-or over-compensated 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.
Remember: trading is risky. You can lose money. Past results are not necessarily indicative of future results.
Futures and forex trading is not appropriate for everyone.
* About "Live Capital"
What does it mean to say a trading strategy is followed by real capital, when we also clearly state that results are hypothetical? Good question.
It means that at the moment this email was generated, there was indeed actual live capital following the trade signals (i.e. the buys and sells) generated by the strategy. (The dollar amount represents the unadjusted dollars-at-risk following the strategy. I.E. If we write that $1,000 of live capital is following a strategy, then if that strategy Model Account drops to zero value, $1000 would be lost by real-life traders.)
While there is real-life capital following the strategy, being put at risk by real people, in real brokerage accounts, you still need to remember that the trading results portrayed here are hypothetical. This means in particular that there is no single real-life trading account that looks exactly like the track record shown here.
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 re-scaled downward to make current go-forward 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 per-trade 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.