NQ Positional
(128871252)
Subscription terms. Subscriptions to this system cost $149.00 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
Buys when price goes up, and sells when price goes down, expecting price movements to continue. There are a number of different techniques and timeframes used, including moving averages and channel breakouts. Traders do not aim to forecast specific price levels; they simply jump on a trend and ride it. Typically, trendfollowing analysis is backward looking; that is, it attempts to recognize and profit from alreadyestablished trends.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  +2.3%  +9.0%  +30.8%  +19.1%  +2.2%  +5.7%  +6.8%  +3.5%  +107.2%  
2021    (0.6%)  (0.7%)  +9.6%  (6.1%)  +20.6%  +8.0%  +2.2%  (11.5%)  +16.5%  +11.6%  +55.6% 
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  $45,000  
Buy Power  $149,538  
Cash  $149,538  
Equity  $0  
Cumulative $  $104,538  
Total System Equity  $149,538  
Margined  $0  
Open P/L  $0 
Trading Record
Statistics

Strategy began5/5/2020

Suggested Minimum Cap$100,000

Strategy Age (days)571.67

Age19 months ago

What it tradesFutures

# Trades80

# Profitable39

% Profitable48.80%

Avg trade duration4.4 days

Max peaktovalley drawdown19.97%

drawdown periodSept 06, 2021  Oct 13, 2021

Annual Return (Compounded)110.3%

Avg win$4,748

Avg loss$1,967
 Model Account Values (Raw)

Cash$149,538

Margin Used$0

Buying Power$149,538
 Ratios

W:L ratio2.30:1

Sharpe Ratio2.53

Sortino Ratio4.25

Calmar Ratio6.542
 CORRELATION STATISTICS

Return of Strat Pcnt  Return of SP500 Pcnt (cumu)162.15%

Correlation to SP5000.33600

Return Percent SP500 (cumu) during strategy life60.18%
 Return Statistics

Ann Return (w trading costs)110.3%
 Slump

Current Slump as Pcnt Equity6.00%
 Instruments

Percent Trades Futures1.00%
 Slump

Current Slump, time of slump as pcnt of strategy life0.01%
 Instruments

Short Options  Percent Covered100.00%
 Return Statistics

Return Pcnt (Compound or Annual, agebased, NFA compliant)1.103%
 Instruments

Percent Trades Optionsn/a

Percent Trades Stocksn/a

Percent Trades Forexn/a
 Return Statistics

Ann Return (Compnd, No Fees)115.0%
 Risk of Ruin (MonteCarlo)

Chance of 10% account loss15.00%

Chance of 20% account loss3.00%

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
 Automation

Percentage Signals Automated97.88%
 Risk of Ruin (MonteCarlo)

Chance of 50% account lossn/a
 Popularity

Popularity (Today)954

Popularity (Last 6 weeks)985
 Trading Style

Any stock shorts? 0/10
 Popularity

C2 Score996

Popularity (7 days, Percentile 1000 scale)976
 Management

No Subs Allowed Flag (1: no subs)0

Strat abandoned?0
 TradesOwnSystem Certification

Trades Own System?

TOS percentn/a
 Win / Loss

Avg Loss$1,968

Avg Win$4,749

Sum Trade PL (losers)$80,668.000
 AUM

AUM (AutoTrader num accounts)9
 Age

Num Months filled monthly returns table19
 Win / Loss

Sum Trade PL (winners)$185,206.000

# Winners39

Num Months Winners15
 Dividends

Dividends Received in Model Acct0
 AUM

AUM (AutoTrader live capital)1635580
 Win / Loss

# Losers41

% Winners48.8%
 Frequency

Avg Position Time (mins)6349.98

Avg Position Time (hrs)105.83

Avg Trade Length4.4 days

Last Trade Ago2
 Leverage

Daily leverage (average)2.78

Daily leverage (max)5.93
 Regression

Alpha0.17

Beta0.55

Treynor Index0.39
 Maximum Adverse Excursion (MAE)

MAE:Equity, average, all trades0.01

MAE:PL  worst single value for strategy

MAE:PL (avg, winning trades)

MAE:PL (avg, losing trades)

MAE:PL (avg, all trades)0.17

MAE:Equity, average, winning trades0.01

MAE:Equity, average, losing trades0.02

Avg(MAE) / Avg(PL)  All trades0.939

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 trades0.113

Avg(MAE) / Avg(PL)  Losing trades0.950

HoldandHope Ratio1.065
 Analysis based on MONTHLY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean0.87951

SD0.39572

Sharpe ratio (Glass type estimate)2.22257

Sharpe ratio (Hedges UMVUE)2.12280

df17.00000

t2.72208

p0.16790

Lowerbound of 95% confidence interval for Sharpe Ratio0.43210

Upperbound of 95% confidence interval for Sharpe Ratio3.95947

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.37063

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.87497
 Statistics related to Sortino ratio

Sortino ratio6.81296

Upside Potential Ratio8.18711

Upside part of mean1.05690

Downside part of mean0.17739

Upside SD0.44237

Downside SD0.12909

N nonnegative terms14.00000

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

N of observations18.00000

Mean of predictor0.30870

Mean of criterion0.87951

SD of predictor0.10487

SD of criterion0.39572

Covariance0.02431

r0.58572

b (slope, estimate of beta)2.21018

a (intercept, estimate of alpha)0.19722

Mean Square Error0.10930

DF error16.00000

t(b)2.89060

p(b)0.20714

t(a)0.55000

p(a)0.43189

Lowerbound of 95% confidence interval for beta0.58928

Upperbound of 95% confidence interval for beta3.83107

Lowerbound of 95% confidence interval for alpha0.56294

Upperbound of 95% confidence interval for alpha0.95738

Treynor index (mean / b)0.39794

Jensen alpha (a)0.19722
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.78358

SD0.36554

Sharpe ratio (Glass type estimate)2.14365

Sharpe ratio (Hedges UMVUE)2.04742

df17.00000

t2.62542

p0.17530

Lowerbound of 95% confidence interval for Sharpe Ratio0.36475

Upperbound of 95% confidence interval for Sharpe Ratio3.87030

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.30542

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.78943
 Statistics related to Sortino ratio

Sortino ratio5.72300

Upside Potential Ratio7.08132

Upside part of mean0.96956

Downside part of mean0.18598

Upside SD0.39826

Downside SD0.13692

N nonnegative terms14.00000

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

N of observations18.00000

Mean of predictor0.29919

Mean of criterion0.78358

SD of predictor0.10190

SD of criterion0.36554

Covariance0.02276

r0.61099

b (slope, estimate of beta)2.19181

a (intercept, estimate of alpha)0.12781

Mean Square Error0.08897

DF error16.00000

t(b)3.08724

p(b)0.19450

t(a)0.39548

p(a)0.45081

Lowerbound of 95% confidence interval for beta0.68677

Upperbound of 95% confidence interval for beta3.69686

Lowerbound of 95% confidence interval for alpha0.55727

Upperbound of 95% confidence interval for alpha0.81288

Treynor index (mean / b)0.35750

Jensen alpha (a)0.12781
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.10261

Expected Shortfall on VaR0.14067
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.01799

Expected Shortfall on VaR0.04511
 ORDER STATISTICS
 Quartiles of return rates

Number of observations18.00000

Minimum0.86631

Quartile 11.01047

Median1.06818

Quartile 31.14487

Maximum1.31601

Mean of quarter 10.95060

Mean of quarter 21.04202

Mean of quarter 31.07941

Mean of quarter 41.22449

Inter Quartile Range0.13440

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)0.01208

VaR(95%) (regression method)0.08569

Expected Shortfall (regression method)0.14194
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations3.00000

Minimum0.05753

Quartile 10.06112

Median0.06471

Quartile 30.09920

Maximum0.13369

Mean of quarter 10.05753

Mean of quarter 20.06471

Mean of quarter 30.00000

Mean of quarter 40.13369

Inter Quartile Range0.03808

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)1.58522

Compounded annual return (geometric extrapolation)1.25125

Calmar ratio (compounded annual return / max draw down)9.35915

Compounded annual return / average of 25% largest draw downs9.35915

Compounded annual return / Expected Shortfall lognormal8.89470

0.00000

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

Mean0.78856

SD0.25428

Sharpe ratio (Glass type estimate)3.10115

Sharpe ratio (Hedges UMVUE)3.09540

df405.00000

t3.86042

p0.00007

Lowerbound of 95% confidence interval for Sharpe Ratio1.51041

Upperbound of 95% confidence interval for Sharpe Ratio4.68816

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.50656

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.68424
 Statistics related to Sortino ratio

Sortino ratio5.60093

Upside Potential Ratio12.86550

Upside part of mean1.81134

Downside part of mean1.02278

Upside SD0.21691

Downside SD0.14079

N nonnegative terms199.00000

N negative terms207.00000
 Statistics related to linear regression on benchmark

N of observations406.00000

Mean of predictor0.28867

Mean of criterion0.78856

SD of predictor0.15713

SD of criterion0.25428

Covariance0.01326

r0.33180

b (slope, estimate of beta)0.53694

a (intercept, estimate of alpha)0.63400

Mean Square Error0.05768

DF error404.00000

t(b)7.06970

p(b)0.00000

t(a)3.26282

p(a)0.00060

Lowerbound of 95% confidence interval for beta0.38763

Upperbound of 95% confidence interval for beta0.68624

Lowerbound of 95% confidence interval for alpha0.25184

Upperbound of 95% confidence interval for alpha1.01527

Treynor index (mean / b)1.46861

Jensen alpha (a)0.63355
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.75540

SD0.25254

Sharpe ratio (Glass type estimate)2.99118

Sharpe ratio (Hedges UMVUE)2.98564

df405.00000

t3.72353

p0.00011

Lowerbound of 95% confidence interval for Sharpe Ratio1.40148

Upperbound of 95% confidence interval for Sharpe Ratio4.57727

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.39779

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.57348
 Statistics related to Sortino ratio

Sortino ratio5.28865

Upside Potential Ratio12.51920

Upside part of mean1.78818

Downside part of mean1.03278

Upside SD0.21307

Downside SD0.14283

N nonnegative terms199.00000

N negative terms207.00000
 Statistics related to linear regression on benchmark

N of observations406.00000

Mean of predictor0.27611

Mean of criterion0.75540

SD of predictor0.15775

SD of criterion0.25254

Covariance0.01323

r0.33202

b (slope, estimate of beta)0.53154

a (intercept, estimate of alpha)0.60863

Mean Square Error0.05689

DF error404.00000

t(b)7.07493

p(b)0.00000

t(a)3.15813

p(a)0.00085

Lowerbound of 95% confidence interval for beta0.38384

Upperbound of 95% confidence interval for beta0.67923

Lowerbound of 95% confidence interval for alpha0.22978

Upperbound of 95% confidence interval for alpha0.98749

Treynor index (mean / b)1.42116

Jensen alpha (a)0.60863
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.02252

Expected Shortfall on VaR0.02886
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00904

Expected Shortfall on VaR0.01834
 ORDER STATISTICS
 Quartiles of return rates

Number of observations406.00000

Minimum0.94405

Quartile 10.99551

Median1.00000

Quartile 31.00939

Maximum1.07173

Mean of quarter 10.98563

Mean of quarter 20.99904

Mean of quarter 31.00467

Mean of quarter 41.02311

Inter Quartile Range0.01388

Number outliers low11.00000

Percentage of outliers low0.02709

Mean of outliers low0.96455

Number of outliers high26.00000

Percentage of outliers high0.06404

Mean of outliers high1.04116
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.17455

VaR(95%) (moments method)0.01194

Expected Shortfall (moments method)0.01536

Extreme Value Index (regression method)0.05498

VaR(95%) (regression method)0.01439

Expected Shortfall (regression method)0.01994
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations33.00000

Minimum0.00030

Quartile 10.00465

Median0.02395

Quartile 30.04340

Maximum0.18171

Mean of quarter 10.00225

Mean of quarter 20.01402

Mean of quarter 30.03375

Mean of quarter 40.09094

Inter Quartile Range0.03875

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high2.00000

Percentage of outliers high0.06061

Mean of outliers high0.14869
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)0.07780

VaR(95%) (moments method)0.08859

Expected Shortfall (moments method)0.11355

Extreme Value Index (regression method)0.15632

VaR(95%) (regression method)0.09991

Expected Shortfall (regression method)0.14556
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)1.52705

Compounded annual return (geometric extrapolation)1.18870

Calmar ratio (compounded annual return / max draw down)6.54187

Compounded annual return / average of 25% largest draw downs13.07090

Compounded annual return / Expected Shortfall lognormal41.19110

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

Mean0.85829

SD0.27344

Sharpe ratio (Glass type estimate)3.13887

Sharpe ratio (Hedges UMVUE)3.12072

df130.00000

t2.21951

p0.40446

Lowerbound of 95% confidence interval for Sharpe Ratio0.33508

Upperbound of 95% confidence interval for Sharpe Ratio5.93084

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.32308

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation5.91837
 Statistics related to Sortino ratio

Sortino ratio5.56034

Upside Potential Ratio13.50140

Upside part of mean2.08406

Downside part of mean1.22577

Upside SD0.23061

Downside SD0.15436

N nonnegative terms63.00000

N negative terms68.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.15696

Mean of criterion0.85829

SD of predictor0.10630

SD of criterion0.27344

Covariance0.01074

r0.36959

b (slope, estimate of beta)0.95075

a (intercept, estimate of alpha)0.70906

Mean Square Error0.06506

DF error129.00000

t(b)4.51761

p(b)0.27018

t(a)1.95755

p(a)0.39239

Lowerbound of 95% confidence interval for beta0.53436

Upperbound of 95% confidence interval for beta1.36713

Lowerbound of 95% confidence interval for alpha0.00760

Upperbound of 95% confidence interval for alpha1.42573

Treynor index (mean / b)0.90275

Jensen alpha (a)0.70906
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.82004

SD0.27204

Sharpe ratio (Glass type estimate)3.01444

Sharpe ratio (Hedges UMVUE)2.99702

df130.00000

t2.13153

p0.40812

Lowerbound of 95% confidence interval for Sharpe Ratio0.21292

Upperbound of 95% confidence interval for Sharpe Ratio5.80464

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.20137

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation5.79266
 Statistics related to Sortino ratio

Sortino ratio5.24062

Upside Potential Ratio13.15090

Upside part of mean2.05781

Downside part of mean1.23777

Upside SD0.22698

Downside SD0.15648

N nonnegative terms63.00000

N negative terms68.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.15128

Mean of criterion0.82004

SD of predictor0.10647

SD of criterion0.27204

Covariance0.01074

r0.37069

b (slope, estimate of beta)0.94717

a (intercept, estimate of alpha)0.67675

Mean Square Error0.06433

DF error129.00000

t(b)4.53315

p(b)0.26954

t(a)1.87944

p(a)0.39653

VAR (95 Confidence Intrvl)0.02300

Lowerbound of 95% confidence interval for beta0.53377

Upperbound of 95% confidence interval for beta1.36057

Lowerbound of 95% confidence interval for alpha0.03568

Upperbound of 95% confidence interval for alpha1.38918

Treynor index (mean / b)0.86577

Jensen alpha (a)0.67675
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.02422

Expected Shortfall on VaR0.03103
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.01104

Expected Shortfall on VaR0.02144
 ORDER STATISTICS
 Quartiles of return rates

Number of observations131.00000

Minimum0.95394

Quartile 10.99227

Median1.00000

Quartile 31.01320

Maximum1.05373

Mean of quarter 10.98354

Mean of quarter 20.99811

Mean of quarter 31.00609

Mean of quarter 41.02587

Inter Quartile Range0.02092

Number outliers low2.00000

Percentage of outliers low0.01527

Mean of outliers low0.95527

Number of outliers high2.00000

Percentage of outliers high0.01527

Mean of outliers high1.05239
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.02860

VaR(95%) (moments method)0.01606

Expected Shortfall (moments method)0.02097

Extreme Value Index (regression method)0.11360

VaR(95%) (regression method)0.01609

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

Number of observations11.00000

Minimum0.00101

Quartile 10.01230

Median0.03121

Quartile 30.04229

Maximum0.18171

Mean of quarter 10.00402

Mean of quarter 20.02595

Mean of quarter 30.03841

Mean of quarter 40.10679

Inter Quartile Range0.02999

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high2.00000

Percentage of outliers high0.18182

Mean of outliers high0.13848
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)4.28935

VaR(95%) (moments method)0.10253

Expected Shortfall (moments method)0.10271

Extreme Value Index (regression method)0.26281

VaR(95%) (regression method)0.19482

Last 4 Months  Pcnt Negative0.25%

Expected Shortfall (regression method)0.25468

Strat Max DD how much worse than SP500 max DD during strat life?376177000

Max Equity Drawdown (num days)37
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)1.05604

Compounded annual return (geometric extrapolation)1.33484

Calmar ratio (compounded annual return / max draw down)7.34613

Compounded annual return / average of 25% largest draw downs12.49960

Compounded annual return / Expected Shortfall lognormal43.02320
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.