The Lab
(133502610)
Subscription terms. You can subscribe to this system for free.
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 Cumulative Rate of Return is calculated
= (Ending_equity  Starting_equity) / Starting_equity
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  

2021  +63.0%  +68.8%  +5.3%  +1.5%  +0.7%  +3.9%  +0.4%  +0.5%  +1.5%  +2.6%  +2.3%  +230.7% 
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  $50,000  
Buy Power  $170,453  
Cash  $170,453  
Equity  $0  
Cumulative $  $120,453  
Total System Equity  $170,453  
Margined  $0  
Open P/L  $0 
Trading Record
Statistics

Strategy began1/21/2021

Suggested Minimum Cap$35,000

Strategy Age (days)310.88

Age10 months ago

What it tradesStocks

# Trades718

# Profitable324

% Profitable45.10%

Avg trade duration10.2 hours

Max peaktovalley drawdown40.74%

drawdown periodMarch 18, 2021  March 23, 2021

Cumul. Return230.7%

Avg win$1,518

Avg loss$943.35
 Model Account Values (Raw)

Cash$170,453

Margin Used$0

Buying Power$170,453
 Ratios

W:L ratio1.32:1

Sharpe Ratio1.93

Sortino Ratio3.93

Calmar Ratio12.589
 CORRELATION STATISTICS

Return of Strat Pcnt  Return of SP500 Pcnt (cumu)211.46%

Correlation to SP5000.14820

Return Percent SP500 (cumu) during strategy life19.25%
 Return Statistics

Ann Return (w trading costs)302.2%
 Slump

Current Slump as Pcnt Equity0.80%
 Instruments

Percent Trades Futuresn/a
 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)2.307%
 Instruments

Percent Trades Optionsn/a

Percent Trades Stocks1.00%

Percent Trades Forexn/a
 Return Statistics

Ann Return (Compnd, No Fees)320.1%
 Risk of Ruin (MonteCarlo)

Chance of 10% account loss60.00%

Chance of 20% account loss41.50%

Chance of 30% account loss28.00%

Chance of 40% account loss18.00%

Chance of 60% account loss (Monte Carlo)1.50%

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 Automated3.61%
 Risk of Ruin (MonteCarlo)

Chance of 50% account loss7.50%
 Popularity

Popularity (Today)704

Popularity (Last 6 weeks)973
 Trading Style

Any stock shorts? 0/10
 Popularity

C2 Score919

Popularity (7 days, Percentile 1000 scale)912
 Management

No Subs Allowed Flag (1: no subs)0

Strat abandoned?0
 TradesOwnSystem Certification

Trades Own System?

TOS percentn/a
 Win / Loss

Avg Loss$943

Avg Win$1,519

Sum Trade PL (losers)$371,679.000
 AUM

AUM (AutoTrader num accounts)2
 Age

Num Months filled monthly returns table11
 Win / Loss

Sum Trade PL (winners)$492,132.000

# Winners324

Num Months Winners11
 Dividends

Dividends Received in Model Acct0
 AUM

AUM (AutoTrader live capital)331438
 Win / Loss

# Losers394

% Winners45.1%
 Frequency

Avg Position Time (mins)609.85

Avg Position Time (hrs)10.16

Avg Trade Length0.4 days

Last Trade Ago1
 Leverage

Daily leverage (average)0.45

Daily leverage (max)2.60
 Regression

Alpha0.49

Beta0.84

Treynor Index0.53
 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)0.49

MAE:Equity, average, winning trades0.01

MAE:Equity, average, losing trades0.01

Avg(MAE) / Avg(PL)  All trades9.449

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 strat0.00

Avg(MAE) / Avg(PL)  Winning trades0.323

Avg(MAE) / Avg(PL)  Losing trades1.232

HoldandHope Ratio0.106
 Analysis based on MONTHLY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean2.11187

SD1.52444

Sharpe ratio (Glass type estimate)1.38534

Sharpe ratio (Hedges UMVUE)1.26603

df9.00000

t1.26464

p0.11888

Lowerbound of 95% confidence interval for Sharpe Ratio0.88717

Upperbound of 95% confidence interval for Sharpe Ratio3.58831

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.95924

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.49130
 Statistics related to Sortino ratio

Sortino ratio2736.99000

Upside Potential Ratio2738.08000

Upside part of mean2.11271

Downside part of mean0.00085

Upside SD1.56945

Downside SD0.00077

N nonnegative terms9.00000

N negative terms1.00000
 Statistics related to linear regression on benchmark

N of observations10.00000

Mean of predictor0.21632

Mean of criterion2.11187

SD of predictor0.08404

SD of criterion1.52444

Covariance0.02158

r0.16844

b (slope, estimate of beta)3.05563

a (intercept, estimate of alpha)2.77287

Mean Square Error2.54022

DF error8.00000

t(b)0.48334

p(b)0.67910

t(a)1.25029

p(a)0.12326

Lowerbound of 95% confidence interval for beta17.63410

Upperbound of 95% confidence interval for beta11.52290

Lowerbound of 95% confidence interval for alpha2.34135

Upperbound of 95% confidence interval for alpha7.88708

Treynor index (mean / b)0.69114

Jensen alpha (a)2.77287
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean1.44845

SD0.93781

Sharpe ratio (Glass type estimate)1.54451

Sharpe ratio (Hedges UMVUE)1.41149

df9.00000

t1.40993

p0.09608

Lowerbound of 95% confidence interval for Sharpe Ratio0.75274

Upperbound of 95% confidence interval for Sharpe Ratio3.76564

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.83238

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.65535
 Statistics related to Sortino ratio

Sortino ratio1880.91000

Upside Potential Ratio1882.00000

Upside part of mean1.44930

Downside part of mean0.00084

Upside SD0.98304

Downside SD0.00077

N nonnegative terms9.00000

N negative terms1.00000
 Statistics related to linear regression on benchmark

N of observations10.00000

Mean of predictor0.21090

Mean of criterion1.44845

SD of predictor0.08141

SD of criterion0.93781

Covariance0.01138

r0.14903

b (slope, estimate of beta)1.71669

a (intercept, estimate of alpha)1.81050

Mean Square Error0.96745

DF error8.00000

t(b)0.42628

p(b)0.65943

t(a)1.31965

p(a)0.11173

Lowerbound of 95% confidence interval for beta11.00320

Upperbound of 95% confidence interval for beta7.56984

Lowerbound of 95% confidence interval for alpha1.35323

Upperbound of 95% confidence interval for alpha4.97423

Treynor index (mean / b)0.84375

Jensen alpha (a)1.81050
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.27718

Expected Shortfall on VaR0.35137
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00003

Expected Shortfall on VaR0.00013
 ORDER STATISTICS
 Quartiles of return rates

Number of observations10.00000

Minimum1.00162

Quartile 11.01418

Median1.02860

Quartile 31.08677

Maximum2.42566

Mean of quarter 11.00786

Mean of quarter 21.01686

Mean of quarter 31.04006

Mean of quarter 41.54858

Inter Quartile Range0.07259

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.10000

Mean of outliers high2.42566
 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

Expected Shortfall (regression method)0.00000
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)2.90670

Compounded annual return (geometric extrapolation)3.37698

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 lognormal9.61083

0.00000

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

Mean1.65122

SD0.66973

Sharpe ratio (Glass type estimate)2.46550

Sharpe ratio (Hedges UMVUE)2.45701

df218.00000

t2.25412

p0.01259

Lowerbound of 95% confidence interval for Sharpe Ratio0.30653

Upperbound of 95% confidence interval for Sharpe Ratio4.61896

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.30088

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.61314
 Statistics related to Sortino ratio

Sortino ratio5.71109

Upside Potential Ratio9.41562

Upside part of mean2.72230

Downside part of mean1.07107

Upside SD0.61099

Downside SD0.28913

N nonnegative terms103.00000

N negative terms116.00000
 Statistics related to linear regression on benchmark

N of observations219.00000

Mean of predictor0.19065

Mean of criterion1.65122

SD of predictor0.12583

SD of criterion0.66973

Covariance0.01339

r0.15888

b (slope, estimate of beta)0.84564

a (intercept, estimate of alpha)1.81200

Mean Square Error0.43923

DF error217.00000

t(b)2.37062

p(b)0.99068

t(a)2.48935

p(a)0.00677

Lowerbound of 95% confidence interval for beta1.54872

Upperbound of 95% confidence interval for beta0.14257

Lowerbound of 95% confidence interval for alpha0.37743

Upperbound of 95% confidence interval for alpha3.24745

Treynor index (mean / b)1.95262

Jensen alpha (a)1.81244
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean1.44179

SD0.62905

Sharpe ratio (Glass type estimate)2.29201

Sharpe ratio (Hedges UMVUE)2.28411

df218.00000

t2.09550

p0.01864

Lowerbound of 95% confidence interval for Sharpe Ratio0.13494

Upperbound of 95% confidence interval for Sharpe Ratio4.44393

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.12966

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.43857
 Statistics related to Sortino ratio

Sortino ratio4.74234

Upside Potential Ratio8.41193

Upside part of mean2.55743

Downside part of mean1.11565

Upside SD0.55624

Downside SD0.30402

N nonnegative terms103.00000

N negative terms116.00000
 Statistics related to linear regression on benchmark

N of observations219.00000

Mean of predictor0.18267

Mean of criterion1.44179

SD of predictor0.12598

SD of criterion0.62905

Covariance0.01180

r0.14888

b (slope, estimate of beta)0.74340

a (intercept, estimate of alpha)1.57758

Mean Square Error0.38871

DF error217.00000

t(b)2.21785

p(b)0.98620

t(a)2.30412

p(a)0.01108

Lowerbound of 95% confidence interval for beta1.40404

Upperbound of 95% confidence interval for beta0.08276

Lowerbound of 95% confidence interval for alpha0.22811

Upperbound of 95% confidence interval for alpha2.92706

Treynor index (mean / b)1.93945

Jensen alpha (a)1.57758
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.05675

Expected Shortfall on VaR0.07184
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00936

Expected Shortfall on VaR0.02182
 ORDER STATISTICS
 Quartiles of return rates

Number of observations219.00000

Minimum0.88289

Quartile 11.00000

Median1.00000

Quartile 31.00213

Maximum1.31255

Mean of quarter 10.98394

Mean of quarter 21.00000

Mean of quarter 31.00087

Mean of quarter 41.04073

Inter Quartile Range0.00213

Number outliers low21.00000

Percentage of outliers low0.09589

Mean of outliers low0.95893

Number of outliers high37.00000

Percentage of outliers high0.16895

Mean of outliers high1.05893
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)1.68732

VaR(95%) (moments method)0.00425

Expected Shortfall (moments method)0.00000

Extreme Value Index (regression method)0.53237

VaR(95%) (regression method)0.00960

Expected Shortfall (regression method)0.03413
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations14.00000

Minimum0.00014

Quartile 10.00199

Median0.00878

Quartile 30.08187

Maximum0.26593

Mean of quarter 10.00130

Mean of quarter 20.00520

Mean of quarter 30.02470

Mean of quarter 40.16309

Inter Quartile Range0.07988

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.07143

Mean of outliers high0.26593
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)1.30223

VaR(95%) (moments method)0.18419

Expected Shortfall (moments method)0.19324

Extreme Value Index (regression method)0.02440

VaR(95%) (regression method)0.23680

Expected Shortfall (regression method)0.32622
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)2.89043

Compounded annual return (geometric extrapolation)3.34790

Calmar ratio (compounded annual return / max draw down)12.58940

Compounded annual return / average of 25% largest draw downs20.52850

Compounded annual return / Expected Shortfall lognormal46.59910

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

Mean0.21534

SD0.09569

Sharpe ratio (Glass type estimate)2.25048

Sharpe ratio (Hedges UMVUE)2.23747

df130.00000

t1.59133

p0.43089

Lowerbound of 95% confidence interval for Sharpe Ratio0.53904

Upperbound of 95% confidence interval for Sharpe Ratio5.03151

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.54765

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation5.02258
 Statistics related to Sortino ratio

Sortino ratio4.25519

Upside Potential Ratio8.35303

Upside part of mean0.42272

Downside part of mean0.20738

Upside SD0.08187

Downside SD0.05061

N nonnegative terms48.00000

N negative terms83.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.16301

Mean of criterion0.21534

SD of predictor0.10605

SD of criterion0.09569

Covariance0.00140

r0.13816

b (slope, estimate of beta)0.12466

a (intercept, estimate of alpha)0.23566

Mean Square Error0.00905

DF error129.00000

t(b)1.58443

p(b)0.58768

t(a)1.74368

p(a)0.40377

Lowerbound of 95% confidence interval for beta0.28032

Upperbound of 95% confidence interval for beta0.03101

Lowerbound of 95% confidence interval for alpha0.03174

Upperbound of 95% confidence interval for alpha0.50307

Treynor index (mean / b)1.72745

Jensen alpha (a)0.23566
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.21073

SD0.09511

Sharpe ratio (Glass type estimate)2.21569

Sharpe ratio (Hedges UMVUE)2.20288

df130.00000

t1.56673

p0.43193

Lowerbound of 95% confidence interval for Sharpe Ratio0.57329

Upperbound of 95% confidence interval for Sharpe Ratio4.99631

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.58183

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.98759
 Statistics related to Sortino ratio

Sortino ratio4.12026

Upside Potential Ratio8.20001

Upside part of mean0.41938

Downside part of mean0.20866

Upside SD0.08081

Downside SD0.05114

N nonnegative terms48.00000

N negative terms83.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.15736

Mean of criterion0.21073

SD of predictor0.10622

SD of criterion0.09511

Covariance0.00138

r0.13704

b (slope, estimate of beta)0.12270

a (intercept, estimate of alpha)0.23003

Mean Square Error0.00894

DF error129.00000

t(b)1.57132

p(b)0.58697

t(a)1.71271

p(a)0.40543

VAR (95 Confidence Intrvl)0.05700

Lowerbound of 95% confidence interval for beta0.27720

Upperbound of 95% confidence interval for beta0.03180

Lowerbound of 95% confidence interval for alpha0.03570

Upperbound of 95% confidence interval for alpha0.49577

Treynor index (mean / b)1.71739

Jensen alpha (a)0.23003
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.00882

Expected Shortfall on VaR0.01125
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00205

Expected Shortfall on VaR0.00464
 ORDER STATISTICS
 Quartiles of return rates

Number of observations131.00000

Minimum0.97516

Quartile 11.00000

Median1.00000

Quartile 31.00118

Maximum1.03717

Mean of quarter 10.99713

Mean of quarter 21.00000

Mean of quarter 31.00031

Mean of quarter 41.00626

Inter Quartile Range0.00118

Number outliers low13.00000

Percentage of outliers low0.09924

Mean of outliers low0.99343

Number of outliers high18.00000

Percentage of outliers high0.13740

Mean of outliers high1.00984
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.37272

VaR(95%) (moments method)0.00153

Expected Shortfall (moments method)0.00216

Extreme Value Index (regression method)0.14208

VaR(95%) (regression method)0.00275

Expected Shortfall (regression method)0.00546
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations10.00000

Minimum0.00014

Quartile 10.00173

Median0.00363

Quartile 30.00862

Maximum0.04633

Mean of quarter 10.00113

Mean of quarter 20.00217

Mean of quarter 30.00654

Mean of quarter 40.02142

Inter Quartile Range0.00689

Number outliers low0.00000

Percentage of outliers low0.00000

Mean of outliers low0.00000

Number of outliers high1.00000

Percentage of outliers high0.10000

Mean of outliers high0.04633
 Risk estimates based on draw downs (based on Extreme Value T

Extreme Value Index (moments method)0.79004

VaR(95%) (moments method)0.02768

Expected Shortfall (moments method)0.13493

Extreme Value Index (regression method)5.15923

VaR(95%) (regression method)0.16581

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?305942000

Max Equity Drawdown (num days)5
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.25345

Compounded annual return (geometric extrapolation)0.26951

Calmar ratio (compounded annual return / max draw down)5.81788

Compounded annual return / average of 25% largest draw downs12.58030

Compounded annual return / Expected Shortfall lognormal23.95790
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.