JWB Stock and ETF ORB
(128743489)
Subscription terms. Subscriptions to this system cost $200.00 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.
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).Shortterm Reversal
Exploits the tendency of stocks with strong gains and stocks with strong losses to reverse in a shortterm time frame (up to one month).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  +3.2%  +3.5%  +1.7%  +15.1%  +9.9%  (2.6%)  (2.2%)  +15.8%  +8.8%  +65.0%  
2021  +9.4%  +3.5%  (7.6%)  +2.8%  +4.3%  +7.9%  (1.4%)  (2.6%)  (0.1%)  (0.7%)  +7.4%  +23.9% 
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  $100,000  
Buy Power  $212,515  
Cash  $1  
Equity  $1  
Cumulative $  $112,515  
Total System Equity  $212,515  
Margined  $1  
Open P/L  $0  
Data has been delayed by 24 hours for nonsubscribers 
System developer has asked us to delay this information by 24 hours.
Trading Record
Statistics

Strategy began4/26/2020

Suggested Minimum Cap$35,000

Strategy Age (days)580.2

Age19 months ago

What it tradesStocks

# Trades698

# Profitable386

% Profitable55.30%

Avg trade duration5.8 hours

Max peaktovalley drawdown11.39%

drawdown periodJuly 13, 2020  July 17, 2020

Annual Return (Compounded)56.4%

Avg win$1,016

Avg loss$897.25
 Model Account Values (Raw)

Cash$212,515

Margin Used$0

Buying Power$212,515
 Ratios

W:L ratio1.40:1

Sharpe Ratio2.05

Sortino Ratio3.45

Calmar Ratio7.372
 CORRELATION STATISTICS

Return of Strat Pcnt  Return of SP500 Pcnt (cumu)42.43%

Correlation to SP5000.06240

Return Percent SP500 (cumu) during strategy life61.97%
 Return Statistics

Ann Return (w trading costs)56.4%
 Slump

Current Slump as Pcnt Equity0.60%
 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)0.564%
 Instruments

Percent Trades Optionsn/a

Percent Trades Stocks1.00%

Percent Trades Forexn/a
 Return Statistics

Ann Return (Compnd, No Fees)60.5%
 Risk of Ruin (MonteCarlo)

Chance of 10% account loss5.50%

Chance of 20% account loss0.50%

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 Automated78.11%
 Risk of Ruin (MonteCarlo)

Chance of 50% account lossn/a
 Popularity

Popularity (Today)0

Popularity (Last 6 weeks)976
 Trading Style

Any stock shorts? 0/11
 Popularity

C2 Score947

Popularity (7 days, Percentile 1000 scale)990
 Management

No Subs Allowed Flag (1: no subs)0

Strat abandoned?0
 TradesOwnSystem Certification

Trades Own System?

TOS percentn/a
 Win / Loss

Avg Loss$897

Avg Win$1,017

Sum Trade PL (losers)$279,942.000
 AUM

AUM (AutoTrader num accounts)1
 Age

Num Months filled monthly returns table20
 Win / Loss

Sum Trade PL (winners)$392,457.000

# Winners386

Num Months Winners13
 Dividends

Dividends Received in Model Acct0
 AUM

AUM (AutoTrader live capital)2091
 Win / Loss

# Losers312

% Winners55.3%
 Frequency

Avg Position Time (mins)346.42

Avg Position Time (hrs)5.77

Avg Trade Length0.2 days

Last Trade Ago3
 Leverage

Daily leverage (average)1.03

Daily leverage (max)3.31
 Regression

Alpha0.12

Beta0.07

Treynor Index1.71
 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)0.08

MAE:Equity, average, winning trades0.00

MAE:Equity, average, losing trades0.01

Avg(MAE) / Avg(PL)  All trades63.380

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 trades0.522

Avg(MAE) / Avg(PL)  Losing trades1.400

HoldandHope Ratio0.016
 Analysis based on MONTHLY values, full history
 RATIO STATISTICS
 Ratio statistics of excess return rates
 Statistics related to Sharpe ratio

Mean0.46139

SD0.20518

Sharpe ratio (Glass type estimate)2.24870

Sharpe ratio (Hedges UMVUE)2.14776

df17.00000

t2.75408

p0.16553

Lowerbound of 95% confidence interval for Sharpe Ratio0.45434

Upperbound of 95% confidence interval for Sharpe Ratio3.98911

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.39215

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.90336
 Statistics related to Sortino ratio

Sortino ratio6.54984

Upside Potential Ratio7.80386

Upside part of mean0.54973

Downside part of mean0.08834

Upside SD0.22921

Downside SD0.07044

N nonnegative terms14.00000

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

N of observations18.00000

Mean of predictor0.29904

Mean of criterion0.46139

SD of predictor0.13342

SD of criterion0.20518

Covariance0.00850

r0.31050

b (slope, estimate of beta)0.47752

a (intercept, estimate of alpha)0.31859

Mean Square Error0.04042

DF error16.00000

t(b)1.30659

p(b)0.34475

t(a)1.61555

p(a)0.31275

Lowerbound of 95% confidence interval for beta0.29724

Upperbound of 95% confidence interval for beta1.25229

Lowerbound of 95% confidence interval for alpha0.09946

Upperbound of 95% confidence interval for alpha0.73665

Treynor index (mean / b)0.96622

Jensen alpha (a)0.31859
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.43343

SD0.19662

Sharpe ratio (Glass type estimate)2.20437

Sharpe ratio (Hedges UMVUE)2.10542

df17.00000

t2.69979

p0.16958

Lowerbound of 95% confidence interval for Sharpe Ratio0.41662

Upperbound of 95% confidence interval for Sharpe Ratio3.93889

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.35562

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation3.85522
 Statistics related to Sortino ratio

Sortino ratio5.97297

Upside Potential Ratio7.22301

Upside part of mean0.52414

Downside part of mean0.09071

Upside SD0.21657

Downside SD0.07256

N nonnegative terms14.00000

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

N of observations18.00000

Mean of predictor0.28660

Mean of criterion0.43343

SD of predictor0.13146

SD of criterion0.19662

Covariance0.00780

r0.30185

b (slope, estimate of beta)0.45145

a (intercept, estimate of alpha)0.30404

Mean Square Error0.03733

DF error16.00000

t(b)1.26646

p(b)0.34908

t(a)1.61763

p(a)0.31255

Lowerbound of 95% confidence interval for beta0.30423

Upperbound of 95% confidence interval for beta1.20714

Lowerbound of 95% confidence interval for alpha0.09440

Upperbound of 95% confidence interval for alpha0.70249

Treynor index (mean / b)0.96007

Jensen alpha (a)0.30404
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.05564

Expected Shortfall on VaR0.07757
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00882

Expected Shortfall on VaR0.02269
 ORDER STATISTICS
 Quartiles of return rates

Number of observations18.00000

Minimum0.93243

Quartile 11.00817

Median1.03068

Quartile 31.08525

Maximum1.15271

Mean of quarter 10.97679

Mean of quarter 21.02178

Mean of quarter 31.04413

Mean of quarter 41.11728

Inter Quartile Range0.07708

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)0.10940

VaR(95%) (regression method)0.04513

Expected Shortfall (regression method)0.07102
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations3.00000

Minimum0.00722

Quartile 10.02721

Median0.04720

Quartile 30.05739

Maximum0.06757

Mean of quarter 10.00722

Mean of quarter 20.04720

Mean of quarter 30.00000

Mean of quarter 40.06757

Inter Quartile Range0.03018

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)0.66514

Compounded annual return (geometric extrapolation)0.58619

Calmar ratio (compounded annual return / max draw down)8.67483

Compounded annual return / average of 25% largest draw downs8.67483

Compounded annual return / Expected Shortfall lognormal7.55723

0.00000

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

Mean0.46623

SD0.17681

Sharpe ratio (Glass type estimate)2.63685

Sharpe ratio (Hedges UMVUE)2.63204

df411.00000

t3.30662

p0.00051

Lowerbound of 95% confidence interval for Sharpe Ratio1.06198

Upperbound of 95% confidence interval for Sharpe Ratio4.20864

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.05875

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.20533
 Statistics related to Sortino ratio

Sortino ratio4.50500

Upside Potential Ratio10.50390

Upside part of mean1.08705

Downside part of mean0.62083

Upside SD0.14597

Downside SD0.10349

N nonnegative terms199.00000

N negative terms213.00000
 Statistics related to linear regression on benchmark

N of observations412.00000

Mean of predictor0.28238

Mean of criterion0.46623

SD of predictor0.15946

SD of criterion0.17681

Covariance0.00131

r0.04663

b (slope, estimate of beta)0.05170

a (intercept, estimate of alpha)0.45200

Mean Square Error0.03127

DF error410.00000

t(b)0.94513

p(b)0.17258

t(a)3.18362

p(a)0.00078

Lowerbound of 95% confidence interval for beta0.05583

Upperbound of 95% confidence interval for beta0.15923

Lowerbound of 95% confidence interval for alpha0.17276

Upperbound of 95% confidence interval for alpha0.73049

Treynor index (mean / b)9.01801

Jensen alpha (a)0.45163
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.45021

SD0.17666

Sharpe ratio (Glass type estimate)2.54843

Sharpe ratio (Hedges UMVUE)2.54378

df411.00000

t3.19574

p0.00075

Lowerbound of 95% confidence interval for Sharpe Ratio0.97432

Upperbound of 95% confidence interval for Sharpe Ratio4.11958

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation0.97117

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.11639
 Statistics related to Sortino ratio

Sortino ratio4.25021

Upside Potential Ratio10.16270

Upside part of mean1.07649

Downside part of mean0.62628

Upside SD0.14383

Downside SD0.10593

N nonnegative terms199.00000

N negative terms213.00000
 Statistics related to linear regression on benchmark

N of observations412.00000

Mean of predictor0.26947

Mean of criterion0.45021

SD of predictor0.16007

SD of criterion0.17666

Covariance0.00128

r0.04515

b (slope, estimate of beta)0.04983

a (intercept, estimate of alpha)0.43678

Mean Square Error0.03122

DF error410.00000

t(b)0.91508

p(b)0.18034

t(a)3.08315

p(a)0.00109

Lowerbound of 95% confidence interval for beta0.05721

Upperbound of 95% confidence interval for beta0.15686

Lowerbound of 95% confidence interval for alpha0.15830

Upperbound of 95% confidence interval for alpha0.71527

Treynor index (mean / b)9.03557

Jensen alpha (a)0.43678
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.01610

Expected Shortfall on VaR0.02057
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00546

Expected Shortfall on VaR0.01178
 ORDER STATISTICS
 Quartiles of return rates

Number of observations412.00000

Minimum0.91685

Quartile 10.99730

Median1.00001

Quartile 31.00446

Maximum1.05729

Mean of quarter 10.99145

Mean of quarter 20.99929

Mean of quarter 31.00201

Mean of quarter 41.01480

Inter Quartile Range0.00717

Number outliers low13.00000

Percentage of outliers low0.03155

Mean of outliers low0.97506

Number of outliers high36.00000

Percentage of outliers high0.08738

Mean of outliers high1.02547
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.36894

VaR(95%) (moments method)0.00805

Expected Shortfall (moments method)0.01506

Extreme Value Index (regression method)0.18619

VaR(95%) (regression method)0.00725

Expected Shortfall (regression method)0.01128
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations25.00000

Minimum0.00025

Quartile 10.00389

Median0.00912

Quartile 30.04475

Maximum0.08315

Mean of quarter 10.00225

Mean of quarter 20.00792

Mean of quarter 30.02545

Mean of quarter 40.06539

Inter Quartile Range0.04086

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)1.17835

VaR(95%) (moments method)0.07005

Expected Shortfall (moments method)0.07261

Extreme Value Index (regression method)0.85042

VaR(95%) (regression method)0.07157

Expected Shortfall (regression method)0.07544
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.71281

Compounded annual return (geometric extrapolation)0.61303

Calmar ratio (compounded annual return / max draw down)7.37239

Compounded annual return / average of 25% largest draw downs9.37464

Compounded annual return / Expected Shortfall lognormal29.79990

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

Mean0.18887

SD0.10996

Sharpe ratio (Glass type estimate)1.71755

Sharpe ratio (Hedges UMVUE)1.70762

df130.00000

t1.21449

p0.44704

Lowerbound of 95% confidence interval for Sharpe Ratio1.06538

Upperbound of 95% confidence interval for Sharpe Ratio4.49394

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.07195

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.48719
 Statistics related to Sortino ratio

Sortino ratio2.54054

Upside Potential Ratio9.19127

Upside part of mean0.68329

Downside part of mean0.49442

Upside SD0.08130

Downside SD0.07434

N nonnegative terms64.00000

N negative terms67.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.15696

Mean of criterion0.18887

SD of predictor0.10630

SD of criterion0.10996

Covariance0.00201

r0.17179

b (slope, estimate of beta)0.17772

a (intercept, estimate of alpha)0.16097

Mean Square Error0.01183

DF error129.00000

t(b)1.98063

p(b)0.39117

t(a)1.04233

p(a)0.44190

Lowerbound of 95% confidence interval for beta0.00019

Upperbound of 95% confidence interval for beta0.35525

Lowerbound of 95% confidence interval for alpha0.14458

Upperbound of 95% confidence interval for alpha0.46653

Treynor index (mean / b)1.06273

Jensen alpha (a)0.16097
 Ratio statistics of excess log return rates
 Statistics related to Sharpe ratio

Mean0.18277

SD0.11009

Sharpe ratio (Glass type estimate)1.66028

Sharpe ratio (Hedges UMVUE)1.65068

df130.00000

t1.17400

p0.44879

Lowerbound of 95% confidence interval for Sharpe Ratio1.12201

Upperbound of 95% confidence interval for Sharpe Ratio4.43628

Lowerbound of 95% CI (Gibbons, Hedeker & Davis approximation1.12837

Upperbound of 95% CI (Gibbons, Hedeker & Davis approximation4.42974
 Statistics related to Sortino ratio

Sortino ratio2.43501

Upside Potential Ratio9.05855

Upside part of mean0.67994

Downside part of mean0.49717

Upside SD0.08074

Downside SD0.07506

N nonnegative terms64.00000

N negative terms67.00000
 Statistics related to linear regression on benchmark

N of observations131.00000

Mean of predictor0.15128

Mean of criterion0.18277

SD of predictor0.10647

SD of criterion0.11009

Covariance0.00201

r0.17130

b (slope, estimate of beta)0.17712

a (intercept, estimate of alpha)0.15598

Mean Square Error0.01185

DF error129.00000

t(b)1.97475

p(b)0.39149

t(a)1.00909

p(a)0.44373

VAR (95 Confidence Intrvl)0.01600

Lowerbound of 95% confidence interval for beta0.00034

Upperbound of 95% confidence interval for beta0.35458

Lowerbound of 95% confidence interval for alpha0.14985

Upperbound of 95% confidence interval for alpha0.46181

Treynor index (mean / b)1.03190

Jensen alpha (a)0.15598
 Risk estimates for a oneperiod unit investment (parametric)
 assuming log normal returns and losses (using central moments from Sharpe statistics)

VaR(95%)0.01043

Expected Shortfall on VaR0.01324
 assuming Pareto losses only (using partial moments from Sortino statistics)

VaR(95%)0.00435

Expected Shortfall on VaR0.00911
 ORDER STATISTICS
 Quartiles of return rates

Number of observations131.00000

Minimum0.96793

Quartile 10.99800

Median1.00007

Quartile 31.00373

Maximum1.02356

Mean of quarter 10.99322

Mean of quarter 20.99950

Mean of quarter 31.00192

Mean of quarter 41.00870

Inter Quartile Range0.00573

Number outliers low4.00000

Percentage of outliers low0.03053

Mean of outliers low0.98047

Number of outliers high7.00000

Percentage of outliers high0.05344

Mean of outliers high1.01607
 Risk estimates for a oneperiod unit investment (based on Ex

Extreme Value Index (moments method)0.37513

VaR(95%) (moments method)0.00645

Expected Shortfall (moments method)0.01225

Extreme Value Index (regression method)0.30070

VaR(95%) (regression method)0.00630

Expected Shortfall (regression method)0.01098
 DRAW DOWN STATISTICS
 Quartiles of draw downs

Number of observations8.00000

Minimum0.00025

Quartile 10.00370

Median0.00422

Quartile 30.01208

Maximum0.05130

Mean of quarter 10.00176

Mean of quarter 20.00386

Mean of quarter 30.00646

Mean of quarter 40.03724

Inter Quartile Range0.00838

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 high0.05130
 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 Negative0.75%

Expected Shortfall (regression method)0.00000

Strat Max DD how much worse than SP500 max DD during strat life?330129000

Max Equity Drawdown (num days)4
 COMBINED STATISTICS

Annualized return (arithmetic extrapolation)0.22218

Compounded annual return (geometric extrapolation)0.23452

Calmar ratio (compounded annual return / max draw down)4.57166

Compounded annual return / average of 25% largest draw downs6.29670

Compounded annual return / Expected Shortfall lognormal17.71340
Strategy Description
As a complement to the first strategy, mean reversion positions are entered for overvalued and undervalued stocks selected from the S&P 500. The selected stocks must match a specific pattern in order to be considered for the trading day. A trade is initiated if the stocks continue to reverse during the trading day. Once a position is entered, it is exited by the close.
***ALL SUBSCRIBERS ARE ENTILED TO FREE ACCESS TO MY OTHER PROGRAM  SPXL/SPXS NEURAL NETWORK
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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(Current subscribers will remain subscribed. You can see who is subscribed, and control their subscriptions, on your Subscriber Management screen.)
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.