Collective2

This system has been a huge disappointment and quite disaster for me. I got lured into the system after that big hype during the summer only to find out the hard way that it doesn't have any investment strategy nor risk management. But I am most disappointed by the vendor's attitude. At the beginning he communicated with the subscribers and tried to create with youtube videos the impression of big all-around-the world trading firm, but ever since September the losses started to mount up and we never heard from him again. What a shame! Warning for everyone, do not subscribe to any system without some solid track record from which you can evaluate the investment strategy.

The system description states, "The objective is to work with maximum diversification possible, to keep down the level of risk and exploit the positive synergies of the various markets." Since when does holding short position in 3 different domestic stock market indices -- ES, TF and YM -- constitute diversification? What a joke! This is a blatant case of misleading and false advertising.

The system primarily trades currency futures and secondarily US Equity index futures. Only about 10% of trades have been in other futures, so it is not the diversified futures trading program it purports to be. After an outstanding 6 week start, the program has been flat or losing money for more than two months during which time the equity curve looks rather benign but actually has more DD than one would think. On 9-01-10 the system equity was $69,240, today it is $61,428 or more than 11% DD this month.This figure is more than twice the minus 4.6% given in the Hypothetical Monthly Results. Someone who subscribed on Sept 1st and took every trade would have lost more than $8K in 4 weeks when costs are included. This may turn out to be a great system but Caveat Emptor.