All of those so-called expert bragging trading performance sites are for clowns Anyone who's truly successful I can't imagine would waste time with that silly nonsense. Well maybe two or three or five...out of the 10,000 users are actually, really successful -- but they are the exception rather than the rule. But even then, their strategy or agenda is questionable or suspect still.
In what regard are you asking? As a developer or subscriber? It depends on what you expect to get from the sites.
New here. I have not tried Collective2 but I liked how quickly I was able to add my Mt4 account to MYFXbook. To be honest though, like many sites, I try it, forget it and never go back. It seemed nice when I paid attention to it! Sorry that is not much help. -E
As a developer, C2 generally works well 99% of the time. Nothing's perfect I suppose. I have no experience with MyfxBook.
Just did take a look at C2, I would say 99.99% of systems is garbage. Did only find one one single system I would feel safe to work my money, and that is "XessIVol". Yes I do have high expectations regarding risk vs return metrics.
The site has been around since 2001. It has tons of subscribers and controls millions of dollars in trading accounts. But I do respect that everyone is free to have an opinion after they "just did take a look..."
Want to see annual average returns two times or higher of the max drawdown of the system lifetime. Ex. if the max peak to valley drawdown is 10% over a trailing 3 year period, then the annualized return should be minimum 20%. For my own quant system the relation is at 2.5x, I can chose my my annual return based on how much risk I'm willing to take. I can make 25% annually for 10% risk or 100% return for 40% expected risk.
I have been a member at C2 for many years. And would say that most expose them self to way too much risk. Majority are shoot-to-the-moon and happy-go-lucky systems that target audience is retailers that want to get rich quick. I have seen countless systems explode in the face of the subscribers.. well you bought the lucky ticket to get rich quick. ;-)