Thanks Chood. However, this Vortex (II?) system (charging $5 only) was one of the best performing systems listed on C2 for long time until its removal yesterday. Why didn't C2 show the poor performance of Vortex (I?) mentioned?
Probably he initially underestimated some potential problems that could be caused by Common trading vendors, and he finally has become part of them.
Don't know. I saw collective2.com for the first time only when the other ET member posted the url and asked about it. My guess, and this is a thought originally aired by another ET member regarding systems in general, is that Vortex signals were successful through 2004 because they basically were dollar shorts. Short the dollar and dress up the calls as a system at a time when anything short dollar worked gloriously. Couldn't miss. Then, when the 2-plus year trend reversed, signals go sour, accounts blow up, and customers get angry -- hello CFTC. According to some folks on Moneytec who say they bought the signals in late 2004 thru early 2005 -- here, I mean before the $5 per quarter deal for Vortex II -- Team Forex continued to advertise the signals as profitable after actual customer accounts had blown up. I don't know if that is true, but the CFTC alleges in the published enforcement action something along those lines.