I found this strategy at collective2 https://collective2.com/details/138157145. It looks like the guy found the holy grail. He has an almost impeccable record. Or maybe he got very lucky. At the same time, it looks like he is using a type of reversal strategy plus he averages down, which allows him to have that high precision. However, there is a big chance that he might have a very big loss in the future that will annihilate all his previous income. Anyway, at this point, his results look very interesting.
If he's averaging into losers then the big loss is inevitable and will be spectacular. It's all fun and games until that one day when the market doesn't turn back.
6 months is too short to prove anything. There are hundreds of thousands strategies at C2 that performed great in a few months yet bust in a year. https://collective2.com/details/135199024 https://collective2.com/details/132692805 https://collective2.com/details/128871252 https://collective2.com/details/132670393 Strategies that performed well more than one year are 100 times better than those that performed well in a few months, because only 1 out of 100 strategies who did well could last more than one year. And those who did well in more than one year also bust after 3 years. If you search for C2 strategies that make more than 100% annually and drawdown less than 30%, you get none. Change to less than 3 years and more than one years you get 3. Change to less than one year you get unlimited( including those that bust in the past.)
actually, there are many people who have already found the holy grail. Just go and google it. Occasionally I'd look at it for entertainment purposes.
I assume that if there are people that found the holy grail, they would be widely known with proven assets. I assume if those conditions are not met then they are just internet trolls
I wasn't really referring to his return, but to the fact that he got almost 100% of his trades right.
Not 100%, it is like 90%+. If you average down for every trade when market goes against you, you make like 90% + winning until you bust. It is not rare that in the past some C2 strategies got 90%+ winning trades until they bust. None has survived so far.
If you pay $20 monthly fee at C2, I will show you a holy grail strategy that beats this strategy by high margin.