I traded the DC system faithfully for over 18 weeks this year, primarily in the Forex market. With conservative position sizing (never exceeding 2% for correlated pairs), I made over 20% returns with my average drawdowns being 1-2%. This was the best results I have ever traded in Forex in four years.
It is a countertrending system with very high win rates. it trades a diverse basket of currencies. One needs to use stop and reverse techniques and actively manage your stops once in the trade. I was able to get into a good rythm with the system since he publishes the signals in the evening. I was able to achieve better results than DC system because of my money management rules that I developed. Taking 1/3 position profits at certain levels. This was a derivation of what he taught.
I stopped trading the system because I was too dependent on his signals. At times the signals worked almost magically. When he was traveling, the quality and number of trades weren't there. For the monthly subscription , DC is a very good value. For $5,000 he'll teach you his method. That's a steep price to pay. Overall, it is an effective system and I would recommend it highly.
The following user says Thank You to veigaman for this post:
I've been with DC for the last nine months. And have subscribed to multiple autotrade programs...I have yet to see the advertised 6-8% average monthly returns...
The following user says Thank You to daviknu for this post:
John Needham is offering a free week's access to everything on his website, simply by creating a free logon. This is the first time I've seen a free week in several years & it begins in the evening of Sunday, September 22.
