Returns are based on your personal risk tolerance and position size. You are in control of the trade size you take for each signal. Want higher returns? You can choose to risk more per trade. Want smaller drawdowns? Dial the size back. 

The following are the portfolio returns of the default margin position sizing algorithm (invests up to 150% at times), which is what Evan uses in his own trading account. See Performance Disclosures: Monthly Performance.

Click on any of the links in the table below to read our performance letter from that month.

Measurement definitions. Margin portfolio invests up to 150% at times, see Performance Disclosures: Portfolio Statistics

No, absolutely not.

We’re doing all of the heavy lifting and number crunching for you. Internally, we have the Merlin algorithm running in real-time measuring and monitoring markets and systematically producing signals.

When you subscribe to the Merlin Trading System Membership, you'll receive daily trade reports with all of the information you need to follow the system with ease.

All you need to do is log in once a day, anytime after the market closes, to review the latest trade signals and member-only pages. Most traders spend 5-minutes or less per day on average reviewing the trade reports and placing Merlin orders.

The best part about Merlin is its consistency in identifying the same types of trade setups over and over again. As a subscriber, you'll become familiar with how Merlin spots pullback opportunities in uptrending stocks and ETFs.

You'll have the opportunity to evaluate each signal and decide if it aligns with your own technical framework and discretionary analysis. You have the flexibility to skip signals that don’t resonate and focus on those that do, allowing you to maintain a consistent, structured process without giving up your personal discretion.

Our goal is for you to get the most out of your membership — if that means selectively choosing signals and leveraging the trade setups we’ve mastered, that’s perfectly fine by us. We want you to feel comfortable and confident in using Merlin to its fullest.

We love long-term investors and believe a hands-off, set-it-and-forget-it approach is the best solution for most people. Merlin isn't here to turn you into a short-term trader; it's here to enhance your buy-and-hold portfolio.

One of Merlin’s best features is that it’s an easy-to-trade, end-of-day system that requires minimal time from you. It’s designed to complement a buy-and-hold portfolio acting as a diversifier with the added benefit of dynamically raising and lowering its exposure based on market conditions.

While most buy-and-hold portfolios focus on large-cap, market cap-weighted indices, Merlin trades many small- and mid-cap companies that balance out traditional allocations.

Professional money managers should view Merlin as an alternative investment strategy, offering diversification benefits based on the return drivers of mean-reversion and trend following.

A fully rules-based system means all of the buy and sell decisions are pre-determined and based on extensive historical market testing. There’s no gut feel or subjective analysis – the system contains all of the rules to make the best decisions possible.

There are many benefits of fully rules-based trading:

• Decisions are based on real research and extensive testing of historical markets
• 100% discipline, the system always executes flawlessly
• No emotional biases
• The system is easily measurable and can be enhanced over time

What makes Merlin extra special is that it was built by a trader first.

Evan’s market observations and live trading for over a decade are at the core of Merlin’s decision making process. That means Merlin is not just applying random and impossible to explain mathematical theory, instead, it’s a simple system based on how markets really work.

The Merlin trading system is completely separate from TC2000. We run Merlin internally on our own servers and then we publish the trade data, reports, and signals to the members area of Trade Risk's website.

Once you become a Merlin subscriber you can log into the website and follow the nightly trade reports with any broker or charting platform that you wish.

We offer a fourteen day $1 trial to our trading system so you can take them for a test drive to make sure they live up to your expectations. There are no auto-enrollments or strings attached. The trial will end automatically after fourteen days.

We recommend all new users start with the $1 trial. 

Once you subscribe to any of our memberships, all sales are final. To view our full refund and cancellation policy, click here.