Joined this strategy in early 2025 when it was at peak and it has been pretty flat since then. I have been watching the positions closely, and even though it ultimately comes out on top, there are long stretches where its trades simply do not align with market sentiment. Bad positions are dealt with averaging in usually until the strategy decides there is no hope and closes the positions. Since they close losers eventually (even sometimes manually), the strategy is not as risky as others. I do think there might be some kind of 'edge' by playing the correlations against each other but the returns are modest.

Long term this strategy seems to do ok, although imho they do not trade often enough. I have seem the holdings go up in value, no action, then drop significantly loosing the profit, yet to repeat the rise, no sale and drop again. Long term they do extract some value but it could be better.