It’s been a bit of a quiet month for the results of the Guardian accounts, where we’ve posted a small positive return to close out the last month of the year. Thanks primarily to two very solid short EUR/USD trades; as was the case with most professional traders given that a lot of the major players actually take holidays! Not to mention that the typically thinly traded holiday volume can cause erratic and hard to trade markets.

It’s been a decent start to the Guardian managed program, with our Head Trader having posted three-out-of-four positive months to date, and all four with superbly consistent risk management practices. Your results could have been improved even more with often just a pip or two separating a good entry from a missed entry opportunity, or with stop loss orders being tripped just prior to good trades, as well as multiple break-even trades being tripped out just before going on to be great trades. Laurence himself is rather disappointed, knowing how much better his results have been previously, due in part to his being too risk adverse, and not taking some trades on client accounts that he did take on his own account. He’s only human though and understands what must change and has undertaken to do as much; there can be no doubt that he is an excellent trader, and just needs to ensure that he trades client accounts just the same way he does his own – with 100% confidence.

From a personal perspective, I have to say that I remain very confident with Laurence, and I view him as one of the best long term prospects I can name and have staked a large part part of ’s success on his continued good trading. He trades sensibly and I have little doubt that year to year accounts will grow – maybe not as fast in some periods as others but then I doubt you’ll ever hear of a significant bad loss either and that’s why I have no hesitation in suggesting his 2X leverage option. For those with a healthier risk appetite I can certainly point you in the right direction, with multiple aggressive scalping options available through our Managed FX Account Introductions program.

Official December Results

• NMi Guardian Account: +0.6%

  This is for the standard-leverage option, which is otherwise still building to 1.5% base-risk per trade, while at times half-risk trades are also applied.

• Guardian Account: +1.9%

  For the double-leverage option with 3% base-risk per trade, while at times half-risk trades are also applied.

• New Millennium Gold Rush

  We’d like to continue to remind you of this very simple, long-only gold trading system; designed with non-traders in mind, but who would still like to make direct investment decisions. If you’re a gold bug, then you should see what this has to offer, in short: gold with leverage. And in this current market, it can’t fail to be successful!

  The system is enormous value to the right individual at the current price of $99. When applied to an account funded with $10,000, the very first trade will net you $500 profit. This system is so straight forward that it will take less than an hour of your time to understand and setup.

  As a gesture of ’s support of the Sea Shepherd Organisation, who save thousands of Ocean creatures each year from unlawful and inhumane deaths, we donate 50% of the revenues generated from this product to their cause. If you still haven’t taken advantage of this system, click the heading above to learn how it is that you can buy 10k worth of Gold and and 10k worth Silver with just a 10k deposit AND do your bit for the Oceans and its creatures.

Pendulum EA development

The never ending story of our Pendulum EA continues relatively unabated (aside from some well-deserved time taken out over the Christmas and New Year holidays). Being as confident as I could possibly be at this stage with the final recent shakedown proving that this version is good to go, the setup of a live account for trading got underway over the past 2 days and pleased as I can be to say it posted 2% both days, all flat to the market.

The long lingering extremely hard to crack bug has finally been cracked thanks to the diligent efforts of the coder and countless hours.

With only some small refinements outstanding before the official release, the transition from the original concept to this end product is now almost complete. There is still much more future development in planning too, for which I’ll release further details in due course.

NMi Managed accounts moving forward

Business as usual is the order of the day. Laurence will be recommencing trading this week, and we’ll also be putting the final touches on a new brokerage arrangement with Sparen FX, allowing him to trade a MAM account that will offer you a new brokerage option.

We’re continually working away behind the scenes, and have been doing some R+D on several promising EA systems. The highlights so far have been the directionally biased long AUD account, and a Multi-currency account, which have both shown fantastic performance – particularly when used on the EUR/USD pair.

1. Australian Dollar Account – based on fundamental carry/swap trade and strength of resource/China boom;
2. Multicurrency Account – multi-currency trend following EA;

The Multi-currency EA system is so good that we’re compelled to working towards the establishment of a MAM account at Sparen FX for this one – more details to follow. The long AUD account is a bit more controversial, with some folks becoming increasingly bearish on China and with that having doubts about the continued strength of the AUD. However, while this trend continues the account’s performance speaks for it itself, and is really something that I should have been running for some time already. Of course, no one can know for sure how much longer the trend can go on, but for now the AUD continues to make higher highs on both USD and EUR.

NMi FX Forum

We still plan on opening our forum to the public early in 2011, but are currently deliberating on how to synchronise it with the release of our Pendulum EA which seems to have “arrived” at about the same point in time!

If you haven’t been following these monthly newsletters, I should reiterate that our forum will contain in depth information on some interesting EA project accounts we run, as well as additional insider details about those accounts. In fact, we’ll be disclosing the EA’s that we use, along with extra insiders’ information on best practices for their optimal use, and where and how to obtain them. In due course, our plan is also to work the best of these systems into the managed account offerings, and especially to cater for individal needs. Bonuses will include a free EA or two of our own design as well as leads on some of the best how to trade mentors, signal accounts and even some interesting “off the shelf” options that you won’t usually hear about. Ultimately this forum will become the culmination of anything and everything that’s passed our desks, or come through our network of connections, and that we think has seriously good merit for anyone interested or who is already invested in the FX market.

As always, if you’ve any questions please feel free to ask leaving a comment below, or you can use the contact form to reach us directly. Either way we’ll always aim to give you a quality response by the next business day.