New Millennium Inc.

Forex and Commodity Trading Services

September+Results+Update

By Adam Liddiard | Published: October 3, 2009 | Comments closed

Once again we’ve come around to that time of month again, even though it seems like only yesterday that I was writing last months report!

Again, the portfolio as a whole achieved a respectable result this past month. Despite a losing month on the Hunters, those with their risk diversified across a range of NMi accounts were again positive overall. This shows the value in applying modern portfolio theory; that it’s recommended for investors to employ a wide range of uncorrelated strategies in their portfolio to maintain a consistent equity curve.

I’m pleased to report that plenty of progress has been made in the back end of the business. We now have three VPS structures, with one dedicated to each specific account type: one for the NMi Miners; one for the NMi Scalpers; and the last for the NMi Hunters – although our NMi Gold accounts share VPS space with the NMi Miners.

The development work for our newest proprietary EA system continues, and I’m not sure that it will ever completely end. That said, we do have one client account running live already – upon his insistance to get it into live trade, no less! So far so good, it’s been in trade for only a short while, and even though it’s not designed to be an extremely high yield system, it’s already in profit and moving forward nicely. There’s virtually zero DD to-date, but then again the market has been kind to the likes of this system just recently. Before it’s released en-masse, I’m refining the system and its settings even further to allow it to operate comfortably on the AUD/NZD pair, as well as the current EUR/CHF pair for more balanced operation in general. I continue to be really excited about this system in particular, which I view as the best long-term automated trading-system for a number of reasons that will soon be revealed. You should expect to receive a detailed overview of the system this month provided I can make the time and no technical hold-ups preclude me from doing so.

Moving on, if you’d like to see further information on any of our current accounts, click on the name of the account below, and as always please do feel very welcome to follow up with a direct inquiry. We’re always delighted to furnish genuine inquiries with live-account statements, read-only access to live-accounts, and of course to address any concerns you may have.

Official September Results:

The NMi Miner account performed as expected again, bringing no surprises given the rock-solid predictability of this system. The market did make its typical runs against the system and back again, and has continued to move away from the ideal entry zone on AUD/NZD (which has recently been the most profitable pair) and hence leverage has been reduced. Simultaneously, the market is moving into favour of the EUR/CHF where leverage has been increased accordingly and some recent northbound market spikes were very nicely received in favour of the NMi Miner system on the EUR/CHF pair.

The NMi Hunter account, by comparison, has had a tough month in terms of returns (some accounts did see a realized 5-10% dip) versus maximum drawdown (15-20%). The xxx/JPY pairs did head south this past month and I was not always on the right side of a lot of those moves. The bread and butter AUD/USD and USD/CAD pairs have, however, been very kind to those accounts and continue to be so. The recent GBP weakness is the toughest pill to swallow causing the most grief in the accounts with our short EUR/GBP position. But given time, patience and good money-management, we’ll find ourselves out of that trade.

The NMi Scalper account has again had its ups and downs as is its character. Still we ended positive, taking into account that the last trade of the month changed the outcome from what would have been 5% plus result. I concede that it’s not yet living up to expectations, but still we are, at least, headed in the right direction.

The longer running NMi Managed Gold account performed the best in terms of realized gains this month with some nice northbound moves. Still, I note that gold is struggling to go above US$1000, yet at the same time it gets bought up aggressively on the dips and has maintained its high price – this shows buying support for now at least. It’s tipped to go much higher still, but I’ve learnt not to buy into that sort of hype. If it does indeed go higher, we will of course be on the lookout for long positions, but even if it tanks then that would be fine too.

The NMi Self Managed Gold account again did close a trade this month for a near 5% trade, and just missed out on the US$1025 target by $1 which would have resulted in a near 10% month – after several months of sideways action the gold market finally came to the party with this simple system.

If you have any questions please do feel most welcome to contact us, and we’ll endeavour to get back to you by the next business day.

Sincere Regards,

Adam Liddiard Signature

Adam

  1. Results are calculated based on end of month balance on account/s tracked, excluding management fee of 20% on profits if applicable. ↩

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August+Results+Update

By Adam Liddiard | Published: September 1, 2009 | Comments closed

Hi there,

Well, it’s come around to that time of month again.

Overall, the entire portfolio achieved a respectable result this past month and, with our infrastructure and manpower becoming increasingly able and refined, we are very well placed for the future!

We’ve completed much of the development work for our newest proprietary EA system. I’m really excited about this system in particular, because I view it as the best long-term automated-trading system for a number of reasons that will soon be revealed. You should expect to receive a detailed overview of that system this month.

Moving on, if you’d like to see further information on any of our current accounts, click on the name of the account below, and as always please do feel very welcome to follow up with a direct inquiry. We’re always delighted to furnish genuine inquiries with live-account statements, read-only access to live-accounts, and of course to address any concerns you may have.

Official August Results:

The NMi Miner account performed as expected, bringing no surprises given the rock-solid predictability of this system. The market did make its typical runs against the system and back again, but has now moved away from the ideal entry zone on AUD/NZD (which has recently been the most profitable pair) and hence leverage has been reduced. Simultaneously, the market is moving into favour of the EUR/CHF where leverage has been increased accordingly.

The NMi Hunter account had a stellar month in terms of returns (+10% best) versus maximum drawdown (-5%). The xxx/JPY pairs did head south this past month and I am glad to say I was on the right side of a lot of those moves. The bread and butter AUD/USD and USD/CAD pairs have also been very kind to accounts, as have some long GBP/USD positions after its 800 pip move south from 1.60.

The NMi Scalper account has again had its ups and downs, but this month we had some great days which put them well into positive territory overall. We did deploy the old version of the other EA (non-scatter-trade version), and operated it on a pair that has been producing good profits lately (USD/CAD), as well as continuing with what has long been a profitable pair (EUR/CHF) at reduced risk.

Given that our selected broker changed the spread structure, all NMi Scalper accounts were taken out of trade for one week while others took the chance with real money. Since no dire reports surfaced for the second week they were re-applied at low risk. The accounts did make gains live so it would seem that profit potential continues to lay in the systems and risk will be increased back to the previous settings this coming month.

The longer running NMi Managed Gold account returned a small positive this month, with predominantly sideways-to-bullish gold price over the course of the month again. That is, until the last two days of the month when gold rocketed northward into the 990’s (6 month highs) and more balance gains have been made in the past two days than over the whole of last month.

The NMi Self Managed Gold account again did not close a trade this month, but did so shortly thereafter, so is approximately 5%+ month to date.

If you have any questions please feel welcome to contact us and we’ll endeavour to get back to you by the next business day

Sincere Regards,

Adam Liddiard Signature

Adam

  1. Results are calculated based on end of month balance on account/s tracked, excluding management fee of 20% on profits if applicable. ↩

  2. No trades were closed this month. ↩

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July+Results+Update

By Adam Liddiard | Published: August 1, 2009 | Comments closed

Well, it’s come around to that time of month again. We’ve had an awful lot going on behind the scenes, investing a great deal of time into what I believe to be the best long-term automated trading system of it’s kind. It’s very much based along the lines of, but is actually superior to, the strategy employed with the NMi Miner accounts.

This and a host of other changes implemented over this month are all aimed at the long term success and ongoing viability of NMi, but focusing on that along with some sub-optimal trades on my behalf have impeded the NMi Hunter and NMi Managed Gold account performance this month. Nonetheless, rest assured that nothing is amiss, and we’re simply laying more groundwork for the future.

We’ve also gained a new team member, who is being trained to work on our web-based non-trading work load, which will free time for me to do more trading, which equates to more profits on the trading accounts!

Expect to hear more shortly, about both my latest creation and our newest team member.

Another point I want to bring to your attention is that despite this lean month, we’ve still produced an overall positive result across the entire portfolio, and we did it with relatively low volatility and low risk when measured in terms of both balance and peak-to-valley performance. You can bet that I would have liked to have seen better results, but half the challenge with FX is in not losing; because, the good months will come to those who are patient and are able to view FX investing over the long term, and not as a day-to-day adventure.

If you’d like to see further information on any of the accounts, click on the name of the account below, and as always please do feel very welcome to follow up with a direct inquiry. We’re always delighted to furnish genuine inquiries with live-account statements, read-only access to live-accounts, and of course to address any concerns you may have.

Official July Results:

The NMi Miner account performed as expected, bringing no surprises given the rock solid predictability of this system. The market did make its typical run against the system, followed through by a move back into its favour… and against, again. All these moves are very much within the expected tolerance limits. Open position draw-down did become very low during the course of the month, but I took the opportunity to exit final remaining open-positions for some FXDD based NMi Miner accounts: especially in light of the potential new NFA FIFO regulations coming into force at FXDD.

These regulations have not yet impacted any NMi Miner accounts, so if your account is still locked in, then you are not in any immediate need of intervention as yet. The worst-case scenario is to remove all “take profit” orders, and exit by awaiting a positive enough move to break even or better on all remaining open positions. This is no big issue, and just requires understanding the exit plan.

The NMi Hunter account, after a stellar month, went relatively quiet. Unfortunately I didn’t fully capitalize on the biggest single opportunity: I used the beginning of that move to get accounts back to a near flat state with no open positions. I’m pleased to say I achieved that objective, albeit at a small cost, although if I’d held, we’d have experienced another month similar to the last. But that’s a traders life sometimes.

This coming month, if stocks do tank big-time, then you will be sure to see some significant gains on the xxx/JPY positions in your accounts. We’re definitely in territory where JPY is very oversold, and any market scares will see significant yen strength. If you have any stocks, a simple 25% trailing stop strategy will assist in lifting potential losses. Many experts agree that a pullback is extremely likely in the near future.

The NMi Scalper account has again had its ups and downs, and again ended the month just above break-even. The achilles heel of this system is that it can suffer losses that are significantly bigger than any one winning trade, and frustratingly that is what occurred again this month. I still remain faithful to the EA’s currently in use, in fact one of them has only had one losing trade to date, so it remains in place and unchanged for the coming month.

We’re looking to deploy the old version of the other EA, and operate it on a pair that has been producing good profits lately, as well as continuing with what has long been a profitable pair (except very recently – EUR/CHF) at reduced risk. Because, the old version is from before the scatter-trade releases, which the designers equipped with a delay function to cope with so many market participants wanting simultaneous execution at the same broker. This way execution would at least occur, when previously literally hundreds of market participants wanted the same price at precisely the same moment, and the orders couldn’t be filled.

All of that accounts for the slightly inconsistent entries and exits experienced across accounts. Now that most users have moved to the scatter-trade version, it makes sense for us to move back to the old version, because then our trades with the old release will be towards the front of the line, versus being delayed and at the end of the line for many users of the newer versions.

The longer running NMi Managed Gold account returned a small positive this month, with a predominantly sideways-to-bullish gold price over the course of the month – still accounting for some downside risk protective shorts that remain in place. These days gold behaves more like stocks, and is highly speculative. As such, I think when we see a pull back on stocks, gold will follow: Although I remain bullish in the medium to long term.

The NMi Self Managed Gold account did not close a trade this month, after an outstanding performance last month, with the price of gold going more south than north without a significant retracement to profit from.

If you have any questions please feel welcome to contact us and we’ll endeavour to get back to you by the next business day.

Sincere Regards,

Adam Liddiard Signature

Adam

  1. Results are calculated based on end of month balance on account/s tracked, excluding management fee of 20% on profits if applicable. ↩

  2. No trades were closed this month. ↩

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June+Results+Update

By Adam Liddiard | Published: July 1, 2009 | Comments closed

We trust this post finds you well. We are quite proud to post our very best overall month of results to date after a very busy month of trading, with our single highest monthly return so far on any account – the NMi Hunter at 18.69% on our tracking account.

If you’d like to see further information on any of the accounts, click on the name of the account below and feel welcome to follow it up with a direct enquiry. We can furnish genuine enquiries with live account statements, read only access and address any concerns you may have.

Official June Results:

The NMi Miner account performed as expected, and not to sound repetitive, but again no surprises given the predictability of this system. The market did make its typical run against the system followed through by a move back into the favour…and against, again. All moves were very much within the expected tolerable limits. Open position drawdown did get very low during the course of the month which quite often occurs as the market returns to an equilibrium in relation to this strategy and currently running well within expected tolerances.

The NMi Hunter account has also been performing exceptionally well, with a maximum open position DD of around 8% and just shy of an official 20% month on the account we currently track. It’s a lot of work to trade this particular account but the returns that can be achieved are very much commensurate with the input.

The NMi Scalper account has again had its ups and downs and ended the month just over break even. We had a very good start on accounts, with steady gains across the month. The achillies heel of this system is that it can suffer losses that are significantly bigger than any one winning trade. I still remain faithful to the EA’s currently in use and if not for the one or two losers over the month we’d have seen a good monthly return.

The longer running NMi Managed Gold account returned a nice positive this month despite the downturn in the gold price over the course of the month – which is the real advantage of this predominantly bullish gold system over the Self Managed Gold Account option…

The Self Managed Gold account did not close a trade this month, after a stellar performance last month, with the price of gold going more south than north without a significant retracement to profit from.

If you have any questions please feel welcome to contact us and we’ll endeavour to get back to you within 24 hours unless it’s the weekend.

Sincere Regards,

Adam Liddiard Signature

Adam

  1. Results are calculated based on end of month balance on account/s tracked, excluding management fee of 20% on profits if applicable. ↩

  2. No trades were closed this month. ↩

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May+Results+Update

By Adam Liddiard | Published: May 31, 2009 | Comments closed

As per usual we’ve been feverishly working away behind the scenes and are proud to post the second round of results across our new range of NMi Managed Forex Accounts that have actually been in live trade for more than 4 months now, as well as our two longer running NMi Managed Gold and Self Managed Gold Account options.

If you’d like to see further information on any of the accounts, click on the name of the account below and feel welcome to follow it up with a direct enquiry. We can furnish genuine enquiries with live account statements, read only access and address any concerns you may have..

Official May Results:

The NMi Miner account performed as expected, no surprises given the predictability of this system. The market did make a 500 pip move against the system which it soaked up with ease, even on a 2 x leveraged account, as it is designed to do. Later in the month the market made a big move back into the favour of this system…racking up a heap of gains along the way and significantly reducing open position drawdown, in some recent accounts to zero open position drawdown at times.

The NMi Hunter account has also been performing exceptionally well, with a maximum open position drawdown of just 5% and not too far shy of a double digit month on the account we currently track. Just one relatively minor blemish on the account with a bad CAD/JPY trade, spoiling an otherwise near perfect run.

The NMi Scalper account has by comparison had its ups and downs and ended the month close to break even. Not such a bad result considering the potential ROI and leverage involved. To this point this week we have seen close to a 7.48% gain in just 3 days of trading – at that rate it would more than double an account over 4 weeks, that’s what this account is about and why the monthly profit expectation is posted at 20 -30%.

The longer running NMi Managed Gold accounts both returned positives this month with the Self Managed Gold system posting an exceptional result. The Self Managed Gold system is absolutely long only so of course it really prospers in the uptrends….by the same token we had two months prior without a result and there is increased downside risk by comparison to the managed option. The NMi Managed Gold account has also posted some nice gains this week and is on a good start for June.

If you have any questions please feel welcome to contact us and we’ll get back to you within 24 hours unless it’s a weekend…even then you’ll probably get lucky.

Sincere Regards,

Adam Liddiard Signature

Adam

  1. Results are calculated based on end of month balance on account/s tracked, excluding management fee of 20% on profits if applicable. ↩

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Gold+Trading+Robot+gift+to+you

By Adam Liddiard | Published: May 21, 2009 | Comments closed

We trust you are well.

For those of you who are using our NMi Gold Rush system, by now you will have discovered that there is a weakness related to using 0.1 lots and US$50 spacings:

Let’s say you have a buy limit order set at US$875 and a TP of US$925 on that order, and perhaps another open US$925 long with TP at US$975. Then, the market goes to US$880 (just above the US$875 order, so it’s missed) and then proceeds past the US$925 (missed TP point because you didn’t buy at US$875) and onwards to US$965 (this happened recently): This results in no trades, and no profits over a range from US$880 to US$965 in the example above… a big move!

The good news…

To address this weakness, we’ve now created our very own EA: NMi Gridder EA. This is automated software which buys an order 1/10th the size, but 10 times as often, with the same US$50 TP objective on each order. You’ll struggle to do this manually and that’s a big advantage with expert advisors…AKA “Robots”.

That is, instead of buying 0.10 lot every US$50, you get your Robot to buy 0.01 every US$5 with the same TP objective of US$50. It’s vastly more efficient this way, and involves negligible additional downside risk that is outweighed by the vast increase in efficiency. (An MT4 generated backtest to be tendered in a future post will confirm this).

The standard system will still be profitable over the long term (and we will continue tracking it), provided gold keeps within its range of the last couple of years or goes higher. If the standard system really appeals, you needn’t change a thing.

The really good news…

The proprietary NMi Gridder EA is complimentary to all current NMi Gold Rush clients as a thank you for your business. And into the future, it will be added to the package as well as being available as a standalone trading tool. The NMi Gridder EA is a very useful tool once you learn how to apply it and we use it everyday to assist us in actively managing our NMi Miner and NMi Hunter accounts.

So, is there any catch? Not many in fact, but here they are:

  • You will need to upload and setup our NMi Gridder EA.
  • You will need to use FXDD broker in the US, the only broker I know that offers gold in 0.01 lot sizes.
  • You will need to have your MT4 platform running 24/5 (or get it hosted on a virtual server, we can help you there too).
  • You will need to advise us of the account number on which you intend to trade and we’ll send you the compiled EA/Indicator combination with full instructions.
  • There is only 1 demo and 1 live account activation per licence.

Those of you interested in the performance of this simple new approach using the NMi Gridder EA set in the afore-mentioned fashion, just click here, which will take you to a recently commenced US$10,000 demo. Save this link and refer to it from month to month and see it’s “slowly but surely” progress…that is if you can call 5% per month slowly.

Don’t let the fact it’s a demo put you off either – with this particular type of system, demo testing is as good as live money (not the case with scalping EA’s for eg). We do, for the record, run a small portion of our portfolio with the standard NMi system, but obviously for us (and Managed Gold Account clients) the larger portions, Adam trades manually.

That’s all for now. Cheers to our prosperity.

Kind Regards,

Adam Liddiard Signature

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April+Results+Update

By Adam Liddiard | Published: April 30, 2009 | Comments closed

We’ve been feverishly working away behind the scenes and are proud to officially post the first round of results across our new range of managed forex account options.

All of our new accounts are going from strength-to-strength with some very good numbers being achieved, especially by comparison to the longer running NMi Managed Gold account which has been copping more downside gold price action of late than up.

We’ll be summarizing our results updates from this point forward, so to view the full history of results for each account, click on the name of the account below:

Official April Results:

Self Managed Gold accounts missed a TP target at $925 by just $7 and missed a 5% return this month. Unfortunately it also missed 2 trades last month for the same reasons. We do however have a solution, an EA (autotrader) in current test mode that will address this deficiency for improved efficiency and guaranteed profitability on balance month-to-month, which will be available later this month, so keep a lookout!

If you have any questions please feel welcome to contact us and we’ll get back to you within 24 hours.

Sincere Regards,

Adam Liddiard Signature

Adam

  1. Results are calculated based on end of month balance on account/s tracked, excluding management fee of 20% on profits if applicable. ↩

  2. No trades were closed this month. ↩

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New+Millennium+Managed+Forex+Accounts

By Adam Liddiard | Published: April 22, 2009 | Comments closed

Indeed it has been a while since my last post – I have been very busy trading some new systems for the last several months with some exciting results.

Although I’m a gold bull at heart, like many of you, as I write this I’m currently watching gold test the previous recent low of $US865 now potentially forming a double bottom (if it breaks we can expect more downside with not much noted support until US$800).

My speciality is in trading itself and I’ve long been a supporter of diversification into various unrelated strategies in the market to achieve consistent monthly gains.

To that end, we here at NMi have some exciting new managed forex account options requiring lower minimums to invest, some posting double digit monthly returns on REAL MONEY accounts:

  • NMi Managed FX Hunter Account

    The objective with this account is to be buying up certain currencies as they become cheap relative to the USD – mainly buying long positions on the CAD, AUD, CHF and GBP.

  • NMi Managed FX Miner Account

    This account employs an EA which is a form of auto-trading system with discretionary management applied that achieves very consistent but small daily gains with relatively low DD.

  • NMi Managed FX Scalper Account

    A high leverage, high risk and commensurately high ROI account, employing a combination of two scalper EA’s with discretionary management.

Both the NMi Miner and the NMi Scalper accounts are hosted on our dedicated VPS at no additional charge to our clients, and they are managed by myself. We also have a new team member, Emmanuel Gob, onboard as our VPS Technical Manager to assist in maintaining and supervising our VPS. To date Emmanuel has been invaluable and you can rest assured our team is acting in varying capacities to provide our growing client base a high level of client service.

As we manage each account individually, your risk preference can be precisely customized. For the most part the EA’s are left to their own devices but from time to time, manual trading intervention becomes prudent to both limit losses, decrease volatility and to increase the likelihood of profitability.

If you’ve any questions at this point please check our recently updated Managed Account FAQ page.

If you’d like to proceed with opening your own brokerage account please check our recently updated How to Open a Managed Account page.

Some of my clients who keep in close contact have already ventured into some of the above-mentioned accounts, so to you most of this will be “old news”, but the NMi website now reflects the offers in a more “official” capacity.

As usual, if you’ve any questions not covered on our website, please feel free to contact us and it will be our pleasure to respond.

Sincere Regards,

Adam Liddiard Signature

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Alpari+5-10%25+Credit+Bonus

By Adam Liddiard | Published: March 10, 2009 | Comments closed

Between March 9th 2009 and May 31st 2009, open a Live Trading Account with Alpari (UK) and receive a 10% credit bonus1 on new deposits directly transferred from NFA, FSA and EU based regulated brokers, not affiliated with any Alpari entity.

Similarly, receive a 5% credit bonus1 on Live Trading Accounts opened and new deposits made, over the same period.

Kind Regards,

Adam Liddiard Signature

Adam

  1. Restrictions apply. Click here for more information. ↩

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FXDD+gives+a+3%25+bonus

By Adam Liddiard | Published: February 10, 2009 | Comments closed

More great news….

For the month of February, FXDD will deposit a 3% bonus to any deposit made.

Recently one of our managed account clients deposited funds with FXDD and he commented on the fact that it was the easiest 3% he’d ever made.

And yes, he still gets rebates for signing up through the rebate link we provide. Here’s the link in case you missed it, click here.

Kind Regards,

Adam Liddiard Signature

Adam

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