Well, here we are at the end of another month at 
. Much has occured in the currency markets this past month with Silver nearly topping $50 and then quickly correcting to less than $35, amongst a bunch of currencies posting all time highs versus the US dollar. Suffice to say those that were short the dollar indeed did well and I posted my best month of personal trading in April, even after a good run over the last several months.
In this post we’ll briefly cover the pre-release programme of our Pendulum EA; touch on one of the previously mentioned potential new Managed accounts, as well as a brief review of the top performing accounts in our Managed FX Introductions Portfolio: We’ll expand on all these further below. The service provider for some of our Managed Accounts have not yet posted their monthly results, but rather than keep you waiting we’ll update our website as soon as the figures are made available. And in the mean while, there’s plenty of other news here to be going on with.
The entire current range of managed FX intro’s and up-to-date results can always be found on the Managed FX Account Introductions section of our website. Bear in mind that we quote gross figures on that page, whereas the account links we provide in these updates reflect lower figures because they are calculated after performance fees have been applied.
Managed FX Introductions
The Sparrow rates as the top performer in terms of trading performance, chalking up another consecutive profitable month (bringing its no losing month tally to 10 consecutives on this tracking account):
- Sparrow Account for April: 8.62% in realized gains over 5 trades with 1 loser of less than 0.5%.
| Sparrow Account Results To Date: |
| July 2010: |
4.17% |
| August 2010: |
13.44% |
| September 2010: |
13.31% |
| October 2010: |
9.68% |
| November 2010: |
10.21% |
| December 2010: |
11.39% |
| January 2011: |
8.69% |
| February 2011: |
8.84% |
| March 2011: |
5.95% |
| April 2011: |
8.62% |
| TOTAL CMPND: |
144.61% |
| MONTHLY AVG: |
9.39% |
The Sparrow account live real money link refreshed for the month of April:
Important News on the Sparrow account: Presently there are some outstanding issues regarding the Broker that offers this account and until the issues are resolved to the full satisfaction of all parties concerned I am suggesting that prospective clients do not invest. Those seeking further information on this matter are welcome to contact me directly.
NMi Pendulum EA Development
Continues in earnest! There have been some new developments this past month, which have been shared with our development group: I’ve discovered another currency pair that runs very well with Pendulum, bringing the total to 5 pairs. There’s still a couple more tweaks required to bring it to the stage where we will be entirely comfortable about live trading, and I expect to be able to tick those boxes this month – provided, of course, that I don’t encounter any unexpected curveballs between now and then!
NMi Managed Accounts Moving Forward
Behind the scenes R+D on several promising managed accounts and EA systems continues as always, and this time we also have a link to the trader’s live account as a taster for one of the prospective options that’s lining up well. The system he’s running is modified version of the same EA that trades the Mirror account – only this flavour is his special $500 in 17k over 4k years (with max DD of 50%) model:
Don’t be fooled by the rather misleading drawdown figure, this account has seen 15-20% open position swings, because it is setup very aggressively. That being said, the trader’s position is that he can handle a $250 risk per $500 down for a chance at 17k over years, this is his outlook though and obviously he trades it himself with a bit more than $500. The purpose of the account is to demonstrate with how little investment it can be done – but most likely, when it becomes available, the minimum entry will be in the order of US$2,500.
Here’s a brief review of the system we run:
Live AUD forward-test demo
Almost considered “ol faithful” this is a medium risk fundamentals based grid trader. We’re running this reduced on a LIVE real-money account, and keep a little more reserve “in the bank” to buy and hold the big dips.
Live MIRROR forward-test real money
This is a low risk trend-following grid-based trader, run at low risk on LIVE real money accounts. It won’t set any records in the ROI department but it’s a very easy to live with account in that drawdowns are very low. Probably it has set a record for minimal drawdown of late but there will come a time I am certain when the system gets pushed a bit harder then it has been more recently.
We’ve named this one the Mirror account, because it’s run with a unique tweak: It’s actually two EA’s set to run identically, except that one instance takes long-only trades and the other instance takes short-only trades. As one side goes into drawdown, the other side acrues balance gains and over time gradually the edge plays out.
As always, if you’ve any questions please feel free to ask by leaving a comment below, or you can use the contact form to reach us directly on any of the above mentioned items. Either way we’ll always aim to give you a quality response by the next business day.
