We’ve come to the end of another month here at 
, it seems like they flash by faster and faster! As far as possible we’ll keep this update as brief as we can…
This month we’ll cover the pre-release programme of our Pendulum EA; the previously mentioned potential new Managed accounts, and a review of the top 2 performing accounts in our Managed FX Introductions Portfolio: We’ll expand on all these further below.
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
We’ve been providing introductions to several accounts for some time already and, as we announced last month, we’ve more recently discovered a real gem: This provides a very exciting account option for you, especially now that we’ve been observing performance and conducting due diligence for some time. Of course, I’m referring to the Sparrow, which just chalked up another consecutive profitable month (bringing its no losing month tally to 10 consecutives on this tracking account):
- Sparrow Account for March: 5.95% in realized gains over 7 trades, 100% winning trades.
| 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% |
| TOTAL CMPND: |
125.97% |
| MONTHLY AVG: |
9.57% |
The Sparrow account is one of the best, if not the best managed account program that has passed over my desk in a very long while. Cutting straight to the chase, so to speak, here’s a live real money account link refreshed for the month of March:
Live Sparrow account performance
The REAL highlights are:
- 4.4% drawdown – this is stunning and very few accounts can even come remotely close to this number;
- Self imposed maximum drawdown limit of 11.5%;
- Principle guaranteed by the broker – not to be confused with a claim that the trading system cannot lose, but they are confident enough in the system that they will undertake to cover any loss of principle (which to date has not occured)!
As outlined previously, the system itself is the product of years of development with the private traders involved prior to the official offering to clients, which commenced some 2 years ago. If you’re genuine about long-term income from FX, then this is an account that deserves your immediate and most serious attention. The one catch, if you can call it that, is that it requires a US$25,000 minimum investment.
Another standout of all the offerings for March was the McLaren account, which chalked up an impressive 10.01% as the Scalper systems struggled by compare.
McLaren Account for March 10.05%
McLaren is a trend-following EA system managed by an experienced designer and trader, which can do really well in strongly-defined trends as was the flavour in March, often prospering during times that scalping systems struggle, which provides for great measure of diversifcation.
The minimum initial investment for this account is currently US$10,000.
NMi Pendulum EA development
Continues in earnest! This is my biggest focus presently.
Our main live FWD test demo account peformed very well during March, with relatively limited maximum open position drawdown (under 20%) and posting a 9.35% month. This was entirely hands free and goes a very long way to proving the concept and possibly this month I’ll recommence real money trading with the recently selected broker with the most favorable overall package. All of this and much more has been the topic of communication directly with the development group this past month, so an official launch may not be so far away now!
Just one slight blemish on the live FWD test demo needs to be clarified – overly keen as I was to apply a recently developed EUR/USD SET file (newly developed settings for EA), I mistakenly left the lot size 10X the size it should have been, and this was on the day of the ECB rate hike decision which was a day of much whipsawing before the market broke free of its range. It didn’t take long to get into a make or break final roll of the dice, the account needed the EUR/USD to dive to save the day, instead it rallied and turned the 4k demo plus all its gains into a $563 account. So be warned… and make sure you have your money management (MM) set up correctly!
This week however I’ll be cranking up a new live FWD tester that will be the mirror of a live real money account to be setup shortly thereafter. All of the lessons learned from the previous account, as well as all of the most recent developments and EA upgrades will be applied to this account (and be made available to the pre-release group).
NMi Managed accounts moving forward
The behind the scenes R+D on several promising managed accounts and EA systems continues, which as previously undertaken we’ll expand upon more in a future blog post whereupon you can better judge the long-term performance. As part and parcel of an official managed account service offering, we can also more fully explain the other performance characteristics. Discussions are also still underway with a trader previously mentioned that has 2 extremely promising systems that are performing very impressively.
The long AUD account saw quite a bit of action this month and provided some real food for thought. The Japanese earthquake + nuclear disaster caused a rapid liquidation of AUD positions in the market versus a range of currencies, including all the ones that this account was short! It was truly a “black swan” event.
The live FWD test demo saw hefty open drawdown, and even took a couple of losses. Then inside of the month and more so to date, the AUD bounced back against all the currencies and then some more (so too this account) – it was an extraordinary buying opportunity in hindsight but at the time the market was crashing, you’d be a brave person to stand long in the face of it with leverage. The live FWD test account prospered in end, even with some trades that hit their stops included while I elected to take a live 20% (approx) loss versus chancing where the bottom may be.
Live AUD forward-test demo
This is a medium risk fundamentals based grid trader and risk is reduced on LIVE real money account.
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. Named the Mirror account because it’s run with a unique tweak, it’s 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.
