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New Millennium, inc

Forex and Commodity Trading Services

February+Results+Update

By adam | Published: March 10, 2011 | Comments closed

We’ve come to the end of a pretty long month here at NMi! Apologies for the delay, too, we usually aim for the first Monday following the end of the month. However, there’s quite a bit of news, although I’ll keep it as brief as I can…

In this update we cover the still running the pre-release programme of our long awaited NMi Pendulum EA, with the help of some lucky traders who are helping us to fine-tune the last details, after some 8 months – I lose count – of development. And you’ll find a link to view the progress on a live forward-test Pendulum account. Also in this update, we consider the possibility of NMi introducing a new managed account programme (or two!), as well a closer review of two of what we believe to be the cream of the crop in our Managed FX Introductions Portfolio: I’ll expand on all this further below, but if you’re impatient then you can hop over to the NMi Managed FX Account Introductions section of our website now. Bear in mind that we quote the 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. I’ll wait while you peek.

…And now that you’re back, let’s get down to the nitty gritty of our Guardian accounts.

Official January Results

  • NMi Guardian Account: -1.9%

    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.

  • NMi Guardian Account: -3.8%

    For the double-leverage option with 3% base-risk per trade, while at times half-risk trades are also applied. Some accounts saw -5% depending on changeover to 2X accounts portfolio.

The bottom line department for the Guardian account portfolio has been disappointing for the past 6 months – but still far from a disaster, with accounts living to trade another day with most of their equity intact. From a personal perspective, as I’ve said all along, I remain very confident with Laurence’s trading, and I view him as one of the best long term prospects I can name, and have staked a large part of NMi’s own managed account success on his continued good trading. That being said, there’s no looking past 6 months of rather sideways performance, during which Laurie has been prevented from being as profitable as he could have due to a combination of factors: the market being different; the approach itself going through a lean patch; some overly adverse risk aversion tactics; as well as some technical limitations. In all, this results in a less than acceptable performance. Suffice to say, we have currently ceased trading on the Guardian accounts portfolio, and suggest exploring the other options available in our managed FX account offerings.

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 profitable month:

  • Sparrow Account: 8.84%
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%
TOTAL CMPND: 113.28%
MONTHLY AVG: 9.97%

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 February:

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)!

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, that also deserves your attention is the Precision account.

A high frequency, heavy trader, this account has, to date, been the standout of all four accounts offered by this particular service provider. Primarily, it is a scalping-based managed account running a diversified strategy, where the gains can come in thick and fast, although this comes with the inevitable drawdowns along the way. If you are blessed with a long-term outlook and own a healthy risk appetite then I’m certain that you will find this one appealing as it’s one the best live money peforming accounts of its sort.

Precision has achieved a average monthly ROI (after performance fees) of over 6%, which equates to a better than 100% annualized real return. The minimum initial investment for this account is currently US$10,000.

NMi Pendulum EA development

Continues in earnest!

A separate and more complete update will follow soon, but to whet your appetite, here is a link for a low risk/conservatiive live forward test demo account starting from a US$4,000 initial investment:

NMi Managed accounts moving forward

As always, the order of the day is business as usual. Despite the “time-out” for NMi’s Guardian trading services, the development of our current managed Guardian account programme continues apace, and we are already exploring some new options on that front.

The behind the scenes R+D on several promising managed accounts and EA systems also continues, which I’ll expand upon more in a future blog post whereupon you can better judge the long-term performance, and the other performance characteristics can also be more fully explained as part and parcel of an official NMi managed account service offering.

For now, here are the links to a pair of live forward-test demo accounts that NMi is running, upon which 2 x real money CHF4,500 accounts are now modeled and in live trade (and we’ll post the live account links as soon as they accrue some more substantial history):

  • Live AUD forward-test demo

    This is a medium risk fundamentals based grid trader and risk is slightly reduced on LIVE real money account.

  • Live MULTICURRENCY forward-test demo

    This is a low risk trend-following grid-based trader, with risk reduced on LIVE real money account to easily avoid the losing trade basket shown in the demo test account. Run with a unique tweak on best performing currency pair, mirror applications of identical EA system set to seperately run long-only and short-only. As one side goes into drawdown, the other side acrues balance gains.

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.

Posted in Reports | Tagged , , , , , , | Comments closed

12+Reasons+FX+is+the+world%26%238217%3Bs+best+business%21

By adam | Published: February 11, 2011 | Comments closed

Why am I in the business of FOREX?

Because I am absolutely convinced that this is the best business in the world!

But why you might ask… well, let’s compare it to a typical business:

  1. There is no outlay for office rental, or reason to otherwise tie up considerable capital (unless it provides a decent return), or for paying a mortgage on the office. Forget the inventory costs usually associated with setting up an office – all that’s absolutely required is a computer, and perhaps occasional access to a scanner and a fax machine.

  2. There’s absolutely no dealings with Realtors, Lawyers, and other government departments (phew!!).

  3. No staff are required in most people’s FOREX business, which means: no superannuation of 401′s/retirements fund to pay into; no tax submissions; no quarterly activity statements.

  4. Setting up in a zero corporation-tax low regulatory jurisdiction, operation of a FOREX business becomes even simpler, with absolutely no reporting requirement associated with the company (aside form your personal interest, of course).

  5. Vast scope for auomation and efficiencies of scale.

  6. No inventory, stock or produce to buy, store and deliver. This means: no wastage; no theft of stock; no slow moving items clogging up a warehouse; no funds tied up in inventory; and no issues with shelf-life of product.

  7. You can “borrow” as much as you want (by increasing your leverage), whenever you want. (Try running a big business and going to the bank for a short term loan for US$10 million… it will take a month at the minimum, even you can even get the loan at all). At NMi our trading volume runs into the mIllions of dollars, but this is effectively loaded from the broker and it’s available instantly at the click of button.

  8. If the business becomes a hassle for whatever reason, you can shut it down – that is, close all open positions, turn off your robots and automated trading system, and withdraw your account from being actively managed on the same day you make that decision.

  9. You can also very easily re-open your business – turn back on your robots and automated trading system and assign PoA to your account managers whenever you want to.

  10. You can scale your business to whatever size you want, simply by increasing/decreasing your positions and or by adding to or withdrawing capital from the business account.

  11. Absolutely minimal paperwork. Simply send your 12 month summary Profit and Loss Statement to your Financial Accountant for tax payment purposes.

  12. You can trade from anywhere in the world. You and your family can travel for most of the year. Just take your laptop or PDA and conduct the business of FX while sipping on a Pina Colada in Tahiti.

I could keep telling you more of the benefits of this business, but absolutely without any doubt… we believe this is the best “business” in the world. The team at NMi, who reside in locations scattered across the Globe (Australia, Thailand and Belgium) run a multi-multi-million dollar business almost entirely from our laptops.

Posted in Managed Accounts | Tagged , , | Comments closed

Pendulum+EA%3A+One-time+limited+prerelease

By adam | Published: February 9, 2011 | Comments closed

I’ve designed, had coded and developed several EA’s (aka trading robots) in recent years but my most recent one is the result of thousands of dollars in coding costs and I estimate over a 1000 hours of testing and development to date. Call me biased but I think its a master piece, certainly best EA work to date!

It has been debugged for some time already, and by now has been running on live FWD test accounts for months; and then more recently a live real-money testing account. I have confidence in the EA’s execution and I fire it up on my live account regulary between testing each new version that arrives into my inbox.

Points of relevance:

  • It is designed to run entirely as a hands-free auto-trader;
  • 2010 backtest shows close to 20%/month with a 35% relative drawdown (down from 47%);
  • It requires USD1000 minimum investment, and the ROI figures I quote are based on that with starting lot size of 0.01;
  • It’s based on a 100%-win-math hedging grid-system;
  • It is extremely aggressive in the way it goes about its business, trading every day, it is not designed to be a slow-and-steady trader, rather it’s specifically designed for the “Casino Win”.

20% monthly ROI may or may knock your socks off, but what will is the extremely low average drawdown in terms of occasionality and duration. This absolutely begs the use of multiple currencies simultaneously (I have 4 sets for EUR, CHF, GBP and JPY X USD crosses) set to run at 15-20% a month each, which gives rise to tremendous potential ROI (cumulative potential return of 50%+/month).

It will become a commercial release through Clickbank in February and the options with regards using it will be either a monthly subscription plan, or a more expensive one-off unlimited license. And, of course, all users will receive dedicated forum support through our website.

My special pre-release one time limited offer for, which Ive extended to 2 other groups that I post to is 20 unlimited advanced version copies for a genuinely low one off cost of USD$100. This offer will also come with the option to chat with the developer (me) 1-1 via skype which will not be offered with the commercial release.

Additional Technical Considerations:

  • Aggressive Martingale component;
  • Must run with 400-500:1, hedging, 0.01 lot size increments with no upper lot size limitations;
  • Ideally a 4 digit fixed spread versus a 5 digit floating spread;
  • The #1 broker choice for this system is without doubt Tradeview FX because it offers a rare combination of all the above and increments its micro (0.01) lots into the nano lots (0.001) which provides for a more immediate and effective compounding effect (Tradeview FX unfortunately cannot accept US or Canadian residents, but we are currently exploring and testing options for you).

Further details:

Shortly after receipt of payment (email me for the payment link), I will send you a zipped folder complete with the EA and Library file, SETS I have developed for the EUR/USD, GBP/USD, USD/CHF and USD/JPY pairs along with complete detailed 2010 backtests for each.

This offer will expire as soon as these 20 copies are taken up, so this is your chance to now to obtain an unlimited advanced version free of any future monthly subscription fees and be in the inner circle, so to speak.

Posted in Announcements | Tagged , | Comments closed

January+results+update

By adam | Published: February 8, 2011 | Comments closed

As usual, we’ve had another extremely busy month here at NMi! We’re now running the pre-release programme of our long awaited NMi Pendulum EA for some lucky investors who are helping us fine-tune the last details, after some 7 months – I lose count – of development. Also, we’re introducing a new managed account program, which I’ll expand on further below, and which you can now find at the NMi Managed FX Account Introductions section of our website. But first, let’s get the results of our Guardian account…

Official January Results

  • NMi Guardian Account: +1.14%

    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.

  • NMi Guardian Account: +2.44%

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

    From a personal perspective, as I outlined in the previous end of month report, I remain very confident with Laurence’s trading of the Guardian account portfolio, and I view him as one of the best long term prospects I can name and have staked a large part of NMi’s own managed program account 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. Like any trader though, they are measured by performance and to date Laurence’s results haven’t quite measured up, which he fully concedes as well. I have noticed from my observation that he very often gets stopped out for a small loss or at break even before trades go on to be winners, and that the direction he sets his pending order is very often in the right direction, but the market doesn’t come back far enough to engage the pending orders he has waiting.

    If you have a healthier risk appetite and you’re looking for alternatives I can certainly point you in the right direction, with multiple options available through our Managed FX Account Introductions program ranging from high frequency scalpers to medium trend following styles of trading.

  • 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!

    Recently we’ve been receiving some inquiries on why the more recent results haven’t been posted and quite simply it’s because we’ve been a bit slack in that department while focusing our efforts in other areas. However, I undertake to post an update on this system soon by running a simulated backtest of the system from the period that the last results were posted – which will be almost entirely and 100% indicative of exactly how the system would have performed with a live real money account. I also undertake to commence a live forward testing demo account funded with USD10k and provide login details so that you can see for yourself exactly how the system works to better judge its merit.

Managed FX Introductions

Aside from the 3 accounts we’ve been referring business to for some time, there’s a new and very exciting option that I’ve been observing and conducting due diligence on for some time. A select few of you have already received a heads up on this, but it’s performed so well already that today I’m making the official announcement so that you can get on board too!

We refer to it as the Sparrow account and it’s 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 for your review:

Given that trading on this account didn’t commence until the 22nd day in July 2010, it can comfortably be said that the monthly results to date are in excess of 10% monthly. As good as 10% monthly is in its own right, 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)!

The system itself is the product of years of development with the private traders involved prior to the official offering of it to clients, which commenced some 2 years ago. If you’re genuine about long term income from FX, then this is an account which deserves your immediate and most serious attention. The one catch, if you can call it that, is that it requires a USD25k minimum.

I know this rules out a lot of investors, especially given that our offical policy here at NMi is to diversify your funds across the entire range of of accounts listed at NMi, but in response to the demand that I know exists for this pedigree of account from folks that can’t meet the minimum – including family members and some friends, I will be making a private offer with regards participation in it. The short story is that a company of mine will accept loans to it, at 5k minimum, to be placed into a group deposit to participate in it.

Don’t be mistaken about this and presume that it’s something I want to turn into a big project, because that’s not my intention and as soon as I/the company has secured the minimum loan capital to participate (plus some), which I expect within the next week or two, then the offer will be closed off to future particpants. As I said, this is primarily to allow friends and family to participate that would otherwise be precluded due to minimum USD25k requirement.

NMi Pendulum EA development

This NMi project has made much progress, being my pet project, and we have conducted a small pre-release of the system to some folks in a forum I regularly post on (Sovereign Life). This past week has been a bit of a shakedown prior to the official release of this system – which will probably find it’s way into your inboxes soon, care of the efforts of our affiliate promoters (sorry folks!!).

That being said, I still have some pre-release copies left and I’ll post out the pre-release offer as a separate communication so that this update is not overly large, as there’s a few significant details to cover.

Keep an eye out for this, it is truly your chance to become part of the inner circle, so to speak. It will require a bit more effort on your behalf given as it’s in the pre-release stage but you’ll also receive a special deal for the life of the product that those awaiting it’s release through the usual avenues will not receive. These are valuable benefits for NMi itself with the pre-release version in advance of the official release and that’s why I’m doing it.

The offical release via the usual terms you’ll see the EA system offered is expected to commence some time during February 2011.

NMi FX Forum

We still plan on opening our forum to the public with details as outlined in my previous December post out but after much deliberation it’s been decided to hold back the full release so that we can focus our attention on using it to provide the required dedicated support for the Pendulum EA, which as outlined above, we expect to get the green light on some time during the course of this month of February.

NMi Managed accounts moving forward

Business as usual is the order of the day. Aside from the development of our current managed Guardian account program, we’re continually working away behind the scenes doing some R+D on several promising EA systems which I’ll expand upon more in next months post 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.

Posted in Reports | Tagged , , , , | Comments closed

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