This has been another challenging month for me, with good consistent winning runs spoilt by my chasing the market on a losing day. It’s becoming increasingly apparent that I need to further refine certain aspects of my trading in order to gain some forward traction, but I have little doubt that it will all come together in due course.
However, I’m not here to waste your time, and of course if you require your funds for other purposes then please don’t feel obliged in any manner: One of the benefits of an FX account traded to flat each day is that you always have 100% on-call liquidity. I’ll continue trading the Hunter Evolution accounts very cautiously and at low leverage until I see consistent forward traction as a result of the necessary adjustment in my trading. And at that time I’ll be looking to increase the leverage per trade.
The good times will come, and in the meanwhile do remember that the number one rule is to not lose – or at the very least to keep any loses tightly contained, which I’ve done very well recently. The market has been extremely volatile this month, especially EUR/USD with lots of indecision and news affecting that pair. The big story in that regard was the massive EUR/USD rally with the pair rising 350 pips in one day; a move of that magnitude has not been seen since back in 2008 in the midst the GFC. I certainly wouldn’t want to have been naked short (with no SL order) on that pair, although undoubtedly many were, and got wiped out in the process. Instead, I gave back around 0.5% trying to find a short entry among these extremely adverse moves. The saving grace of using SL orders is that even if you get the entry wrong, you only lose a small portion of an account.
Moving forward, I have some exciting news and an alternative investment to my slow going on the day-to-day trading on Hunter Evolution. In retrospect, had the Razor system been left to run its course without intervention, it would have actually turned a fantastic year-to-date result for clients. My main concern at that time was the risk level, especially because we did see the risk pushed to its upper limit. Taken in combination with challenges on the Miner accounts, which were running a different system that also involved an open running negative position, I decided then to discontinue all the EA systems, which I felt was the best decision at the time. Subsequently, the Razor system did tick over of its own accord on some non-client accounts, and the performance just can’t be ignored. Time and time again, it has run its course of frequent trading in bursts on breakouts, and at times holding positions open for days before the market retests the high/low, the positions are closed and accounts goes flat. So to use a phrase coined by a colleague I’ll introduce below, “the system has been in the shop” and now its coming back out.
The official re-commencement of the former Razor accounts is July 2010. And also, previous Razor accounts are back in trade with the Razor system.
As you may already be aware, I’ve been toiling away in the background on a new proprietary momentum-based EA system. After several hundred hours of work I’ve very recently begun running live on one test account. It perfoms well over a 10 year backtest period on both GBP/USD and EUR/USD pairs. So far, it is working as intended, and after a trial period it will be further assessed and potentially opened to clients.
The official announcement of the Momentum EA trial account, July 2010. In due course we’ll provide a live feed link to this account.
OK, how about a different service provider with established long-term records? This is a different managed FX account opportunity that I’ve had access to: As you probably know, I’ve dabbled with other traders and various systems over the years, but these days I make very few recommendations for other FX traders, EA’s or systems. That’s because it’s such a risky business, and if my recommendations lose money, then I feel it reflects badly on myself. That being said, I’m also not afraid of calling things how I see them as many of you have experienced. If something comes across that really stands out, which so very rarely occurs these days, then I think it well worth a mention at the very least.
These folks are the main driving force I’ve come to know over the years while we’ve travelled in similar circles and coincidentally our paths to this day are still interwoven because we have much the same interests and values. After this long in the business, I can say that the group carries significant experience in Forex. I’m told that there are 9 minds behind what they offer, and with four different managed account options to choose from, in my experience you’d need every bit of that man power. Just trading a single system can be all consuming, let alone balancing multiple systems. As an overview of what they have to offer, from my observations of their accounts:
Chrome and Precision Scalper accounts: Trading various scalping based intraday EA systems. These accounts use high leverage and volume, with aggressive trades sometimes topping 20% in a month. There are 6-12 months of track records on these two accounts.
McLaren: This is a human trend trader, acclaimed by ED. This fellow traded and made folks plenty to be sure, though that’s not say that there haven’t been hiccoughs along the way either. Personally I think that a good human trader is the best, but they are extremely hard to find, especially over the long term. Recent re-introduction after being “put back in the shop”. Experienced trader, now running latest.
Guardian Account: An advanced Grid system. This high frequency trading system with open running positions during profit phase that is wound back to flat periodically for withdrawals. Atypically (to a “normal” grid system) it thrives in a trend and tends to accumulate positions while range bound.
All minimums for these accounts are USD5k and fees are in the 30% ballpark, which is about average in this industry. They offer their Precision, Chrome and McLaren accounts via a reputable, genuine Panamanian broker and their Guardian accounts through a US based broker.
To consistently achieve this level of return to-date is quite exceptional, all things considered. Certainly, I’m aiming to put myself in the way of the opportunity that I believe it represents, and I urge you to take the time to consider this for yourself.
If you’d like a formal introduction, then please send your contact details to me (Name, Phone, skype + timezone, preferred methid of contact) and I will make the arrangements so that you can conduct your own due diligence investigation.
This has been another challenging month for me, with good consistent winning runs spoilt by my chasing the market on a losing day. It’s becoming increasingly apparent that I need to further refine certain aspects of my trading in order to gain some forward traction, but I have little doubt that it will all come together in due course.
However, I’m not here to waste your time, and of course if you require your funds for other purposes then please don’t feel obliged in any manner: One of the benefits of an FX account traded to flat each day is that you always have 100% on-call liquidity. I’ll continue trading the
Hunter Evolution accounts very cautiously and at low leverage until I see consistent forward traction as a result of the necessary adjustment in my trading. And at that time I’ll be looking to increase the leverage per trade.
The good times will come, and in the meanwhile do remember that the number one rule is to not lose – or at the very least to keep any loses tightly contained, which I’ve done very well recently. The market has been extremely volatile this month, especially EUR/USD with lots of indecision and news affecting that pair. The big story in that regard was the massive EUR/USD rally with the pair rising 350 pips in one day; a move of that magnitude has not been seen since back in 2008 in the midst the GFC. I certainly wouldn’t want to have been naked short (with no SL order) on that pair, although undoubtedly many were, and got wiped out in the process. Instead, I gave back around 0.5% trying to find a short entry among these extremely adverse moves. The saving grace of using SL orders is that even if you get the entry wrong, you only lose a small portion of an account.
The official result for the
Hunter Evolution accounts for the month of June is -1%*
New Accounts
Moving forward, I have some exciting news and an alternative investment to my slow going on the day-to-day trading on Hunter Evolution. In retrospect, had the
Razor system been left to run its course without intervention, it would have actually turned a fantastic year-to-date result for clients. My main concern at that time was the risk level, especially because we did see the risk pushed to its upper limit. Taken in combination with challenges on the Miner accounts, which were running a different system that also involved an open running negative position, I decided then to discontinue all the EA systems, which I felt was the best decision at the time. Subsequently, the 
Razor system did tick over of its own accord on some non-client accounts, and the performance just can’t be ignored. Time and time again, it has run its course of frequent trading in bursts on breakouts, and at times holding positions open for days before the market retests the high/low, the positions are closed and accounts goes flat. So to use a phrase coined by a colleague I’ll introduce below, “the system has been in the shop” and now its coming back out.
The official re-commencement of the former
Razor accounts is July 2010. And also, previous Razor accounts are back in trade with the 
Razor system.
As you may already be aware, I’ve been toiling away in the background on a new proprietary momentum-based EA system. After several hundred hours of work I’ve very recently begun running live on one test account. It perfoms well over a 10 year backtest period on both GBP/USD and EUR/USD pairs. So far, it is working as intended, and after a trial period it will be further assessed and potentially opened to clients.
The official announcement of the
Momentum EA trial account, July 2010. In due course we’ll provide a live feed link to this account.
OK, how about a different service provider with established long-term records? This is a different managed FX account opportunity that I’ve had access to: As you probably know, I’ve dabbled with other traders and various systems over the years, but these days I make very few recommendations for other FX traders, EA’s or systems. That’s because it’s such a risky business, and if my recommendations lose money, then I feel it reflects badly on myself. That being said, I’m also not afraid of calling things how I see them as many of you have experienced. If something comes across that really stands out, which so very rarely occurs these days, then I think it well worth a mention at the very least.
These folks are the main driving force I’ve come to know over the years while we’ve travelled in similar circles and coincidentally our paths to this day are still interwoven because we have much the same interests and values. After this long in the business, I can say that the group carries significant experience in Forex. I’m told that there are 9 minds behind what they offer, and with four different managed account options to choose from, in my experience you’d need every bit of that man power. Just trading a single system can be all consuming, let alone balancing multiple systems. As an overview of what they have to offer, from my observations of their accounts:
Cayoflow June 2010 Month End Trading Report
To consistently achieve this level of return to-date is quite exceptional, all things considered. Certainly, I’m aiming to put myself in the way of the opportunity that I believe it represents, and I urge you to take the time to consider this for yourself.
If you’d like a formal introduction, then please send your contact details to me (Name, Phone, skype + timezone, preferred methid of contact) and I will make the arrangements so that you can conduct your own due diligence investigation.
Sincere Regards,
Adam