Happy New Year, and Season’s Greetings to you. I trust you’ve enjoyed the bonuses of the festivities in one shape or form.
The New Year inevitably brings resolutions to mind. As a recipient of these monthly posts, you’ll begin to see some more positive changes as the result of some of the company’s New Year’s resolutions. Our focus will be shifting away from the diversification of our combined energies, and moving much more towards the most important aspect of ’s business, which is generating healthy and consistent monthly returns for you: More specialization on a smaller range of accounts, and even greater efficiencies in our online infrastructure thanks to a the impending relaunch of our website; and to the refinement of our VPSs leading-in to the use of our newly updated EA1s for 2010. With the EAs increased functionality, my trading load will ease and free more of my time for more exacting exploitation of the FX market, which will bring better ROI and lower DD. With all of this will soon come the introduction of our newest team member and business partner, coming into the fray to assist to this end.
To see further information on any of our accounts, just click on the name of that account below and read the brief account summaries that follow. 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.
The Miner account performed as expected. The market retraced after quite a run against the system on the AUD/NZD pair, and the additional shorts placed on these accounts paid off nicely as the pair tumbled several hundred pips. Against my expectations, exactly the opposite of that occured on EUR/CHF – support at 1.50 gave way and the pair tumbled 300 pips from where it has been for the last several months which has brought some increased DD on this pair. We’re still very much within the limits of the system, and the bonus on the additional long EUR/CHF positions is that of positive overnight interest differential in addition to trading gains, which has the effect of offsetting DD to a degree over time, and is added on each trade as they close.
The Hunter account’s standout run of trading continues; the USD strength continued until the very first few hours of 2010, and with a rather subtsantial covering of shorts taking place, which resulted in many pairs rallying significantly against the USD. In particular, the GBP/USD pair rallied hard after of having being quite heavily shorted by the majority of the market which resulted in some healthy end of year gains and a very favourable effect of open running positions for Hunter accounts, as the inflows also assisted greatly in the short EUR/GBP trade.
The longer running Managed Gold accounts weren’t shining brightly, as you might have expected, with Gold tanking to below US$1,080. With my long bias and a rather volatile market, I found that rather difficult to negotiate. It’s highlighted a long standing gut feeling that I should step aside on Managed Gold accounts. In comparison with the Hunter accounts, they are much harder to trade for a number of increasingly apparent reasons, not least among which are:
the fact that it’s more expensive to trade gold
and that gold is much more volatile and harder to find cheap entries that work as well as the fundamentally core long bias (which works great in rising market but inevitably gives some back on retracements).
Add to this fact the overall load on my time, then the only logical conclusion that can be drawn is that I must focus on doing less, but doing it better. In line with that, the decision has been made to discontinue any additional gold trading accounts and look to wind out of current accounts as when the opportunity presents itself, with further communications directed to affected clients.
This month, the Self Managed Gold account didn’t close out any trades as is to be expected given its fundamentally long bias. This will become the suggested account of choice for folks wanting core long exposure and are willing to take the relatively small investment of time to understand the downside risk associated. It’s no riskier than the same quantity of physical gold but with any increase in leverage comes an associated increase in running open position total.
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
Expert Advisor is used primarily for the MT4 trading platform type, but is often also referred to as a trading robot or automated trader. has two proprietary models of its own design use to assist in management of accounts. ↩
Please note that figures above are gross of performance fee where applicable and that due to different account balances and the fact that official results post outs represent an average of all accounts, individual account-to-account performance will vary accordingly. ↩
Happy New Year, and Season’s Greetings to you. I trust you’ve enjoyed the bonuses of the festivities in one shape or form.
The New Year inevitably brings resolutions to mind. As a recipient of these monthly posts, you’ll begin to see some more positive changes as the result of some of the company’s New Year’s resolutions. Our focus will be shifting away from the diversification of our combined energies, and moving much more towards the most important aspect of
’s business, which is generating healthy and consistent monthly returns for you: More specialization on a smaller range of accounts, and even greater efficiencies in our online infrastructure thanks to a the impending relaunch of our website; and to the refinement of our VPSs leading-in to the use of our newly updated EA1s for 2010. With the EAs increased functionality, my trading load will ease and free more of my time for more exacting exploitation of the FX market, which will bring better ROI and lower DD. With all of this will soon come the introduction of our newest team member and business partner, coming into the fray to assist 
to this end.
To see further information on any of our accounts, just click on the name of that account below and read the brief account summaries that follow. 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 December Results:
The
Miner account performed as expected. The market retraced after quite a run against the system on the AUD/NZD pair, and the additional shorts placed on these accounts paid off nicely as the pair tumbled several hundred pips. Against my expectations, exactly the opposite of that occured on EUR/CHF – support at 1.50 gave way and the pair tumbled 300 pips from where it has been for the last several months which has brought some increased DD on this pair. We’re still very much within the limits of the system, and the bonus on the additional long EUR/CHF positions is that of positive overnight interest differential in addition to trading gains, which has the effect of offsetting DD to a degree over time, and is added on each trade as they close.
The
Hunter account’s standout run of trading continues; the USD strength continued until the very first few hours of 2010, and with a rather subtsantial covering of shorts taking place, which resulted in many pairs rallying significantly against the USD. In particular, the GBP/USD pair rallied hard after of having being quite heavily shorted by the majority of the market which resulted in some healthy end of year gains and a very favourable effect of open running positions for Hunter accounts, as the inflows also assisted greatly in the short EUR/GBP trade.
The longer running
Managed Gold accounts weren’t shining brightly, as you might have expected, with Gold tanking to below US$1,080. With my long bias and a rather volatile market, I found that rather difficult to negotiate. It’s highlighted a long standing gut feeling that I should step aside on 
Managed Gold accounts. In comparison with the 
Hunter accounts, they are much harder to trade for a number of increasingly apparent reasons, not least among which are:
Add to this fact the overall load on my time, then the only logical conclusion that can be drawn is that I must focus on doing less, but doing it better. In line with that, the decision has been made to discontinue any additional gold trading accounts and look to wind out of current accounts as when the opportunity presents itself, with further communications directed to affected clients.
This month, the
Self Managed Gold account didn’t close out any trades as is to be expected given its fundamentally long bias. This will become the suggested account of choice for folks wanting core long exposure and are willing to take the relatively small investment of time to understand the downside risk associated. It’s no riskier than the same quantity of physical gold but with any increase in leverage comes an associated increase in running open position total.
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
Expert Advisor is used primarily for the MT4 trading platform type, but is often also referred to as a trading robot or automated trader.
has two proprietary models of its own design use to assist in management of accounts. ↩
Please note that figures above are gross of performance fee where applicable and that due to different account balances and the fact that official results post outs represent an average of all accounts, individual account-to-account performance will vary accordingly. ↩