It’s been a very busy month on the trading front with some big volatile moves; hence my somewhat delayed report. This has been extremely good for realized returns with some of the biggest monthly numbers we’ve seen in a few months. Nonetheless, the open position drawdown on both the Hunter and Miner accounts is rather more than I would like, even though within tolerable limits (depending on leverage levels employed).
This new RazorEA accounts performed well this month across all the brokers we use. Although it produced rather less than we might have liked to see, it still brought a very respectable result and we fully expect that with the passage of time we’ll see some far better months. The huge advantage of this system is that it’s often flat to the market; that is, it has no open running positions, which is in stark contrast to the Hunter and Miner systems which are always in the market to some extent.
The Razor account still has a super low-entry of US$2,000 for our initial limited trial client intake of 25, with first priority to existing clients. If it continues to perform as well as it has been doing on live accounts recently, and as well as we’re anticipating, then this may be your only chance to enter. Some new accounts have also been established at a semi-private ECN/non-market-maker brokerage, so far in our live testing it has shown to trade slightly better than even Alpari (UK).
To see further information on any of our account types, 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 has had a great month in terms of balance gains thanks largely to our addition of the RazorEA, bringing some some accounts in the 12-13% range for the month. And also helped by the fact the Carnifex EA does also hold long AUD/NZD, where it took profit on some trades for nice balance gains; And finally profits from some smaller range bound grid trades care of the original (but rewired) MinerEA. However the core long-EUR/CHF and short-AUD/NZD strategy of this account pushed open position drawdown further into the negative according to degree of leverage used.
The upside is that the EUR/USD pair seems to have found a bottom, the threat the PIGS (Portugal, Italy, Greece, Spain – Eurozone governments with severe sovereign debt problems) posed in the currency markets seems to have abated, and when you add in to that mix the Swiss National Bank’s repeated intervention then it would seem the EUR/CHF is probably now poised at a bottom.
The AUD/NZD pair by comparison has risen to level not seen in nearly a decade, which is not ideal. However, provided the longer term regression-to-the-mean-average holds anywhere near true, then it will mean that account holders will have sold their Australian dollars at premium price in the cycle, and will reap the benefits in due course.
There’s been a big retracement with AUD/NZD in recent days, which could mark the top for that pair. And there’s a strong argument in my mind that additional capitalization of existing and newly opened accounts at these levels is the right thing to do. In the coming months, you might otherwise be kicking yourself if you don’t give some forethought at these extreme levels, because it never becomes evident what you “should have” done, until after the event. But, it should always go without saying that the opposite might also be true, however, what’s for certain at this stage is that the ideal time in the price cycle to be long the AUD/NZD pair was last month – to get on the train now is certainly, at the very least, a late entry.
Moving on to the Hunter account’s continued consistent run of great trading; the very weak GBP caught us a little unprepared while we were net long in that department, suffering a very sudden and dramatic fall on that pair at which point a we implemented a hedge to stabilise equity, which is still a work in progress. The beauty of the Hunter accounts is that its risk is spread across multiple pairs, so it’s very much business as usual for the rest of the pairs in trade with some solid gains being posted thanks to above average volatility of the markets this past month.
The Razor account performed nicely for its first official live month, making an average 4% return on balance across all accounts, with all positions now closed. It was rather quiet though, only chosing to trade in a very narrow window of 4 days this month placing only 36 short EUR/USD trades during that period. I expect that it will begin to trade again when the EUR/USD decides to break out either to the upside or downside of the recent range, and traditionally the direction of its trades is very indicative of strong trending moves. The fact that it’s no longer short EUR/USD, and that EUR/USD has held at 1.3450 adds weight to the fact that bottom could be in for the EUR, and this also marks the top for the USD rally, which I think is all but confirmed already, anyway.
This month, the Self Managed Gold account closed out one trade in the US$1075-1125 range. This reflects one of the beauties of this truly simplistic system in that it still makes gains in the gold market even when the market is going sideways. Now it’s posted consecutive months of gains simply buying at US$1075 and selling at US$1125. If gold continues northbound, sideways or even just drops a bit you’ll do well and you can hold your account in variety of currencies so you’re not linked to the USD dollar. This is longest running system that has; it would have worked for years prior to our actual implementation, and will only cease to work when gold truly starts heading south in excess of US$300 from a peak which, with all of the additional fiat currency injected into the world economy in response the WFC, would seem rather unlikley.
There are, of course, two sides to the “gold bug argument“, but for now it seem the gold bugs are right, at least until we see gold headed strongly south. If you’re on the other side then you can simply run the system in reverse, swapping Gold for USD’s all the way.
This is the suggested account of choice for folks wanting core long exposure to gold and who are willing to take the relatively small investment of time to learn how to employ the system and importantly to understand the downside risk associated. It’s essentially no riskier than the same quantity of physical gold but with any increase in leverage comes an associated increase in risk.
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
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. ↩
It’s been a very busy month on the trading front with some big volatile moves; hence my somewhat delayed report. This has been extremely good for realized returns with some of the biggest monthly numbers we’ve seen in a few months. Nonetheless, the open position drawdown on both the
Hunter and 
Miner accounts is rather more than I would like, even though within tolerable limits (depending on leverage levels employed).
This new
Razor EA accounts performed well this month across all the brokers we use. Although it produced rather less than we might have liked to see, it still brought a very respectable result and we fully expect that with the passage of time we’ll see some far better months. The huge advantage of this system is that it’s often flat to the market; that is, it has no open running positions, which is in stark contrast to the 
Hunter and 
Miner systems which are always in the market to some extent.
The
Razor account still has a super low-entry of US$2,000 for our initial limited trial client intake of 25, with first priority to existing clients. If it continues to perform as well as it has been doing on live accounts recently, and as well as we’re anticipating, then this may be your only chance to enter. Some new accounts have also been established at a semi-private ECN/non-market-maker brokerage, so far in our live testing it has shown to trade slightly better than even Alpari (UK).
To see further information on any of our account types, 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 February Results:
The
Miner account has had a great month in terms of balance gains thanks largely to our addition of the Razor EA, bringing some some accounts in the 12-13% range for the month. And also helped by the fact the 
Carnifex EA does also hold long AUD/NZD, where it took profit on some trades for nice balance gains; And finally profits from some smaller range bound grid trades care of the original (but rewired) 
Miner EA. However the core long-EUR/CHF and short-AUD/NZD strategy of this account pushed open position drawdown further into the negative according to degree of leverage used.
The upside is that the EUR/USD pair seems to have found a bottom, the threat the PIGS (Portugal, Italy, Greece, Spain – Eurozone governments with severe sovereign debt problems) posed in the currency markets seems to have abated, and when you add in to that mix the Swiss National Bank’s repeated intervention then it would seem the EUR/CHF is probably now poised at a bottom.
The AUD/NZD pair by comparison has risen to level not seen in nearly a decade, which is not ideal. However, provided the longer term regression-to-the-mean-average holds anywhere near true, then it will mean that account holders will have sold their Australian dollars at premium price in the cycle, and will reap the benefits in due course.
There’s been a big retracement with AUD/NZD in recent days, which could mark the top for that pair. And there’s a strong argument in my mind that additional capitalization of existing and newly opened accounts at these levels is the right thing to do. In the coming months, you might otherwise be kicking yourself if you don’t give some forethought at these extreme levels, because it never becomes evident what you “should have” done, until after the event. But, it should always go without saying that the opposite might also be true, however, what’s for certain at this stage is that the ideal time in the price cycle to be long the AUD/NZD pair was last month – to get on the train now is certainly, at the very least, a late entry.
Moving on to the
Hunter account’s continued consistent run of great trading; the very weak GBP caught us a little unprepared while we were net long in that department, suffering a very sudden and dramatic fall on that pair at which point a we implemented a hedge to stabilise equity, which is still a work in progress. The beauty of the Hunter accounts is that its risk is spread across multiple pairs, so it’s very much business as usual for the rest of the pairs in trade with some solid gains being posted thanks to above average volatility of the markets this past month.
The
Razor account performed nicely for its first official live month, making an average 4% return on balance across all accounts, with all positions now closed. It was rather quiet though, only chosing to trade in a very narrow window of 4 days this month placing only 36 short EUR/USD trades during that period. I expect that it will begin to trade again when the EUR/USD decides to break out either to the upside or downside of the recent range, and traditionally the direction of its trades is very indicative of strong trending moves. The fact that it’s no longer short EUR/USD, and that EUR/USD has held at 1.3450 adds weight to the fact that bottom could be in for the EUR, and this also marks the top for the USD rally, which I think is all but confirmed already, anyway.
This month, the
Self Managed Gold account closed out one trade in the US$1075-1125 range. This reflects one of the beauties of this truly simplistic system in that it still makes gains in the gold market even when the market is going sideways. Now it’s posted consecutive months of gains simply buying at US$1075 and selling at US$1125. If gold continues northbound, sideways or even just drops a bit you’ll do well and you can hold your account in variety of currencies so you’re not linked to the USD dollar. This is longest running system that 
has; it would have worked for years prior to our actual implementation, and will only cease to work when gold truly starts heading south in excess of US$300 from a peak which, with all of the additional fiat currency injected into the world economy in response the WFC, would seem rather unlikley.
There are, of course, two sides to the “gold bug argument“, but for now it seem the gold bugs are right, at least until we see gold headed strongly south. If you’re on the other side then you can simply run the system in reverse, swapping Gold for USD’s all the way.
This is the suggested account of choice for folks wanting core long exposure to gold and who are willing to take the relatively small investment of time to learn how to employ the system and importantly to understand the downside risk associated. It’s essentially no riskier than the same quantity of physical gold but with any increase in leverage comes an associated increase in risk.
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
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. ↩