Well, it’s come around to that time of month again. We’ve had an awful lot going on behind the scenes, investing a great deal of time into what I believe to be the best long-term automated trading system of it’s kind. It’s very much based along the lines of, but is actually superior to, the strategy employed with the Miner accounts.
This and a host of other changes implemented over this month are all aimed at the long term success and ongoing viability of , but focusing on that along with some sub-optimal trades on my behalf have impeded the Hunter and Managed Gold account performance this month. Nonetheless, rest assured that nothing is amiss, and we’re simply laying more groundwork for the future.
We’ve also gained a new team member, who is being trained to work on our web-based non-trading work load, which will free time for me to do more trading, which equates to more profits on the trading accounts!
Expect to hear more shortly, about both my latest creation and our newest team member.
Another point I want to bring to your attention is that despite this lean month, we’ve still produced an overall positive result across the entire portfolio, and we did it with relatively low volatility and low risk when measured in terms of both balance and peak-to-valley performance. You can bet that I would have liked to have seen better results, but half the challenge with FX is in not losing; because, the good months will come to those who are patient and are able to view FX investing over the long term, and not as a day-to-day adventure.
If you’d like to see further information on any of the accounts, click on the name of the account below, and 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, bringing no surprises given the rock solid predictability of this system. The market did make its typical run against the system, followed through by a move back into its favour… and against, again. All these moves are very much within the expected tolerance limits. Open position draw-down did become very low during the course of the month, but I took the opportunity to exit final remaining open-positions for some FXDD based Miner accounts: especially in light of the potential new NFAFIFO regulations coming into force at FXDD.
These regulations have not yet impacted any Miner accounts, so if your account is still locked in, then you are not in any immediate need of intervention as yet. The worst-case scenario is to remove all “take profit” orders, and exit by awaiting a positive enough move to break even or better on all remaining open positions. This is no big issue, and just requires understanding the exit plan.
The Hunter account, after a stellar month, went relatively quiet. Unfortunately I didn’t fully capitalize on the biggest single opportunity: I used the beginning of that move to get accounts back to a near flat state with no open positions. I’m pleased to say I achieved that objective, albeit at a small cost, although if I’d held, we’d have experienced another month similar to the last. But that’s a traders life sometimes.
This coming month, if stocks do tank big-time, then you will be sure to see some significant gains on the xxx/JPY positions in your accounts. We’re definitely in territory where JPY is very oversold, and any market scares will see significant yen strength. If you have any stocks, a simple 25% trailing stop strategy will assist in lifting potential losses. Many experts agree that a pullback is extremely likely in the near future.
The Scalper account has again had its ups and downs, and again ended the month just above break-even. The achilles heel of this system is that it can suffer losses that are significantly bigger than any one winning trade, and frustratingly that is what occurred again this month. I still remain faithful to the EA’s currently in use, in fact one of them has only had one losing trade to date, so it remains in place and unchanged for the coming month.
We’re looking to deploy the old version of the other EA, and operate it on a pair that has been producing good profits lately, as well as continuing with what has long been a profitable pair (except very recently – EUR/CHF) at reduced risk. Because, the old version is from before the scatter-trade releases, which the designers equipped with a delay function to cope with so many market participants wanting simultaneous execution at the same broker. This way execution would at least occur, when previously literally hundreds of market participants wanted the same price at precisely the same moment, and the orders couldn’t be filled.
All of that accounts for the slightly inconsistent entries and exits experienced across accounts. Now that most users have moved to the scatter-trade version, it makes sense for us to move back to the old version, because then our trades with the old release will be towards the front of the line, versus being delayed and at the end of the line for many users of the newer versions.
The longer running Managed Gold account returned a small positive this month, with a predominantly sideways-to-bullish gold price over the course of the month – still accounting for some downside risk protective shorts that remain in place. These days gold behaves more like stocks, and is highly speculative. As such, I think when we see a pull back on stocks, gold will follow: Although I remain bullish in the medium to long term.
The Self Managed Gold account did not close a trade this month, after an outstanding performance last month, with the price of gold going more south than north without a significant retracement to profit from.
If you have any questions please feel welcome to contact us and we’ll endeavour to get back to you by the next business day.
Sincere Regards,
Adam
Results are calculated based on end of month balance on account/s tracked, excluding management fee of 20% on profits if applicable. ↩
Well, it’s come around to that time of month again. We’ve had an awful lot going on behind the scenes, investing a great deal of time into what I believe to be the best long-term automated trading system of it’s kind. It’s very much based along the lines of, but is actually superior to, the strategy employed with the
Miner accounts.
This and a host of other changes implemented over this month are all aimed at the long term success and ongoing viability of
, but focusing on that along with some sub-optimal trades on my behalf have impeded the 
Hunter and 
Managed Gold account performance this month. Nonetheless, rest assured that nothing is amiss, and we’re simply laying more groundwork for the future.
We’ve also gained a new team member, who is being trained to work on our web-based non-trading work load, which will free time for me to do more trading, which equates to more profits on the trading accounts!
Expect to hear more shortly, about both my latest creation and our newest team member.
Another point I want to bring to your attention is that despite this lean month, we’ve still produced an overall positive result across the entire portfolio, and we did it with relatively low volatility and low risk when measured in terms of both balance and peak-to-valley performance. You can bet that I would have liked to have seen better results, but half the challenge with FX is in not losing; because, the good months will come to those who are patient and are able to view FX investing over the long term, and not as a day-to-day adventure.
If you’d like to see further information on any of the accounts, click on the name of the account below, and 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 July Results:
The
Miner account performed as expected, bringing no surprises given the rock solid predictability of this system. The market did make its typical run against the system, followed through by a move back into its favour… and against, again. All these moves are very much within the expected tolerance limits. Open position draw-down did become very low during the course of the month, but I took the opportunity to exit final remaining open-positions for some FXDD based 
Miner accounts: especially in light of the potential new NFA FIFO regulations coming into force at FXDD.
These regulations have not yet impacted any
Miner accounts, so if your account is still locked in, then you are not in any immediate need of intervention as yet. The worst-case scenario is to remove all “take profit” orders, and exit by awaiting a positive enough move to break even or better on all remaining open positions. This is no big issue, and just requires understanding the exit plan.
The
Hunter account, after a stellar month, went relatively quiet. Unfortunately I didn’t fully capitalize on the biggest single opportunity: I used the beginning of that move to get accounts back to a near flat state with no open positions. I’m pleased to say I achieved that objective, albeit at a small cost, although if I’d held, we’d have experienced another month similar to the last. But that’s a traders life sometimes.
This coming month, if stocks do tank big-time, then you will be sure to see some significant gains on the xxx/JPY positions in your accounts. We’re definitely in territory where JPY is very oversold, and any market scares will see significant yen strength. If you have any stocks, a simple 25% trailing stop strategy will assist in lifting potential losses. Many experts agree that a pullback is extremely likely in the near future.
The
Scalper account has again had its ups and downs, and again ended the month just above break-even. The achilles heel of this system is that it can suffer losses that are significantly bigger than any one winning trade, and frustratingly that is what occurred again this month. I still remain faithful to the EA’s currently in use, in fact one of them has only had one losing trade to date, so it remains in place and unchanged for the coming month.
We’re looking to deploy the old version of the other EA, and operate it on a pair that has been producing good profits lately, as well as continuing with what has long been a profitable pair (except very recently – EUR/CHF) at reduced risk. Because, the old version is from before the scatter-trade releases, which the designers equipped with a delay function to cope with so many market participants wanting simultaneous execution at the same broker. This way execution would at least occur, when previously literally hundreds of market participants wanted the same price at precisely the same moment, and the orders couldn’t be filled.
All of that accounts for the slightly inconsistent entries and exits experienced across accounts. Now that most users have moved to the scatter-trade version, it makes sense for us to move back to the old version, because then our trades with the old release will be towards the front of the line, versus being delayed and at the end of the line for many users of the newer versions.
The longer running
Managed Gold account returned a small positive this month, with a predominantly sideways-to-bullish gold price over the course of the month – still accounting for some downside risk protective shorts that remain in place. These days gold behaves more like stocks, and is highly speculative. As such, I think when we see a pull back on stocks, gold will follow: Although I remain bullish in the medium to long term.
The
Self Managed Gold account did not close a trade this month, after an outstanding performance last month, with the price of gold going more south than north without a significant retracement to profit from.
If you have any questions please feel welcome to contact us and we’ll endeavour to get back to you by the next business day.
Sincere Regards,
Adam
Results are calculated based on end of month balance on account/s tracked, excluding management fee of 20% on profits if applicable. ↩
No trades were closed this month. ↩