It’s that time of month again, and this time we’ll keep things briefer than in the past, although you may have already received additional direct communication from us with more detail if that’s relevant to the accounts you hold.
Moving on, if you’d like to see further information on any of our accounts, just click on the name of that 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 again, bringing no surprises given the rock-solid predictability of this system. The market has made quite a run against the system on the AUD/NZD pair. As mention in our last post, the leverage was reduced due to out-of-favour pricing being rather close to the long-term median price. That turned out to be a prudent move as the AUD/NZD pair continues to move further away from the long term median, because our relative open position drawdown is lower than would otherwise have been the case had the system been left completely to its own devices. Thinking ahead, this presents an improved position to consider increasing the leverage, which we might expect to bring a return to higher monthly ROI numbers.
The Hunter account, by comparison, had a tough start to the month in terms of maximum DD with a hangover from last month. But, as the month played out those positions came back to us. I’ve had a rather good run of trading these past couple of weeks, and we’ve ended up with a respectable positive month now, and we’re back to a comfortable running open-position DD: Currently around 5%.
The Scalper accounts have once again had the ups and downs that are in its character. Unfortunately, down more than up this month, and after a rather prolonged lack-lustre performance this account will officially be discontinued for at least the present time, while we do some further evaluation and testing on our account. Only if we see vastly improved performance will it again become an official offering. Current clients have 3 options:
to continue per our test account, which Emmanuel our Tech Director will take charge of;
discontinue the Scalper account altogether and withdraw.
Note that not one account is actually behind on starting balance, but for the risk and methodology over the last few months, it simply doesn’t make much sense at present. However, I have certainly not given up completely; it’s just that I want to see some more verification of its performance before I’ll accept any new accounts.
The longer running Managed Gold accounts at ODL and FXPro didn’t shine as brightly as you might have expected. The reality is that I misjudged gold’s rise; I had anticipated a pullback to clear out short hedged positions at FXPro and ODL accounts that never came. I’ve been swapping some of the balance gains made previously for reducing the short hedge, and was trying my best to time picking the top, release longs and to average back to the short position. All aimed at cleaning up accounts with the view to resume a long-only stance.
Note that as it stands now all account holders at FXPro and ODL are at about starting equity plus a little when taking into account the short hedged positions, and net 0.01 long from US$1082. Moving forward from here, all current and future gold accounts will be traded long only, and, if gold does retrace the short positions can be covered (i.e. removed). And if that doesn’t eventuate, then it’s fine and in fact preferred: Equity will continue rise with the price of gold, and we can effectively ignore the hedge for the time being.
FXDD gold accounts are not in the same position, due to anti-hedging regulations that came into place I took a hit on these accounts at that time to clear all the short hedges. At that time it did hurt, but ultimately turned out to be a blessing in disguise as I could not hedge further even if I wanted to. This, in addition to added scaleability of 0.01 increments (versus 0.01s only at FXPro and ODL) results in a nice positive month for account holders, with no open position drawdown.
It’s a regrettable and unfortunate turn of events for ODL and FXPro account holders, but please do take some consolation in the fact that we are not talking about losses here, just unrealised gains. All the accounts are ahead, and will continue to increase their equity position just as long as gold continues its march north.
The Self Managed Gold account again did close a trade this month for a 3.8% gain. Yes, this is one of the ideal market environments for the Gold Rush system and it’s absolutely kicked my proverbial discretionary gold-trading backside! And, for US$99 and about an hour of your time it’s yours. Existing Managed Gold account clients are entitled to complementary copy of this digital product to provide you with 100% control over a long only gold position – just contact us and we’ll issue you a copy.
It’s tough to have to officially discontinue the Scalper accounts, and I may have to forgo some assets under management in the process. It will, however, free up my time to focus on what have proven to be the better performers, and much easier to trade to boot; that is, the ultra reliable Miner accounts and the very actively traded Hunter accounts, as well as additionally for the Managed Gold accounts. It will also free up more of the team’s time so that we can focus on improving our customer service and response times, and ultimately invest more time into the back-end R+D for our client’s benefit.
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
Results are calculated based on end of month balance on account/s tracked, excluding management fee of 20% on profits if applicable. ↩
It’s that time of month again, and this time we’ll keep things briefer than in the past, although you may have already received additional direct communication from us with more detail if that’s relevant to the accounts you hold.
Moving on, if you’d like to see further information on any of our accounts, just click on the name of that 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 October Results:
The
Miner account performed as expected again, bringing no surprises given the rock-solid predictability of this system. The market has made quite a run against the system on the AUD/NZD pair. As mention in our last post, the leverage was reduced due to out-of-favour pricing being rather close to the long-term median price. That turned out to be a prudent move as the AUD/NZD pair continues to move further away from the long term median, because our relative open position drawdown is lower than would otherwise have been the case had the system been left completely to its own devices. Thinking ahead, this presents an improved position to consider increasing the leverage, which we might expect to bring a return to higher monthly ROI numbers.
The
Hunter account, by comparison, had a tough start to the month in terms of maximum DD with a hangover from last month. But, as the month played out those positions came back to us. I’ve had a rather good run of trading these past couple of weeks, and we’ve ended up with a respectable positive month now, and we’re back to a comfortable running open-position DD: Currently around 5%.
The
Scalper accounts have once again had the ups and downs that are in its character. Unfortunately, down more than up this month, and after a rather prolonged lack-lustre performance this account will officially be discontinued for at least the present time, while we do some further evaluation and testing on our account. Only if we see vastly improved performance will it again become an official offering. Current clients have 3 options:
Note that not one account is actually behind on starting balance, but for the risk and methodology over the last few months, it simply doesn’t make much sense at present. However, I have certainly not given up completely; it’s just that I want to see some more verification of its performance before I’ll accept any new accounts.
The longer running
Managed Gold accounts at ODL and FXPro didn’t shine as brightly as you might have expected. The reality is that I misjudged gold’s rise; I had anticipated a pullback to clear out short hedged positions at FXPro and ODL accounts that never came. I’ve been swapping some of the balance gains made previously for reducing the short hedge, and was trying my best to time picking the top, release longs and to average back to the short position. All aimed at cleaning up accounts with the view to resume a long-only stance.
Note that as it stands now all account holders at FXPro and ODL are at about starting equity plus a little when taking into account the short hedged positions, and net 0.01 long from US$1082. Moving forward from here, all current and future gold accounts will be traded long only, and, if gold does retrace the short positions can be covered (i.e. removed). And if that doesn’t eventuate, then it’s fine and in fact preferred: Equity will continue rise with the price of gold, and we can effectively ignore the hedge for the time being.
FXDD gold accounts are not in the same position, due to anti-hedging regulations that came into place I took a hit on these accounts at that time to clear all the short hedges. At that time it did hurt, but ultimately turned out to be a blessing in disguise as I could not hedge further even if I wanted to. This, in addition to added scaleability of 0.01 increments (versus 0.01s only at FXPro and ODL) results in a nice positive month for account holders, with no open position drawdown.
It’s a regrettable and unfortunate turn of events for ODL and FXPro account holders, but please do take some consolation in the fact that we are not talking about losses here, just unrealised gains. All the accounts are ahead, and will continue to increase their equity position just as long as gold continues its march north. The
Self Managed Gold account again did close a trade this month for a 3.8% gain. Yes, this is one of the ideal market environments for the 
Gold Rush system and it’s absolutely kicked my proverbial discretionary gold-trading backside! And, for US$99 and about an hour of your time it’s yours. Existing 
Managed Gold account clients are entitled to complementary copy of this digital product to provide you with 100% control over a long only gold position – just contact us and we’ll issue you a copy.
It’s tough to have to officially discontinue the
Scalper accounts, and I may have to forgo some assets under management in the process. It will, however, free up my time to focus on what have proven to be the better performers, and much easier to trade to boot; that is, the ultra reliable 
Miner accounts and the very actively traded 
Hunter accounts, as well as additionally for the 
Managed Gold accounts. It will also free up more of the team’s time so that we can focus on improving our customer service and response times, and ultimately invest more time into the back-end R+D for our client’s benefit.
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
Results are calculated based on end of month balance on account/s tracked, excluding management fee of 20% on profits if applicable. ↩