So, let’s cover this past month and review some of last month’s overview so you can see how it unfolded. As I hinted last time, I’ve mostly withdrawn from anything non-essential so that I can focus entirely on the development of my trading, and the development of some auto-trading software to manage some elements of my day-to-day trading tasks.

Since my undertaking to use strict stops-based trading on our Hunter Evolution accounts, without exception I have:

• remained flat to the market each day;
• placed limited low-risk trades with attractive reward objectives;
• employed strict money-management at its core, so that any potential loss is both limited and able to be defined in advance.

I placed 62 trades in total, and compared with the total starting balance I traded up by around 1.4%, then back down by around 2.8%, then back up again by 1.4% or so. I say “or so” because of the way the multi-account management software distributes volume of trades: Some individual accounts have made a little, some accounts are behind by a little, and in the end I actually reduced the leverage and exposure I had intended to use. I think a 0% result for the Month of May is about the right one to post.

Although it’s not a big fat positive, all the other boxes are ticked and I might add that the recent half of those 62 trades show a smooth consistent up curve, the steepness of which is directly pegged to the very low leverage trades I’ve been using.

Volatility was in the region of 3% intra-month and reflects the limited leverage, which is well inside the 10% peak-to-valley (highest to lowest balance/equity over the month) maximum DD tolerance outlined in advance. I’m planning to increase the leverage over time, while still working within that 10% peak-to-valley maximum DD tolerance.

At this point, I could expand on the deficiencies amongst those 62 trades, but I think it suffices to say that I am aware of them, and they are almost totally comprised of human based shortcomings: my charting and trading technique itself is very much better than what the end-of-month result might otherwise indicate. To be able to make continuous improvements, we must first become aware of our deficiencies, and then learn from them and move forward as a result. And that is exactly what I’m doing and will continue to do. Doubtless all good traders continue to travel along this path, for we are never perfect as humans nor as traders – myself definitely included. But that’s more than enough about me!

You might be wondering about this new software system? Is Adam actually onto something with this momentum based system, hereafter referred to as the Momentum EA. Well, thanks to modern technology, the knowledge base and the right contacts I can now have a system coded up with appropriate adjustable elements, and run it through simulated backtests going back ten years or longer! To do all this manually would take literally years, but it can now be done in a few weeks (of 3 am mornings mind you!), which leaves the door open to continued advancements and refinements for as long as I continue to invest effort into research and development of the trading concept.

About 50% of my efforts are investing in the Momentum EA. It’s a very exciting path to travel, and I’m rather pleased to say that I’ve already got something that looks fantastic. In fact, this is the best looking backtest curve I’ve ever seen on a hard-stops EA over a 10 year backtest… if I could replicate this curve with my manual trading over a ten year period, I would be among the top traders in the world!

Enough of the talk, click here to see 3 tests: 2 x 10 year backtest with 0.1 vs 1.0 lot leverage per trade, as well as 12 month to date 1 lot setup confirming what I observed in the charts. What is especially good about this setup is that:

1. It works over ten years, where as most robots can only muster short period of recent history;
2. It’s performance is relatively consistent year-to-year, and it actually works even better in recent years with their increased volatility;
3. It has a low relative DD for its returns;
4. Its maximum risk per trade is always limited by a hard stop;
5. Its risk versus reward per trade is always greater than 1:1, so it profits even with fewer than a 50% winning trades;
6. It is NOT affected by broker spreads like scalping robots;
7. It does NOT need to use high leverage like scalping robots because its TP targets are between 58 and 90 pips (25-50% of the average daily range of the currency);
8. It is not always in the market, the account is flat and not exposed the majority of the time, with 2 trades per week on average the past 12 months.

To me it reads like a wish list of what I’d like to see in a forex account, managed by a human or by software. I’m really not much different from you, in that I too dream of sipping pinacoladas on a beach in Tahiti, while my forex account is quietly generating cash flow – with my good lady and our young son no less! Aside form that, I do actually enjoy the challenge of manually trading and it serves enhance the long term development of an autotrading system that I know inside out, and that I have enough confidence in that I’ll eventually relinquish some of my trading load to it. What works well for me… so too for my clients. Next week, it will be going on a test drive on one small live account, and then over the coming months I can further evaluate its live performance as well continue to invest further efforts in the R+D side of things. Ideally I’d like to see it trade more frequently, with greater accuracy and with multiple currency pairs. I might add that already there’s various setup options which do work with other currencies and timeframes, but they all individually require weeks (or months) of R+D to fully explore – keep an eye on this space.

This month, the Self-Managed Gold account trading the Gold Rush system has obviously done well again – depending on where your buy points were, with gold recently reaching a new high in excess of $1240/ounce. Without wanting to sound like a parrot, not much has changed since last month – gold remains very strong in the face of an uncertain and volatile economic environment, having already been the standout performer of the past 12 months, so too is this extremely simple and easy to employ system which is better than 100% correlated in perfomance to the price of gold. This is the account I recommend if you want core long exposure to Gold, as long as you’re willing to take the relatively small investment of time to learn how to employ the system (and, just as importantly, to understand the associated downside risk). However, it’s essentially no riskier than holding the same quantity of physical gold, as long as you remember that any increase in leverage comes with an associated increase in risk.

Active marketing will be limited during the near future but any inquiries will be serviced to our usual high standard. 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

In addition to refocusing my attention on trading, I’ve primarily been working with our existing clients to provide regular updates during the transition of all accounts to a strictly-defined hard-stops limited-risk style of trading, henceforth known as the Hunter Evolution account. Most existing accounts have been worked back to flat, essentially back to a break-even point or thereabouts. That will allow me to fully deploy this revised trading regime. Some tough decisions are being and have been made, but in short, it’s ultimately all part of moving forward.

This new approach been borne from the desire to provide you with the type of account that:

1. remains flat to the market each day;
2. places limited low-risk trades with attractive reward objectives;
3. most importantly, has strict money-management at its core, so that any potential loss is both limited and able to be defined in advance.

I’m calling this a new approach, but it’s really not – I’ve actually been writing the code and tracking the system for quite some time, and in fact an EA of this exact trading system is presently in the works. In the end, it’s quite likely that the EA will actually do better than me, because it can tend to accounts for all 24 hours of the day (I’m not capable of sustaining 24 hour days for terribly long), and it will not second guess itself and close trades early (that being a peculiarly human trait).

Of all the accounts and systems that I’ve ever traded, from any the signal services, EA’s or other managed accounts that I’ve ever used or investigated, this new approach has the lowest absolute risk, yet still allows for the possibility of very attractive monthly returns. My studies and observation reveal a high percentage of winning trades at better than 1:1 risk for reward, which is uncommon in most EA systems in my experience. But talk is cheap, which is why I’m not writing this report to convince you of anything. In the end, it’s the results that will count, and let’s not forget that smooth ride goes a long way too. I’ve set the bar at 10% maximum DD, and maximum 0.5% risk trades with TP objectives at around 1.5% on average. With trades placed on most days there’s a potential for 1% or better ROI daily, which is more than enough to alllow for a double digit monthly result.

Normally, at this juncture I’d show you the average returns across the various account types that we offer, but we have no way to generate any sensible numbers in light of the current situation, which will become clearer as you read on. Nonetheless, 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 (although they might look a bit ugly right now!) and, of course, to address any concerns you may have.

Since the last results update, the Hunter and Razor accounts have received the attention they required to get all but 3 specific accounts back to flat, with no open running positions. But that has also involved giving back all trading gains made on those accounts so far, give or take some small percentage. So, although both Hunters and Razors did suffer loss and drawdown from their peak balance, it was essentially limited to the previous gains that had already been made – on the whole, at least everyone has their principle back. I’m painfully aware that this is far from an ideal scenario, but it is certainly more desirable than taking a loss.

The remaining Miner accounts are also going through the same process, although I expect that these accounts will suffer an overall loss – primarily because of the ongoing fundamental weakness of the Euro against virtually all other currencies, which goes against the primary logic behind the Miner system. Combining that with the fact that the risk is rather open ended due the stopless nature of the system, which is exposing these accounts to more risk that I now deem appropriate. In light of all this, the Miner system is being discontinued. Under more favourable market conditions this system does work fantastically, the results were nothing but positive from our early experiences with the Miner system. But, just like when you’re buying stocks, the market needs to be headed in the right direction otherwise you are locked into a downward spiral if you didn’t define the exit point in advance (i.e. set a SL).

This month, the Self-Managed Gold account trading the Gold Rush system has obviously done extremely well, with gold recently reaching a new high in excess of $1240/ounce. And it remains very strong in the face of an uncertain and volatile economic environment, having already been the standout performer of the past 12 months, so too is this extremely simple and easy to employ system which is better than 100% correlated in perfomance to the price of gold. This is the account I recommend if you want core long exposure to Gold, as long as you’re willing to take the relatively small investment of time to learn how to employ the system (and, just as importantly, to understand the associated downside risk). However, it’s essentially no riskier than holding the same quantity of physical gold, as long as you remember that any increase in leverage comes with an associated increase in risk.

Going forward, all the new managed-account trading, herein referred to as the Hunter Evolution accounts, will be comprised of exclusively hard-stopped maximum 0.5% risk-limited trades, and with risk:reward objectives consistently in excess of 1:3. The trading system itself is of my own design and will be limited to just the EUR/USD pair, guiding trade entry and exit points using a combination of:

• a momentum based trigger entry;
• fibonacci levels;
• daily highs and lows;
• significant moving averages.

Recent detailed study and practical application of the system have so far confirmed profitability for very low risk; but the short term focus for is to establish an ongoing and unbroken track record of this specific methodology. Active marketing will be limited during the near future but any inquiries will be serviced to our usual high standard.

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

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:

• Managed FX Miner: 2.70%²
  • NEW – Weblink to detailed account reporting
• Managed FX Hunter: 4.07%²
  • NEW – Weblink to detailed account reporting
• Managed Gold Account: -12.51%²
  • NEW – Weblink to detailed account reporting
• Self Managed Gold Account: 0%

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

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.

Be sure to check the “NEW Weblink” views to see the live-account reporting data in a very user friendly format, with a special thanks going to GE our Technical Director for implementing it. Please note 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.

Official November Results:

• Managed FX Miner: 2.09%¹
  • NEW – Weblink to detailed account reporting
• Managed FX Hunter: 7.08%¹
  • NEW – Weblink to detailed account reporting
• Managed FX Scalper: -3.73%¹
  • NEW – Weblink to detailed account reporting
• Managed Gold Account: 10.07%¹
  • NEW – Weblink to detailed account reporting
• Self Managed Gold Account: 20%+

The Miner account performed as expected again, although the market has continued to make quite a run against the system on the AUD/NZD pair. Given that leverage was reduced earlier, and that relative DD is lower than would otherwise be expected, we’re now presented with the option to increase the leverage again – with due consideration given to the fact that we may very well see a further a run against the system. On the upside, the EUR/CHF pair appears to be awaking from its sleep; there’s now talk of a run north towards 1.5250 which will greatly assist in offseting the drawdown on the AUD/NZD pair.

The Hunter accounts continued good run of trading continues; in spite of the current USD strength and GBP weakness, we’ve ended up with a respectable positive month, with both comfortable running open-position DD and account exposure.

The Scalper accounts have now been discontinued. Refer to our October Results post for further details.

The longer running Managed Gold accounts were shining brightly as you might have expected with gold at around US$1200, leaving us with good balance and equity gains. As it happened starting into this month of December with rather better than expected NFP numbers bolstering the USD, gold tumbled quite dramatically and along the way at least some of those returns were given back. The focus will now be to look for a good long entry with the view this bull run has not yet hit top!

This month, the Self Managed Gold account again closed several long trades for a big gain. The results page of the website will be updated with exact numbers shortly.

While some accounts do have open-position DD to varying degrees depending on the account particulars, with the exception of the discontinued Scalper accounts, everything else is performing well overall… which I trust is a nice addition to your Christmas stocking.

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

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:

• Managed FX Miner: 2.81%¹
• Managed FX Hunter: 5.56%¹
• Managed FX Scalper: -3.21%¹
• Managed Gold Account: -2.3%¹
• Self Managed Gold Account: 3.8%

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:

1. to continue per our test account, which Emmanuel our Tech Director will take charge of;
2. move those funds to an Miner or Hunter account;
3. 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

Again, the portfolio as a whole achieved a respectable result this past month. Despite a losing month on the Hunters, those with their risk diversified across a range of accounts were again positive overall. This shows the value in applying modern portfolio theory; that it’s recommended for investors to employ a wide range of uncorrelated strategies in their portfolio to maintain a consistent equity curve.

I’m pleased to report that plenty of progress has been made in the back end of the business. We now have three VPS structures, with one dedicated to each specific account type: one for the Miners; one for the Scalpers; and the last for the Hunters – although our Gold accounts share VPS space with the Miners.

The development work for our newest proprietary EA system continues, and I’m not sure that it will ever completely end. That said, we do have one client account running live already – upon his insistance to get it into live trade, no less! So far so good, it’s been in trade for only a short while, and even though it’s not designed to be an extremely high yield system, it’s already in profit and moving forward nicely. There’s virtually zero DD to-date, but then again the market has been kind to the likes of this system just recently. Before it’s released en-masse, I’m refining the system and its settings even further to allow it to operate comfortably on the AUD/NZD pair, as well as the current EUR/CHF pair for more balanced operation in general. I continue to be really excited about this system in particular, which I view as the best long-term automated trading-system for a number of reasons that will soon be revealed. You should expect to receive a detailed overview of the system this month provided I can make the time and no technical hold-ups preclude me from doing so.

Moving on, if you’d like to see further information on any of our current 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 September Results:

• Managed Gold Account: 6.17%¹
• Managed FX Miner: 1.7%¹
• Managed FX Hunter: -2.87%¹
• Managed FX Scalper: -2.46%¹
• Self Managed Gold Account: 4.1%

The Miner account performed as expected again, bringing no surprises given the rock-solid predictability of this system. The market did make its typical runs against the system and back again, and has continued to move away from the ideal entry zone on AUD/NZD (which has recently been the most profitable pair) and hence leverage has been reduced. Simultaneously, the market is moving into favour of the EUR/CHF where leverage has been increased accordingly and some recent northbound market spikes were very nicely received in favour of the Miner system on the EUR/CHF pair.

The Hunter account, by comparison, has had a tough month in terms of returns (some accounts did see a realized 5-10% dip) versus maximum drawdown (15-20%). The xxx/JPY pairs did head south this past month and I was not always on the right side of a lot of those moves. The bread and butter AUD/USD and USD/CAD pairs have, however, been very kind to those accounts and continue to be so. The recent GBP weakness is the toughest pill to swallow causing the most grief in the accounts with our short EUR/GBP position. But given time, patience and good money-management, we’ll find ourselves out of that trade.

The Scalper account has again had its ups and downs as is its character. Still we ended positive, taking into account that the last trade of the month changed the outcome from what would have been 5% plus result. I concede that it’s not yet living up to expectations, but still we are, at least, headed in the right direction.

The longer running Managed Gold account performed the best in terms of realized gains this month with some nice northbound moves. Still, I note that gold is struggling to go above US$1000, yet at the same time it gets bought up aggressively on the dips and has maintained its high price – this shows buying support for now at least. It’s tipped to go much higher still, but I’ve learnt not to buy into that sort of hype. If it does indeed go higher, we will of course be on the lookout for long positions, but even if it tanks then that would be fine too.

The Self Managed Gold account again did close a trade this month for a near 5% trade, and just missed out on the US$1025 target by $1 which would have resulted in a near 10% month – after several months of sideways action the gold market finally came to the party with this simple system.

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

Well, it’s come around to that time of month again.

Overall, the entire portfolio achieved a respectable result this past month and, with our infrastructure and manpower becoming increasingly able and refined, we are very well placed for the future!

We’ve completed much of the development work for our newest proprietary EA system. I’m really excited about this system in particular, because I view it as the best long-term automated-trading system for a number of reasons that will soon be revealed. You should expect to receive a detailed overview of that system this month.

Moving on, if you’d like to see further information on any of our current 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 August Results:

• Managed Gold Account: 1.68%¹
• Managed FX Miner Account: 3.13%¹
• Managed FX Hunter Account: 8.46%¹
• Managed FX Scalper Account: 11.79%¹
• Self Managed Gold Account: 0%² (now approx 5% September to date, with 2% open)

The Miner account performed as expected, bringing no surprises given the rock-solid predictability of this system. The market did make its typical runs against the system and back again, but has now moved away from the ideal entry zone on AUD/NZD (which has recently been the most profitable pair) and hence leverage has been reduced. Simultaneously, the market is moving into favour of the EUR/CHF where leverage has been increased accordingly.

The Hunter account had a stellar month in terms of returns (+10% best) versus maximum drawdown (-5%). The xxx/JPY pairs did head south this past month and I am glad to say I was on the right side of a lot of those moves. The bread and butter AUD/USD and USD/CAD pairs have also been very kind to accounts, as have some long GBP/USD positions after its 800 pip move south from 1.60.

The Scalper account has again had its ups and downs, but this month we had some great days which put them well into positive territory overall. We did deploy the old version of the other EA (non-scatter-trade version), and operated it on a pair that has been producing good profits lately (USD/CAD), as well as continuing with what has long been a profitable pair (EUR/CHF) at reduced risk.

Given that our selected broker changed the spread structure, all Scalper accounts were taken out of trade for one week while others took the chance with real money. Since no dire reports surfaced for the second week they were re-applied at low risk. The accounts did make gains live so it would seem that profit potential continues to lay in the systems and risk will be increased back to the previous settings this coming month.

The longer running Managed Gold account returned a small positive this month, with predominantly sideways-to-bullish gold price over the course of the month again. That is, until the last two days of the month when gold rocketed northward into the 990’s (6 month highs) and more balance gains have been made in the past two days than over the whole of last month.

The Self Managed Gold account again did not close a trade this month, but did so shortly thereafter, so is approximately 5%+ month to date.

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

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:

• Managed Gold Account: 2.99%¹
• Managed FX Miner Account: 2.31%¹
• Managed FX Hunter Account: 0.11%¹
• Managed FX Scalper Account: 0.61%¹
• Self Managed Gold Account: 0%²

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

If you’d like to see further information on any of the accounts, click on the name of the account below and feel welcome to follow it up with a direct enquiry. We can furnish genuine enquiries with live account statements, read only access and address any concerns you may have.

Official June Results:

• Managed Gold Account: 7.01%¹
• Managed FX Miner: 7.45%¹
• Managed FX Hunter: 18.69%¹
• Managed FX Scalper: 0.91%¹
• Self Managed Gold Account: 0%²

The Miner account performed as expected, and not to sound repetitive, but again no surprises given the predictability of this system. The market did make its typical run against the system followed through by a move back into the favour…and against, again. All moves were very much within the expected tolerable limits. Open position drawdown did get very low during the course of the month which quite often occurs as the market returns to an equilibrium in relation to this strategy and currently running well within expected tolerances.

The Hunter account has also been performing exceptionally well, with a maximum open position DD of around 8% and just shy of an official 20% month on the account we currently track. It’s a lot of work to trade this particular account but the returns that can be achieved are very much commensurate with the input.

The Scalper account has again had its ups and downs and ended the month just over break even. We had a very good start on accounts, with steady gains across the month. The achillies heel of this system is that it can suffer losses that are significantly bigger than any one winning trade. I still remain faithful to the EA’s currently in use and if not for the one or two losers over the month we’d have seen a good monthly return.

The longer running Managed Gold account returned a nice positive this month despite the downturn in the gold price over the course of the month – which is the real advantage of this predominantly bullish gold system over the Self Managed Gold Account option…

The Self Managed Gold account did not close a trade this month, after a stellar 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 within 24 hours unless it’s the weekend.

Sincere Regards,

Adam

Managed

If you’d like to see further information on any of the accounts, click on the name of the account below and feel welcome to follow it up with a direct enquiry. We can furnish genuine enquiries with live account statements, read only access and address any concerns you may have..

Official May Results:

• Managed Gold Account: 3.54%¹
• Managed FX Miner: 7.58%¹
• Managed FX Hunter: 9.94%¹
• Managed FX Scalper: -0.7%¹
• Self Managed Gold Account: 9.09%

The Miner account performed as expected, no surprises given the predictability of this system. The market did make a 500 pip move against the system which it soaked up with ease, even on a 2 x leveraged account, as it is designed to do. Later in the month the market made a big move back into the favour of this system…racking up a heap of gains along the way and significantly reducing open position drawdown, in some recent accounts to zero open position drawdown at times.

The Hunter account has also been performing exceptionally well, with a maximum open position drawdown of just 5% and not too far shy of a double digit month on the account we currently track. Just one relatively minor blemish on the account with a bad CAD/JPY trade, spoiling an otherwise near perfect run.

The Scalper account has by comparison had its ups and downs and ended the month close to break even. Not such a bad result considering the potential ROI and leverage involved. To this point this week we have seen close to a 7.48% gain in just 3 days of trading – at that rate it would more than double an account over 4 weeks, that’s what this account is about and why the monthly profit expectation is posted at 20 -30%.

The longer running Managed Gold accounts both returned positives this month with the Self Managed Gold system posting an exceptional result. The Self Managed Gold system is absolutely long only so of course it really prospers in the uptrends….by the same token we had two months prior without a result and there is increased downside risk by comparison to the managed option. The Managed Gold account has also posted some nice gains this week and is on a good start for June.

If you have any questions please feel welcome to contact us and we’ll get back to you within 24 hours unless it’s a weekend…even then you’ll probably get lucky.

Sincere Regards,

Adam

For those of you who are using our Gold Rush system, by now you will have discovered that there is a weakness related to using 0.1 lots and US$50 spacings:

Let’s say you have a buy limit order set at US$875 and a TP of US$925 on that order, and perhaps another open US$925 long with TP at US$975. Then, the market goes to US$880 (just above the US$875 order, so it’s missed) and then proceeds past the US$925 (missed TP point because you didn’t buy at US$875) and onwards to US$965 (this happened recently): This results in no trades, and no profits over a range from US$880 to US$965 in the example above… a big move!

The good news…

To address this weakness, we’ve now created our very own EA: Gridder EA. This is automated software which buys an order 1/10th the size, but 10 times as often, with the same US$50 TP objective on each order. You’ll struggle to do this manually and that’s a big advantage with expert advisors…AKA “Robots”.

That is, instead of buying 0.10 lot every US$50, you get your Robot to buy 0.01 every US$5 with the same TP objective of US$50. It’s vastly more efficient this way, and involves negligible additional downside risk that is outweighed by the vast increase in efficiency. (An MT4 generated backtest to be tendered in a future post will confirm this).

The standard system will still be profitable over the long term (and we will continue tracking it), provided gold keeps within its range of the last couple of years or goes higher. If the standard system really appeals, you needn’t change a thing.

The really good news…

The proprietary Gridder EA is complimentary to all current Gold Rush clients as a thank you for your business. And into the future, it will be added to the package as well as being available as a standalone trading tool. The Gridder EA is a very useful tool once you learn how to apply it and we use it everyday to assist us in actively managing our Miner and Hunter accounts.

So, is there any catch? Not many in fact, but here they are:

• You will need to upload and setup our Gridder EA.
• You will need to use FXDD broker in the US, the only broker I know that offers gold in 0.01 lot sizes.
• You will need to have your MT4 platform running 24/5 (or get it hosted on a virtual server, we can help you there too).
• You will need to advise us of the account number on which you intend to trade and we’ll send you the compiled EA/Indicator combination with full instructions.
• There is only 1 demo and 1 live account activation per licence.

Those of you interested in the performance of this simple new approach using the Gridder EA set in the afore-mentioned fashion, just click here, which will take you to a recently commenced US$10,000 demo. Save this link and refer to it from month to month and see it’s “slowly but surely” progress…that is if you can call 5% per month slowly.

Don’t let the fact it’s a demo put you off either – with this particular type of system, demo testing is as good as live money (not the case with scalping EA’s for eg). We do, for the record, run a small portion of our portfolio with the standard system, but obviously for us (and Managed Gold Account clients) the larger portions, Adam trades manually.

That’s all for now. Cheers to our prosperity.

Kind Regards,

All of our new accounts are going from strength-to-strength with some very good numbers being achieved, especially by comparison to the longer running Managed Gold account which has been copping more downside gold price action of late than up.

We’ll be summarizing our results updates from this point forward, so to view the full history of results for each account, click on the name of the account below:

Official April Results:

• Managed Gold Account: 4.27%¹
• Managed FX Miner: 9.31%¹
• Managed FX Hunter: 12.17%¹
• Managed FX Scalper: 18.3%¹
• Self Managed Gold Account: 0%²

Self Managed Gold accounts missed a TP target at $925 by just $7 and missed a 5% return this month. Unfortunately it also missed 2 trades last month for the same reasons. We do however have a solution, an EA (autotrader) in current test mode that will address this deficiency for improved efficiency and guaranteed profitability on balance month-to-month, which will be available later this month, so keep a lookout!

If you have any questions please feel welcome to contact us and we’ll get back to you within 24 hours.

Sincere Regards,

Adam