Diving right in: Although the Hunter accounts have mostly gone sideways again since last month, I’m pleased to report that the re-introduction of Razor accounts has proven to be a good decision as we report a positive result for those accounts this month.

Official July Results

• Hunter Evolution

  Our hard-stopped, flat-to-the-market every day, discretionary day-traded accounts. In short, these accounts have moved mostly sideways and a little down, at -1.5% now after 3 months of consistent application. In future, I’ll be spending less time manually trading these accounts, but instead focusing on quality (not quantity) of trading and also recommending some diversification into the Razor account if you are not yet already invested.

• Razor Accounts

  We recently reintroduced this account at 50% of its former risk level. This system traded furiously during a 2 week period in July, of which the reopened accounts saw only the second week of that action for a best result of 5%. Colleagues running the system all month saw 10+% this month; with all positions closed, and no losing trades.

• Momentum EA

  Following several months of hard work, late nights, early mornings, and a not insignificant amount of coding costs, this month we have been rewarded with the 3rd best set of EA results I have seen. Respectable annualized returns with acceptable drawdown are reflected in backtests going back ten years (which few EAs can boast).

  This system has been designed as a true hands-free set-and-forget multi-currency robot trader, already working well on EUR/USD, GBP/USD, AUD/USD and EUR/JPY. It is based on comprehensive long-term backtesting, sensible hard-stopped trend-following trading theory and money management at 1-2% risk per trade with better than 1:1 risk-for-reward trades. It trades on average around 50 times a year per currency pair, so it’s more of long-term proposition (compared to a multiple trades/day daily scalper for example). There is still some further refinement to complete, but it’s running on a small live account on our VPS right now.

• Pendulum EA

  We’re about two months into development of this exciting new system. I ceased further R+D work on the Momentum EA to focus on this one. Pendulum EA is particularly appealing because its modus operandi is for very high returns via a very busy approach and significantly different approach (to what is considered typical trade theory). It involves a considerable number of daily trades and modifications and results in a market-driven mechanical trend-following grid-based system using a unique algorithm that results in it always being short when the market falls and always being long when the market rises from any point in the market!

  Having built and used two other proprietary grid based EAs, I can confidently state that contrary to the typical grid system methodology the Pendulum EA sets itself apart because:

  • it does not accumulate position against the trend, so there is no potential for open-ended risk in strong trends;
  • it’s specifically designed to thrive on volatility and strong trends, on the big days up and on the big days down this system will shine;
  • market price action determines the long or short bias, being long above, or short below any point in the market;
  • any losing position is always quickly hedged;
  • although nearly always in the market, it’s standard mode of operation is to go flat on every individual order set and it will always close flat over the weekend (eliminating the market open gap risk).
     
    

  Interestingly, when accumulating open positions that require margin (much as any other grid system does), this system in effect “cheats the system” by exploiting one very significant loophole when hedging (being an integral feature of this system): the brokers only require margin for one side of the hedge, so the balancing hedge is effectively “margin free”! What this means is that the account has an increased buffer over what would otherwise be available, which in turn translates to a lower relative DD, improving the overall DD-to-return ratio – which is a critical measure of an accounts performance.

Managed accounts moving forward

Essentially it’s business as usual; most of my days are (were) spent analysing the market and determining some good entries and exit points, and anyone who has traded understands that this in itself can be all-consuming. I will be spending less time doing that now, although I’ll still be keeping an eye open for just the absolute cherry trades (which will probably perform better than slavish day-to-day trading). Aside from the basic maintenance required for the running of Razor accounts, I’ll be focusing more on the longer term EA projects and some other aspirations I have for .  Ultimately, I think the refinement of the three EAs currently on the table will serve as solid base for us to keep going forward.

As always, if you’ve any questions please feel free to ask right here by leaving a comment below, or you can use the contact form to reach me directly. Either way I’ll always aim to give you a quality response the next business day.

Sincere Regards,

Adam

However, I’m not here to waste your time, and of course if you require your funds for other purposes then please don’t feel obliged in any manner: One of the benefits of an FX account traded to flat each day is that you always have 100% on-call liquidity. I’ll continue trading the Hunter Evolution accounts very cautiously and at low leverage until I see consistent forward traction as a result of the necessary adjustment in my trading. And at that time I’ll be looking to increase the leverage per trade.

The good times will come, and in the meanwhile do remember that the number one rule is to not lose – or at the very least to keep any loses tightly contained, which I’ve done very well recently. The market has been extremely volatile this month, especially EUR/USD with lots of indecision and news affecting that pair. The big story in that regard was the massive EUR/USD rally with the pair rising 350 pips in one day; a move of that magnitude has not been seen since back in 2008 in the midst the GFC. I certainly wouldn’t want to have been naked short (with no SL order) on that pair, although undoubtedly many were, and got wiped out in the process. Instead, I gave back around 0.5% trying to find a short entry among these extremely adverse moves. The saving grace of using SL orders is that even if you get the entry wrong, you only lose a small portion of an account.

The official result for the Hunter Evolution accounts for the month of June is -1%*

New Accounts

Moving forward, I have some exciting news and an alternative investment to my slow going on the day-to-day trading on Hunter Evolution. In retrospect, had the Razor system been left to run its course without intervention, it would have actually turned a fantastic year-to-date result for clients. My main concern at that time was the risk level, especially because we did see the risk pushed to its upper limit. Taken in combination with challenges on the Miner accounts, which were running a different system that also involved an open running negative position, I decided then to discontinue all the EA systems, which I felt was the best decision at the time. Subsequently, the Razor system did tick over of its own accord on some non-client accounts, and the performance just can’t be ignored. Time and time again, it has run its course of frequent trading in bursts on breakouts, and at times holding positions open for days before the market retests the high/low, the positions are closed and accounts goes flat. So to use a phrase coined by a colleague I’ll introduce below, “the system has been in the shop” and now its coming back out.

The official re-commencement of the former Razor accounts is July 2010. And also, previous Razor accounts are back in trade with the Razor system.

As you may already be aware, I’ve been toiling away in the background on a new proprietary momentum-based EA system. After several hundred hours of work I’ve very recently begun running live on one test account. It perfoms well over a 10 year backtest period on both GBP/USD and EUR/USD pairs. So far, it is working as intended, and after a trial period it will be further assessed and potentially opened to clients.

The official announcement of the Momentum EA trial account, July 2010. In due course we’ll provide a live feed link to this account.

OK, how about a different service provider with established long-term records? This is a different managed FX account opportunity that I’ve had access to: As you probably know, I’ve dabbled with other traders and various systems over the years, but these days I make very few recommendations for other FX traders, EA’s or systems. That’s because it’s such a risky business, and if my recommendations lose money, then I feel it reflects badly on myself. That being said, I’m also not afraid of calling things how I see them as many of you have experienced. If something comes across that really stands out, which so very rarely occurs these days, then I think it well worth a mention at the very least.

These folks are the main driving force I’ve come to know over the years while we’ve travelled in similar circles and coincidentally our paths to this day are still interwoven because we have much the same interests and values. After this long in the business, I can say that the group carries significant experience in Forex. I’m told that there are 9 minds behind what they offer, and with four different managed account options to choose from, in my experience you’d need every bit of that man power. Just trading a single system can be all consuming, let alone balancing multiple systems. As an overview of what they have to offer, from my observations of their accounts:

• Chrome and Precision Scalper accounts: Trading various scalping based intraday EA systems. These accounts use high leverage and volume, with aggressive trades sometimes topping 20% in a month. There are 6-12 months of track records on these two accounts.
• McLaren: This is a human trend trader, acclaimed by ED. This fellow traded and made folks plenty to be sure, though that’s not say that there haven’t been hiccoughs along the way either. Personally I think that a good human trader is the best, but they are extremely hard to find, especially over the long term. Recent re-introduction after being “put back in the shop”. Experienced trader, now running latest.
• Guardian Account: An advanced Grid system. This high frequency trading system with open running positions during profit phase that is wound back to flat periodically for withdrawals. Atypically (to a “normal” grid system) it thrives in a trend and tends to accumulate positions while range bound. All minimums for these accounts are USD5k and fees are in the 30% ballpark, which is about average in this industry. They offer their Precision, Chrome and McLaren accounts via a reputable, genuine Panamanian broker and their Guardian accounts through a US based broker.

Cayoflow June 2010 Month End Trading Report

To consistently achieve this level of return to-date is quite exceptional, all things considered. Certainly, I’m aiming to put myself in the way of the opportunity that I believe it represents, and I urge you to take the time to consider this for yourself.

If you’d like a formal introduction, then please send your contact details to me (Name, Phone, skype + timezone, preferred methid of contact) and I will make the arrangements so that you can conduct your own due diligence investigation.

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

To see further information on any of our current 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 March Results:

• Managed FX Miner: -53.57%¹
  • Weblink to detailed account reporting
• Managed FX Hunter: -2.01%¹
  • Weblink to detailed account reporting
• NEW Managed FX Razor: -0.4%¹
  • Weblink to detailed LIVE account reporting

The Miner account had a really bad month. The account was rightly long on EUR/CHF and short on AUD/NZD, according to the long-term correlation theory on which it is based. In addition to this, the Razor EA (which runs on the Miner account too) was also short the EUR, and that too was the right thing to do – until this recent rally.

And then, simultaneously, all of those pairs headed in the wrong direction such that within 24 hours account equity went from somewhere near reasonable, to extremes that pushed the smaller and more highly leveraged accounts to a margin call. (A margin call occurs when the sum total of all open trades exceeds the account balance, and the broker closes all positions at a loss to the account holder).

While we already knew that the possibility for EUR/CHF and AUD/NZD to head to these extremes was there, statistically it seemed extremely unlikely – and even more unlikely that they’d both do that simultaneously while the EUR also rallied against the USD… but, fundamental forces resulted in: CHF rather EUR’s (for now obvious reasons); AUD rather than NZD, because Australia is a natural resource power house with virtually no sovereign debt. After a strong EUR sell off, which brought some strong profits for the Razor, it now seems that the market wants EUR for USD’s, while the Razor EA has short positions down low.

Were it not for the EUR/CHF and AUD/NZD positions, or even if the worst affected accounts had received additional capitalization, then they would likely have had enough to room to breathe with their additional EUR/USD trades. All said and done now, it should never have gotten to this point, and the decision to first run the Miner as a stopless system, and later the same for the Razor system has proven fateful for our Miner account clients, the company and myself.

The Hunter account’s relatively consistent run of profitable trading continues with most account about flat for the month, albeit with a game of hedge on the GBP/USD pair for a period. The overall negative results was a results of two saftware malfunction on two accounts causing orders to unintentially close. The open position DD has continued this month, though to a lesser degree than it has otherwise been recently. The month finished off smoothly for the Hunter accounts, despite focus being somewhat diverted to the Miner account issues.

Given the lessons learned from the Miners, and considering the long-term trading of the Hunter accounts, these Hunters are now being traded with some variation to their strategy: That is, from now on I will take more regular smaller losses in order to prevent a large accumulation of any currency pair, and rely more on good entries and exits with shorter term stops. The idea is to remain more consistently flat to market, with no large open positions. The more recently opened Hunter accounts are now in profit and flat over the weekend. And, boy, I can’t tell you how satisfying it is to not have those accounts constantly in the market, exposed to ever changing fundamental market forces.

The Razor accounts performed nicely for the first part of the month, but were unfortunately caught in a series of short EUR trades placed on a Friday. The market then rallied significantly to our upper most risk tolerance, at which point I manually implemented a hedge. This gives a trader time to develop a trading plan to deal with the situation. I waited for that opportunity, which seemed to arrive on Good Friday when the market failed to reach 1.36; I placed a take-profit on the hedge at 1.3585 (with a protective long hedge again at 1.36 in case price rocketed north), and simultaneously added to the short position with stop-loss at 1.36. The market just had to hit that 1.3585 mark again, while not reaching the 1.36, and then drop far enough that I could close out all orders in profit without taking a single loss, and get the accounts back to flat for this plan to work out perfectly.

As I was manually installing orders to execute this plan, on the first account I manually closed the long and went short, before moving on to the next account. By this time the price had moved just below the long hedge, so I installed a take-profit very close, thinking we’d surely have another spike towards 1.36 – if not breaching it, thus reapplying the long hedge (this prevents the situation from otherwise worsening). Well, the price didnt come back and proceeded to tank – just my luck it seems this month. At the end of the day I will again need to await the right opportunity to try the same plan again until it works; the only alternative would be to manually close all orders and take the open position hit of around -30%.

This month, the Self Managed Gold account didn’t close out any trades, which is hardly surprising given the downside seen in gold, care of the recent flight to the USD. Still, it remains very strong in the face of an uncertain and volatile economic environment. 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 associated downside risk. It’s essentially no riskier than the same quantity of physical gold but with any increase in leverage comes an associated increase in risk.

The sum total of everything that is on my plate right now has made me realise that I need to become more focused on a fewer trading systems myself, particularly the stopless systems that require 365 days a year attention. And rather, to work more on more stringent risk management, while further diversifying into a quality range of forex accounts and services that do not exclusively rely on my own input. I still feel there’s an immense amount I can offer, but the format of delivery will need to be changed to leverage it more profitably for you. As I stated previously, the details of all this are forthcoming.

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

Miner accounts

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:

• Managed FX Miner: 7.84%¹
  • Weblink to detailed account reporting
• Managed FX Hunter: 9.40%¹
  • Weblink to detailed account reporting
• NEW Managed FX Razor: 3.96%¹
  • Weblink to detailed LIVE account reporting
  • Weblink to detailed demo account reporting at Alpari(UK)
  • Weblink to detailed demo account reporting at PBFX (an ECN broker in the US)
• Self Managed Gold Account: 5% (approx)

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

This new Razor system works extremely well on live-money accounts, and has been well tested at 5 different brokers so far. As of the first week of February, we’ve begun running it on all existing FX Miner accounts, where its trading has followed the current big trend with 100% accuracy, and with only rare periods of relatively minor DD. Even though the details posted below are based on backtest studies and live forward-testing (because we do not yet have dedicated stand-alone FX Razor accounts for the month of January), I do want to stress that the latest stand-alone live-account performance is equally encouraging.

To see further information on any of the accounts we offer, just click on the name of that account below and read the brief summaries that follow further down. 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 January Results:

• NEW Managed FX Razor: 16.3%/32.6%¹
  • Weblink to detailed demo account reporting at Alpari(UK)
  • Weblink to detailed demo account reporting at PBFX (an ECN broker in the US)
• Managed FX Miner: -1.75%²
  • Weblink to detailed account reporting
• Managed FX Hunter: 5.68%²
  • Weblink to detailed account reporting
• Managed FX CarniFeX: 1.98%²
  • Weblink to detailed account reporting
• Self Managed Gold Account: 5%

The new Razor account has a super-low entry investment of just US$2,000, but we have only a limited initial trial client intake of 25, with first priority given to our existing clients. If this EA continues to perform as well as we’re anticipating, and as well as it has been doing on live-accounts recently, then this may be your only chance to enter! We are currently trialing at PBFX (a semi-private ECN/non-market-maker brokerage in the US), with the view to also offer the accounts there, because our live-testing has shown even better trading returns at this particular broker. 60% and 70% months are entirely possible even at standard leverage, and between all our live-trading to-date, and our 10 year backtest, we’ve found just one losing month in it’s entire history!

The Miner account performed as expected given the market. At the depths of the extreme move against the system, I gave some returns back with lost hedged trades. That turned out to have been rather unfortunate, because not long after that, two very favourable events occurred:

1. The SNB intervened not once, but twice to support the EUR/CHF. Such things usually precede a base being formed and an eventual reversal. This puts us in good stead, and I would like to thank the “powers that be” for protecting the downside which would only be exacerbated by the current PIGS situation.
2. The RBA surprised the market by not raising rates further, causing an immediate downward spike on the AUD/NZD pairs closing out a bunch of shorts for a nice profit.

Despite those favourable events, the whole situation lead to some evolution in our FX Miner system and, having consulted with all existing FX Miner clients, it’s now become ’s mixed robot system. The update includes:

1. the CarniFeX EA, which has been doing a great job long and short the EUR/CHF and AUD/NZD pairs versus the one-direction only Miner system;
2. and the new Razor EA, our other all-time favorite EA that really proven itself over the past 10 months.

Going forth, this may very well be one of ’s highest yielding and consistent accounts with some accounts already up as high as 7.5% on February month to date.

The Hunter account’s consistent run of trading continues; although the very strong USD surge caught us a little unprepared being net short in that department. Given the primary trend has changed on the USD, we are looking at things from a USD strength position until a reversal is clearly evident. In the meantime Hunter account holders are going to have to live with some open-position DD – although this shouldn’t adversely affect their ability to continue to make consistent balance gains across the mixed portfolio of positions in the interim period.

The recently introduced Carnifex Pro account has proven ideally suited to the recent market conditions. Our most recently commenced account has also gained the benefit of an excellent entry: The relative extremes in the current price of EUR/CHF and AUD/NZD creates a fabulous opportunity to enter the market at a price far above or below the long term median prices, which should really pay off in the longer term when the price moves back towards that median.

This month, the Self-Managed Gold account closed out one trade, provided your broker of choice did see below US$1,074.50 along with the high of US$1125 for January. With the recent scramble to USD, Gold has taken a bit of dive but it’s also said that when no one else wants to, that is usually the better time to buy. Only history will tell for sure. This is the suggested account of choice for folks wanting core long exposure, and who are willing to take the relatively small investment of time 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 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