If this is your first visit, be sure to
check out the FAQ by clicking the
link above. You may have to register
before you can post: click the register link above to proceed. To start viewing messages,
select the forum that you want to visit from the selection below.
The first month of Summer in the northern hemisphere has been a little challenging.
Volatility has been down and as a result most of our traders have struggled to generate pips. This is with the exception of Smart Trader who knocked it out of the park with his biggest gain of the year (6.19%). This show really shows us the importance of diversifying our portfolio's across different traders and strategies.
June Profit ReportAll statistics verified by Myfxbook. Past returns may not be replicated in the future.
Smart Trader killed it this month with his biggest gain of the year. The highlights were a 141 pip winner on EURNZD and 131 pips on EURCAD. It's fantastic to see this trader continue to generate attractive returns in a difficult market.
Low volatility has hurt TradeAlerter more than anyone because he specialises in JPY crosses.
To give you some perspective on the significance of this change take a look at USDJPY's average daily range (ATR indicator on the daily chart). 12 months ago this pair moved 205 pips per day, It's now moving only 39 pips. That's an 81% reduction in volatility!
I respect that TradeAlerter hasn't forced trades and is continuing to generate pips despite the difficult conditions. When volatility returns, so will the returns, until then expect him to keep risk to a minimum and only take very high probability short term trades.
The FX Viper faithful are being tested as we continue to hold onto the USDCAD drawdown from last month. After an extended period of time it's easy to become fatigued holding onto losing positions. I have offered an insight into my experience dealing with this kind of situation on our forum. Please click here to view the post.
The thing to remember is that FX Viper has been making money from the markets for over a decade. This is nothing he hasn't dealt with before and I personally have no doubt that he'll recover the floating losses very soon.
Joel got badly burned on S&P during the month as the US stock market continued to rally against him. He was forced to close the trades in respect of the parameters set out at the beginning of the 3 month cycle.
Due to demand from subscribers Joel is starting a fresh cycle on 1st July and will do his best to recover and surpass the recent losses. It's very unfortunate timing, however I still believe Joel has the skills and market intelligence to generate returns for me and our members. I need to mention that the the overall growth on our site is not correct because it doesn't take into account the 9.9% gain of last month. We are working on a way to rectify this.
The road to forex riches is fraught with pot holes, ForexSignals.com offers you a high wheelbase, 4WD to travel through smoothly as possible, however our vehicle won't remove the bumps completely.
Remember - Forex is a risky business. Only trade with money you can afford to lose. We take no responsibility for any loss (financial or otherwise) as a result of our signals, technical issues related to our site/software or your own greed.
Nick I have a question to you. When you check one Fund return they report "NAV" value and equity values.
Say that Fx viper is +0.02% makes me wonder.
Better Profit Report would be to have Equity return during the month instead.
If the trader never close trades ( big Floatings ) you will have positive months but in reality it is not.
Sorry but that gives wrong view of the system. This system is negative during Oct. not +5%.
Remember Equity is was you get .... you never know what is behind the door and sometimes you need to close your account and the broker will give you equity....
What do you mean by "industry standard" to report the balance.
Funds report Equity ( even Equity with the cost ).
I think report the equity evolution is more correct then the balance.
I'm only speaking from personal experience. All the reports that I remember reading have used the balance to report returns with a separate section for peak to trough drawdown (which includes equity)
I'll continue to report the monthly return based on the Myfxbook reports. I don't think anyone can accuse me of hiding anything and the Myfxbook information is what most of us use to verify results.
Nick I do not acccuse you for anything.
You do a great work.
What I mean is giving equity progression in % would give a much more correct view of the systems. ( Improvement of your reporting )
System doing good with balance maybe not to good with equity.
I'll continue to report the monthly return based on the Myfxbook reports. I don't think anyone can accuse me of hiding anything and the Myfxbook information is what most of us use to verify results.
Comment