I have tested an improved version of my core strategy (the best parts) over the past 2 months, having listened to the complaints over the last couple years, and I have mixed what I call "rigid hard rules" for entry and exit WITH my well-known "flexible soft guidelines" --- this I believe will eliminate the losses on all strategies during times of REVERSAL and OVER-EXTENSION -- basically the 3% of times at most when prices fall outside 2 standard deviations from the mean. The parameters on this new upgraded system should also only allow high risk accounts to grow with scalps -- whereas the mid-range risk accounts will be allowed to flex past the Maximum Adverse Excursion and Max Open Exposure of the 5 most important levels of risk (which includes highest and lowest risk accounts).
Still completing tests on this new updated strategy, and will release in July once Mt Cook has given approval and I am satisfied that it properly addresses the drawbacks to the previous Core OTB strategy of 30 months.
This improved version of the OTB strategy will include:
The system of systems or the Matrix:
1---simpler management of mulitple strategies off one master
2--mixture of rigid and flexible exit parameters -- 5 most important of 8 will have same profit targets -- to be mainly determined by RSI and Ichimoku indicators on lower timeframes
3---more steps in the Risk Continuum (instead of 3... there will be 8 -- from 1x to 4x risk -- with equity allocation proportional to the exponential nature of dangerous risk
4---new track record for data analytics to determine how successful this new matrix is
5---Hard monthly / basket cut off levels -- for example 12% for the most important 5 levels of risk
6---Soft monthly / basket cut off levels -- for example 15% to 18% for the least important 3 levels of risk
7---Withdrawing profits from most dangerous accounts each month and re-cycling into lower 5 levels of risk
8---Max Open Exposure for 1x-1.8x risk accounts -- 1 standard lot per $10,000
9---Max Open Exposure for 2x-4x risk accounts -- 2 standard lots per $10,000
10---Choose allocations of Capital to each account based on its monthly profit, risk of ruin, and hard/soft or rigid/flexible money management
Things will be ok, only because I have built up a great amount of knowledge and strategies for recovery, and I am willing to work hard and give people a good recovery offer. I am not about to leave you high and dry without an epic battle. Don't believe the naysayers.
NEW free subscription for 4 weeks for trade copying on my Low Risk simpletrader signal for all clients -- to give time for both new and existing clients to see how I manage the recovery and stricter rules.
clients in Mt Cook PAMM under High Water Mark -- those who were invested via this method have my services to bring them back to their previous high water mark without further payment until this level is surpassed.
I am creating a 12% monthly automatic cut off limit which is being managed by the broker Mt Cook team going forwards. 1 standard lot per $10,000 of total open exposure at any one time. If you don't see this disciplines being followed in the free period or if I'm not making profits, then you can then make other plans.
Posted by BSR FX
35 days ago
Growth: 66.59% - Drawdown: 9.53%
It was a hard time during last year for BSR FX system. This system had been tested for 5 years of history, and 2 years more of forward test. The market was somewhat different during 2018. But I believed the market would be going back to normal, so I did only minor changing of the algorithm, resulting less of trading counts per month. The system is going back now. Thank you for your patience. The screenshot is YTD of BSR FX.
Posted by Frero
37 days ago
Growth: 7630.13% - Drawdown: 44.55%
Thank you for your patience and trust in Frero system. Once again patience paid... I received a lot of support but also criticizim due to relatively higher risk. Going forward, there will be no change to our Frero model and we will work to resume the moderate risk level.