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Sentiment Account
This is a medium-term account that employs two complementary systems simultaneously. The main system is based on proprietary traders sentiment data which monitors traders positioning and open interest in currency pairs.
The system enters a trade when there is an above normal change in general market sentiment, whether it indicates that traders have flipped direction from long to short or if there was a significant increase in the same direction.
The fund performs well when the market breaks out of an established range or has begun trending. Similarly, the fund will draw down during periods where the market is range bound. To minimise the effect of a ranging market this account employs a secondary system which trades pairs that are traditionally range bound by closely monitoring their support and resistance levels, and entering trades at the peaks and valleys, thereby minimising the loss from rangebound markets.
Using proprietary market positioning data, this account seeks to exploit over bought and over sold market conditions. Based on a non-discretionary trading model, this account typically trades 13 different currency pairs.
Account Composition
Performance
| Inception | Year to Date | Avg Monthly Return | Max Equity Drawdown [?] | Min Account | Trading Style |
| Nov, 2006 | -7.05% | 1.56% | -10.75% | $5,000 | Automated |
| 2006 |
|---|
| Month | Return |
|---|
| Nov | 1.03% |
|---|
| Dec | 1.43% |
|---|
| Total | 2.47% |
|---|
|
| 2007 |
|---|
| Month | Return |
|---|
| Jan | 0.23% |
|---|
| Feb | 1.57% |
|---|
| Mar | 5.40% |
|---|
| Apr | 0.23% |
|---|
| May | -1.57% |
|---|
| Jun | -1.11% |
|---|
| Jul | 7.66% |
|---|
| Aug | 5.83% |
|---|
| Sep | 4.00% |
|---|
| Oct | 5.71% |
|---|
| Nov | 5.21% |
|---|
| Dec | -0.87% |
|---|
| Total | 36.94% |
|---|
|
| 2008 |
|---|
| Month | Return |
|---|
| Jan | -0.65% |
|---|
| Feb | -7.90% |
|---|
| Mar | 3.78% |
|---|
| Apr | -2.12% |
|---|
| YTD | -7.05% |
|---|
|
Notes: Results above are net of management fees, but before performance fees. Past results are not necessarily indicative of future results.
Fees
20% of net new monthly profits above the high water mark, plus a 2% annual management fee paid monthly (0.1667% per month).
How it Works
You open an account at FXCM in your own name and fund it. Only you can deposit or withdraw funds from your account as it is in your name. You sign a letter of direction granting FXCM a limited power of attorney to trade your account on your behalf. You retain full control over your account and can withdraw the letter of direction at any time.
Open An Account
To open an account, please complete the form below to have account opening documents emailed to you directly. Don't forget to check your spam folder and add "goforex.net" to your approved senders.
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