Please find below the net return for December 2023 for standard and higher risk strategies.
All strategies have now been turned off and will not be turned back on until the new year. We cannot provide a date at this time as it depends on what happens over this period.
The liquidity dried up quicker than we anticipated, and we got caught with a stop loss on two buy positions on EURJPY which dropped from 156 to 153 within minutes in the earlier Asian market session this week (see pic below of the sudden drop to 153). Even though the market bounced back within a couple of hours, but from our side we already took the loss.
The strategy worked exactly as it should for the bot trading this currency pair as the stop loss is set a good distance away. For it to hit the stop loss means something dramatic has happened in the market and exit the trade as soon as possible. News had come out of Japan, but it did not justify the level of drop that occurred hence liquidity can be blamed for such a large and sudden drop.
As a result, we incurred some losses this month on the Coral Bay strategies and a couple of others had very low returns as had to recover the loss first and further we only traded a short period this month.
Due to the above, the decision was made to turn off all strategies and lock in profits for the year. Whilst we could try to keep the strategies open until the end of the month, but this would be high risk trading which is not how we operate.
All our strategies have made strong profits for the year and investors finish the year with more equity than they started with. We really do appreciate our investors being on board with us.
It all starts again in January 2024.
With all trades now closed, now is the best time if you want to make any changes to which strategies you want to follow or increase or decrease your investment.
Finally, the website is currently undergoing maintenance so there may be some periods where it is taken offline. If you have any queries, please do not hesitate to reach out.
