Please find attached the February 2021 net returns for Brindabella Capital Forex.
February was one of those months that had large movements occur. Ulladulla’s return was down as it got caught in the wrong direction on a trade so it had to hold onto the trades and did not open anymore trades until they were all closed. Whilst not ideal, it is still positive as the bot was able to manage this and our risk levels allowed it to ride through.
But Mount Ainslie and Nullarbor strategies had their bots turned off during February and the trades managed by our team. Due to this – these strategies have be closed as whilst it is a once off – the level of risk is not acceptable with clients funds.
We have also reassessed all our other strategies and made some modifications to ensure the level of risk is adequate.
If you have any queries, please do not hesitate to come back to us.
