Please find attached the net return for October 2023 for standard and higher risk strategies.
What we are finding currently in the forex market is traders are mostly focused just on US news events. What this means is we have situations of currency pairs trading to what they believe the news will be and then waiting for the news to be confirmed. As a result, if the news is correct, the currency pairs may stay at the current level. But if not correct, a mad flurry will occur as to what the news impact means now and going forward.
As a result, we have situations of many days of little trading occurring and if news predictions are incorrect, large swings occurring.
All our strategies are open for trade except the Red Centre SR and Red Centre HR. It is still holding buy EUR/USD trades. We are continually monitoring the market to see if any action is required. These two strategies have had some bots turned off to limit the amount of trading whilst we wait for the current positions to close out – hence the smaller monthly return.
Karijini SR has hit the 100% total return from inception which was 16 July 2020. We now have two strategies that have hit this milestone. The next one that will be aiming for the 100% target is Quobba SR.
We also have two strategies achieve over 5% returns for the month being Grampians SR and Quobba HR.
As always, we take the long-term view, and the strategies can only trade with what the market presents to us. Any queries, please do not hesitate to reach out to us.
