Strategy Update 15 May 2022

Per our last message we have reviewed our strategies and we will be turning on the following strategies next week:

Kangaroo Island
Kosciuszko
Red Centre
Quobba
Karijini

These strategies either have a number of bots trading on them so we can lower the risk and further do not trade all a time – specific criteria must be met for them to trade.  This means they can best manage the current market.

In saying this the following strategies will still trade but we will not be allowing investors to follow as the current trade environment is not suitable for investors.  We will be increasing our capital on these accounts and lower the lot size so it will produce minimal return but it allows the bots to keep running and collect market data so they can begin trading again once conditions are right.

Coral Bay
Ulladulla
Wave Rock

Their performance will be tracked but we cannot rule out regular drawdowns occurring due to the way markets are trading.  These strategies trade everyday which is not ideal in this market.  Once markets settle, we can reopen these strategies for investment.

We kindly ask our investors to withdraw their investments from these three strategies.  We will also ask the broker to disconnect your investor account so there is no chance of trading occurring on your capital.

The two new strategies are testing are performing very well but their minimum capital returns will be much higher, so it allows our team the ability to use lower lot sizes as they have a number of bots managing trades.

If you have any queries, please do not hesitate to reach out.

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Disclaimer: While all reasonable care has been taken in the preparation of this information, Brindabella Capital take no responsibility for any actions taken based on information contained herein or for any errors or omissions. Interested parties should seek independent advice prior to acting on any information presented.

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Trading on forex markets carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading on forex markets may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.