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System mainly trades three currency pairs namely EUR/USD, GBP/USD, & USD/JPY. However, AUD/USD, EUR/JPY, and USD/CHF may be traded from time to time. Those are the only six currency pairs ever traded.
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System is completely non-discretionary and strict entry and exit rules are adhered to. However, to protect against computer or other types of electronic errors, all trades are entered manually and monitored throughout the trading day.
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Hard Stops are entered immediately upon the opening of each trade.
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All trades are closed by 5pm to 7pm EST each day. System is designed to follow momentum and trade with the current trend.
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Minimum account size at this time is $25,000. The minimum will be moved up to $35,000 in the summer of 2008.
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25% YEARLY performance fee charged on net new highs, plus $10 per lot traded.
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A yearly performance fee allows your profits to compound much better than a monthly or quarterly performance fee.
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No performance fee guarantee: If the Managed Account Program does not realize a profit of at least 20% for the calendar year (before performance fees are calculated), then no performance fee will be charged for that calendar year. 007’s system targets 50%-70% yearly gains (before performance fees), however, no guarantees are given or implied and past performance is not indicative of future results.
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The results above are net of all broker fees/commissions, but not net of the yearly performance fee. Please call my office with any questions.
Please email me if you would like to see the broker trade reports.
*Risk Disclosure: There is a substantial risk of loss in trading off exchange forex exchange products (forex). You must be aware of the risks and be willing to accept them in order to invest in the forex market. Don't trade with money you can't afford to lose. This report is neither a solicitation nor an offer to Buy/Sell forex contracts. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this report. The past performance of any trading system or methodology is not necessarily indicative of future results.
