Here is an update on automated currency programs. The programs went on live account on 21 st December 2009 with £ 6,500 and have produced £1532.51 profit in 3 months. The automated programs were trading $1 per pip with real money.
The annualized actual return is calculated as £1532 *4 quarters , equivalent to £ 6,120 annually over the required capital of £20,000 .This is equivalent to 30 % per annum actual return. The return would have been higher and in the region of 40 %, except I closed some trades earlier and manually. Returns would normally be higher in favorable market conditions
My automated programs can make around $20 m a year in risk free income for a $300m currency fund .Bill Lipshultz A currency fund manager makes about $15 m a year in risk free income from fund management fees. Over 10 years they can generate $200 m in risk free income.This is why we must keep these programs a secret.
The above is the first major system consisting of 11 trading systems , it was improved last autumn and restarted on live accounts. The second major system consisting of 25 trading systems is under re-testing and will be ready to go on live accounts at beginning of June. The third major system consisting of 18 trading systems will be ready to go on live accounts in beginning of may. The combination of 50 systems makes the automated trading systems more robust.