How does the model
trade?
The model typically looks
for a 50-pip profit against a 30 to 50-pip adjusting stop loss. These
levels are determined by the model at the start of each new trading
week. The model has parameters that give it a cautious stance
overall, and there are typically just 1-2 trades per day. To cut down
risk, the model closes positions on Friday night before the NY close,
and the first trade in any week is the next signalled
trade.
When did live trading
begin?
Spotradar EUR/USD model has
been run live since January 2005, and GBPUSD have been trading live
since November 2006. In that time on EURUSD we have seen a maximum
number of 5 consecutive losing trades, and periods of 11 - 17
consecutive winners, on GBP USD we have had a maximum number of 5
consecutive losing trades, and several periods of 5-6 consecutive
winners.
What trading
results have been produced?
HYPOTHETICAL
PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE
DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT
WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE
SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN
HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY
ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IN THAT
THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN
ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND
NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCCOUNT FOR THE IMPACT
OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO
WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN
SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY
AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS
RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY
SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE
PREPARETION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN
ADVERSELY AFFECT ACTUAL TRADING RESULTS.
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Summary of Live GBP/USD Trading Track Record
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Click here for a full Trade By Trade results view
How are signals
distributed?
Spotradar can be received
by traders at banks, brokerages and fund managers in two
ways:-
1. Directly from Nostradamus -
using an IP to IP address distribution system that guarantees
delivery of signals, and generates on screen visual and audio
alerts.
2. The system can be API linked to single and multi bank trading
platforms to place trades automatically on request through Strategy
Runner [ www.strategyrunner.com].
What will Spotradar
cost?
Users may choose from two
charging models, either a performance and execution fee or licence
fee basis.
Contact
Nostradamus for more information.
Mr Geoff Gant
Telephone +44 [0] 1293 888877 During London Office Hours or eMail geoffgant@nostradamus.co.uk
Nostradamus Systems
Ltd does not intend to give investment advice. Nostradamus Systems
Ltd takes no liability for any risk position taken by any party based
on the signals of Spotradar. Any action taken as a result of the
information provided is entirely at the users own risk, and usage of
Spotradar denotes the user's acceptance of these conditions in full
and without reservation.
Positive trading signal performance in the past does not guarantee
the trading signal will be profitable in the future. There are
various reasons why user's trading performance is unlikely to be the
same as trading performance results presented by a trading signal
provider, including but not limited to: varying levels of market
liquidity; varying sizes of market spreads; discontinuation of credit
lines and trading lines; the imposition of regulatory or governmental
authority over buy-side and sell-side market participants including
user's counterparty; human error; dealing error; varying levels and
speeds of connectivity; delays in generating, transmitting, routing,
and accepting orders; a lack of following every single trading signal
as it is generated; the effects of other positions that user
maintains that were not placed in accordance with signals or
strategies offered by the trading signal provider; varying margin
requirements; varying stop-loss, limit acceptance, and margining-out
provisions; public or market holidays; one-time or infrequent
exogenous market events; temporary inability of the trading signal
provider to generate or transmit trading signals or strategies; lack
of trading experience, and many other reasons.
Foreign Exchange trading carries a high level of risk to your
capital. Only speculate with money you can afford to lose; you may
lose more than your original stake or deposit. Prices can move
against you and resulting losses may oblige you to make further
payments. Foreign exchange trading may not be suitable for all
investors, so ensure you fully understand the risks involved and seek
independent advice if necessary.