Please find below our net returns for May 2024.
Our strategies did not trade the first week of May as our servers would not allow new trades to open. It did not impact the current trades open but any new trades the bots wanted to open, it could not occur.
It was discovered the issue was the Windows server updates did not install properly so they had to be re installed. Soon as this occurred, everything went back to normal.
Due to the above our strategies missed the chance to trade on the larger news events that occurred in the first week.
Detailed below are some further changes that have taken place.
On Cradle SR and Cradle HR we have removed one of the bots from trading ANZNZD. The returns for the risk were out of proportion and it was the cause of larger drawdowns occurring.
We will also have been looking at some of other strategies to see if other changes are required. For example, we are monitoring one of our bots to track how it handles the current market. If the decision is made that the return vs risk is not within our parameters, we will look to turn the bot off.
Finally, we are in the process of modelling to determine if we can set up either one or two new very high-risk strategies that will target over 80% gross returns a year. This is the kind of strategy that will be bound to have large draw downs and higher probability of the account losing all its capital. To build these strategies we are using all the data from our current strategies to test the modelling to see if can be achieved. But as always, it is the unknowns that come from left field that cause the largest impact. Any investors thinking of following need to understand this is very high risk. From our side, we understand the risk of capital loss and whilst we do not want this to occur – the risk vs return allows us to push forward.
If you have any queries, please do not hesitate to reach out.
