Dear friends,
For those of you not invested in our Stone Fund (v2) program, you very well may wish you were after reading this. At the VERY least, this program should be on your radar, especially if you are looking for a smooth, profitable, FX trading strategy with low drawdown (a rare gem in the FX markets). The record unfolding on this seems to be going from great to excellent lately!
To explain, we are progressing in to the 9th month of live trading with the strategy. To sum up why we are so in love with it, please see the entire live track record so far here:
LIVE MYFXBOOK LINK (click image below)
You can view it’s dedicated page by visiting here: http://www.managedforexhub.com/managed-fx/our-funds/stone-fund/
This is up approx 54% with only a -4% peak to valley max equity drawdown. That part is what makes this so amazing, and so rare! This strategy is one of the easiest on the eyes, and easiest on the stress levels we have come across to date! It is scaleable, broker/LP/PB friendly and very adaptable which is why we believe it has such a strong chance of continuing to perform like this for a very long time.
In fact, last month was its best performing month to date! It banked a +8.27% return, with only a -0.5% max equity drawdown. A perfect month in every aspect!
We have funded our own live account inside our PAM last month, and although we missed most of the return in February, March will be our first full month trading inside of our primary PAM. We should probably mention that the program is already up approx 3% in March so far too with lots of month left!
What is the Stone Fund?
The Stone Fund is a “rock solid”, manually ‘tuned’, automated trading machine consisting primarily of a series of different systematic sub-strategies used collectively to diversify its overall trading approach.
The chief strategist and programmer is a young physicist who has built upon his problem solving aptitude stemming from his math and physics background, to progress in to the algorithmic trading arena, as he firmly believes that automated, emotionless trading systems are the ONLY precise and methodical way to truly use real statistics and hard data when trading in the financial markets.
The program itself is approximately 80% systematic (i.e., automated) in terms of trade execution and management, however a discretionary overlay is used to oversee and fine tune the algorithms used in the strategy whenever necessary. Thus, the program is in a constant state of evolution and always trying to improve as it trades through various different market conditions.
The primary strategy is based upon “momentum following”. The entry algo is exclusively based upon intra-day price action. NO indicators and NO oscillators at all are used which makes it very unique and highly scalable, and non-dependant upon particular data feeds or trading platforms or trading tools.
As part of its evolution, additional pairs will soon be added to the strategy which should further diversify the program and bring even MORE stability and strength to the program.
Why is it Called Version 2?
As many of you may, or may not know, we had traded with an older Stone Fund program since 2011. This year the Stone team had parted ways and split up and the original program was closed down. The partners had a (friendly) falling out, and parted ways and went on in their own directions.
We were forced to make a decision to close down Stone or work with one of the team members individually. We had a very strong relationship with one of the original members from Italy, and after fully analyzing some of his private algos (i.e., primarily this one) it became a no-brainer for us, and we are very happy in our choice to continue working with him now and in to the future so we can have this opportunity for us and our partners.
So in essence we are working with one partner from the original Stone team, and we believe it is certainly the best one! Hence it is Stone version 2 (or Stone “upgraded” as we sometimes call it).
Other News
We have quite a flurry of activity taking place. We are compiling all of our February month end statistics and will be writing our month end commentary very soon.
In other news, our ArcFX program is back above its high watermark and looking really good! There have been some recent changes as well, for the better. This is certainly our longest running, most reliable and stable program we have come across. We will be profiling this strategy in depth a little more soon.
One of the more exciting bits of news is the introduction of our first ever Futures trading program. We will have some information compiled very shortly about this program as well, and it will bring some very nice diversification to our product line and portfolio.
As always we welcome a conversation with any of you at any time.
To our forward progress!
Managed Forex Hub