A quick update on Acorn and performance to date. In the first quarter of 2017 the system returned +20% (inclusive of trading costs), with a maximum drawdown of 7%, all positive months – At Smith Trading Group we have yet to complete any month, quarter or year as a negative.
At the time of writing April has been a fairly slow month, returning +2.5% with 7 trading days remaining. While some would argue this is frustrating, Acorn trades on good opportunity – not randomly opening / closing trades in the hope or false promise of profit. What does this mean? We sit tight, preserve our capital, keep costs to a minimum and strike to good effect when the right opportunity presents itself. If the system were not to trade for the remainder of April (I have high confidence it will) then we have still cleared another month in profit.
If you have a question, or anything else on your mind then feel free to get in contact!
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.