Yes, I am alive! There have been lots of changes since my last post…I’ve switched from InterbankFX to Oanda and have not looked back. The only thing I can complain about is their charting; but execution, stability, and support are top-notch in my opinion.
So, what’s been going on? The account is sitting on a balance of 59k, a return of 18%…but a slow and steady growth. Nowhere near previous returns, but nowhere near the stress levels either. This account will be traded similar in money management to how the rest of the fund is traded…but just a tad more aggressive. The markets have been slow as of late, but 10%/month should be a reasonable goal. So the 50k to 1 mil will take longer than planned, but I’ll play it by ear. I may take out 50k once I reach 100k, and play my old MM scheme; which should take a bit of the stress out.
Will keep you all updated… 
March 28th, 2006
Well, I was smoothly heading towards February’s target goal of $84,500 when the EA’s were caught on the wrong side of this latest bear dollar trend. Preceding this trendy action, I upped the leverage on the EA. Well, that didn’t turn out too well.The timing of the lot size increase was probably the worst it could have been and wiped out the majority of the gains the account previously made this month. I’m now back to about breakeven when I started January, and will keep you all updated with my results.
I am using an agressive MM strategy that utilizes the banked profits to exponentially increase gains. I may decide to use the conservative MM that the normal funds are traded with…slow and steady does it. Will post later on my decisions. I still believe I can hit the goal in the alotted time period of a year; only time will tell.
On another note, I think InterbankFX may have taken me out of the contest instead of putting me in the “Unqualified” section of the contest. I placed some manual trades to offset the EA, and I can’t find my name anymore.
Here’s a screenshot of the account, equity currently at $50,155.
January 24th, 2006
The 100% barrier is broken! Hope you all are trading well.
January 19th, 2006
Posted is the Weekly Summary from IBFX…the account dropped a little, but the month is still young.
I will be entering the manual trading contest as well for the month of February, so keep an eye out for me there too.
January 14th, 2006
I know I have offended some people that I am very close to in starting to manage accounts, and am deeply sorry for that. For those of you that are not familiar with myself or my company, I trade what I call the Helix system. Helix is a blend, a 75% discretionary mix, and 25% automated reactive system. The discretionary part is proprietary, and the system I came up with is a kind of cocktail of all the knowledge I’ve accumulated to this point.
The automated system was devised, coded, and traded by an elite group of traders focusing on automation. My blunder, if you will, is in not acknowledging the 25% that was automated, and trying to keep my corporation anonymous. The automated system was devised, coded, and traded by an elite group of traders focusing on automation. I always like to give credit where it is due, and failed to give enough praise in this case. Nonetheless, I’ve tried to give as much back to those that have helped me along the way as well. I’ve donated a large sum to the originator of the script, I’ve donated and will continue to donate a portion of my profits to a SIDS Organization, (one of the prominent traders had a daughter die of Sudden Infant Death Syndrome) and I’ve freely contributed my own ideas to the group. Although I was wrong in not citing this, the bulk of the accounts are still manually traded by a system I devised.
Again, I’m extremely sorry for acting in this ‘deceptive’ fashion, and I cannot thank the other traders and coders enough for helping me along this path. You know who you are.
January 12th, 2006
January's a great month for trading....just set Helix's historical record!!
E-mail us at contact@meridexgroup.com or use the link on the left if you are interested in managed accounts.
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On another topic...I promised some more education material. Today's topic: Psychology! (Oh no, again?)
I know I've talked about Psychology before, but I think its important enough to talk about again. Do you ever second-guess your trades? Do you think about closing trades early if it goes against you? Are you closing trades too quickly onces it gets into profit? These are only a couple scenarios where good trading psychology would help immensely. I believe EVERY trader should read Mark Douglas' "Trading in the Zone" at least once. Once you're in this "zone," trading is emotionless. Your goal is to trade well...a by-product of that is money. In this zone, nothing else matters but your trading plan. Use your plan to follow what the market dictates. January has been a great month trading-wise...what if a dry spell hits, and I make several losting trades in a row? Because I'm confident in my system...I know its only a matter of time before I get my next profitable trade.
Now some of you may say...what if I don't have a plan? Here's one up for size. Use an 8 and 200 EMA on a 4-hour chart and trade the crosses. Following these crosses and trail your stops...with good money management, you'll have a winner. Just take a look at a chart.
That's all for now folks! :)
January 11th, 2006
January 10th, 2006
I got the InterbankFX contest kinks worked out…I’m currently in 3rd place, with a 26.07% gain.
Here’s a screenshot:
Contact us for managed accounts using the link at the left, or e-mail us at contact@meridexgroup.com
January 10th, 2006
Well, the week is progressing very nicely. These are optimal conditions for the Helix system.
Current equity is up about 14% for the week…please note that these numbers are irregularly high for the Helix System. Average is about 6-7% per week, so this is an extraordinary week. (although the max gain per week is around 19%) As you can see, I was hedged in a little bit to keep my exposure down, so the total gains is around 13k, with a floating loss of around 6k. In total, an equity increase of 14%.
You should see this reflected in the InterbankFX contest results soon. Look out for MeridexGroup.com 
I’m still taking managed accounts over 50k. My performance fee is 50%, but is negotiable for clients over a 250k starting account.
You can email us at contact@meridexgroup.com or use the “Contact Us” link to the left
January 4th, 2006
Some new developments! I will start the new year off with a bang and hope to increase a 50k account to 1 Million. Everybody says such a high gain cannot be sustainable…well I’m here to disprove that notion. The system traded is named Helix, and you will find details below.
Starting after the new years I will be openining another live account with $50,000 USD. Below is a breakdown of my monthly targets.
Start $50,000.00
Jan ‘06: $65,000.00
Feb ‘06: $84,500.00
Mar ‘06:$109,850.00
Apr ‘06: $142,805.00
May ‘06: $185,646.50
Jun ‘06: $241,340.45
Jul ‘06:313,742.59
Aug ‘06 : $407,865.36
Sep ‘06: $530,224.97
Oct ‘06: $689,292.46
Nov ‘06: $896,080.20
Dec ‘06: $1,164,904.26
Here are some goals:
- 30% return per month
- <15% drawdown
- Turn 50k to 1 Mil in one year
I will update weekly or bi-monthly with account screenshots and little tidbits, so check back often.
Some background:
I have backtested, refined, and tradex my Helix system for over a year and a half. In that time, it has gone through many revisions of the core strategy, while still remaining true to its roots. The smallest monthly percent gain has been 7%, and the largest has been 58%. I feel that now is a good time as ever to put more capital into trading it, will go full out at the start of the new year. By this time next year, the account should be in the 7 figure range, if not more.
I have personally been trading for several years, playing with US stocks, mini-Dow, and the Nasdaq. Forex trading called to me, and I’ve never looked back.
Questions and comments are welcome
I wish you all the best in the new year.
December 31st, 2005
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