SFE Portfolio Weekly Result - 6th July 2020 to 10th July 2020
Total Portfolio Return
= Total Balance - (Total Deposit - Total Withdrawal)
= $141235.05 - ($159929.65 - $30069.04)
=
+$11374.44
Weekly Change
= This Week's Total Return - Last Week's Total Return
= $11374.44 - $13194.34
=
-$1819.90
Hi Guys,
This week my accounts ended with -$1.8K loss in total, mainly due to a Stock trade on the IC Markets account that lost -$2.4K in one trade.
We still have a few Stock trades open and hopefully they will make some profits for us.
On the Forex front, we have a lot of major news coming up next week:
I expect a lot of volatility next week, and therefore there is a good chance for our price action based EAs (SFE Price Action, SFE Attractor, SFE KISS, and to some extent SFE Breakout) to make nice profits next week.
If you have been watching my accounts for a while, I believe now is best time to join - we have been in stagnation for some time, and with the high impact new and expected volatility next week, I believe my accounts are very likely to reach the next new equity high soon.
Also, I have now listed both my Signal and MAM accounts on Social Trader Tools:
Smart Forex Expert Signal (100% Risk):
https://my.socialtradertools.com/view/940a5de917afa61b24e9b4e407ba998d
Smart Forex Expert MAM (30% Risk):
https://my.socialtradertools.com/view/c0c02013a92b48e25d34e54d7edafa41
Some people have been asking me about when the MAM will be open to the public, and the answer is at least a few months - until we have enough track record to demonstrate its long term safety and performance in order to get the AFSL licence to accept clients. However, even when we can start accepting clients, we will only be able to accept Wholesale clients (ie. Net assets >A$2.5 million, or annual income >A$250,000). So if you don't meet the Wholesale client criteria, the only way to access the MAM account will be through Social Trader Tools - which will charge 30% performance fee for copying the trades, with a small monthly fee of $20 for using their platform.
The benefit with the Social Trader Tools platform is that everything will be automated on the website and you won't even need to run a VPS to copy the trades - so this can be a potential saving for those who don't need a VPS to run MT4/5 terminals for other EAs.
That's it guys. Best of luck for next week!