Counter trend strategy that is entered manually by our Trader. Returns around 3 -4% pm with adjusted risk reduction settings compared the Original Progressive including the following: 

 

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News Filter added

( All our systems now have a news filter)

We will combine our automated news filter with manual monitoring so we don't miss possible low risk trading opportunities.  

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Only one pair traded at a time

To reduce possible drawdown only 1 pair will be traded. Although this will impact profitability it will reduce drawdown considerably, and help to ensure stable long term results.

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Reduced position size

We reduced the position sizing in relation to the account balance by 60% to further reduce drawdown and enhance safety.

 

Reduced Safety stop 

With a all the above factored in we were able to reduce the safety stop level.

To put current safety stop in perspective: We had an extreme news event ( Fed rate hike announcement) in June 2021. The dollar moved 250 pips in one direction in 12 hours.

If all these measures (above ) was in place on the Original Progressive account, our drawdown would limited to 7% and we would have exited with a profit. 

Therefor it can be assumed that it is unlikely that our safety stop at 20% will be reached.

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Why all these improvements will help us avoid us reaching our safety stop: 

- With the news filter we will be entering the market at a later stage ( after extreme volatility) and so the chance of a pullback is much higher.

- With only 1 pair, and a 60% reduced position size, we have created 'more space for market movement against our position' lowering our drawdown.   

- We manage manually, so our Trader will close at breakeven or a small loss if the situation requires it.

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We don't have a long history of the Low risk Progressive yet, but given that ' The Original Progressive' had an impressive record for 18 months before June 2021 ( trading 10 pairs, 100% position size, without a news filter), it is realistic to expect a 'safer version'  to do really well in the well long term.  

 

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