The Sentiment Program is a technically-based, medium to long-term portfolio that employs two balanced components running simultaneously. These two components are designed to take advantage of different market conditions, thus complementing each other with the goal of reducing the overall volatility of strategy as a whole.

Asset Allocation

 Equity Curve (based on a theoretical $10,000 investment)

• Minimum Investment size: $5,000 (Inception Date 2006-11-01)
   
• Fees: 0.1667% of funds under management, 20% of net new profits monthly.
   
• Currency Pairs: AUDJPY, CHFJPY, EURAUD, EURCHF, EURGBP, EURJPY, EURUSD, GBPCHF, GBPJPY, GBPUSD, USDCAD, USDCHF, USDJPY

This is a medium-term program that employs two complementary systems simultaneously. The main system is based on DailyFX's Speculative Sentiment Index (SSI) which monitors traders positioning and open interest in currency pairs. Similar to the Commitment of Traders (COT) report published by the CFTC, the SSI gauges shifts in market momentum and trader sentiment. The system enters a trade when SSI indicates an above normal change in the general market sentiment, whether it indicates that traders have flipped direction from long to short or if there was a significant increase in the same direction.

The system performs well when the market breaks out of an established range or has begun trending. Similarly, the system will draw down during periods where the market is range bound. To minimize the effect of a ranging market the Sentiment Program employs a secondary system which trades pairs that are traditionally range bound by closely monitoring their support and resistance levels, and entering trades at the peaks and valleys, thereby minimizing the loss from range bound markets.
 

Performance results are based on the system employed by the account.

Past performance is not indicative of future results, as returns may vary according to market conditions. Trading in foreign exchange is speculative and may involve the loss of principal; therefore, assets placed under management should be risk capital funds that if lost will not significantly affect one's personal financial well being. This is not a solicitation to invest, and you should carefully consider the suitability of your financial situation for investment prior to making any investment or entering into any transaction.

Hypothetical performance results may have many inherent limitations, some of which are described in the risk warning. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.

One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. financial risk. Variables such as the ability to adhere to a particular trading program in spite of trading losses as well as maintaining adequate liquidity are material points which can adversely affect actual real trading results.