Monday, August 18, 2008

POINTBREAK-5 PERFORMANCE UPDATE AND NEXT DEVELOPMENT

This August 2008 update issue:
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1. POINTBREAK-5 TRADING PERFORMANCE
2. NEW PRICE ADJUSTMENT.
3. NEXT DEVELOPMENT IN FOREX HOPE: POINTBREAK-6
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I had some questions after the end of Euro sideways period in1.5300 - 1.5600 in this month that I wanted to address.

FIRST, I appreciate the responses received thus far. They have all been positive for PointBreak-5 performance. Although I have received some negative emails about the drawdown side of PointBreak-5. I think to justify the importance of understanding what we are doing. There were some questions... and I would encourage anyone who has aquestion, to send it in. I may not answer personally, but I will try to include the answers in the updates.

I still preparing my next project: PointBreak-6 and I will have put together that better explains not only what we are doing, but my research in including some variations of several closing techniques (averaging, pyramiding, lots progressive, etc) into what we are doing.

I strongly suggest you take a look at the link I will sendyou next week to better understand everything going on. The information focused on our new development is very interesting!

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POINTBREAK-5 PERFORMANCE
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SECOND, the performance of PointBreak-5 still continue show aconsistent results:
I know some of you stopped your PointBreak EA when Euro in choppyarea (1.5300-1.5600) from March - August 2008 and the drawdown become growing everyday, then watched Euro drop into 1.5000 and close all drawdown with PROFITS, and continuous making another profits everyday.... yes, it's dissapointed... :(

That's why I can't stress enough the most importance of using smaller Risk setting, so you can sleep well and wait patiently until PointBreak-5 solve all kind of market condition. Despite our consistent profits on PointBreak-5, I realized one of the downside using PorintBreak-5 is you need to have suffucient capital to sustain the drawdown until PointBreak-5 solve the drawdown problem. You need to have patient when Euro still in choppy area. For those who do not have stomach for large drawdown on your account, I always suggest to run PointBreak5 in Risk=1 or 2 only.

1. Our Very Conservative (Risk Setting = 1) has been producing 30% in 8 months since we start our forward account (Acct#.1745192) for everyone to follow (on Dec 2008).

If your have not follow it yet, you can login into the account andcheck everything is correct.

The account#1745192 has grown from $25,000 to $32,800 and stillgrowing....:)

For complete our PB5 trading report, please take a look at:
http://www.forexhope.com/pb5-trading_report.htm

2. Our Very Agressive has been producing more then 200% in 10months (since October 2008 we started online business last year).

For our Very Aggressive performance, please take a look at:
http://www.forexhope.com/pb5-performance.htm

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NEW DEVELOPMENT: POINTBREAK-6
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In the next 2 weeks I will I release my research on PointBreak-6. The information focused on our new development is very encoraging.

Using several new techniques, our PointBreak EA will have smaller drawdown and close the drawdown faster than before. I strongly suggest you take a look at the link I will send you next week to better understand everything going on. In PointBreak-6, I began to explore the possibility of using inverted trades and progressive trading strategy exclusively in cycles due to the frequency of going into significant open position drawdowns with the PointBreak strategy.

In those strategies, drawdowns are simply a necessary evil in order to put the long-term probabilities in our favor. The long story made short is that we hope to see the fruits of these efforts increase our probability and consistency of success. The idea is to keep the profit potential constant even when the drawdowns are not at the extreme levels. Investigating and analyzing different ways of using inverted cycles has been a very long and thorough process.

I will be revealing themajor points of this journey in this Report along with providing my live account reports.

We should definitely see some new updates over the next months. The question is how fast our next PointBreak version can solve thebefore we start to see that benefit. I will do everything to keep the drawdown size within the range of the development news that I will send in following weeks.