A quick update on Acorn and performance to date. In the first quarter of 2017 the system returned +20% (inclusive of trading costs), with a maximum draw-down of 7%, all positive months – At Smith Trading Group we have yet to complete any month, quarter or year as a negative.
At the time of writing April has been a fairly slow month, returning +2.5% with 7 trading days remaining. While some would argue this is frustrating, Acorn trades on good opportunity – not randomly opening / closing trades in the hope or false promise of profit. What does this mean? We sit tight, preserve our capital, keep costs to a minimum and strike to good effect when the right opportunity presents itself. If the system were not to trade for the remainder of April (I have high confidence it will) then we have still cleared another month in profit.
If you have a question, or anything else on your mind then feel free to get in contact!