Jazz Live debuts

The Jazz team at market edge has put their trading algo online for the first time.

monitor the performance here. Will be updating the thread as soon as membership opens.

MYFXBOOK http://www.myfxbook.com/members/mark...zz-live/973479


The Trading Algo which is one of the most sophisticated fx trading systems in the world runs on the following three mini systems:
1. Northern lights diffusion index: A trading algo based which can be considered an "Advanced Warning Trading System (AWTS)" to trend reversal, trend developement and trend consolidation. This is the heart and soul of Jazz. It works by popping up alerts to the trading system be on the lookout for a change in prevailing dynamics and hence take preventive actions like reducing risk or raising risk on positions in the portfolio. In fact no forex pair will ever develope a new trend without AWTS catching it much before. However AWTS being a warning system can sound many false alarms as well which is fine as it only means we remain alert.

2. Fx Orderboard: Accurate orderbook information is sought by our "ears" on the trading floor on 5 major banks in London. Majority of insti volumes and corporate volumes are routed through them

3. Fx vol meter: This measure level of activity in market. It keeps the trading system out of the market when volume are low and major treasury desks are on holiday. You only want to be trading when there is real activity rather than market manipulation by dealers and brokers.

This is unlike anything you have seen here or anywhere else on the internet for retail traders.

Continue to monitor the myfxbook.

Thanks and Best.

Currently the system is in hyper volatility which picked up yesterday as EUR, GBP in high volatility zone while YEN is picking up volatility. On the AWTS, yen is signalling a mild reversal and therefore yen now comes on the radar for a trade.

current trades:
EURJPY short
EURUSD short
AUDCHF long


New trades which may be opened are GBPJPY as GBP getting warned on AWTS which is surprising given the good data on jobs. Could be a case of sell the news theory. But who cares....just play the market and sing along the trend rather than analyse.

Significant trend reversal indicator flagged on USDJPY, EURJPY.

Existing trades:
EURAUD
EURCAD
USDCAD
EURJPY.

http://www.myfxbook.com/members/mark...zz-live/973479

Current performance of the system stands at:
14.7% for July alone on a capital of $50,000.

commissions at $992.
http://widgets.myfxbook.com/widgets/973479/small.jpg

Closed EURCAD for 0.6% gain.
Opened USDCAD and GBPCAD.

CAD showing major trend flash on strength meter and also on AWTS (Early warning system)

http://www.myfxbook.com/members/mark...zz-live/973479

Really interesteng results!

So how works your subscritions scheme?
what does your suscribers receive? trading signals, a manual trading system or a automatic trading system (EA)?

About your myfxbook statement, it seems really great, but, please, can you verifie this myfxbook account? now Track Record and Trading Privileges are not verified and this is not good.

Thanks...

I will do that. We dont have subscribers of retail yet and we are still wondering how to do it. Our clients are mostly wealth managers who turn use the trades for their clients. We dont have any direct retail subs yet. myfxbook is just a way to tell retail that this is what you can expect if we do manage to open this for subscrption.

The terms we offer our clients are:
- DD limit of 25%
- Expected returns a month 5-8%
- Expected success in month terms is 80% which means 10 out of 12 months of a year are expected be profitable
- Trading commission will be on the higher side given the larger lot sizes so find a broker who charge less on commission
- No trade will have risk more than 2%.
- Trades are kept for a duration of max 48 hrs and for average 12 hrs.
- Fundamentals dont matter to us
- We completely rely on our 3 systems:
- AWTS
- Orderboard
- Vols meter

Interesting...
So if your Expected returns a month is 5-8%, how did you get in your myfxbook account more than 16% of profit in only 2 days?
did you use in this myfxbook account a much more riskly version of your system?

We are primarily a equities special situation fund called WhiteHall via Cyprus investing into US but we have a small book for forex. So the idea to share these trades is merily to see if retail traders like forex trading the way we do......Our understanding is that retail traders are mostly driven by suggestions from brokers and other small time advisors. So there may not be place for us....but if we do see retail liking the way we trade...we can think of finding a way to share these trades live. Maybe via some brokers or managed accounts.

Currently closed EURJPY at 137.53 given eur and chf and yen just starting to square up a bit on AWTS. A bit of an early warning but EURJPY can move big time down. We are just taking out the trade now given the warning. We can reenter if tmrw if AWTS raises it for us.

This is how the Jazz System works.

I think I mentioned we had revved up the lot sizes to just show that the Jazz can easily do well even with higher margin being utilised. In future we will bring down that size dramatically but that also means DD risk also goes down dramatically.

For now the best thing is to simply follow the trades on myfxbook and manually copy them.
I will try to put the trades here when I can.
Currently open trade is a short on GBPJPY with a stop at 174.5 and an initial tp at 173.5
- More trades on USDJPY could be opened if 101.6 gives way.

We dont have any biases long or short as we only reply AWTS.

GBPCAD short at 1.8410 target 1.8350

GBPJPY closed and EURAUD opened

New trades taken:
Short USDJPY (101.6), AUDCAD (1.006), GBPJPY (174.2)

performance of Jazz system hits 17% return for July.

http://www.myfxbook.com/members/mark...zz-live/973479

Existing Trades:
AUDJPY SHORT at 95
audusd short 9377
GBPAUD LONG
EURJPY shorts 137.4 onwards
USDJPY shorts from yesterday at 101.67 stands for eventual squeeze targets much below 101

GBPJPY closed today.

Open profits cross 20% return for July.

All this com es at a low Drawdown of 4%.

Try beating that for a performance

More trades closed

PERFORMANCE CROSSES 20% WITH A DD OF UNDER 4%

Match that

That is the benchmark for other signal providers here.

Jazz is a beast when it comes to making returns from forex.

http://www.myfxbook.com/members/mark...zz-live/973479

New trades opened:
AUDJPY Short
AUDUSD remains as it is
EURJPY, GBPJPY opened at 137.06 and 173.3

http://www.myfxbook.com/members/mark...zz-live/973479

Performance crosses 20% for July with Drawdown under 10%.