Potential Forex Profits

As you know, Echo FX strives for quarterly profits rather than monthly profits. The reason for this is that the Forex market is always changing - It is impossible to predict when such changes will happen and no two days are the same. By setting quarterly profit goals rather than monthly we are able to more realistically adjust to such changes.

Trading Holidays

On Thursday of this week we will be celebrating Thanksgiving here in the U.S. and on days such as that we do not trade. Also, because of the short week, we will not be holding a webinar. If you have requested a webinar invitation, information will be sent to you on Monday of next week.

This guy predicted the Financial Mess

This gentleman, long before almost anyone else, accurately predicted the situation we see playing out in the world economy. Check this out - fascinating.

Some Interesting News

In a time when it seems all economic news is bad, here is some interesting news. The U.S. cost-of-living fell 1% last month, the most in history. However, it is important to remember that news announcements, this one included, don't heavily affect our trading or our system's probability of success/failure.

A Note about Drawdown

When passing through a string of losing trades, it is always good to remember that drawdown is a common occurrence in Forex. It is the reason that Forex is a higher risk investment than many others. No two days in Forex are the same and no system is consistent on a daily or even weekly basis. The reason we share our maximum drawdown target is to remind you of that fact. Your Forex account is your Forex account and you can do with it what you will. At anytime you can withdraw your funds or have trading stopped. However, as many of you know, strings of losing trades are often followed by series of winning trades.

The important thing to know when passing through down periods is that we are disciplined traders. We are not emotionally affected by losing trades just as we are not affected by winning trades. We continue commit to you that we will trade the plan so long as we believe that it is a viable plan and are confident trading that plan with our own money.

Forex Managed Account Webinar

We are having another Forex Managed Account information webinar tomorrow, Thursday, November 13th at 4:00pm Mountain Standard Time (6:00pm EST). If you would like to join, request an invitation by visiting the Echo FX Website.

Japanese Candlesticks

As many of you know, we use Candlestick patterns for determining our exit points on our Mid-Range Trend Finder. I came across a great resource if you are interested in learning about Japanese Candlesticks, their origin, and some great uses for them.

Forex Articles

At our Echo FX Forex Managed Account home page we have included a link to the free Forex education articles we have written. If you would like to learn how to trade Forex these articles provide a good source of information.

"Increased Stability"

Some good news for world markets. The credit freeze that has crippled the financial markets over the last few months appears to be thawing. The Bank of England and the European Central Bank are expected to cut their key rate an additional 50 basis points this week which should further help solve the problem. A stabilization of these markets does not necessarily help or hurt our currency trading systems but does help all of us in our own personal financial situations.

U.S. Fed Cuts Key Rate to 1%

The U.S. Federal Reserve cut it's benchmark rate today sending the markets into a frenzy. This now puts the U.S. rate at 1%, just 1/2 percent less than Japan's 0.5%. It will be interesting to watch and see if this slows down the bullish Dollar trend we have been seeing since July of this year. This move comes after news this week that U.S. consumer confidence is at a historic low and the economy slowed down the most since the 2001 recession.

Webinar Scheduled for Monday

A new client webinar is scheduled to be held on Monday at 4:00pm. If you would like to attend please visit the Echo FX Managed Account Program webinar invite page.

Updated Backtest Performance Summary

I have been working hard to finalize a six month backtest performance summary for each of the three Trade Programs. Here are the backtest results from March 15 - September 15, 2008.

Medium Risk
Medium-High Risk
High Risk

How to learn Forex - Academy of Forex

After an enormous amount of time and effort, we proudly present the education arm of Echo FX - The Academy of Forex (www.academyofforex.com). The Academy was started to give our clients the opportunity to learn how to trade Forex and trade on their own if they so desire. We currently are running three separate courses including 'Forex 101 - The Forex Beginner', 'Forex Trading System Essentials', and 'Automated Forex Trading'. We hope you will all find the service useful and worthwhile.

Managed Forex Account Webinar

Our webinar for Tuesday has filled up. We are sorry to those who had hoped to participate. We will however be holding a second webinar this week - Thursday, October 16th, 2008 at 8:00pm MST - If you would like to join just fill out the invitation request here.

Managed Forex Account Webinar on Tuesday

Echo FX will be holding a Managed Forex Account information webinar Tuesday, October 14th, 2008 at 4:00PM MST (6:00PM EST). You will need an invitation and weblink to join. To participate, fill out the request form(click here) and the necessary instructions will be emailed to you prior to the meeting start time.

Echo FX Forex Articles

As many of you know, we currently publish Forex training articles online. We provide a copy of the articles prior to submission on our website. You can find the articles here.

How the Financial Mess affects our Trading

Many are asking for an analysis into how the current financial mess affects our trading strategies. Here is a breakdown:

- The Frankfurt is slightly affected by this market in that the strategy has concrete entry parameters based on volatility. If there is too much movement the system does not take an entry that day. Volatility over the last month has been at historic levels and because of that there have been more days than usual that were not traded. This affects overall performance of the strategy and increases the risk on those days that we do take a trade.

- The Mid-Range Trend Finder is not really affected by market turmoil. The strategy uses longer time frames where drastic short term movements do not heavily influence the signals. This strategy is by far the safest of our three. If economic conditions worsen and we decide to stop trading The Frankfurt and our Range based system (see below) we WILL continue to trade this strategy.

Credit Crisis Deepens

The credit crisis is deepening as it is becoming clear the economic problems are not confined to the U.S. The news drastically affected prices over the weekend and continues to do so even before the open of the European markets today. For example, since the Asian markets opened, the AUD/JPY has dropped 450 pips. To put that into perspective, only a hand full of weeks all year have seen 450 pips worth of drop or climb from the AUD/JPY and we have seen that in a matter of hours. The case is similar with many other pairs which more than likely means we are in for an amazing day.

Market Update

The U.S. equity markets regained some of their losses from yesterday's record day on speculation an alternative "rescue plan" (bailout) may pass. With so much focus on the markets and banks failing at a faster rate then ever, the currency market has been volatile and unpredictable. Our system continues to hold up reasonably well considering the circumstances.

Continued Market Uncertainty

It appears that the political leaders in the U.S. have settled on a $700 billion bailout package. This should translate into a short term strengthening of the Dollar. However, how rapidly this will happen is unknown. We also do not yet know how Non-Farm payroll this Friday will affect volatility in the market. The Forex market continues to react violently to the historic changes in U.S. economic policy and world economic policy. Everyday through the last month and a half has seemed to bring with it a new surprise that has the effect of sending certain currencies trending strong in one direction.

We decided to trade today but with an added degree of caution. As you know, we continue to trade live $100,000 of our partners funds but all other client funds are waiting on the sideline. We continue to wait until the markets calm down sufficiently to get back to 100% live.

Today - A quick glance

It isn't expected to be an especially volatile day today. We have one major economic report coming out today - U.S. Existing Home Sales at 10:00am EST. The market has pretty well priced in a bad number so the risk really is that a stronger than expected number comes out. However if that were to happen it would strengthen the dollar and help with some of the drawdown trades we are in. Other than watching to see what happens with that report we expect it to be a quiet day (at least we hope).

Return to a range

The market returned to a range and gave our system the ideal conditions it needed to pull out of the drawdown. The Alpari account(one month and one week) is back up 42% in closed balance and 9.4% in equity. The Varengold account(two weeks) is back up 19.7% in closed balance and 4.5% in equity.

Weekly Informational Webinar

We have started holding weekly webinars. These webinars give the potential client an opportunity to meet the Echo FX team, learn more about Managed Forex and the Echo FX Program, and ask questions that they may have. If you would like to participate in our next weekly webinar click here.

The Echo FX Website

We are excited to have our front door Echo FX website up and running. You can visit it by going to www.echocurrency.com. However, the Echo FX Client Blog will still continue to be the main source of information about the Echo FX Managed Forex Account program.

Opening your Forex Brokerage Account

The following broker(s) have been approved for trading. Click the link below to start the online application process.

1. MIG FX (Medium and Medium-High Risk Programs Only)

Steps to trading your money live

1) Watch the Managed Account Intro and Trading System Overview Video.
2) Review the Backtest Performance.
3) Choose the Trading Program right for you.
4) Download, carefully read, understand, and sign the 'Echo FX Risk Disclosure and Managed Account Agreement'. Email a signed copy to your Echo FX representative.
5) Open an account at MIGFX.
6) Fund your Forex account with the minimum required by your chosen Trading Program.
7) Notify your Echo FX representative once you receive confirmation from MIGFX that your account is setup, funded, and approved to be traded.

*For additional questions contact your Echo FX representative or email us at info@echocurrency.com

Quick Links:
i) MIGFX Online Account Application
ii) Echo FX Risk Disclosure and Managed Account Agreement
iii) Account Setup Walk-Through Guide

Backtest Performance

Echo FX Medium Risk System - Uses two unique trading strategies focused on limiting drawdown. Through disciplined and market sensitive guidelines the system strives to obtain consistent quarterly results. The system is a combination semi-auto trade strategy and a 100% manual execution strategy. Both strategies follow strict entry and exit rules and are monitored 24 hours a day by our trading team.

Echo FX Medium-High Risk System - Uses the same two unique trading strategies as in the Medium Risk System but with higher risk/trade parameters. As with the Medium Risk System, this system is a combination semi-auto trade strategy and a 100% manual execution strategy. Both strategies follow strict entry and exit rules and are monitored 24 hours a day by our trading team.

Echo FX High Risk System - Combines the two strategies in our Medium Risk System with a third, range based, strategy. This third strategy is extradinarily effective but requires much more account principal to not over-extend the account. The system takes thousands of small trades per month across multiple time frames and over 12-18 currency pairs. By doing this the system seeks to diversify it's positions and maximize it's profits.

High Risk System Backtest Performance

Frankfurt Strategy Data - March 15 - September 15, 2008
- EUR/USD
- GBP/USD

Mid-Range Trend Finder - March 15 - September 15, 2008
- 18 pairs

Results Summary
-Download full summary here

To learn more, JOIN US at our next weekly informational webinar

Medium-High Risk System Backtest Performance

Frankfurt Strategy Data - March 15 - September 15, 2008
- EUR/USD
- GBP/USD

Mid-Range Trend Finder - March 15 - September 15, 2008
- 18 pairs

Results Summary
-Download full summary here

To learn more, JOIN US at our next weekly informational webinar

Medium Risk System Backtest Performance

Frankfurt Strategy Data - March 15 - September 15, 2008
- EUR/USD
- GBP/USD

Mid-Range Trend Finder - March 15 - September 15, 2008
- 18 pairs

Results Summary
-Download full summary here

To learn more, JOIN US at our next weekly informational webinar

How the Echo FX Managed Forex Account works

Forex (Foreign Exchange) is the name given to the "direct access" trading of foreign currencies. With an average daily volume of over $3 trillion, Forex far exceeds the $30 billion daily turnover on the New York Stock Exchange and is 46 times larger than all of the futures markets combined. For these reasons, Forex is the world’s largest and most liquid market. The main benefit of this alternative investment class is the ability to profit from rising and falling markets and the ability to diversify from traditional investments like equities, real estate or fixed income, which tend to be cyclical in nature.

It is often the case that a well managed Forex account will far exceed the quarterly returns gained from other asset classes. However, trading the Forex market is not an easy proposition. Many Forex investors do not have the time, experience or discipline to trade the Forex market themselves and most of those that try end up losing their initial investment. Understanding the complexities of why different currency pairs move, being able to follow market movement 24 hours a day, and having the self-discipline to stick to a trading strategy is essential to successful trading. The Echo FX Managed Forex Account Program has been created for investors with risk capital who do not necessarily have the know-how or time to trade the Forex market on their own but want the opportunity to participate in the Forex market.

1) The client opens a Forex account at an Echo FX approved, fully regulated and reputable Forex brokerage firm. This Forex brokerage account is owned and controlled 100% by the client. All client funds deposited into that account are held by the Forex brokerage where the account was established. Again, Echo FX has absolutely no access to withdraw from or deposit funds to the account.

2) The client authorizes Echo FX via a Limited Power of Attorney to execute trades on behalf of the client using the brokerage firms trading platform. The Forex broker approves the Limited Power of Attorney .This Limited Power of Attorney can be revoked at anytime and trading stopped immediately.

3) The client authorizes the Forex brokerage firm to pay a percentage (performance fee of 40%) of new profits on client's account to Echo FX at the end of each month. New profits are profits made above the previous high watermark of the account. Echo FX does not charge any other fee to the client other than the performance fee.

4) Client is given complete access to view and monitor trade activity on his/her account. This includes seeing every trade the system takes and viewing the account's current balance and equity.

5) It is the clients responsibilty to determine his/her own risk appetite and what he/she considers "max drawdown". If at anytime, drawdown on the account has exceeded the clients max threshold it is the clients right to cancel all trading on the account.

6) Client may withdraw profits at anytime. Echo FX does however recommend that the client give notice before withdrawing an amount in excess of 25% of the balance of the account to avoid the potential for there being insufficient margin available to the account.

To learn more, JOIN US at our next weekly informational webinar

What is a "Trading System"?

Every once in a while you may check your trade log to see what trades were made on your account. You may ask yourself, why and how the decision to take that trade was made. Allow me to give you a little insight into the process behind every trade.

First, I would encourage you to read Investopedia's definition of a trading system.

Every trade our system signals has a reason for entry and a strategy to get out. Whether the trade made money or lost, whether the trade lasted 24 hours or 24 seconds, every trade is taken with a purpose in mind and is based off of precise entry signals. Every trade taken has a set stop-loss (absolute risk) and take-profit (profit goal). The trader's sole responsibility is to see that the system's rules are carried out precisely as called for in the plan. And thus, with confidence, we can "Plan the Trade and Trade the Plan" without emotion or fear. No system wins everyday. No system can guarantee consistent daily returns through all market conditions. The famous "Turtles' " system lost more often than it won but still managed to make over 80% per year.

Drawdown. The bad word in Forex. For those unfamiliar with typical Forex drawdown I would invite you to Google "Typical Forex Drawdown" to get a feel for what other Forex systems are experiencing. You will see anywhere from 5% - 65% all depending on the potential return. Obviously a system that only experiences drawdown of 5-10% will not make more than a couple percent per month while a system that risks 50+ percent will have the potential for equal monthly gains. In creating our system we looked to be somewhere in the middle between high Forex returns and high Forex risk. Keep in mind that compared to many investments any Forex risk is a high-risk.

WHY USE AN AUTOTRADER? We use an autotrader for the same reason every commercial plane these days uses auto pilot, because humans are prone to make errors in the heat of the moment. Trading is a highly stressful endeavor. Every trade involves complex formulas for determining when to enter, what position size to enter with, and how to exit the market. Without the computer we could not execute the system rules exactly according to plan. However, as with commercial flight, our pilot (the Echo FX Trading Team) is always at the wheeling monitoring the auto trader, watching the market, studying the fundamental news and making adjustments to the strategies as is necessary.


No Trade Days. You will see that often one or all of the Strategies' rules signal a no trade for that day. This is normal. We have calculated when a day is a much higher risk for loss. In some cases, we take half risk that day, in other cases we don't trade. For instance, we often avoid trading bank holidays or when the end of the month falls on a Monday or Friday. We tend to not trade (unless market conditions warrant it) around the time major news is coming out, and we never trade the non-farm payroll report (typically the first Friday of each month).

Emotion Free Trading/Investing

Emotion Free Forex Trading. Forex trading can be VERY stressful for both the trader and the investor. Our system is designed to take all of the emotion out of the trade. Every possible trade scenario has a rule attached that indicates to the trader what to do. My job as lead trader is 1) analyze the market prior to the open to determine if any fundamental factors require placing the system on hold that day and 2) to analyze the effectiveness of the system and strategies making changes when/where necessary. These changes however are NOT made on a daily basis since not every trade will win and no system will win every day. These changes are typically made monthly.

Emotion Free Forex Investing. Is there such a thing? I doubt it. But there are ways to reduce the daily stress of Forex investing. First, NEVER invest money you can't afford to lose. I can't even imagine the stress and emotion that would go along with that. Second, only check your account weekly. I know this sounds easier than it is, but you will find that Forex is a 6 steps forward 5 steps back process. If you are checking it daily you will be on such an emotional roller coaster that you won't be able to happily live your life. You will find that on winning days I am your favorite person and on losing ones your least favorite. But you shouldn't have to go through that kind of emotional daily ride. Third, knowledge is power. Learn everything you can about Forex. Understand the risk, the reward, and the fundamental reasons why currencies do what they do. If you get so good that you decide to pull your money and trade on your own, I welcome you to do it. If not, I am happy to continue to trade your funds. Just learn so that you know what your investment is (Here is a good place to start).

Three Unique Trading Options - Select Your Risk

When our group first began to trade Forex it was not initially with the intention of trading other individuals' funds. Our goal all along was to take a portion of our own portfolio and endeavor to make high returns on it through a high-risk investment (Forex). And with that goal in mind, in late 2006 we set to work on building a trading system that would meet that goal. The trading strategies we use have been designed and programmed by our group. They are tailored to OUR trading personality and risk comfort levels. However, from the beginning we have understood that our risk appetite, investment goals, and financial personalities are not necessarily the same as other investors and that quite frankly "no two investors" are the same. And so, with that in mind, we have taken our system and adjusted it to allow three distinct risk options for the Forex investor (Medium Risk, Medium-High Risk, and High Risk).

Echo FX Medium Risk System - Uses two unique trading strategies focused on limiting drawdown. Through disciplined and market sensitive guidelines the system strives to obtain consistent quarterly results. The system is a combination semi-auto trade strategy and a 100% manual execution strategy. Both strategies follow strict entry and exit rules and are monitored 24 hours a day by our trading team. Target Max Drawdown - 15%

Echo FX Medium-High Risk System - Uses the same two unique trading strategies as in the Medium Risk System but with higher risk/trade parameters. As with the Medium Risk System, this system is a combination semi-auto trade strategy and a 100% manual execution strategy. Both strategies follow strict entry and exit rules and are monitored 24 hours a day by our trading team. Target Max Drawdown - 25%

Echo FX High Risk System - Combines the two strategies in our Medium Risk System with a third, range based, strategy. This third strategy is extradinarily effective but requires much more account principal to not over-extend the account. The system takes thousands of small trades per month across multiple time frames and over 12-18 currency pairs. By doing this the system seeks to diversify it's positions and maximize it's profits. Target Max Drawdown - (40%).

Past/Hypothetical Performance Notice

Please keep these two alerts in mind when considering the past performance, either hypothetical or real posted here.

PAST PERFORMANCE
Past performance is not indicative of future results, as returns may vary according to market conditions.

The trading systems herein described have been developed for sophisticated traders who fully understand the nature and the scope of the risks that are associated with forex trading. Should you decide to trade any or all of these systems' signals, it is your decision.

No representation is being made that following a system's suggested signals will necessarily lead to profit. Investors may incur into a series of consecutive losses and substantial equity-draw-downs that can deplete their assets before the occurrence of any meaningful profit accumulation.

Please take note that all the figures shown herein (unless otherwise noted) represent a computer back-test of trading systems-logic and NOT an actual trading record.

HYPOTHETICAL PERFORMANCE
Hypothetical performance results have many inherent limitations. 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 particularly 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. 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. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to markets in general or to the implementation of any specific trading program that cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.

Risk Disclosure

Let me first ask that you do not take this lightly. Many of the government required "disclosures" seem so boilerplate and unimportant. There is however in FOREX real risk. This is a high-leverage investment. Potential for huge returns as well as potential for large losses. We may lose 10 trades in a row before we get back to winning. You should fully understand the risk and the emotions that are involved.

Risk Warning! Trading foreign exchange includes the use of margin and carries with it a high Initial level of risk which may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose nor should you ever invest borrowed funds. You should be aware of all the risks associated with foreign exchange trading, and seek advice from independent financial, tax and legal advisors if you have any doubts.

CTFC Rule 4.41 - Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under- or over- compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

U.S. Government Required Disclosure: Commodity Futures Trading Commission, Forex, Initial Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the foreign currency markets. Don't trade with money you cant afford to lose. This is not a solicitation nor an offer to Buy/Sell futures or options. WE DO NOT TRADE FUTURES OR OPTIONS. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed. The past performance of any trading system or methodology is not necessarily indicative of future results.

Agreement - The information contained in this site has been compiled in good faith, and in using it, the user agrees that the author and any other entities associated with this site shall not be liable for any direct, indirect, consequential loss arising from this usage, or the use of information and material on the Internet via web links from this site including, but not limited to errors, omissions, defects, interruptions, delays in operation, or transmission, computer viruses, or line failure, to the maximum extent permitted by law.

Echo FX High Risk System

The Echo FX High Risk Trading System uses the same two unique trading strategies as used in the medium and medium-high risk system but with higher risk per trade parameters. As with the other systems, this system is a combination semi-auto trade strategy and a 100% manual execution strategy. Both strategies have strict entry and exit rules and are monitored 24 hours a day by our trading team.

Target Quarterly Profit : 32%

Target Maximum (Floating) Drawdown: 40%

Account Sizes: $45,000 - $400,000

Performance Fee - 35%

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The Frankfurt Strategy

1. Trades GBP/USD and EUR/USD

2. Combination auto trading strategy with human signal confirmation

3. Executes about 10 trades per day

4. Averages 0.05% risk per trade

5. Does not get entry signals everyday

6. All trades closed before the end of each day

7. Target Quarterly Profit of 15.33%

8. Target Maximum Drawdown of 20%

Mid-Range Trend Finder

1. Trades 18 currency pairs using the EUR, USD, GBP, CHF, AUD, JPY, and CAD

2. No auto trading used but strategy is traded by trading team using strict entry and exit guidelines

3. Executes about 5-7 trades per week

4. Averages 2% risk per trade

5. Trades may be open anywhere from a few hours to a week

6. Target Quarterly Profit of 16.67%

7. Target Maximum Drawdown of 20%

To learn more, JOIN US at our next weekly informational webinar

Echo FX Medium-High Risk System

The Echo FX Medium-High Risk Trading System uses the same two unique trading strategies as used in our standard medium risk system but with higher risk per trade parameters. As with the medium risk system, this system is a combination semi-auto trade strategy and a 100% manual execution strategy. Both strategies have strict entry and exit rules and are monitored 24 hours a day by our trading team.

Target Quarterly Profit : 20%

Target Maximum Drawdown: 25%

Account Sizes: $35,000 - $400,000

Performance Fee - 40%

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The Frankfurt Strategy

1. Trades GBP/USD and EUR/USD

2. Combination auto trading strategy with human signal confirmation

3. Executes about 10 trades per day

4. Averages 0.033% risk per trade

5. Does not get entry signals everyday

6. All trades closed before the end of each day

7. Target Quarterly Profit of 10%

8. Target Maximum Drawdown of 13%

Mid-Range Trend Finder

1. Trades 18 currency pairs using the EUR, USD, GBP, CHF, AUD, JPY, and CAD

2. No auto trading used but strategy is traded by trading team using strict entry and exit guidelines

3. Executes about 5-7 trades per week

4. Averages 1.25% risk per trade

5. Trades may be open anywhere from a few hours to a week

6. Target Quarterly Profit of 10%

7. Target Maximum Drawdown of 12%

To learn more, JOIN US at our next weekly informational webinar

Echo FX Medium Risk System

The Echo FX Medium Risk Trading System uses two unique trading strategies focused on limiting drawdown. Through disciplined and market sensitive trading guidelines the system strives to obtain consistent quarterly results. The system is a combination semi-auto trade strategy and a 100% manual execution strategy. Both strategies have strict entry and exit rules and are monitored 24 hours a day by our trading team.

Target Quarterly Profit : 12%

Target Maximum Drawdown: 15%

Account Sizes: $25,000 - $400,000

Performance Fee - 50%

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The Frankfurt Strategy

1. Trades GBP/USD and EUR/USD

2. Combination auto trading strategy with human signal confirmation

3. Executes about 10 trades per day

4. Averages 0.02% risk per trade

5. Does not get entry signals everyday

6. All trades closed before the end of each day

7. Target Quarterly Profit of 6%

8. Target Maximum Drawdown of 7.5%

Mid-Range Trend Finder

1. Trades 18 currency pairs using the EUR, USD, GBP, CHF, AUD, JPY, and CAD

2. No auto trading used but strategy is traded by trading team using strict entry and exit guidelines

3. Executes about 5-7 trades per week

4. Averages 0.75% risk per trade

5. Trades may be open anywhere from a few hours to a week

6. Target Quarterly Profit of 6%

7. Target Maximum Drawdown of 7.5%

To learn more, JOIN US at our next weekly informational webinar

Welcome the Echo Fx Blog

Let me be the first to welcome you to the Echo FX Blog. This is an effort to educate our clients and potential clients on our trading strategies, share the fundamental and technical data we are working off of, give added insight into the why behind our trades, and to provide a forum where we can log each and every trade we make. So welcome and enjoy.