Hi
My self, my father and son are trading the Trader Of the Year contest sponsored by FXStreet and Nordmarkets. We actually managed a hedge fund and joined the contest for a little fun - all three are trading with different styles. So far Yakov is doing the best and is currently in 17th place with a return of just over 100% - he is using a novel system that we have been looking at for a while that works from a point of view that he calls elasticity - meaning that the pair rates in forex generally are revisited meaning that most entries will eventually produce profits or breakeven. Essentially what he does is takes two pairs that are negatively corrolated and trades the spread between them and adds to the stronger position of the two and takes profit often when the tide turns he works it the other way. Its a method that minimalizes risk because a hedge is place with out stops required…
We are blogging the updates and will provide more details of how he does it you are interested
Marc