AW-01 | November, 2023

Introduction
Welcome to the November, 2023 AW-01 market report. Contained within this document is a comprehensive and thorough analysis of the performance of the AW-01 trading strategy in the month of November, 2023. The analysis examines various aspects such as the system's effectiveness, efficiency, and overall profitability during this specific time period.

Trading Performance:
November was another incredibly successful month for the AW01 trading strategy. It continued to demonstrate its exceptional capabilities by achieving a remarkable return of +2.91%. This outstanding performance not only adds to the already impressive track record of the system but also contributes to the overall year-to-date return, which now stands at an impressive +27.64%.

It is worth noting that there was a period of drawdown that was carried over from October and extended into early November. During this time, some users of the strategy chose to exit their positions prematurely as the price approached the desired exit point, resulting in a slightly reduced return. However, those who allowed the algorithm to reach its desired take profit level without manual intervention emerged from the drawdown with a profit from the positions held.

Overall, the AW01 trading system consistently proves its effectiveness in managing challenging market conditions and generating stable returns on a monthly basis.

AUDNZD - November 2023 Summary: In November, the AUDNZD pair showed a consolidative pattern around the 200-day moving average. The AW-01 strategy capitalised on minor pullbacks, aligning with its mean reversion approach. This strategy reduced the previous month's drawdown, adapting to the market's tempered bullishness.

• Average Holding Time: ~16 hours, 40 minutes.
• Win Rate: ~68.75%.
• Total Trades: 16.

AUDCAD - November 2023 Summary: AUDCAD in November trended more distinctly, with opportunities for short-term reversals. The AW-01’s scalping strategy was effective in exploiting these opportunities, showcasing adaptability in a market with intermittent reversals.

• Average Holding Time: ~11 hours, 30 minutes, 30 seconds.
• Win Rate: ~86.36%.
• Total Trades: 23.

NZDCAD - November 2023 Summary: NZDCAD continued its mid-October trend towards a resistance level in November, offering fewer reversal trades. The AW-01 strategy's flexibility in trading both bullish and bearish positions allowed for consistent performance in this less volatile environment.

• Average Holding Time: ~11 hours, 4 minutes, 8 seconds.
• Win Rate: ~78.26%.
• Total Trades: 23.

Here's a deeper dive into the trading data:

• Trade Frequency: A total of 62 trades were executed during the month, maintaining an active presence in the market to capitalise on emerging opportunities.
• Trade Types:
  • Buy Trades: Represented approximately 40.32% of all trades.
  • Sell Trades: Accounted for about 59.68% of the trades.

Symbol Popularity:

• The most traded symbol, 'NZDCAD', constituted about 37.70% of all trades for the month, reflecting a strategic emphasis on this currency pair.

Profitability:

• Out of the 61 trades, approximately 78.69% were profitable, translating to 48 successful trades.
• Conversely, about 21.31% of the trades, amounting to 13 trades, resulted in losses.

Closing Remarks:
This year's performance for AW01 has been slightly behind the benchmark of our 40% APY return, which the strategy has been able to achieve on average over the past 5 years of trading. Despite the slight deviation from the benchmark, the strategy has proven its resilience and effectiveness in generating stable returns month after month.

Moving into December, our dedication to upholding high performance standards and fostering a stable, profitable trading environment remains steadfast.

At Alexander William, we would like to wish you the best of luck for December and hope you enjoy your festive season.

Warm Regards,
Alexander William

Risk Disclaimer:
Trading involves substantial risk to your capital and may not be suitable for all investors. Please make sure you understand the risks involved and invest responsibly. Alexander William does not introduce individuals who do not appreciate the risks involved in trading to London & Eastern LLP for the use of the company's proprietary trading strategies.

Regulation Disclaimer:
For clarity, Alexander William Limited is not independently regulated by the FCA/FSA. Alexander William is as a ‘Strategy Provider’ to Pelican Trading. Pelican Trading, operating under London & Eastern LLP, is regulated by the Financial Conduct Authority in the UK, ref 534484. Registered address: 85 Great Portland Street, First Floor, London, W1 W7LT.

Performance Disclaimer:
Past performance does not predict future results. Performance data is provided for informational purposes only and should not be used as a basis for trading or investment decisions. Results have been normalised to show a consistent risk profile since inception, providing a more accurate representation of performance under a singular risk approach. This adjustment offers a clearer perspective on potential outcomes had one consistent risk level been maintained throughout. For audited track records, please contact Alexander William.