AW-01 | October, 2023

Introduction
We are pleased to present the AW-01 market report for October 2023. This document provides a thorough analysis of the AW-01 trading system's performance during October, evaluating aspects such as the system's effectiveness, efficiency, and overall profitability.

Trading Performance:
October proved to be yet another promising month for the AW-01 trading system, delivering exceptional results with a notable return of +1.87%. This outstanding performance has further contributed to the impressive year-to-date return, which now stands at an impressive +24.03%.

The success of the trading system can be primarily attributed to its strategic focus on the currency pairs AUDCAD, AUDNZD, and NZDCAD. By capitalising on the unique dynamics and trends within these currency pairs, the AW-01 trading system has consistently generated significant profits and demonstrated its ability to navigate the intricacies of the foreign exchange market.

• AUDNZD:
  The pair displayed a bullish trend throughout October, primarily due to a significant bullish turnaround and its ability to sustain levels above the 200-day moving average. The AW-01 strategy, being a mean reversion strategy, generally capitalises on price movements reverting to the mean. However, the persistent bullish pressure on AUDNZD with little to no retracement led to a drawdown which was carried into November.
• AUDCAD:
  Throughout October, the AUDCAD pair exhibited fluctuations, reversing from resistance and support levels at different points in the month. The AW-01 strategy, which trades both sides of the market (buy and sell) with an average holding time of one day, was able to capitalise on each movement, swiftly entering and exiting the market to capture gains from these reversals​⁴​​⁵​​⁶​​⁷​.
• NZDCAD:
  Similar to AUDCAD, the NZDCAD pair showcased a reversal from a key support level around mid-October, indicating a potential rise towards a resistance level. The strategy's design to trade both sides of the market and its swift reaction to market movements enabled it to capitalise on these price fluctuations, demonstrating the efficiency and effectiveness of the AW-01 strategy in responding to market dynamics​⁸​​⁹​​¹⁰​​¹¹​.

Here's a deeper dive into the trading dynamics:

• Trade Frequency: A total of 50 trades were executed during the month, maintaining an active presence in the market to capitalise on emerging opportunities.
• Trade Types:
  • Buy Trades: Represented 54% of all trades.
  • Sell Trades: Accounted for 46% of the trades.
• Symbol Popularity:
  • The most traded symbol, 'AUDCAD', constituted 56% of all trades for the month, reflecting the strategic emphasis on this currency pair.
• Profitability:
  • Out of the 50 trades, 72% were profitable, translating to 36 successful trades.
  • Conversely, 28% of the trades, amounting to 14 trades, resulted in losses.

Competitor Analysis:
The AW-01 strategy continues to stand strong against global benchmarks, showcasing resilience and adaptability amidst the broader market dynamics. The quantitative models employed by AW-01 have been instrumental in navigating through the market conditions, ensuring consistent performance.

Closing Remarks:
At Alexander William, our commitment to excellence and continuous strategy refinement remains unwavering. The promising results of October further validate our data-driven methodologies, emphasising our dedication to achieving above-average returns through data-driven strategies.

As we advance into November, we remain devoted to maintaining high performance standards and ensuring a secure and profitable trading environment.

Warm Regards,
Alexander William

Risk Disclaimer:
Trading carries a high level of risk to your capital, and is not suitable for all investors. Please ensure you fully understand the risks, and do not risk more than you would be willing to lose. Alexander William does not refer individuals to London & Eastern LLP to use the strategies owned by Alexander William that do not understand the risk involved in trading.

Regulation Disclaimer:
For the avoidance of doubt Alexander William Limited is not independently regulated by the FCA/FSA. Alexander William Limited is a ‘Strategy Provider' to Pelican Trading. Pelican Trading is a trading name of London & Eastern LLP. London & Eastern LLP is authorized and 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 is not indicative of future results. The performance data is provided for informational purposes only and is not to be relied upon for making any trading or investment decisions. Results achieved in the past do not guarantee similar outcomes in the future. The results have been risk-adjusted to demonstrate one level of risk since inception as accurately as possible, but should not be relied upon. If you wish to see the audited track record, please contact a member of Alexander William.