AW02 | Market Update
USDMXM Update
We would like to address the recent USDMXN trade which, due to the recent geopolitical tension involving an aerial attack on Iran and an unfortunate incidence of slippage on Vantage’s servers, resulted in a 5% loss rather than the anticipated 2.5%. The incident primarily transpired due to a swift escalation in price from 17.3 to 17.9 within a matter of minutes. The strategies designated stop-loss order could not be actioned as initially planned, owing to liquidity constraints tied to Vantage's liquidity providers.
USDMXM Price Chart:
The Value of Stop Loss Strategy
Despite this setback, it’s important to remember that using a 2.5% stop loss is a strategic choice designed to cap losses effectively, thereby preventing more substantial downturns, similar to what we've seen in other strategies such as AW01. These controls are a fundamental part of the strategy's risk management plan, enabling it to minimise losses while prioritising the extension of profitable trades for sustained long-term growth.
AW02 Factsheet:
Transition to Fusion Markets
In light of the recurring slippage issues at Vantage, we are accelerating our move to Fusion Markets. This transition aims to offer a more stable and efficient trading platform.
For those who have not yet switched over, we have prepared your onboarding link. You can access it here: https://fusionmarkets.com/?refcode=82557.
After clicking the link, you will be guided through the necessary steps and be introduced to your dedicated account manager.
Please note, switching from Vantage Markets to Fusion Markets is not mandatory to continue using the current strategy. Should you wish to remain with Vantage Markets, you are absolutely able to do so.
Final Words
As any further updates occur, we will, as always, keep everyone informed. Should you need anything at all, please do not hesitate to reach out.
Warm regards,
Alexander William
For inquiries, please contact:
Alexander Foster
Email: a.foster@alexanderwilliam.im
Phone: +447624339533
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 is not independently regulated by the FCA. 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. Although past results have been normalised to accurately represent historical risk levels, they should not be the sole factor considered.
Prepared by Alexander William, dedicated to providing innovative currency trading software.