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Capricorn fxST (Aggressive)

  • CTA Name : Capricorn Advisory Management
  • Program Name : Capricorn fxST (Aggressive)
  • Start Date : 2003-04-01
  • Trading Strategy
  • Systematic : 0%
  • Discretionary : 100%
  • Fundamental : -
  • Technical : Yes
  • Diversified Market Strategy : -
  • Sector Specific Strategy : Yes
  • Trade Duration
  • Long-Term : -
  • Mid-Term : -
  • Short-Term : Yes
  • Multi-Term : -
  • Markets Traded
  • Stock Index : -
  • Interest Rates : -
  • Currencies : Yes
  • Metals : -
  • Energy : -
  • Grains : -
  • Meats : -
  • Softs : -

Capricorn Advisory Management

Capricorn fxST (Aggressive)


Produce uncorrelated risk-adjusted returns - pure ALPHA, by trading the most liquid assets available to investors; the currency majors. Technical analysis is the major input for the decision-making process behind the programs strategy. However fundamentals such as statistics or information pertaining to the market, which we estimate as having a severe impact, are taken into consideration before taking on a position. As part of overall risk management, the programs are always neutral before, during and after an event we estimate as having severe impact on movements in the currency majors. These are for example; the Employment Report in US, FOMC meetings and ECB meetings. From our experience the technical picture can be easily influenced by a pending release. Finally, a stop-loss order is placed with a broker and confirmed by telephone with all trade positions. The stop-loss levels are defined using analysis of the technical signals, and are never moved away from the entry level. Under certain trading parameters a trailing-stop may be implemented to secure a profit or reduce risk. The strategy is categorised as being intraday, discretionary, however the expertise and success behind it comes from the high degree of discipline within the methodology. This is reflected in the low number of trades executed and the fact that the programs are often neutral. Technical analysis is the only input for position taking decisions, whereas other indicators may be used to reduce overall risk. Performance tends to be strong in all markets.

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