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Currency Program

  • CTA Name : Satori Trading, LLC
  • Program Name : Currency Program
  • Start Date : 2002-09-01
  • Trading Strategy
  • Systematic : 90%
  • Discretionary : 10%
  • 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 : -

Satori Trading, LLC

Currency Program

There is no performance data for this program

The Advisor’s primary objective is the appreciation of its clients’ assets through the speculative trading in commodity futures and foreign currencies contracts (forex). Due to the inherent risks in any investment, there can be no assurance that the objective will be obtained. Satori Trading utilizes a proprietary short-term trading strategy developed by Mr. Johnson. Markets currently traded in this program are G7 currency futures and foreign currencies (forex). Since the method used is proprietary and confidential, the description below will be general and non-specific. Satori Trading reserves the right to modify its method and strategy from time to time as market research and /or market conditions require. The methods used by Satori Trading are technical and quantitative. These methods are applied to multiple time frames to determine the direction and degree of trend at all levels. Through market research, specific rules have been developed and applied to determine levels of entry for each position. Together, the results of the technical and quantitative analysis and application of rules form a mechanical trading model. The model is designed to anticipate when the larger trend is reestablished, and take advantage of such market movement. There can be no assurance that the program will continue to perform as it has in the past. Satori Executes all orders in the foreign exchange (forex) market because we feel that the deep liquidity of the market helps Satori achieve its ultimate goal- greater returns for the customer. Customers have the option of having their trades remain as a forex transactions or converting the trade to a Chicago Mercantile Exchange foreign currency contract in a process known as an Exchange For Physical (EFP). This decision is made by each client based on his individual needs. There are exchange fees and brokerage fees involved in converting from forex to Chicago Mercantile Exchange contracts. These fees are established by and paid to the exchange and your brokerage firm. Methodology Satori is a proprietary technical trading strategy designed to capture both short and intermediate term trends in the foreign exchange markets. Our research indicates that certain recurring price patterns exist in the market place and the characteristics of these patterns do not significantly change over time. The system applies statistical analysis over both a short and intermediate time frame to identify the point when the larger degree trend has been reestablished (breakout identification point). The system is designed to allow short term trades to develop into intermediate term positions, which are monitored using predetermined risk management parameters. Additionally the program utilizes a rule driven risk management overlay to exit trades identified as having poor risk reward characteristics. The risk management overlay eliminates decision making bias and smoothes the overall return stream. Risk Management is the key determinant of any successful trading program. For this reason, Satori trades only the most liquid currency markets and attempts to limit risk to 1.5% of equity per trade. Additionally, as a trade progresses our risk management overlay composed of a series of specific volatility measures is utilized to prevent giving back profits during periods of disproportionate volatility. This overlay influences return in two ways. It slightly diminishes overall returns but significantly reduces drawdown. The overriding criteria regarding risk management is that it is better to exit a winning trade than continuing in a trade which due to increased volatility now has poor risk reward parameters. Loosing trades have an average duration of one to two days, while winning trades have an average holding period of five days.

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