Menlove Investments Ltd

Currency Program

Program Description: Menlove Investments is a Madrid, Spain based money manager specializing in foreign exchange trading programs. Menlove Investments' investment objective is to provide consistent returns trading the foreign exchange market. Menlove Investments is a technically based discretionary manager with a disciplined approach to both short and medium term strategies. Technical analysis is used for pattern recognition, as well as trade entry and exit points. Discretion is used to override the technical signals if the risk reward profile is not adequate or to exit a trade in light of new information or changes in signals. The same technical parameters are used for both short and medium term trading. The technical signals utilized provide the flexibility to trade whatever time frame the current market conditions command. All trades are established with a minimum risk reward ratio of 2:1. Leverage is used in trading foreign exchange by Menlove Investments but is strictly monitored with a maximum leverage used of 20%. Menlove Investments employs strict risk management parameters. Each trade signal has a stop loss as well as an objective at the time of initiation. Discretion is used to adjust the profit targets if market conditions dictate. Stop loss orders are always placed into the market at the time of entering a trade so as not to leave any position exposed. No positions are run over the weekend due to the unreasonable amount of risk attributed to running positions over the weekend.