| Home>>Main infomation>>About Mascot Fortune |
|
Seminar by Mr. Andreas Boesch |
|
Last updated: 2009-05-15 |
Mr. Andreas Boesch, world renowned foreign exchange money manager and U.S. trading championship winner,who achieved an amazing 4000 percent return on his managed funds, conducted a fully attended seminar in Auckland on Sunday, 29th February 2004.
Mr. Boesch, who is the all-time record winner of the prestigious U.S. Trading Championship (Futures Division), has been an active trader and consultant in Futures and Foreign Exchange for some 30 years now. Starting in the late 1970's when computers became available, he developed his Alpha Bravo Trading Method (ABTM).
Born in 1942 in central Switzerland, Andreas Boesch studied economics and modern languages at the University of Geneva in Geneva, Switzerland. A full scholarship under a Swiss-American student exchange program brought him to Dartmouth College in New Hampshire, USA, where he graduated in economics in 1965. He returned to the Graduate Institute of International Studies of the University of Geneva to obtain his MBA in International Political Sciences.
After his graduation, he joined a large Boston bank and soon became their Chief Foreign Exchange Dealer gaining extensive knowledge in international currency and gold trading. In the early 1970’s he worked with various organizations such as Merril Lynch in Boston and, with several Wall Street houses in New York City to broaden his experience in Futures trading and other international investment activities. Starting in 1974, when registration procedures were first introduced in the USA, he was continuously registered with the Commodity Futures Trading Commission until his last registration lapsed in January 1993.
In 1977, tired of life in big cities and confident of his own abilities, he decided to go into business for himself. He moved to New Fairfield, Connecticut, and established and operated his own Futures brokerage company. The day-to-day running of the business, however, interfered too much with his trading activities. He sold the operation and jointed Bridgewater Associates Group, a wall known international economic research firm. It became rapidly apparent that matching sound economic fundamentals with a highly developed technical trading approach should prove practical and rewarding. It was at this time, primarily in 1985/86, that he developed his Alpha Bravo Trading Method.
In 1987 he put his knowledge and skill to the test by entering the highly prestigious United States Trading Championships, a worldwide competition event in real time trading organized under the auspices of the Beverly Hill Trading Association. Andreas Boesch, starting with a US$5,000 investment in the Futures division, achieved an all time record return of 45.3 times over the four months period of August 1 through November 30. Obviously, the trading on this account was done in an ultra-aggressive style not suitable to trading on customer accounts. It must be said, however, that by applying the same principles and trading method in a less aggressive way, he also turned the approximately US$250,000 in customer funds entrusted to him at the beginning of that year into close to US$5,000,000 by the end of the same year.
In 1988, 1989 and early 1990 Mr. Boesch was semi-retired from the business. He traveled and lectured extensively in Europe and the USA and devoted substantial time to the resolution of a major family problem. In March 1990 he accepted an invitation to move to Hongkong in order to study the emerging economies and financial markets of the Far East. He has spent 5 years in Hongkong, Indonesia, the Philippines, Thailand, Taiwan and Mainland China. Most importantly, he converted his trading method to the interbank cash currencies markets, finding that the cash markets are actually a better and more reliable trading vehicle than the trading Futures markets. He returned to his native Switzerland in the fall of 1994.
Andreas Boesch is first and foremost a technical trader. He believes that no one can know or predict the markets reliably by solely studying underlying factors. He believes that the best way to trade is to simply follow the market and not to predict it. All that is needed is to find situations and patterns that produced specific results in the past with 65-70% regularity. It can then be reasonably expected that the same patterns will produce the same or similar results again. To this effect, Andreas Boesch has developed a complete trading approach, the Alpha Bravo Trading Method, which he is using with various degrees of aggressiveness in his managed trading. Alpha Bravo is simply applying the high probability lessons of the past in a disciplined way to present market action. It rests on the assumption that “there is nothing new under the sun” and that human behavior changes very little over time.
Alpha Bravo Trading Method （ABTM)
Alpha Bravo Trading Method is technical in nature. It never seeks to “know”. It assumes that the market knows best and it therefore attempts to follow the market and not to predict it. Simply stated, the computer applies the lessons of past market action to present market action on the assumption that human behavior remains relatively constant. Intelligent participants - and especially the vast majority of not so intelligent participants - will keep doing the same thing they always did. The computer program takes a long-term, medium-term and short-term measure of market action and produces action signals for each period. In January 2001, when the price for EURO/USD was the same at the end of the month as it was at the beginning of the month, the program still made a profit of 70% (trading 2 to 1) due to the short term signals of the program。
In addition to the computer generated action signals, ABTM uses a clearly defined money management approach. It uses 3 trading modes. The initial conservative mode (trading 2 to 1, i. e. maximum $200,000 per $100,00 invested, until 50% return has been realized), the normal mode (trading up to 5 to 1 until 100% return is realized) and the aggressive mode (trading up to 10 to 1 or more if the customer so desires). All position have a set risk factor which is protected as best as can be done through stop-loss orders. The minimum account size is $100,000 since the minimum trading unit is normally also $100,000.
Historic backtesting and actual trading results have shown that it is not unreasonable to expect a return of 20% to 50% per month on a 2 to 1 trading leverage (i.e. some 5% to 20% on 5 to 1 leverage, etc.). The worst drawdown observed (2 to 1 leverage) was less than 6% While past results can never be construed as guarantee of similar future results, and while no profits are guaranteed or promised, we see no reason why the program should not continue to function very successfully in times to come. Customers are, however, strongly urged to set a risk limit of an exact percentage of loss on their invested funds at which point all trading would have to be stopped and all open positions would have to be promptly liquidated if it was ever reached.
Alpha Bravo is speculative and aggressive. Any trading method seeking returns of 100% plus per year is bound to battle substantial risk at all times. There is no denying that profit potential and loss potential go hand in hand. The very success of a trading method ultimately depends not exclusively on how it handles the market but to a large extent on risk control. Andreas Boesch is committed at all times to his fullest and best efforts to achieve the ambitious goals of his trading method but he cannot and does not mean to express or imply a guarantee or promise of profit. Past performance should not be construed as an assurance of similar future profits. Only true risk capital should be committed to a venture of this kind.
|
| |
Related info:
|
|
|
|
|
| About Mascot Fortune
new listing |
|
|
|
