Our analyst RF Posson & Company CTA offers analysis of several markets.  This analyst has also created a program for a commodity futures market and the following performance is shown below.  Keep in mind that past results are not necessarily indicative of future results and read the disclosure at the bottom. This is not a managed program but there may be a managed version in the future.  Call us at 1-877-580-2437 for additional information.  This program charges a subscription fee and per trade commssions and is available only at AFS. Subscribers are notified by email and or phone when a signal is due.  A decision is then made by the subscriber as to whether to take the next trade signal or not.  Performance can vary widely from user to user.  Fee is $499 per year first contract (2nd=$399, 3rd = 299, 4th and more $199) and offers additional market analysis and consultation.  Commission is $65 per round turn for standard account.

One contract was traded for the following performance.  Hypothetical result.  By trading a larger account (dollar wise) but trading only one contract one can lower percentage performance in terms of loss, gain and volatility.  If large enough account one could place excess cash in Tbills or with another firm in money market, etc for a more balanced performance that can compete against stocks, funds and indexes.

Year    Commission     Result*                $3,000      $10,000       $30,000

1999      ($400)          $2864                95%           29%            10%

2000      ($300)          $3938                131%          39%            13%

2001      ($600)          $2101                 70%           21%               7%

2002      ($400)          ($87)                    (3%)          (1%)           (0%)

2003      ($400)          $3301                 110%         33%             11%

2004      ($550)          $3001                100%          30%             10%

* means result is after commission and after $499 first contract service subscription fee.

Note: 70% profitable trades, largest loss was $750, longest losing streak 3 trades, longest winning streak 7 trades, largest drawdown $1500 and time to recovery 2 months, 61 trades with 6 to 13 trades per year, a protective stop was used of $1,000 which can be adjusted according to volatility.  Minimum account $3,000 which may be revised.  Minimum per contract $3,000 which may be revised..

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT  ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICHCAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.