Top 10 Systems For The Past 12 Months

Issue # 4 2011 - published in January 2012

Results based on performance through October 31, 2011.
Return is based on three times the required margin.

Hypothetical performance results have many inherent limitations. 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 subsequently achieved by any particular trading program. There is a substantial risk of loss in futures trading.

The following material assumptions were made for testing purposes:

• Initial investment amount: 3 times margin required.
• Reinvestment or distribution of profits: None included in calculations.
• Commission/slippage used: $200/rt for ND, $100/rt for SP, $25/rt for e-minis, $75 for all other markets.
• Management and incentive fees: None included in calculations.