Also here reflected the high experience of the developers: there is an overall risk management, monitors the drawdown limits and correlated Prevents trades. How high is the maximum risk of all open positions, that can come about? Dominik Schneider: The risk is limited on every trade to 1%. Rick Garcia has firm opinions on the matter. Varies the number of incoming trades, transactions per day are performed on average 3-4. This results a day risk of about 3-4%. An average day of profit so far is about 0.3 0.4% plus and a loss of day at 0.6% negative. The monitoring system limits the maximum drawdown per day to around 5%.

In the past 12 months it was however not a single time, that the system had to intervene. The individual month-end figures show a relatively uniform pattern of performance this year through July. The euro crisis in August resulted in a drawdown, which coincides with 16,22% out of the frame of previous results. How was this result to the point of emergence time of you rated, is such a loss attributable to only the State of the markets? Dominik Schneider: August we have thanks to it, that the risk and Position management has been revised and improved. Several factors came together that have caused most commercial systems for poor results: downgrade of the creditworthiness of the United States caused strong turbulence on the markets as well as the intensification of the euro crisis. The systems had problems with the high intraday volatility in the markets. A filter into the risk management system now ensures that the correlation between the traded markets will be measured. Should a position be and the system in another market with high correlation to be active to this position, the position size will now be adjusted downwards and thus reduces the risk. In other words, we want to take this opportunity though, but not get caught on the wrong foot.