Collective2

The Apeiron Short Term Trading discretionary program uses a short term analysis, through a multi strategy and multi market methodology, whose objective is to offer consistent results on different market conditions, while keeping the drawdown at an acceptable level. The use of a mix of trend and counter-trend approaches, on uncorrelated global markets , could offer a grater diversification, reducing the risk on single trades, while it could increase opportunity for each market sector. The profitable trades are held for 1 to 30 days. The losing trades are liquidated rapidly through the use of stops or market orders, if the stops have not been activated, but the system signals the end of the trade. The trading program is systematic in nature and 90% automatic with a touch of discretion. The methodology is currently composed of 2 short term trading systems that operate in the direction and counter-direction of the markets. They rely on seasonal market behavior and chart patterns. The trading approach is the same for all the markets and market sectors, thus providing a robust and consistent method for exploiting market opportunities. The Apeiron Short Term Trading program is presently active on the following spot markets: Fx Euro/Usd, Fx Usd/Yen, Fx Gbp/Usd, Fx Usd/Can, Fx Aud/Usd, It may be possible in the future to extend the trading in other world markets and/or other market sectors. On average, between 0 to 10 trades are executed each month. RISK DISCLOSURE Please Note: All performance figures and illustrations were obtained using historical back testing on a computer and are not the results of an actual account. No guarantee is inferred that future performance will be like the results shown. Futures, forex and options trading involves risk. There is a risk of loss in futures, forex and options trading. "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 SUBSEQUENTLY 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 IM PLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS".