Systematic Gold programme

10/25 PAMM

A disciplined, rules-based Gold programme with monthly profit distribution and clearly defined return and drawdown objectives.

Year to date

+100.22%Jan–Sep 2026

Latest month

+14.01%September 2026

Winning months

88.89%8 of 9 months

Programme objective

10 / 25Return / drawdown parameters

Return history

Monthly performance

2026

Jan+20.95%

Feb+18.01%

Mar+3.66%

Apr+13.42%

May+6.27%

Jun+9.06%

Jul-3.80%

Aug+18.64%

Sep+14.01%

YTD+100.22%

Note: January 2026 performance reflects the 5/20 strategy before the 10/25 PAMM was separated. The 10/25 strategy has been applied from February 2026 onward.

Performance

Illustrative Growth of $100k

10/25 +100.22%S&P 500 +11.86%SPDR Gold Shares (GLD) -3.90%

Hover over or tap any month to compare performance. Benchmarks reflect USD price returns and exclude SGD/USD movements. The S&P 500 excludes dividends. Sources: GLD and S&P 500.

Strategy

What 10/25 Represents

The 10/25 PAMM is a systematic Gold programme designed to pursue meaningful capital growth across changing market conditions. “10/25” reflects a targeted average monthly return of ~10%. Typical drawdowns are expected to range between 5% and 10%, while adverse conditions may produce a drawdown of up to ~25%, potentially once within 12–18 months, less frequently, or not at all.

The strategy follows a disciplined, rules-based approach to execution and risk, with profits distributed monthly rather than automatically reinvested. These are objectives and risk estimates, not guarantees, and returns may vary significantly from month to month.

Monthly Review

September 2026

September delivered a gain of +14.01%, bringing Q3 performance to +28.85% and year-to-date performance to +100.22%. Gold remained highly volatile as changing expectations around the US Federal Reserve and ongoing geopolitical tensions drove sharp shifts in market direction.

The algorithm remained disciplined and selective throughout these conditions. It stayed out of the market on most trading days when the required setup was not present, avoiding unnecessary exposure during unstable periods.

When a clearer opportunity emerged on 28 September, the strategy acted decisively through a short Gold trade sequence. The move became the principal contributor to September’s result and more than offset losses from earlier activity. The month demonstrated the value of waiting patiently, limiting participation and committing only when the strategy’s conditions were met.

Statistics

3-Month Return: +28.85%
6-Month Return: +57.60%
9-Month Return: +100.22%
Total Cumulative Return: +100.22%
Average Winning Month: +13.00%
Average Losing Month: -3.80%
Maximum Balance Drawdown: 7.48%
Recovery Factor: 16.26
Sharpe Ratio: 2.92
Sortino Ratio: 10.10
Calmar Ratio: 29.24

Return statistics use reported programme performance. Risk-adjusted statistics, drawdown and Recovery Factor use cash-flow-adjusted account data. Maximum drawdown is balance-based and excludes intraday floating profit and loss.