Insights · Monthly Report
September 2026 performance report
Published: · by the QuantGovernor team
September closed positive on all three strategies and better than August on all three: XAUUSD Adaptive Breakout +8.50%, Olympus +6.71%, Copy Gold +2.04%. The headline number is the least interesting part. What the month actually shows is that a single trading day — 28 September — produced almost the entire result of one strategy and a third of another’s. Every figure below comes from the third-party-verified accounts linked at the bottom.
The month in one table
| Strategy | September | August | Up / down days | Intra-month drawdown |
|---|---|---|---|---|
| XAUUSD Adaptive Breakout | +8.50% | +6.65% | 5 / 3 | 0.94% |
| Olympus | +6.71% | +2.39% | 13 / 1 | 1.29% |
| Copy Gold | +2.04% | +1.55% | 11 / 1 | 1.69% |
Monthly returns are Myfxbook’s own figures for 1–30 September, which adjust for deposits and withdrawals. Up and down days count only days on which the account traded. Intra-month drawdown is measured on the growth curve rather than on the balance, so cash movements cannot flatter it. No strategy came within a fifth of its declared risk limit.
XAUUSD Adaptive Breakout: the month is one day
+8.50% for the month. 28 September alone was +8.33%. The other eight trading days of the month, added together, come to −0.19%.
This is worth stating bluntly rather than hiding behind the monthly figure, because it is the honest description of what a breakout system does. It stays flat, takes small losses while nothing happens, and then catches the move it was built for. August had the same shape — almost half that month came from 5 August — and September took it further.
The consequence for anyone copying it: the monthly number is not a monthly income. A month without that one day looks like a flat month with small losses, and that is a normal outcome of this design, not a malfunction. Judging a breakout strategy over any single month measures luck of timing more than anything else.
Olympus: the best month so far, and why
+6.71%, against +2.39% in August. Thirteen up days against one down, and an intra-month give-back of 1.29%.
The portfolio benefited from the same 28 September session, which contributed +3.06% — a little under half the month. The difference from XAUUSD Adaptive Breakout is the rest of the distribution: the remaining days add up to roughly +3.5%, so the month holds even with the exceptional session removed. That is what a multi-strategy portfolio is for: not a higher number, a result that does not depend on a single session.
The declared −30% equity stop was never remotely approached; the deepest point of the month was 1.29% below its own high.
Copy Gold: one losing day, and what it shows
+2.04%, against +1.55% in August. Eleven up days and one down — but that single day, 22 September, was −1.66%, and the following session recovered +1.45%.
That sequence is the method made visible. A system that averages into positions produces long runs of small gains and rare, larger give-backs — which is exactly what the month looks like: ten days between +0.04% and +0.49%, then one day worth more than the previous ten combined, then a recovery. The intra-month drawdown of 1.69% is the largest of the three strategies despite Copy Gold having the smallest monthly return.
None of that is a malfunction either. It is the risk profile, and the declared hard stop at −30% equity is the mechanism that bounds it. But anyone reading “eleven up days out of twelve” as a measure of safety is reading it backwards.
Two days worth noticing
22 September was the worst day of the month for both Copy Gold (−1.66%) and Olympus (−1.28%). XAUUSD Adaptive Breakout was not in the market that day and was unaffected.
28 September was the best day of the month for both XAUUSD Adaptive Breakout (+8.33%) and Olympus (+3.06%).
Correlation works in both directions, and the second case is the one providers prefer to show. The useful reading is that the same sessions move several of these systems together — on the good days and on the bad ones — because they trade the same instrument in the same hours. Running three strategies is not the same as running three independent bets. Correlation risk in a multi-strategy portfolio covers how that is measured.
What we are not publishing, and why
Three figures a monthly report would normally include are missing above, each for a stated reason.
- Trade counts and win rates. The data source caps closed-trade history at the most recent records per account, which is fewer than a full month on these systems. A count published from a truncated sample would be a floor presented as a total.
- Open positions as at 30 September. The interface reports positions open now, not as at a past date. We are not going to reconstruct a month-end snapshot from a later reading and present it as contemporaneous.
- Balance-based drawdown. On an account with deposits and withdrawals, a drawdown measured on the balance reflects cash movements as much as losses. The figures above are measured on the growth curve instead.
Verify it yourself
Every number above is taken from these accounts, and none of them is ours to edit:
- XAUUSD Adaptive Breakout on Myfxbook · strategy page
- Olympus on Myfxbook · strategy page
- Copy Gold on Myfxbook · strategy page
If a figure on this page disagrees with what you see there, trust the account, not us, and tell us about it. The terms used above are defined in the trading metrics glossary.
One month is not evidence of anything, and a good month is the easiest kind to publish. These reports come out every month, including the ones we would rather not show. Related: How to read a Myfxbook track record · Maximum drawdown is not enough · Risk Disclosure. Past performance is not indicative of future results.