GoMega Xray Trading Action

Posted on May 31st, 2009

Just thought I’d make a quick video to show Gomega Xray in action. Xray ended the week with a balance of $6980, which is slightly off last weeks high. However just looking at the balance is somewhat misleading, as there are many trades that are still open. I believe the more relevant number to look at, is the current equity balance, which is now at $8059.24. Of course, if I were to manually closed out all the positions then this would would then be represented in the account balance.

It is unfortunate that the Metatrader platform isn’t able to include the equity balance in it’s chart for the detailed report. This, along with the account balance, would give a significantly better representation for the trading performance.

In order to illustrate this point, I decided to plot onto the chart produced by Metatrader, the equity balance at the end of each week. Each red dot represents the current equity balance at the end of each week. The green line is a simple approximation of the equity curve. As the only equity balance data I have, comes from the detailed weekly reports Metatrader has generated and I’ve only been producing those at the end of each week. It would be nice if a plugin were available for Metatrader that would log the equity balance and draw a nice graph at the push of a button.

You will notice the red dots are not evenly spaced, this is because Metatrader plots the horizontal axis on a per closed trade scale, not on a constant time scale. So the distance between the dot 5 and 6 from the left, is just one week. That was the week before last week, which was a very active week for Gomega Xray. During that week, the massive discrepency between the account balance and equity balance became abundently clear. While the account balance was in decline for much of the week, the equity balance was flux but generally rose. Which would suggest the equity balance is a fairly good indicator of the future account position. This also makes sense as the equity balance includes the current open trades, many of which are likely to be closing in on their profit targets. Of course with Xray trading right in front of you, you can see this effect, first hand. Which is what initially motivated me to make the video.

For my review of the new Gomega GBPJPY, follow this link Gomega GBP JPY Review to see Gomega GBP JPY in action

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GoMega GBPJPY Testing Continued

Posted on May 30th, 2009

Just a quick update to my previous post. In this Gomega GBPJPY video you can see Gomega has just opened a new long position in the Pound Yen. The point at which the trade was opened is shown by the little green arrow, the dotted green line indicates the buy price and the dotted red line is the current stop loss position. Gomega GBPJPY employs a intelligent stop loss algorithm, which it will move higher as the price closes in on it’s profit target. It will also move it up if the price retraces, so this trade will break even at the very minimum.

For a thorough explanation of all the indicators displayed on the Gomega GBPJPY chart, I recommend watching the full video walk through by Quantum Research, this is located here Gomega GBPJPY Under the Hood. Although the chart is full of detail and and is somewhat overwhelming, all the complexity of the signal analysis, is handled automatically by Gomega GBPJPY. However at the same time, through the indicators on the chart, you do have a window on the in depth analysis that is taking place in the background. Its kind of like the feeling you get when look under the hood of a high performance sports car.

You can find more information about the GOmega Pound Yen at GoMEGA Pound Yen Review.

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GoMega GBPJPY Autotrader First Impressions

Posted on May 30th, 2009

I’ve been been doing forward testing on the new Gomega GBPJPY Autotrader. I setup a demo account at FXDD using a starting balance of $5000. using the exact settings as it was preset by Quantum Research. Gomega GBPJPY only trades during the second part of the Asian session and first part of the London session. So far it has opened 2 positions, both of which were orders to buy. During the progress of the trades, Gomega automatically modifies the stop loss, so to lock in the profit on the trade, if the market retraces before reaching the take profit setting.

The Gomega GBPJPY trades on the 4 hour chart and only opens new positions during an 8 hour window every day. This begins with the second half of the Asian session through to the first half of the session in London. This may seem to be quite restrictive but it has proven to be the most profitable time frame and period for Autotrader to trade the Pound Yen.

The results so far: On the initial trade, Gomega adjusted the trailing stop as the price rose but when the market retraced, it exited the trade for an end result of no profit and nothing lost.

The second trade followed a similar pattern, however the market moved higher before falling back. Once again the trailing stop was triggered and Gomega exited with a small profit.
Click Here for my Gomega GBPJPY Review to see Gomega GBPJPY in action

Gomega GBPJPY has been designed to follow a strategy of steady, consistant gains, over the long run. The results of the forward test are so far are very good and are a taste of what we can expect from trading with Gomega GBPJPY. Shortly I’ll also begin doing some back tests as well, to get a clearer picture how well Gomega GBPJPY performs. Quantum have already published live trading results from their clients who have been trading Gomega Autotrader over the last 8 months. So we already know that Gomega is very profitable on the Pound Yen pair.

Quantum research are so confident with the profit potential of Gomega GBPJPY, that they are including a full one year profit guarantee for their clients. “At minimum, you will at least double your account size within a year or your money back”. That is an bold guarantee and just shows how extremely confident Quantum Research are in their Gomega GBPJPY. You can see the full details of the guarantee on their sales page when Gomega GBPJPY opens for sales next Monday at midnight. Until then, they summarize it in their blog and in their most recent video titled “The Offer Guarantee & More“.

The only problem I can see with Gomega GBPJPY is that there is only a 3 day window in which to purchase this software. I’m sure many people will discover Gomega GBPJPY after the sales period closes. However this is always the case with the Gomega automated trading software. So if you do miss out on this launch, then I strongly recommend you join my mailing list, so you don’t miss out next time. You can read more about the Gomega Pound Yen at GoMEGA GBPJPY Review.

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Is There a Secret to Retiring in 4 Years?

Posted on May 27th, 2009

What is Wrong with Retirement?


So what is wrong with retiring? If you’ve got enough money to enjoy a sufficiently comfortable quality of life or at least the standard of living you are accustomed to. Then retirement is great! Of course for most of us, the idea of retiring is in the distant future. Something to squirrel away a little nest egg for, so we can enjoy the golden years of lives.

Wrong! In the current economic situation, retirement is probably closer than you think, forced early retirement that is. As for your nest egg you have been working so hard to accumulate. Let’s not get into the 401K scandals, housing market crash, credit crunch, stock market collapse, looting of investment funds, trillion dollar bank handouts with your future tax dollars rewarding ivory league white collar (you fill in the blank). To sum it up, a complete economic meltdown. And lets not even go into who authorized tax incentives to export your work to China.

These are all reasons why you may never be able to retire, fulfill your passions, follow your dreams and enjoy your life. These are all reasons why you end up working to the end of your days to make money for some corporation and never be able to really get ahead.

This does not have to be your reality. Your life can and should be different but its up to you to make the choice. So lets talk about how you could retire and enjoy all life has to offer. And that you could do so in just four short years.

Amongst all the doom and gloom from the corporate media, there is one thing you should know. Money is never destroyed, it merely changes hands. You can exchange your free time for money or you can exchange money and free your time. The biggest market for money in the world is the foreign currency exchange market (FOREX). Over US$3.2 trillion in foreign currencies across the world change hands every business day of the week.

If only there were a way to take part in the Forex market using an automated system, that was capable of profiting from the variations in the currency prices, day and night. Well there are many automated trading systems available. The best of them can make money consistently over time. One such example of an excellent automated Forex trading system is Gomega Xray.

While it is not possible to purchase Gomega Xray at this time, there is another very exciting release coming from the creators of Gomega. In a week from now, they will release a new update of their extremely popular Gomega Autotrader FX. This new release of Autotrader is named Gomega GBP JPY or Gomega (Pound Yen).

Gomega GBPJPY specializes in trading the Pound Japanese Yen, currency pair. This pair of currencies has proven to be very profitable for many Gomega users, some of whom have made their live trading accounts available for Quantum to display online. Jonathan and David present a Four Year Retirement Plan based on the compounding profits possible by simply using Gomega GBPJPY to trade on autopilot with a starting balance of just $5000. At the current rate of equity growth, within four years, the balance would be over ONE MILLION DOLLARS. Hence the title, the 4 Year Retirement Plan.

Quantum meet a Gomega Autotrader client in Switzerland

Last week Ken Herbert Snr. and Jonathan Herbert of Quantum Research released a video with one of their Swiss clients, who had almost doubled the balance on his live trading account in seven months, trading the GBP/YEN currency pair and on auto-pilot using Gomega AutoTrader.

New Pound Yen Trading Videos from Quantum Research

Another video is now available where Ken Herbert Snr and Jonathan Herbert show you the inner workings of Gomega GBPJPY Autotrader. This is a very interesting video and very informative for everyone considering investing in Gomega GBPJPY or simply trading this currency pair. This video goes into great detail showing the indicators and signals Gomega GBPJPY uses in determining when to enter or exit a trade. If you are new to Forex then this may be a little overwhelming at first, however the best part is that Gomega GBPJPY takes care of all this complexity for you, leaving you just to decide a few inputs such as Risk per Trade, Stop Loss and Take Profit preference.

The GOmega GBPJPY Under the Hood, is a very interesting video which not only takes you under the hood but through a trading week with the Gomega GBPJPY also, and I thoroughly recommend watching it at least once if not three times.

Visit the Official GoMega GBPJPY Site

Click Here for my Gomega GBP JPY Review and Back Tests, Forward Tests and Live Results

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Gomega Xray Live Test Results for Last Week

Posted on May 26th, 2009

It was a exciting week for Gomega Xray forward tests and I’m sure for most automated trading systems. Gomega has been trading a $5000 demo account with Alpari since April 21st, and it began the week with a balance of $6188. During the week it suffered a number of successive loses drawing its account balance down to well under $6000. Yet at the same time its equity balance was hovering around $7000. So on the one hand the results didn’t look so good at first, it was in a very good position overall.

Part of the explanation behind the string of losses in my opinion is Gomega Xray trades multiple currency pairs and one of the entry criteria is the cross currencies strength for each of the pairs being traded. This is one of the many factors that gives Gomega the edge when calculating whether to enter a new position. However it is a two edged sword. So when the market direction changes and goes against Gomega, Gomega will possibly have several small losses in a row as the stop losses are triggered. Naturally the opposite is true when Gomega is on the correct side of a market movement, the result being many giant wins in a row.

This is exactly how last weeks trading had been. Gomega found itself on the incorrect side of the market movement a couple of times as well as some positions that were peaked out during major news events. Those news events without doubt had sent a cascade of stop losses rippling across the markets. Perhaps a great oppurtunity for a dedicated manual trader? However notwithstanding this, Gomega was still in the trade on several positions since the beginning of the week and before. And as the Euro continued to strengthen throughout the week, Gomega’s equity position continued to grow, though its balance was down.

By the Friday afternoon, Gomega had closed out several positions it had been holding and finished the week with a balance of $7296 and equity of $7478. Overall that’s a gain of $2296 or 45% in less than one month.

While the weeks trading didn’t produce a pleasant smooth balance curve, the final result is still really impressive. If Metatrader were in a position to show an equity curve that included the equity balance, it’d be easier to visualise the real progress of the trading through the week. Another limitation of the chart s produced by Metatrader are that the horizontal axis is constructed on a closing trades basis rather than a fixed unit of time. So the end result is a somewhat distorted view.
Keep up to date Gomega AutoTrader Live Trading Results

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