Decided to make a brief video to show Gomega Xray in action. Gomega Xray closed the week with a balance of $6980.77, which is a little down from last weeks high. However just looking at the balance is quite misleading, as it does not account for the many trades that are still open. I believe the more relevant number to look at, is the current equity balance, this is currently up to $8059.24. Of course, if I were to have manually closed out all the positions then this would be the approximate 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. Including this along with the account balance, would provide a much better profile for the trading performance.

To illustrate this point, I’ve decided to plot the equity balance onto the account balance chart. Each red dot shows the end of week equity balance. The green line is simply to illustrate an approximate equity balance curve. Of course the only equity balance data I have, is from the detailed reports Metatrader has generated and I’ve only been generating 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 detailed graph with the push of a button.

You may notice the red dots are not evenly spaced, as Metatrader plots the x axis on a per closed trade scale, not on a unified time scale. So the distance between the 5th and 6th red dot from the left, is just one week. That is the week before last week, which had been a very active week for Gomega Xray. It was during that week, that the massive discrepency between the account balance and the equity balance became abundently clear. For much of the week they were moving in opposite directions, the account balance was falling yet the equity balance was generally rising. Of course the account balance will see a decline, if trades are exited if the stop loss is hit, the equity balance includes all 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 motivated me to make the latest video.

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

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 little green arrow shows the point at which the trade was opened, the dotted green line indicates the buy price and the dotted red line is the current stop loss position. Gomega GBPJPY uses a smart stop loss algorithm, which it will move higher as the price approaches it’s profit target. It will also move it up if the price falls, so this trade at the very minimum, break even.

For a detailed commentary of all the indicators displayed on the Gomega GBPJPY chart, I recommend seeing the full video walk through by Quantum Research, which is located here Gomega GBPJPY Under the Hood. Although the chart is full of detail and and is somewhat intimidating, all the complexity of the signal analysis, is handled automatically by Gomega GBPJPY. Not with standing, through the indicators on the chart, you have a window on the complex analysis that is taking place in the background. It gives you the feeling you are looking under the bonnet of a high performance sports car.

You can find more information on the GOmega GBPJPY AutoTrader at GoMEGA GBPJPY Review.

I’ve been running forward testing with the new Gomega GBPJPY Autotrader. I setup a demo account at Forex brokers FXDD starting with a balance of $5000. The configuration is exactly as it was preset with 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 entered 2 trades, 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 direction reversed before reaching the take profit setting.

The Gomega GBPJPY trades on the four hour time frame and only open new trades within an 8 hour period each day. This begins with the second half of the Asian session through to the first half of the London trading day. This may seem to be very restrictive but it has proven to be the most profitable time frame and period to trade the Pound Yen with Gomega Autotrader.

The results so far: With the initial trade, Gomega adjusted the trailing stop as the price rose but when the market price, it exited the trade at zero profit and nothing lost.

The second trade followed a similar pattern, however this time the market moved higher before retracing. Again the Gomega adjusted the stop loss and this time exited with a small profit.
Click Here for a Gomega GBPJPY Review to see Gomega GBPJPY in action

Gomega GBPJPY is designed to follow a strategy of consistent, steady gains, for the long run. The results of the forward test are so far are very good and indicative of what we can expect from trading with Gomega GBPJPY. Shortly I’ll be running some back tests as well, to get a even better idea about how well Gomega GBPJPY performs. Quantum have already published live trading results from their clients who have been trading Gomega Autotrader for 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 have announced 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 impressive guarantee and shows just how supremely confident Quantum Research are with their automated trading system. You will be able to see the full details of the guarantee on their sales page when Gomega GBPJPY goes live Tuesday. In the mean time, you can see them discuss this in the video “The Offer Guarantee & More“.

The only problem I have with Gomega GBPJPY is that there is only a 3 day window in which to acquire this software. I’m sure many people will learn of Gomega GBPJPY after the sales period closes. However this is tradition of 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 GBP JPY at GoMEGA Pound Yen Review.