Quantum Gomega AutoTrader

Archive for the ‘Live Results’ Category

Its been a very volatile week for the Pound Yen. While it hasn’t been a good week to showcase the profit potential of Gomega GBPJPY, it has turned the unique smart stop loss feature into a star performer. The “Trailing Semi-Parabolic Stop Loss” as it is referred to by Gomega, has been able to safely exit the trades when the market has spiked against its position. So in spite of the choppy conditions, Gomega GBPJPY is still sitting in profit for the week.

Gomega GBPJPY will only enter a trade during an 8 hour window when the market has the most liquidity. That being the end of the Asia trading session and the start of the London session. This is considered the best time to trade in this currency pair and Gomega GBPJPY has been very consistent at always getting on the right the market trend. It then monitors the market conditions and manages the exit strategy on every tick, 24 hours a day. So even when the market is as volatile as it is at present, it was still is able to exit with precision.

Overall I am very impressed and looking forward to more normal trading conditions next week and a good solid perfomance by Gomega GBPJPY.

Technorati Tags: exit strategy, expert advisors, forex robots, forex trading, gomega gbpjpy, gomega review, managing a trade, Trailing Semi-Parabolic Stop Loss

I’ve been running a forwards test on the new Gomega Pound Yen since early last week. And it has been very consistent at picking the market trends on trades it has entered, it was unfortunately exited early when the market backtracked before advancing further. Leaving it in a net gain of $45.76 profit for the 3 days it traded.

Gomega Xray was also trading this currency pair and had been in the trade since the week before. Just now Gomega Xray exited its position in the Pound Yen at a profit of $704.52. Sending the account balance to $7686.72 and an equity balance at $8850.

Click Here for a Gomega GBP JPY and Live Results

Technorati Tags: exiting a trade, gbp jpy, gbpjpy review, gomega pound yen, gomega review, GOMEGA Xray, live rsults, live trading, pound yen

Gomega GBPJPY Even Better Live than Back Tests
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The back tests on Gomega were very good, however the live results are even better. While I’m not really a big fan of back tests, mostly because the amount of data available for the EA to work with, is extremely limited at just around 1% to 2% of the original live tick data. And even when using the 1 min time frame as the data source, each tick is just and average value based on the 50 to 100 ticks that may have existed in real time. In other words, back tests are poor facsimiles of live trading.

So how did Gomega GBPJPY perform in the back test? The test was run across the same time period that we have live results for. Which start from Oct 5th, 2008 thru to April 10, 2009. Beginning with an account size of $5000, the Gomega GBPJPY back test completed with a closing balance of $8174 or a gain of 63%. This compares very well to the live results from Gomega clients. began live trading on September 2nd 2008 with a starting balance $10,000. And by April 6, 2009, the account had reached $19,909.24. A gain of 99% in just 7 months. You can see Andreas, from Switzerland, talks about his Gomega settings for trading the Pound Yen. Another client ran a $5000 demo account over the same period and it reached a closing balance of $14,608.67 by April 3rd, which is a gain of 192%. And Greg Surowiec traded a live money account starting on October 5th 2005 and by April 10 it had reached $12,811.01 or a gain of 156%.

Here I’ve taken the chart from the back test and superimposed it over the live result charts (Sean, Greg). I’ve color coded the balance curves to make it easier to compare the results. The blue line is the live money account, the green line is the forward demo test and the brown line is the back test results.
You can read more on the GOmega GBP JPY at GOmega Review.

Technorati Tags: back tests, configuration, expert advisor, forex automation, gomega gbpjpy, gomega profits, gomega users, Live Results, live trading

Here’s a quick update to my last post. In this Gomega GBPJPY video we can see a trade in action, Gomega GBPJPY has just entered a new long position in the Pound Yen. The point at which the trade was entered is indicated by the little green arrow, the dotted green line shows 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 approaches the profit target. It will also move it up if the price falls, so that this trade at the very minimum, break even.

For a thorough commentary of all the indicators displayed on the Gomega GBPJPY chart, I recommend watching the very thorough video walk through by Quantum Research, which can be found here Gomega GBPJPY Under the Hood. Although the chart is very detailed and looks rather overwhelming, all the complexity of the signal analysis, is taken care of automatically by Gomega GBPJPY. Not with standing, through the indicators on the chart, you 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 bonnet of a high performance sports car.

Technorati Tags: forward testing, gomega gbpjpy review, gomega results, profit targets, trading pound yen, trailing stops

Since Tuesday I’ve been running a forward test with the new Gomega GBPJPY Autotrader. It is setup on a demo account at Forex brokers FXDD using a opening balance of $5000. The configuration is exactly as it was preset with by Quantum Research. Gomega GBPJPY is set to trade during the second part of the Asian session and first part of the London session. So far it has entered 2 positions, both of which were buy orders. During the progress of the trades, Gomega GBPJPY automatically modifies the stop loss.

The Gomega Pound Yen trades on the four hour time frame and only open new trades within an eight hour period each day. This covers the second half of the Asian session through to the first half of the London session. This may appear very limited but it has proven to be the most profitable time frame and period for Autotrader to trade the Pound Yen.

The results so far: For the first trade, Gomega GBPJPY adjusted the trailing stop as the market rose. Then when the market retraced, it exited the trade at zero profit and nothing lost.

The next trade was very similar, however the market moved higher before retracing. Again the Gomega GBPJPY adjusted the stop loss and this time exited with a small profit.

Gomega Pound Yen is designed on a principle of consistent, steady gains, over the long term. 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 be 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 past 8 months. So we already know that Gomega GBPJPY performs very well on the Pound Yen pair.

Quantum research are so confident with the profitability of Gomega GBPJPY, they are including a full one year profit guarantee for their clients. Essentially they are guaranteeing that Gomega GBPJPY will at least double your account balance over a one year period, or they will refund the full purchase price of the software. That is an bold guarantee and just shows how supremely confident Quantum Research are in their Gomega GBPJPY. You will be able to see the full details of the guarantee on their sales page when Gomega GBPJPY opens for sales next Monday at midnight. In the mean time, they summarize it in their blog and in their most recent video titled “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 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 VIP update list, so you don’t miss out next time.

Technorati Tags: forward testing, gomega gbpjpy test, gomega results, trading pound yen

What’s the Secret to Retire in 4 Years?

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

Wrong! In the current economic situation, retirement is probably closer than you think, and by that I mean forced early retirement. As for that 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, investment fund scandals, trillion dollar bank handouts with your future tax dollars rewarding well connected white collar (I’ll let you fill in the blank). To sum it up, the general economic meltdown. And lets not even go into who authorized corporate subsidies to export your job to China.

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

This doesn’t have to be your reality. Your life can and should be better but its up to you to make the difference. So lets talk about how you could retire and enjoy your life. And how you could do so within four short years from now.

Amongst all the doom and gloom around us, there is one thing you should know. Money is never destroyed, it simply changes hands. You can exchange your free time for some money or you can exchange money and free your time. The biggest money market in the world is the foreign currency exchange market or FOREX. Over US$3.2 trillion in foreign currencies from around the world are traded every business day of the week.

If only there was a way to take part in the Forex market using an automated system, that was capable of profiting from price variations in currencies, every day of the week. Well there are many such trading systems that do just that. And the best of them can make money consistently over time. Gomega Xray is an excellent example of a high end automated trading system.

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 less than a week from now, Quantum Research will release a totally new update of their very successful Gomega Autotrader FX. This newest version of Autotrader has been named GOmega GBPJPY.

Gomega GBPJPY specializes in trading the Great British Pound Japanese Yen currency pair. This currency pair has been very profitable for Gomega clients, some of whom have made their live trading results available for Quantum Research to display on their website. Jonathan and David present a 4 Year Retirement Plan based on the compounding gains possible simply by trading on autopilot using Gomega GBPJPY from a opening balance of just $5000. At the current rate of profit, within four years, the balance would be over ONE MILLION DOLLARS. Hense the title, the Four Year Retirement Plan.

Quantum meet a Swiss 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 nearly 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 released by GOmega

A new video has now been released where Quantum show you under the hood of the Gomega GBPJPY Autotrader. It’s a very interesting video and essential viewing for everyone considering investing in Gomega GBPJPY or simply trading this currency pair. The 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 intimidating, however the great part about the Gomega system is that Gomega GBPJPY handles all the complexity for you, you only need to set few settings for example Risk per Trade, Stop Loss and Take Profit settings.

The GOmega GBPJPY Under the Hood, is a ver interesting video which not only takes you inside of Gomega GBPJPY but through a trading week with the Gomega GBPJPY as well, I highly recommend watching it at least once if not three times.

See the Official Site

Click Here for a Gomega GBP JPY Review to see Gomega GBP JPY in action

Technorati Tags: 4 year retirement plan, gbp jpy, gomega gbpjpy autotrader, live trading with gomega gbpjpy, trading pound yen

It was a interesting week for Gomega Xray forward tests and I am sure for most automated trading systems. I have had Gomega Xray trading a $5000 demo account with Alpari since April 21st, and it started 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. However this is not as bad as it may appear as its equity balance was at the same time hovering around $7000. So on the one hand the results looked bad but at the same time it was in a very good position overall.

Part of the explanation behind the string of losses in my judgment is Gomega Xray trades multiple currency pairs and one of the entry standards is the cross currencies strength for each of the pairs being traded. So when the market direction changes or goes against Gomega, Gomega will likely 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 multiple big wins in a row.

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

By the end of the week, Gomega had closed out many positions it had been holding and ended the week with a balance of $7296 and equity of $7478. So that was a gain of $2296 or 45% in less than 1 month.

While the weeks trading did not produce a pleasant smooth balance curve, the final result is still really impressive. If only Metatrader were able to show an equity curve that included the equity balance, it’d be better 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.
Click here for the latest on Quantum Gomega Xray Live Trading Results

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