Quantum Gomega AutoTrader

Posts Tagged ‘forward test’

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.
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