Quantum Gomega AutoTrader » forward testing

GoMega Xray in Action

admin — Sun, 31 May 2009 04:59:26 +0000

Decided to make a brief video showing Gomega Xray in action. Xray closed the week with a balance of $6980, just slightly off last weeks high. However to just look at the balance is somewhat misleading, as there are many trades that were still open at the close of trading for the week. I believe a more relevant number to look at, is the equity balance, this is currently up to $8059.24. After all, if I were to manually exit all the trades, this would would then be represented in the account balance.

Unfortunately the Metatrader platform doesn’t include the equity balance in it’s chart for the detailed report. Including this along with the account balance, would give a much better profile for the trading performance.

In order to illustrate this point, I decided to plot the equity balance onto the account balance chart. 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 reports Metatrader has generated and I’ve only been generating those once per week. It would be great if there were a plugin for Metatrader that would log the equity balance at regular intervals and draw a nice graph at the push of a button.

You will notice that 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 5th and 6th red dot from the left, is just 1 week. That was the week before last week, which was a very active week for Gomega Xray. It was during that week, that the massive discrepancy between the account balance and equity balance became glaringly obvious. They were for much of the week moving in opposite directions, the account balance was declining yet the equity balance was generally significantly higher. Of course the account balance will see a decline, as several trades are closed 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 when you have the software trading right in front of you, you can see this effect, first hand. Which is what initially motivated me to make the video.

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

Technorati Tags: demo account, equity vs account balance, forward testing, GOMEGA Xray, metatrader, profit targets

GoMega GBPJPY Tests Continued

admin — Sat, 30 May 2009 11:50:06 +0000

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

GoMega GBPJPY Autotrader First Impressions

admin — Sat, 30 May 2009 01:32:32 +0000

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