Quantum Gomega AutoTrader

Posts Tagged ‘gomega results’

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

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

Technorati Tags: demo test, forward test, gomeag xary, gomega live trading, gomega results, gomega trading charts