Gomega Scores Easy 704 Dollars Profit with Pound Yen

admin — Tue, 02 Jun 2009 03:36:23 +0000

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 Live Results are Even Better than Back Test

admin — Mon, 01 Jun 2009 01:00:04 +0000

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

Quantum Gomega AutoTrader » live trading

Gomega Scores Easy 704 Dollars Profit with Pound Yen

Gomega GBPJPY Live Results are Even Better than Back Test