Part of the reason for the string of losses in my view is Gomega Xray trades multiple currency pairs and one of the entry criteria is the cross currencies strength for each of the pairs being traded. So if the market direction changes or goes against Gomega, Gomega will likely have many little losses in a row as the stop losses are triggered. Of course the opposite is true when Gomega is on the right side of a market movement, the result being many big wins in a row.

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

By the Friday afternoon, Gomega had closed out several 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 one month.

While the weeks trading did not produce a nice smooth balance curve, the end 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 how the trading situation had progressed. 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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