The back tests on Gomega were very good but the live results are even better. I’m not a big believer in back testing, simply due to the fact that the amount of data available for the EA to work with, is tiny at just around 1% to 2% of the real time live data ticks. And even when using the 1 minute time frame for the data source, each tick is an average of the 50 to 100 ticks that may have existed in real time. In other words, back tests are poor facsimiles of live trading.

Gomegaxray GBPJPY Back TestSo how did Gomega GBPJPY do in the back test? The test was run across the same time period that we have live results for. Which is from October 5, 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 which is a 63% gain. This compares very well with the live results from Gomega clients. Andreas Maeder’s account began live trading on Sept 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 traded with a $5000 demo account over the same period which hit a closing balance of $14,608.67 by April 3rd, which is a gain of 192%. And another client traded a live money account starting with $5000 beginning 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 then 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 orange line is the from the back test.
Gomega Pound Yen Back test vs live trading results You can read more about the GOmega GBPJPY AutoTrader here GoMEGA Pound Yen Review.

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Why You Can’t Retire In 4 Years!

What is Wrong with Retirement?
Gomega Four Year Retirement Plan

So what’s wrong with retiring? If you’ve got enough money to enjoy a sufficiently comfortable quality of life or at least maintain the quality of life you are accustomed to. Then retirement is great! Of course for most of us, the idea of retiring is in the distant future. Something to store away a little nest egg for, so we can enjoy the golden years of lives.

Wrong! In the current economic environment, retirement is probably closer than you think, and by that I mean forced early retirement. As for your nest egg you’ve been working so hard to build up. Let’s not talk about the 401K scandals, housing market crisis, credit crunch, stock market collapse, investment fund scandals, multi billion dollar bank handouts with your future tax dollars rewarding ivory league white collar (you fill in the blank). In short, a complete economic meltdown. And lets not even go into who authorized corporate subsidies to export your work to China.

These are all reasons why you may never be able to retire and enjoy your life, follow your passions and fulfill your dreams. These are all reasons why you end up working to the end of your days to make money for someone else or perhaps worse.

This doesn’t have to be your reality. Your life can and should be better but its up to you to make the choice. So lets talk about how you can retire and enjoy your life. And how you could do so within just 4 short years.

In the midst of all the doom and gloom around us, there is one thing you should know. Money is never destroyed, it merely changes hands. You can exchange your time for some money or you can exchange money and free your time. The biggest money market in the world is the foreign currency exchange market (FOREX). Over US$3.2 trillion in foreign currencies from around the world change hands every business day of the week.

If only there were a way to tap into this with an automated system, that could profit from the changes in the currency prices, 24 hours a day. Well there are many such trading systems available. The best of them can make money consistently over time. One such example of an excellent automated Forex trading system is Gomega Xray.

While it is not possible to buy Gomega Xray at this time, there is another extremely exciting offering from the creators of Gomega. In a week from now, they will release a new version to their extremely popular GOmega Autotrader FX. This newest version of Autotrader is named Gomega GBPJPY.

Gomega GBPJPY is dedicated to trading the Pound Yen, currency pair. This currency pair has been very profitable for Gomega owners, some of whom have made their live trading results available to Quantum to publish on their website. Jonathan and David present a Four Year Retirement Plan based on the compounding profits possible by simply using Gomega GBPJPY to trade on autopilot from a starting balance of just $5000. At the current rate of equity growth, within 4 years, the balance would be over ONE MILLION DOLLARS. Hence the title, the Four Year Retirement Plan.

Quantum meet a Gomega Autotrader client in Switzerland
Quantum meet a Gomega Autotrader client in Switzerland
Last week Ken Herbert Snr. and Jonathan Herbert of Quantum Research presented a video of their meeting with one of their clients who lives in Switzerland, who had almost doubled his live trading account in 7 months, trading the GBP/YEN currency pair and on auto-pilot using Gomega Autotrader.

More GoMega GBPJPY Videos released by Quantum Research

Another video is now available where Ken Herbert Snr and Jonathan Herbert take you under the hood of the Gomega GBPJPY Autotrader. This is a very interesting video and very informative for anyone considering investing in Gomega GBPJPY or simply trading this currency pair. The video goes into great depth showing the indicators and signals Gomega GBPJPY uses in determining when to open or close a trade. If you are new to Forex then this may be a little overwhelming at first, however the best part is that Gomega GBPJPY handles all this complexity for you, you only need to set few preferences such as Risk per Trade, Stop Loss and Take Profit preference.
the  Gomega Pound Yen Live Trading Results

The GoMega GBPJPY Under the Hood, is a truly fascinating video which not only takes you inside of Gomega GBPJPY but through a trading week with the Gomega GBPJPY as well, I highly recommend watching it at least once if not 3 times.

Go to the Official GoMega GBPJPY Site

Click Here for a Gomega GBPJPY Review to see Gomega GBPJPY in action

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