I’ve been forward testing the new Gomega Pound Yen since Tuesday last week. And it has proven to be very consistent at anticipating the market direction on trades it has entered, is was however exited early when the market retraced 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 having entered its position the week before. Just now Gomega Xray exited its position in the Pound Yen at a profit of $704.52. Leaving it with an account balance of $7686.72 and an equity balance of $8850.

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

Technorati Tags: exiting a trade, gbp jpy, gbpjpy, gbpjpy review, gomega gbpjpy, gomega pound yen, gomega review, GOMEGA Xray, live rsults, live trading, pound yen

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.

So 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.
You can read more about the GOmega GBPJPY AutoTrader here GoMEGA Pound Yen Review.

Technorati Tags: back tests, expert advisor, forex profits, gomega gbpjpy, gomega profits, gomega results, gomega users, Live Results, live trading

Just thought I’d make a brief video showing Gomega Xray in action. Gomega Xray closed the week with a balance of $6980.77, which is a little off last weeks high. However to just look at the balance is quite misleading, as there are many trades that are still open. I believe a more relevant number to look at, is the equity balance, which currently stands up to $8059.24. After all, if I were to manually exit all the trades then this would would then be represented in the account balance.

Unfortunately the Metatrader platform isn’t able to include the equity balance in it’s chart for the detailed report. This, along with the account balance, would give a significantly better profile of the trading performance.

In order to illustrate this point, I’ve 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, is from the detailed weekly reports Metatrader has generated and I’ve only been producing those once per week. It would be nice if a plugin were available for Metatrader that could log the equity balance and render a detailed graph at the push of a button.

Notice the red dots are not evenly spaced, as Metatrader plots the horizontal axis on a per closed trade scale, not on a linear time scale. So the distance between the dot 5 and 6 from the left, is just one week. That is the week before last week, which was a very active week for Gomega Xray. It was during that week, that the large disparity between the account balance and equity balance became abundantly clear. They were for much of the week moving in opposite directions, the account balance was falling yet the equity balance was generally significantly higher. Of course the account balance will see a decline, if trades are exited at the stop loss value, 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 motivated me to make the above video.

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

Technorati Tags: account balance, equity balance, GOMEGA Xray, metatrader, profit targets

Here’s a quick update to my previous post. In this Gomega GBPJPY video you can see a trade in action, Gomega GBPJPY has just opened a new long position in the Pound Yen. The little green arrow shows the point at which the trade was opened, the dashed green line shows the buy price and the dashed red line is the current stop loss position. Gomega GBPJPY employs a intelligent stop loss algorithm and it will move upwards as the price approaches the profit target. It will also move it up if the price retraces, so this trade will break even at the very minimum.

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, this can be found here Gomega GBPJPY Under the Hood. Although the chart is very detailed and and is somewhat intimidating, all the complexity of analyzing the various signals, is handled 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 tests, gomega review, profit target, trailing stops

Since Tuesday I’ve been running a forward test on the latest Gomega GBPJPY. I setup a demo account at Forex brokers FXDD starting with a 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 market session and first part of the London session. So far it has opened 2 trades, both were orders to buy. As trades progress, Gomega intelligently modifies the stop loss.

The Gomega Pound Yen trades on the 4 hour time frame and only opens new positions during an eight hour window every day. This covers the second half of the Asian session through to the first half of the session in London. This may seem to be very limited but it has proven to be the most profitable time frame and period to trade the Pound against the Yen with Gomega Autotrader.

The results so far: With the first trade, Gomega adjusted the trailing stop as the price rose but when the market retraced, it exited the trade at zero gain and zero loss.

The second trade was very similar, however this time the market moved somewhat higher before falling back. Again the trailing stop was triggered and Gomega exited with a small profit.

Gomega GBPJPY has been designed on a principle of steady, consistant gains, over the long term. The results of the forward test are so far are very good and indicative of what we can expect from trading with Gomega GBPJPY. Tomorrow I’ll also begin 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 for the past 8 months. So we already know that Gomega performs very well on the Pound Yen pair.

Quantum research are so confident with the profit potential of Gomega GBPJPY, they have announced 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 impressive guarantee and just goes to show how supremely confident Quantum Research are with 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 Tuesday. In the mean time, you can see them announce this in the video “The Offer Guarantee & More“.

The only problem I have with Gomega GBPJPY is that there is only a 3 day window in which to purchase this software. I’m sure many people will learn of Gomega GBPJPY after sales have closed. However this is always the case with the Gomega automated trading software. So if you do miss out on this launch, then I highly recommend you get on my VIP notification list, so you don’t miss out next time.

Technorati Tags: gomega forward tesing, gomega gbpjpy, gomega gbpjpy review, modifying stop loss, profit target

What is Wrong with Retirement?

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

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 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

Technorati Tags: four year retirement plan, gbpjpy autotrader review, gomega review, gomega users, live trading with gomega

Quantum Research have just announced they’re about to release a major update to their flagship EA of 8 months ago, Gomega AutoTrader FX.
See the the Gomega Pound Yen Video

Gomega AutoTrader FX is a very advanced EA and the forerunner to Gomega Xray. Like Gomega Xray, Autotrader FX compares all cross currency pairs as a part of it’s signal generation before opening a trade. Autotrader FX was so sophisticated and had so many features it was perhaps more fitted to professional traders and fund managers than part time traders who were looking to build a retirement fund. It is able to trade any currency pair and once setup it is possible let it run absolutely on auto-pilot.

In the 8 months since the release of Autotrader FX, Quantum’s clients have been having consistantly good results and in particular while trading the Pound / JPY. This has inspired Quantum Research to provide a new version of AutoTrader FX that has been optimized for and dedicated to trading this currency pair. The new member of the Gomega family has been named Gomega GBP/JPY AutoTrader.

Gomega GBP/JPY AutoTrader will no doubt inherit many of the streamlined features of Gomega Xray. And like all Quantum Research’s EAs the focus will be on producing consistant long term gains.

You can find out more about Gomega GBP/JPY Autotrader at their official web site See the the Gomega Pound Yen Video which has a video interview in Switzerland with one of their Gomega Clients. Andy has doubled his investment in the last 6 months just by trading the Pound Yen currency pair with Gomega Autotrader FX. You can also view Andy’s Live Trading Statement there as well.

100% in 7 Months & 150% in five Months
In the last 7 months, Andy virtually DOUBLED his initial account size of $10,000 to $19,909.24 on complete autopilot in his live trading account, risking no more than 1%-1.5%.

Another Gomega GBPJPY live trading client, started off with a $5,000 account on Oct 5th, 2008 and as of Apr 10th, 2009 his account had grown to $12,811 or approximately 150% profit in just over five months.

One client forward tested account beginning the demo with $5,000 on October 4, 2008 and ran the test till Apr 3rd, 2009. His account made just about 200% profit in 6 months with the account balance at $14,608. This was using the advised settings and with 1% risk per trade, left to run on auto-pilot.

You can view these results and find out more about the release of Gomega GBP/JPY AutoTrader here. Gomega GBP/JPY AutoTrader

Find out more about Gomega Pound Yen at my review site http://gomegareview.com

You can see their the Gomega Pound Yen Video

Technorati Tags: Gomega Autotrader FX, gomega gbp jpy, Gomega GBP/JPY Autotrader, quantum gomega

GOmega Xray – Doors Close Soon!

Once GOmega closes, no one knows if or when it will be available again. We do know, if a new & even more powerful version is released to the public, it will cost no less than $10K.

The smart choice would be to purchase Gomega Xray now! You get immediate access to the most powerful, fully automated, hands free, intraday trading system available. You will also be getting in at less than half the future price, with free upgrades to all future versions.

Visit the Official Website Now

Automated, Hands-Free Intraday Trading System

Technorati Tags: Automated, automated trading system, expert advisor, forex robot, gomega, gomega review, Hands-Free Intraday Trading System, intraday trading system

GOMEGA XRAY IS NOW LIVE!

Only Three Two Days Remain!!!

Quantum Research have just released their highly anticipated Forex trading system

Gomega Xray will be snapped up by a number of astute traders from March 19th to March 21st. After that, it may never be released again to the general public.

Read Our Full Review Here

Or Go Straight to the Official Site

• Automatic Entries

• Automatic Targets

• Automatic Stop Losses

• Automatic Profit Targets

• Automatic Exits

• Automatic Money/Risk Management

• Automatic Position Sizing

• Automatic Order Execution

Download Gomega Xray Now

This EA represents the latest expert advisor in their line of high end automated expert advisors. Starting with Forex ProfitPro AutoTrader, which automated buy, sell, stop, target and exit order execution. Through to Gomega TraderFX with included a plethora of sophisticated analytical components with even more push button technology and deeper market analytics, advance strategies, profit targets and risk management. The advancement continues with Gomega Xray by Quantum Research.

GOmega Xray is different from previous versions in several distinct ways:

1) Gomega Xray is designed around the philosophy of get rich slowly. Xray was created to make slow, but steady gains employing a loose stop loss, smaller position size, and higher Reward/Risk ratio. In this way, it’s a bit like buying options. You know your risk and your potential return ahead of time, but you may have to wait a while to realize the rewards.

2) In addition to a Profit Target, the system also features a unique profit to risk calculation.

3) In the system, your profit goal and return to risk ratio are integrated into the system’s position sizing algorithm.

Take a $5,000 account, risking 1% of the balance, 300-pip profit target, R/R ratio 3.5:1 yields an 86-pip stop loss and a position size of .06 lots calculated automatically.

4) The system calculates the relative strength of both currencies against all crosses of both currencies for the pair you are trading, and filters entries based on this information.

5) The system tests volatility in two distinct ways, combining standard deviation and average true range into the Market Pulse indicator, to identifies areas where market activity is heating up and trends may be in motion.

6) The system distinguishes between "random" movements in the market and trending movement through its proprietary Randomness Indicator.

7) Automatic scaling out – when a predetermined fraction of the profit target is reached, Xray will liquidate half of the trade’s position size.

The system does not have as many parameters. Most are fixed or limited to a narrow range.

9) The system can be traded continuously

10) An optional trailing stop loss is included among the system’s strategies.

The combination of these components makes the system an awesome forex trading EA.

Total Automation Forex Trading Suite

Trade Profitably Trade on Auto Pilot

Technorati Tags: automated forex trading, Expert Advisors, forex trading, fund management, gomega xray report, metatrader4

Geomega Xray – What has changed since AutotraderFX?

Gomega Xray will be available to a lucky few trader on March 19th 2009 for just 3 days.

Xray is the latest thoroughbred in their line of high end automated systems. Starting with Forex Profit Pro AutoTrader which automated buy, sell, stop, target and exit order execution. Through to Gomega TraderFX with included a plethora of advanced analysis features and even more push and play technology for deeper market analytics, advance strategies, profit targets and risk management. Now Quantum Reasearch are bringing us Gomega Xray.

What does GOmega XRay improve over the previous Gomega Autotrader version?

1) Gomega Xray is designed around the philosophy of get rich slowly. Employing a loose stop loss and smaller position size, resulting in higher return to risk ratios. In this way, trading forex becomes similar to buying options. Before you begin you already know the risk and potential return, but you may have to wait a while to realize the rewards.

2) In addition to a Profit Target, GOmega Xray also features a unique profit to risk calculation.

3) In GOmega Xray, your profit goal and return to risk ratio are intergrated into GOmega Xray’s position sizing algorithm.

Example: $5,000 account, risking 1% of the balance, 300-pip profit target, R/R ratio 3.5:1 yields an 86-pip stop loss and a position size of .06 lots automatically calculated.

4) The system compares the relative strength of both currencies across every cross of both currencies for the pair you are trading, and filters entries according to this data.

5) The system tests volatility with two independent methods, combining standard deviation and average true range into the Market Pulse indicator, which identifies areas where market activity is picking up and trends may be under way.

6) The system identifies "random" movements in the market and trending movement through its proprietary Randomness Indicator.

7) Automatic scaling out – if a predetermined fraction of the profit target is attained, Xray will liquidate half of it’s position is the trade.

The system does not have as many parameters. Many are limited in range or fixed.

9) You can trade with GOmega Xray 24/7

10) An optional trailing stop loss is included among GOmega Xray’s strategies.

These components when combined make GOmega Xray a formidable trading EA.

To get the GOMEGA Xray for more information

Download the GOMEGA Xray Report Now

FOREX is an acronym frequently used to name the foreign exchange market, also commonly called ‘Forex’ and ‘retail forex’ or ‘FX’ or ‘Spot FX’ and sometimes simply ‘Spot’.
Getting started in the Forex business is very easy requiring almost nothing. This is one of the reasons Forex is such a popular home business. Add to that its impunity to the current world financial crisis and you have a viable home business opportunity. I recommend that you first start out with a demo account while you get familiar with internet trading with metarader4 platform and expert advisor such as GOmega Xray from Quantum Research.

Technorati Tags: Gomega Autotrader FX, GOMEGA Xray