Just a quick update to my previous post. In this Gomega GBPJPY video you can see a trade in action, Gomega has just entered a new long position in the Pound Yen. The little green arrow shows the point at which the trade was opened, the dotted green line is set at the buy price and the dotted red line is the current stop loss position. Gomega GBPJPY uses a smart stop loss algorithm and it will move higher as the price closes in on the profit target. It will also move it up if the price falls, so that this trade will break even at the very minimum.
For a full commentary of all the indicators displayed on the Gomega GBPJPY chart, I recommend seeing the full video walk through by Quantum Research, which is located here Gomega GBPJPY Under the Hood. Although the chart is full of detail and looks rather intimidating, all the complexity of the signal analysis, is handled automatically by Gomega GBPJPY. Not with standing, through the indicators on the chart, you have a window on the advanced analysis that is taking place in the background. Its kind of like the feeling you get when look under the hood of a high performance sports car.
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