Part of the explanation for the string of losses in my view is Gomega Xray trades multiple currency pairs and one of the entry factors is the cross currencies strength for each currency pair being traded. So when the market direction changes and goes against Gomega, Gomega will possibly have many tiny 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 multiple enormous wins in a row.

This is exactly how last weeks trading had been. Gomega found itself on the wrong side of the market movement a few times as well as having some positions that were spiked out by major news events. Those news events without doubt had sent a cascade of stop losses rippling across the markets. Maybe a great oppurtunity for a dedicated manual trader? However notwithstanding this, Gomega was still in the trade on many 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 end of the week, Gomega had closed out many positions it had been holding and finished the week with a balance of $7296 and equity of $7478. So that was a gain of $2296 or 45% in less than 1 month.

While the weeks trading did not produce a nice smooth balance curve, the end result is still really impressive. If Metatrader were able to show an equity curve that encompassed the equity balance, it would be better to visualize how the trading situation had progressed. Another limitation of the chart s produced by Metatrader are that the horizontal axis is constructed on a trade by trade basis rather than a fixed unit of time. So the end result is a somewhat distorted view.
Follow along with my latest Quantum Gomega Live Trading Results

Technorati Tags: equity positon, gomega forward tests, metatrader, trading results

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

This expert advisor represents the latest expert advisor 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. The total automation advancement continues with Gomega Xray by Quantum Research.

How is Gomega XRay different from the previous Gomega Autotrader version?

1) Xray is not a get rich quick robot but rather employs a get rich slowly approach. Xray was created to make slow, but steady gains employing a loose stop loss, smaller position size, and higher Reward/Risk ratio. In that sense, trading forex becomes similar to buying options. Before you begin you already know the risk and expected return, but you may have to wait a while to reap the profits.

2) Profit targets are just one aspect, the system includes a reward to risk component.

3) In the system, your profit target and return to risk ratio are intergrated 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) GOmega Xray calculates the relative strength of both currencies against every cross of both currencies in the pair you are trading, and filters entries based on this information.

5) GOmega Xray tests volatility in two distinct ways, combining standard deviation and average true range into the Market Pulse indicator, to identifies areas of the market where action is heating up and trends may be under way.

6) GOmega Xray through it’s Randomness Indicator distinguishes between trending and random market movement.

7) Automatic scaling out – when a predefined fraction of the target is attained, Xray will liquidate 50% of the trade’s position size.

GOmega Xray has less parameters. Most are fixed or limited to a narrow range.

9) You can trade with the system continuously

10) Xray strategy options include a trailing stop loss.

These components when combined make the system a formidable trading expert advisor.

Secure your copy Gomega Xray report Get on the announcement list. This is by private invitation only.

FOREX is an acronym frequently used to refer to the foreign exchange market, sometimes called ‘Forex’ and ‘retail forex’ or ‘FX’ or ‘Spot FX’ and sometimes just ‘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 not affected by the current world financial crisis and you have an exciting home business opportunity. Many recommend that you first start out with a demo account while you get familiar with internet trading using metarader4 platform and expert advisor such as GOmega Xray from Quantum Research.

Technorati Tags: advanced forex ea, gomega xray announcement, private invitation, profit risk management, trading results