Forex Robo Trading

As a Gomega Xray client, today I received a complimentary copy of Gomega GPJPY. Like a kid who has just received a brand new bicycle for Xmas (or in this case a Jaguar), I wasted no time getting it ready for road testing. 

Gomega GPJPY trades the Pound Yen currency pair on the 4 hour time frame. It trades during an eight hour entry window that covers the second part of the Asian trading session and the first part of the London session.

Installation was a breeze, it couldn’t be easier. Simply run the installer, enter your license details and you’re away.

Again I’ve installed this on the Metatrader4 platform I downloaded from  Forex broker, FXDD. However you could run this with any up to date Metatrader4 and any broker of your choice.

The only parameters you need to setup are:
Profit Target: I left this at the default setting of 500 PIPs for my initial forward testing.
Percent of Equity to Risk: I’ve left this at the default setting of 1%.
Modify Initial Stop Loss: Again I left this at the default setting of “True”. This will allow Gomega GPJPY to intelligently modify the stop loss throughout the trades, so it can lock in profits.

All systems are go, and just waiting for the second half of the Asian session to begin and Gomega GPJPY will spring into action. I’ll be posting regular updates. Stay tuned.