Forex Robo Trading

Gomega Xray results May 22nd, 2009

May 25th, 2009

It was a challenging week for my installation of Gomega Xray and I’m sure for most automated trading systems. I’ve had Gomega Xray trading a $5000 demo account at Alpari since April 21st, and it began the week with a balance of $6188. During the week it suffered a number of successive loses drawing its account balance down to well under $6000. However this is not as bad as it may seem as its equity balance was at the same time hovering around $7000.

Part of the reason for the string of losses in my opinion is Gomega Xray trades multiple currency pairs and one of the entry criteria is the cross currencies for each currency pair being traded. This is one of the factors that gives Gomega an edge when determining whether to enter a trade. However it is a two edged sword, if the market direction changes and goes against Gomega, Gomega will likely have several small losses in a row as the stop losses are triggered across several currencies. Of course the opposite is true when Gomega is on the right side of a market movement, the result being multiple big 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 couple of times as well as some positions being spiked out by major news events. Those news events no doubt had sent a cascade of stop losses rippling across the markets. Perhaps a great oppurtunity for a dedicated manual trader? However in spite of this, Gomega was still in the trade on several positions since the beginning of the week and earlier. And as the Euro continued to strengthen throughout 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 several positions it had been holding and ended the week with a balance of $7296 and equity of $7478. That’s a gain of $2296 or 45% in less than 1 month.

While the week’s trading didn’t produce a nice smooth balance curve, the end result is still very impressive. If Metatrader were able to show an equity curve that included the equity balance, it would be easier to visualize how the trading situation had progressed.

The Four Year Retirement Plan

While it is not possible to buy Gomega Xray at this time, there is another very exciting offering from Quantum Research. In a week from now they will be making available a new version of their extremely successful Gomega Autotrader FX. This newest version of Autotrader is named Gomega GBP JPY or Gomega Pound Yen, and specializes in trading the Great British Pound against the Japanese Yen. This currency pair has proven to be very profitable for Gomega clients, some of whom have made their live trading accounts available for Quantum Research to publish online. Jonathan And David present a Four Year Retirement Plan based on the compounding gains possible simply by using Gomega GBPJPY to trade on autopilot from a starting balance of just $5000. At the current rate of equity growth, within four years the balance would be over one million dollars. Hense the title, the 4 Year Retirement Plan.

Last week Ken Herbert Snr. and Jonathan Herbert of Quantum Research presented a video with one of the Swiss clients who had nearly doubled his live trading account in 7 months trading this currency pair on auto-pilot with Gomega AutotraderFX.

A new video has now been released where Ken Herbert Snr and Jonathan Herbert take you under the hood of the Gomega GBP JPY Autotrader. This is a fascinating video and very informative for anyone considering purchasing Gomega GBP/JPY or simply trading this currency pair. This video goes into great depth showing the signals and indicators Gomega GBPJPY uses in determining when to enter or exit a trade. If you are new to Forex then this may be a little intimidating, however the great part about the Gomega system is that Gomega GBP/JPY handles all the complexity for you, leaving you just to decide a few parameters such as Risk per Trade, Stop Loss and Take Profit settings.

The Gomega GBP/JPY Under the Hood, is a truly fascinating video that not only takes you under the hood but through a trading week with Gomega GBP/JPY also, and I thoroughly recommend watching it at least once if not three times.