I was just reading through the Gomega GBPJPY FAQ PDF file which you can download from the sales page. And the following caught my attention.

“If I’m a past client, do I get a discount?“

“If you’re a past FXPP AutoTrader or Gomega AutoTrader client, then you will receive the new Gomega at no additional cost.
If you are a client from any of our other products, you qualify for a discount. Contact us for more details on that at ….”

So my question is, would this policy apply when the new version of Xray becomes available? By that I mean, if you are already a Gomega client at the time that the new version of Xray is released, would you have access to it and at a discount? (Remember of course it may not be released to the general public, but I’m sure it would be available to all new clients.)

While I can’t answer that question myself, it certainly is something to consider and something to ask the Gomega sales about before the doors close on Gomega GBPJPY.

All I can say is that Gomega support is second to none and they are very generous to their clients. When you buy Gomega, it is as if you have joined their family.

So if you were to purchase Gomega GBPJPY, not only would you be getting a fund manager grade automated trading system today, you’d also be getting a foot in the door to priority access on all future software including Gomega Xray.

In my opinion, that is an oppurtunity not to miss out on.

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Just thought I’d make a quick video to show Gomega Xray in action. Gomega Xray closed the week with a balance of $6980.77, which is slightly off its high of last week. However just looking at balance is somewhat misleading, as there are many trades that were still open at the close of trading for the week. I believe the more relevant number to look at, is the equity balance, which currently stands at $8059.24. After all, if I were to have manually closed out all the trades then this would be the approximate account balance.

It is unfortunate that the Metatrader platform isn’t able to include the equity balance in it’s detailed report. This, along with the account balance, would give a much better representation of the trading performance.

To illustrate my point I’ve decided to plot onto the chart produced by Metatrader, the equity balance at the end of each week. Each red dot represents the current equity balance at the end of each week. The green line is simply to illustrate an approximate equity balance curve. Of course the only equity balance data I have, is from the detailed reports Metatrader has generated and I’ve only been generating those once per week. It would be nice if there were a plugin for Metatrader that could log the equity balance and produce a nice graph with the click of a button.

You will notice that the red dots are not evenly spaced, this is because Metatrader plots the horizontal axis on a per trade closed scale, not on a unified time scale. So the distance between the 5th and 6th red dot 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 massive disparity between the account balance and the equity balance became glaringly obvious. While the account balance was in decline for much of the week, the equity balance was flux but generally rising. Which would suggest the equity balance is a fairly good indicator of the future account position. This also makes sense as the equity balance includes the current open trades, many of which are likely to be closing in on their profit targets.

Of course having Gomega Xray trading right in front of you, its easy to see this phenomenon in action. Which is what initially motivated me to make the above video.

Technorati Tags: account balance, equity balance, GoMega Xray, metatrader, profit maximization, profit targets, stop loss, trailing stoploss, win rate

This has prompted me into extending my testing. Currently Gomega is running on a demo account at Alpari. However Quantum Research recommend FXDD as the broker where Gomega performs best. As Gomega has been performing so well, I have been considering testing Gomega both with and without a trailing stop. So I’ve decided to setup 2 new demo accounts with FXDD. These again will be configured with the default settings. And I’ll start publishing the first results this weekend.

So now there will be 3 Gomega demo accounts to follow.

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Its also been a good week for Forex Megadroid. This may be an inexpensive robot but it trades like a robot ten times the price.Full report and results for the week coming after trading finishes tomorrow.

A new Robot arrived on the scene just this week called The Forex Magic Machine. While the name may sound a little corny, what’s in a name? The important question is: Can it deliver? The only way to find this out is to put it through a full set of tests.So the Forex Magic Machine will be added to the mix next week with a fresh demo account to begin some forward testing.

You can see the official Forex Magic Machine website here. As is the case with many Forex robots, Magic Machine comes with a full 60 day money back guarantee so if you can’t hold on long enough to see my results, just pick it up right now completely risk free.

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This will cover everything from my choice of hardware to run the system on, the initial setup, through to ongoing forward testing with weekly updates on results, using recommended settings and eventually custom tweaks once I have become thoroughly familiar with the software.

This is going to be a big project and you are welcome to add comments, questions and suggestions over the weeks and months ahead as the tests continue.

Technorati Tags: forward testing, GoMega Xray, intraday trading, setup

Download the Secret GOMEGA Xray Report Now

GOMEGA Xray – Top 5 Frequently Asked Questions 1. Will the GOMEGA Operate on a MT4 type platform? "The Gomega will operate exclusively on a MT4 type platform. There are dozens of brokerages available online today that offer and support the free MT4 download. And the great thing about the MT4 is that it also offers a free data feed. There are also a number of brokerages that also offer a fractional PIP as well as market order platforms, and the GOmega will work with all of those as well." What is the MT4 Platform? "The MT4 Platform is simply the interface on which we see the incoming data that turns into price quotes for the incoming currency prices. And its also the place where we place our orders as well as track the orders that are in motion. So its simply the operating platform or the interface that users apply GOMEGA to and are able to interact with the trading. Brokerages supply that platform for us and that is how we interact with them." 2. Is the System Completely Automated? "I’m not sure if we’ve been able to express this enough. The GOMEGA is truely an automated program. Once you download the software and after the initial setup of opening the currencies that you want to trade and inputting the parameters for those currencies. You simply set the GOMEGA in motion and you walk away. You don’t have to do anything else. You can observe your trading from time to time but no further interaction is needed on your part. From time to time we will offer updates or new news on strategies and we’re happy to share those with our customers and that will require a little more input on your side. But other than that, the GOMEGA is a completely automated program and its going to allow your trading to simply run on its own and free your time." And all they do is a simple install file to put that GOMEGA program onto that MT4 platform? "That’s right. The GOMEGA is actually and Expert Advisor program. What it does is it installs itself seamlessly onto the MT4 type platform. The MT4 then takes the Expert Advisor or GOMEGA and it operates according to the rules set forth during the initial setup." 3. How will the licensing work? "People want to know. Will the GOMEGA be able to operate on more than one computer? The short answer to that is no. The long answer is yes and no, let me explain. The security features we offer with the licsensing, means that you can only operate the GOMEGA on one computer or more specifically one computer at a time. If you do choose to download the GOMEGA onto a second computer, the GOMEGA will only operate on one computer at a time. Unfortunately they won’t be able to run the GOMEGA on two computers simutaniously. So we do prefer it that our customers run it on one home based computer with a dedicated power and a decated internet connection." 4. Will there be recommendations? "People are kind of currious about the setup that we keep talking about and want to know. Are we going to have recommendations for what currencies to trade and what should those settings for those currencies. And the answer to that is. Absolutely! Of course we’re going to have a lot of research put into the currencies that we choose, and the parameters that we choose to run them at. We want to make sure that we have empowered our customers with as much information as they need to get the system up and running and trade successfully. So we will have plenty of setup guides as well as training materials and more information than you can shake a stick at, just to make sure our customers have all the info’ they need to really get this product working for them." 5. What kind of support can you expect after purchasing the GOMEGA product? "We’re happy to say that we have unlimited support available to all of our customers. And that includes phone calls, emails, live webinars and even one on one coaching that myself and our customer support staff are happy to offer. That support never runs out, that support is unlimited and we’re happy to work with all of our customers to make sure that they’re all getting the most success that they can out of our program."

Download the Secret GOMEGA Xray Report Now

This awesome Forex Robot will only be available for 3 days. Doors will open on March 19 2009 and close on March 21st. If you miss out this time it will be months before you can get in again and the price will be significantly higher. Lock your savings and take advantage of their lifetime free upgrades and support. For more in see our GOMEGA Xray Review

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