Forex Robo Trading

Posts Tagged ‘stop loss’

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

Why You Can’t Retire In 4 Years!

So what’s wrong with retiring? If you have enough money to enjoy a pleasant lifestyle or at least maintain the standard of living you have become accustomed to. Then retirement is great! Of course for most of us, the thought of retiring is just something in the distant future. Something to store away a little nest egg for, so we can enjoy the golden years of lives.

Wrong! In the current economic environment, retirement may be closer than you think, forced early retirement that is. As for that nest egg you have been working so hard to build up. Let’s not talk about the 401K scandals, housing market crash, credit crunch, stock market collapse, looting of investment funds, trillion dollar bank bailouts with your future tax dollars to reward ivory league white collar (you fill in the blank). To sum it up, the general economic meltdown. And lets not even go into who authorized corporate subsidies to export your job to China.

These are just some of the multitude of reasons why you will probably never be able to retire, fulfill your passions, follow your dreams and enjoy your life. These are all reasons why you end up working to the end of your days to make money for someone else or perhaps worse.

This doesn’t have to be your reality. Your life can and should be different but its up to you to make the difference. So lets talk about why you could retire and enjoy life. And that this could be achieved within just 4 short years.

In all the doom and gloom around us, there is one thing you should know. Money is never destroyed, it simply changes hands. You can exchange your free time for money or you can exchange money and free your time. The biggest money market in the world is the foreign currency exchange market (FOREX). Trillions of dollars in foreign currencies from around the world change hands every business day of the week.

If only there was a way to take part in the Forex market using an automated system, that could profit from price changes in currencies, twenty four hours a day. Well there are many such trading systems that do just that. The best of them can make money consistently over time. One such example of the excellent automated Forex trading system is Gomega GBPJPY.

Gomega GBPJPY is dedicated to trading the Great British Pound Yen, currency pair. This currency pair has been very profitable for many Gomega owners, some of whom have made their live trading accounts available for Quantum Research to publish online. Jonathan and David present a 4 Year Retirement Plan based on the compounding gains possible just by trading on autopilot using Gomega GBPJPY with a opening balance of just $5000. At the current rate of profit, within four years, the balance would be over $1,200,000. Which is why they are calling this the 4 Year Retirement Plan.

Technorati Tags: gbpjpy, gomega autorader, profit factor, risk per trade, stop loss, under the hood