I’ve been forward testing the new Gomega GBP/JPY since early last week. And although it has been very consistent at picking the current market trends on trades it has entered, it was unfortunately exited early when the market backtracked before continuing its advance. Leaving it in a net position of $45.76 profit for the 3 days it traded.

Gomega Xray was also trading the Pound Yen and had been in the trade since the week before. Just now Gomega Xray exited its position in the GBP JPY at a profit of $704.52. Sending the account balance to $7686.72 and an equity balance at $8850.

Click Here for a Gomega GBP JPY to see Gomega GBP JPY in action

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Just thought I’d make a brief video to show Gomega Xray in action. Xray closed the week with a balance of $6980.77, just a bit down from its high of last week. However to just look at the balance is quite misleading, as there are many trades that are still open. I believe the more relevant number to look at, is the current equity balance, which is currently at $8059.24. Of course, if I were to have manually closed out all the trades, this would be the approximate account balance.

Unfortunately the Metatrader platform isn’t able to include the equity balance in it’s chart for the detailed report. This, along with the account balance, would give a far better profile for the trading performance.

In order to illustrate this point, I decided to plot the equity balance onto the account balance chart. Each red dot shows the end of week equity balance. The green line is simply to illustrate an approximate equity balance curve. As the only equity balance data I have, comes from the detailed reports generated by Metatrader and I’ve only been producing those at the end of each week. It would be nice if a plugin were available for Metatrader that could log the equity balance at regular intervals and draw a detailed graph with the push of a button.

Notice the red dots are not evenly spaced, as Metatrader plots the horizontal axis on a per closed trade scale, not on a constant time scale. So the distance between the dot 5 and 6 from the left, represents just 1 week. That is the week before last, which had been a very active week for Gomega Xray. During that week, the massive disparity between the account balance and equity balance became abundantly clear. 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 positions, many of which are likely to be closing in on their profit targets. Of course when you have the sofware trading right in front of you, you can witness this phenomenon in action. Which is what initially motivated me to make the latest video.

Click Here for my Gomega GBPJPY Review to see Gomega GBPJPY in action

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It was a interesting week for Gomega Xray forward tests and perhaps for most automated Expert Advisors. I have had Gomega Xray trading a $5000 demo account with Alpari since April 21st, and it commenced the week with a balance of $6188. During the week it suffered a number of successive loses drawing its account balance down to way under $6000. However this is not as bad as it may appear as its equity balance was at the same time hovering around $7000. So on the one hand the results didn’t look so good at first, it was in a very good position overall.

Part of the explanation for the string of losses in my view is Gomega Xray trades multiple currency pairs and one of the entry standards is the cross currencies strength for each of the pairs being traded. So if the market direction changes or goes against Gomega, Gomega will possibly have many tiny losses in a row as the stop losses are triggered. Naturally the opposite is true when Gomega is on the correct side of a market swing, the result being many big wins in a row.

This is exactly how last weeks trading had been. Gomega found itself on the incorrect side of the market movement a couple of times as well as having some positions that were peaked out by major news events. Those news events without doubt had sent a cascade of stop losses rippling across the markets. Perhaps a great oppurtunity for the dedicated manual trader? However in spite of 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 throughout the week, Gomega’s equity position continued to grow, even though its balance was down.

By the Friday afternoon, Gomega had closed out many positions it had been holding and ended the week with a balance of $7296 and equity of $7478. Overall that’s a gain of $2296 or 45% in less than one month.

While the weeks trading didn’t produce a nice smooth balance curve, the final result is still extremely inspiring. If only Metatrader were in a position to show an equity curve that encompassed the equity balance, it would be better to visualise the real progress of the trading through the week. Another limitation of the Metatrader charts are that the horizontal axis is constructed on a closing trades basis rather than a fixed unit of time. So the end result is a somewhat distorted view.
Click here for the latest on Quantum Gomega Live Trading Results

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A quick step through an automated trade with Gomega Xray to get feel for how Gomega operates

1. Entry

Gomega Xray trade entry triggered

Within the purple rectangle, at the moment the trade was triggered, all of the entry conditions were met. Notice that the distance between the stop loss and the entry gives this trade plenty of room. The Take Profit target is 450 pips and the Reward/Risk ratio is 5, which means that the stop loss is 90 pips. Based on a 1% risk factor, the position size for the trade is .05.

2. Wide Initial Stop Loss

Gomega Xray wide initial stop loss.

As you can see, the stop loss keeps you in the trade, even when there are retracements and reversals. Remember, the mission is to reach the target or exit with a 1% loss.

3. Liquidation of Half of Position to Lock in Initial Profit and Simultaneous Stop Loss Tightening

Liquidation of Half of Position to Lock in Initial Profit

At this point, we zoom out to see that the first half of our position is liquidated. Ourr FractionProfit setting is 0.6 and our Take Profit target is 450 pips, which means that at 0.6 times 450, or 300 pips, it’s time to take some profit. Simultaneously, the stop loss moves to break-even plus 30 pips.

4. Exit at Profit Target

Gomega Xray exit strategy at profit target

The second half of our position was closed out at the 450-pip profit level. In the aggregate, we made a gain of 4% of our account. As you can see from the chart below, it takes disciplined hands-off trading to reach the profit target.

It is only fair to warn you that the doors will close on Gomega Xray at Midnight, Thursday March 26th (Pacific Time, USA) to be exact.

Visit the Official GoMega Xray site now 

Gomega is the premier hands free automated forex trading suite from Quantum Research. With each release Gomega just keeps getting better and better, going from strength to strength. Becoming more profitable, more automated and easier to use. However the price continues to rise accordingly. The good news is that once you purchase Gomega, you become part of a privileged group who not only receive unlimited expert support in setting up and trading with Gomega, you also receive all future updates and releases free of charge.

Just released on the Gomega site are some more examples of Gomega in action.

Gomega Xray 30 Min pairs made 278% profit in one year

Gomega Xray 1 hour pairs made 492% profit in one year

Gomega Xray in brief:

    * True Hands-Free, Brain-Free and Emotion-Free Forex Trading
    * Unequaled Support * All Future Updates at no additional cost
    * They guarantee you’ll make money or will refund the full price (conditions do apply, such as you must setup Gomega according to  their instructions and actually trade with it, either on a demo or live account.)

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XRay Reopens Tuesday - Thursday This Week

You can read the full Gomega XRay press release here - GOmega Update Report

"Based on the number of requests we’ve received today after taking the XRay order site offline at midnight last night, we’ve decided to re-deploy the release of Gomega XRay this Tuesday - Thursday.

If you’ve been following us any length of time, you know that we’ve never offered an extension of the release deadline before. But, after discussing this at length with my business partners, here’s why we’ve decided to make an exception in this case:

1. We’ve received dozens of emails today from folks saying that they just found out about the Gomega XRay release but they had no way of calling us over the weekend to get any last minute questions answered (since our staff work only Monday - Friday).

2. Many people receive their email communication from us at work only and following up with placing an order over the weekend has been challenging.

3. Thirdly, we feel it’s fair to inform you that this is most likely the LAST RELEASE of our autotrade software to the general public. If we do re-release it to the general public at a later point, the price tag will be no less than $10,000.

The reason this is likely going to be our last release is that over the past several months we’ve been approached by several high-net individuals and organizations that have been using our software. It is their opinion that we are grossly UNDERVALUING our trading system and they are prepared to partner with us in the near future in offering it to select groups of very high-net, sophisticated investors for as much as $50,000…." read more

If you were one of the unlucky ones who couldn’t order then you still have a chance to acquire Gomega before it’s only available to high-net, sophisticated investors, hedge fund and money managers.

There is small chance they’ll one day release a lite version that under 10K. Or perhaps the next time it is offered to the general public it may be still in the lower 5 figures. It seems the choice is get Gomega now or be prepared to pay up to $50,000 if it’s ever available again. Since it is covered by a 3 month money back guarantee (see details here) the choice would seem to be obvious.

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GOmega Xray Sales Will Close Very Soon

Once GOmega closes, no one knows if or when it will be available again. We do know, if a new & even more powerful version is released to the public, it will cost no less than $10K.

The smart choice would be to purchase Gomega Xray now! You get immediate access to the most powerful, fully automated, hands free, intraday trading system available. You will also be getting in at less than half the future price, with free upgrades to all future versions.

Visit the Official Website Now

Automated, Hands-Free Intraday Trading System

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GOMEGA XRAY IS NOW LIVE!

Only Three Two Days Remain

Quantum Research have just released their much anticipated flagship, GOMEGA XRAY

Xray will be snapped up by a lucky few traders from March 19th to March 21st. After that, it may never be released again to the general public.

Read Our Full Review Here

Or Go Straight to the Official Site

Automatic Entries

Automatic Targets

Automatic Stop Losses

Automatic Profit Targets

Automatic Exits

Automatic Money/Risk Management

Automatic Position Sizing

Automatic Order Execution

Download Gomega Xray Now

Xray represents the latest expert advisor in their line of high end automated systems. Starting with Forex ProfitPro AutoTrader, which automated buy, sell, stop, target and exit order execution. Through to Gomega TraderFX array of advanced analysis components with even more push button technology for deeper market analytics, advance strategies, profit targets and risk management. The total automation advancement continues with Gomega Xray by Quantum Reasearch.

True Set and Forget Technology

Trade Profitably Trade on Auto Pilot

Only Three Two Days Remain

Total Automation Forex Trading Suite

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GOmega Xray Trading Strategies Report

Quantum Research are soon to release Gomega Xray.

The system is the latest thoroughbred in their line of high end automated expert advisors. Starting with Forex Profit Pro AutoTrader which automated buy, sell, stop, target and exit order execution. Through to Gomega TraderFX array of advanced analysis components and even more push and play technology for deeper market analysis, advance strategies, profit targets and risk management. Now Quantum Reasearch are bringing us Gomega Xray.

GOmega Xray is different from earlier versions in several distinct ways:

1) Gomega Xray is designed around the philosophy of get rich slowly. Employing a loose stop loss and smaller position size than previous versions of Gomega, resulting in higher return to risk ratios. In this way, it’s a bit like buying options. You know your risk and your potential return ahead of time, even if you must wait a while to realize the rewards.

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

3) With the system, your profit target and return to risk ratio are intergrated into the system’s algorithm that calculates position size.

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 automatically calculated.

4) The system calculates the comparative strength of each currency against every cross of each currency for the pair you are trading, then filters entries according to that data.

5) The system measures volatility using two independent methods, combining standard deviation and average true range into the Market Pulse indicator, to identifies areas where market action is picking up and trends may be under way.

6) The system distinguishes between "random" movements in the market and trending movement through its proprietary Randomness Indicator.

7) Automatic scaling out - if a predetermined percentage of the target is reached, Xray will liquidate 50% of it’s position is the trade.

The system does not have as many parameters. Many are fixed or limited to a narrow range.

9) The system can be traded continuously

10) An optional trailing stop loss is included among the system’s strategies.

The combination of these components makes the system a formidable forex trading EA.

Secure your copy MT4 EA for more information

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 even 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. Most importantly not affected by the current world financial crisis and you have a viable home business opportunity. Most will suggest that you first start out with a demo account while you get to know trading online using metarader4 platform and expert advisor such as GOmega Xray from Quantum Research.

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