GOmega Xray Report
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.
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