GOmega XRay

The back tests on Gomega were good but the live results are even better. I’m not a big believer in back testing, simply because the amount of data available for the EA to work on, is minimal at just around 1% to 2% of the real time live tick data. Even when using the 1 minute time frame as the data source, each tick is an average of the 50 to 100 ticks that may have existed in real time. In other words, back tests are poor facsimiles of live trading.

So how well did Gomega GBPJPY perform in the back test? The test was run across the same time period as the live results. Which is from Oct 5, 2008 through to April 10, 2009. Starting with an account size of $5000, the Gomega GBPJPY back test completed with a closing balance of $8174 which is a 63% gain. This compares well with the live results from Gomega clients. One client began live trading on Sept 2nd 2008 starting with a balance of $10,000. And by April 6, 2009, the balance stood at $19,909.24. A gain of 99% in just 7 months. You can see Andreas, from Switzerland, talk about his experience trading with Gomega and the settings he uses for trading the GBPJPY. Another client ran a $5000 demo account over the same period and it hit a closing balance of $14,608.67 by April 3, which is a gain of 192%. And another client traded a live money account starting with $5000 beginning in October 5th, 2005 and by April 10 it had reached $12,811.01 or a gain of 156%.

Here I’ve taken the chart from the back test and superimposed it over the live result charts (Sean, Greg). I’ve color coded the balance curves so it would be easier to compare the results. The blue line is the live money account, the green line is the forward demo test and the brown is the from the back test.
You can find more information about the GOmega GBPJPY here Gomega GBPJPY Review.

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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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Quantum Research have just related they’re about to release a major update to their flagship EA of eight months back, Gomega AutoTrader FX.
Watch the Quantum Gomega GBP/JPY Live Trading Results here

Gomega AutoTrader FX is an especially sophisticated EA and the forerunner to Gomega Xray. Like Gomega Xray, Autotrader FX incorporates all cross currency pairs as part of it’s signal generation before opening a trade. Autotrader FX was so advanced and had so many features it was perhaps more fitted to professional traders and fund managers than part time traders who were looking to build a retirement fund. It is able to trade any currency pair and once setup it is possible let it run totally on auto-pilot.

In the eight months since the release of Autotrader FX, Quantum’s clients have been having consistantly good results and in particular while trading the British Pound, Yen. This has pushed Quantum Research to supply a new version of AutoTrader FX that has been optimized for and devoted to trading this currency pair. The new member of the Quantum family has been named Gomega GBP/JPY AutoTrader.

Gomega GBP/JPY AutoTrader will without doubt inherit plenty of the streamlined features of Gomega Xray. And like all Quantum Research’s EAs the spotlight will be on producing consistant long term gains.

You can find out more about Gomega GBP/JPY Autotrader at their official site Watch the Quantum Gomega GBP/JPY Live Trading Results here which has a video interview in Switzerland with one of their Gomega Clients. Andy has doubled his investment in the last six months just by trading the Pound Yen currency pair with Gomega Autotrader FX. You can also view Andy’s Live Trading Statement there as well.

100% in 7 Months & 150% in five Months
In the last 7 months, Andy just about DOUBLED his initial account size of $10,000 to $19,909.24 on complete autopilot for his live trading account, risking no more than 1%-1.5%.

Another Gomega GBPJPY live trading customer, started with a $5,000 account on Oct 5th, 2008 and as of Apr 10th, 2009 his account had grown to $12,811 or approximately 150% profit in just over five months.

One client forward tested account starting the demo with $5,000 on October 4, 2008 and ran the test until April 3, 2009. His account made nearly 200% profit in six months with the account balance at $14,608. This was using the advised settings and with 1% risk per trade, left to run on auto-pilot.

You can view these results and discover more about the release of Gomega GBP/JPY AutoTrader here. Gomega GBP/JPY AutoTrader

Find out more about Gomega Pound Yen at my review site http://gomegareview.com

You can watch the the Quantum Gomega GBP/JPY Live Trading Results here

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