GoMega GBPJPY Tests Continue
Here’s a quick update to my last post. In this Gomega GBPJPY video we can see a trade in action, Gomega has just opened a new long position in the Pound Yen. The point at which the trade was opened is indicated by the little green arrow, the dotted green line indicates the buy price and the dotted red line is the current stop loss position. Gomega GBPJPY uses a intelligent stop loss algorithm and it will move upwards as the price closes in on the profit target. It will also move it up if the price falls, so this trade will at very least, break even.
For a detailed explanation of all the indicators displayed on the Gomega GBPJPY chart, I recommend seeing the very thorough video walk through by Quantum Research, which can be found here Gomega GBPJPY Under the Hood. Although the chart is very detailed and looks rather intimidating, all the complexity of analyzing the various signals, is taken care of automatically by Gomega GBPJPY. Not with standing, through the indicators on the chart, you do have a window on the advanced analysis that is taking place in the background. It gives you the feeling you are looking under the hood of a high performance sports car.
