Decided to make a quick video to show Gomega Xray in action. Xray closed the week with a balance of $6980.77, just a bit off last weeks high. However just looking at the balance is somewhat misleading, as it does not account for the many trades that are still open. I believe a more relevant number to look at, is the equity balance, this is currently up to $8059.24. After all, if I were to manually closed out all the positions then this would then be represented in the account balance.

Unfortunately the Metatrader platform doesn’t include the equity balance detailed report chart. Including this along with the account balance, would give a far better profile for the trading performance.

In order 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 shows the end of week equity balance. The green line is a simple approximation of the equity curve. As the only equity balance data I have, comes from the detailed weekly reports Metatrader has generated and I’ve only been generating those at the end of each week. It would be great if a plugin were available for Metatrader that would log the equity balance and render a nice graph at the push of a button.

Notice that the red dots are not spaced evenly, this is because 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 one week. That was the week before last, which had been a very active week for Gomega Xray. During that week, the massive discrepancy between the account balance and equity balance became glaringly obvious. They were for much of the week moving in opposite directions, the account balance was declining yet the equity balance was generally significantly higher. Of course the account balance will see a decline, if trades are exited if the stop loss is hit, the equity balance includes all open trades, many of which are likely to be closing in on their profit targets. Of course when you have the software trading right in front of you, you can witness this phenomenon in action. Which is what initially motivated me to make the above video.

Also see my Gomega GBP JPY Review to see Gomega GBP JPY in action

Popularity: 61% [?]

Just a quick update to my last post. In this Gomega GBPJPY video we can see Gomega has just entered a new long position in the Pound Yen. The point at which the trade was entered is indicated by the little green arrow, the dotted green line shows the buy price and the dotted red line is the current stop loss position. Gomega GBPJPY employs a intelligent stop loss algorithm and it will move higher as the price closes in on it’s profit target. It will also move it up if the price retraces, so that this trade at the very minimum, break even.

For a in depth commentary of all the indicators shown on the Gomega GBPJPY chart, I recommend watching the very thorough video walk through by Ken Herbert, which is located here Gomega GBPJPY Under the Hood. Although the chart is full of detail and looks rather overwhelming, all the complexity of the signal analysis, is taken care of automatically by Gomega GBPJPY. However at the same time, through the indicators on the chart, you do have a window on the advanced analysis that is taking place in the background. Its kind of like the feeling you get when look under the bonnet of a high performance sports car.

You can read more on the GOmega GBPJPY AutoTrader here GoMEGA GBP JPY Review.

Popularity: 51% [?]

I’ve been been doing a forward test on the lastest Gomega GBPJPY. I setup a demo account at FXDD starting with a balance of $5000. using the exact settings as it was preset with by Quantum Research. Gomega GBPJPY only trades during the second part of the Asian market session and first part of the London session. So far it has entered 2 trades, both of which were orders to buy. As trades progress, Gomega GBPJPY intelligently modifies the stop loss, so to lock in the profit on the trade, if the market retraces before reaching the take profit setting.

The Gomega GBPJPY trades on the four hour chart and only opens new positions during an 8 hour window every day. This covers the second half of the Asian session and on to the first half of the session in London. This may seem to be very restrictive but it has proven to be the most profitable time frame and period for Autotrader to trade the Pound against the Yen.

The results so far: On the first trade, the stop loss setting was adjusted by Gomega GBPJPY as the price rose but when the market retraced, it exited the trade for an end result of zero profit and zero loss.

The next trade was very similar, however this time the market moved somewhat higher before retracing. Again the trailing stop was triggered and Gomega GBPJPY exited with a small profit.
Click Here for a Gomega GBPJPY Review and Live Results

Gomega Pound Yen has been designed to follow a strategy of consistent, steady gains, for the long run. The initial forward tests are very good and are a taste of what we can expect when trading with Gomega GBPJPY. Tomorrow I’ll be doing some back tests as well, to get a clearer picture how well Gomega GBPJPY performs. Quantum have already published live trading results from their clients who have been trading Gomega Autotrader for the past 8 months. So we already know that Gomega GBPJPY performs very well on the Pound Yen pair.

Quantum research are so confident with the profit potential of Gomega GBPJPY, that they are including a full one year profit guarantee for their clients. “At minimum, you will at least double your account size within a year or your money back”. That is an bold guarantee and shows just how extremely confident Quantum Research are with their Gomega GBPJPY. You can see the full details of the guarantee on their sales page when Gomega GBPJPY opens for sales Tuesday. In the mean time, they summarize it in their blog and in their most recent video titled “The Offer Guarantee & More“.

The only problem I have with Gomega GBPJPY is that there is only a 3 day window in which to purchase this software. I’m sure many people will learn of Gomega GBPJPY after sales have closed. However this is always the case with the Gomega automated trading software. So if you do miss out on this launch, then I strongly recommend you join my mailing list, so you don’t miss out next time. You can find more information about the GOmega GBPJPY here GoMEGA GBPJPY Review.

Popularity: 54% [?]

Is There a Secret to Retire in 4 Years?

So what is wrong with retirement? If you’ve got enough money to enjoy a sufficiently comfortable quality of life or at least to the quality of life you are accustomed to. Then retirement is great! Of course for most of us, the thought of retirement is just something in the distant future. Something to store away a little nest egg for, so we can make the most of the golden years of lives.

Wrong! In the current economic climate, retirement is probably closer than you think, and by that I mean forced early retirement. As for the nest egg you have been working so hard to accumulate. Let’s not talk about the 401K scandals, housing market crisis, credit crunch, stock market collapse, looting of investment funds, multi billion dollar bank handouts with your future tax dollars rewarding ivory league white collar (you fill in the blank). To sum it up, a complete economic meltdown. And lets not even go into who authorized tax incentives to export your work overseas.

These are some of the multitude of reasons why you may never be able to retire, fulfill your passions, follow your dreams and enjoy your life. These are all reasons why you will likely be working to the end of your days to make money for some corporation and never be able to really get ahead.

This does not have to be your reality. Your life can and should be better but its up to you to make the difference. So lets talk about how you can retire and enjoy life. And that this could be achieved in four short years from now.

Amongst all the doom and gloom around us, there is one thing you should know. Money is never destroyed, it merely changes hands. You can exchange your free time for money or you can exchange money and free your time. The biggest market for money in the world is the foreign currency exchange market or FOREX. Over US$3.2 trillion in foreign currencies from around the world change hands every business day of the week.

If only there were a way to tap into this with an automated trading system, that could profit from price variations in currencies, twenty four hours a day. Well there are many such trading systems available. The best of them can make money consistently month after month. Gomega Xray is an excellent example of a high end automated trading system.

While it is not possible to buy Gomega Xray at this time, there is another extremely valuable release coming from Quantum Research. In a week from now, Quantum Research will release a totally new version to their extremely popular GOmega Autotrader FX. This newest version of Autotrader has been named GoMega GBPJPY or Gomega (Pound Yen).

Gomega GBPJPY specializes in trading the Pound against the Yen. This pair of currencies has been very profitable for many Gomega users, some of whom have made their live trading results available to Quantum Research to publish online. Jonathan and David present a 4 Year Retirement Plan based on the compounding profits possible simply by trading on autopilot using Gomega GBPJPY from a opening balance of just $5000. At the current rate of profit, within 4 years, the account would be over $1,200,000. Hence the title, the 4 Year Retirement Plan.

Quantum meet a Gomega Autotrader client in Switzerland

Last week Ken Herbert Snr. and Jonathan Herbert of Quantum Research presented a video with one of their Swiss clients. He’d almost doubled his live trading account in 7 months, trading this currency pair and on auto-pilot with Gomega AutotraderFX.

New Pound Yen Trading Videos released by GOmega

A new video has now been released where Ken Herbert Snr and Jonathan Herbert take you the inner workings of the Gomega GBPJPY Autotrader. It’s a very interesting video and very informative for everyone considering purchasing Gomega GBPJPY or simply trading this currency pair. This video goes into great detail showing the indicators and signals Gomega GBPJPY uses in determining when to enter or exit a trade. If you are new to Forex then this may be a little intimidating, however the best part is that Gomega GBPJPY handles all this complexity for you, leaving you just to set a few parameters such as Risk per Trade, Stop Loss and Take Profit settings.

The GoMega Pound Yen Under the Hood, is a very interesting video which not only takes you under the hood but through a trading week with the Gomega GBPJPY also, I highly recommend watching it at least once if not 3 times.

Visit the GOmega Site

Click Here for my Gomega GBP JPY Review and Live Results

Popularity: 60% [?]

Its been a challenging week for my installation of Gomega Xray and I am sure for most automated Expert Advisors. I’ve had Gomega Xray trading a $5000 demo account with Alpari since the 21st of April, and it started the week with a balance of $6188. In the week it suffered a number of successive loses drawing its account balance down to well under $6000. Yet at the same time its equity balance was hovering around $7000. So even though the results looked bad but at the same time 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 factors is the cross currencies strength for each currency pair being traded. This is one of the factors that gives Gomega an edge when calculating whether to open a new position. However it is a 2 edged sword. So when the market direction changes and 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 right side of a market movement, the result being multiple giant wins in a row.

This is precisely how last weeks trading had been. Gomega found itself on the incorrect side of the market movement a few times as well as having some positions that were spiked out by major news events. Those news events without doubt had sent a cascade of stop losses rippling across the markets. Maybe a great oppurtunity for the dedicated manual trader? However notwithstanding this, Gomega was still in the trade on many positions since the start of the week and earlier. And as the Euro continued to strengthen throughout the week, Gomega’s equity position continued to grow, though its balance was down.

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

While the weeks trading failed to produce a pleasant smooth balance curve, the final result is still extremely inspiring. If only Metatrader were able to show an equity curve that included the equity balance, it’d be better to visualize the real progress of the trading through the week. Another limitation of the chart s produced by Metatrader are that the horizontal axis is constructed on a trade by trade basis rather than a fixed unit of time. So the end result is a somewhat distorted view.
Click here for the latest on the Gomega AutoTrader Live Trading Results

Popularity: 47% [?]

Trading currency exchange is one technique to beat the recession, but you have to know some critical facts or you might lose more than you make. Though there are fortunes to be made, not everyone is a winner. Over Xmas I heard of a family friend who for a period of time had been trading for fun and profit. Putting away a clean sum on a consistent basis. However that changed suddenly due to the upheaval in the Forex markets. He not only lost his shirt but his home and the family farm too! Incredibly he is sort of philosophical about it is dealing with it all very well considering. More information on the Gridbot System

Naturally this should never have occurred, particularly to someone as experienced as he was. So what truly went wrong? Quite simply he became greedy, trading by the no longer trading by a system. He wasn’t running stop losses and when he had a chain of bad trades he just poured more money to try and win back what he lost. In brief, he was no longer trading he was betting, he let his emotions take over and had lost his edge. He was no longer trading by a winning system but more like a craps player who just doubles his bets on every loss. This is precisely the way not to trade Forex.

This is just one of the many areas where a Forex Robot has an edge over most human traders. They trade by a system and they don’t get emotional. A good robot can recognise and adapt to any market condition and trade suitably. It can pick the best time to open and exit a trade, setup a stop loss to attenuate risk and even recognise when not to trade. It is during times of high volatility that massive profits are made by the best traders. However there’s small margin for error when you are trading the forex markets. Having the right tools and trading system for the conditions is what differentiates the winners from the losers. The two important tools for day traders, are Expert Advisors Forex Robots and Signal Generators. Sometimes called push button trading, a signal generator tells you when to buy or sell. They don’t trade for you. This is fine in a fairly stable market where price changes are less and more likely to be following a trend. However in a volatile market, quick response time can make the difference between many winning trades or a loss. This is where automated trading comes in. Often referred to as foreign exchange trading robots, these are advanced PC programs that can make trades for you. You only have to setup your trading preferences and let it trade for you on auto-pilot. More information on the Gridbot System

GridBot is an one of the latest forex robots to be released for the Metatrader4 trading platform. Till not long ago, Expert Advisors ( EA ) were offered solely to corporate traders, large financial institutions and banks. Until the last few years, EAs were well out of reach for anybody but the most dedicated professional traders.

When I first read about the GridBot what surprised me the most was its cost. How could something that claims to deliver so much profit, sell for so little? Software as robust as this regularly costs thousands of dollars. Can an Expert Advisor in this price range truly trade profitably, absolutely on auto-pilot? Well I had my doubts, it just did not seem possible.

Here is what is claimed by the designers of GridBot.

Forex GridBot Claims
Automatically Make Money Every Day Without Doing Anything
The Forex Grid System Requires NO Knowledge of Forex
You Could Be Up and Running in 10 minutes
Advanced Money Management System
Profitable With Real Money
100% Money Back Guarantee

Those are pretty some pretty wild claims right?! I mean if FX GridBot is even capable of half of what they’re claiming, then that would be incredible!.

#1:
GridBot is a hundred percent automated trading system. This is in fact the sole way to trade Forex, unless you are a super human professional Forex trader with years of expertise, and don’t mind gazing at PC screens, day in and day out. A Forex robot trades systematically, without emotions such as fear and fear. It is these emotions that frequently forestall most human traders from being successful. However trading with a Forex robot that has proved itself to be consistently successful, not only can be profitable, it frees your time to do the things you want.

#2:
To successfully trade in the Forex market takes years of study, a methodical trading strategy, deep knowledge of technical indicators such as support, resistance levels, moving average crossovers, Fibonacci sequences, etc. the list goes on. And above all nerves of steal. You must be able to trade without emotion and possess super human powers of concentration to turn all that theory| into profitable trades. Or at least that is the way it used to be.

GridBot takes care of this for you, so you don’t have to. Its like having a veteran forex trader slaving for you enthusiastically twenty-four hours a day. Trading without emotion, putting complicated trading theory into practice. That is what PCs are for anyway, they should do all the leg work for you. You just choose your trading style and set it to start practice trading on a demo account or live trading with real money.

#3:
Yes this is definitely the case. This is the wonderful thing about automated trading. All the difficult work in coming up with the system and developing the robot has been done for you. For a one time payment you are obtaining access to years of expertise, thousands of hours of analysis and development and testing. You can literally have your robot set up and configured within minutes of downloading it and start trading a demo or live account virtually right away. Once setup, you can walk away and leave it to run on auto-pilot just about 24/7. If you are able to use a web browser to download a file and able to follow some simple instructions on how setup your GridBot Expert Advisor, then you can literally be up and running in ten mins. They’ve even included a step by step setup video which will walk thru the complete setup. It is so easy that even my grandmother would be ready to setup GridBot. More information on the Gridbot System

#4:
The Forex Grid Bot uses an exclusive Money Management system that keeps control of your profits and cashes in every time. Unlike human traders, the Advanced Money Management System or AMM system is not greedy. It knows how much to risk and when to close the trade and cash in. An advanced cash management system is what seperates the successful robots from the failures.

#5:When it comes to forex trading, at the end of the day only 1 thing matters. Is the system profitable with real money? The Forex Grid Bot team are putting their money where their mouth is. They’re running multiple live trading accounts and publishing the results daily to their website.

#6:
This makes purchasing and testing the Forex Grid Bot and easy decission, as you are covered by a full sixty day, 100% money back guarantee So you have zilch to loose and everything to gain when you try out Grid Bot.

More information on the Gridbot System

By the time I was finished playing around with Forex GridBot, I wanted to give my aching brain some rest.

Not only can the Forex GridBot track the market minute by minute and left running twenty-four hours a day seven days each week. It really learns and gets better over time. To top it off it immediately sets stop loses so that you’ll never loss your shirt on the rare occasions where it enters a losing trade. If only our family pal had been using something similar to GridBot. Well luckily with Forex GridBot he will have a second chance.
How to get the most out of Forex GridBot?
Most Forex GridBot users are going to get it all wrong and they could lose some cash. Don’t take this gently. Afterall, Forex trading can make a large amount of cash but only when done the right way, in reality it’s the only way. Get it wrong and you might lose lots of greenbacks in no time flat.

Which is why I’ve created the ultimate one time bonus for the people who want to buy Gridbot System

Popularity: 31% [?]

Quantum Research have just stated they are about to release a major update to their flagship Expert Advisor of eight months back, Gomega AutoTrader FX.
Watch the Quantum Gomega GBP/JPY Annoucement

Gomega AutoTrader FX is a very advanced EA and the forerunner to Gomega Xray. Like Gomega Xray, Autotrader FX compares all cross currency pairs as an element 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 executives 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 absolutely on auto-pilot.

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

Gomega GBP/JPY AutoTrader will no doubt inherit plenty of the streamlined features of Gomega Xray. And like all Quantum Research’s Expert Advisors the spotlight will be on delivering consistant long term gains.

You may find out more about Gomega GBP/JPY Autotrader at their official site Watch the Quantum Gomega GBP/JPY Annoucement including 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 may also view Andy’s Live Trading Statement there as well.

100% in 7 Months & 150% in five Months
In the last 7 months, Andy nearly DOUBLED his initial account size of $10,000 to $19,909.24 on complete autopilot for his live trading account, risking only 1%-1.5%.

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

One customer forward tested account starting the demo with $5,000 on October 4th, 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 find out 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://ForexRoboTrading.com.

You can see their the Quantum Gomega GBP/JPY Annoucement

Popularity: 33% [?]