Just 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 little green arrow indicates the point at which the trade was opened, the dotted green line shows the buy price and the dotted red line is the current stop loss position. Gomega GBPJPY uses a smart stop loss algorithm, which 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 at the very minimum, break even.
For a detailed commentary of all the indicators shown on the Gomega GBPJPY chart, I recommend seeing the full video walk through by Quantum Research, this can be found here Gomega GBPJPY Under the Hood. Although the chart is full of detail and looks rather overwhelming, all the complexity of analyzing the various signals, is handled automatically by Gomega GBPJPY. However at the same time, by looking at the chart indicators, you do have a window on the advanced analysis that is taking place in the background. You get the feeling you are looking under the hood of a high performance sports car.
Mail this post
Tags: automated forex trading, forward testing, Gomega GBPJPY, gomega video, opened trade, profit target, smart stop loss, trailing stop
Leave a Reply