Gomega Xray was also trading the Pound Yen and had been in the trade since the week before. Just now Gomega Xray exited its position in the GBPJPY at a profit of $704.52. Leaving it with an account balance of $7686.72 and an equity balance at $8850.

Click Here for my Gomega GBP JPY to see Gomega GBP JPY in action

Technorati Tags: exiting a trade, gbp jpy, gbpjpy review, gomega pound yen, gomega review, GoMega Xray, live rsults, live trading, pound yen

It is unfortunate that the Metatrader platform isn’t able to include the equity balance detailed report chart. This, along with the account balance, would provide a far better representation for the trading performance.

To illustrate this point, I’ve 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, is from the detailed reports generated by Metatrader and I’ve only been generating those once per week. It would be great if there were a plugin for Metatrader that would log the equity balance at regular intervals and render a nice graph at the click of a button.

You will notice the red dots are not spaced evenly, as Metatrader plots the x axis on a per position closed scale, not on a constant time scale. So the distance between the dot 5 and 6 from the left, is just one week. That is the week before last, which had been a very active week for Gomega Xray. During that week, the large disparity between the account balance and equity balance became glearingly obvious. While the account balance was in decline for much of the week, the equity balance was flux but generally rose. 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 trades, many of which are likely to be closing in on their profit targets. Of course with Xray trading right in front of you, you can see this phenominon in action. Which is what motivated me to make the latest video.

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

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Part of the explanation behind the string of losses in my opinion is Gomega Xray trades multiple currency pairs and one of the entry standards is the cross currencies strength for each of the pairs being traded. This is one of the factors that gives Gomega an edge when determining whether to enter a trade. However it is a two edged sword. If the market direction changes and goes against Gomega, Gomega will likely have many tiny losses in a row as the stop losses are triggered. Naturally the opposite is true when Gomega is on the correct side of a market swing, the result being many giant wins in a row.

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

By the end of the week, Gomega had closed out many positions it had been holding and finished 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 did not produce a pleasant smooth balance curve, the final result is still extremely inspiring. If only Metatrader were in a position to show an equity curve that included the equity balance, it would be better to visualise the real progress of the trading through the week. Another limitation of the Metatrader charts are that the horizontal axis is constructed on a closing trades basis rather than a fixed unit of time. So the end result is a somewhat distorted view.
Follow along here for latest Quantum Gomega Xray Live Trading Results

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1. Entry

Gomega Xray trade entry triggered

Notice the space between the stop loss and the entry gives this trade masses of room. The Take Profit target is 450 pips and the Reward / Risk ratio is five, that means the stop loss is ninety pips. Based mostly on a 1% risk factor, the position size for the trade is .05. As you can see, the stop loss keeps you in the trade, even if there are retracements and reversals.

2. Wide Initial Stop Loss

Gomega Xray wide initial stop loss.

Don’t forget, the mission is to get to the target or exit with a 1% loss. Liquidation of half Position to fasten in First Profit and Concurrent Stop Loss Tightening. At about that point, we zoom out to see the 1st half of our position is liquidated.

3. Liquidation of Half of Position to Lock in Initial Profit and Simultaneous Stop Loss Tightening

Liquidation of Half of Position to Lock in Initial Profit

Our FractionProfit setting is 0.6 and our Take Profit target is 450 pips, meaning that at 0.6 times 450, or three hundred pips, it’s time to take some profit. At the same time , the stop loss moves to break-even plus thirty pips. Liquidation of twelve Position to fasten in 1st Profit. The second twelve our position was closed out at the 450-pip profit level. In the total, we basically made a gain of 4% of our account.

4. Exit at Profit Target

Gomega Xray exit strategy at profit target

As you can see from the chart below, it takes disciplined hands-off trading to get to the profit target. Our position was closed out at the 450-pip profit level.

It is only fair to warn you that the doors will close on Gomega Xray at Midnight, Thursday March 26th (Pacific Time, USA) to be exact. Visit the Official GoMega Xray site now

Gomega is the premier hands free automated forex trading suite from Quantum Research. With each release Gomega just keeps getting better and better, going from strength to strength. Becoming more profitable, more automated and easier to use. However the price continues to rise accordingly. The good news is that once you purchase Gomega, you become part of a privileged group who not only receive unlimited expert support in setting up and trading with Gomega, you also receive all future updates and releases free of charge.

Just released on the Gomega site are some more examples of Gomega in action.

Gomega Xray 30 Min pairs made 278% profit in one year

Gomega Xray 1 hour pairs made 492% profit in one year

Gomega Xray in brief:

* True Hands-Free, Brain-Free and Emotion-Free Forex Trading
* Unequaled Support * All Future Updates at no additional cost
* They guarantee you’ll make money or will refund the full price (conditions do apply, such as you must setup Gomega according to  their instructions and actually trade with it, either on a demo or live account.)

Technorati Tags: fractional profit, hands off trading, profit target, stop loss

“Based on the number of requests we’ve received today after taking the XRay order site offline at midnight last night, we’ve decided to re-deploy the release of Gomega XRay this Tuesday – Thursday.

If you’ve been following us any length of time, you know that we’ve never offered an extension of the release deadline before. But, after discussing this at length with my business partners, here’s why we’ve decided to make an exception in this case:…” read more

So if you missed out last week then you still have a chance to acquire Gomega before it’s only available to high end investors, hedge fund and money managers.

There’s always a chance they’ll one day release a lite version that ordinary people can afford. Or perhaps the next time it is offered to the general public it will be still in the lower 5 figures. It seems the choice is get Gomega now or be prepared to pay up to $50,000 if it’s ever available again. Since it is covered by a 3 month money back guarantee (see details here) the choice would seem to be obvious.

Technorati Tags: expert advisor, forex automation, hedge-fund managers, reopens, XRay

Trading Forex has always been the restricted to major banks and large financial institutions however along with the rise of the world wide web and the appearance of forex brokers able to provide online trading accounts. Trading Forex via internet has become a new way to make money from home.

While trading foreign exchange can be very lucrative it also comes with the real risk, requiring a high level of knowledge and skill. However the rise in home trading has fostered the developement of affordable, automated forex trading oftware running on everyday home PCs using broadband.

Commonly refered to as expert advisors or forex robots. An expert advisor is normally plugin that runs within the trading platform known as MT4. Many foreign exchange brokers today allow clients to trade currencies via the MT4 platform. The concept behind the expert advisor is to make detailed analysis on trends and currency movements and buy and sell on autopilot without the need of human invention. With this level of automation it’s no longer necesary to have detailed knowledge, eduction or experience, in order to be successful trading foreign exchange. Most forex robots include step by step guides so users are able to make a start with minimum effort allowing traders to start test trading almost within minutes of downloading the expert advisor.

When I first learned about FAP Turbo what shocked me the most was its price. How could something that claims to deliver so much, possibly sell for so little? Software as advanced as FAP Turbo would have cost thousands of dollars a few short years ago. Can this affordable expert advisor really trade profitably when put against giant institutions and their armies of professional traders? It doesn’t seem possible except that technology continues to march forward and the internet is changing everything about how we do business.

Get my full review of the FAP Turbo and exclusive bonus, please be sure to check out my website. This bonus is limited to the first 20 people to use my link to download this fabulous Forex trading robot for themselves.

A recent entry into Forex automation is the scalping robot Forex Maestro which incorporates a scalping method using CIM or Counter-Initive Movement. Due to its consistant performance as a scalper it has quickly become very popular among forex online traders. The Forex Meastro Scalping setting is very profitable. In spite of the fact that the take profit value is very small, the the scalper setting is exceedingly profitable. You can literally double your account in just a few weeks, even with the most conservative settings of the software.

Here’s a quick run down on the Forex Maestro robot. This is a scalper expert advisor. It has been designed to trade on the USD/CHF USD/CAD EUR/USD EUR/GBP currency pairs. This is very active expert advisor and it trades frequently throughout the day. It exploits a unique strategy refered to as counter intuitive trading. When the trend moves against it, it will place additional trades to increase its profit when the movement reverses. This strategy can produce strings of winning trades a very short time. This can also be a somewhat risky strategy. During a large swings against it, can result in large draw downs. This would not be a expert advisor you should use live, unless you have adequately tested it on a demo account, under exactly how it will trade in any situation, and have carefully chosen your stop loss value.

Be sure to do full testing of your expert advisor, back test and run it with a demo account first prior to using it live.

For those seeking something slower paced there is a high end forex expert advisor that follows a minimal risk, maximum profit long term trading strategy you should chekcout GOMega Xray from Quantum Research. This Expert Advisor will be available for 3 days only from March 19th to the 21st 2009. Even though GOmega Xray is a creme ale creme automated Expert Advisor, Quantum Research have released detailed information on how to find a good broker and why your choice of broker is important when trading fx GOMega Xray review

Stay tuned for a more detailed review of Gomega Xray.

Technorati Tags: fapturbo, fapturbo review, finding a forex broker, forex maestro review, GoMega Xray, metatrader4, mt4

Once GOmega closes, no one knows if or when it will be available again. We do know, if a new & even more powerful version is released to the public, it will cost no less than $10K.

The smart choice would be to purchase Gomega Xray now! You get immediate access to the most powerful, fully automated, hands free, intraday trading system available. You will also be getting in at less than half the future price, with free upgrades to all future versions.

Visit the Official Website Now

Automated, Hands-Free Intraday Trading System

Technorati Tags: automated trading system, expert advisor, forex robot, gomega, gomega review, intraday trading system, last minute

Today is your last chance to supercharge your trading while freeing up your time with Gomega Xray

Only  Three Two One Day Left!

March 21st. will be your last oppurtunity to purchase Gomega Xray

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If you haven’t already visited the official sales page, then I highly recommend you do so now. There is a currently a wealth of information there, charts and numerous testimonials from happy Gomega users.

Detailed GOmega Information and testimonials
http://gomegareview.com/GoMegaXray

Go Here for My full GOmega Xray Review
http://gomegareview.com/gomegaxrayreview/

Exclusive Bonuses

I am happy to offer the following bonuses to the first five two people to buy Gomega Xray through my link. http://gomegareview.com/GoMegaXray

When you buy Gomega Xray through my link, you’ll not only receive everything you need to get started immediately. From step by step, quick start videos, and direct email personal phone support direct with the developers and their in house GOmega experts. Plus it doesn’t end there either, they include unlimited support for life. Including free access to their impressive forex trading knowledge base and expertise. Unlimited training, live webinars and free upgrades to all future versions of GOmega. When you buy GOmega it’s as if you’ve joined their family.

I will also send you a copy of 2 books, one of which has launched more millionaires, than any other book ever printed.

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This trading masterpiece has been fully updated to address all the concerns of today’s market environment. With substantial new material, this second edition features
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To secure your this bonuses, you need to clear your “browser cookies” and order Gomega Xray using this link.

Official Order Page

Total Automation Forex Trading Suite

True Set and Forget Technology
Trade Profitably Trade on Auto Pilot With:

This EA is the latest thoroughbred in their line of high end automated systems. Beginning with Forex ProfitPro AutoTrader, which automated buy, sell, stop, target and exit order execution. Through to Gomega TraderFX with included a plethora of advanced analysis components with even more push and play technology for deeper market analysis, advance strategies, profit targets and risk management. Now Quantum Research are bringing us Gomega Xray.

Technorati Tags: exclusive bonus, Gomega Xray Bonuses, Trade Your Way to Financial Freedom

Quantum Research have just released their much sort after GOMEGA XRAY

Only Three Two Days Remain

Gomega Xray will be snapped up by a lucky few traders from March 19th to March 21st. After that, it may never be released again to the general public.

Go Straight to the Official Site

Read Our Full Review Here

• Automatic Entries

• Automatic Targets

• Automatic Stop Losses

• Automatic Profit Targets

• Automatic Exits

• Automatic Money/Risk Management

• Automatic Position Sizing

• Automatic Order Execution

Download Gomega Xray Now

Xray represents the latest thoroughbred in their line of high end automated expert advisors. Beginning with Forex ProfitPro AutoTrader, which automated buy, sell, stop, target and exit order execution. Through to Gomega TraderFX array of sophisticated analytical features and even more push button technology and deeper market analysis, advance strategies, profit targets and risk management. The total automation advancement continues with Gomega Xray by Quantum Research.

True Set and Forget Technology

Total Automation Forex Trading Suite

Technorati Tags: gomega bonus, gomega review, GoMega Xray, Gomega Xray hands free intraday trading

Register for GOMEGA Xray Now

GOmega XRay Feature Sumary:

• The GOMEGA is actually and Expert Advisor program. What it does is it installs itself seamlessly onto the MT4 type platform. The MT4 then takes the Expert Advisor or GOMEGA and it operates according to the rules set forth during the initial setup

• Enhanced money management system integraeing both profit target optimum position size caculations. The risk/reward ratio.

• Proprietary indicators that work behind the scenes to avoid side-ways moving markets while allowing the leverage you need to stay in trades without being unnecessarily ‘whip-sawed’ out.

• A profit capture feature designed to lock in profits. XRay liquidates half the position size when the profit target reaches a certain percentage. At this point, stop loss is reduced and the remaining half of the trade continues to run until the target is reached, or the trade is stopped out.

• GOmega XRay monitors the markets all the time they are open, so that you don’t need to.

• The Gomega will operate exclusively on a MT4 type platform. There are dozens of brokerages available online today that offer and support the free MT4 download. And the great thing about the MT4 is that it also offers a free data feed. There are also a number of brokerages that also offer a fractional PIP as well as market order platforms, and the GOmega will work with all of those as well.

You can find a more in depth review of Gomega Xray here Gomega Xray Review, including the top main frequently asked question by forex traders wanting to trade with Quantum Research’s Gomega Xray. Get on the announcement list for the Xray launch before March 19th, 2009. Spots are limited and the doorx will close on March 22nd. Don’t miss this oppurnity start trading with what might be the worlds advanced Forex Expert advisors.

Register for GOMEGA Xray Now

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