This has prompted me into extending my testing. Currently Gomega is running on a demo account at Alpari. However Quantum Research recommend FXDD as the broker where Gomega performs best. As I have been wanting to test Gomega both with and without a trailing stop, I’ve decided to setup 2 new demo accounts with FXDD. These again will be configured with the default settings. And I’ll start publishing the first results this weekend.

So now there will be 3 Gomega demo accounts to follow.

Technorati Tags: demo account, gomega forward tests, trailing stops

Gomega Xray put in a solid performance on totally hands free, and managed to increase the equity by about 16% in the last week.
Currently Gomega is trading with the default settings on a Alpari demo account. Starting with a balance of $5000 almost 3 weeks ago, it ended last week with a balance of $5802.

It would appear that Gomega performs very well when the market is trending strongly. Of course it had a few losing trades as well, some of which had been strongly in profit but didn’t quite make the “take profit” threshold before the market’s direction turned. I’m considering starting a second demo account which would run the default settings but with trailing stops. It would be interesting to compare the performance against the current setup which has no trailing stops, just a standard stop loss. Gomega’s performance so far has been very good in terms of overall profit. Very impressive.

Technorati Tags: demo account, gomega xray forward tests, live testing