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

Technorati Tags: gomega gbp/jpy autotrader, gomega pound yen, gomega review, profit targets, trailing stops

Gomega AutoTrader FX is a very advanced EA and the forerunner to Gomega Xray.  Like Gomega Xray, Autotrader FX analyzes all cross currency pairs as part of it’s signal criteria before opening a trade. Autotrader FX was so advanced and had so many features it was perhaps more suited to professional traders and fund managers than part time traders who were looking to build a retirement fund. It could trade any currency pair and once setup it could be left to run completely on autopilot.

In the eight months since the release of Autotrader FX, Quantum’s clients have been having consistantly good results and in particular while trading the Great British Pound, Japanese Yen. This has prompted Quantum Research to produce a new version of AutoTrader FX which is optimized and dedicated to trading this currency pair. The new version has been named Gomega GBP/JPY AutoTrader.

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

You may read more about Gomega GBP/JPY Autotrader at the official website GoMega 4 Year Retirement Plan which includes a video interview in Switzerland with one of the Gomega Clients. Andy has doubled his investment in the last 6 months simply 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 5 Months

Technorati Tags: 4 year retirement plan, gomega autotrader, gomega gbp/jpy autotrader, GoMega Xray, live trading results