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

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So how well did Gomega GBPJPY do in the back test? I ran the test across the same time period as the live results. Which start from Oct 5, 2008 through to April 10, 2009. Beginning with an account size of $5000, the Gomega GBPJPY back test finished with a closing balance of $8174 which is a gain of 63%. This compares well to the live results from Gomega clients. One client began live trading on September 2 2008 starting with a balance of $10,000. And by April 6, 2009, the balance stood at $19,909.24. A gain of 99% for the 7 months. You can see Andreas, from Switzerland, talks about his Gomega settings for trading the Pound Yen. Another client traded with a $5000 demo account over the same period which hit a closing balance of $14,608.67 by April 3, that’s a gain of 192%. And Greg Surowiec traded a live money account starting on October 5th, 2005 and by April 10 was at $12,811.01 or a gain of 156%.

Here I’ve taken the chart from the back test and superimposed it over the live result charts (Sean, Greg). I then color coded the balance curves so it would be easier to compare the results. The blue line is the live money account, the green line is the forward demo test and the orange is the back test results.
You can find more information about the GOmega GBPJPY at GoMEGA Pound Yen Review.

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