Forex Grid Robot

Archive for May, 2009

Just thought I’d make a quick video showing Gomega Xray in action. Gomega Xray closed the week with a balance of $6980.77, which is a little down from its high of last week. However just looking at the balance is quite misleading, as there are many trades that were still open at the close of trading for the week. I believe a more relevant number to look at, is the current equity balance, which currently stands at $8059.24. After all, if I were to have manually exit all the positions, this would would then be represented in the account balance.

It is unfortunate that the Metatrader platform isn’t able to include the equity balance in it’s chart for the detailed report. This, along with the account balance, would provide a significantly better profile of the trading performance.

To illustrate my point, I’ve decided to plot onto the chart produced by Metatrader, the equity balance at the end of each week. Each red dot represents the current equity balance at the end of each week. The green line is simply to illustrate an approximate equity balance curve. Of course the only equity balance data I have, is from the detailed weekly reports generated by Metatrader and I’ve only been producing those once per week. It would be nice if a plugin were available for Metatrader that could log the equity balance and produce a detailed graph with the push of a button.

You will notice the red dots are not evenly spaced, this is because Metatrader plots the x axis on a per closed trade scale, not on a unified time scale. So the distance between the 5th and 6th red dot from the left, is just 1 week. That was the week before last week, which was a very active week for Gomega Xray. During that week, the large discrepency between the account balance and the equity balance became abundently clear. While the account balance fell 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 positions, many of which are likely to be closing in on their profit targets. Of course when you have the sofware trading right in front of you, you can see this phenominon in action. Which is what initially motivated me to make the above video.

Click Here for my Gomega GBPJPY Review to see Gomega GBPJPY in action

Here’s a quick update to my previous post. In this Gomega GBPJPY video you can see a trade in action, Gomega GBPJPY has just entered 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 employs a intelligent stop loss algorithm, which it will move upwards as the price closes in on it’s profit target. It will also move it up if the price retraces, so that this trade will break even at the very minimum.

For a full commentary of all the indicators displayed on the Gomega GBPJPY chart, I recommend watching the full video walk through by Ken Herbert, which can be found here Gomega GBPJPY Under the Hood. Although the chart is very detailed and and is somewhat intimidating, all the complexity of the signal analysis, is handled automatically by Gomega GBPJPY. Not with standing, by looking at the chart indicators, you have a window on the advanced analysis that is taking place in the background. Its kind of like the feeling you get when look under the hood of a high performance sports car.

You can read more on the Gomega GBP JPY at GoMEGA GBPJPY Review.

Since Tuesday I’ve been been doing a forward test on the new Gomega GBPJPY. I setup a demo account at FXDD starting with a balance of $5000. using the exact settings as it was preset by Quantum Research. Gomega GBPJPY only trades during the second part of the Asian market session and first part of the London session. So far it has entered 2 positions, both of which were buy orders. During the progress of the trades, Gomega GBPJPY intelligently modifies the stop loss.

The Gomega GBP JPY trades on the 4 hour chart and only opens new positions during an eight hour window every day. This begins with the second half of the Asian session and on to the first half of the session in London. This may seem to be quite restrictive but it has proven to be the most profitable time frame and period to trade the Pound Yen with Gomega Autotrader.

The results so far: On the opening trade, the stop loss setting was adjusted by Gomega GBPJPY as the price rose but when the market price, it exited the trade at zero profit and nothing lost.

The next trade was very similar, however this time the market moved somewhat higher before falling back. Once again the Gomega GBPJPY adjusted the stop loss and this time exited with a small profit.
Click Here for a Gomega GBP JPY Review to see Gomega GBP JPY in action

Gomega Pound Yen is designed on a principle of consistent, steady gains, for the long term. The initial forward tests are very good and indicative of what we can expect when trading with Gomega GBPJPY. Shortly I’ll be running some back tests as well, to get a clearer picture how well Gomega GBPJPY performs. Quantum have already published live trading results from their clients who have been trading Gomega Autotrader over the past 8 months. So we already know that Gomega GBPJPY performs very well on the Pound Yen pair.

Quantum research are so confident with the profit potential of Gomega GBPJPY, that they have announced a full one year profit guarantee for their clients. Essentially they are guaranteeing that Gomega GBPJPY will at least double your account balance over a one year period, or they will refund the full purchase price of the software. That is an bold guarantee and just goes to show how supremely confident Quantum Research are with their Gomega GBPJPY. You can see the full details of the guarantee on their sales page when Gomega GBPJPY opens for sales next Monday at midnight. In the mean time, they summarize it in their blog and in their most recent video titled “The Offer Guarantee & More“.

The only problem I have with Gomega GBPJPY is that there is only a 3 day window in which to purchase this software. I’m sure many people will discover Gomega GBPJPY after the sales period closes. However this is always the case with the Gomega automated trading software. So if you do miss out on this launch, then I strongly recommend you join my mailing list, to be sure you don’t miss out next time. You can read more about the GOmega GBP JPY here GOmega GBP JPY Review.

Is There a Secret to Retiring in 4 Years?

So what’s wrong with retirement? If you’ve got enough money to enjoy a sufficiently comfortable quality of life or at least to the quality of life you are accustomed to. Then retirement is great! Of course for most of us, the idea of retirement is just something in the distant future. Something to store away a little nest egg for, so we can make the most of the golden years of lives.

Wrong! In the current economic environment, retirement may be closer than you think, forced early retirement that is. As for the nest egg you have been working so hard to accumulate. Let’s not get into the 401K scandals, housing market crash, credit crunch, stock market collapse, looting of investment funds, trillion dollar bank bailouts with your future tax dollars to reward well connected white collar (I’ll let you fill in the blank). To sum it up, the general economic meltdown. And lets not even go into who authorized corporate subsidies to export your work to China.

These are all reasons why you will probably never be able to retire and enjoy your life, follow your passions and fulfill your dreams. These are all reasons why you end up working to the end of your days to make money for someone else and never be able to really get ahead.

This does not have to be your reality. Your life can and should be different but its up to you to make the choice. So lets talk about how you could retire and enjoy life. And that you could do so in 4 short years from now.

In all the doom and gloom around us, there is one thing you should know. Money is never destroyed, it simply changes hands. You can exchange your time for money or you can exchange money and FREE YOUR TIME. The biggest money market in the world is the foreign currency exchange market (FOREX). Trillions of dollars in foreign currencies from around the world change hands every business day of the week.

If only there was a way to tap into this using an automated trading system, that was capable of profiting from price changes in currencies, day and night. Well there are many automated trading systems available. And the best of them do make money consistently month after month. One such example of an excellent automated Forex trading system is Gomega Xray.

While it is not possible to purchase Xray any longer, there is another extremely exciting offering from the creators of Gomega. In a week from now, they will release a new version to their very popular GOmega Autotrader FX. This newest version of Autotrader has been named GoMega GBPJPY or (Pound Yen).

Gomega GBPJPY specializes in trading the Pound Yen, currency pair. This currency pair has been very profitable for Gomega clients, some have even made their live trading accounts available for Quantum Research to publish online. Jonathan and David present a Four Year Retirement Plan based on the compounding profits possible simply by using Gomega GBPJPY to trade on autopilot from a starting balance of just $5000. At the current rate of profit, within four years, the account would be over $1,200,000. Hence the title, the 4 Year Retirement Plan.

Quantum meet a Swiss Gomega Autotrader client in Switzerland

Last week Ken Herbert Snr. and Jonathan Herbert of Quantum Research released a video with one of their clients who lives in Switzerland, who had almost doubled the balance on his live trading account in seven months, trading the GBP/YEN currency pair and on auto-pilot with Gomega AutotraderFX.

More Pound Yen Trading Videos released by GOmega

Another video is now available where Quantum take you under the hood of Gomega GBPJPY Autotrader. It’s a very interesting video and essential viewing for anyone considering investing in Gomega GBPJPY or simply trading this currency pair. The video goes into great depth showing the indicators and signals Gomega GBPJPY uses in determining when to open or close a trade. If you are new to Forex then this may be a little intimidating, however the best part is that Gomega GBPJPY takes care of all this complexity for you, leaving you just to decide a few inputs for example Risk per Trade, Stop Loss and Take Profit preference.

The GoMega GBPJPY Under the Hood, is a truly fascinating video that not only takes you under the hood but through a trading week with the Gomega GBPJPY as well, I thoroughly recommend watching it at least once if not three times.

See the GoMega GBPJPY Website

Click Here for a Gomega GBP JPY Review to see Gomega GBP JPY in action

It was a interesting week for my installation of Gomega Xray and perhaps for many automated EAs. I’ve had Gomega Xray trading a $5000 demo account with Alpari since April 21st, and it began the week with a balance of $6188. During the week it took a number of successive loses drawing its account balance down to well under $6000. Yet at the same time its equity balance was hovering around $7000. So on the one hand the results didn’t look so good at first, it was in a very good position overall.

Part of the explanation for the string of losses in my judgment is Gomega Xray trades multiple currency pairs and one of the entry standards is the cross currencies strength for each currency pair being traded. This is one of the many factors that gives Gomega the edge when determining whether to enter a new position. However this is a 2 edged sword. So if the market direction changes or goes against Gomega, Gomega will possibly have many tiny losses in a row as the stop losses are hit. Of course the opposite is true when Gomega is on the right 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 wrong side of the market movement a few times as well as some positions that were spiked out as a result of some major news events. Those news events without doubt had sent a cascade of stop losses rippling across the markets. Maybe a great oppurtunity for a dedicated manual trader? However notwithstanding this, Gomega was still in the trade on several positions since the start of the week and before. And as the Euro continued to strengthen during the week, Gomega’s equity position continued to grow, though its balance was down.

By the end of the week, Gomega had closed out several positions it had been holding and ended 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 didn’t produce a nice smooth balance curve, the final result is still really impressive. If Metatrader were able to show an equity curve that encompassed the equity balance, it would be easier to visualise how the trading situation had progressed. Another limitation of the chart s produced by Metatrader 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 GomegaGBPJPY Live Trading Results

Trading currency exchange is one strategy to beat the recession, but you should know some critical facts or you might lose more than you make. Though there are fortunes to be made, not everyone is a winner. Over Christmas I heard of a family acquaintance who for a period of time had been trading for fun and profit. Putting away a tidy sum on a consistent basis. However that changed quickly due to the upheaval in the Forex markets. Not only did he lose his shirt but his home and the family farm too! Incredibly he is quite philosophical about it is dealing with it all extraordinarily well considering. More information on the Grid Bot Trading

Of course this should never have occurred, particularly to someone as experienced as he was. So what actually went wrong? Quite simply he had become greedy, trading by the seat of his pants. He was not running stop losses and when he had a chain of bad trades he just poured more money in an attempt to win back what he lost. In brief, he was no longer trading he was gambling, he let his emotions take over and had lost his edge. No longer trading by a winning system but more like a craps player who just doubles the stakes on each loss. This is exactly the way not to trade Forex.

This is just one of the various areas where a Forex Robot has an edge over most human traders. They trade by a system and they don’t get emotional. A good robot can recognize and adapt to any market condition and trade suitably. It can pick the best time to enter and exit a trade, setup a stop loss to reduce risk and even recognise when not to trade at all. It is in periods of high volatility that massive profits are made by the best traders. However there’s almost no margin for error when you are trading the forex markets. Having the right tools and trading system for the conditions is what seperates the winners from the losers. The 2 important tools for day traders, are Expert Advisors Forex Robots and Signal Generators. Sometimes called push button trading, a signal generator tells you when to buy or sell. They do not trade for you. This is fine in a fairly stable market where price changes are less and more likely to be following a trend. However in a volatile market, rapid reaction time can make the difference between many winning trades or a loss. This is where automated trading comes in. Often referred to as foreign exchange trading robots, these are advanced PC programs that will make trades for you. You only have to setup your trading preferences and let it trade for you on auto-pilot. More information on the Grid Bot Trading

Grid Bot is an one of the most recent forex robots to be released for the Metatrader4 trading platform. Until not long ago, Expert Advisors ( EA ) were available only to money managers, large financial institutions and banks. Till the last few years, EAs were well out of reach for anybody but the most dedicated professional traders.

When I first read about the Grid Bot what surprised me the most was its cost. How could something that claims to supply so much profit, sell for so little? Software as robust as this often costs four figures and more. Can an Expert Advisor in this price range actually trade profitably, totally on auto-pilot? Well I had my doubts, it just did not appear to be possible.

Here is what’s claimed by the designers of Grid Bot.

Forex GridBot Claims
Automatically Make Money Every Day Without Doing Anything
The Forex Grid System Requires NO Knowledge of Forex
You Could Be Up and Running in 10 minutes
Advanced Money Management System
Profitable With Real Money
100% Money Back Guarantee

Those are pretty some pretty wild claims right?! I mean if FX GridBot is even capable of half of what they’re claiming, then that would be incredible!.

#1:
Grid Bot is a hundred percent automated trading system. This is in truth the only way to trade Forex, unless you are a super human professional Forex trader with years of experience, and don’t mind looking at PC screens, day in and day out. A Forex robot trades systematically, without emotions like greed and fear. It is these emotions that frequently forestall most human traders from being successful. However trading with a Forex robot which has proven itself to be consistently successful, not only can be profitable, it frees your time to do the things you want.

#2:
To successfully trade in the Forex market takes years of study, a methodical trading strategy, advanced knowledge of technical indicators such as support, resistance levels, moving average crossovers, Fibonacci sequences, etc. the list goes on. And above all nerves of steal. You have to be in a position to trade without emotion and possess super human powers of concentration to turn all that theory| into profitable trades. Or at least that is the way it used to be.

The Grid Bot looks after all of this for you, so you don’t have to. Its like having a veteran forex trader slaving for you tirelessly twenty-four hours a day. Trading without emotion, putting complex trading theory into practice. That is what PCs are for anyway, they should do all the leg work for you. You select your trading style and set it to start practice trading on a demo account or live trading with real money.

#3:
Yes this is definitely the case. This is the wonderful thing about automated trading. All the difficult work in designing the system and developing the robot has been done for you. For a one time investment you recieve access to years of experience, thousands of hours of research and development and testing. You can literally have your robot set up and configured inside mins of downloading it and start trading a demo or live account virtually right away. Once setup, you can walk away and leave it to run on auto-pilot nearly 24/7. If you are able to use a web browser to download a file and can follow some simple instructions on how setup your Grid Bot Expert Advisor, then you can literally be up and running in ten mins. They’ve even included a step by step setup video which will walk through the entire setup. It is so straightforward that even my grandmama would be ready to setup Grid Bot. More information on the Grid Bot Trading

#4:
The Forex Grid Bot uses an exclusive Money Management system that keeps control of your profits and cashes in each time. Unlike human traders, the Advanced Money Management System or AMM system doesn’t suffer from greed. It knows how much to risk and when to close the trade and cash in. An advanced cash management system is what seperates the successful robots from the failures.

#5:When it comes to forex trading, at the end of the day only 1 thing matters. Is the system profitable with real money? The Forex Grid Bot team are putting their money where their mouth is. They are running multiple live trading accounts and publishing the results daily to their website.

#6:
This makes buying and testing the Forex Grid Bot and simple decission, because you are covered by a full 60 day, a hundred percent refund guarantee So you really have zilch to loose and everything to gain when you try out Grid Bot.

More information on the Grid Bot Trading

By the time I was done playing around with Forex GridBot, I wanted to give my aching brain some rest.

Not only can the Forex GridBot follow the market minute by minute and left to run twenty-four hours a day 7 days a week. It really learns and gets better over time. To finish it off it mechanically sets stop loses so that you can never loss your shirt on the rare occasions where it enters a losing trade. If only our family buddy had been using something like GridBot. Well fortunately with Forex GridBot he’ll have a second chance.
How to get the maximum out of Forex GridBot?
Most Forex GridBot users are going to get it all wrong and they could lose some money. Do not take this gently. Afterall, Forex trading can make a large amount of money but only when done the right way, in reality it’s the only way. Get it wrong and you might lose lots of greenbacks in no time flat.

Which is why I’ve made this special one time bonus for the people who want to get Grid Bot Trading

Quantum Research have just announced they’re about to release a major update to their flagship EA of 8 months ago, Gomega AutoTrader FX.
See the Quantum Gomega Pound Yen Video

Gomega AutoTrader FX is an especially sophisticated EA and the forerunner to Gomega Xray. Like Gomega Xray, Autotrader FX analyzes all cross currency pairs as part of it’s signal generation before opening a trade. Autotrader FX was so powerful and had so many features it was maybe better fitted to professional traders and fund managers than part time traders who were looking to build a retirement fund. It is able to trade any currency pair and once setup it could be left to run absolutely on auto-pilot.

In the 8 months since the release of Autotrader FX, Quantum’s clients have been having consistantly good results and in particular while trading the GBP / Yen. This has pushed Quantum Research to supply a new version of AutoTrader FX which is optimized for and dedicated to trading this currency pair. The latest member of the Gomega family has been named Gomega GBP/JPY AutoTrader.

Gomega GBP/JPY AutoTrader will without doubt inherit many of the streamlined features of Gomega Xray. And like all Quantum Research’s EAs the spotlight will be on producing consistant long term gains.

You may read more about Gomega GBP/JPY Autotrader at the official web site See the Quantum Gomega Pound Yen Video including 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 five Months
In the last 7 months, Andy virtually DOUBLED his initial account size of $10,000 to $19,909.24 on complete autopilot in his live trading account, risking no more than 1%-1.5%.

Another Gomega GBPJPY live trading client, started off with a $5,000 account on Oct 5, 2008 and as of Apr 10th, 2009 his account had grown to $12,811 or approximately 150% profit in slightly over five months.

One client forward tested account starting the demo with $5,000 on October 4th, 2008 and ran the test until April 3, 2009. His account made almost 200% profit in 6 months with the account balance at $14,608. This was using the recommended settings and with 1% risk per trade, left to run on auto-pilot.

You can view these results and discover more about the release of Gomega GBP/JPY AutoTrader here. Gomega GBP/JPY AutoTrader

Find out more about Gomega Pound Yen at my review site http://ForexRoboTrading.com.

You can see their Quantum Gomega Pound Yen Video

Forex GridBot is a new robot you are certain to hear a lot about over the approaching weeks and months. These are some bits from their sales page. The Forex GridBot knows precisely when to make a profit the chips and move on, and when not to trade.

All of the other Currency exchange androids out there trade twenty-four / 7. They get greedy and after some wins they finish up going BUST! The robust survive by evolving to the market. The Foreign exchange GridBot is smart enough to beat the BANKS and BROKERS at their own game. By taking profit on THOUSANDS of little profitable trades with its advanced AMM, Chaos Speculation and Volatility, it mostly comes out on top.

CHAOS Theory. The currency market is a beast with over 3.2 Trillion bucks changing hands common-or-garden. It might be most unlikely to envision the daily movement of this market. Chaos Speculation is founded on the concept that a trading system can be random in the near term, but over the long run will follow a trend. Some of the largest HEDGE FUND, BANKS and Personal INVESTMENT Corporations use this strategy in their trading systems. How else do you believe they make their millions from trading?

Complicated Money MANAGEMENT Our exclusive Cash Management system keeps control of your profits and CASHES in each time. The AMM system does not get greedy.

It knows how much to chance and when to shut the trade and cash in the chips.The AMM system was developed over years of working in the ditchs of the Giant BANKS.

VOLATILITY INDEXES During the worst Money Crisis last year, the Finance Markets were rocked with chaos, and many trading corporations and brokers went bankrupt.

The Foreign exchange GridBot uses a complicated relationship formula and volume to keep an eye on volatility in the currency market. The Currency exchange GridBot system knows precisely when the markets are too volatile to trade and when they don’t seem to be, thus preserving your profits.

They are backing up their claims with live results from live trading accounts, much in the same way the creators of FAPTurbo have done. This robot looks very promising and I may definitely be adding it to the androids I am testing. It would seem this is a real foreign exchange scalper robot. I should be writing much more on this robot immediately.

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