Investors' Room :: Index Trading with the MT4 Somnus EA - MoneyAM - Free Share Prices, Stock Quotes, Charts, News, Level2

KenBachelor - 20 Sep 2016 09:44

Visitors since 4 April 2014 Click to skip to Header Update

Opinions given on this thread are just that, 'opinions' and should not be taken as investment advice. Always do your own research before making investment decisions.

Useful links: IG Index FTSE IG Trading Live Quotes FTSE Dividend Adjustments

Somnus Demark Based Trading Notes updated 16 July 2016 Click Here

To download the Somnus Trading Excel Archive Spreadsheet to 1 July 2016 with Trade Signals and Limit Calculations Click here

Somnus Club MT4 Expert Advisor Notes and Installation Instructions Click Here

If you are interested in the Somnus Traders Club, please e-mail me at Somnus.Club@btinternet.com providing the following information as you would when joining any other sort of club: Somnus thread and real name, home address, land line telephone number so that I can call you without it costing me and if you wish a mobile number as well. I will ring you one evening (by prior arrangement) so that we can get to know one another. On this thread, the masculine shall include the feminine and the singular the plural.WEALTH WARNING - Spread betting can seriously damage your wealth. All development of the Somnus trading system has been carried out with a full understanding the risks involved and with adequate capital reserves. Please do not use any information from this thread without a full understanding of the risks.

Consolidated Trades Record from 4 July 2016

Somnus is based on Tom Demark's system to spot the end of a trend and places automatic EA generated index trades on the GKFX MT4 spread-bet platform. I'm trading the DAX using a trade size based on my bank. A new trade is opened immediately a valid signal appears and the limit is adjusted as the number of trades in a series increases. When the number of open trades in a series exceeds 4, the first trade is closed and a new one is opened with the trade size increased to recover the loss. This is repeated as further trades are added to the series up to the maximum setting and then a new series is started.

Updated 1 October 2016 A very satisfactory first week here on MoneyAM and having had quite a bit of contact with their office, including the MD (Bullshare) I'm very pleased with the move. 7 trades closed this week and the profit of £766.93 has raised my 13 week average from £607.97 to £620.20. The projected profit for the year now suggests 90.25% and a simple back of a fag packet calculation using 18.62% a quarter compounded 4 times comes to 97.98%, which is near enough for me. My intention remains to withdraw £1,000 of each £2,000 I make and this will of course affect the results, although I'm pretty sure that with the progress we've made recently I'll still double my bank and hopefully have a little extra on 4 July 2017. I've made a major change to my settings this week, as I've increased my Maximum Trades in Series from 5 to 7 combined with increasing the size from level 6 instead of level 4. Obviously it will be some time before the changes prove whether it was a good idea. The only other idea I've had this week was that bearing in mind the more levels there are open the smaller the difference is between the various TP's, it might be worth increasing the T/P as each level opens. This is something that can easily be done manually as long as you remember to change it back when the series closes and if you are away from your computer at the critical time, it doesn't really matter and there's normally plenty of time anyway. Those who've been around for a while will know that I'm never satisfied, so I'm planning to try it out by adding 1 point at each level and see what happens. Good luck.

I'm trading the DAX using the following settings	Somnus Performance

To view or update member's current T/P's Click here. To view forthcoming Economic News Click here. Ken Bachelor

The Juggler - 20 Sep 2016 15:39 - 2 of 359

Hi Ken, what an excellent idea to move here. I find the layout of the BB at Advfn very restrictive since they changed the format. I am a fan of moneyam but when the site goes down it can be for many hours at a time (the live prices only generally). I wish you continued success and will of course be watching from the wings wherever you you decide to have the Somnus hosted.

KenBachelor - 20 Sep 2016 15:46 - 3 of 359

Hi Juggler - I don't think we'll be having dinner together this Christmas as my wife's got her name down for a new hip, sometime in November?, so I think we'll be spending Christmas at home.

KenBachelor - 20 Sep 2016 16:54 - 4 of 359

Hi again Juggler - I have no real knowledge of these things as an Acupuncture practitioner they were never part my work, but an actor friend has just had 2 new knees and he's highly delighted with them. He had them 3½ months ago and he's just about to start work again.

As I don't know where we'll be in the future, for the time being I'll post messages on both threads and it seems we'll be opening a new long before very long.

J0llyR0ger - 20 Sep 2016 21:22 - 5 of 359

Is there an equivalent "Email alerts" option here like in ADVFN?

That was useful to get an email alert when the thread gets updated. So you didn't have to periodically keep refreshing the thread.

KenBachelor - 20 Sep 2016 21:31 - 6 of 359

JR - I don't know, because I'm only just trying it.

I can't get the charts to work, so if we move here it might be best to simply remove them. They only provide data while the markets are open, so they're a bit of a waste of time anyway.

The one facility I have found useful, especially while I've been amending the header, is the ability to preview the changes before actually posting them.

You seem to be the only one here so let me know what you think.

KenBachelor - 21 Sep 2016 07:29 - 7 of 359

A very useful extra 33% on the long this morning guys and I expect to be opening another level 4 trade on the short series so please let me know whether yours opens correctly.

KenBachelor - 21 Sep 2016 09:12 - 8 of 359

I think I've got the intraday charts working now and our next trade's about to open.

LVTP - 21 Sep 2016 13:26 - 9 of 359

Gone to the wrong room previously.
But I'm here now.

KenBachelor - 21 Sep 2016 13:49 - 10 of 359

I've seen your message and it suggests you're not in favour of moving FLVT.

I've been talking to somebody called Deva and she suggests that the problem with the DAX 1 year chart is probably their data. I've told her that I'm happy to pay for access to the Traders Room, but not if it means my friends have to as well. She said she thinks it's possible to place the thread on both, but isn't sure.

She's checking both of these questions and has promised to e-mail me when she has answers.

KenBachelor - 21 Sep 2016 13:54 - 11 of 359

It seems that we'll be opening a long when the present decline turns up, but the question is which will come first, the short closing or the long opening.

LVTP - 21 Sep 2016 13:59 - 12 of 359

Ken, it's fine, and I am here now.
Just a matter of get use to.

Bullshare - 21 Sep 2016 14:17 - 13 of 359

Ken: I can place it on the Traders Room as well so they can see the thread. Your followers do not need to pay anything as they can post here on the Investors Room (Free) and will be seen by paying and free customers.

Can you let me know what the problem with the DAX chart is.

Mike

KenBachelor - 21 Sep 2016 15:02 - 14 of 359

Mike - Sorry I had to go out for a short while, but thank you for your message.

If you look at the 6 charts in the header, the FTSE shows the same price on the intraday and 1 year charts. The DAX shows different levels and the 1 year thinks it's Tuesday, while the DOW doesn't seem to know what day it is.

KenBachelor - 21 Sep 2016 15:05 - 15 of 359

It looks as if the new DAX long will open in 10 minutes.

Bullshare - 21 Sep 2016 15:08 - 16 of 359

Odd one as I put the epic in for a company and it includes today's data. We will take look.

J0llyR0ger - 21 Sep 2016 18:14 - 17 of 359

Ken, seems the visitors flag add-in above is showing data from the ADVFN forums, as I am sure we have not had 18,000 page views in the UK since this has been setup.

KenBachelor - 21 Sep 2016 18:51 - 18 of 359

JR - There's not much point in resetting it, until I know whether we're moving here. Even then the count wouldn't be accurate if I did.

J0llyR0ger - 21 Sep 2016 20:44 - 19 of 359

I have been through the profile/account options on moneyam and cannot see anywhere where you can setup thread email alerts. So when someone posts on a thread, an email alert is sent.

I do find this facility useful on ADVFN as you do not have to constantly check forums for updates.

It does not email on every post, but around once every 20 minutes if an update has taken place within the previous 20 minutes on a forum thread you are interested in.

LVTP - 22 Sep 2016 09:09 - 20 of 359

Morning All,
What a surprise to see the DAX surge this morning.
I can now see the benefit of a balance system, where the LONG is profiting, while the SHORT is sleeping awaiting for its turn.
There is still minor problem to cope with DAX moving sideway for a long period.

KenBachelor - 22 Sep 2016 09:10 - 21 of 359

If you're using my settings, you should have seen 4 trades open and 1 closed in the current short series. It's beginning to look as if a 5th trade may open this morning and then if the trend continues, at the next signal the first series 2 trade will open and this one will ignore the MMM as it's a new series.

I thought I should explain what I'll be doing.

Immediately the 5th trade has opened, series 1 will be complete and the T/P will have been sent to the broker so I will remove the EA from that chart.

I will then open another chart with a new magic number, the EA set to trade short only and the trade size doubled (as that's what my setting is).

Please Note: This chart will remain open and trading until series 1 closes, either at the T/P or with the T/P's adjusted following the 16.5% recovery rule outlined previously.

The other option you have is to just leave the EA as it is and the series 2 trades will operate in accordance with the setting, but you will not be able to apply the 16.5% rule.

J0llyR0ger - 22 Sep 2016 12:49 - 22 of 359

Ken, when you say the trade size is doubled, are you using the GroupMultiplier value to determine the new trade size? So 0.005*2=0.01

Therefore, is your new trade size value 0.01?

LVTP - 22 Sep 2016 13:13 - 23 of 359

Trying out this theory;
"THE TREND IS YOUR FRIEND UNTIL THE END WHEN IT BENDS", so I am trying to setup a moving t/p, let you know when this current trend end...

KenBachelor - 22 Sep 2016 13:44 - 24 of 359

FLVT - I've tried many ways of incorporating a moving T/P and it doesn't gain much over all. As Bunny has said many times, about 90% of Somnus trades close at level 1. Quite a number of these would be closed with less profit due to the reversal limits required by the broker.

KenBachelor - 22 Sep 2016 16:07 - 25 of 359

If you're using my settings, you should have seen 4 trades open and 1 closed in the current short series. It's beginning to look as if a 5th trade may open this morning and then if the trend continues, at the next signal the first series 2 trade will open and this one will ignore the MMM as it's a new series.

I thought I should explain what I'll be doing.

Immediately the 5th trade has opened, series 1 will be complete and the T/P will have been sent to the broker so I will remove the EA from that chart.

I will then open another chart with a new magic number, the EA set to trade short only and the trade size doubled (as that's what my setting is).

Please Note: This chart will remain open and trading until series 1 closes, either at the T/P or with the T/P's adjusted following the 16.5% recovery rule outlined previously.

The other option you have is to just leave the EA as it is and the series 2 trades will operate in accordance with the setting, but you will not be able to apply the 16.5% rule.

I've heard that confession's good for the sole, so I better go to confession. It seem I forgot to double the InitialLotsMaxStake figure from 3 to 6, so instead of opening the trades at £5.00pp it opened at £3.00.

I've corrected it now, so when this one trade's closed the rest should be correct.

LVTP - 22 Sep 2016 16:36 - 26 of 359

On the recent trend of around 250 pts, I have a net gain of around 50 pts, further than t/p. (this is just 1st of this moving t/p theory).
Furthermore, moving t/p don't have to be on a higher level, can be done on level 1 as well.

KenBachelor - 23 Sep 2016 08:05 - 27 of 359

Good morning Omar - I still haven't received your e-mail. Are you sure you sent it to Somnus.Club@btinternet.com and not to the old club address?

I'm now set up as shown in the header, which means that a group 2 will start using double the original size when trade 8 opens.

The only problem is that I've never tested these numbers, so if anything goes wrong it will be down to me to switch off and operate manually.

KenBachelor - 23 Sep 2016 09:17 - 28 of 359

Thanks Omar - I've got it this time, so I'll take a look.

As I've now virtually gone back to my original settings, which means that series 2 won't start until trade 8 opens, I've marked yesterday's series 2 profit as an extra trade.

KenBachelor - 23 Sep 2016 10:13 - 29 of 359

Omar - I've looked at your S/T report but I'm not sure what you want me to do with it, unless you want me to display it so that's what I've done.

Please note that I've put it on both threads, as I've just about got the charts to work on MoneyAM and I think I'm going to close the advfn one. If you are going to start a discussion, please copy it to both for the time being.

KenBachelor - 23 Sep 2016 12:09 - 30 of 359

It's beginning to look as if we won't be getting much action here today, so the current position is probably where we'll finish up this eveing.

I just hope I'm wrong!

OOOmar - 23 Sep 2016 15:53 - 31 of 359

Ken

I managed to register and be here.

KenBachelor - 23 Sep 2016 16:57 - 32 of 359

Welcome Omar - What do you think of the header?

OOOmar - 23 Sep 2016 18:29 - 33 of 359

Yes Ken very good clearer charts.

LVTP - 23 Sep 2016 18:48 - 34 of 359

DAX not update after 16:30, Dow after 1:30; Any reasons?
Apart from that; it's very good, Ken.

KenBachelor - 23 Sep 2016 19:17 - 35 of 359

Yes the reason is that MoneyAM don't seem to have much of a service department, but have you tried to get advfn to do anything when you ask them?

FLVT - I didn't know the DAX is open after 16:30 and of course the same thing applies to advfn.

I was promised a response to the problems I've raised yesterday afternoon, but I'm still waiting.

J0llyR0ger - 23 Sep 2016 20:07 - 36 of 359

Ken, I did a ring fence of the 3 open shorts like you and set a new magic number on a new chart.

Have since had a long and a short trade on the new magic number. You do not seem to have the short. Mine opened at 10644 with a 10604 t/p.

The short came to within a cats whisker of being closed (10604.8).

KenBachelor - 24 Sep 2016 11:19 - 37 of 359

JR - I keep changing my mind over which settings to use and as you know I did close one extra short from series 2. I decided to turn the series 2 off and modify my EA to run through to trade 7 before series 2 starts, but even now I'm still undecided on the best approach.

cynic - 24 Sep 2016 16:10 - 38 of 359

DAX
you can certainly trade DAX and FTSE until about 22:00 via IG

for myself, i still have a DAX long running having closed out a DOW long on friday afternoon for a very nice profit

i still have some hopes that DAX will continue north but certainly wouldn't open a new position

KenBachelor - 24 Sep 2016 16:35 - 39 of 359

Cynic - Welcome. Yes IG trade the DAX, but the reference from FLVT above was to the chart in the header and as far as I know that's only the live market.

We don't use IG because they virtually trade 24/7 and that means anything can happen while everyone's asleep. Many have been caught out by enormous spikes and when they are asked, their reply is that their T&C's allow them to close trades to balance their books.

Regarding the DAX on Monday, as you will see in the header we have a long looking for 10,716.9 and a short looking for 10,498.2, so either way we should be closing at least one trade.

cynic - 24 Sep 2016 16:38 - 40 of 359

i shall watch with interest as i do the FTSE thread

i almost never run stops for as you say, it is very easy to get caught out by a spike
however, unless you have guranteed stops, you can just as easily get mangled when the markets open badly down (or up) following "trouble" in USA or Far East

J0llyR0ger - 24 Sep 2016 17:49 - 41 of 359

Hi Cynic, noticed your username has a couple of icons next to it. Being new to MoneyAM, what's the difference between your account and ours?

cynic - 24 Sep 2016 17:59 - 42 of 359

i'm posh and you're not :-)

one allows you to send me messages; the other a silly thumbnail self-sketch

Stan - 24 Sep 2016 18:16 - 43 of 359

Posh? more like sloshed -):

cynic - 25 Sep 2016 09:48 - 44 of 359

hi stan .... haven't seen you around for a while .... where have you been hiding?

KenBachelor - 25 Sep 2016 11:37 - 45 of 359

Good morning anyone who happens to be around on Sunday.

Further to my comment above about still not being sure what the best settings are, I've been running some 12 month strategy tests commencing with a bank of £50k.

The results are displayed below, but please bear in mind that they are not accurate as the tester closes all trades at the T/P and doesn't include any extra such as the £27k I collected as a result of the Brexit result. It actually credited me with £212.

Profit £82,374 Annual Return 164.75% Max Drawdown 92.12%

Profit £88,014 Annual Return 176.03% Max Drawdown 80.09%

Profit £78,245 Annual Return 156.49% Max Drawdown 68.35%

In spite of it providing the lowest annual return because there are less trades, it seems to me that in view of the maximum drawdown figure the cautious approach is to use the following settings
Increase Trade Lot Size Start 6
Maximum Trades in Series 7

LVTP - 25 Sep 2016 12:16 - 46 of 359

Afternoon Ken,
Purely looking at the chart, would anyone has a will power to continue after the Equity balance drop from;

1st chart - 100K to 15K;
2nd Chart - 50K to 2K;

They would be more into ring fence, than continue like you did.
As we more tends to protect our capital than more gain, who knows what's around the corner.

Stan - 25 Sep 2016 12:47 - 47 of 359

Hello Alf, been considering my position while the market has been pants for months.

Interesting thread Ken and although I don't do cfds or spread betting its good to be aware of different trading styles.

KenBachelor - 25 Sep 2016 12:48 - 48 of 359

FLVT - As you will see, I'm going for the third option.

You're our resident expert on these things so please can you explain to me how the equity can ever be greater than the cash, as it's shown at one point on all 3 charts? To me it makes no sense at all.

KenBachelor - 25 Sep 2016 12:57 - 49 of 359

Stan - We use GKFX spread-betting not CFD's. What do CFD's provide that makes the gains tax worth paying?

LVTP - 25 Sep 2016 13:10 - 50 of 359

Yes, it can.
Equity balance can be greater than the account balance.
It happens when you have gain in your position, but positions are not yet close.
In fact, that's exactly what's happening in my demo account right now;
see https://www.mql5.com/en/signals/197660, Select Equity Tab.
That's paper gain rather than paper loss.

The 3rd option is still over 80% down on your equity balance, from around 60K (160th trade) to over 10K (268th trade).

Of the charts above, is there a way to link to one of the SB company daily charts instead, so it show 07:00 - 21:00 trading, just as what we doing now. But I do not know where you can port it from though.

Stan - 25 Sep 2016 13:13 - 51 of 359

Ken I think you may have misread by post, I don't do either cfds or spread betting.

skinny - 25 Sep 2016 13:21 - 52 of 359

FLVTP - I use livecharts on this thread - you could use them - also unlike advfn, MAM allow the use of iframe, which makes the HTML presentation more flexible.

LVTP - 25 Sep 2016 13:51 - 53 of 359

Thanks Skinny; those charts look very interesting indeed.
But I am not 100% sure that that chart will show trading when the real market is closed; say after 16:30 on FT100, but it is still trading until 21:00 on spreadbet company, or even 24 x 5 in some company.
But I am sure Ken will put the right one here, if they are appropriate. It's just forour reference whenever we are here.

p.s. It's like to see all these new faces here ... :-)

KenBachelor - 25 Sep 2016 13:55 - 54 of 359

FLVT _ I know it can, but surely only as far as the limit for closing an open trade. The spikes on my charts are about £40k above the bank and any open trades should have closed when the profit reaches £200 or so.

I can't find a way doing anything about the charts other than what I did for you before, by providing a link to IG and as you know even that needs adjusting manually once the link's been opened. If you think it will help I don't mind trying to add something like that.

KenBachelor - 25 Sep 2016 14:21 - 55 of 359

Try that FLVT - I've changed your link to display the DAX rather than the FTSE, but I can't find a way of making it display15 minute bars or Sunday prices.

If you would like me to add the FTSE and DOW just say the word.

LVTP - 25 Sep 2016 14:26 - 56 of 359

Ken, as far as the charts above, don't worry; as they are reference only, as we all know what they are; minutes by minutes; as we are all watching all the time. One day; when I finally make mine automated; I won't be watching it for weeks...

As for the spike up you are talking about, now I understand fully; It's there because it is the orders in which how Somnus close the trade when it reaches t/p on a series. I guess that it close all the profitable one first (latest opened one first), hence you have higher profit, next profit one next, etc. so your Equity balance spike up. Now, back down to mother earth, as the losing one get close, one by one. After the closing of a series, the different is just stake * target; +/- a few quids for rounding. Right!

p.s. IG showing is NOT Sunday trading; they are just 3 hrs between 21:00 and 23:59 on Friday. Trading resumes around 23:00 on Sunday, I think.

KenBachelor - 25 Sep 2016 16:25 - 57 of 359

FLVT - I've done what I can to make the header charts match our trading, but of course they are still only the open market trading hours.

I think that's it for today, so good luck to everyone tomorrow morning.

cynic - 25 Sep 2016 17:32 - 58 of 359

IG also offers sunday trading in the indices, but they rarely move much and i guess there's not much interest

given the dramatic swings that can occur between close of trade friday in europe/london and the opening on monday, i'm slightly surprised that you leave s/b positions open over w/e

KenBachelor - 25 Sep 2016 18:48 - 59 of 359

Cynic - We leave our spreadbets open to take advantage of the wild swings that can occur. If they go the wrong way it only means one extra trade, but if they go the right way we can make extra.

The major move at the open on 24 June produced the best I've ever had, as I made £27k after the Brexit vote and my account handler actually rang to thank me. It seems he gets commission on the performance of his clients.

There's very little movement on the IG Sunday trading so far today, but that dioesn't mean there won't be tomorrow morning.

cynic - 25 Sep 2016 19:36 - 60 of 359

i watch with interest and intrigue
i can understand why you made a bundle at the open on 24/6, but assume you were already short .... in which case very well done indeed

if i have read your table correctly, you usually take quite modest positions at ~£2.50 a point .... is that correct?

KenBachelor - 25 Sep 2016 22:17 - 61 of 359

Cynic - You should really read all the notes, although some of them are not completely up to date. My settings table in the header shows my initial trade size as being 0.005% of the current bank and my T/P as 40, which currently gives a target of £100 per trade.

KenBachelor - 26 Sep 2016 07:52 - 62 of 359

Good morning guys - We still need a drop of 70 points to close the short.

We've just produced a valid long signal, so while we wait it seems likely the we'll open another long and that will reduce the space between our T/P's.

KenBachelor - 26 Sep 2016 08:51 - 63 of 359

A very good start to the week as the DAX spiked down and gave us an extra 50% on the short. Now we're just waiting to add a 2nd trade to the long that's already open.

KenBachelor - 26 Sep 2016 09:09 - 64 of 359

I don't think the intraday charts I've put in the header are going to work with 15 minute candles so I'm going back to the previous versions.

Edit: I'm not sure it's what I've set up, so the problem could be the lack of data. I'll leave it for the time being and see what happens later.

KenBachelor - 26 Sep 2016 10:14 - 65 of 359

It was a lack of data so all the early movement this morning's been put into the first candle.

The 2nd long opened at 09:45 and I've now found a difference between v5.4 and 5.6. Obviously I can't be sure, but it looks as if Ivan's been messing with the rounding as when trade 2 opens with 5.4 it normally calculates the T/P to produce a fraction short of my target. This morning it's set to 1 extra point and that can be the difference between closing and leaving a trade open.

Now I don't know what to do.

After closing the short this morning, I've been able to take my first £1,000 divi since restarting on 4 July.

KenBachelor - 26 Sep 2016 11:11 - 66 of 359

It seems that the problem I had with the T/P after the level 2 long opened this morning may have been caused by me changing from v5.4 to 5.6 over the weekend, as it's now corrected itself.

KenBachelor - 26 Sep 2016 11:35 - 67 of 359

It now looks as if it won't be too long before we see a new short opening.

cynic - 26 Sep 2016 14:52 - 68 of 359

you may disagree, but it looks to me that we are now only 40/50 points on both Dow and Dax where a long entry may be a decent bet
of course, if those supposed supports fail, then it's a different story

KenBachelor - 26 Sep 2016 15:26 - 69 of 359

Hi Cynic - Sorry if we've been messing your thread up.

As you will see we're already long here as the level 2 long trade opened at 09:45 this morning. I know we just leave it to Somnus, but she doesn't disagree with you.

We could be opening another in about 15 minutes if the DAX is between 10,401 and 10,411.9 at that point.

cynic - 26 Sep 2016 15:51 - 70 of 359

of course you haven't messed up anything ..... i'm not that precious and sensitive as others will tell you :-)

DAX is currently moving a little the other way (10,435)

Chris Carson - 26 Sep 2016 16:03 - 71 of 359

Dunno cynic, calling yourself 'goldilocks' over the road. Just saying! :0)

cynic - 26 Sep 2016 16:05 - 72 of 359

it's a long story chris, but i also use it in business :-)

Chris Carson - 26 Sep 2016 16:08 - 73 of 359

Sounds like Tooooo much information cynic :0) At least you have a sense of humour, thanks for your input on this thread.

cynic - 26 Sep 2016 16:15 - 74 of 359

so ken, you had your wish as to the level on the DAX, or was the timing relevant too?

KenBachelor - 26 Sep 2016 16:39 - 75 of 359

Cynic - At 15:45 the level was 10,429.5, so as that was too high we're now waiting for 17:15 to try again.

Except in special circumstances, all Somnus trade openings are at 15 or 45 minutes past the hour.

cynic - 26 Sep 2016 16:42 - 76 of 359

sounds very arbitrary, though i'm sure there is some (charting) logic to it
anyway, looks that you'll still have your chance

KenBachelor - 26 Sep 2016 16:48 - 77 of 359

Perhaps I better explain the words 'special circumstances' above.

Somnus checks whether a trade is to be opened at 15 and 45 minutes past the hour, so when very rapid movements occur and close a trade the previous instruction may still be held in the system and the trade re-opens.

This was not something that I designed into Somnus as I never even thought of it, but it's never failed to produce a profit yet.

cynic - 26 Sep 2016 16:58 - 78 of 359

anyway, i take it you have now gone long again, or have you held off as it's fallen below your original target level?

KenBachelor - 26 Sep 2016 17:23 - 79 of 359

It seems it's just you and me today Cynic. Either everyone's on holiday, or they've had to go to work.

All trades are placed automatically by the Somnus Club EA and the next valid signal would be at 17:45 'if the level is between 10,398.5 (the level at 16:45) and as I use a minimum movement from the last trade of 60 points, 10412 (the last trade 10,472 - 60). I hope that helps.

If you want to see it in action, you can always have a copy and try it out on a GKFX Demo account. As it says in the header, just send me an e-mail.

LVTP - 26 Sep 2016 17:31 - 80 of 359

Yes Ken;
I'm still here, but in development mode....

Best of luck to all of you, as always.

KenBachelor - 26 Sep 2016 17:39 - 81 of 359

Are you trying to confuse us on have you subdivided?

cynic - 26 Sep 2016 17:45 - 82 of 359

me? .... certainly not

KenBachelor - 27 Sep 2016 07:46 - 83 of 359

No not you Cynic: FLVT!

He seems to have 3 names now.

I haven't used MoneyAM until now, but are 14 hour breaks in service normal here? If they are I'll have to find another home for this thread.

KenBachelor - 27 Sep 2016 08:09 - 84 of 359

We'll be opening a short at 08:15 guys.

cynic - 27 Sep 2016 08:25 - 85 of 359

no idea what happened to this site yesterday ..... it was a pain but c'est la vie

interesting that you'll be shorting DAX
not the way i see it, as with DOW powering ahead albeit in the cash market, the other indices are very likely to be dragged along on its coattails

fwiw, i took a small (extra) long on DAX yesterday at 10,411

KenBachelor - 27 Sep 2016 08:31 - 86 of 359

We opened our short at 08:15 Cynic, so with trades in both directions it gives us a profit whichever way the market moves.

cynic - 27 Sep 2016 08:33 - 87 of 359

i'm neither clever enough nor alert enough to play that game :-)

============

btw, you may want to take a look at WOS with sp being (unfairly?) hammered following their numbers

KenBachelor - 27 Sep 2016 08:48 - 88 of 359

Cynic - Thanks I'll take a look but Somnus is fully automated and we only use it to trade indexes. Mainly the DAX because there are no dividend adjustments.

KenBachelor - 27 Sep 2016 09:22 - 89 of 359

Now the short's closed we'll have to wait quite some time before another long opens, so I think it's time for a cup of coffee.

cynic - 27 Sep 2016 10:03 - 90 of 359

my long is currently badly called, but quite surprised your short was closed down, though i know you also have long positions running

Chris Carson - 27 Sep 2016 10:06 - 91 of 359

Beat me to it cynic. Ken was the short closed because the target was hit?

cynic - 27 Sep 2016 10:09 - 92 of 359

but then how long are the "bad" long positions left running?

KenBachelor - 27 Sep 2016 10:24 - 93 of 359

Cynic - They are left running until they close. I'm testing some new settings at the moment and after the 100 point drop in the last ½ hour, I expect to open my next long at 11:15 unless something very dramatic happens in the meantime.

Chris - If you look in the header you will see that I have my T/P set to 40 points, so at £2.50pp the trades close when the profit reaches £100 although a good spike can increase that.

I've got an ear infection so I'm off to the doctor at 11:40, but I'll update the header if I'm here when the level 4 long opens.

cynic - 27 Sep 2016 10:40 - 94 of 359

thanks ken ..... somewhat clearer though surely you can do serious damage if there are not commensurate stops

Chris Carson - 27 Sep 2016 10:49 - 95 of 359

Right got that Ken makes sense. What I don't get is the automatic opening of longs, or running both simultaneously. Can you not just leave orders?

KenBachelor - 27 Sep 2016 10:52 - 96 of 359

We don't use stops Cynic. A stop means a loss and as you will see every trade (a Somnus trade is a series that closes at the T/P x the initial size) that opens produces a profit.

The record in the header shows my trades, but other people choose to use different settings and therefore have different results.

KenBachelor - 27 Sep 2016 10:56 - 97 of 359

Chris - I'm not sure what you mean by leave orders.

MT4 places the trade when Somnus tells it to at 15 or 45 minutes past the hour, so you can't place an order until you know what the level is at that time. Mind you another long at 11:15 looks almost certain now.

Chris Carson - 27 Sep 2016 11:04 - 98 of 359

Sorry Ken I need to try and understand it better. It's obviously working for you :0)

cynic - 27 Sep 2016 11:18 - 99 of 359

not or almost never crystalising a loss is a bit of a cheat :-)

KenBachelor - 27 Sep 2016 11:25 - 100 of 359

First the good news. The new settings did open trade 4 as planned and it's always a relief to know the revised settings work and recalculate the T/P correctly.

Chris - I've suggested to Cynic that if he's interested just send me an e-mail and I'll send him a copy. It doesn't cost anything to open a GKFX demo account and try it out.

The same offer applies to anyone, including you.

Chris Carson - 27 Sep 2016 11:31 - 101 of 359

Thanks Ken will bear in mind.

cynic - 27 Sep 2016 12:02 - 102 of 359

chris - do you think i need to promise ken that i shan't tease him - or at least not unduly? :-)

Chris Carson - 27 Sep 2016 12:08 - 103 of 359

Probably cyners :0) Horses for courses end of the day.

KenBachelor - 27 Sep 2016 13:31 - 104 of 359

Talking about horses, I used to be actively connected to Group One Racing and they have a runner in the first race at Southwell this afternoon. Please don't take this as a tip, because I've not been connected for several years now, but I will be watching with interest.

Not much activity since the last long opened, but when the trend changes Somnus will be opening another short.

Cynic - I've been trading since 1960 so I'm well able to handle most things, even your teasing.

KenBachelor - 27 Sep 2016 13:39 - 105 of 359

The next market moving news seems to be at about 15:00, so we'll probably wait till then before we get much action.

cynic - 27 Sep 2016 15:06 - 106 of 359

not far wrong with your time, though Dow and therefore Dax started to recover from the open in USA

have banked a small 55 point profit from yesterday evening's foray
however as Ken implies, no profit is to be sneezed at

KenBachelor - 27 Sep 2016 15:09 - 107 of 359

The Group One horse was second, but ran well.

We'll have a valid short signal at 15:15, so it will then be a case of waiting for the first 1 hour reversal in the up trend. There is a slight hesitation at the moment, so perhaps the trade will open at 16:15.

cynic - 27 Sep 2016 15:18 - 108 of 359

Dow may give you a clue
the resistance comes in just below 18,200 ...... it's currently 18,172 but dithering a little

KenBachelor - 27 Sep 2016 15:40 - 109 of 359

All markets tend to move in the same direction over time Cynic.

The reversal seems to be well underway at the moment, so it still looks like 16:15 unless it gets below 10,304 in the next 5 minutes.

KenBachelor - 27 Sep 2016 16:23 - 110 of 359

As I suggested the short has opened, so whichever way the DAX moves from here we wiil have another £100. All we need is movement, hopefully upward movement as I've got 4 longs open and only 1 short.

cynic - 27 Sep 2016 16:45 - 111 of 359

yes it's all gone up :-)
confess i missed the boat at a tad below 10,320 so did nothing ...... however, i have other smallish Dax longs

banked a good profit on Dow longs a couple of days back

KenBachelor - 27 Sep 2016 17:10 - 112 of 359

Cynic - I reckon a very good week for Somnus is 10 trades (2 a day on average) and a bad week is 5 trades (1 a day). £500 to £1,000 a week at the moment. We usually get somewhere in between.

It seems you're trading manually, so presumably you don't have any expectations other than hoping to catch the trade at the right time and winning.

cynic - 27 Sep 2016 17:26 - 113 of 359

i don't day-trade as rule ..... i don't have the time or the patience or even the skills
you're clearly pretty good at it, but you are also very much a rarity

meanwhile, i see DOW is really letting rip so there should be plenty of opportunity for you, and even a chance to recoup some of the (thumping?) losses you are currently wearing

i have a small "fun portfolio" which i use for trading ...... most is in individual stocks, though i also play a bit at the indices as you have noted

my major investment is in a small freehold which i was lucky enough to buy in 1978 and which yields hugely for the capital invested, and continues to rise in value

KenBachelor - 27 Sep 2016 17:48 - 114 of 359

Sorry Cynic - I thought from the title of your thread that you are trading the FTSE and FTSE 250.

I'm also not sure what you mean by the losses I'm wearing. My current drawdown is 3.45%, but I don't start to become concerned until it reaches above 60%.

OOOmar - 27 Sep 2016 18:20 - 115 of 359

Ken,

Your t/p for the latest short is wrong.

J0llyR0ger - 27 Sep 2016 18:28 - 116 of 359

Hi Cynic, perhaps, I can help and show in laymans terms what the system is doing, although compared to Ken, I am a novice as well.

The Somnus system will always aim to make a profit on a trade. To us a trade could be a single trade or a group of trades together which show a profit when the group is calculated together.

So for example, where you see the "Loss taken" in the table in the header, those trades are actually part of a single short group. The complete group P/L is:

-£527.50
-£723.75
-£213.25
-£36.12
£1654.07

The total for all the above is £153.45. So this group closed with a profit of £153.45. The "Loss taken" trades are where they have been closed and the next short trade opens at an increased trade size to recover the loss made on the "Loss taken" trade. The T/P is also automatically adjusted for all remaining short trades in the group. The 4th & 5th trades in a group would have increased trades sizes while the first 3 trades in the group will have the same trade size.

The key column in Ken's table is the "Series Totals" column.

KenBachelor - 27 Sep 2016 18:40 - 117 of 359

Thank you Omar - I've corrected it now but it won't be too long now before we get another short, so I'll be doing it again soon.

Why have you and FLVT changed your names?

The only reason I can think of is that you've been very naughty and been banned here, and I don't believe that for one moment. I can think that Omar's been taken already, but you've never used that personally and surely nobody's using FLVT.

KenBachelor - 27 Sep 2016 18:42 - 118 of 359

Thank you JR - At least you haven't changed your name.

OOOmar - 27 Sep 2016 19:14 - 119 of 359

the name Omar was not available, i had to add something to it.

LVTP - 27 Sep 2016 19:36 - 120 of 359

Ken, I used FLVT a couple of years ago, can't remember the email address nor the password that I used. So, there is no way to use it ago.
Getting old, can't remember another, that's how naughty I am. :-(

Also, you change the stake increase in 6th trade, and series max. to 7, what's the advantage? If I understand correctly, there can only be ONE loss taken trade, and the series is 'ring fence' immediately afterwards; Right?

cynic - 27 Sep 2016 19:47 - 121 of 359

ken - why on earth should LVTP have been banned?

anyway, DAX is currently looking a bit strange .... there should be another ~100 points upside before hitting the buffers but is currently not keen to roar towards that

LVTP - 27 Sep 2016 20:08 - 122 of 359

It should be FLVTP, but for whatever reason, it shows as LVTP instead.
Don't know why? Once I set it, I can't change it.

dreamcatcher - 27 Sep 2016 20:21 - 123 of 359

Press the contact at the top and email customer support and ask them to change it.

KenBachelor - 27 Sep 2016 20:36 - 124 of 359

FLVT - We discussed the strategy tests I ran last weekend above.

I now feel that it's better to sacrifice a bit of the profits, in favour of reducing the potential drawdown from 90% to 60%. It's quite obvious that if you don't take the losses, your bank isn't reducing and if you're not increasing the trade size you're not increasing the margin needed.

As you know I hate the principle of ring fencing, so I'm also reducing that at the same time. In about 6 months time I'm sure I'll find out whether what I've done is a good or a bad play, but if I don't try things I'll never find out.

cynic - 28 Sep 2016 08:09 - 125 of 359

anyway, you should be quite cheery this morning with DAX zipping ahead, at least for now

LVTP - 28 Sep 2016 08:21 - 126 of 359

Another winner, for you Ken; that is.
Well Done!

cynic - 28 Sep 2016 08:28 - 127 of 359

some of us with our alleged pin-sticking method also banked a respectable profit from Dax this morning :-)

it was a bit early in hindsight, but i still have a couple more Dax longs running, one of which is in the money but the other sadly not

KenBachelor - 28 Sep 2016 08:51 - 128 of 359

That was a frantic few minutes guys. 1 long closed and another opened, an we'll be adding to our short series soon.

Cynic - You will recall me trying to explain that Somnus occasionally re-opens a trade when one is closed. This only happens when the market is moving very rapidly, but as you will see it happened this morning.

KenBachelor - 28 Sep 2016 08:54 - 129 of 359

FLVT - Anyone trading with the old settings would have closed their trades a lot earlier than me, but it doesn't matter because I got there in the end.

cynic - 28 Sep 2016 09:27 - 130 of 359

good morning ken ..... it's certainly been an interesting start to the day, especially on DAX

personally, i would want to see DAX about 40 points higher (10,550) before shorting

KenBachelor - 28 Sep 2016 09:28 - 131 of 359

The extra trade has now closed, so that will help the averages.

I reckon the level 3 short's likely to open at 10:15, but what do I know.

KenBachelor - 28 Sep 2016 09:41 - 132 of 359

Cynic - As you seem to be trading when the spirit moves you, I don't want any actual figures but have you got any statistics on what sort of return on capital employed you get over 12 months.

You don't sound like a gambler so if you have perhaps you can post them, or even e-mail them to me, because I don't have anything to compare my performance to.

By the way Brexit was such an unusual day that it totally messed up any hope of posting reliable figures here, so I withdrew my winnings and restarted with a £40k bank. I did have another account that I used for experimenting and that's where the other £3,301.66 came from.

cynic - 28 Sep 2016 10:12 - 133 of 359

not info i would divulge :-)
btw, anyone even dabbling in the markets on their own account is de facto a gambler

i also took over running my sipp a year or so ago, as i didn't like the slice the so-called investment managers (experts haha!) were taking and nor was i much impressed by the performance ...... i reckoned i'ld be happier making my own decisions, so if i lost money, it was of my own doing

KenBachelor - 28 Sep 2016 10:28 - 134 of 359

The level 3 short opened as expected at !0:15, so everything's going to plan this morning.

Cynic - I was only looking for a 12 month % figure. Something to compare with the 89.8% projection shown in the header. The target's really a little over 100%, but it was messed up by the money I transferred from my No 2 (experimental) account that's now closed.

I don't think of myself as a gambler, although I do occasionally have £5 ew on Group One horse just for fun.

cynic - 28 Sep 2016 10:29 - 135 of 359

dithered with my pin to short with Dax just shy of 10,500
as so often in life, an if only :-))

anyway, banked all bar 1 x long Dax

FLVT - 28 Sep 2016 11:04 - 136 of 359

Thanks DreamCatcher for your suggestion.
I'm back in my old clothing now......

But I am still trying to catch my dream though !

I am the opposite end of the scale with every way with Ken; As I try to win BIG with smallest pot possible. So far, not very successful, therefore, still working on it. If interested, you can see all my tradings, LIVE & demo, all automated, here https://www.mql5.com/en/signals/192709

Not using a pin, but totally via technical analysis, as wel as money management.

cynic - 28 Sep 2016 11:12 - 137 of 359

you're far cleverer than me ken :-)

KenBachelor - 28 Sep 2016 11:20 - 138 of 359

We seem to had a valid initial long signal at 11:15 and you know what that means.

Cynic - I'm feeling a little embarrassed having misinterpreted your thread title and thinking you were trading the FTSE. I seem to be taking all your time as there are no posts on there since Monday and even that was connected to me. Yours was the only active thread I could find, but I realise now that perhaps I should have posted mine on the Traders Room. Sorry.

KenBachelor - 28 Sep 2016 11:57 - 139 of 359

The long's now open so with trades in both directions, I'm expecting to close at least one more today.

cynic - 28 Sep 2016 12:18 - 140 of 359

ken - please stay here ..... you are much better informed that me; i started the FTSE thread ages ago primarily as an alternative to others who picked stocks only

it's only very recently that is started trading DAX, and generally it's been kind to me

Bunny I am - 28 Sep 2016 14:36 - 141 of 359

Ken - I go away on hols for a week or so and find the whole Advfn shop has been shutdown, I hope I have found you.
Just to let you know that I am back up and running Somnus v5.6 on both long and short trading.
As you know I need to ring fence with slightly different variables to you as I cannot afford to let the 'old lady' get carried away. The important thing though is that Somnus continues to make profits, although sometimes I need to be a little more patient than you skipper.

Nice to see a few more friendly faces on the board

KenBachelor - 28 Sep 2016 15:19 - 142 of 359

Welcome back Bunny. I hope you had a good holiday. I did suggest that you'd been picked for the Ryder Cup and all your time was being spent practising.

Get ready everyone, because I've asked them to change the header for me and in future the thread will be called INDEX TRADING WITH THE MT4 SOMNUS EA. I think that will be more descriptive of what we're all about.

I hope you approve.

KenBachelor - 28 Sep 2016 16:13 - 143 of 359

I've now become very impressed with MoneyAM and having been in touch several times I almost feel as if they're my personal friends.

KenBachelor - 28 Sep 2016 16:28 - 144 of 359

Sorry guys, but I've just found an error on the table I updated this morning.

It only effected the current amount I was in debt, but it's up to date now.

Bunny I am - 28 Sep 2016 17:51 - 145 of 359

Bit of a crazy Long trade just open for me Ken @10464 along with the earlier Short @10463.5 so I am now on board both ways.

KenBachelor - 28 Sep 2016 18:23 - 146 of 359

Bunny - So you managed to find us here and you've got my last 2 trades. Knowing you as one the originals I presume you're still being greedy and expecting to get 50 points, while I'm being satisfied with 40, although your short will close a long way before mine.

I said earlier that I was expecting at least one more trade to close today, but at this point it looks as if we might as well go to bed early.

Bunny I am - 28 Sep 2016 19:27 - 147 of 359

Yes Ken looking for the 50pts which I just got on that crazy long trade. The lady rarely disappoints.

KenBachelor - 28 Sep 2016 19:45 - 148 of 359

Yes Bunny - You were right again, but I'm still going to use a 40 point T/P. I believe in leaving some for the next man.

Well done.

We seem to have lost Omar and JR. I hope they had the thread saved as a favourite.

cynic - 28 Sep 2016 20:20 - 149 of 359

that random pin method seems to be working rather well :-)
unsure whether to bank the profit before close of biz in usa or to hang on to see how Dax opens in the morning

cynic - 28 Sep 2016 21:05 - 150 of 359

decided to bank another squiddly 44 point profit at 10,508 (but it all adds up as ken observed), leaving another moderate Dax long to run its course

i was partly influenced by the fact that 10,508 was just about the upper limit of today's trading ......o'night may see a surge towards 10,550 (the next hurdle) or a retrenchment from the current level ..... Agatha tells me that's reasonable logic :-)

KenBachelor - 28 Sep 2016 21:19 - 151 of 359

Well done Cynic - I'm just hoping we'll add a few more points in the morning, so that we can open another short before reality sets in. If it does keep going, 3 more levels will balance the books.

The Juggler - 28 Sep 2016 22:59 - 152 of 359

Glad to see you settled in well here Ken and nice to see some new posters too.

Claret Dragon - 29 Sep 2016 07:44 - 153 of 359

I am intrigued. Will need a heads up on this one.

KenBachelor - 29 Sep 2016 08:07 - 154 of 359

With the overnight rise I should see another short trade at 08:15.

Claret - You'll find a lot of reading under the links, but for the basics just read the notes at the top of the table. Unfortunately everything isn't necessarily up to date, as I keep changing my settings to try to improve my results.

cynic - 29 Sep 2016 08:18 - 155 of 359

am also lucky to have had an excellent result on AAL (and BLT actually) having bought back in yesterday :-)

cynic - 29 Sep 2016 08:33 - 156 of 359

hope you didn't short at 8:15 as DAX now seems intent on roaring ahead
fortunately i am still long and i happen to know ken is too (with other earlier positions)

KenBachelor - 29 Sep 2016 08:44 - 157 of 359

Cynic - The table in the header will show that my 08:15 short did open and I'm now at level 4 (4 open shorts).

I don't have any long trades open as my last Somnus long closed yesterday at 19:26. It gave me 3 successful trades yesterday and that's very good by my normal standards.

cynic - 29 Sep 2016 08:57 - 158 of 359

i'm very happy too :-)

Bunny I am - 29 Sep 2016 08:57 - 159 of 359

Ken, like you I only have shorts open now but due to my sliding MMM preference I won't be opening a 3rd short until we get a signal at 10563.5 or beyond.
Re your 4th trade, I would have expected an increased trade size or did I miss something when I was away?

cynic - 29 Sep 2016 09:05 - 160 of 359

to my mind, if 10,550 holds then further upside more likely
however, the fate of deutsche bank will be a major factor

Bunny I am - 29 Sep 2016 09:13 - 161 of 359

I would agree with you cynic about further upside potential but with Somnus we are running on auto pilot and we must do what the lady says.
Ken, I tweaked my back at the airport yesterday lifting suitcases so at the last minute I had to withdraw from the Ryder cup team

KenBachelor - 29 Sep 2016 09:15 - 162 of 359

Now now Bunny, it's not like you not to read the history. There's only about 160 posts on here, but if you scroll back you'll find some tester results and they will explain my latest thoughts.

cynic - 29 Sep 2016 09:17 - 163 of 359

sigh of relief by darren then ..... he can now bring in someone he actully wants on the team :-)

i'm aware that somnus generates automatic signals and trades, but i confess i find that almost as scary as my patented pin method

cynic - 29 Sep 2016 10:18 - 164 of 359

more seriously ..... i'll get the info on somnus and try to make sense of it - i'm very very old and a simpleton :-)

===================

ken
i assume i need to download
Somnus Club MT4 Expert Advisor Notes and Installation Instructions

is there another bit i shall also need?

KenBachelor - 29 Sep 2016 10:23 - 165 of 359

Cynic - I'm still hoping to hear that you've read all the notes, but I'm answering you a little bit blind.

In the past I've been waiting until a series of trades is in debt by 16.5% of the current bank and then stopping the series and adding a trade manually at 30 x the original size, or at the moment in my case 30 x £2.50 = £75pp. At the moment I'm trying to find a cheaper alternative and a way of leaving Somnus to do everything automatically.

I've been analysing the strategy tester results that lead my latest method and the largest trade it opens is in fact £54.10pp, which is a lot less than £75. Please remember that all the figures I produce are based on my current bank level of approx £50k, so the figures should always be adjusted according to your own capital level.

KenBachelor - 29 Sep 2016 10:29 - 166 of 359

You beat me with your post, so ignore my first line.

Try the Somnus Demark Based Trading Notes updated 16 July 2016 first.

cynic - 29 Sep 2016 10:31 - 167 of 359

ta muchly :-)

kimoldfield - 29 Sep 2016 10:39 - 168 of 359

The whole thing terrifies me! I will read yours note though Ken when I have a moment, which won't be in the next two weeks. Thanks for coming over to MAM, it should all be very interesting (assuming I can make any sense of it!).

cynic - 29 Sep 2016 10:54 - 169 of 359

have now printed off and shall read thoroughly when i have a few minutes - and hope that it's in words of one syllable

i assume that, using your "40 point rule" this morning's short has now been closed ..... merely nosy :-)

Bunny I am - 29 Sep 2016 11:07 - 170 of 359

Thanks Ken, I always wondered how to best utilise the Initial Trades Lot Size Start variable. Have changed my settings accordingly.

Looks like a new Long trade may be developing?

cynic you can't be as very very old as Ken surely? :-)

cynic - 29 Sep 2016 11:11 - 171 of 359

probably even older as certainly few as old as me on MAM ...... i think Fred is older

cynic - 29 Sep 2016 11:37 - 172 of 359

ken
my little amoeba brain has read the article you suggested

on DAX (2nd section) are you saying 2 x 15 minute bars or 2 x 30 minute will at least trigger an alert?

in my experience (i use 10 minute as it happens), one frequently sees 3 or even 5 consecutive bars in one direction
more than 5 is progressively rarer, though i have on rare occasions seen 10 or even 12

ptholden - 29 Sep 2016 11:40 - 173 of 359

...............In the past I've been waiting until a series of trades is in debt by 16.5% of the current bank and then stopping the series and adding a trade manually at 30 x the original size, or at the moment in my case 30 x £2.50 = £75pp.............

Ken, isn't this the same as doubling up on red or black until you break even?

The danger of course that you keep losing until you run out of cash (margin).

Or with the indices we experience a flash crash which prompts the EA to open accumulative positions in the wrong direction. With HFT this has happened previously and will no doubt happen again.

If you're reaching the point where a single trade is committing a significant portion of your bank than surely the R/R is totally skewed?

KenBachelor - 29 Sep 2016 11:40 - 174 of 359

Cynic - I haven't closed any trades so far this morning as my T/P is currently 10,418.5.

I haven't mentioned it in my profile but I had my 81st birthday a month ago and I run this thread for very selfish reasons, 'to keep my brain working and I hope to stop the senile dementia setting in'.

Bunny - Yes it looks as if we'll see like a long in about 5 minutes, then we can look forward to our first successful trade of the day.

cynic - 29 Sep 2016 11:45 - 175 of 359

good heavens! .... lazarus aka pete holden rises from the dead :-)

ken - i bow to your ancient and aged wisdom :-) .... i am a mere whippersnapper at 70

KenBachelor - 29 Sep 2016 11:46 - 176 of 359

PTH - I would never advocate using the Martingale system on a roulette wheel. I've actually seen 46 consecutive reds come up myself, so I can't imagine what the record stands at.

That's what Somnus Club membership's all about: we pool our experiences for the good of everyone on the thread.

KenBachelor - 29 Sep 2016 11:47 - 177 of 359

It seems that Somnus didn't open the expected long, but it's bound to do so in the end.

ptholden - 29 Sep 2016 11:55 - 178 of 359

wotcha Richard, first interesting fred (and I don't mean the Corbynista) on MAM for yonks.

Ken, I get the club membership thing. I've always been fascinated by EAs but have yet to hear of one that actually works without manual intervention. Back testing is fine, but it's only ever testing what's happened and not what's going to happen. As we all know, the market is an ever changing beast.

Admittedly I haven't read the notes, so I don't know what triggers the trades, but if you have to keep adding to a losing position until the bet size is huge then eventually your pot will be blown. N'est-ce pas?

Also, if the EA depends on success by continuously averaging down, then surely the set up is flawed?

Just a few thoughts

KenBachelor - 29 Sep 2016 12:05 - 179 of 359

That's what we're here for PTH. Please feel free to contribute by suggesting a better way.

As I've said to Cynic if you're interested you just need to send me an e-mail, but I do insist on speaking to people so that I can be sure they are reasonably intelligent and able to understand that there are no guarantees in life no matter what the commercial advertisements say.

To even get this thread on here, I was surprised to find that I had to assure the MoneyAM MD that I'm not here to sell Somnus and that I give it away to people I consider suitable.

cynic - 29 Sep 2016 12:15 - 180 of 359

peter - are you still playing golf? ...... shall be in dubai at the very of of november, but as you're no longer a jolly tar, i guess that won't be of much interest :-) ..... btw am still in occasional contact with a mutual friend

ken
Dax is currently moving in a very narrow band, though it now feels to be trending a bit lower - ie to somewhere below 10,500 ...... somewhere around 10,450/460 might tempt me for a long

i'm not sure if i would pass the intelligence test!

KenBachelor - 29 Sep 2016 12:16 - 181 of 359

Now back to business. The long's just opened, so I'm expecting to close at least 1 trade series today.

ptholden - 29 Sep 2016 12:20 - 182 of 359

Ken, your system looks like it's doing very well for you.

I find it curious that your winning target for a single trade is £100, but you allow the system to open trades until the debt is 16.5% of your bank. In your case this represents £8250. So you're prepared to risk £8250 to win £100?

Actually that's only half the story because you're then adding an averaging down trade at £75pp. So for every 100pts you're risking an additional £7500.

At what point do you chicken out and take the loss?

It probably sounds like I'm being critical, I'm not.

But am I reading this system correctly?

cynic - 29 Sep 2016 12:24 - 183 of 359

ken - opened long i presume on the basis of 2 x 15 minute consecutive positive bars

KenBachelor - 29 Sep 2016 12:35 - 184 of 359

Cynic - not 15 minute bars: 30 minute bars based on 15 and 45 minutes past the hour.

We don't use the hour and ½ hour signals as it would involve signals at the open, and you know how the markets move at that time, or the close as you wouldn't be able to place the trade because the markets have already closed.

KenBachelor - 29 Sep 2016 12:39 - 185 of 359

PTH - I'm continually changing my settings and the latest ones are shown at the bottom of the header.

KenBachelor - 29 Sep 2016 12:45 - 186 of 359

Somnus is very flexible and if you want to lose money by using stop-losses, you can do so. It's your money, so I don't make rules I just say what I'm doing currently.

ptholden - 29 Sep 2016 12:49 - 187 of 359

Richard, I'll email you. Cheers

cynic - 29 Sep 2016 12:59 - 188 of 359

yup ken - i've picked up the 2 x 30 minute upward bars and they're currently still showing up, though 10/15 minute now show down

Bunny I am - 29 Sep 2016 13:11 - 189 of 359

PTH -Last year I did a 3 month analysis of the Somnus trades created and found that 90% of the trades generated were Level 1 winners ie the trade was successful without having to open a 2nd (or more) trade to bring the target closer. Although Kens header currently (since 14Sep) is showing 12 completed trades, 9 being L1 winners ie only 75%. So yes the main problem we have is to manage those L2 trades and beyond. I do not have the balls of steel that Ken has so I have to use a slightly different approach to protect equity/margin. However, in doing so I find that fewer trades are created and that I need to be more patient sometimes to achieve my target.

cynic - 29 Sep 2016 13:20 - 190 of 359

so bunny (ken), what does your lady friend tell you to do now?
nothing for now i guess though latest 30 minute bar is sharply down

agatha, my own secret sorceress, says that "the pin" indicated do nothing earlier nor even now .... however, to be awake if not alert if Dax now falls to around 10,450

KenBachelor - 29 Sep 2016 13:44 - 191 of 359

Cynic - As I'm sure you know Somnus was the goddess of sleep and when I started this project I had posted a message on advfn saying, 'surely it must be possible to create an automatic trading system that can be left to run itself and produce profits'.

There's always one and the reply said 'ha ha, people have been trying for years and nobody's ever succeeded'. I've been trying to prove him wrong ever since!

You never know on these boards but assuming that you are a man, I'm sure you will have learned long ago never to argue with a lady.

Regarding my next move, Somnus is waiting for a series to close or for a long trade signal when my long is more than £150 in debt.

Other than that I'm just sat here answering questions.

KenBachelor - 29 Sep 2016 13:55 - 192 of 359

Incidentally all the figures today from the US have been good, so why is the DOW dropping?

cynic - 29 Sep 2016 14:03 - 193 of 359

haven't been following USA as busy trying to unscramble some silly biz nonsenses
i'ld guess because it brings into focus the increasing likelihood (it's a certainty!) of a rate increase in december following the election of the crook or the maniac

also Dow has had a thumping rises for 2 days, albeit following an even bigger sell-off

===========

btw, Somnus was a geezer as the ending "us" should have told you :-)

cynic - 29 Sep 2016 14:17 - 194 of 359

DOW
am going to the gym shortly so shan't be able to follow, but i note cash Dow is now quite comfortably below 18,320
a short is worth considering

KenBachelor - 29 Sep 2016 15:36 - 195 of 359

Hi again.

It's always good to see the first trade closed each day as it means my wife can have her hair done tomorrow.

I'm now waiting for Somnus to give me the level 2 long signal, which will move the T/P to a more reasonable level.

cynic - 29 Sep 2016 16:23 - 196 of 359

i'm just back and note that Dow has fallen away as i thought it might
Dax does not yet look low enough for me to want to punt long

cynic - 29 Sep 2016 17:05 - 197 of 359

Dax now barely 10,400 and a quick look at the charts over the last couple of days indicates that a modest long may not now be a bad idea

i've tried to get a clue as to where Dow may now be headed, but certainly the daily chart just looks rather messy

KenBachelor - 29 Sep 2016 17:07 - 198 of 359

It may not be low enough for you Cynic, but I expect Somus to open my level 2 long in exactly 8 minutes.

Bunny I am - 29 Sep 2016 17:35 - 199 of 359

Got the 2nd long at 5.15 Ken but my T/P is 10493.5 because as you well know I am very greedy. Still no sign of Omar or JR though.

KenBachelor - 29 Sep 2016 17:45 - 200 of 359

Bunny - Perhaps they've gone to the Ryder Cup, thinking you would be playing there.

Whatever, I'm happy with this week and we still have time to close another couple of trades before it's over.

cynic - 29 Sep 2016 17:48 - 201 of 359

OUCH!
Dax now 10,354 and i reckon you must have dealt at a fair bit higher than that

Bunny I am - 29 Sep 2016 18:17 - 202 of 359

Loving this as I still have a very old 6 trade ring fenced short series open with a T/P of 10231.8 (see member current T/P link above).

KenBachelor - 29 Sep 2016 18:20 - 203 of 359

It really isn't important Cynic, because whatever happens I only get my £100 when the trade closes.

My level 3 long is now likely to open at 19:15.

KenBachelor - 29 Sep 2016 18:32 - 204 of 359

Bunny - I hope it drops and rescues you, but it's Omar's short that I'm concerned about. It's not like him to go off without telling us, so I just don't know what to think.

J0llyR0ger - 29 Sep 2016 23:45 - 205 of 359

Hello all, thread has certainly been busy, but I only found out if I login and look at the thread.

Really would have liked a thread email alert option to exist in MAM as in ADVFN. Maybe should put it to them on the enhancements thread.

J0llyR0ger - 29 Sep 2016 23:48 - 206 of 359

Ken, just noticed you have also joined Cynic's posh brigade ! Spill the beans...how did you do it?

Edit: Bunny is half way there as well !

OOOmar - 30 Sep 2016 02:56 - 207 of 359

Ken,

thanks for your concern, i still need 10017 and 9351 to close my both short ring fenced series. I have three longs just like you in my third series.
Also the ftse shorts still open.

Bunny I am - 30 Sep 2016 07:11 - 208 of 359

Got it on that initial 7am spike down Ken.
One of the 6 ring fenced trades goes back to July, which just goes to prove that you do need to be patient sometimes

KenBachelor - 30 Sep 2016 08:00 - 209 of 359

I'm pleased to see that we haven't lost our friends JR and Omar.

Well done Bunny.

I don't know how you guys can sit and watch those 'ring fenced' trades, knowing that the market may never return to the level you need. I suppose you just sit and hope that your winners will cover the losses.

It's very unlikely that we'll open another long in the next hour or so, but we may well be starting a short series about 10:15.

KenBachelor - 30 Sep 2016 08:02 - 210 of 359

It's dropping again now, so perhaps you should ignore the last line in 209.

KenBachelor - 30 Sep 2016 08:38 - 211 of 359

Your thoughts please guys.

As the number of open trades in a series increased, the difference in the T/P's reduces in proportion, so with 5 trades open the difference in the T/P for 50 points as against 40 points is only 2. Do you think it's worth asking Ivan to change the EA so that it allows the T/P to be changed by a chosen amount (say 2 pts) each time a trade is added?

cynic - 30 Sep 2016 08:46 - 212 of 359

i don't understand the question
however (a) it is the last trading day of the month and (b) Dax will react according to the perception of whether or not deutsche bank will actually fold

KenBachelor - 30 Sep 2016 08:53 - 213 of 359

Sorry Cynic - The question wasn't for you, it was for Bunny etc.

I wrote Omar, but I meant Ivan: he's the guy that did all the Somnus programming. It's my age that's the problem, sometime I have a senior moment. Perhaps it's best to just ignore me.

Chris Carson - 30 Sep 2016 08:54 - 214 of 359

Can you not just turn the bloody thing off Ken? You may as well at times like this and trade manually. Or if in doubt stay out? The amount of time spent fiddling with it sort of defeats the object don't you think? Sorry, don't want to sound negative but unless you have a portable loo daren't leave your screen. :0)

KenBachelor - 30 Sep 2016 09:03 - 215 of 359

Chris - Why would I want to turn it off?

I take it you trade manually but I reckon a ROE of 100% in a year, is a fair return. I asked Cynic what sort of return he gets, but he wasn't prepared to give me an answer. Perhaps you would be willing to tell me yours.

Chris Carson - 30 Sep 2016 09:13 - 216 of 359

Ken, no where near 100% return, but I am not a full time trader.

cynic - 30 Sep 2016 09:18 - 217 of 359

from what i have heard, most full time day-traders don't last long ..... ken is clearly one of the minority and pretty good at it ..... however, i have a feeling that his returns are a bit distorted as it seems he very rarely crystalises any losing positions

anyway, more power to his elbow, and certainly this is developing into an interesting thread

OOOmar - 30 Sep 2016 09:23 - 218 of 359

my 4th trade opened @ 10237.5
about the 2 points , yes Ken i go along with whatever you think,

cynic - 30 Sep 2016 09:34 - 219 of 359

oomar - long or short? .... i'm doing nothing, but my inclination would be to expect a bounce

KenBachelor - 30 Sep 2016 09:40 - 220 of 359

Omar - I don't propose actually doing it, but it's something we could consider adding next time I have Ivan working on the EA. Having said that I was hoping I wouldn't need to have it changed again, as it's working pretty well now.

I'm not going to at the moment, but there's nothing to stop anyone changing the T/P setting as trades are added. The question is, 'is the extra £5 worth the trouble'?

KenBachelor - 30 Sep 2016 09:55 - 221 of 359

Chris - I'm not a full time trader either. I retired when I reached 80 and I've got nothing better to do now.

I think you'll find that this is the only thread on the internet that posts every trade (good or bad) and provides all the details. Most just say something like 'I made a killing today or I made 20 points on my FTSE long'. They seldom mention the losers.

OOOmar - 30 Sep 2016 10:10 - 222 of 359

cynic,

the 4th trade is long.

Ken,

you have made another mistake with my name in post 220.

KenBachelor - 30 Sep 2016 10:28 - 223 of 359

Sorry Omar - But don't worry, I won't ask you to update the EA for us.

At 10:15 the initial short signal surfaced so we know what the next trade will be. It's now just a case of not knowing when it will open.

Our lady friend will know what to do!

Bunny I am - 30 Sep 2016 10:59 - 224 of 359

Ken I am out most of today but just a quick response to your suggestion.
I do not think it worth doing, there are too many variables already we don't need another one.

cynic - 30 Sep 2016 10:59 - 225 of 359

Somnus is a geezer as i told you before :-)
if a girlie, would have been Somna

KenBachelor - 30 Sep 2016 11:43 - 226 of 359

OK Cynic - But I still think she must be a girl, because she's always right!

Either way she's now opened a short and whichever way we go from here, we close a trade. I just hope the US moves the market enough for it to be today.

J0llyR0ger - 30 Sep 2016 11:44 - 227 of 359

Yup, cynic is spot on...

Who was Somnus

cynic - 30 Sep 2016 11:54 - 228 of 359

even the greek equivalent - the romans "stole" their gods from there - was a bloke (hypnos)

somnus seems to a classic stockbroker ..... sometimes right and sometimes says buy when sell was meant and vice versa :-)

currently, Dow is shrugging off fears about DB and Dax has recovered a good lump of its poise
however, all can change in a flash as we all know to our cost

KenBachelor - 30 Sep 2016 12:04 - 229 of 359

I've told you, Somnus is a girl as far as I'm concerned because she's always right.

I note that you haven't mentioned Somnos so if there's uncertainty about how to spell it, who knows? Now lets make some money.

J0llyR0ger - 30 Sep 2016 12:07 - 230 of 359

Ken, just hope the DB problems do not cause another GREXIT type scenario.

KenBachelor - 30 Sep 2016 12:27 - 231 of 359

JR - I haven't been keeping up with the news this morning, but if they do announce something over the weekend it will only open one trade and we just could still have a short open.

Who knows where we'll be tonight anyway. You can only check the history, you can't check what's going to happen in the future.

cynic - 30 Sep 2016 12:29 - 232 of 359

i note that uncle sam is hitting db, barclays and some american bank all at the same time to rake in $billions in very short order

i'm sure there will be much negotiating at gov't level though of course it would be strenuously denied

KenBachelor - 30 Sep 2016 12:42 - 233 of 359

At the moment we're sitting right in the middle between our T/P's, so it doesn't really matter which way it goes.

I'm sure the US will close at least one trade for us today.

Chris Carson - 30 Sep 2016 12:57 - 234 of 359

Ken - Re post 221, absolutely. Respect!

KenBachelor - 30 Sep 2016 13:51 - 235 of 359

Will the new short open first or will the long close first, that is the question!

14:15 should provide the answer.

cynic - 30 Sep 2016 14:37 - 236 of 359

with Dow already up 100+ Dax is being dragged with it and is now barely down on the day

KenBachelor - 30 Sep 2016 14:47 - 237 of 359

Cynic - My long closed at 14:27 and I think Bunny got his 50 points as well.

I'm just waiting for the level 2 short to arrive, which it's bound to at some time later.

cynic - 30 Sep 2016 15:23 - 238 of 359

i have a couple of Dax longs running too
looked pretty silly first thing, but now the larger one is now back in the money and i've set a limit as i'm driving down to bath shortly

KenBachelor - 30 Sep 2016 15:58 - 239 of 359

We seem to be on track to open the level 2 short in about 15 minutes.

KenBachelor - 30 Sep 2016 16:30 - 240 of 359

Is anybody still long here?

The above message tells you how much I know. A hundred point rise in 15 minutes and it's still going up.

I'll be FLPT made a killing.

OOOmar - 30 Sep 2016 16:53 - 241 of 359

when are we going to open the second short trade in series Ken????

KenBachelor - 30 Sep 2016 17:08 - 242 of 359

I give it 10 minutes Omar and then we'll raise the T/P to something more achievable, but we'll still need about 140 points correction to close.

With 2 trades open perhaps DB will go but over the weekend, but I doubt it.

J0llyR0ger - 30 Sep 2016 17:14 - 243 of 359

News came out that DB may settle for around $5 billion, which probably explains the extreme 100 point rise in 15 mins

Chris Carson - 30 Sep 2016 17:18 - 244 of 359

German Bank Holiday on Monday.

KenBachelor - 30 Sep 2016 17:34 - 245 of 359

Yes you're right Chris, I'm afraid I forgot but I'm entitled to a day off so I'll take one myself.

The level 2 short is now open.

Bunny I am - 30 Sep 2016 17:40 - 246 of 359

Ken - Amazing few days for me since I got back on Weds.
3 new trades closed (x50) as well as my 2 ancient ring fenced trades closing so that's 250pts in 2 1/2 days using a max dd of 13%. Please thank the old lady for me.
My sliding MMM means I won't be opening the 3rd trade of the current short series until we get a signal at 10663 or beyond

cynic - 30 Sep 2016 18:28 - 247 of 359

my limit came in at 10,450 for which i am very thankful

i confess to having had fat fingers when i placed the trade, so after the overnight horrors, it was a distinct relief to escape with a modest 25 point profit
half a brain would have promptly cancelled a lump and taken the small loss ..... i don't have even half a brain :-)

i still have one "sensible" Dax long running from 10,708 but the loss on that is no big deal and i dare say there'll be a profit there on monday/tuesday

==================

just noticed Dax about 100 points higher than my limit level, but as i was driving to bath, i was not going to take any potentially hefty risk

cynic - 30 Sep 2016 18:47 - 248 of 359

.

cynic - 30 Sep 2016 18:47 - 249 of 359

have just been checking back and note that Dax is now firmly through an important resistance level (formerly a support) and Dow likewise

i doubt i'll open a new positions to run over w/e as that would be a bit brave, but it'll make monday interesting

FLVT - 01 Oct 2016 10:01 - 250 of 359

Well done to those on Somnus;
My system Weekly update;
I have a system run on 3 areas; DAX Live, DAX Demo, and fx on GBP/USD & EUR/USD,

DAX Demo; The account looks to do well, from £50K to £92K since June 16, the Balance is at all time high at the moment, should hit £100K in the next 2 weeks. From that, it give me comfort that it proves my system does WORK. Now, it is the case of improve it to ever tighter control when the market moves sideway, and whether I should s/l & pending overnight, knowing that there may be gaps in between, which option is better off for me, and lastly a general tidy up... That's it, all done. But can I put my feet up finally?

fx Demo: Even though all are using the same system, but the account keep on losing money, which I don't know why; may be the settings not right for fx? I haven't decided what to do; give up on fx; or continue to investigate...

DAX Live: - Like any account, there must be a minimum operational account level in order to function, as the trading move to a higher level, with higher stake, the demand is more and more; as the DAX move up and down during the week, I decided not to put any more CASH into the account (for the time being at least), but instead, cut back on my stake instead (close some higher level positions).
Like every one, it need to stand on its own feet, and so I decide that I let it build up again on a lower level.

You can see all in details via my usual link.

Best of luck to you all, as always.

FLVT

KenBachelor - 01 Oct 2016 11:09 - 251 of 359

FLVT - Well done. It looks as if you can give up work now and spend the winter on your yacht in the Caribbean.

Unfortunately Somnus is not as clever as your German Growth system and doesn't stand any chance of achieving 85.38% in such a short time. What's more I certainly couldn't handle recording 159 trades a week.

KenBachelor - 02 Oct 2016 10:40 - 252 of 359

FLVT - Looking back at your post and my comment above, I've realised that your figures include the 24 June (Brexit). We're not comparing like with like, but if I include my £27k of Brext winnings who knows what the comparison would reveal.

FLVT - 02 Oct 2016 11:32 - 253 of 359

Yes Ken;
Equity Balance;
Just before BrExit: £32K,
Just after BrExit: £70K, a gain of £38K.
Now; £92K.

Also, I not not try to compare which is a better system, but simply tell you and others how I getting on. A opposite approach to the same profit - How to gain from the market. My base stake is 0.001% (70p/80p), where as yous is starting @ £2.00. Therefore like-for-like is not the same, otherwise my profit need to multiply by 2+ times.

Anyway, I do feel Somnus is more safe than ever, as there is a limit of 6 trades, so there is a limited downside. But having double stake on 2nd series and beyond, with the market behave unpredictable, there may be one day the worse can happen, but I hope not. As you know me, I do try to cater for all possibility. So I do feel that you need £30K+ on £1/pp stake to be on the safe side.

On my system, yes most trades are protected in a way, but when the market move sideways, without knowing when the breakthrough will be, I am loosing cash that way (and yes, t/p will be adjusted accordingly), but at the mean time, my cash flow will be running low, with higher level coming up, my stake/pp will increase, that means more margin will be required. Therefore, I cut my level down in the LIVE system to protect my pot. Otherwise, more margin will require where I may not have. Therefore I decided to build up the pot slowly. If I feel the market move sideways, I would do the same again. I assume just like you stop the series after the 6th trade.

On the whole, I do feel I am more comfortable than yours is that I can leave it automated (provided I give it a reasonable capital to start with, in testing; just £2k, but in LIVE, most likely to be £5K, with 0.001% stake), as the system is self balance, when given enough cash to cater for the sideway market move. There is no monitoring with the use of 2nd charts etc. That's the objective of an EA's.

But your objective is more different, that give you a FULL time job, right? :-)

Enough as it is now, give you another update later on.

Best of luck to you all, as always.

p.s. I may not be posting, but I am always around...

cynic - 02 Oct 2016 11:34 - 254 of 359

monday will be interesting
not sure whether or not i'll do anything though i banked some Dax profit on friday so have a fair amount in the kitty

as it stands both Dax and Dow have rallied through important levels though FTSE has yet to get there

Chris Carson - 02 Oct 2016 13:26 - 255 of 359

Hi Ken, these are interesting times. And as cynic has remarked above though not mentioned, now that TM has given an approximate deadline (end of March) for Article 50 then uncertainty could but not necessarily spook the markets. What intrigues me is why your good self after sixteen years over the road on the BARC thread has changed direction, ie buy and hold to system trading? At age 81. Respect.

KenBachelor - 02 Oct 2016 15:39 - 256 of 359

Chris - Do you really want my life's history apart from what it says in my profile?

I invested about £760k in what I considered safe/dividend producing shares as a retirement hedge and they are now worth about £305k. The truth is I've lost interest in them as there's nothing I can do except sit tight and hope that my children will benefit eventually.

I retired in March last year and to me this thread is simply a way of keeping my brain active and at the same time it pays for my wife's hairdresser and a few holidays.

Chris Carson - 02 Oct 2016 16:17 - 257 of 359

:0) Brilliant Ken.

cynic - 02 Oct 2016 17:27 - 258 of 359

perhaps she's been raiding your pension pot if it really has lost about 60% of its value

confess i got very lucky when "accidentally" buying that little freehold in W11 back in 1978

cynic - 03 Oct 2016 09:33 - 259 of 359

looks to me that Dax is beginning to run out of puff and it's probably true of Dow as well

depending on how preoccupied i am, may take a small Dax short later or even shortly as i note from the 10-minute chart that 10,560 is proving something of an obstacle

FLVT - 03 Oct 2016 09:58 - 260 of 359

FT100 mega jump this morning, is that to do with BrEXit timetable, or market in general.

GKFX demo is dead again, but the LIVE is OK.
They looks to have so much trouble lately, any suggestion on another broker, at least for the DEMO for the time being. I think IG is no good as they spike their price all the time to gain their advantage on their book, expecially on non-trading hrs. (my view, and my view ONLY).

So, what are you using, and why? any suggestion?
Thanks in advance.

cynic - 03 Oct 2016 09:59 - 261 of 359

IG L2 gives live prices so i don't think that can be rigged

cynic - 03 Oct 2016 10:09 - 262 of 359

dopey cynic :-)
forgot it was a holiday in germany today so shan't do anything or at least not on Dax

FLVT - 03 Oct 2016 10:09 - 263 of 359

Cynic,
What is the definition of a LIVE prices? To me, it is when the market is open, where all other brokers is up and running as well, then you can do comparison. As I work night, I check IG prices quite often during the night. I believe (not necessary true) that they spike up and down sharply during the night, when no one else has the LIVE trading. So, there is nothing to compare with. Yes, there is Far-East's new may make a different. What I find strange is that after spike up, as well as down. It mostly end of the same point as last night closing area.

As I said, my view, and my view ONLY, not necessary true.

FLVT - 03 Oct 2016 10:14 - 264 of 359

Apart from IG, another broker has DAX "LIVE" price at the moment?

KenBachelor - 03 Oct 2016 10:15 - 265 of 359

FLVT - There's no DAX trading, as it's a holiday. IG are of course trading it.

We should see a decent move tomorrow morning, but I'm not guessing which way it will be.

cynic - 03 Oct 2016 10:22 - 266 of 359

sorry m8 but i go to sleep at night :-)
suggest you give IG a call and ask them a straight question
it is likely that cash Dax between say 22:00 and 07:00 is more a reflection of what is happening on F/E markets and a "guesstimate" by the brokers of where things will be heading come the morning

KenBachelor - 03 Oct 2016 10:22 - 267 of 359

Cynic - I've probably posted this on here before, but I wouldn't use IG. When a friend asked why a spike had closed his trade the answer they gave was that 'their T&C's allow them to close trades to balance their books'.

Of course it's your money you're trading with not mine!

FLVT - 03 Oct 2016 10:25 - 268 of 359

Morning Ken,
I am not having a go with IG, I just prepare myself, may be a move away from GKFX, as I find their system down too often, LIVE as well as DEMO.
As DEMO is still down, if you are trading on fx, that's 10 hrs trading... It may not be important if you are trading LIVE, for testing, it is.
Also, LIVE market is often down up to 20Mins at the start if trading as well.

So, just broker hunting/looking...

p.s. Ken, you just hit it directly on the nail. I assume not many of their client know that! do they read their T&C, I wonder.

cynic - 03 Oct 2016 10:28 - 269 of 359

i think i've only once had a problem with IG and i think that was legit - ie when the markets collapsed o'night following the brexit vote

other than that, and like you, i don't run stops as spikes in either direction are quite common nowadays with so much computer-driven trading

FLVT - 03 Oct 2016 10:44 - 270 of 359

Yes, spike may do nothing, as you don't have STOP, but can generate more un-wanted trading positions, as price hit certain levels, which can be worse!

KenBachelor - 03 Oct 2016 10:52 - 271 of 359

Sorry FLVT - I've looked at several and I can't find anyone better than GKFX, but please let us know if you do.

With the exception of IG, as far as I've been able to find they all seem to use the same futures data. IG don't of course and that's why they are able to trade while others are closed.

Give your account manager a ring and ask why your live trading is working, but your demo isn't.

FLVT - 03 Oct 2016 11:01 - 272 of 359

Usual story, "Server is down, engineer is looking into the problem."

And it is still down...

Also, I am looking into cTrader instead of MT4 as well.

I keep you all update whenever there is news.

cynic - 03 Oct 2016 11:09 - 273 of 359

certainly the is currently no problem with IG L2 platform

btw, i wouldn't dare use a system that triggered further positions, especially while i'm physically asleep

FLVT - 03 Oct 2016 11:33 - 274 of 359

Cynic,
If I am right, you are manual trade rather than automated trading via an EA's, as new positions can be created, depends on your strategy, current price etc. So, new positions can be created while you are away from the monitor, either asleep, shopping, or even on holiday. That's the idea in the first place. :-)

cynic - 03 Oct 2016 11:51 - 275 of 359

no kidding!
i admit it's a bit of a risk, but i try to be disciplined and keep my positions at a sensible level

as i still choose to work, it happens that i am near my screen much of the time and can also follow on my phone if i want or need

FLVT - 03 Oct 2016 14:39 - 276 of 359

Scan through the market, the best I find so far...

https://www.fxcm.com/uk/indices/trading-costs/
DAX30, spread is 0.9,
NO swap charges on LONG nor SHORT, which I find it unbelievable, but I spoke to a dealer (call went to US initially, then transfer back to UK office). BUT it is true, at the moment.

I can only take what he said at the moment... May be the SWAP charges are in the spread already, as I know there is "No such thing as a free lunch". But if the standard spread is 0.9, even move to 1.0, which is just the same as GKFX, still gain in a way. But I have to check it out with a demo account sometime in the future.

KenBachelor - 03 Oct 2016 15:36 - 277 of 359

I can't think what it is, but there is one service on which the spread is 0.85.

It's not the spread that concerns me as it's so fractional, but I thought you were looking for a more reliable service and who knows the answer, I don't.

If you decide to give them a try, good luck and please let us know how their service compares.

FLVT - 03 Oct 2016 15:40 - 278 of 359

Yes, I am looking for a service reliable as a top priority. But cost involved as well. More Swap charges by a SB company don't mean better service. and I wouldn't know until I move the account there, in the small way, at least.

p.s. At 15:42, the GKFX demo system is still down, looks as though they don't really care on those on a demo. As I can't see how a LIVE system can be down this long...

cynic - 03 Oct 2016 16:42 - 279 of 359

Agatha's pin indicated that a small Dax short o'night was not a bad punt from 10,477
she reckons there's the potential of a quick 100 points but to be satisfied to accept less

:-)

KenBachelor - 03 Oct 2016 17:14 - 280 of 359

FLVT - Why don't you open a demo account on FXCM and run them in tandem so that you can see which is the most reliable?

FLVT - 03 Oct 2016 17:22 - 281 of 359

Just did.
With different spread, I can tell you which is better off as well.

I report back at end of year.

KenBachelor - 04 Oct 2016 07:46 - 282 of 359

Good morning Somnus traders - No real movement over the weekend, but just enough to give us a valid initial long signal, so anything can happen this morning.

cynic - 04 Oct 2016 08:23 - 283 of 359

good morning ken ...... my foray last night was ill-timed, though it is counterbalanced by a long-running long .....
out of interest, does Somnus now indicate that Dax is now heading for a potential hurdle at ~10,580?

KenBachelor - 04 Oct 2016 08:53 - 284 of 359

Cynic - As I said above Somnus produced a valid long initial signal at 07:15 this morning and as you will know by now, the trade opened at 08:15. It closed at 08:27 so it as it closed within 15 minutes it was what we call a quickie.

Somnus doesn't attempt to predict which way the market will move, it simply aims to catch a reasonable proportion of the movements when they happen.

KenBachelor - 04 Oct 2016 09:38 - 285 of 359

With the initial short signal already in place, subject to my MMM of 60 points it looks as if I could be opening my level 3 short at 09:45.

KenBachelor - 04 Oct 2016 10:04 - 286 of 359

The FTSE's now at a 10 year high and if it wasn't being held back by the financials who knows where it might be.

The DAX on the other hand still has about 1,700 points to go, so we'll have plenty of trades before that breaks into new territory.

skinny - 04 Oct 2016 10:27 - 287 of 359

Ken - without wishing to be pedantic, the FTSE isn't at a 10 year high.

27/04/2015 7122.74
16/04/2015 7119.35
15/04/2015 7111.72
21/04/2015 7105.13
28/04/2015 7103.99
24/04/2015 7102.59
10/04/2015 7095.36
17/04/2015 7093.52
22/04/2015 7092.34
13/04/2015 7089.84

KenBachelor - 04 Oct 2016 10:29 - 288 of 359

I don't know what's happening here this morning. 5 times I've corrected the html code in the header and as far as I can see 5 times MoneyAM have wrecked it.

Please can somebody tell me whether it's alright for them, or whether it's changed. If it's OK it's something happening on my computer, although I can't see how?

KenBachelor - 04 Oct 2016 10:35 - 289 of 359

OK Skinny - But you're splitting hairs.

KenBachelor - 04 Oct 2016 12:34 - 290 of 359

Sorry I would have missed that long as I've been out, but my girl friend was able to open it without me.

Claret Dragon - 04 Oct 2016 12:39 - 291 of 359

Within a whisker of new high.

Read recently that allowing for inflation over past 20 years FTSE 100 should be round 9000

As we all know it doesnt work like that.

KenBachelor - 04 Oct 2016 13:51 - 292 of 359

There's only been one post since I asked about the thread layout, but I've been in touch with Dee and she says that they're working on the Traders Room so that may be causing some problems on here.

She's going to let me know when they've finished, so that I can check it.

FLVT - 04 Oct 2016 14:30 - 293 of 359

I am not sure who may be using GKFX's DEMO server here;
As of 14:29, info from their technical team;

Luis:
I am afraid that, due to a technical problem our demo accounts are not working at present.

Our IT team is currently working to solve this as soon as possible.

You can either wait until this is sorted or get a new demo account through your MT4 trading platform by following these steps:

• Open your MT4 trading platform.
• Go to ‘File’ and select ‘Open an Account’.
• Select ‘GFKX-Demo-1’ for fix spread accounts or ‘GKFX-Demo-2’ for variable spread demos.
• Then, please click on ‘Next’ and select ‘New Demo account’.
• Enter your personal details and specify the rest of the field.
• After you click on ‘Next’, the details of the demo will appear on your screen.
FLVT:
Can I log in existing demo account to the new server?
Luis:
I am afraid that old demo are not available at the moment.
Further, demos are automatically deactivated if you do not place any trades during a calendar month.
FLVT:
Will the demo be fix in the near future? or must I go and get a new demo, as I have testing positions at the moment, not that easy to create again.
Luis:
Yes, our IT team is putting every effort to get the service back shortly.
Luis:
However I am afraid I cannot specify when this will happen.
FLVT:
OK. Thank you.

KenBachelor - 04 Oct 2016 14:51 - 294 of 359

Somnus has now closed 2 longs today, so we've pretty well made up for yesterday.

FLVT - The problem is that if there's a break it's not just difficult to recreate, it's absolutely impossible.

If you open 3 demo accounts on 3 different servers, it's still impossible unless you put every trade into a spreadsheet and then eliminate the duplications.

KenBachelor - 04 Oct 2016 15:43 - 295 of 359

JR - Your T/P's show that you're long and looking for 10,435.3. That can't be, so should it be in the short column?

J0llyR0ger - 04 Oct 2016 16:13 - 296 of 359

Ken, that entry must have been an old one from previous series. I have removed and added the new short t/p.

Also can confirm, the header does seem much bigger then before. The transactions table is spread across most of the screen

KenBachelor - 04 Oct 2016 16:27 - 297 of 359

Thanks JR - All they'll tell me is that they're working on the Trader's Room and that may be affecting this one. I told Dee that whatever they're doing is removing about half of the html coding in my header, so she's promised to let me know when the work's finished. I can't see how they can put the code back, so I'll just have to do it when she tells me it's ready.

I know a lot of the threads don't have any special code, but it must be affecting some others as well.

Chris Carson - 04 Oct 2016 16:52 - 298 of 359

You have to wonder, that drop from the close UKX is that algos closing their longs?

KenBachelor - 04 Oct 2016 17:26 - 299 of 359

With the valid initial long signal at 17:15, we may well see a trade at 18:15 or even 17:45.

cynic - 04 Oct 2016 20:29 - 300 of 359

i've been out in the sunshine nearly all day, but on coming home, i notice a sharp correction on Dow and that of course is carried across to both cash Dax and FTSE
in particular, cash Dax is now back well below the critical(?) 10,580 level

lots of interesting stuff in the offing i think, but i'm off to Barca tomorrow for a few days (biz), so shall find it hard to keep up to date

KenBachelor - 05 Oct 2016 08:05 - 301 of 359

We've closed our first long this morning and it looks as if we're gettng ready for another valid initial signal.

cynic - 05 Oct 2016 08:12 - 302 of 359

confess it's a shame Agatha's Pin could not predict the collapse of gold :-)

her pin was a bit premature in shorting Dax a couple of days ago, but she redeemed herself slightly by making another quick turn on the short tack yesterday while this old git was having a great day in the sunshine on the golf course

KenBachelor - 05 Oct 2016 08:27 - 303 of 359

Cynic - We don't use pins here, we just aim to make money and it looks as if the next long will open at 08:45!

Bunny I am - 05 Oct 2016 08:31 - 304 of 359

Make that 2 old gits having fun in the sunshine on the golf course yesterday.
Ken another 50pt T/P trade missed by a whisker. I need to seriously consider using T/P 40 and not try to be so greedy. I'll update the member T/P link sheet if and when I do.

KenBachelor - 05 Oct 2016 08:57 - 305 of 359

Hi Bunny - We've just opened a crazy long, so you're very brave if you try to get 50 points from that. I suppose you won't have had that one anyway, so it just means you've missed one 40 points and that's nothing to worry about compared to the number of 10 extra points you've had.

KenBachelor - 05 Oct 2016 12:01 - 306 of 359

Copied from the Bugs thread

Dee MoneyAM - 05 Oct 2016 10:46 - 256 of 256
Hi Guys,

Apologies for the inconvenience caused.
We're updating parts of the website over the next few days, please bare with us.

We will look into the matter further and address any issues as quickly as possible.

Thanks,

Dee.

FLVT - 05 Oct 2016 12:36 - 307 of 359

Brief update on FXCM;

1. There is NO overnight swap charges.
2. Spread is variable, between 0.3 and 2, average around 0.9, what you get, is down to your luck.
3. 2 decimal places on quote price.

Otherwise, no major different between between GKFX and FXCM. May be a bit more tools or facilities, yet to be investigated.

My development platform has moved.

Best of luck to your trades, as always.

FLVT

Bunny I am - 05 Oct 2016 12:46 - 308 of 359

FLVT - Re your FXCM info
What is the min trade size? 10p or £2.00.
If its 10p does it go up in multiples of 10p or can you place say a 15p trade size?

cynic - 05 Oct 2016 13:05 - 309 of 359

bunny - whereabouts do you play?

just arrived in Barca :-)

=================

am happy that my Dax positions are running at neutral, but that only forms a part of my trading portfolio
balance is with individual stocks

FLVT - 05 Oct 2016 13:07 - 310 of 359

Bunny, Min 10p, in step of 1p.
Trade can be partially close, I believe.

KenBachelor - 05 Oct 2016 13:36 - 311 of 359

Now that the 2nd long of the day's closed, I'm going to do a bit of gardening.

Bunny - You know how big my front garden is so as you seem to be the only club member here, please can you take over while I plant a few pansies?

Bunny I am - 05 Oct 2016 14:00 - 312 of 359

Wilco Ken, I will try to get mine to close @10608.1.

Thanks for info FLVT, I like the sound of that.
What is the downside to moving to FXCM then as I can only see positives.

cynic - I play on a half decent public course just north of Watford, what about you.
Current hcp 21, drifting upwards.

FLVT - 05 Oct 2016 14:22 - 313 of 359

Bunny;
Can't see it at the moment; time will tell.
When GKFX demo is down and dead for previous account holder, I am truly disappointed, as it took me quite a while to build up positions for testing purposes.
As their LIVE/DEMO is d now and again. So, for the time being, demo is moved. Haven't decided on LIVE yet.

cynic - 05 Oct 2016 14:29 - 314 of 359

The Grove i assume ...... if so, it's tough but fair though haven't played tgere for about 3 years

for me, a surrey course in the middle of a housing estate, but it's in ace condition (14 and trying to bring down)

Bunny I am - 05 Oct 2016 15:08 - 315 of 359

There you go Ken, an hour on the tiller and the Buy closes OK for 51pts
Back over to you.

KenBachelor - 05 Oct 2016 15:20 - 316 of 359

Thanks for your help Bunny. I was expecting you to do better than that and open my next short, but I'm sure you did your best.

KenBachelor - 05 Oct 2016 15:50 - 317 of 359

5 longs closed in a row and it's beginning to look as if we'll have another fairly soon.

KenBachelor - 05 Oct 2016 17:21 - 318 of 359

It looks like 17:45 for the next long and if I'm right about the time, it will be an even crazier trade than the last one. Still it doesn't matter as long as it opens, because you can't close a trade the never opened.

Bunny I am - 05 Oct 2016 19:27 - 319 of 359

Have just created a new FXCM demo account but can only see FX pairs on the symbols drop down list. I'll contact support to see how good they are.

J0llyR0ger - 05 Oct 2016 19:53 - 320 of 359

I did not get the 'daily confirmation' email from gkfx on Tuesday. Did everyone else using gkfx get theirs?

KenBachelor - 05 Oct 2016 19:54 - 321 of 359

Bunny - http://www.fxcm.com/uk/indices/trading-costs/

KenBachelor - 05 Oct 2016 19:57 - 322 of 359

JR - Thanks for the reminder. I didn't get mine either!

Bunny I am - 05 Oct 2016 20:03 - 323 of 359

Good point JR neither did I. In fact my last one was last Fri 30th!

J0llyR0ger - 05 Oct 2016 20:05 - 324 of 359

Yes, mine last one was also Fri 30th, but Monday DAX was closed, so that could be why that one did not appear

J0llyR0ger - 05 Oct 2016 20:11 - 325 of 359

I did get an email from gkfx today saying they are experiencing some technical issues.

The email explained how to fund your account while the issues are there. Basically using www.gkfx.co.uk/sca/account/login

Maybe these issues are affecting their email reports as well. If no report today, will have to chase up with support. No idea if the missing report can be sent.

Bunny I am - 05 Oct 2016 20:16 - 326 of 359

OK sorted the FXCM issue now
Looks like the Trading station has a minimum trade size of £0.10 but the MT4 platform has a minimum of £1.00. No good for me in that case.

KenBachelor - 06 Oct 2016 07:49 - 327 of 359

Am I the only one making money this morning?

If greedy Bunny gets his 50 points, I might get my level 4 short. It's very close at the moment.

KenBachelor - 06 Oct 2016 08:02 - 328 of 359

Well done Bunny!

KenBachelor - 06 Oct 2016 10:07 - 329 of 359

A new long due in about 7 minutes.

FLVT - 06 Oct 2016 13:24 - 330 of 359

FXCM update:
on MT4, 1 lots = 10p, not £1.00.
Also, there is no swap charge on each trades, but there is a rollover charge, and I think it is quite expensive, I had 20p LONG, and 20p SHORT, each cost me 7p/day each. They charge it manually into the account. I am still try to workout the how it is calculated.

For DEMO, it is quite good, as I can download 5 years of history (of any timeframe), and there are different app/tools available, which can be helpful for development.
As for running it LIVE, I am still sitting on the fence.

cynic - 06 Oct 2016 15:57 - 331 of 359

i happily admit that i do not have the time, skill or patience to glue myself to the screen to (attempt to) make money on relatively small movements

however, for those that do - and certainly a couple of you guys seem to be very good at it - there is much gold in them thar volatilities

Bunny I am - 06 Oct 2016 16:51 - 332 of 359

cynic - I have been out on the golf course again today and found my greedy long trade closed successfully and another new one has opened automatically. That's the beauty of Somnus you don't need to be at the screen all day to make money.

btw - let me guess, your local course is probably Wentworth in the middle of that big housing estate (:-)

KenBachelor - 06 Oct 2016 17:14 - 333 of 359

Cynic - I watch pretty closely and use my time trying to improve Somnus because I've got nothing better to do. No amount of watching makes any difference though.

I leave Somnus in charge when I'm away on holiday and I've flown to Tenerife, Cyprus and Majorca this year although I do take a laptop with me.

cynic - 06 Oct 2016 18:22 - 334 of 359

i don't quite understand why "the system" cannot run away with your money, though i accept that there is a limit to the number of automatic "top up" trades - 6 if i remember correctly

cynic - 06 Oct 2016 18:25 - 335 of 359

bunny - exactly so, but sadly, after nearly 50 years, i fear i shall be forced out come renewal next april fool's day ...... my sub will go up by 75% with only a promise of jam tomorrow and perhaps just 250 of the existing membership remaining

fortunately i am now a member at denham which is a terrific club (in the true sense) with a course that is more than acceptable in all respects ..... and exceptionally good catering too as it happens
i recommend it highly for any who seek a club to join and at a reasonable price (<£2,000 pa)

KenBachelor - 06 Oct 2016 18:52 - 336 of 359

Cynic - If you don't understand from what you've seen, all you need to do is put it onto a demo platform and you can leave it running for as long as you like at no cost at all.

J0llyR0ger - 06 Oct 2016 20:25 - 337 of 359

Cynic, I ran Somnus using a demo account for around 4-5 months. You can then see how it functions and ask away with your queries and concerns like I did in the early days.

Ken - still no daily confirmations received. I will chase up tomorrow with gkfx

KenBachelor - 06 Oct 2016 21:11 - 338 of 359

Nor me either JR, but they are having problems because I can't even access myGKFX. It's a good job I'm not ready to draw my 2nd divi yet, but I will be soon.

Bunny I am - 07 Oct 2016 08:18 - 339 of 359

FLVT - re FXCM, you are right of course, 1 lot = 10p on MT4.
I needed to change TP from 50 to 500 and Initial Lots Max Size from 2.50 to 25.0.
2 new trades generated in demo but no sign of any rollover charges or other costs as yet.

Bunny I am - 07 Oct 2016 08:36 - 340 of 359

Ken - I notice we have only had buy trade winners this week. Our stubborn active short series has been open for just about a week and during this time we have missed a few new short winning lev1 opportunities.
My strategy under these circumstances is to either create a new (supportive) manual trade at double the last trade size or leave as is but either way I will be ring fencing the current open series. I'll then change the magic number on the chart which will in turn unclog my short trading.
Having said all that, the way we are going this morning it may close itself later today!

Also just for info I have tidied up some of my info on the member T/P sheet around rows 42 to 54.

FLVT - 07 Oct 2016 09:13 - 341 of 359

Morning All;
The DAX has just fell off the cliff, to your advantage of course, is it enough to reach your t/p, time will tell.

I can confirm that FXCM has LONG swap charge only, just like GKFX, the cost is (on my demo account) £0.07 per 1 lots (£0.10), per day. The charge is an entry on the account's history, therefore the swap will always be zero. EA has to be changed to cater for this.

Once I sort out my EA, I will put up a demo account on both broker, with identical settings; everyone will be able to view the result, in such as way that how DOWNTIME on their server affect your trading, in term of profit potential.

KenBachelor - 07 Oct 2016 09:29 - 342 of 359

Bunny - I've only reached level 3 with my short, so the change I've made hasn't made any difference yet. Even the enormous drop this morning didn't open a level 2 long and now we're about back to where we started so I'm still stuck on both trades.

If I start dabbling it just becomes a case of using Cynic's pin method, so I just have to wait until something closes and that could be several days so don't hold your breath.

KenBachelor - 07 Oct 2016 10:33 - 343 of 359

I hate to say this guys, but I think I'm going to have to go back to advfn over the weekend unless they improve on what you see above.

If you've got any other ideas on a home for this thread, please let me know.

FLVT - 07 Oct 2016 12:17 - 344 of 359

Oh dear, you are not a very happy Bunny, are you Ken.
Just like me with my test bed.... a few day ago.

I will follow you where ever you put the thread.

Keep smiling... Life is not as bad as it look... :-;

KenBachelor - 07 Oct 2016 12:54 - 345 of 359

I put a message on their Bugs thread and as there was no reply I posted another saying 'Is anybody there?'

You won't find my post because they've overwritten it with the answer, telling me 'to e-mail with anything important'.

Now back to business: I've eventually got my level 2 long, so that's moved the T/P's closer together which gives us a reasonable chance of closing something today.

FLVT - 07 Oct 2016 15:47 - 346 of 359

Same with GKFX at the moment, no 'LIVE' chat, no new demo account....

cynic - 07 Oct 2016 16:02 - 347 of 359

what's the problem chaps?
confess i really do not like advfn and follow just the one thread there (FAR9)

ken - am embarrassed that you should be tempted by Agatha :-)

cynic - 07 Oct 2016 16:47 - 348 of 359

anyway, Agatha's timing wasn't the greatest but short Dax is now looking the better choice

however, 10,450 may be the bottom of this correction, and it's nearly there
that said, the volatility of the markets is such that it's very difficult to call

FLVT - 07 Oct 2016 16:55 - 349 of 359

Can't see the header, but base on what I can remember, your SHORT is going to close soon.
Well Done.

J0llyR0ger - 07 Oct 2016 17:26 - 350 of 359

Called gkfx today. They still have their technical issues which is also preventing the 'daily confirmation' reports being emailed.

You can manually request these reports either by email or telephone. I received my missing ones for this week.

But I still cannot login to MyGKFX on their website. They reset my password, but still cannot login. So if you want to top-up your SB account you have to do a bank transfer.

I know the new password they gave me works as I had to use to log back into MT4 after the reset. But cannot change the password until I can login to MyGKFX !

J0llyR0ger - 07 Oct 2016 17:29 - 351 of 359

I do hope these multiple series trades do stop happening !. Seems when one has just about being closed another one starts.

We seem to have had a fair number of the multiple series trades recently.

KenBachelor - 07 Oct 2016 18:02 - 352 of 359

JR - The number of trades allowed in a series is up to you. I'm testing 7 at the moment, but I'm only up to 3 levels on the shorts and 2 on the longs so I've got a long way to go.

J0llyR0ger - 07 Oct 2016 18:47 - 353 of 359

Ken, I miss having more level 1 trades as opposed to levels 2,3,4 etc. Lately just seem to be having more levels 2,3, or 4. I don't think switching to a lower number would actually help. It would take a very long time to start to close the trade if I had set trades in series to 1 as the t/p would be a little speck in the distance if the trade goes against me.

KenBachelor - 07 Oct 2016 21:31 - 354 of 359

JR - I agree, it wouldn't help at all. In fact it would certainly be expensive.

As we've closed 5 trades this week all at level 1, I thought you didn't like to see the 2 multiple level trades we still have open. 1 of them has to close soon.

KenBachelor - 08 Oct 2016 08:38 - 355 of 359

Copied from the Bugs thread:- Bullshare - 07 Oct 2016 16:01 - 288 of 294

As part of both Shares and MoneyAM site upgrades we are introducing a new forum on Shares magazine which will be used by MoneyAm in due course. We are re-writing our BB, its 14 years old now and needs to be brought on a bit.

Most BBs now disallow any html, we have tried to keep as much as we can but iFrames of content, particularly 3rd party, gives over content control to other parties.

M

I'm very disappointed but I think I'll just have to go back to where we came from.

J0llyR0ger - 08 Oct 2016 10:29 - 356 of 359

Ken, your table above, is the 'px' value in the html code causing the table to be huge?

The value where you specify how big a graphic should be.

KenBachelor - 08 Oct 2016 10:40 - 357 of 359

JR - It's not the setting that does it, it's the fact that when I save it it removes lots of the html.

You know where to find me.

KenBachelor - 08 Oct 2016 14:24 - 358 of 359

I don't know whether this link will work, but give it a try anyway Click here

Apparently it does, but they delete it if I put it in the header!

Bullshare - 10 Oct 2016 16:31 - 359 of 359

Ken; We have reformated your original posting. It was an image that had been set incorrectly.

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Index Trading with the MT4 Somnus EA (INDX)