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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 FTSEIG Trading Live QuotesFTSE 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

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

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.

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

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.

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

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

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

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.

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.

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

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.

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.

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

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.

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

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.

you're far cleverer than me ken :-)

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.

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

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