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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

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.

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

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.

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

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 :-)

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.

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

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

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.

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

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)

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.

i'm very happy too :-)

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?

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

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

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.

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

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?

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.