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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

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.

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

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

ta muchly :-)

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!).

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 :-)

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? :-)

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

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

...............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?

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.

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

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.

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