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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

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.

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!

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

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?

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

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.

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

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.

Richard, I'll email you. Cheers

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

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.

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

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.

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

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

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

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

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.

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

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

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