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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 - 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

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

.

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

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

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.

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.

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...

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

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.

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.

:0) Brilliant Ken.

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

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

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.

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

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

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.

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

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.