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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

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.

sorry m8 but i go to sleep at night :-)
suggest you give IG a call and ask them a straight question
it is likely that cash Dax between say 22:00 and 07:00 is more a reflection of what is happening on F/E markets and a "guesstimate" by the brokers of where things will be heading come the morning

Cynic - I've probably posted this on here before, but I wouldn't use IG. When a friend asked why a spike had closed his trade the answer they gave was that 'their T&C's allow them to close trades to balance their books'.

Of course it's your money you're trading with not mine!

Morning Ken,
I am not having a go with IG, I just prepare myself, may be a move away from GKFX, as I find their system down too often, LIVE as well as DEMO.
As DEMO is still down, if you are trading on fx, that's 10 hrs trading... It may not be important if you are trading LIVE, for testing, it is.
Also, LIVE market is often down up to 20Mins at the start if trading as well.

So, just broker hunting/looking...

p.s. Ken, you just hit it directly on the nail. I assume not many of their client know that! do they read their T&C, I wonder.

i think i've only once had a problem with IG and i think that was legit - ie when the markets collapsed o'night following the brexit vote

other than that, and like you, i don't run stops as spikes in either direction are quite common nowadays with so much computer-driven trading

Yes, spike may do nothing, as you don't have STOP, but can generate more un-wanted trading positions, as price hit certain levels, which can be worse!

Sorry FLVT - I've looked at several and I can't find anyone better than GKFX, but please let us know if you do.

With the exception of IG, as far as I've been able to find they all seem to use the same futures data. IG don't of course and that's why they are able to trade while others are closed.

Give your account manager a ring and ask why your live trading is working, but your demo isn't.

Usual story, "Server is down, engineer is looking into the problem."

And it is still down...

Also, I am looking into cTrader instead of MT4 as well.

I keep you all update whenever there is news.

certainly the is currently no problem with IG L2 platform

btw, i wouldn't dare use a system that triggered further positions, especially while i'm physically asleep

Cynic,
If I am right, you are manual trade rather than automated trading via an EA's, as new positions can be created, depends on your strategy, current price etc. So, new positions can be created while you are away from the monitor, either asleep, shopping, or even on holiday. That's the idea in the first place. :-)

no kidding!
i admit it's a bit of a risk, but i try to be disciplined and keep my positions at a sensible level

as i still choose to work, it happens that i am near my screen much of the time and can also follow on my phone if i want or need

Scan through the market, the best I find so far...

https://www.fxcm.com/uk/indices/trading-costs/
DAX30, spread is 0.9,
NO swap charges on LONG nor SHORT, which I find it unbelievable, but I spoke to a dealer (call went to US initially, then transfer back to UK office). BUT it is true, at the moment.

I can only take what he said at the moment... May be the SWAP charges are in the spread already, as I know there is "No such thing as a free lunch". But if the standard spread is 0.9, even move to 1.0, which is just the same as GKFX, still gain in a way. But I have to check it out with a demo account sometime in the future.

I can't think what it is, but there is one service on which the spread is 0.85.

It's not the spread that concerns me as it's so fractional, but I thought you were looking for a more reliable service and who knows the answer, I don't.

If you decide to give them a try, good luck and please let us know how their service compares.

Yes, I am looking for a service reliable as a top priority. But cost involved as well. More Swap charges by a SB company don't mean better service. and I wouldn't know until I move the account there, in the small way, at least.

p.s. At 15:42, the GKFX demo system is still down, looks as though they don't really care on those on a demo. As I can't see how a LIVE system can be down this long...

Agatha's pin indicated that a small Dax short o'night was not a bad punt from 10,477
she reckons there's the potential of a quick 100 points but to be satisfied to accept less

:-)

FLVT - Why don't you open a demo account on FXCM and run them in tandem so that you can see which is the most reliable?

Just did.
With different spread, I can tell you which is better off as well.

I report back at end of year.

Good morning Somnus traders - No real movement over the weekend, but just enough to give us a valid initial long signal, so anything can happen this morning.

good morning ken ...... my foray last night was ill-timed, though it is counterbalanced by a long-running long .....
out of interest, does Somnus now indicate that Dax is now heading for a potential hurdle at ~10,580?

Cynic - As I said above Somnus produced a valid long initial signal at 07:15 this morning and as you will know by now, the trade opened at 08:15. It closed at 08:27 so it as it closed within 15 minutes it was what we call a quickie.

Somnus doesn't attempt to predict which way the market will move, it simply aims to catch a reasonable proportion of the movements when they happen.