Visitors since 4 April 2014     Click to skip to Header Update

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 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.

With the initial short signal already in place, subject to my MMM of 60 points it looks as if I could be opening my level 3 short at 09:45.

The FTSE's now at a 10 year high and if it wasn't being held back by the financials who knows where it might be.

The DAX on the other hand still has about 1,700 points to go, so we'll have plenty of trades before that breaks into new territory.

Ken - without wishing to be pedantic, the FTSE isn't at a 10 year high.

27/04/2015 7122.74
16/04/2015 7119.35
15/04/2015 7111.72
21/04/2015 7105.13
28/04/2015 7103.99
24/04/2015 7102.59
10/04/2015 7095.36
17/04/2015 7093.52
22/04/2015 7092.34
13/04/2015 7089.84

I don't know what's happening here this morning. 5 times I've corrected the html code in the header and as far as I can see 5 times MoneyAM have wrecked it.

Please can somebody tell me whether it's alright for them, or whether it's changed. If it's OK it's something happening on my computer, although I can't see how?

OK Skinny - But you're splitting hairs.

Sorry I would have missed that long as I've been out, but my girl friend was able to open it without me.

Within a whisker of new high.

Read recently that allowing for inflation over past 20 years FTSE 100 should be round 9000

As we all know it doesnt work like that.

There's only been one post since I asked about the thread layout, but I've been in touch with Dee and she says that they're working on the Traders Room so that may be causing some problems on here.

She's going to let me know when they've finished, so that I can check it.

I am not sure who may be using GKFX's DEMO server here;
As of 14:29, info from their technical team;

Luis:
I am afraid that, due to a technical problem our demo accounts are not working at present.

Our IT team is currently working to solve this as soon as possible.

You can either wait until this is sorted or get a new demo account through your MT4 trading platform by following these steps:

• Open your MT4 trading platform.
• Go to ‘File’ and select ‘Open an Account’.
• Select ‘GFKX-Demo-1’ for fix spread accounts or ‘GKFX-Demo-2’ for variable spread demos.
• Then, please click on ‘Next’ and select ‘New Demo account’.
• Enter your personal details and specify the rest of the field.
• After you click on ‘Next’, the details of the demo will appear on your screen.
FLVT:
Can I log in existing demo account to the new server?
Luis:
I am afraid that old demo are not available at the moment.
Further, demos are automatically deactivated if you do not place any trades during a calendar month.
FLVT:
Will the demo be fix in the near future? or must I go and get a new demo, as I have testing positions at the moment, not that easy to create again.
Luis:
Yes, our IT team is putting every effort to get the service back shortly.
Luis:
However I am afraid I cannot specify when this will happen.
FLVT:
OK. Thank you.

Somnus has now closed 2 longs today, so we've pretty well made up for yesterday.

FLVT - The problem is that if there's a break it's not just difficult to recreate, it's absolutely impossible.

If you open 3 demo accounts on 3 different servers, it's still impossible unless you put every trade into a spreadsheet and then eliminate the duplications.

JR - Your T/P's show that you're long and looking for 10,435.3. That can't be, so should it be in the short column?

Ken, that entry must have been an old one from previous series. I have removed and added the new short t/p.

Also can confirm, the header does seem much bigger then before. The transactions table is spread across most of the screen