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

It's beginning to look as if we won't be getting much action here today, so the current position is probably where we'll finish up this eveing.

I just hope I'm wrong!

Ken

I managed to register and be here.

Welcome Omar - What do you think of the header?

Yes Ken very good clearer charts.

DAX not update after 16:30, Dow after 1:30; Any reasons?
Apart from that; it's very good, Ken.

Yes the reason is that MoneyAM don't seem to have much of a service department, but have you tried to get advfn to do anything when you ask them?

FLVT - I didn't know the DAX is open after 16:30 and of course the same thing applies to advfn.

I was promised a response to the problems I've raised yesterday afternoon, but I'm still waiting.

Ken, I did a ring fence of the 3 open shorts like you and set a new magic number on a new chart.

Have since had a long and a short trade on the new magic number. You do not seem to have the short. Mine opened at 10644 with a 10604 t/p.

The short came to within a cats whisker of being closed (10604.8).

JR - I keep changing my mind over which settings to use and as you know I did close one extra short from series 2. I decided to turn the series 2 off and modify my EA to run through to trade 7 before series 2 starts, but even now I'm still undecided on the best approach.

DAX
you can certainly trade DAX and FTSE until about 22:00 via IG

for myself, i still have a DAX long running having closed out a DOW long on friday afternoon for a very nice profit

i still have some hopes that DAX will continue north but certainly wouldn't open a new position

Cynic - Welcome. Yes IG trade the DAX, but the reference from FLVT above was to the chart in the header and as far as I know that's only the live market.

We don't use IG because they virtually trade 24/7 and that means anything can happen while everyone's asleep. Many have been caught out by enormous spikes and when they are asked, their reply is that their T&C's allow them to close trades to balance their books.

Regarding the DAX on Monday, as you will see in the header we have a long looking for 10,716.9 and a short looking for 10,498.2, so either way we should be closing at least one trade.

i shall watch with interest as i do the FTSE thread

i almost never run stops for as you say, it is very easy to get caught out by a spike
however, unless you have guranteed stops, you can just as easily get mangled when the markets open badly down (or up) following "trouble" in USA or Far East

Hi Cynic, noticed your username has a couple of icons next to it. Being new to MoneyAM, what's the difference between your account and ours?

i'm posh and you're not :-)

one allows you to send me messages; the other a silly thumbnail self-sketch

Posh? more like sloshed -):

hi stan .... haven't seen you around for a while .... where have you been hiding?

Good morning anyone who happens to be around on Sunday.

Further to my comment above about still not being sure what the best settings are, I've been running some 12 month strategy tests commencing with a bank of £50k.

The results are displayed below, but please bear in mind that they are not accurate as the tester closes all trades at the T/P and doesn't include any extra such as the £27k I collected as a result of the Brexit result. It actually credited me with £212.

Profit £82,374 Annual Return 164.75% Max Drawdown 92.12%


Profit £88,014 Annual Return 176.03% Max Drawdown 80.09%


Profit £78,245 Annual Return 156.49% Max Drawdown 68.35%
In spite of it providing the lowest annual return because there are less trades, it seems to me that in view of the maximum drawdown figure the cautious approach is to use the following settings
Increase Trade Lot Size Start 6
Maximum Trades in Series 7

Afternoon Ken,
Purely looking at the chart, would anyone has a will power to continue after the Equity balance drop from;

1st chart - 100K to 15K;
2nd Chart - 50K to 2K;

They would be more into ring fence, than continue like you did.
As we more tends to protect our capital than more gain, who knows what's around the corner.

Hello Alf, been considering my position while the market has been pants for months.

Interesting thread Ken and although I don't do cfds or spread betting its good to be aware of different trading styles.

FLVT - As you will see, I'm going for the third option.

You're our resident expert on these things so please can you explain to me how the equity can ever be greater than the cash, as it's shown at one point on all 3 charts? To me it makes no sense at all.

Stan - We use GKFX spread-betting not CFD's. What do CFD's provide that makes the gains tax worth paying?