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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

Good point JR neither did I. In fact my last one was last Fri 30th!

Yes, mine last one was also Fri 30th, but Monday DAX was closed, so that could be why that one did not appear

I did get an email from gkfx today saying they are experiencing some technical issues.

The email explained how to fund your account while the issues are there. Basically using www.gkfx.co.uk/sca/account/login

Maybe these issues are affecting their email reports as well. If no report today, will have to chase up with support. No idea if the missing report can be sent.

OK sorted the FXCM issue now
Looks like the Trading station has a minimum trade size of £0.10 but the MT4 platform has a minimum of £1.00. No good for me in that case.

Am I the only one making money this morning?

If greedy Bunny gets his 50 points, I might get my level 4 short. It's very close at the moment.

Well done Bunny!

A new long due in about 7 minutes.

FXCM update:
on MT4, 1 lots = 10p, not £1.00.
Also, there is no swap charge on each trades, but there is a rollover charge, and I think it is quite expensive, I had 20p LONG, and 20p SHORT, each cost me 7p/day each. They charge it manually into the account. I am still try to workout the how it is calculated.

For DEMO, it is quite good, as I can download 5 years of history (of any timeframe), and there are different app/tools available, which can be helpful for development.
As for running it LIVE, I am still sitting on the fence.

i happily admit that i do not have the time, skill or patience to glue myself to the screen to (attempt to) make money on relatively small movements

however, for those that do - and certainly a couple of you guys seem to be very good at it - there is much gold in them thar volatilities

cynic - I have been out on the golf course again today and found my greedy long trade closed successfully and another new one has opened automatically. That's the beauty of Somnus you don't need to be at the screen all day to make money.

btw - let me guess, your local course is probably Wentworth in the middle of that big housing estate (:-)

Cynic - I watch pretty closely and use my time trying to improve Somnus because I've got nothing better to do. No amount of watching makes any difference though.

I leave Somnus in charge when I'm away on holiday and I've flown to Tenerife, Cyprus and Majorca this year although I do take a laptop with me.

i don't quite understand why "the system" cannot run away with your money, though i accept that there is a limit to the number of automatic "top up" trades - 6 if i remember correctly

bunny - exactly so, but sadly, after nearly 50 years, i fear i shall be forced out come renewal next april fool's day ...... my sub will go up by 75% with only a promise of jam tomorrow and perhaps just 250 of the existing membership remaining

fortunately i am now a member at denham which is a terrific club (in the true sense) with a course that is more than acceptable in all respects ..... and exceptionally good catering too as it happens
i recommend it highly for any who seek a club to join and at a reasonable price (<£2,000 pa)

Cynic - If you don't understand from what you've seen, all you need to do is put it onto a demo platform and you can leave it running for as long as you like at no cost at all.

Cynic, I ran Somnus using a demo account for around 4-5 months. You can then see how it functions and ask away with your queries and concerns like I did in the early days.

Ken - still no daily confirmations received. I will chase up tomorrow with gkfx

Nor me either JR, but they are having problems because I can't even access myGKFX. It's a good job I'm not ready to draw my 2nd divi yet, but I will be soon.

FLVT - re FXCM, you are right of course, 1 lot = 10p on MT4.
I needed to change TP from 50 to 500 and Initial Lots Max Size from 2.50 to 25.0.
2 new trades generated in demo but no sign of any rollover charges or other costs as yet.

Ken - I notice we have only had buy trade winners this week. Our stubborn active short series has been open for just about a week and during this time we have missed a few new short winning lev1 opportunities.
My strategy under these circumstances is to either create a new (supportive) manual trade at double the last trade size or leave as is but either way I will be ring fencing the current open series. I'll then change the magic number on the chart which will in turn unclog my short trading.
Having said all that, the way we are going this morning it may close itself later today!

Also just for info I have tidied up some of my info on the member T/P sheet around rows 42 to 54.

Morning All;
The DAX has just fell off the cliff, to your advantage of course, is it enough to reach your t/p, time will tell.

I can confirm that FXCM has LONG swap charge only, just like GKFX, the cost is (on my demo account) £0.07 per 1 lots (£0.10), per day. The charge is an entry on the account's history, therefore the swap will always be zero. EA has to be changed to cater for this.

Once I sort out my EA, I will put up a demo account on both broker, with identical settings; everyone will be able to view the result, in such as way that how DOWNTIME on their server affect your trading, in term of profit potential.

Bunny - I've only reached level 3 with my short, so the change I've made hasn't made any difference yet. Even the enormous drop this morning didn't open a level 2 long and now we're about back to where we started so I'm still stuck on both trades.

If I start dabbling it just becomes a case of using Cynic's pin method, so I just have to wait until something closes and that could be several days so don't hold your breath.