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Index Trading with the MT4 Somnus EA (INDX)     

KenBachelor - 20 Sep 2016 09:44

Flag Counter     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.
Chart.aspx?Provider=Intra&Code=UKX&Size=410&Skin=GreenWhite&Scale=0&Type=3&Cycle=MINUTE15&Layout=Intra;IntraDate&E=UK&YFormat=&XCycle=Hour2&Fix=1&SV=0 Chart.aspx?Provider=EODIntra&Code=UKX&Size=410&Skin=GreenWhite&Type=2&Scale=0&Span=YEAR1&MA=&EMA=&OVER=&IND=&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0
Chart.aspx?Provider=Intra&Code=DEX.&Size=410&Skin=GreenWhite&Scale=0&Type=3&Cycle=MINUTE15&Layout=Intra;IntraDate&E=UK&YFormat=&XCycle=Hour2&Fix=1&SV=0 Chart.aspx?Provider=EODIntra&Code=DEX.&Size=410&Skin=GreenWhite&Type=2&Scale=0&Span=YEAR1&MA=&EMA=&OVER=&IND=&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0
Chart.aspx?Provider=USIntra&Code=INDU&Size=410&Skin=GreenWhite&Scale=0&Type=3&Cycle=MINUTE15&Layout=Intra;IntraDate&E=US&YFormat=&XCycle=Hour2&Fix=1&SV=0 Chart.aspx?Provider=EODIntra&Code=INDU&Size=410&Skin=GreenWhite&Type=2&Scale=0&Span=YEAR1&MA=&EMA=&OVER=&IND=&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0
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.

SomnusTrades.png

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
 
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To view or update member's current T/P's Click here. To view forthcoming Economic News Click here. Ken Bachelor

KenBachelor - 08 Oct 2016 14:24 - 358 of 359

I don't know whether this link will work, but give it a try anyway Click here

Apparently it does, but they delete it if I put it in the header!

Bullshare - 10 Oct 2016 16:31 - 359 of 359

Ken; We have reformated your original posting. It was an image that had been set incorrectly.
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