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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

JR - I don't know, because I'm only just trying it.

I can't get the charts to work, so if we move here it might be best to simply remove them. They only provide data while the markets are open, so they're a bit of a waste of time anyway.

The one facility I have found useful, especially while I've been amending the header, is the ability to preview the changes before actually posting them.

You seem to be the only one here so let me know what you think.

A very useful extra 33% on the long this morning guys and I expect to be opening another level 4 trade on the short series so please let me know whether yours opens correctly.

I think I've got the intraday charts working now and our next trade's about to open.

Gone to the wrong room previously.
But I'm here now.

I've seen your message and it suggests you're not in favour of moving FLVT.

I've been talking to somebody called Deva and she suggests that the problem with the DAX 1 year chart is probably their data. I've told her that I'm happy to pay for access to the Traders Room, but not if it means my friends have to as well. She said she thinks it's possible to place the thread on both, but isn't sure.

She's checking both of these questions and has promised to e-mail me when she has answers.

It seems that we'll be opening a long when the present decline turns up, but the question is which will come first, the short closing or the long opening.

Ken, it's fine, and I am here now.
Just a matter of get use to.

Ken: I can place it on the Traders Room as well so they can see the thread. Your followers do not need to pay anything as they can post here on the Investors Room (Free) and will be seen by paying and free customers.


Can you let me know what the problem with the DAX chart is.

Mike

Mike - Sorry I had to go out for a short while, but thank you for your message.

If you look at the 6 charts in the header, the FTSE shows the same price on the intraday and 1 year charts. The DAX shows different levels and the 1 year thinks it's Tuesday, while the DOW doesn't seem to know what day it is.

It looks as if the new DAX long will open in 10 minutes.

Odd one as I put the epic in for a company and it includes today's data. We will take look.

Ken, seems the visitors flag add-in above is showing data from the ADVFN forums, as I am sure we have not had 18,000 page views in the UK since this has been setup.

JR - There's not much point in resetting it, until I know whether we're moving here. Even then the count wouldn't be accurate if I did.

I have been through the profile/account options on moneyam and cannot see anywhere where you can setup thread email alerts. So when someone posts on a thread, an email alert is sent.

I do find this facility useful on ADVFN as you do not have to constantly check forums for updates.

It does not email on every post, but around once every 20 minutes if an update has taken place within the previous 20 minutes on a forum thread you are interested in.

Morning All,
What a surprise to see the DAX surge this morning.
I can now see the benefit of a balance system, where the LONG is profiting, while the SHORT is sleeping awaiting for its turn.
There is still minor problem to cope with DAX moving sideway for a long period.

If you're using my settings, you should have seen 4 trades open and 1 closed in the current short series. It's beginning to look as if a 5th trade may open this morning and then if the trend continues, at the next signal the first series 2 trade will open and this one will ignore the MMM as it's a new series.

I thought I should explain what I'll be doing.

Immediately the 5th trade has opened, series 1 will be complete and the T/P will have been sent to the broker so I will remove the EA from that chart.

I will then open another chart with a new magic number, the EA set to trade short only and the trade size doubled (as that's what my setting is).

Please Note: This chart will remain open and trading until series 1 closes, either at the T/P or with the T/P's adjusted following the 16.5% recovery rule outlined previously.

The other option you have is to just leave the EA as it is and the series 2 trades will operate in accordance with the setting, but you will not be able to apply the 16.5% rule.

Ken, when you say the trade size is doubled, are you using the GroupMultiplier value to determine the new trade size? So 0.005*2=0.01

Therefore, is your new trade size value 0.01?

Trying out this theory;
"THE TREND IS YOUR FRIEND UNTIL THE END WHEN IT BENDS", so I am trying to setup a moving t/p, let you know when this current trend end...

FLVT - I've tried many ways of incorporating a moving T/P and it doesn't gain much over all. As Bunny has said many times, about 90% of Somnus trades close at level 1. Quite a number of these would be closed with less profit due to the reversal limits required by the broker.

If you're using my settings, you should have seen 4 trades open and 1 closed in the current short series. It's beginning to look as if a 5th trade may open this morning and then if the trend continues, at the next signal the first series 2 trade will open and this one will ignore the MMM as it's a new series.

I thought I should explain what I'll be doing.

Immediately the 5th trade has opened, series 1 will be complete and the T/P will have been sent to the broker so I will remove the EA from that chart.

I will then open another chart with a new magic number, the EA set to trade short only and the trade size doubled (as that's what my setting is).

Please Note: This chart will remain open and trading until series 1 closes, either at the T/P or with the T/P's adjusted following the 16.5% recovery rule outlined previously.

The other option you have is to just leave the EA as it is and the series 2 trades will operate in accordance with the setting, but you will not be able to apply the 16.5% rule.

I've heard that confession's good for the sole, so I better go to confession. It seem I forgot to double the InitialLotsMaxStake figure from 3 to 6, so instead of opening the trades at £5.00pp it opened at £3.00.

I've corrected it now, so when this one trade's closed the rest should be correct.