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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

so ken, you had your wish as to the level on the DAX, or was the timing relevant too?

Cynic - At 15:45 the level was 10,429.5, so as that was too high we're now waiting for 17:15 to try again.

Except in special circumstances, all Somnus trade openings are at 15 or 45 minutes past the hour.

sounds very arbitrary, though i'm sure there is some (charting) logic to it
anyway, looks that you'll still have your chance

Perhaps I better explain the words 'special circumstances' above.

Somnus checks whether a trade is to be opened at 15 and 45 minutes past the hour, so when very rapid movements occur and close a trade the previous instruction may still be held in the system and the trade re-opens.

This was not something that I designed into Somnus as I never even thought of it, but it's never failed to produce a profit yet.

anyway, i take it you have now gone long again, or have you held off as it's fallen below your original target level?

It seems it's just you and me today Cynic. Either everyone's on holiday, or they've had to go to work.

All trades are placed automatically by the Somnus Club EA and the next valid signal would be at 17:45 'if the level is between 10,398.5 (the level at 16:45) and as I use a minimum movement from the last trade of 60 points, 10412 (the last trade 10,472 - 60). I hope that helps.

If you want to see it in action, you can always have a copy and try it out on a GKFX Demo account. As it says in the header, just send me an e-mail.

Yes Ken;
I'm still here, but in development mode....

Best of luck to all of you, as always.

Are you trying to confuse us on have you subdivided?

me? .... certainly not

No not you Cynic: FLVT!

He seems to have 3 names now.

I haven't used MoneyAM until now, but are 14 hour breaks in service normal here? If they are I'll have to find another home for this thread.

We'll be opening a short at 08:15 guys.

no idea what happened to this site yesterday ..... it was a pain but c'est la vie

interesting that you'll be shorting DAX
not the way i see it, as with DOW powering ahead albeit in the cash market, the other indices are very likely to be dragged along on its coattails

fwiw, i took a small (extra) long on DAX yesterday at 10,411

We opened our short at 08:15 Cynic, so with trades in both directions it gives us a profit whichever way the market moves.

i'm neither clever enough nor alert enough to play that game :-)

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btw, you may want to take a look at WOS with sp being (unfairly?) hammered following their numbers

Cynic - Thanks I'll take a look but Somnus is fully automated and we only use it to trade indexes. Mainly the DAX because there are no dividend adjustments.

Now the short's closed we'll have to wait quite some time before another long opens, so I think it's time for a cup of coffee.

my long is currently badly called, but quite surprised your short was closed down, though i know you also have long positions running

Beat me to it cynic. Ken was the short closed because the target was hit?

but then how long are the "bad" long positions left running?

Cynic - They are left running until they close. I'm testing some new settings at the moment and after the 100 point drop in the last ½ hour, I expect to open my next long at 11:15 unless something very dramatic happens in the meantime.

Chris - If you look in the header you will see that I have my T/P set to 40 points, so at £2.50pp the trades close when the profit reaches £100 although a good spike can increase that.

I've got an ear infection so I'm off to the doctor at 11:40, but I'll update the header if I'm here when the level 4 long opens.