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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

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.

thanks ken ..... somewhat clearer though surely you can do serious damage if there are not commensurate stops

Right got that Ken makes sense. What I don't get is the automatic opening of longs, or running both simultaneously. Can you not just leave orders?

We don't use stops Cynic. A stop means a loss and as you will see every trade (a Somnus trade is a series that closes at the T/P x the initial size) that opens produces a profit.

The record in the header shows my trades, but other people choose to use different settings and therefore have different results.

Chris - I'm not sure what you mean by leave orders.

MT4 places the trade when Somnus tells it to at 15 or 45 minutes past the hour, so you can't place an order until you know what the level is at that time. Mind you another long at 11:15 looks almost certain now.

Sorry Ken I need to try and understand it better. It's obviously working for you :0)

not or almost never crystalising a loss is a bit of a cheat :-)

First the good news. The new settings did open trade 4 as planned and it's always a relief to know the revised settings work and recalculate the T/P correctly.

Chris - I've suggested to Cynic that if he's interested just send me an e-mail and I'll send him a copy. It doesn't cost anything to open a GKFX demo account and try it out.

The same offer applies to anyone, including you.

Thanks Ken will bear in mind.

chris - do you think i need to promise ken that i shan't tease him - or at least not unduly? :-)

Probably cyners :0) Horses for courses end of the day.

Talking about horses, I used to be actively connected to Group One Racing and they have a runner in the first race at Southwell this afternoon. Please don't take this as a tip, because I've not been connected for several years now, but I will be watching with interest.

Not much activity since the last long opened, but when the trend changes Somnus will be opening another short.

Cynic - I've been trading since 1960 so I'm well able to handle most things, even your teasing.

The next market moving news seems to be at about 15:00, so we'll probably wait till then before we get much action.

not far wrong with your time, though Dow and therefore Dax started to recover from the open in USA

have banked a small 55 point profit from yesterday evening's foray
however as Ken implies, no profit is to be sneezed at

The Group One horse was second, but ran well.

We'll have a valid short signal at 15:15, so it will then be a case of waiting for the first 1 hour reversal in the up trend. There is a slight hesitation at the moment, so perhaps the trade will open at 16:15.

Dow may give you a clue
the resistance comes in just below 18,200 ...... it's currently 18,172 but dithering a little