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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

Hi Cynic, noticed your username has a couple of icons next to it. Being new to MoneyAM, what's the difference between your account and ours?

i'm posh and you're not :-)

one allows you to send me messages; the other a silly thumbnail self-sketch

Posh? more like sloshed -):

hi stan .... haven't seen you around for a while .... where have you been hiding?

Good morning anyone who happens to be around on Sunday.

Further to my comment above about still not being sure what the best settings are, I've been running some 12 month strategy tests commencing with a bank of £50k.

The results are displayed below, but please bear in mind that they are not accurate as the tester closes all trades at the T/P and doesn't include any extra such as the £27k I collected as a result of the Brexit result. It actually credited me with £212.

Profit £82,374 Annual Return 164.75% Max Drawdown 92.12%


Profit £88,014 Annual Return 176.03% Max Drawdown 80.09%


Profit £78,245 Annual Return 156.49% Max Drawdown 68.35%
In spite of it providing the lowest annual return because there are less trades, it seems to me that in view of the maximum drawdown figure the cautious approach is to use the following settings
Increase Trade Lot Size Start 6
Maximum Trades in Series 7

Afternoon Ken,
Purely looking at the chart, would anyone has a will power to continue after the Equity balance drop from;

1st chart - 100K to 15K;
2nd Chart - 50K to 2K;

They would be more into ring fence, than continue like you did.
As we more tends to protect our capital than more gain, who knows what's around the corner.

Hello Alf, been considering my position while the market has been pants for months.

Interesting thread Ken and although I don't do cfds or spread betting its good to be aware of different trading styles.

FLVT - As you will see, I'm going for the third option.

You're our resident expert on these things so please can you explain to me how the equity can ever be greater than the cash, as it's shown at one point on all 3 charts? To me it makes no sense at all.

Stan - We use GKFX spread-betting not CFD's. What do CFD's provide that makes the gains tax worth paying?

Yes, it can.
Equity balance can be greater than the account balance.
It happens when you have gain in your position, but positions are not yet close.
In fact, that's exactly what's happening in my demo account right now;
see https://www.mql5.com/en/signals/197660, Select Equity Tab.
That's paper gain rather than paper loss.

The 3rd option is still over 80% down on your equity balance, from around 60K (160th trade) to over 10K (268th trade).

Of the charts above, is there a way to link to one of the SB company daily charts instead, so it show 07:00 - 21:00 trading, just as what we doing now. But I do not know where you can port it from though.

Ken I think you may have misread by post, I don't do either cfds or spread betting.

FLVTP - I use livecharts on this thread - you could use them - also unlike advfn, MAM allow the use of iframe, which makes the HTML presentation more flexible.

Thanks Skinny; those charts look very interesting indeed.
But I am not 100% sure that that chart will show trading when the real market is closed; say after 16:30 on FT100, but it is still trading until 21:00 on spreadbet company, or even 24 x 5 in some company.
But I am sure Ken will put the right one here, if they are appropriate. It's just forour reference whenever we are here.

p.s. It's like to see all these new faces here ... :-)

FLVT _ I know it can, but surely only as far as the limit for closing an open trade. The spikes on my charts are about £40k above the bank and any open trades should have closed when the profit reaches £200 or so.

I can't find a way doing anything about the charts other than what I did for you before, by providing a link to IG and as you know even that needs adjusting manually once the link's been opened. If you think it will help I don't mind trying to add something like that.

Try that FLVT - I've changed your link to display the DAX rather than the FTSE, but I can't find a way of making it display15 minute bars or Sunday prices.

If you would like me to add the FTSE and DOW just say the word.

Ken, as far as the charts above, don't worry; as they are reference only, as we all know what they are; minutes by minutes; as we are all watching all the time. One day; when I finally make mine automated; I won't be watching it for weeks...

As for the spike up you are talking about, now I understand fully; It's there because it is the orders in which how Somnus close the trade when it reaches t/p on a series. I guess that it close all the profitable one first (latest opened one first), hence you have higher profit, next profit one next, etc. so your Equity balance spike up. Now, back down to mother earth, as the losing one get close, one by one. After the closing of a series, the different is just stake * target; +/- a few quids for rounding. Right!

p.s. IG showing is NOT Sunday trading; they are just 3 hrs between 21:00 and 23:59 on Friday. Trading resumes around 23:00 on Sunday, I think.

FLVT - I've done what I can to make the header charts match our trading, but of course they are still only the open market trading hours.

I think that's it for today, so good luck to everyone tomorrow morning.

IG also offers sunday trading in the indices, but they rarely move much and i guess there's not much interest

given the dramatic swings that can occur between close of trade friday in europe/london and the opening on monday, i'm slightly surprised that you leave s/b positions open over w/e

Cynic - We leave our spreadbets open to take advantage of the wild swings that can occur. If they go the wrong way it only means one extra trade, but if they go the right way we can make extra.

The major move at the open on 24 June produced the best I've ever had, as I made £27k after the Brexit vote and my account handler actually rang to thank me. It seems he gets commission on the performance of his clients.

There's very little movement on the IG Sunday trading so far today, but that dioesn't mean there won't be tomorrow morning.

i watch with interest and intrigue
i can understand why you made a bundle at the open on 24/6, but assume you were already short .... in which case very well done indeed

if i have read your table correctly, you usually take quite modest positions at ~£2.50 a point .... is that correct?