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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

Cynic - You should really read all the notes, although some of them are not completely up to date. My settings table in the header shows my initial trade size as being 0.005% of the current bank and my T/P as 40, which currently gives a target of £100 per trade.

Good morning guys - We still need a drop of 70 points to close the short.

We've just produced a valid long signal, so while we wait it seems likely the we'll open another long and that will reduce the space between our T/P's.

A very good start to the week as the DAX spiked down and gave us an extra 50% on the short. Now we're just waiting to add a 2nd trade to the long that's already open.

I don't think the intraday charts I've put in the header are going to work with 15 minute candles so I'm going back to the previous versions.

Edit: I'm not sure it's what I've set up, so the problem could be the lack of data. I'll leave it for the time being and see what happens later.

It was a lack of data so all the early movement this morning's been put into the first candle.

The 2nd long opened at 09:45 and I've now found a difference between v5.4 and 5.6. Obviously I can't be sure, but it looks as if Ivan's been messing with the rounding as when trade 2 opens with 5.4 it normally calculates the T/P to produce a fraction short of my target. This morning it's set to 1 extra point and that can be the difference between closing and leaving a trade open.

Now I don't know what to do.

After closing the short this morning, I've been able to take my first £1,000 divi since restarting on 4 July.

It seems that the problem I had with the T/P after the level 2 long opened this morning may have been caused by me changing from v5.4 to 5.6 over the weekend, as it's now corrected itself.

It now looks as if it won't be too long before we see a new short opening.

you may disagree, but it looks to me that we are now only 40/50 points on both Dow and Dax where a long entry may be a decent bet
of course, if those supposed supports fail, then it's a different story

Hi Cynic - Sorry if we've been messing your thread up.

As you will see we're already long here as the level 2 long trade opened at 09:45 this morning. I know we just leave it to Somnus, but she doesn't disagree with you.

We could be opening another in about 15 minutes if the DAX is between 10,401 and 10,411.9 at that point.

of course you haven't messed up anything ..... i'm not that precious and sensitive as others will tell you :-)

DAX is currently moving a little the other way (10,435)

Dunno cynic, calling yourself 'goldilocks' over the road. Just saying! :0)

it's a long story chris, but i also use it in business :-)

Sounds like Tooooo much information cynic :0) At least you have a sense of humour, thanks for your input on this thread.

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.