GOMEGA FOREX ROBOTS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GOmega Xray Forex RobotTHE GOMEGA GBPJPY RELEASE IS OVER

GOmega Trader FX fully automated forex autopilot or robot was replaced by GOmega XRay in March 2009 for one week only and was fully subscribed. No further releases will be made of this multi-currency trading robot. The GOmega "Pound Yen" version was released in early June and sold out at $1,997 per copy.

No further GOmega robot releases have been announced.


RCTPA (ARTIFICIAL INTELLIGENCE) DRIVEN ROBOT

On March 31st FOREX MEGADROID, a new forex robot was released to the public. It's from Albert Perrie and John Grace, professional bank-trained FX traders with 38 years combined  experience between them. Albert and John have been trading the forex markets since the late 1980's.

Forex MegaDroid Robot
Forex MegaDroid is pre-programmed to make trades based on its prediction of price movement and direction during the next 2 - 4 hours, unlike other robots which are based on historical patterns and cycles. They call this RCTPA (Reverse Correlated Time & Price Analysis) which has enabled Forex MegaDroid to achieve an accuracy rate of 95.82%

Available from March 31, at an introductory price of just $97. Get full details on the publishers' website:

Forex MegaDroid


GOmega XRay features in brief :

  • Enhanced money management features that integrate both profit target and risk/reward ratio to calculate the optimum position size.

  • Proprietary indicators that work behind the scenes to avoid side-ways moving markets while allowing the leverage you need to stay in trades without being unnecessarily 'whip-sawed' out.

  • A profit capture feature designed to lock in profits. XRay liquidates half the position size when the profit target reaches a certain percentage. At this point, stop loss is reduced and the remaining half of the trade continues to run until the target is reached, or the trade is stopped out.

  • GOmega XRay monitors the markets all the time they are open, so that you don’t need to.


How GOmega XRay differs from GOmega Trader FX and performs better and more profitably

The keyword here is simplification and is the rationale behind the development of GOmega Xray. Many of GOmega FX’s complex components have been modified and combined to produce a simple system with a simple mission:

To hit your profit targets at several times your initial risk, or exit the market with a 1% maximum loss of capital.

This means that Xray takes a much longer view of market conditions than you may be used to. In fact, it could be in a trade for several days, even in the lower time frames, as it moves forward with its mission.

GOmega Xray is different from previous versions in several distinct ways:

  • Xray was created to make slow but steady gains, employing a revisable stop loss, smaller position size and higher Reward/Risk ratio. In some ways it’s a bit like buying options. You know your risk and your potential return ahead of time, but you may have to wait a while to reap the rewards.

  • In addition to a Profit Target, Xray includes a Reward to Risk component.

  • With GOmega Xray, the profit target and reward/risk ratio are integrated into the system’s position sizing algorithm.

For example: on a $5,000 account, risking 1% of the balance, a 300-pip profit target, R/R ratio of 3.5:1 will yield an 86-pip stop loss and a position size of .06 lots – and it's all calculated automatically

  • Xray compares the relative strength of each currency against all crosses of each currency in the pair you are trading, and filters entries based on that information.

  • The system measures volatility in two distinct ways, combining standard deviation and average true range into the Market Pulse indicator, which identifies areas where market action is picking up and trends may be under way.

  • Xray distinguishes between “random” market movement and trending movement through its proprietary Randomness Indicator.

  • Automatic scaling out—when a predetermined fraction of the target is reached, Xray will liquidate 50% of the trade’s position size.

  • Xray has fewer parameters. Most are fixed or limited to a narrow range.

  • Xray can be traded 24/7

  • An optional trailing stop loss is included among Xray’s strategies.

The combination of these components makes GOmega XRay possibly the most powerful automated trading system available on the market.

GOmega XRay is no longer available.

An alternative may be the new Forex MegaDroid


Automatic or Automated Trading Systems, Autopilots, Robots and AutoTraders – 'hands-free' forex trading systems – are becoming more and more popular. They allow inexperienced traders to make profitable trades without all the technical 'know-how'.

Forex autopilots or robots automated forex systems are easy to install, set up and left to run, acting on built-in buy, sell, take profit, stop loss and exit signals.
They may be run on a reliable standalone PC or left in the care of a remote VPS.

What an efficient Forex Autotrader means to you:

  • No more manual order entry

  • No more missing an opportunity because you were away or asleep

  • No more sitting in front of the computer for hours at a time

  • No more having to be there to calculate and adjust stop losses

  • No more being stopped out at a larger loss because you were not
    there to modify your stop loss when conditions called for a change

  • No more missing exit signals because you were away or asleep

  • No more second-guessing yourself or the system

  • No more fear or greed sabotaging your trading technique.


TRADING ROBOTS AND AUTOPILOTS

Spending 'big bucks' doesn't ensure trading success, though. Having a brokerage account with several thousand dollars has the potential to make more money than a few hundred, but everyone needs to start somewhere.

There are many profitable MetaTrader 4 EA's available now, with FAP Turbo, PipZu, Pips Leader, Forex Detector, Terminator, Maestro, Boomerang as examples, plus the about to be released Artificial Intelligence robot, Forex MegaDroid being released on March 31st.

Compare the features and performance of many popular forex autopilots with GOmega Trader FX. See 2009 trading results for these automatic trading robots at Forex-On-Auto.com


 

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