GoMega GBPJPY Tests Continued
Here’s a quick update to my last post. In this Gomega GBPJPY video you can see Gomega has just opened a new long position in the Pound Yen. The point at which the trade was opened is shown by the little green arrow, the dotted green line is set at the buy price and the dotted red line is the current stop loss position. Gomega GBPJPY uses a smart stop loss algorithm, which it will move higher as the price closes in on it’s profit target. It will also move it up if the price falls, so that this trade at the very minimum, break even.
For a thorough explanation of all the indicators shown on the Gomega GBPJPY chart, I recommend seeing the very thorough video walk through by Ken Herbert, which is located here Gomega GBPJPY Under the Hood. Although the chart is very detailed and looks rather intimidating, all the complexity of the signal analysis, is handled automatically by Gomega GBPJPY. However at the same time, by looking at the chart indicators, you have a window on the advanced analysis that is taking place in the background. It gives you the feeling you are looking under the bonnet of a high performance sports car.
You can read more about the GOmega GBP JPY AutoTrader at GoMEGAGBPJPY Review.
