GOMEGA XRAY EA
GOmega Xray is different from previous versions in several distinct ways:
1) Xray was created to make slow, but steady gains employing a loose stop loss, smaller position size,
and higher Reward/Risk ratio. In that sense, 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.
2) In addition to a Profit Target, Xray includes a reward to risk component.
3) With Xray, your profit target and reward/risk ratio are integrated into the system’s position sizing
algorithm
Example: $5,000 account, risking 1% of the balance, 300-pip profit target, R/R ratio 3.5:1
yields an 86-pip stop loss and a position size of .06 lots—calculated automatically
4) 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.
5) 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.
6) Xray distinguishes between “random” market movement and trending movement through its
proprietary Randomness Indicator.
7) Automatic scaling out—when a predetermined fraction of the target is reached, Xray will liquidate
50% of the trade’s position size.
8) Xray has fewer parameters. Most are fixed or limited to a narrow range.
9) Xray can be traded 24/7
10) An optional trailing stop loss is included among Xray’s strategies.
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http://www.4shared.com/file/97210535/a6364acc/Go_M_XRAY-143.html
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