Here’s a quick update to my previous 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 dashed green line is set at the buy price and the dashed red line is the current stop loss position. Gomega GBPJPY uses a smart stop loss algorithm, which it will move upwards as the price closes in on the profit target. It will also move it up if the price retraces, so this trade at the very minimum, break even.

For a thorough explanation of all the indicators displayed on the Gomega GBPJPY chart, I recommend seeing the very thorough video walk through by Ken Herbert, which can be found 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, through the indicators on the chart, you have a window on the in depth 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 on the Gomega GBP JPY AutoTrader at GoMEGA Pound Yen Review.

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