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GOmega Xray is different from past versions in several important ways:
1) Xray is not a get rich quick robot but rather employs a get rich slowly approach. 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, trading forex becomes similar to buying options. You know your risk and your potential return ahead of time, but you may have to wait a while to realize the profits.
2) In addition to a Profit Target, GOmega Xray also features a unique profit to risk calculation.
3) In GOmega Xray, your profit goal and reward/risk ratio are intergrated into GOmega Xray's position sizing algorithm.
Take a $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) The system compares the comparative strength of each currency against all crosses of each currency in the pair you are trading, and filters entries based on this information.
5) The system measures volatility with two independent methods, combining standard deviation and average true range into the Market Pulse indicator, to isolate areas of the market where action is picking up and trends may be in motion.
6) The system distinguishes between "random" movements in the market and trending movement through its proprietary Randomness Indicator.
7) Automatic scaling out - when a predetermined fraction of the target is attained, Xray will liquidate half of it's position is the trade.
8) The system does not have as many parameters. Most are fixed or limited to a narrow range.
9) You can trade with GOmega Xray continuously
10) Xray strategy options include a trailing stop loss.
These components when combined make GOmega Xray a powerful trading EA.
To get the GomegaXray Don't miss out
FOREX is an acronym frequently used to refer to the foreign exchange market, also commonly refered to as 'Forex' and 'retail forex' or 'FX' or 'Spot FX' and even simply 'Spot'.
Getting started in the Forex market is very easy requiring very little. This is one of the reasons Forex is such a popular home business. Add to that its impunity to the current world recession and you have an exciting home business opportunity. Many recommend that you begin with a demo account while you get familiar with trading online with metarader4 platform and expert advisor such as GOmega Xray from Quantum Research.
About the Author
How to start Forex trading with FAP Winner Strategies for FAP Turbo.
by Alexander Farley FAPTurboReviews.info
