Strategy analysis:
The strategy can be best described by watching this short video. A picture is worth a thousand words.
What I like best about this strategy is how it can really ride out the trend until the end. You can really maximize your profit with this style of trading. Some of the highlights include:
Expert Manual Trading: You have the option of operating Omega Trend on Automatic or use the trendlines to manually trade your account. This is an excellent option for experienced traders who want more control over their trading environment.
Acceleration Factor: After each price bar, Omega Trend EA dynamically recalculates the trendline adjusting it closer to current market prices. This realtime precision insures that you exit trades at the optimal price level.
Trend Hunter: Omega Trend EA is hardwired to implement the Trend Hunter strategy that hunts for bigmovement trends and signals the best entry and exit points. This strategy is a low risk, high profit strategy intended for day trading.
Swing Trader: For shortterm price movements, Omega EA uses its builtin Swing Trader Strategy. This strategy tracks the EA and detects small swings in market direction that hold quick profit potential.
Dynamic Entry and Exit Points: Omega Trend EA's dynamic entry and exit point information automatically tracks with the market, adjusting your trading strategy based on realtime market conditions. The system recalculates stop loss, trailing stop, and take profits levels automatically.
Trading Flexibility: The Trend Hunter and Swing Trader strategies automatically scan the market for opportunities. However you can turn each strategy on or off based on your trading objectives
Spread and Slippage Protection: Omega Trend EA is configured to minimize price spread and slippage. You can trade assured that every trade is executed precisely and reliably.
NFA & FIFO Compatibility: Omega Trend EA is completely compatible with currency trading rules and regulations.
Automatic Money Management: Omega Trend EA guards your trading position and automatically adjusts your strategy based on your desired risk profile. Money Management and risk profiles are 100% configurable within the Omega Trend EA interface.
So you can see it is actually 2 strategies in one, a swing trader for quick profits, and a trend trader for larger pips.
Backtests and live accounts:
Those who know me understand how I feel about testing a system on a live account, you simply must have this available for the public to use as reference. There is a "statement" of a live account here but it can not be verified by a third party site like myfxbook. Also there is a backtest of 90% modelling quality but these only give you a rough idea of what to expect trading live.
In conclusion I do like the video but there just is not enough solid proof here to engage me. Yes you do get a free indicator for the price(which I believe to be $197) I suppose it is a good deal but way too early to tell for sure.
