1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Live trading with Avonko Elite EA - trend breakthrough account

Discussion in 'Expert Advisors' started by eltonharrington, Mar 29, 2009.

  1. eltonharrington

    eltonharrington New Member

    Joined:
    Mar 29, 2009
    Messages:
    6
    Likes Received:
    0
    Occupation:
    professional trader
    Location:
    Chicago, IL
    Hi all,

    I want to take a moment to say thank you for welcoming me to the eInvestors forums - while I am a veteran trader I am relatively new to the online forex community, and I look forward to sharing my experience and learning from others, while putting my money on the line every day.

    I am currently putting the Avonko EA through live testing and tinkering with the settings to fine tune the system to properly fit my needs and optimize performance on the most robust pairs. I am using the latest version available, and simply experimenting with the settings to develop a strategy that appropriately fits my needs. With my demo testing account the system proved to be extremely profitable, turning a starting balance of 10k into well over 30k over 4 months with minimal drawdown - and I am hoping to translate that success into significant profits now.

    Currently I am trading the EURJPY pair and experimenting with adding the GBPUSD. My current settings allow for a sl 3x the magnitude of the tp, trading on a $5k starting balance risking no more than 3% on any one trade.

    Here I will return every day to post my daily trading results and discuss which settings I am currently employing to achieve those results. I will also discuss my strategies for trading day selection, and hopefully within the context of the discussion we can perfect the usage of the system, clearly to the benefit of us all.

    Again, thank you for welcoming me to your forum, and I look forward to sharing my trading results in the weeks and months to come. I welcome all suggestions, emails, and criticism, and hopefully will have some pips to share with everyone here

    Best Regards
    Elton
     
  2. daniellefr

    daniellefr New Member

    Joined:
    Dec 10, 2008
    Messages:
    121
    Likes Received:
    0
    Interesting link, thanks for sharing. I have never heard of Avonko before. Is anyone using it yet?
     
  3. eltonharrington

    eltonharrington New Member

    Joined:
    Mar 29, 2009
    Messages:
    6
    Likes Received:
    0
    Occupation:
    professional trader
    Location:
    Chicago, IL
    I have used it in demo testing a bit. I like that it's a fairly straightforward system, I don't like the idea of blindly using a system I can't understand, as I think that's one of the biggest mistakes most newcomers make.

    Anywhoo, no trade parameters were triggered Monday morning, so I'll return tomorrow with Tuesday's overnight trading results. For now I will only be trading EURJPY but I will be demo testing GBPUSD as well and hopefully I'll be comfortable enough soon to trade that pair live with this system as well.

    Night
    Elton
     
  4. eltonharrington

    eltonharrington New Member

    Joined:
    Mar 29, 2009
    Messages:
    6
    Likes Received:
    0
    Occupation:
    professional trader
    Location:
    Chicago, IL
    tues mar 31 trade log: +30 pips for 1% account growth

    Avonko posted a winner for the first trade of the period:

    +2 eurjpy 130.68
    take profit 130.98

    net gain $60
    new balance $5060
     
  5. eltonharrington

    eltonharrington New Member

    Joined:
    Mar 29, 2009
    Messages:
    6
    Likes Received:
    0
    Occupation:
    professional trader
    Location:
    Chicago, IL
    wed apr 1 trade log: +30 pips on morning rally, +60.60 in account

    Posted another win on the rally this morning in EURJPY:

    +2 eurjpy 130.25
    take profit 130.55

    net gain: $60.60
    balance: $5120.60

    net profit/loss running: +120.60 (+2.4%)
     
  6. eltonharrington

    eltonharrington New Member

    Joined:
    Mar 29, 2009
    Messages:
    6
    Likes Received:
    0
    Occupation:
    professional trader
    Location:
    Chicago, IL
    thurs apr 2 trade log: +30 pips/+60.60 real money balance

    Today's trade:

    +2 eurjpy 131.69
    take profit 131.99

    for another gain of 30 pips

    +$60.60 in real money balance
    account balance $5181.20 (+3.624% net)


    some thoughts... As my balance increases slightly I am considering increasing the lots traded from 2.0 to 2.1 so as to reflect the larger base I am now trading with. I am also considering tightening the stop/loss a bit so as to not give as much back on the inevitable losing trades, as each of these winning trades where we ride the short term trend has come without any retracement. Any thoughts?

    Elton
     
  7. eltonharrington

    eltonharrington New Member

    Joined:
    Mar 29, 2009
    Messages:
    6
    Likes Received:
    0
    Occupation:
    professional trader
    Location:
    Chicago, IL
    no trades made yet this morning, so closing week +3%

    Not much of a move this morning in the eurjpy, so no trades made yet
    pending a sharp break to the downside or a spike this morning or early afternoon. Here are the trade triggers the system set forth which have yet to be hit this morning:

    buy eurjpy 135.03: t/p 135.33: s/l 134.13
    sell eurjpy 133.08: t/p 132.78: s/l 133.98

    Have a good morning everyone,

    Elton
     
Loading...

Share This Page