Live trading with Avonko EA - trend breakthrough

[eltonharrington]

Hi all,

I want to take a moment to say thank you for welcoming me to the T2W 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

 

[pedro01]

Being your first post - why would you thank us for welcoming you ? We didn't do it yet !!

Mind you - as you have started with a spam post advertising your $69.99 system, I fear there wont be much chance to welcome you at all...

 

[A Dashing Blade]

"SALE : Get Avonko for only $69.99!Avonko Elite has sold for as much as $499 - for a limited time you can purchase Avonko Elite for a deeply discounted $69.99 - you will have immediate access to the system."



F**k off spam boy.

 

[pedro01]

You'd think he'd do his live testing BEFORE selling the system really...

 

[eltonharrington]

Say what you will, hopefully my presence here over time will validate my reasons for being here. If anything you should view my thread as a chance to validate the claims of a commercial EA - here you will see if my real returns really stack up to the claimed returns of the EA. Take it for what you will, if you want me to hide the name of the EA I am using you can edit my post.

 

[£10kLoser]

Anybody can post impressive figures by altering them in Photoshop - it proves nothing when you are the system seller. They'll have to be very live for anyone to check in real time.


Now, if you post consistent losses, we'll believe you...

 

[pedro01]

Explain how you are selling something you haven't tested live then...

That should be a good starter for 10.

You may also want to read the rules about hyperlinking to your site from your posts here - it's against the rules.

 

[eltonharrington]

tues mar 31 trade log: +30 pip gain 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

 

[eltonharrington]

wed apr 1 trade log: +30 pips 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%)

 

[£10kLoser]

Why should anyone believe this? OK, it may be true but you could easily be making the figures up - it's no proof at all...

 

[eltonharrington]

Why should anyone believe this? OK, it may be true but you could easily be making the figures up - it's no proof at all...

It is a trading journal and nothing more. I am not claiming it is a great system or that my management of the system is great at all, I'm just recording my results. If you choose not to believe it or not to even read, that's fine. If on the other hand you want to waste your time accusing people of making up numbers for no apparent reason, then go hassle the spammers posting ads for $10,000 per month systems.

If I can figure out how to use this system to make an average of +25 pips a day over the long run, great. If not, oh well. I hardly think you have any justification berating me for posting these modest results, and when I have a real sample size of returns I will post my monthly statements. Until then, please, pick on someone else if it's just for the sake of picking, and leave my little thread alone!

Elton

 

[c_c405]

is 30 pips a rally?

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%)

30 pips is by no means a rally in this current market condition

 

[eltonharrington]

30 pips is by no means a rally in this current market condition

I agree - it is a trend breakthrough system that attempts to scalp for small profits on a high probability trade, the 30 pips does not represent the rally I was referring to, it simply represents the scalp on the trend early this AM. Hope that clarifies.

 

[pedro01]

It is a trading journal and nothing more. I am not claiming it is a great system or that my management of the system is great at all, I'm just recording my results. If you choose not to believe it or not to even read, that's fine. If on the other hand you want to waste your time accusing people of making up numbers for no apparent reason, then go hassle the spammers posting ads for $10,000 per month systems.

If I can figure out how to use this system to make an average of +25 pips a day over the long run, great. If not, oh well. I hardly think you have any justification berating me for posting these modest results, and when I have a real sample size of returns I will post my monthly statements. Until then, please, pick on someone else if it's just for the sake of picking, and leave my little thread alone!

Elton

This is fair enough - but you are selling the system yet you claim to have not yet figured out how to make it work as such you are either :

1 - just posting here to draw attention to your system
2 - selling an untested system

Perhaps I am missing something but if it's number 2, then I find it a bit harsh on your customers.

 

[eltonharrington]

This is fair enough - but you are selling the system yet you claim to have not yet figured out how to make it work as such you are either :

1 - just posting here to draw attention to your system
2 - selling an untested system

Perhaps I am missing something but if it's number 2, then I find it a bit harsh on your customers.

Selling the system? ? It is not even my system, I am only manipulating the settings of it and posting those results. I don't have anything to gain from mentioning the name, yet others do as they may see how I have fared and determine for themselves if they would ever be interested in a system like this one.

I don't have to defend my presence here. If you choose not to check in on my thread, great for you.


I really don't get

 

[pedro01]

Selling the system? ? It is not even my system, I am only manipulating the settings of it and posting those results. I don't have anything to gain from mentioning the name, yet others do as they may see how I have fared and determine for themselves if they would ever be interested in a system like this one.

I don't have to defend my presence here. If you choose not to check in on my thread, great for you.


I really don't get

OK - edit your posts, remove the vendors name & then continue. If you are not the vendor, there's no reason to mention the name in the title or to continually mention it in the posts. If it doesn't work out for you, it's probably a good thing you didn't name it. If it does work out for you after a few months - feel free to name it. No point having lots of people losing money if it doesn't work.

If you want to make this believable - then you should also include screen shots of your trades or the results from your trading software OR put in the trades as you enter them & then the results when you close the trade.

If you are genuine then you will need to show that your results are genuine.As you can imagine, trades entered in a post after the fact are hard to prove. Also - this is a sceptical board and you chose to register here specifically to post these results.

You could post your entries as they occur & then put the exits in as they occur in separate unedited posts. Easier still - just cut & paste the results from whatever trading platform you use. Unless you are a photoshop master - these things are more effort to fake than it's worth.

It's not so hard...

In fact, it's easier than typing them in.

If you are genuine - then accept my apologies - it's just that we have 100 threads a week from vendors trying to sell systems and the tendency is to suspect new people bringing our attention to new systems are vendors.

Also the fact that your profile has you listed as a "Coach/Trainer" does raise a few eyebrows. You teach people how to trade but are using a $69.99 EA ?

 

[c_c405]

??? Do people buy this stuff?

I wonder if anyone actually buys this kinda stuff? I wonder even more if this kinda stuff actually works?

I tend to think funny things about these types of systems. I also wonder if it would help my trading to use one? Would it improve my results?

I'm thinking probably not ...

 

[eltonharrington]

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

 

[pedro01]

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

Yes - your results are meaningless - anyone can type text.

Here's something verifiable...

Go see the ES this morning - you'll see I'm not fabricating this stuff. On the other hand - how do we know you aren't making this up (apart from the fact no-one would make up such small numbers) ?

Screen shots maketh the man :smart:

Let's face it - you are a vendor - as stated in your profile & this is your system. If not - show the charts & the trades.

 

[eltonharrington]

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