Thread: Live trading journal - semi-autotrading with Avonko EA

Hi all,

I want to take a moment to say thank you for welcoming me to forexforum.net - 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.

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.

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

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

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%)

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

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

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