My Avonko Elite EA is up 88% in 6 weeks in the demo comment we purchased for have use of with MT4, as well as I’m starting to get concerned to have genuine income with it.
Am we being in as well most of the hurry? we know trade is full of ups as well as downs as well as I’ve listened my satisfactory share of abhorrence stories. I’m only wondering how most time is competent for contrast something out in the FX markets. we feel it is substantially reduction time than in the batch marketplace (since banking is some-more active, some-more liquid, some-more transparent) though we unequivocally have to confess we do not have the knowledge to be the receptive to recommendation decider of this.
Any recommendation would be excellente – thanks!
Based upon Linda S’s question, from what we can discuss it it uses the elementary direction dermatitis strategy, zero overly complex. we have review everywhere which the elementary systems have been in all the best, supposing they find the great indicator, which this a single seems to have done.
Does which shift your answer?
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Comments: 6 comments
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Livermore
July 31st, 2009 at 9:41 pm
You should backtest your EA for the last years to know how successfully was it.
Depending on the performance your system achieved, you must trade it on a demo account for at least 2 or 3 months.
It’s just my opinion, but if your EA is a good one, 3 months for now it will make you money anyway. So why should you be in a hurry?
Lancez
July 31st, 2009 at 9:41 pm
Can you sent me the trading result of your MT4 ?
Michael M
July 31st, 2009 at 9:41 pm
Yes you are too much in a hurry.
There’s a mistake many people make, professionals and amateurs alike: confusing LUCK with SKILL.
It is very easy to get lucky once, or twice, or ten times.
It is also very easy to be unlucky in "one trade" that erases all of those 88% gains.
You need to ask yourself these questions:
- is my expectation for RISK clearly defined
- does my trading plan know how to control risk and limit losses
- does my trading plan have a reasonable expectation of producing more profit than loss
Continue trading with your practice account for six months. This amount of time should be sufficient for you to experience losses. Once you start experiencing losses, you’ll rethink it.
The annals of history are full of stories of professional and amateur traders who have a good run of luck for one year, two years, or even several years. They think their strategy worked, when in fact it was simply luck that happened to work for a while in a particular market. When that market "changed", their trading method not only ceased to work, but erased 90% of the gains they had made all those years.
You see this all the time with floor traders. These guys will rack up hundreds of thousands of dollars in profit in a year, only to see it all disappear in three days.
Keep me aprised of your progress. Email me at: commonsensetrading@gmail.com
Doc H
July 31st, 2009 at 9:41 pm
Try this:
9000% in 10 months with chances of winning 92.3%.
The best of all, just do nothing to get the result.
http://automaticforextrading.blogspot.com/
Happy Prosperity Year
LINDA S
July 31st, 2009 at 9:41 pm
Do you know what strategy the EA uses? Is it suppose to work in all market conditions? I wouldn’t trade the EA unless I knew something about the strategy.
Bruce B
July 31st, 2009 at 9:41 pm
Wow, I can’t believe the pumping and dumping for Avonko. I’m up 4000% since Thanksgiving. This system is incredible! My advise is to not use this scam EA.
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