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AlonFx10/30Live Discussion
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Member Since Sep 20, 2009 180 posts
Ben Scoobert (BenScoobert)
Dec 28 2010 at 16:57
I have to say how disappointed I am that you didn't have the sense to stop trading over xmas and new year.
I was just getting interested We have two classes of forecasters: Those who don’t know—and those who don’t know they don’t know. J. K. Galbraith (1908–2006) |
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Member Since Oct 22, 2010 37 posts
Peter Harding (alonfx)
Jan 06 2011 at 16:52
We have made changes to system on 4th January with result we have had 32 winners and 4 losers in last 36 trades
Some Changes include: a) No more double trades (in same pair simultaneously) b) Limit to number of simultaneous open trades c) Manual trading only in US and Euro session, with Asia being automated with manual monitoring. d) System Lock out during news Leverage remains at 10:1 and we will recover the losses incurred at christmas sooner rather than later, Bringing you a Brighter Future in Forex |
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Member Since Dec 20, 2010 9 posts
n0mad
Jan 06 2011 at 21:37
alonfx posted: We have made changes to system on 4th January with result we have had 32 winners and 4 losers in last 36 trades Some Changes include: a) No more double trades (in same pair simultaneously) b) Limit to number of simultaneous open trades c) Manual trading only in US and Euro session, with Asia being automated with manual monitoring. d) System Lock out during news Leverage remains at 10:1 and we will recover the losses incurred at christmas sooner rather than later, Hi Peter, could you please explain why you said leverage is at 10:1 yet my leverage is less? I have a balance of $1400 yet the size of each trade is 11.00 contracts. Shouldn't it be between 13 and 14? |
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Member Since Oct 22, 2010 37 posts
Peter Harding (alonfx)
Jan 07 2011 at 08:47
Hi,
Trade size is master, not indicative of your account,. Gains will always be 1% and loss 3% on 10 TP and 30pips SL. So leverage is 10:1. You will see this on your account, +1% or -3% per signal. Bringing you a Brighter Future in Forex |
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Member Since Feb 16, 2010 1332 posts
SOLAR (forexma)
Jan 07 2011 at 09:24
Now I get what you mean.
Your trade size is always 10% of the balance. "In trading, winning is frequently a question of luck, but losing is always a matter of skill." |
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Member Since Oct 22, 2010 37 posts
Peter Harding (alonfx)
Jan 07 2011 at 09:30
X10 of the balance.
Balance is $2k, trade lot size is $20k Bringing you a Brighter Future in Forex |
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Member Since Sep 20, 2009 180 posts
Ben Scoobert (BenScoobert)
Jan 07 2011 at 10:20
$1 per pip per $1000 of balance
$10 per winner, $30 per loser, for every $1000 in your account We have two classes of forecasters: Those who don’t know—and those who don’t know they don’t know. J. K. Galbraith (1908–2006) |
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Member Since Dec 20, 2010 9 posts
n0mad
Jan 07 2011 at 10:30
i understand all this, but none of this adds up for my account
i'll use the last trade as an example; 01.07.11 11:33 01.07.11 12:07 USDCHF Sell 0.10 0.96660 0.96260 0.96366 0.96260 10.6 11.01 34m 1.02% this is from my FXCBS trade history; 1534086 2011.01.07 12:09 balance from master #1534002 sell 11.00 12.58 my balance was $1433.84 so if this trade was 10 pips instead of 10.6 i should have received $14.34 i only got $12.58 which is 0.87% when is should have been a little over over 1%. |
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Member Since Sep 20, 2009 180 posts
Ben Scoobert (BenScoobert)
Jan 07 2011 at 10:36
by that logic, with a balance of $1400 the lot should be 0.14, maybe the broker they use only does .1 increments
on the flip side if it had been a loser you would have lost less :-) We have two classes of forecasters: Those who don’t know—and those who don’t know they don’t know. J. K. Galbraith (1908–2006) |
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Member Since Dec 20, 2010 9 posts
n0mad
Jan 07 2011 at 10:54
well i'll have to monitor that too but still, if we're being told every winner should net you 1% and each loser should cost 3% it doesn't seem to add up on that trade at least.
i have email admin@alonfx with a list of my last 20 trades or so and my balance hopefully they will look over it properly. |
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