AlonFx10/30Live (By Peter Harding )
The user has deleted this system.

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
I was just getting interested
Peter Harding
(alonfx)
Member Since Oct 22, 2010
37 posts
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,
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
alonfx posted:Hi Peter,
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,
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?
Peter Harding
(alonfx)
Member Since Oct 22, 2010
37 posts
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.
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
SolarFX
(forexma)
Member Since Feb 16, 2010
1332 posts
Jan 07 2011 at 09:24
Now I get what you mean.
Your trade size is always 10% of the balance.
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."
Peter Harding
(alonfx)
Member Since Oct 22, 2010
37 posts
Jan 07 2011 at 09:30
X10 of the balance.
Balance is $2k, trade lot size is $20k
Balance is $2k, trade lot size is $20k
Bringing you a Brighter Future in Forex

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
$10 per winner, $30 per loser, for every $1000 in your account
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%.
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%.

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 :-)
on the flip side if it had been a loser you would have lost less :-)
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.
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.
Peter Harding
(alonfx)
Member Since Oct 22, 2010
37 posts
Jan 07 2011 at 11:00
Hi,
Your account has NOTHING to do with master lot size.
If you look on last 5-6 trades, you will see range of 0.87-1.1% gains.
If you nett it out, it will be very close to 1%.
Your account has NOTHING to do with master lot size.
If you look on last 5-6 trades, you will see range of 0.87-1.1% gains.
If you nett it out, it will be very close to 1%.
Bringing you a Brighter Future in Forex
Thanks Peter,
I did as you suggested and it all seem around the 1% some under some over.
thanks for your time.
I did as you suggested and it all seem around the 1% some under some over.
thanks for your time.

Jan 07 2011 at 13:38
Peter,
In an earlier post you mentioned trades would be locked out during news. That didn't happen today with the release of the US unemployment data at 8:30 AM EST. Your live account opened a trade about 1 minute after the announcement. Was that supposed to happen?
Gene
In an earlier post you mentioned trades would be locked out during news. That didn't happen today with the release of the US unemployment data at 8:30 AM EST. Your live account opened a trade about 1 minute after the announcement. Was that supposed to happen?
Gene
Peter Harding
(alonfx)
Member Since Oct 22, 2010
37 posts
Jan 07 2011 at 13:58
Hi,
We locked it down 45min before, trade triggered 52min before.
It worked out well in end. (eurjpy)
Yes, we opened trades after news after we seen poor NFP we sold $US
We locked it down 45min before, trade triggered 52min before.
It worked out well in end. (eurjpy)
Yes, we opened trades after news after we seen poor NFP we sold $US
Bringing you a Brighter Future in Forex

Jan 07 2011 at 17:09
alonfx posted:
Hi,
We locked it down 45min before, trade triggered 52min before.
It worked out well in end. (eurjpy)
Yes, we opened trades after news after we seen poor NFP we sold $US
Peter,
I would think an hour before and after news releases would be a more appropriate timeframe than what was used today. In fact, we had three winners and one loser in that one hour window before and after the release today. The results: Break even for those four trades during one of the most volatile times of the month.
People are still reeling from the Christmas sting and volatility during that timeframe was nothing compared to the volatility during the hour before and after the unemployment release figures each month. It just seems to be too risky...and I'm usually not adverse to risk. As for me, I will most likely turn off my tradecopier software one hour before and after the unemployment news release each month. The risk/reward during that time doesn't seem worth it.
Gene
Peter Harding
(alonfx)
Member Since Oct 22, 2010
37 posts
Jan 07 2011 at 17:56
Hi,
The losing trade was 1hr 10min post NFP. One hour before and one hour after NFP was 4 winners.
The losing trade was 1hr 10min post NFP. One hour before and one hour after NFP was 4 winners.
Bringing you a Brighter Future in Forex
Peter,
As a subscriber to your PAMM account, I was obviously dispirited by the losses over the Christmas period. I have to comment however that since you revamped your trading methods as announced a few days ago, the performance has been nothing short of remarkable.
Congratulations to you and the team and I hope that the current performance continues.
Cheers,
Nick.
As a subscriber to your PAMM account, I was obviously dispirited by the losses over the Christmas period. I have to comment however that since you revamped your trading methods as announced a few days ago, the performance has been nothing short of remarkable.
Congratulations to you and the team and I hope that the current performance continues.
Cheers,
Nick.
Peter Harding
(alonfx)
Member Since Oct 22, 2010
37 posts
Jan 08 2011 at 10:54
Hi Nick,
What happened over Christmas can only describe as a tonic. Obviously very painful for investors at the time but in long run much better, It made us dissect and rebuild 10/30 operating structure for the better.
We have completely overhauled the system including trade logic, risk management and auto/manual execution timing. We have also added preventative drawdown measures. (stop trade functions)
Trade logic has only changed slightly, risk management has had major change, auto/manual execution has had major changes also.
The changes have been instrumental and we are very pleased with 5 losers from 45 trades since 4th January mods returning 30%*. (*450-150=300pips)
We look forward to a promising 2011.
What happened over Christmas can only describe as a tonic. Obviously very painful for investors at the time but in long run much better, It made us dissect and rebuild 10/30 operating structure for the better.
We have completely overhauled the system including trade logic, risk management and auto/manual execution timing. We have also added preventative drawdown measures. (stop trade functions)
Trade logic has only changed slightly, risk management has had major change, auto/manual execution has had major changes also.
The changes have been instrumental and we are very pleased with 5 losers from 45 trades since 4th January mods returning 30%*. (*450-150=300pips)
We look forward to a promising 2011.
Bringing you a Brighter Future in Forex
Peter Harding
(alonfx)
Member Since Oct 22, 2010
37 posts
Jan 08 2011 at 12:09
Sorry it was 5 loser from 49. (440-150=290pips):29%
Still early Saturday morning😄
Still early Saturday morning😄
Bringing you a Brighter Future in Forex