AlonFx10/30Live Diskussion

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,

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?

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.

Now I get what you mean.
Your trade size is always 10% of the balance.

X10 of the balance.
Balance is $2k, trade lot size is $20k

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%.

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.

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%.

Thanks Peter,

I did as you suggested and it all seem around the 1% some under some over.

thanks for your time.

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

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

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

Hi,
The losing trade was 1hr 10min post NFP. One hour before and one hour after NFP was 4 winners.

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.

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.

Sorry it was 5 loser from 49. (440-150=290pips):29%

Still early Saturday morning😄

The changes you have made to your system seems to be yielding good result.

Hi,
Not so great today.
Very choppy and lose of correlations today. (EURUSD and USDCHF moving up in parallel)

Hi Peter, as per my last post 29th Dec, on the other Alon page which is not in use now....

'I am still none the clearer as to why there are 4 losing trades and 4 winning ones on the live account for the 23rd December versus 8 losing trades on the FXCBS/my account? Clearly they are not running the same trades......Can you please explain what is happening......and if it will be rectified.....as it is quite confusing.'

Could you please explain what happened is happening now etc with regards to the above.

Thanks

Sophie