How you are supposed to use Avonko (avoid this mistake!!)

[jwilliamson]

I learned this the hard way when I first bought the Avonko Elite EA - don't trade on news days!!!

The system is designed to capture a relatively consistent breakout pattern, but news events inevitably lead to unpredictable directional swings in the price of the GBP-USD - Avonko is not designed to capture these swings.

Take it from me, I have traded the wrong way for a couple weeks and then realized what I was doing wrong. Now my account is skyrocketing since I'm using a little bit of discretion as far as which days I use the system on.

Visit a site like forexfactory.com in order to figure out which events will affect the GBP-USD pair, and then when reports/data/whatever are scheduled to come out, don't set the system to trade that day. You will see more losers than winners on news days if you do not follow this advice.

If you follow this golden rule and only use Avonko on days where there is no scheduled news event that will impact the GBP-USD, then I assure you (from my experience) your results will be much much better!

I'm talking 75% - 90% winners this way... use your discretion people!