Forex Growth Bot (by fxgrowthbot) Quick Stats
Gain: +562.36%
Drawdown: 94.46%
Pips: 4983.2
Trades: 2287
Won:
Lost:
Type: Real
Leverage: 1:200
Trading: Automated

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Forex Growth Bot Discussion
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stevetrade

Member Since Oct 28, 2009  1258 posts Steve B (stevetrade) Mar 02 2012 at 09:25

   cendolcilik posted:
   hi steve, are u make FGB ?, from your statement, if u don't like please leave, what is the meaning, we are here to discuss to make FGB better and better, please sorry if u don't like my statement.. please remove it


Hi, no I didn't make FGB. Wish I had.

All I'm saying is that from time to time FGB will suffer drawdowns, as can be seen from it's trading record, but it always recovers. The problem occurs when the markets get choppy. Predicting when this will happen and working it into an EA is almost impossible. The EA has a ten year backtest history and a solid trading basis to believe the results of that backtest. I'm sure there are tweaks that can be made but overall I think it's average monthly return is phenomenal. You just have to be patient and after several years you will be pretty wealthy.

11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
SmoothHedge

Member Since Jun 18, 2011  52 posts SmoothHedge Mar 05 2012 at 11:05
I haven't seen any other FGB accounts that have been profitable over the last 6 months. Perhaps the FGB team are manually intervening with this account.

stevetrade

Member Since Oct 28, 2009  1258 posts Steve B (stevetrade) Mar 05 2012 at 11:15
I can confirm that the trades on here pretty much match the trades I get with the Alpari account I started a few weeks ago.

I would guess the opposite is likely, that people are manually closing their own FGB trades thinking that they know better where the markets are likely to go.


11:15, restate my assumptions: 1. Mathematics is the language of nature. 2. Everything around us can be represented and understood through numbers. 3. If you graph these numbers, patterns emerge. Therefore: There are patterns everywhere in nature.
memforex

Member Since Jul 21, 2010  115 posts memiforex (memforex) Mar 05 2012 at 11:16

   SmoothHedge posted:
   I haven't seen any other FGB accounts that have been profitable over the last 6 months. Perhaps the FGB team are manually intervening with this account.


Offcourse I believe that, moreover I didn't take last profittable trades because EA was locked in VERIFYING, it's not the first time I have problems like that, this EA is a b****it

bladerunner

Member Since Jun 17, 2010  12 posts bladerunner Mar 05 2012 at 11:21
My trades have been matching GB pretty closely. Make your DD regarding brokers. This is a highly sensitive robot to brokers.

primevalea

Member Since Jan 14, 2010  449 posts primevalea Mar 05 2012 at 20:56

   prototipo posted:
   
   SmoothHedge posted:
   I haven't seen any other FGB accounts that have been profitable over the last 6 months. Perhaps the FGB team are manually intervening with this account.


Offcourse I believe that, moreover I didn't take last profittable trades because EA was locked in VERIFYING, it's not the first time I have problems like that, this EA is a b****it

agree

Money makes more money $ ... $$$
betowm

Member Since Jun 26, 2011  45 posts betowm Mar 07 2012 at 12:15
Again... losses. This EA always trades in the correct side of the market, but wait too much to take the profits, what allowing them to become it in losses. Once achieve that, the EA take the losses. Look the down trend in the 1 hour chart. Since the 2/29 the price doesn't do other thing that falling. And this EA had made only sales. The EA was right always, but despite it, only collected mostly losses
(I hope my bad English be understand, my language is Spanish)

GianniCascoNero

Member Since Aug 04, 2011  12 posts Gianni (GianniCascoNero) Mar 07 2012 at 12:18

   betowm posted:
   Again... losses. This EA always trades in the correct side of the market, but wait too much to take the profits, what allowing them to become it in losses. Once achieve that, the EA take the losses. Look the down trend in the 1 hour chart. Since the 2/29 the price doesn't do other thing that falling. And this EA had made only sales. The EA was right always, but despite it, only collected mostly losses
(I hope my bad English be understand, my language is Spanish)


Agree, yesterday was +130pips...and today close in loss cry
I think FGB have a bad close strategy.

pianosso

Member Since Mar 08, 2011  51 posts pianosso Mar 07 2012 at 12:30
The close strategy is as good as the profits made so far! It's impossible for anyone - software or human - to predict where is the best low/high price for closing a sell/buy order. You all expect FGB to do supra-natural work. Well, just wait... The same strategy produced 1700% gain. If you do not want looses, feel free to manually close any positive trade you are pleased with, but do not come here then to express your frustration about not letting it a little bit more on that positive trade. Same goes for negative P/L. Don't try to bee rich doing nothing but complaining. Do your homework and at least read all the thread. Your complaints have been already discussed before and there're are some resolutions.

Good luck!

betowm

Member Since Jun 26, 2011  45 posts betowm Mar 07 2012 at 13:08
pianosso: don't give too much importance to the 1700 % performance. This number hasn't relevance because if you make work the EA with a leverage of 400:1 you might achieve much more than 1700 %. If you design a robot that make only one trade on the whole week, but has an accurate of 99% (win the 99% of the trades and only lost the 1 % of them) you can work with an account by using 400:1 of leverage by making trades of 10 lots and you will achieve this 1700 % but in only one month. This 1700 % means nothing. Believe me.

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