Forex Growth Bot (by fxgrowthbot) Quick Stats
Gain: +566.98%
Drawdown: 94.46%
Pips: 4990.9
Trades: 2288
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  1259 posts Steve B (stevetrade) Mar 07 2012 at 13:22
'Might' and 'if' don't bring any money to the bank, only action brings money to the bank.
The facts are the facts FGB has turned $250 into $4500. If you can do similar then feel free to sell me a copy of your EA.

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.
betowm

Member Since Jun 26, 2011  45 posts betowm Mar 07 2012 at 13:38
My English es bad. May be that I am not using the correct words. If you have an EA that win only the 39% of the trades and loss the 61 % of them, you are not able to make large trades because if the first 10 o 15 trades result in losses your account can be easily blowed. But if you have an EA that make less trades but with an high reliability, your trades can be so large as 10 lots per trade and you can achieve a 1000 % in one month.
In that project I am working, but because I am not a professional programmer, the thing goes very slow...

stevetrade

Member Since Oct 28, 2009  1259 posts Steve B (stevetrade) Mar 07 2012 at 13:48
In my opinion you should only risk a certain percentage of your equity per trade. As systems that win 99% of the time generally do so by having a poor risk:reward ratio then you don't win very much with each winning trade. If you can find a system that wins 99% of the time with a good risk:reward ration then you're a genius and deserve your money but I haven't seen a system like that to date.


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.
pianosso

Member Since Mar 08, 2011  51 posts pianosso Mar 07 2012 at 14:00

   stevetrade posted:
   'Might' and 'if' don't bring any money to the bank, only action brings money to the bank.
The facts are the facts FGB has turned $250 into $4500. If you can do similar then feel free to sell me a copy of your EA.



I will use simple words. The winning rate is much less important than the number of pips in profit. Yes, FGB has more looses than winnings but the number of pips gained is THE MOST IMPORTANT! This is good because the risk/reward ratio is bigger than 150%. This EA looses around 25 pips in a trade and wins 60. Do your math. The bottom line is that the bigger but seldom profits exceed the smaller but often looses.
 In long term this fact will bring you profits. Also, the leverage has nothing to do with profits if you measure it in pips, not in dollars. I hoped you would have known that. The leverage only affects the amount of money you can use for a trade. This EA now uses 0.15 lots which can never blow the account due to the small stop loss level implemented.

REMEMBER! A forex trader should calculate the risk and the profits in points or pips, NOT in dollars, euros or whatever.

betowm

Member Since Jun 26, 2011  45 posts betowm Mar 08 2012 at 16:36
What is the criteria that use the FGB for closing the positions? From some hours the price is in upward strenght , but the robot decided to close the trades instead of adding more positions...

tapachula

Member Since Mar 25, 2010  193 posts Miguel (tapachula) Mar 08 2012 at 17:22

   betowm posted:
   My English es bad. May be that I am not using the correct words. If you have an EA that win only the 39% of the trades and loss the 61 % of them, you are not able to make large trades because if the first 10 o 15 trades result in losses your account can be easily blowed. But if you have an EA that make less trades but with an high reliability, your trades can be so large as 10 lots per trade and you can achieve a 1000 % in one month.
In that project I am working, but because I am not a professional programmer, the thing goes very slow...


1000% in one month, Woooow (another hyper-rich esquem) normally an ea with a 90% winning is 1:1 ratio or worst like most scalpers, your ea can blow the account in less than 2 days right?. In the best scenario ratio will be 1:1, if you set the ea with a goal (MM)of 250% in a week, in the wrong way could loss 100% in 2 days.

traders looking for the Holy grail normally endend with empty pockets first ;)

Yeah i know my grammar sucks, I speak spanish. Sorry if something doesnt make sense ;)
tapachula

Member Since Mar 25, 2010  193 posts Miguel (tapachula) Mar 08 2012 at 17:23

   betowm posted:
   What is the criteria that use the FGB for closing the positions? From some hours the price is in upward strenght , but the robot decided to close the trades instead of adding more positions...


Depend of ur settings, ie smart exit=false/on

But FGB take last 50 bars to make decisions

Yeah i know my grammar sucks, I speak spanish. Sorry if something doesnt make sense ;)
betowm

Member Since Jun 26, 2011  45 posts betowm Mar 12 2012 at 12:40
I have noticed that when I turn off PC, if the FGB has open positions, the MT4 loses the control over these positions.
This has happened to somebody of you? Somebody know if this account is working on a VPS? and the last question: if this account is working over a VPS, how does the owner of the account when the in the VPS cut their service? the positions are closing manually? Thank you to whom respond me

NewHotness

Member Since Feb 08, 2012  4 posts NewHotness Mar 13 2012 at 21:55

   betowm posted:
   I have noticed that when I turn off PC, if the FGB has open positions, the MT4 loses the control over these positions.
This has happened to somebody of you? Somebody know if this account is working on a VPS? and the last question: if this account is working over a VPS, how does the owner of the account when the in the VPS cut their service? the positions are closing manually? Thank you to whom respond me
This is one of a few EAs that doesn't regain control of open positions when MT4 is closed. You'd be silly not to run this EA on a VPS. There is an option of what to do when reopening mt4 with open positions, close, leave open, or ask user.

betowm

Member Since Jun 26, 2011  45 posts betowm Mar 15 2012 at 13:05
NewHotness: Thank you for responding . Do you know a broker with VPS to recommend to me? I have my demo account running in the broker 'Think Forex' (the same that have this account of the FGB owner) but this broker (Think Forex) doesn't accept funds wired from the U.S. (I much would like know why) . For this reason I have to choice a broker in the U.S.

Regards,

Betowm

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