ShareForex Growth Bot (by fxgrowthbot) Szybkie statystyki
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Forex Growth Bot Dyskusja
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Członek od Nov 05, 2011 5 postów
nxk33
Aug 08 2012 at 10:47
manual intervention is the only thing that will save your ass from catastrophe, i personally use this ea but i manually set take profits (when i am in front of my pc) and every week i adjust the number of maximum orders, i usually set the ea to trade 1 order at time, but if the week was bad i set it to 2, and if the week after is bad too i set it to 3, then, when i recovered enough i scale down to 1 max order.. if the week, or a particular day, was very good i simply turn it off, doing so i fortunately have avoided this catastrophic drop..
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Członek od Mar 16, 2012 1 postów
hell81007
Aug 10 2012 at 07:51
I've had enough of FGB...
Please PM me if any1 is interested in purchasing it...for a much lesser price than that of vendor's...... |
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Członek od Jun 26, 2011 36 postów
betowm
Aug 13 2012 at 17:02
nxk33 posted:
manual intervention is the only thing that will save your ass from catastrophe, i personally use this ea but i manually set take profits (when i am in front of my pc) and every week i adjust the number of maximum orders, i usually set the ea to trade 1 order at time, but if the week was bad i set it to 2, and if the week after is bad too i set it to 3, then, when i recovered enough i scale down to 1 max order.. if the week, or a particular day, was very good i simply turn it off, doing so i fortunately have avoided this catastrophic drop.. Also I am trading with this bot by intervening the trades manually when I notice that the bot takes a bad decision, but such as many times my manual intervention has served for avoiding bigger losses, of the same mode my manual intervention has cutted the gains prematurely while the bot reached bigger profits. In the average , my manual intervention has not gave better results than letting the bot work alone. |
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Członek od Oct 28, 2009 1162 postów
Steve Boardman (stevetrade)
Aug 14 2012 at 08:45
(zmieniany Aug 14 2012 at 08:46 )
Same here, I started out with it by intervening, I lost more than the bot. Often when you decide it's not going to break resistance it does. There are a few things to think about.
1) You haven't backtested 'your version' 2) If you can trade better than the bot why aren't you trading manually? 3) What's your trading plan and how did you test it? If you don't have a clear trading plan that's been backtested then you're gambling not trading. 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. |
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Członek od Nov 05, 2011 5 postów
nxk33
Aug 15 2012 at 12:40
stevetrade posted:
Same here, I started out with it by intervening, I lost more than the bot. Often when you decide it's not going to break resistance it does. There are a few things to think about. 1) You haven't backtested 'your version' 2) If you can trade better than the bot why aren't you trading manually? 3) What's your trading plan and how did you test it? If you don't have a clear trading plan that's been backtested then you're gambling not trading. don't you think that using an authomated brainless ea to trade is more risky than gambling? a backtest on previous years data can give you enough confidence? to be honest i don't think so, you, as everyone who uses an ea to trade, keep an eye on your ea's performance every week (if not every day) because you are not so confident. i am trading with an ea basically because i can't be all day in front of my pc to catch big spikes.. i know that sometimes if you cut your profits too early in the end you will lose a lot of good opportunities, in fact i am only adjusting the tp, as a rule, i set my tp at least at a minimum of 70-100 pips, because after such a drop a rebound of at least 1/4 (if not a 1/2) should be expected.. btw the greatest result in manual intervention is not to be found in manual tp, but in manual positions reduction, 'statistically' when you gain a lot of pips you are going to lose some of them very soon, if you look at the equity curve of the ea you will notice that this is how it works.. it gains a lot, and then it loses a lot.. |
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Członek od Oct 28, 2009 1162 postów
Steve Boardman (stevetrade)
Aug 15 2012 at 13:42
(zmieniany Aug 15 2012 at 13:43 )
nxk33 posted:
don't you think that using an authomated brainless ea to trade is more risky than gambling? a backtest on previous years data can give you enough confidence? to be honest i don't think so, you, as everyone who uses an ea to trade, keep an eye on your ea's performance every week (if not every day) because you are not so confident. I hope not or I may as well take my money out and start following the horses. The only way to trade whether it is manually or automated is by using a proven strategy. The only way to prove a strategy is to test it. The only data we have to test it is back testing on historical data or by forward testing on current data. The best way to back test data is on as large a statistical sample and over as many trades as possible. The only way to do this, unless you are a masochist, is automatically. I don't really monitor FGB. I check it every now and then. I close it down for weekends. If I did monitor it I would interfere in it. I ensure that my server is up by having alerts that let me know if it's gone down but other than that I leave it to it. I only really check it to see if I'm making money or not and to compare it to the live account on here to ensure my broker is performing satisfactorily in comparison to Think Forex. I agree that the equity line looks like a fairly smooth progression, however I think it's not possible to predict which ones will be winners and which losers. Take the recent losing run for example. How does that fit in to your strategy? You could have easily have jumped back in too early and then got freaked and because you don't have a trading plan you are then wondering whether to leave positions open or not. This is what it comes down to, trading is about acceptable risk and creating that sense of certainty ( whether or not it is illusionary ) in your mind that what you are doing will reap rewards. If you aren't trading to a plan that has proved itself historically then where does your certainty come from? 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. |
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Członek od Dec 22, 2011 13 postów
iamfxfapturbo
Aug 15 2012 at 14:20
Totally agree with you, Steve.
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Członek od Jun 06, 2012 1360 postów
stevewalker (stevewalker)
Aug 15 2012 at 17:42
 'The only way to do this, unless you are a masochist, is automatically.' Trade the Trend, Defend to Price! |
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Członek od Feb 11, 2011 440 postów
rob559
Aug 15 2012 at 21:40
(zmieniany Aug 15 2012 at 21:42 )
still up by 30 some% in 2012,pretty good if you consider that hedge funds have a hard time to make 20% yearly
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Członek od May 30, 2012 22 postów
Iroa
Aug 23 2012 at 09:25
Hi Steve can you show us what settings you use with this? I have FGB on default but it seems to take different trades than yours.
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