Forex Growth Bot Diskussion

No , that's fine, it won't interfere with the robot controls. Only if you close down MT4 completely.

fxgrowthbot posted:
    No , that's fine, it won't interfere with the robot controls. Only if you close down MT4 completely.

Many thanks :)

Hi can you help, i am thinking of getting your robot, can i use it on FXCM its a 6 digit broker?

Do i need to change any settings?

Can this be used on only one MT4 account?

I have other questions


Do you have a skype acct or your support team on skype? That i can call on to get help setting this robot up on

thanks in advance

fxgrowthbot,

I wrote into support but didn't hear from them. If I want to run in the same account with 2 sets of settings will the trades conflict?

Lets say I run 1 set of trades on 1 chart at default. Then run another chart with slightly tweaked settings or even a different timeframe. Will this confuse the EA? I don't see any way to enter a magic number so that this might not be possible.

Hi forexgrothbot

Do i have to apply the FGB custom indicator to my chart or is there for the EA to use when it makes a trade?

Thanks

Graham

rayong1 posted:
    fxgrowthbot,

I wrote into support but didn't hear from them. If I want to run in the same account with 2 sets of settings will the trades conflict?

Lets say I run 1 set of trades on 1 chart at default. Then run another chart with slightly tweaked settings or even a different timeframe. Will this confuse the EA? I don't see any way to enter a magic number so that this might not be possible.

Hi Raymond

I have a tweaked version of the EA which allows me to set up MAGIC numbers for each chart.

I have a live account here: https://www.myfxbook.com/portfolio/forex-growth-bot/75835 which I set up today (no trades a yet)

I have 3 charts with basic setting except for the Volatility Factor. I have them set to 2.0, 2.5 & 3.0 respectvely

You are welcome to monitor the results if you like :)

Happy trading

Graham

You don't need to apply the indicator.

Raymond I believe we responded to your e-mail.

Axlk, yes it will work with your broker and it's locked to your PC.

We do have skype support but typically it's part of our advanced support package.

fxgrowthbot,
  Which broker, what version of Ea and what EA settings your are using for the results shown on this website ?

  Also do you manually ever handle the tardes for this account ?

  I am askng because the results are much better on this website than the account 1151607 on Thinkforex broker.

Thanks

I don't have idea why should hide the forex broker here... suspicious.

Hi Joe, are you referring to the statement on the website? on top ?

Locked to a PC = is it possible to change this 'lock', in case I change e.g. VPS to a different provider?

Yes it can be changed.

The broker.. is shown in info.. it's not hidden.

Has anyone gotten any trades this week with FGB?? Just curious. Mine hasn't taken any trades but its been a bit consolidated.
Thanks.

The broker is shown on his web site on the statement, but its hidden here at Myfx Book for what ever reasons.

MPierson posted:
    Has anyone gotten any trades this week with FGB?? Just curious. Mine hasn't taken any trades but its been a bit consolidated.
Thanks.

OOOPS... never mind. No sooner said than trade taken :-)

This guy brings it to the point....😎

https://www.forexpeacearmy.com/public/review/www.forexgrowthbot.com

FXGrowthbot,

This is that post on Forexpeacearmy.Can you please comment on it ?

Thank you

No Rating
 
Date of Post: 2011-01-09
 
Review: Ok looks good doesn't it, now time for reality FOLKS!
Go to their website and download the 8year Strategy tester report!
What do you see well I'll tell you:
From 13/02/02 to 05/04/02 there are 32 losers on in a Row Ouch!!
From 28/01/02 to 09/05/02 there is a running DD of 45.8%.
I hear people saying ok these things happen so what it made a nice profit after the 8yrs and continues to do so on the live statement RIGHT well WRONG!
Let's look at something here shall we.
Firstly yes 2002 was a long time ago but it counts remember the rule what has happened in the past can happen again PERIOD that's why we back test RIGHT!
Secondly take a close look at the lot size on that back test its 0.1 ($1) against a $2500 starting balance, and the current live statement is using 0.05 (50c) against a $250 starting balance that's 5 times bigger, because if they had deposited $2500 on the live statement 10 x $250 that 0.05 lot would be 0.5 ($5) 10 times more, are with me so far?
So now let's look at that 45.8% DD again based on the current lot size against balance on the live statement that would be 5 x higher 229% which makes the system this EA uses on current lot size untradeable, so those results are not a true reflection of a realistic return over a long period, to make it a tradable EA those lot sizes should be set 5 times LOWER @ 0.01 (10c) against the $250 balance and hence the returns are suddenly not so impressive!!
Over the 8yrs the returns average out @ around 16% per month with a running DD of 45.8% and don't forget the 32 losers in a row I don't think those stats are very impressive do you??
Sorry to be a party pooper but I'm sick of these sites claiming they are selling a Rolls Royce and providing a Mini yes they both get you from a to b but if you choose to drive the Rolls it will run out of Petrol before you reach your final destination more than once as well!!
And remember to maintain the monthly % returns you have to compound your lot sizes (increase them against your balance) so that 229% DD will always be a risk, even with the right lot size a 45.8% DD is quite a high risk to make a miserable 16% a month, in my opinion anyway!