Forex Growth Bot Discussion

Demitch posted:
    

MissPipsKiller posted:
    

jprize posted:
    

Demitch posted:
    Hope I'm not the only one with 1 LONG position open and running since yesterday :)

You probably closed a short manually and did not restart FGB. I'm pretty sure that when you do this , FGB thinks the short is still open and when it thinks it is closing the short...it opens a long. Any time you manually close a position , you need to restart FGB.

maybe is this the reason too, that fgb open some times wrong lot size by me?

In my case jprize was correct, I did close one SHORT and in a while FGB opened one LONG.

But in your case, if you have a version lower than 1.6 then you need to upgrade.

no, i use 1.6

i have the issue just when i change the default settings.

I got 5 trades on copier. Closed manually, bit early but I am fine with it: 128 pips collected today.

Hello..
I'm looking into buying FGB & running it on a FXCM demo 1st then live.. Is FGB very profitable & are there any quirks on the install?
Thanks

dear staff,
hey.. why my FGB like before? my lot size setting fixed at 0.2, why, there is a trade (now manually closed) with 0.8 lot?

we've missed again a good exit point ... all of the open trades (5 buy) were in profit. Now only 2 were closed with a small profit. 😞

drago posted:
    we've missed again a good exit point ... all of the open trades (5 buy) were in profit. Now only 2 were closed with a small profit. 😞

FGB's biggest problem is the exit strategy of the trades. sometimes it gains very good but usually it misses the good exits. The last trades i closed manually and i took 181 pips from 4 trades.

When the creators develop the exit strategy the FGB will be the best EA of the market.

Wow. Wish i had thought to optimize for the recent price data earlier. Did a test with 99% accuracy and with my new settings....using 0.1 lot size....from June 1st through aug 10th......I show a gain of nearly +$9000. Not curve fit either. That is approximately +9000 pips in about 2.5 months. The drawdown was about 12% at max. the absolute drawdown was about $250. FGB is a very impressive EA...if you remember to update the settings every once in a while.

fughe posted:
    Wow. Wish i had thought to optimize for the recent price data earlier. Did a test with 99% accuracy and with my new settings....using 0.1 lot size....from June 1st through aug 10th......I show a gain of nearly +$9000. Not curve fit either. That is approximately +9000 pips in about 2.5 months. The drawdown was about 12% at max. the absolute drawdown was about $250. FGB is a very impressive EA...if you remember to update the settings every once in a while.

How do you go about updating the settings, fughe?

You do an optimization with the mt4 strategy tester. If you do a search on google you will find lots of info about it.

Test your settings over a longer period and let us know the results.

In general optimising EA's based on short term price data ( a few months ) is the quickest way to the poor house.

Testing these setting over a longer period would be pointless. The market does not act the way it used to. The current market requires different settings that operate efficiently with the way it acts now. My old setting which worked well over the past year, have made very little in the past couple of months due to losses. I am quite certain that over the long term, these settings will not be the best due to the way this EA trades. it will be necessary to update them again when the market changes again, as it always does.

Thanks, fughe.. So true that the arket does change its behavior & what's good for a season won't last forever..

This insane volatility has been rough to deal with lately. After how the FGB handled it...I honestly would prefer that the markets continue to go crazy. I will be rich by next month! :)

That's the whole point. You never know when the market will change it's behaviour or what it will change it to.

Looking at the past couple of months and saying 'Oh I made losses I'd better adjust my settings to what would have made me money over the last two months' is over-optimising and you will get caught out time and time again.

Amongst other contributing factors, such as fundamentals, the markets have seasonality to them. Are you taking that into account? Settings that worked well during the summer are not likely to work well in the autumn or winter. Settings that are good in March/April are likely to be poor at other times. The best way to use any EA is to optimise over as long a time period as possible and then stick with your settings. The fact that the default settings with FGB work well over a ten year period means that you can pretty much stick it on your account and just leave it to do it's thing. Almost safe in the knowledge that it is foolproof.

Actually, I have multiple witnesses that i correctly identified a tremendous market change that would stay for an extended period the first week of June. Had I thought to optimize my FGB then, I would be $9000 richer at a minimum.

I think both of you are right... I have seen where too much tinkering can cause major problems % yet many EA's are too stiff & don't respond very well to market changes.. A balance is good..😄

Yes. I have seen what over optimization and curve fitting can do. I take measures to intentionally avoid that.

Although I've been day trading awhile, I'm just getting started with EA's & MT4 & have much to learn. It sounds like you have a good handle on it, fughe..

I have an engineering mindset, so it just sort of makes sense to me. That plus I have obsessively researched the forex market and mt4 and EAs.