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Forex Growth Bot
| Gain : | +2644.71% |
| Drawdown | 94.46% |
| Pips: | 8075.5 |
| Trades | 2881 |
| Won: |
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| Lost: |
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| Type: | Real |
| Leverage: | 1:200 |
| Trading: | Automated |
Forex Growth Bot Discussion
Member Since Oct 28, 2009
1409 posts
Jan 17, 2012 at 12:37
(edited Jan 17, 2012 at 12:38)
Let's just say that their back-end office is not as organised as I prefer. I had no problems with trades placed, although I never used their VPS. However I am looking for a new broker.
forex_trader_36599
Member Since May 13, 2011
1329 posts
Jan 17, 2012 at 12:39
FGB works Bar open. not each tick. Also TP is > 50 PIP so it can work with any broker and also can work from local. VPS is not necessey if your local stable and active 7/24.
pianosso posted:
Hello Steve. I wonder what's your experience with FGB and VPS at Thinkforex. Did you have issues or something else?
Thanks in advance!
Member Since Aug 04, 2011
12 posts
Jan 17, 2012 at 12:40
stevetrade posted:
Is anyone on here running this EA successfully on a broker other than Think Forex?
Hi Steve,
i'm running FGB with Alpari UK in real and the movements are almost the same of their profile.
forex_trader_36599
Member Since May 13, 2011
1329 posts
Jan 17, 2012 at 12:45
Because it is Bar Open. it will have max 2-3 pips difference for trades that can come from broker slippage thats all. FGB is the one of the best and stable commercial EA for Medium Term.
GianniCascoNero posted:
stevetrade posted:
Is anyone on here running this EA successfully on a broker other than Think Forex?
Hi Steve,
i'm running FGB with Alpari UK in real and the movements are almost the same of their profile.
Member Since Oct 28, 2009
1409 posts
Jan 17, 2012 at 12:46
Thanks for the information Gianni.
Member Since Oct 28, 2009
1409 posts
Jan 17, 2012 at 12:47
Thanks Steve, my question should obviously have been more specific. I was looking for someone that could tell me of a broker they were using that gave pretty much the same results as Think.
forex_trader_36599
Member Since May 13, 2011
1329 posts
Jan 17, 2012 at 12:49
Hi Steve
thats what I am saying if the broker is not SCAM the results for FGB will be the same for all brokers +- 2-3 Pips/Trade
thats what I am saying if the broker is not SCAM the results for FGB will be the same for all brokers +- 2-3 Pips/Trade
stevetrade posted:
Thanks Steve, my question should obviously have been more specific. I was looking for someone that could tell me of a broker they were using that gave pretty much the same results as Think.
Member Since Oct 28, 2009
1409 posts
Jan 17, 2012 at 13:04
2-3 pips difference can make a hell of lot of difference to the end result.
Looking at the stats as they stand currently we can see that out of 100 trades we would make ( please excuse rounding errors )
42 winners at 65.35 pips = 2744 pips
58 losers at 30.5 pips = 1769 pips
Total of 975 pips
Now, if we assume that we only ever lose 2-3 pips, which is entirely possible if the broker in question has a higher spread and a delay in execution compared to Think. Let's also assume a slight deterioration in successful trades we might have.
40 winners at 63.35 pips = 2494 pips
60 losers at 33.5 pips = 2010 pips
Total of 484 pips
Now, I realise I've generalised a fair amount here and played fast and loose with the law of averages but it just shows that a few pips here and there can make a large difference. In this case you would have lost half the profit that Think forex generated.
Looking at the stats as they stand currently we can see that out of 100 trades we would make ( please excuse rounding errors )
42 winners at 65.35 pips = 2744 pips
58 losers at 30.5 pips = 1769 pips
Total of 975 pips
Now, if we assume that we only ever lose 2-3 pips, which is entirely possible if the broker in question has a higher spread and a delay in execution compared to Think. Let's also assume a slight deterioration in successful trades we might have.
40 winners at 63.35 pips = 2494 pips
60 losers at 33.5 pips = 2010 pips
Total of 484 pips
Now, I realise I've generalised a fair amount here and played fast and loose with the law of averages but it just shows that a few pips here and there can make a large difference. In this case you would have lost half the profit that Think forex generated.
forex_trader_36599
Member Since May 13, 2011
1329 posts
Jan 17, 2012 at 13:16
if you want to keep that pips in your pocket then work with ATC. they have instant execution not market execution.
forex_trader_36599
Member Since May 13, 2011
1329 posts
Jan 17, 2012 at 13:19
this may help
Member Since May 12, 2011
63 posts
Jan 17, 2012 at 13:20
walker36 posted:
if you want to keep that pips in your pocket then work with ATC. they have instant execution not market execution.
But I think they have the minimum lot size of 0.1 with increments of 0.01. They are true ECN brokers.
forex_trader_36599
Member Since May 13, 2011
1329 posts
Jan 17, 2012 at 13:21
nothing is perfect
enjoytrade posted:
walker36 posted:
if you want to keep that pips in your pocket then work with ATC. they have instant execution not market execution.
But I think they have the minimum lot size of 0.1 with increments of 0.01. They are true ECN brokers.
Member Since Oct 28, 2009
1409 posts
Jan 17, 2012 at 13:26
It's interesting you mention ATC as that's the only other broker I've tried FGB live on.
Trading between 15/3/2011 and 5/5/2011 I lost 1% account balance overall whereas this account made roughly 20%.
Trading between 15/3/2011 and 5/5/2011 I lost 1% account balance overall whereas this account made roughly 20%.
forex_trader_36599
Member Since May 13, 2011
1329 posts
Jan 17, 2012 at 13:30
are you running it with the same setup?
stevetrade posted:
It's interesting you mention ATC as that's the only other broker I've tried FGB live on.
Trading between 15/3/2011 and 5/5/2011 I lost 1% account balance overall whereas this account made roughly 20%.
Member Since Oct 28, 2009
1409 posts
Jan 17, 2012 at 13:32
I was running basic edition ( which I think this is ) with the out of the box settings.
forex_trader_36599
Member Since May 13, 2011
1329 posts
Jan 17, 2012 at 13:41
thats really strange due I use basic edition with the default settings also ( I do never change creator settings for commercial EA s ) and having the same results with this account.
stevetrade posted:
I was running basic edition ( which I think this is ) with the out of the box settings.
Member Since Oct 28, 2009
1409 posts
Jan 17, 2012 at 13:42
Might have been a vps delay or some other delay at my end, my vps at the time was in Switzerland.
forex_trader_36599
Member Since May 13, 2011
1329 posts
Jan 17, 2012 at 13:45
(edited Jan 17, 2012 at 13:46)
I guess you should contact with the support. there should be another issue. FGB does not effected with some ms delays.
may be you are getting rejected executions!
may be you are getting rejected executions!
stevetrade posted:
Might have been a vps delay or some other delay at my end, my vps at the time was in Switzerland.
forex_trader_36599
Member Since May 13, 2011
1329 posts
Jan 17, 2012 at 13:48
ATC is instant execution. if you dont set max slippage orders will be rejected with error_129
stevetrade posted:
It's interesting you mention ATC as that's the only other broker I've tried FGB live on.
Trading between 15/3/2011 and 5/5/2011 I lost 1% account balance overall whereas this account made roughly 20%.
