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
Jun 13, 2012 at 14:41
stevetrade posted:
It's had bad runs before. It will recover.
What I am more concerned about is receiving FGB emails promoting FX Phantom which on first inspections seems to be an appalling EA that is happy to risk massive drawdowns in order to win a handful of pips just to push up the win rate - a losing strategy if ever I saw one.
Steve,
i agree Will is promoting other EA's that really have no footing and loosing credibility.
forex_trader_30861
Member Since Mar 02, 2011
14 posts
Jun 14, 2012 at 14:35
hi,
ea are all rubbish. this ea is back to where balance was in January. 6 months for nothing.
I moved to better managed account in fxdme.com
no hassle updates, VPS all this crap.
Im done with EA, complete waste time.
ea are all rubbish. this ea is back to where balance was in January. 6 months for nothing.
I moved to better managed account in fxdme.com
no hassle updates, VPS all this crap.
Im done with EA, complete waste time.
Member Since Oct 28, 2009
1424 posts
Jun 14, 2012 at 14:44
Wow, I'll take a managed account that has one month of performance over FGB's 19 months of performance any day!
🙄
🙄
forex_trader_30861
Member Since Mar 02, 2011
14 posts
Jun 14, 2012 at 14:51
hi,
no i was in trading room with them for 2 months before managed account start so i know what they can do. the man account is new but system not
problem with growthbot is the return is half the risk (DD is 30% and Return 15% month)
So recovery period is tooooooo long :):)
the manage account make X3-5 of risk (30+% versus DD 10%)
so recovery factor quick.
besides I cant stay with a robot that not made any money in 6 months, its ridiculous
no i was in trading room with them for 2 months before managed account start so i know what they can do. the man account is new but system not
problem with growthbot is the return is half the risk (DD is 30% and Return 15% month)
So recovery period is tooooooo long :):)
the manage account make X3-5 of risk (30+% versus DD 10%)
so recovery factor quick.
besides I cant stay with a robot that not made any money in 6 months, its ridiculous
Member Since Oct 28, 2009
1424 posts
Jun 14, 2012 at 15:17
As was pointed out recently, the lot size was recently increased from 0.15 to 0.20 on this account. That makes the recent losses look far worse than they are. It was just bad timing. I still believe this EA will return to winning form.
forex_trader_30861
Member Since Mar 02, 2011
14 posts
Jun 14, 2012 at 15:22
the MaM is manual trading, not from the bot systems. It trades from the room they call.
I hope it works out Steve, I admire your faith and persistence in FGB.
For me, I off. I just cant suffer losing 6 months of gain in a DD.
Adios Amigos
I hope it works out Steve, I admire your faith and persistence in FGB.
For me, I off. I just cant suffer losing 6 months of gain in a DD.
Adios Amigos
Member Since Jun 17, 2010
25 posts
Jun 14, 2012 at 15:41
yoyofx,
i hope you do well with that service. However i do have to say if you are expecting returns in a straight line with no setbacks for new advances you might be heading off for a new disappointment.
Quite frankly i see a support ascending line in Growthbot. In any system with some risk (even in bonds) you have reductions before new advances. You can take advantage of bottoms for new investments or 'buy and hold' and just ride the long term curve. Anyway i would be very surprised if you dont get the same kind of effect (return back in time, zeroing profit before a new advance) with any service, manual or automatic.
i hope you do well with that service. However i do have to say if you are expecting returns in a straight line with no setbacks for new advances you might be heading off for a new disappointment.
Quite frankly i see a support ascending line in Growthbot. In any system with some risk (even in bonds) you have reductions before new advances. You can take advantage of bottoms for new investments or 'buy and hold' and just ride the long term curve. Anyway i would be very surprised if you dont get the same kind of effect (return back in time, zeroing profit before a new advance) with any service, manual or automatic.
forex_trader_30861
Member Since Mar 02, 2011
14 posts
Jun 15, 2012 at 10:14
hi bladerunner,
of course everything is not straight up.
FGB relies on trend continuation for profit, without this condition, it fails.
It is not robust enough to cope in a range market.
I dont like the idea of keeping it on just because its 'overdue' a winner. Market doesnt care if FGB is due a winner.
of course everything is not straight up.
FGB relies on trend continuation for profit, without this condition, it fails.
It is not robust enough to cope in a range market.
I dont like the idea of keeping it on just because its 'overdue' a winner. Market doesnt care if FGB is due a winner.
Jun 15, 2012 at 16:35
Honestly, all of those 'manual trading' whether signals or managed accounts are one big crap or i had no luck with them. Even if they had good performance in past they crash somewhen and the losses cover profits.
I'm afraid, I wonder how will FGB work now, after the greece elections??
I'm afraid, I wonder how will FGB work now, after the greece elections??
Jun 15, 2012 at 20:09
grgr posted:
Honestly, all of those 'manual trading' whether signals or managed accounts are one big crap or i had no luck with them. Even if they had good performance in past they crash somewhen and the losses cover profits.
I'm afraid, I wonder how will FGB work now, after the greece elections??
I guess that the performance of the FGB doesn't depend on the elections in Greece.
This robot has a good performance when the quotes have a defined trend in the H1 chart but it has a very bad behavior when the quotes start a period of high volatility in the M15 chart. Furthermore, most of the trades began with gains, but due to this robot waits too much before closing his positions by waiting for a trend, those positions were finally closed with losses.
Member Since Oct 17, 2011
38 posts
Jun 19, 2012 at 04:11
I have a loss trade on 18th June, but there isn't the same trade on this displaying account.
anyone else got the same loser trade?
I am also trading with Thinkforex
anyone else got the same loser trade?
I am also trading with Thinkforex
Member Since May 23, 2012
3 posts
Jun 19, 2012 at 06:21
billion_yao posted:
I have a loss trade on 18th June, but there isn't the same trade on this displaying account.
anyone else got the same loser trade?
I am also trading with Thinkforex
Tom - yep also using ThinkForex and also got the same trade (about -20pips) and nothing on FGB myfxbook. i have had about 3 of these over the past 3 weeks.. still got FGB in demo and although the results are poor over the past month i am probably more preturbed by the inability to reconcile trades. I chose Thinkforex, run on a VPS, all my settings are default and the trades dont reconcile.... my major concern is reconciliation at this point as i understand FGB has drawdowns... i spent quite abit of time reconciling their past results but if their results can never match mine then it feels more like a lottery... I will leave it running for a while longer but need some convincing still.
Sweeeet
Jun 19, 2012 at 06:56
The reason the recent trades are not listed in myfxbook is , it is not updated. The last update time of statistics can be seen from the left side, under 'stats'. Currently the last update time is shown as ' June 14, 21.45 '
Yesterday I had 2 short positions opened in mine, one of them ending -19 pips and the other -23 pips
Yesterday I had 2 short positions opened in mine, one of them ending -19 pips and the other -23 pips
