Forex Growth Bot

Gain : +2644.71%
Drawdown 94.46%
Pips: 8075.5
Trades 2881
Won:
Lost:
Type: Real
Leverage: 1:200
Trading: Automated

Forex Growth Bot Discussion

Dec 20, 2010 at 23:46
247,675 Views
3,525 Replies
Member Since May 24, 2010   371 posts
Jul 23, 2012 at 08:11

yoyofx posted:
you guys are completely disillusioned. It hasnt made money in 2012.
We are entering month 8.
Face the music, its a crock.
Better with this: https://www.myfxbook.com/members/forexfast/forex-fasttrader/347197

Actually, it is an EA, namely Forex Grid Trader. Just have a look at:
https://www.myfxbook.com/members/FxGridTraderEA/forex-grid-trader-ea-fx/294047

Before you go for this dubious PAMM advertised with a fake pic of 'Adam Fonzeci', you'd better get a copy of Forex Grid Trader, a simplistic grid/marty on GU.
Member Since Jun 09, 2011   186 posts
Jul 25, 2012 at 20:51
hmm thanks for sharing man
Member Since Feb 15, 2012   202 posts
Jul 26, 2012 at 05:44
I think this grid trader is similar to forex hacked, and forex hacked is more secure as its auth server doesn't get down by time to time
So be aware this is a possible risk
Member Since Oct 28, 2009   1424 posts
Jul 26, 2012 at 09:31 (edited Jul 26, 2012 at 09:31)

yoyofx posted:
you guys are completely disillusioned. It hasnt made money in 2012.
We are entering month 8.
Face the music, its a crock.
Better with this: https://www.myfxbook.com/members/forexfast/forex-fasttrader/347197

Hmm let's all run off and use a grid system that's 'proved' itself over nine months. We've been here before back in 2011. People saying 'Oh FGB is broke, hasn't made any money for ages' and then it goes on a good winning streak.

I generally find that the second everyone believes that something is completely screwed is the exact second before it proves itself. But hey, you're welcome to your opinion and it's your prerogative to use dodgy staking systems.
 
Member Since Jun 26, 2011   45 posts
Jul 27, 2012 at 12:25
I am planning to open a page here, in myfxbook for showing my account performance, but I have a doubt...if I make a withdraw of money of my account, the graph will show a fall, like a loss due to a bad trade? If I want to show the performance of my account, will I never be able to do withdrawals in order to avoid modify the shape of the behavior graph?

Thank in advance to whom respond me.

Betowm
Member Since Oct 28, 2009   1424 posts
Jul 27, 2012 at 12:32
Hi,
No it calculates percentage growth based on what's in the account. It will show the withdrawals on the balance graph but not on the growth chart.
Best regards Steve
Member Since Jun 26, 2011   45 posts
Jul 27, 2012 at 15:08

stevetrade posted:
Hi,
No it calculates percentage growth based on what's in the account. It will show the withdrawals on the balance graph but not on the growth chart.
Best regards Steve
Thank you very much Steve
Member Since Sep 29, 2010   182 posts
Jul 30, 2012 at 17:26 (edited Jul 30, 2012 at 17:27)
1x spare Forex Growth Bot license for sale $60 (half price of $129). I accept paypal which has buyers protection, so what have you got to lose? PM ME!

you get the order number which is the login name and the password from me.
Member Since Mar 14, 2012   5 posts
Aug 02, 2012 at 06:05
Hye Steve Boardman,

Can we buy spare key from others (which is not being used yet) ?


Thanks
Member Since Jun 26, 2011   45 posts
Aug 02, 2012 at 11:14
Neither in the 10 years of backtest the FGB had a behavior so bad as is having in this year. I am very disappointed.
Member Since Mar 08, 2011   51 posts
Aug 02, 2012 at 13:13
Wrong! The market is the one BEHAVING, NOT a PROGRAMMED computer software. Backtests have no relation with the future. They cannot predict anything and that is a fact.
rob559
forex_trader_29148
Member Since Feb 11, 2011   1916 posts
Aug 02, 2012 at 14:25 (edited Aug 02, 2012 at 14:26)
it gust will be a losing strake ,it happens and bad months do
Member Since Jun 26, 2011   45 posts
Aug 02, 2012 at 15:00

pianosso posted:
Wrong! The market is the one BEHAVING, NOT a PROGRAMMED computer software. Backtests have no relation with the future. They cannot predict anything and that is a fact.

Based on the 10 years of backtest all of us have purchased this bot., dont tell me now that you are the exemption.
It is enough reasonable to think that in 10 years, the market has done everything that a market can do; and if it isn't enough with a backtest of 10 years of historic data to convince to someone for purchasing a forex robot, please, tell me how long should be a backtest for convincing to somebody that a bot is good.
Member Since Mar 08, 2011   51 posts
Aug 02, 2012 at 18:42 (edited Aug 02, 2012 at 18:42)
Tell us which year brung the worst results in your backtest.
Member Since Jun 26, 2011   45 posts
Aug 02, 2012 at 19:58

pianosso posted:
Tell us which year brung the worst results in your backtest.

With the default settings, the worst backtests was at years 2003 and 2005
In the year 2007 3/4 of the year had losses but in the last 1/4 of the year the bot gained 7.5 % .....
Member Since Mar 08, 2011   51 posts
Aug 02, 2012 at 21:47
Thanks. A curious fact is that if we draw a trend line of the FGB's profit, we notice a break below it... As some will say, we should see a restest then a straight down :-) I really hope the forex theory will not apply.
Member Since Oct 28, 2009   1424 posts
Aug 03, 2012 at 10:45

bismillah123 posted:
Hye Steve Boardman,

Can we buy spare key from others (which is not being used yet) ?


Thanks

No idea, it's not my EA. Send an email to support on their home page. In theory though as you can change the license once you use it there is no reason why you can't buy an existing licence and switch the account.
Member Since Oct 28, 2009   1424 posts
Aug 03, 2012 at 10:52 (edited Aug 03, 2012 at 10:52)
I decided to check out my backtest and FGB shows a small loss over an entire two year period ( 1999-2000 ). Not sure if most people would tolerate an entire two years of no growth.


Be interesting to see if other people saw this same bad period in their backtests.

If you look at the behaviour of the EurUsd recently it has been appalling, my guess is it's down to too much government interference. If it carries on in this manner and the state of the Euro zone is possibly an indication that it will then FGB will continue to lose in my opinion.

I am seriously considering my position on this EA at the moment.

Attachments:

Member Since Nov 23, 2009   35 posts
Aug 03, 2012 at 11:41

stevetrade posted:
I decided to check out my backtest and FGB shows a small loss over an entire two year period ( 1999-2000 ). Not sure if most people would tolerate an entire two years of no growth.


Be interesting to see if other people saw this same bad period in their backtests.

If you look at the behaviour of the EurUsd recently it has been appalling, my guess is it's down to too much government interference. If it carries on in this manner and the state of the Euro zone is possibly an indication that it will then FGB will continue to lose in my opinion.

I am seriously considering my position on this EA at the moment.

)

Me too. It should be very bad session for this bot. I am at -50% just right now.
Member Since May 09, 2011   7 posts
Aug 03, 2012 at 14:32
It all depends when traders started with FGB..

starting end of 2010 1000% not bad.., you'll be sitting through this..
starting july 2011 , 10-20% maybe..., ok lets see what happens, maybe.
starting Jan 2012 , big minus...., yike my capital will be gone soon!!!

Perhaps a focus on smaller gains, and consistency, will avoid the threat of manual intervention: Expert Advisor - OFF and loss..?
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