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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

fxgrowthbot
Jan 12 2011 at 17:55
107 posts
The review on Forex Peace Army is utter garbage. What this guy is confused about is many things. We have reinvest capital set to true.. which means that it increases the lot sizes as account grows. Thus, if the account reaches high numbers the lot sizes are much higher and can result in higher drawdowns. This is purely to show users what can be done. We ALWAYS recommend you to watch the trades and adjust lot sizes that best fit your account szie and your risk appetite. In the manual we state recommended lot sizes that are lower risk and do not have 50% drawdowns not even close.

On our live statement we did initally have a .05 lot on a $250 account which yes is high risk, but now that is no longer high risk due to the account size. 400 % a month is unrealistic without risk. We do not say on our website anywhere you will make a million dollars overnight.. it's just not possible. Realistically this robto can do well and is for many. One user contacted us with 30% gain in almost a month.. this isnt' 400%... but if you ask me 30% on a lower risk lot size.. is pretty damn good.

This person is a fear monger. There are too many scams out there and everyone is looking for a reason that this is fake... well i'm sorry but it's real. There will be losses and wins, this is life this is gambling. No robot or person can win every trade. This robot will lose, BUT we are confident it will be succeed in the long run. As we have shown.

Even someone here mentioned 'this is suspicious they aren't showing the broker!' please pull yourself together, that is utterly childish and ridiculous. We are in this business to help others make money and for us to make money. If we make great robots then you will come back for more. If we don't you won't. Our goal is to bring you back. We want to help people and that's why I'm writing this long response.

FEEL FREE TO ASK QUESTIONS.. E-MAIL US. This is a real robot.

Mr Nicky (Tradingcompany)
Jan 12 2011 at 18:26
245 posts
fxgrowthbot posted:
    The review on Forex Peace Army is utter garbage. What this guy is confused about is many things. We have reinvest capital set to true.. which means that it increases the lot sizes as account grows. Thus, if the account reaches high numbers the lot sizes are much higher and can result in higher drawdowns. This is purely to show users what can be done. We ALWAYS recommend you to watch the trades and adjust lot sizes that best fit your account szie and your risk appetite. In the manual we state recommended lot sizes that are lower risk and do not have 50% drawdowns not even close.

On our live statement we did initally have a .05 lot on a $250 account which yes is high risk, but now that is no longer high risk due to the account size. 400 % a month is unrealistic without risk. We do not say on our website anywhere you will make a million dollars overnight.. it's just not possible. Realistically this robto can do well and is for many. One user contacted us with 30% gain in almost a month.. this isnt' 400%... but if you ask me 30% on a lower risk lot size.. is pretty damn good.

This person is a fear monger. There are too many scams out there and everyone is looking for a reason that this is fake... well i'm sorry but it's real. There will be losses and wins, this is life this is gambling. No robot or person can win every trade. This robot will lose, BUT we are confident it will be succeed in the long run. As we have shown.

Even someone here mentioned 'this is suspicious they aren't showing the broker!' please pull yourself together, that is utterly childish and ridiculous. We are in this business to help others make money and for us to make money. If we make great robots then you will come back for more. If we don't you won't. Our goal is to bring you back. We want to help people and that's why I'm writing this long response.

FEEL FREE TO ASK QUESTIONS.. E-MAIL US. This is a real robot.


The review on Forex Peace Army is Garbage? So to include more, did you just say that trading is gambling?

PRandell
Jan 12 2011 at 18:35
31 posts
fxgrowthbot,

I'd like to add to your notes that results from eight years ago don't necessarily have anything to do with what's going on today. The bot may have had 32 loses in a row 8 years ago, but that doesn't mean it'll do the same today. gbp/usd does not behave today the way it behaved 8 years ago guys. We do backtesting to get a SENSE of what a robot can do. It's not a roadmap to the future. It's just a guide. I figure like this: If it fails in backtest, move on. If it succeeds in backtest, then we may have a chance for the future.

And i agree about this being gambling. How do all these people with their $250 accounts expect 'income' returns day in and day out? where else are you going to get more than 5% a year return? If you're expecting 30% a month, then expect some turbulence. This is not a ride without it's bumps.

I'm watching this Ea along with 6 others. I haven't come to any conclusions yet. But so far I like what i see here. When i feel comfortable enough I'll start trading it with a small amount. And see what happens then. So far I haven't seen what i see from some scam EAs, namely people reporting a complete different set of trades from their accounts versus what's posted on fxbook. That's a red flag, but this EA seems to be trading the same for everyone.

PRandell

PRandell
Jan 12 2011 at 18:40
31 posts
Ben Smirt,

I agree with fxgrowthbot: It IS gambling. Wake up. Don't tell me you're naive enough to think this is investing. Or maybe it's like a job where you get paid for the hours you put in? You are GUESSING, for God's sake, where the currency pair is going to be in the near or distant future. You are betting your money that your guess is right. That's gambling. Or maybe you like the word speculating better? If you're looking for income money from the market, put your money in a nice cozy CD. You'll get your 5% a year. Maybe less. Not sure, i haven't checked lately. I can do that for you if you like.

PRandell

Mr Nicky (Tradingcompany)
Jan 12 2011 at 18:45
245 posts
PRandell posted:
    Ben Smirt,

I agree with fxgrowthbot: It IS gambling. Wake up. Don't tell me you're naive enough to think this is investing. Or maybe it's like a job where you get paid for the hours you put in? You are GUESSING, for God's sake, where the currency pair is going to be in the near or distant future. You are betting your money that your guess is right. That's gambling. Or maybe you like the word speculating better? If you're looking for income money from the market, put your money in a nice cozy CD. You'll get your 5% a year. Maybe less. Not sure, i haven't checked lately. I can do that for you if you like.

PRandell


It is only those who dont know the Technicality of forex that calls it gambling

Mr Nicky (Tradingcompany)
Jan 12 2011 at 18:45
245 posts
Tradingcompany posted:
    
PRandell posted:
    Ben Smirt,

I agree with fxgrowthbot: It IS gambling. Wake up. Don't tell me you're naive enough to think this is investing. Or maybe it's like a job where you get paid for the hours you put in? You are GUESSING, for God's sake, where the currency pair is going to be in the near or distant future. You are betting your money that your guess is right. That's gambling. Or maybe you like the word speculating better? If you're looking for income money from the market, put your money in a nice cozy CD. You'll get your 5% a year. Maybe less. Not sure, i haven't checked lately. I can do that for you if you like.

PRandell


It is only those who dont know the Technicality of forex that call it gambling


And let me add, gambling is actually what you cant predict but actually put hope that it will go your way, but winning possibility is actually Zero, but in Forex, your prediction if you know what you are doing will be 80/100%, which means you win 8 trades out of every 10 trades you place, you cant tell me that is gambling

fxgrowthbot
Jan 12 2011 at 18:47
107 posts
Thanks guys I appreciate coming to my defense. We are doing the best we can to provide a quality robot. And it's not always going to be perfect. In regards to the markets changing, they will most likely not be the same as they were in the past. Market conditions are not reverting. Back testing is a good measure, BUT NOT an accurate one.

Thanks again.

house66
Jan 12 2011 at 18:54
13 posts
954978 2011.01.12 11:00 sell 0.20 eurusd 1.29864 0.00000 0.00000 2011.01.12 14:00 1.30246 0.00 0.00 0.00 -76.40

955085 2011.01.12 11:15 sell 0.20 eurusd 1.29804 0.00000 0.00000 2011.01.12 14:00 1.30244 0.00 0.00 0.00 -88.00

955187 2011.01.12 11:30 sell 0.20 eurusd 1.29666 0.00000 0.00000 2011.01.12 13:45 1.30035 0.00 0.00 0.00 -73.80

955848 2011.01.12 14:15 buy 0.20 eurusd 1.30204 0.00000 0.00000 2011.01.12 17:30 1.31057 0.00 0.00 0.00 170.60

955929 2011.01.12 14:30 buy 0.20 eurusd 1.30439 0.00000 0.00000 2011.01.12 17:30 1.31057 0.00 0.00 0.00 123.60

955770 2011.01.12 14:00 buy 0.20 eurusd 1.30246 0.00000 0.00000 1.31291 0.00 0.00 0.00 209.00 (open)

my today trades result :)

Raymond (rayong1)
Jan 12 2011 at 22:04
126 posts
Hi House,

What broker you using? I got the losses but not the winners.


house66
Jan 12 2011 at 22:13
13 posts
Hi Raymond

with finfx I have a demo with default settings (they are not the results you see here)

with thinkforex a demo with advanced settings ( increased risk )

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