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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

house66
Jan 12 2011 at 22:17
13 posts
parameter :
LotSize=0.2; FastVolatilityBase=3; SlowVolatilityBase=60; VolatilityFactor=2; ProfitTarget=0.65; StopLoss=0.3; ProfitLossVolatilityBase=70

Raymond (rayong1)
Jan 12 2011 at 22:18
126 posts
Are you using the basic version? I find that even with that you can do some tweaking for much better results. But have to balance gain with drawdown. The higher the gain the higher the drawdown.

I saw your setting just after I posted this. That answers my question. So you're using the upgraded version. Was tempted to change the settings but thought I'd go with default for a while first.

I had a question to support before. I wanted to run FGB on one chart with default settings, another with tweeked settings and maybe yet another with different timeframe. After testing and optimizing of course. Support surprisingly said it could work but to try and see. Thought they would know that. forexgrowthbot, could I do this? Is there some kind of internal magic number being generated so that multiple instances wouldn't conflict with one another?

house66
Jan 12 2011 at 22:20
13 posts

rayong1 posted:
    Are you using the basic version?


i using Advanced Edition

house66
Jan 12 2011 at 22:30
13 posts
Ho provato 15 giorni,tali impostazioni non sono buone per i periodi con bassa volatilità, ottimo con forte direzionalità ... anche backtest confermare questa

house66
Jan 12 2011 at 22:40
13 posts

rayong1 posted:
    Are you using the basic version? I find that even with that you can do some tweaking for much better results. But have to balance gain with drawdown. The higher the gain the higher the drawdown.

I saw your setting just after I posted this. That answers my question. So you're using the upgraded version. Was tempted to change the settings but thought I'd go with default for a while first.

I had a question to support before. I wanted to run FGB on one chart with default settings, another with tweeked settings and maybe yet another with different timeframe. After testing and optimizing of course. Support surprisingly said it could work but to try and see. Thought they would know that. forexgrowthbot, could I do this? Is there some kind of internal magic number being generated so that multiple instances wouldn't conflict with one another?


The Power Source Edition have a magic number for multiple instances

Star
Jan 12 2011 at 23:19
52 posts
FXGrowthbot,

Can you please comment on the result of the back test for 2002 where drawdown was 49% with recommended risk settings according to that post from Forexpeacearmy.Is this true ?

Thank you

house66
Jan 12 2011 at 23:27
13 posts
from my backtest in 1939 I have a drawdown of 58.5% 😱. .. and 12/12/2012 and dangerous: O
markets 10 years old .. very different from these, I think be elementary no? 🙄
bah

Star
Jan 13 2011 at 00:08
52 posts

house66 posted:
    from my backtest in 1939 I have a drawdown of 58.5% 😱. .. and 12/12/2012 and dangerous: O
markets 10 years old .. very different from these, I think be elementary no? 🙄
bah


If it actually happened in 2002 , then it can happen at anytime in the future.History tends to repeat itself.

PRandell
Jan 13 2011 at 05:41
31 posts
Anyone who thinks trading Forex can be accomplished with 100% certainty is either naive, a newbie, liar, misinformed, inexperienced or just plain stupid. Whenever you try to predict the future movement of anything, and you put your money on that prediction, you are gambling that your prediction is correct.

And if you can find a system that works MOST of the time, then you're a lucky bastard, and congratulations. I mean, hell... there are poker players who make a living gambling. A Good living. But that doesn't make it employment, nor investment what they're doing. They are freaking gambling, people! Wake the F up. You're not a bunch of retards, are you?

And again I see a post from either same guy with the a different screen name, or someone who didn't read the prior posts, asking to comment on a drawdown from the eisenhower era. Who gives a rat's butt what happened in 2002? Do you know what the world was like back then? Do you know what the underlying forces behind the currency pairs traded were in 2002? Do those conditions exist today? I personally think if an EA has been doing great this past year, then it'll probably do great for the next year, and never work again. That's my take at least.

You're never going to find an EA or strategy that's going to work always and forever amen. Market conditions, brokers, MMs, will always adjust things against it. You're lucky if it works for a year, let alone two. So stop the whining acting like scared children. Buy the EA, or don't. If you buy it, try it on demo. If it works, put some real money and if that works, put in more money. That's the way it works. What the F is this 'can you comment on what happened in 2002?'

What is he supposed to say? 'Um... well, in 2002 we just came out of september 11th, and so the world economy was recovering from a great shock, blah blah blah'. Is anything he says going to make you feel better? How about 'I wrote the EA to work only on odd numbered years'. I just don't get what answer he could give you to satisfy you. Is there any answer? Hell, if i wrote this EA, i won't know how to answer a retarded question like that.

PRandell

fxgrowthbot
Jan 13 2011 at 06:36
107 posts
Wow PRandell, well said thank you.

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