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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

Steve B (stevetrade)
Mar 02 2012 at 09:25
1408 posts

   cendolcilik posted:
   hi steve, are u make FGB ?, from your statement, if u don't like please leave, what is the meaning, we are here to discuss to make FGB better and better, please sorry if u don't like my statement.. please remove it


Hi, no I didn't make FGB. Wish I had.

All I'm saying is that from time to time FGB will suffer drawdowns, as can be seen from it's trading record, but it always recovers. The problem occurs when the markets get choppy. Predicting when this will happen and working it into an EA is almost impossible. The EA has a ten year backtest history and a solid trading basis to believe the results of that backtest. I'm sure there are tweaks that can be made but overall I think it's average monthly return is phenomenal. You just have to be patient and after several years you will be pretty wealthy.

SmoothHedge
Mar 05 2012 at 11:05
52 posts
I haven't seen any other FGB accounts that have been profitable over the last 6 months. Perhaps the FGB team are manually intervening with this account.

Steve B (stevetrade)
Mar 05 2012 at 11:15
1408 posts
I can confirm that the trades on here pretty much match the trades I get with the Alpari account I started a few weeks ago.

I would guess the opposite is likely, that people are manually closing their own FGB trades thinking that they know better where the markets are likely to go.


forextraveler (memforex)
Mar 05 2012 at 11:16
119 posts

   SmoothHedge posted:
   I haven't seen any other FGB accounts that have been profitable over the last 6 months. Perhaps the FGB team are manually intervening with this account.


Offcourse I believe that, moreover I didn't take last profittable trades because EA was locked in VERIFYING, it's not the first time I have problems like that, this EA is a b****it

bladerunner
Mar 05 2012 at 11:21
25 posts
My trades have been matching GB pretty closely. Make your DD regarding brokers. This is a highly sensitive robot to brokers.

primevalea
Mar 05 2012 at 20:56
449 posts

   prototipo posted:
   

   SmoothHedge posted:
   I haven't seen any other FGB accounts that have been profitable over the last 6 months. Perhaps the FGB team are manually intervening with this account.


Offcourse I believe that, moreover I didn't take last profittable trades because EA was locked in VERIFYING, it's not the first time I have problems like that, this EA is a b****it

agree

betowm
Mar 07 2012 at 12:15
45 posts
Again... losses. This EA always trades in the correct side of the market, but wait too much to take the profits, what allowing them to become it in losses. Once achieve that, the EA take the losses. Look the down trend in the 1 hour chart. Since the 2/29 the price doesn't do other thing that falling. And this EA had made only sales. The EA was right always, but despite it, only collected mostly losses
(I hope my bad English be understand, my language is Spanish)

Gianni (GianniCascoNero)
Mar 07 2012 at 12:18
13 posts

   betowm posted:
   Again... losses. This EA always trades in the correct side of the market, but wait too much to take the profits, what allowing them to become it in losses. Once achieve that, the EA take the losses. Look the down trend in the 1 hour chart. Since the 2/29 the price doesn't do other thing that falling. And this EA had made only sales. The EA was right always, but despite it, only collected mostly losses
(I hope my bad English be understand, my language is Spanish)


Agree, yesterday was +130pips...and today close in loss 😭
I think FGB have a bad close strategy.

pianosso
Mar 07 2012 at 12:30
51 posts
The close strategy is as good as the profits made so far! It's impossible for anyone - software or human - to predict where is the best low/high price for closing a sell/buy order. You all expect FGB to do supra-natural work. Well, just wait... The same strategy produced 1700% gain. If you do not want looses, feel free to manually close any positive trade you are pleased with, but do not come here then to express your frustration about not letting it a little bit more on that positive trade. Same goes for negative P/L. Don't try to bee rich doing nothing but complaining. Do your homework and at least read all the thread. Your complaints have been already discussed before and there're are some resolutions.

Good luck!

betowm
Mar 07 2012 at 13:08
45 posts
pianosso: don't give too much importance to the 1700 % performance. This number hasn't relevance because if you make work the EA with a leverage of 400:1 you might achieve much more than 1700 %. If you design a robot that make only one trade on the whole week, but has an accurate of 99% (win the 99% of the trades and only lost the 1 % of them) you can work with an account by using 400:1 of leverage by making trades of 10 lots and you will achieve this 1700 % but in only one month. This 1700 % means nothing. Believe me.

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