To use chat, please login.
Back to contacts

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 07 2012 at 13:22
1408 posts
'Might' and 'if' don't bring any money to the bank, only action brings money to the bank.
The facts are the facts FGB has turned $250 into $4500. If you can do similar then feel free to sell me a copy of your EA.

betowm
Mar 07 2012 at 13:38
45 posts
My English es bad. May be that I am not using the correct words. If you have an EA that win only the 39% of the trades and loss the 61 % of them, you are not able to make large trades because if the first 10 o 15 trades result in losses your account can be easily blowed. But if you have an EA that make less trades but with an high reliability, your trades can be so large as 10 lots per trade and you can achieve a 1000 % in one month.
In that project I am working, but because I am not a professional programmer, the thing goes very slow...

Steve B (stevetrade)
Mar 07 2012 at 13:48
1408 posts
In my opinion you should only risk a certain percentage of your equity per trade. As systems that win 99% of the time generally do so by having a poor risk:reward ratio then you don't win very much with each winning trade. If you can find a system that wins 99% of the time with a good risk:reward ration then you're a genius and deserve your money but I haven't seen a system like that to date.


pianosso
Mar 07 2012 at 14:00
51 posts

   stevetrade posted:
   'Might' and 'if' don't bring any money to the bank, only action brings money to the bank.
The facts are the facts FGB has turned $250 into $4500. If you can do similar then feel free to sell me a copy of your EA.



I will use simple words. The winning rate is much less important than the number of pips in profit. Yes, FGB has more looses than winnings but the number of pips gained is THE MOST IMPORTANT! This is good because the risk/reward ratio is bigger than 150%. This EA looses around 25 pips in a trade and wins 60. Do your math. The bottom line is that the bigger but seldom profits exceed the smaller but often looses.
 In long term this fact will bring you profits. Also, the leverage has nothing to do with profits if you measure it in pips, not in dollars. I hoped you would have known that. The leverage only affects the amount of money you can use for a trade. This EA now uses 0.15 lots which can never blow the account due to the small stop loss level implemented.

REMEMBER! A forex trader should calculate the risk and the profits in points or pips, NOT in dollars, euros or whatever.

betowm
Mar 08 2012 at 16:36
45 posts
What is the criteria that use the FGB for closing the positions? From some hours the price is in upward strenght , but the robot decided to close the trades instead of adding more positions...

Miguel (tapachula)
Mar 08 2012 at 17:22
193 posts

   betowm posted:
   My English es bad. May be that I am not using the correct words. If you have an EA that win only the 39% of the trades and loss the 61 % of them, you are not able to make large trades because if the first 10 o 15 trades result in losses your account can be easily blowed. But if you have an EA that make less trades but with an high reliability, your trades can be so large as 10 lots per trade and you can achieve a 1000 % in one month.
In that project I am working, but because I am not a professional programmer, the thing goes very slow...


1000% in one month, Woooow (another hyper-rich esquem) normally an ea with a 90% winning is 1:1 ratio or worst like most scalpers, your ea can blow the account in less than 2 days right?. In the best scenario ratio will be 1:1, if you set the ea with a goal (MM)of 250% in a week, in the wrong way could loss 100% in 2 days.

traders looking for the Holy grail normally endend with empty pockets first ;)

Miguel (tapachula)
Mar 08 2012 at 17:23
193 posts

   betowm posted:
   What is the criteria that use the FGB for closing the positions? From some hours the price is in upward strenght , but the robot decided to close the trades instead of adding more positions...


Depend of ur settings, ie smart exit=false/on

But FGB take last 50 bars to make decisions

betowm
Mar 12 2012 at 12:40
45 posts
I have noticed that when I turn off PC, if the FGB has open positions, the MT4 loses the control over these positions.
This has happened to somebody of you? Somebody know if this account is working on a VPS? and the last question: if this account is working over a VPS, how does the owner of the account when the in the VPS cut their service? the positions are closing manually? Thank you to whom respond me

NewHotness
Mar 13 2012 at 21:55
4 posts

   betowm posted:
   I have noticed that when I turn off PC, if the FGB has open positions, the MT4 loses the control over these positions.
This has happened to somebody of you? Somebody know if this account is working on a VPS? and the last question: if this account is working over a VPS, how does the owner of the account when the in the VPS cut their service? the positions are closing manually? Thank you to whom respond me
This is one of a few EAs that doesn't regain control of open positions when MT4 is closed. You'd be silly not to run this EA on a VPS. There is an option of what to do when reopening mt4 with open positions, close, leave open, or ask user.

betowm
Mar 15 2012 at 13:05
45 posts
NewHotness: Thank you for responding . Do you know a broker with VPS to recommend to me? I have my demo account running in the broker 'Think Forex' (the same that have this account of the FGB owner) but this broker (Think Forex) doesn't accept funds wired from the U.S. (I much would like know why) . For this reason I have to choice a broker in the U.S.

Regards,

Betowm

Please login to comment .