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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

SignalKu (megashop)
May 25 2013 at 07:41
21 posts
forex trading should be easy, there is old but proven strategy using golden ratio in forex
use fibonacci ! read this at www.animediaku.com 😉

calvin (nakanishi)
May 25 2013 at 08:12
47 posts
I believe a successful trader should switch systems between time. Market changes all the time. No one system in the world will be profitable at any market condition. That's the reason why there r so many trading system going around. When a system won't work ( as the profit is going down month after month like fgb in year 2013). It's time to change.

anglican007
May 25 2013 at 16:14
25 posts
for how long? which currency is to be traded? what to do with the eurusd drawdown?

calvin (nakanishi)
May 25 2013 at 17:17
47 posts
its been god like in the start. but take a look at its performance for yr 2012 and 2013. its failing . and those who hope that it will bounce back. how are you so sure of that? because backtest told you so? wake up.. the choice is yours, continue to suck in more DD, or switch to a systems that works for current market condition. open a weekly or daily EURUSD chart and take a look. how the market look like in the pass and this 2 years. thats explain everything.

scalptastic
May 26 2013 at 06:59
38 posts
FGB is dead

Iroa
May 27 2013 at 10:13
37 posts
Naw the problem is the sizing. It began with % risk that increased the lot size when its winning, decrease when its losing. Now its trading fixed size with many times the original positions without decreasing size. As anyone who's ever worked in a casino will tell you, using bigger positions after multiple losses than when you started is a common strategy to lose money.

As an example, even in 2012. It still had positive pip gain from the beginning to end of the year. In fact most investment funds underperformed as well because of lack of volatility that year. And if any of you were watching this account last year, Draghi did the same thing to FGB during his press conference too. Heck the loss in pure pips was even worse last time bc FOMC occurred right before that.

The only reason this latest drop is more dramatic is because it traded with bigger lots which resulted in bigger losses.

What you should learn from this experience is to switch off FGB when FOMC and eu rate decisions are approaching.



scalptastic
May 27 2013 at 13:48
38 posts
unfortunately CPR only works on some humans; it does not work on strategies.


cgasucks
May 27 2013 at 14:45
34 posts
I wish FGB would automatically downsize when its account is at a certain level....regardless of the position sizing, I look at the number of pips gained in the long run and so far, FGB is still waaay ahead in pips gained since inception despite this horrible month..

betowm
May 28 2013 at 08:12
45 posts
Is strange. My bot has made 2 'SELL' trades at 1,28896 and 1,28855 (of course, closing them with losses again) but here , in myfxbook these trades doesn't appears...

Pacific Scalp (Alpscalp)
May 28 2013 at 08:43
113 posts
Not bad overtime. At least a system with a higher avergae win than loss (most of the time other way around and risky MM, regardsless of winratio). But I don't like the big drawdowns.
We are concentrating on EURUSD to with our signal service. We want to achieve a stituation where the dd is lower than the monthly gain.. Then you have a superb system. Wish us luck, or in the mean time take a free trial! ;-)

Happy trading to everybody!

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