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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

betowm
May 28 2013 at 09:40
45 posts
betowm
May 28 2013 at 09:43
45 posts
falcon333
May 28 2013 at 21:43
54 posts
I can see the draw down is getting uglier still than last time I noticed it at 40%. Now it is close to 50%. I see that most people talking here have given up on this EA, calling it dead. I think that is the right move.

Some few are hanging on through the torture and pain, even halving the lot sizing to die a little more slowly. My hat does go off to you few who are in this predicament. You have real faith -- undoubtedly bolstered by the 10 year backtests and 3 year forward tests. But no matter how long something is backtested and forward tested, the future holds that degree of surprise that can throw off the best of constructed EAs. It is a sad fact. This skepticism does not stop me from using EAs, but it does caution me against holding on to EAs in the face of new evidence showing the markets are no longer favorable for them.

SolidPips (Abago)
May 29 2013 at 05:17
33 posts
'Be greedy when others are fearful.' - Warren Buffet

scalptastic
May 29 2013 at 10:29
38 posts
the most important rule of automated trading; is knowing when a strategy is dead; versus when it is having a drawdown.

numerous studies dwell into this field; and the most common one is the monte carlo simulation.

In a nutshell; the rules says: 'abandon the strategy if the real drawdown exceeds 2x historical drawdown'.

example; if the historical drawdown is %15; then abandon the strategy when real drawdown reached %30.

In other words; would you really have traded this strategy; if the backtest show %50 drawdown? I don't think so.
so why are you holding to this strategy in real life; now that you know it is down %50?

Based on this real evidence; this strategy has been dead for a while :(



Steve B (stevetrade)
May 29 2013 at 10:39
1408 posts
That's a good point, I'm currently assessing my options. It's a hard one this. There is the chance that a good winning streak is just around the corner that will at least earn some of the losses back, or it could just keep losing.

I think the issue with this strategy now is that it's being shown how horrific the drawdowns can get when the market is against it.

I think if I had something solid to replace it with, then it would be in the bin by now.

Best regards Steve

vsar
May 29 2013 at 12:55
1 posts
Anyone wants give away lisens? I am interested to get one :)

Steve B (stevetrade)
May 29 2013 at 13:03
1408 posts
I might know someone selling a license, how much are you prepared to pay for it?
Best regards Steve

drsong123
May 29 2013 at 21:46
94 posts
I knew there is problem to update myfxbook due to new MT4 build. But I really would like to see FGB to continue update this account by using myfxbook update EA. thanks

betowm
May 30 2013 at 00:26
45 posts
I'm afraid that myfxbook is not working well. It is impossible that the FGB hasn't done any trade today, between 13:00 hs and 14:00 hs GMT

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