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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

kennyhubbard (compuforexpamm)
Mar 04 2011 at 12:16
265 posts
jsantos3 posted:
    Today is NFP news. Since this ea closes trades at the 15m time interval, what can happen if price goes down 100 pips? Now it has four open buys. Certainly it will close at loss bigger than average loss. Of course, the opposite price goes up will be good luck. Anyone comment on experience of open trades during major news?


I think you summarised it with your second last sentence......LUCK. IMHO that is not trading........it is gambling. Either close out the positions, or read up sufficiently to take a fundamental stance on the NFP this afternoon. Remember, this bot does not know that it is NFP and therefore this has not been accounted for in its trading decision.

I, personally, would be looking to get out of any trades, as I do not count on luck for my results.

On a fundamental POV, I would not go as far as shorting the USD, but I wouldn't count on continued climb. The NFP is expected to be good and this has already been priced into the USD. The chances that NFP is going to be much better than expected is unlikely but there is plenty of room for a downside shock. Bear in mind, my stance doesn't go about being correct about the USD, but it is about risk. To me the downside risk outweighs the upside.......

RPP123
Mar 04 2011 at 12:20
45 posts

jsantos3 posted:
    Today is NFP news. Since this ea closes trades at the 15m time interval, what can happen if price goes down 100 pips? Now it has four open buys. Certainly it will close at loss bigger than average loss. Of course, the opposite price goes up will be good luck. Anyone comment on experience of open trades during major news?



i just closed my four position, better not to take risk on live account,

best regards

RPP

Star
Mar 05 2011 at 18:43
52 posts
Fxgrowthbot,

Three weeks ago you mentioned the the fix for lost trades will be out in a week or two.Now three weeks passed since then.
Can you please update everyone on when will this be fixed ?

Thanks

ksnikos2000
Mar 06 2011 at 07:57
40 posts
forex growth bot

this bot definitely needs a news filter to close any open trades in case there is an important high impact news which is likely to change the nature of the market dramatically for the currency pair it’s trading on.Otherwise you have to monitor it all the time and decide either to close the trades or not. On the other had if it is not trading at this moment i think it handles well the news as it waits a little before it gets in the market and decide the trend.Remember this is your hard earned money...not count on luck for gains as this is more like gambling..there are robots that have already incorporated a news avoidance algorithm like kangaroo ea that has (Proactive News Avoidance Algorithm (PNA). Also i would like also FGB to have a send mail option that uses mt4 to inform as by mail when it gets into trades so as not to monitor our screen all the time..

Regards
Nick

fxgrowthbot
Mar 06 2011 at 15:30
107 posts
Hi Guys,

We are going to push fourth to release the signal copier this week and do setups for it manually until we can get the members area ready. This will allow people to get the benefit of no restart issues. It will also include a person monioring the trades and closing them out early and such if need be to catch profits early, (a human trailing stop). And up to date software ,settings, etc. Held on our servers. Duplicated results.

This is a multi - purpose solution, it solves the restart issue until we can fix it as we are having problems with it, it's not because the robot cant identify its own trades, it's becasue it can't determine when to close the trade after a restart.

Star
Mar 06 2011 at 17:28
52 posts

Hi Fxgrowthbot,

Thanks for your reply.
I hope that you continue to work on fixing the actual ea as fast as possible.I personally hate signal copiers and I am sure a lot of people feel the same way.They just never work as well as the actual ea.

Thanks


fxgrowthbot posted:
    Hi Guys,

We are going to push fourth to release the signal copier this week and do setups for it manually until we can get the members area ready. This will allow people to get the benefit of no restart issues. It will also include a person monioring the trades and closing them out early and such if need be to catch profits early, (a human trailing stop). And up to date software ,settings, etc. Held on our servers. Duplicated results.

This is a multi - purpose solution, it solves the restart issue until we can fix it as we are having problems with it, it's not because the robot cant identify its own trades, it's becasue it can't determine when to close the trade after a restart.

howdanny
Mar 06 2011 at 17:34
5 posts
i just purchased this bot, later will start my 1st day of trading...

start with 49usd in micro account, so = 4900cent in usd.

lets see how much this bot could earn for me....

IcyHot
Mar 06 2011 at 19:10
7 posts
i agree with star. no interest whatsoever in signal providers. Would rather just a solid EA.

Star
Mar 06 2011 at 21:10
52 posts
And I agree with you also Icyhot,

Bringing out signal service does not make much sense to me.They will be spending a lot of hours getting it started,then there will be a lot of complaints from users that they will need to address.
This will become just a big frustrating waste of time.Instead they are better off spending all of their time fixing the ea.They may want to consult an outside programmer to help them solve this issue.
Every ea on the market does not have a problem with restart and I am sure another good programmer can help them solve it.



IcyHot posted:
    i agree with star. no interest whatsoever in signal providers. Would rather just a solid EA.

Hogdust
Mar 07 2011 at 14:30
26 posts
thank god i only have this running on demo accounts ... the past three weeks seem to be terrible ... i am running the basic program with the default settings. I am wondering if everyone is closing out the trades manually, because it seems to me at least lately that the EA buys at the top of a run and if you leave it, you run the risk of retracement (which almost always happens), and getting stopped out. Am I missing something? Do I need to upgrade or use different settings? I was really impressed with the comments on this EA, but now i'm not too sure.

Any input would be appreciated ... not too helpful over at FPA so I will try here.

Thanks.

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