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Forex Growth Bot

Gain : +2644.71%
Drawdown 94.46%
Pips: 8075.5
Trades 2881
Type: Real
Leverage: 1:200
Trading: Automated

Forex Growth Bot Discussion

Mar 15 2011 at 14:48
3 posts
hi sliffy,

all settings are default (except for lot size). It's running on a VPS so I'm not sure why its acting like this. I have restarted twice now and left it for a week after each.

Got it running again today, made two sell trades, both losses, but at least it closed it down in time!

Mar 16 2011 at 06:53
61 posts
I went live with FGB on Monday and didn't have any trades until today. I had one entry at 1.3875 which was stopped out at 1.3995 and another entry at 1.3870 which did not close even though it did go 150 pips down at one point. I am using 5/64/1.9 setting on Alpari UK on a VPS. MT4 has not been restarted since the trades were opened but it does sound like it has lost control of the trades.

I contacted support about the problem of FGB losing control of my trade today on Alpari UK and this was their response:

'Our EA does not work very well with Alpari broker, we recommend'

That was it. No other explanation as to why it doesn't work very well. Surely it can't be the case that the only broker that works with FGB is thinkforex, I didn't see that in the instruction manual!

I am not very impressed with their response to say the least!

I wanted to post this here to warn people to be careful when using this EA.

Edgar Mora (emora70)
Mar 16 2011 at 07:35
31 posts
Thanks for the advice DMFXTrader.
The support guy form FGB posted it on a previous post.
This Disussion board is full of good advices and tricks related to this EA. It is a little tricky but profitable. I use it on my IBFX AU accounts and really works! (my last VPS didn't work! :( )
Read since the first post until the last and you will learn a lot of how to make it work.
Happy Trading!

fxgrowthbot posted:
    Next update will have version number and such. We are planning to show information chart. We don't recommend Alpari UK.

Mar 16 2011 at 08:03
61 posts
Thanks for the advice Edgar. I guess a big improvement to FGB would be to display which trades it is currently tracking visually on the chart. This may give a little more reassurance that it knows about all of the trades that it should do!

As it happens I am currently opening an account with ThinkForex as it does seem better than Alpari and has an ecn feed. I am still not happy with the lack of explanation why trades are mislaid by FGB though!

Mar 16 2011 at 08:14
61 posts

Succe55 posted:
kishorejoga posted:
    r there anyon eusing FGB on alpari UK real account ,please let me know

Hi Kishore

I have a live account on Alpari uk:

Happy trading :)

From looking at the historic trades on Grahams live Alpari account it looks like FGB has also lost control of one of his trades judging by the 145 pip loser!

Mr T (tola)
Mar 16 2011 at 10:20
13 posts
I have had problems with closing trades, the EA does not even try (as seen on Expert and Journal tab in Mt4). I have run it on Alpari UK account, but now it's shut down after missing closing of too many trades.
I will now switch to thinkforex as recommended by Eugene.

Marko Cvetkov (trew)
Mar 16 2011 at 10:34
39 posts
What kind of EA is this if running somehow ok at 1 broker only?
It's just a question of time when conditions at this 'only' broker will change too... against FGB EA...

Mar 16 2011 at 10:50
21 posts
Not only, it is a recommend from fgb. Then they use thinkforex.
I use active trades and iamfx and i have no problems.

I think on the most broker the problem is the Re-Quotes, It's just a thought.

Mar 16 2011 at 12:11
61 posts

Alento posted:
    Not only, it is a recommend from fgb. Then they use thinkforex.
I use active trades and iamfx and i have no problems.

I think on the most broker the problem is the Re-Quotes, It's just a thought.

I think you are probably right about the requotes as thinkforex won't requote at all (I don't think!) as they are an ecn broker. However, FGB should be able to handle a requote and submit the close command again I would have thought!

Mar 16 2011 at 12:35
142 posts
It's a poorly coded ea. That is the issue plain and simple. The order execution part is a mess. They have loops that will cause stuff to never get executed properly. That is why many are having issues with orders not being closed.

The developers need to write better order execution code that will work on all brokers reliably and not just theirs. If they don't know how to they should just copy from one of many other ea's that don't have this problem.

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