Forex Growth Bot Discussion

the smart exit its closing the trade, just if the profits are over 40%... for me now it is on minus... i hope, that the EUR/USD its going down... in weekend.. that it is posible if you see the news.... 😄 they are publ. the CPI for the eu zone on monday morning.. if the CPI will be in lower level then the pron, then we are gaiming some pips.. if no.... ....... the first time, that i'm keeping open trades for the weekend.. its a rule...to always close bef the weekend.. dont trade on friday!;) .... 🙄

Here is how this stacks up with me. I buy this bot based on the performance and trade history shown here, only to find out that an upgrade to the Power version will cost $70. No worries I am told, the basic version is the same bot with fewer user inputs. No big deal, i dont need the Power version, right? Except, to make the thing take profits correctly, one setting needs to be changed, but that one is ONLY available in the power version. Even then, considering an upgrade, I find that the development is buggy and the vendor is closing trades manually, so I need to sit in front of my computer for hours so I can do the same? No worries, they are happy to sell me a signals service for $50 a month so my account can mirror theirs. My gut tells me this is somewhere between shady and outright Bait and Switch. Even if the signals service produced results, I am not sure I want to be doing business with this sort of operation. This all makes me seriously think of setting up my own page and bot combination on here and running my OWN signals service........

cunod posted:
    

stevek11 posted:
    last three trades for copier
2011.05.13 sell 1.41393 closed @ 1.40996 +39.7 pips
2011.05.13 sell 1.40870 closed @ 1.40996 -12.6 pips
2011.05.13 sell 1.40938 closed @ 1.41004 -6.6 pips

How did they closed still showing open on the myfxbook and same on my mt, or are you referring to the market closing

another manually closed???

Instead of comparing trades why dont you all look at the monthly statement, i can understand there are some problems that we are facing (but the support are working and they got tons of emails and they have to reply some time it took time to get the reply but they do reply) but im very comfortable with the bot performance, if even you calculate the fxbook bot statement for this month still its in plus 150$ im talking about the close positions. and if you want quick reply then join their platform where ppl getting answer to their questions.

Wish you all good luck for your trades.

aryaforex posted:
    

cunod posted:
    

stevek11 posted:
    last three trades for copier
2011.05.13 sell 1.41393 closed @ 1.40996 +39.7 pips
2011.05.13 sell 1.40870 closed @ 1.40996 -12.6 pips
2011.05.13 sell 1.40938 closed @ 1.41004 -6.6 pips

How did they closed still showing open on the myfxbook and same on my mt, or are you referring to the market closing

another manually closed???

The team closed them before the weekend started, I use the trade copier, last friday they left two trades open over the weekend and it didnt go well so i think they have learnt their lesson and closed yesterdays before the market closed.

Now, let us be clear about what is clear:
1) the basic algorithm of the bot is not perfect, but its acceptable.
2) the market right now for the EU is terrible high in volatility, the algorithms of the bot arent made for it!
3) the vendor are definitely closing the trades MANUALLY, NO doubt about that!!!!
4) two things to do now: a) close the bot for now! b) sign up for the signal service!

I choose b BUT under protest, Im not satisfied with the vendor right now! There is no perfect bot, but thats not the case. The thing that makes me really irritating is that the vendor isnt honest about what is happening!! I get lies when I ask questions! Thats really sad, because thats him telling me that Im stupid. And maybe I am, not turning this bot off forever, but I will give the service one month.

This is NO perfect bot, but there is NO perfect bot for every market condition!!!! FGB- just be honest and say that! You would be much more trustworthy if you did!!

/Swedoc

swedoc posted:
    Now, let us be clear about what is clear:
1) the basic algorithm of the bot is not perfect, but its acceptable.
2) the market right now for the EU is terrible high in volatility, the algorithms of the bot arent made for it!
3) the vendor are definitely closing the trades MANUALLY, NO doubt about that!!!!
4) two things to do now: a) close the bot for now! b) sign up for the signal service!

I choose b BUT under protest, Im not satisfied with the vendor right now! There is no perfect bot, but thats not the case. The thing that makes me really irritating is that the vendor isnt honest about what is happening!! I get lies when I ask questions! Thats really sad, because thats him telling me that Im stupid. And maybe I am, not turning this bot off forever, but I will give the service one month.

This is NO perfect bot, but there is NO perfect bot for every market condition!!!! FGB- just be honest and say that! You would be much more trustworthy if you did!!

/Swedoc

I agree with you, that no bot is perfect, like human traders. Everything is a question of probabilities ...... in forex trading ..... as well as poker for example. The challenge for a bot is to filter out opportunities which have bigger chances to win as to loose. And that is what FGB try do do, it try to detect reliable breakouts. And such breakout-systems needs volatility and FGB has good capabilities to detect them. But ....... to measure the strength of the breakout and to detect the loss of strength is quite poor in FGB, that means the exits are often too late. And this has for my opinion nothing to do with the market conditions, it is only the ability of a bot to cut losses as early as possible. Or in other words: if the probability to make more money decreases seriously during a trade the bot should close the trade .... like in poker......the bet is over.
But FGB has a high potential to make money with good settings and additional take profit strategies. Why I say this?..... Because you can test it on different curriencies with different settings...... and there is one common result: the detection of breakouts is always very reliable..... add a good take profit strategy..... to the features of FGB...... and you will make money on a reliable basis.

diepienaars posted:
    So who is making money with this Bot? Since the 23rd of Feb I have had 93 trades taken by the Bot and I have made... WAIT FOR IT - 12.8pips profit WHOOHOO! Maybe my settings are wrong, but my trades are almost exactly that of FGB on MYFXBOOK.

From the 24.04.2011 :
35 trades +925.9 pips

Real@Alpari UK
1:500

djalex09 posted:
    

diepienaars posted:
    So who is making money with this Bot? Since the 23rd of Feb I have had 93 trades taken by the Bot and I have made... WAIT FOR IT - 12.8pips profit WHOOHOO! Maybe my settings are wrong, but my trades are almost exactly that of FGB on MYFXBOOK.

From the 24.04.2011 :
35 trades +925.9 pips

Real@Alpari UK
1:500

Not without manual interventions or stop system:
my Alpari UK Real 1:500 ..............no intervention........ pure FGB ...... 34 Trades :+ 399.5 pips ........ that is definitely the truth

djalex09 posted:
    

diepienaars posted:
    So who is making money with this Bot? Since the 23rd of Feb I have had 93 trades taken by the Bot and I have made... WAIT FOR IT - 12.8pips profit WHOOHOO! Maybe my settings are wrong, but my trades are almost exactly that of FGB on MYFXBOOK.

From the 24.04.2011 :
35 trades +925.9 pips

Real@Alpari UK
1:500

me, from 6 Apr 2011 (real @ exness floating leverage 1:200 - 1:1000), 48 trades.+709.7 pips (+23 pips due to manual closed). nice, u've got over 900pips although you started after me.

aryaforex posted:
    

djalex09 posted:
    

diepienaars posted:
    So who is making money with this Bot? Since the 23rd of Feb I have had 93 trades taken by the Bot and I have made... WAIT FOR IT - 12.8pips profit WHOOHOO! Maybe my settings are wrong, but my trades are almost exactly that of FGB on MYFXBOOK.

From the 24.04.2011 :
35 trades +925.9 pips

Real@Alpari UK
1:500

me, from 6 Apr 2011 (real @ exness floating leverage 1:200 - 1:1000), 48 trades.+709.7 pips (+23 pips due to manual closed). nice, u've got over 900pips although you started after me.

that's what I Say: 709 pips from 6 April ....... and my 399 pips from24 April .....that's the truth

swedoc posted:
    Now, let us be clear about what is clear:
1) the basic algorithm of the bot is not perfect, but its acceptable.
2) the market right now for the EU is terrible high in volatility, the algorithms of the bot arent made for it!
3) the vendor are definitely closing the trades MANUALLY, NO doubt about that!!!!
4) two things to do now: a) close the bot for now! b) sign up for the signal service!

I choose b BUT under protest, Im not satisfied with the vendor right now! There is no perfect bot, but thats not the case. The thing that makes me really irritating is that the vendor isnt honest about what is happening!! I get lies when I ask questions! Thats really sad, because thats him telling me that Im stupid. And maybe I am, not turning this bot off forever, but I will give the service one month.

This is NO perfect bot, but there is NO perfect bot for every market condition!!!! FGB- just be honest and say that! You would be much more trustworthy if you did!!

/Swedoc

I agree, i had the bot off for the moment. I think the vendor would offer the signal for free o discount to owners of the bot for a period until the dust is settle

Pakfx posted:
    Instead of comparing trades why dont you all look at the monthly statement, i can understand there are some problems that we are facing (but the support are working and they got tons of emails and they have to reply some time it took time to get the reply but they do reply) but im very comfortable with the bot performance, if even you calculate the fxbook bot statement for this month still its in plus 150$ im talking about the close positions. and if you want quick reply then join their platform where ppl getting answer to their questions.

Wish you all good luck for your trades.

Pakfx is right, Screaming on here is not going to help anything. I probably should send an email myself however why add to the email chaos that is going on on there side. Though I do wish they would respond on here though at least once. They used to be so good at that.

So perhaps we should find a solution, where we help each other. e.g in finding a way to communicate with other Bot Users, to get out of trades, before they get into the wrong direction.

For Example: Mailing List
A Trade is started by the FGB; some Users have the time and watch the trade(s). They see, that there is a support/resistance level... So this level is hit and the users write an Mail to his list, that he has closed the trade because of an support/resistance level

Or FGB starts an Trade; some Users have the time to watch at their chart. They see, that there is an support/resistance level 60 Pips away from now. They send an Mail, where this level of support/resistance is told to the other users

That means, there are Users, which have time to watch some of the trades. And they could make an Technical Analysis of the chart and share it with others.

The Mail solution is the most wide spread to communicate and has relativ good push possibilities with most smartphones...
Another better, faster and easier solution would be the BlackBerry Messenger, but this requires BlackBerry Smartphones :)

Dungl posted:
    So perhaps we should find a solution, where we help each other. e.g in finding a way to communicate with other Bot Users, to get out of trades, before they get into the wrong direction.

For Example: Mailing List
A Trade is started by the FGB; some Users have the time and watch the trade(s). They see, that there is a support/resistance level... So this level is hit and the users write an Mail to his list, that he has closed the trade because of an support/resistance level

Or FGB starts an Trade; some Users have the time to watch at their chart. They see, that there is an support/resistance level 60 Pips away from now. They send an Mail, where this level of support/resistance is told to the other users

That means, there are Users, which have time to watch some of the trades. And they could make an Technical Analysis of the chart and share it with others.

The Mail solution is the most wide spread to communicate and has relativ good push possibilities with most smartphones...
Another better, faster and easier solution would be the BlackBerry Messenger, but this requires BlackBerry Smartphones :)

I like the idea, have no idea how to implement it though especially when some of us would be asleep, though if secondary ea was developed to take care of closing it that would be better. For example a if a majority of us close a order marked with a specific magic number the ea would close trade. But have no idea of how to work out the calculations without a list or a central point to base everything off of.

Hello all,
  seeing your comments, it seems that FGB robot really works!
I'm looking (from a long time) for a serious robot that could help me investing in Forex market and maybe it is.
I've tried many MT4 EAs, but with very poor performances, so I'm a little bit skeptical.
So could you please tell me wich is the real performance of this robot?
Those of you who have tried this robot for at least one month, could you please tell me what income (in pips or %) has it produced?
Thank you very much.
Kind regards to all :-)

Hi..
I joined FGB EA Basic starting 25-Apr-2011 with some manual closed+Kenny's trailing produced 194 pips.
In other account I have FGB Signal starting 9-May-2011 with some manual closed+Kenny's trailing iproduced -100 pips.

Please be aware that my trade outcome could be different with other's here.

So far I am happy with FGB but I am thinking to stop the FGB Signal subscription and go along with FGB EA Basic.

In an email from FGB support I read

'NOT use assign tp and sl = true, please set it to false it will decrease performance.'

Mi question is:
Supposing the broker is an ecn honest broker, why should assign tp and sl = true decrease the performance?

Another question about internal control

 I don't understand what does internal control means. I did read the manual but don't understand. Could you make me an example? What's the difference to set it true o false?

dariomar79 posted:
    Hello all,
  seeing your comments, it seems that FGB robot really works!
I'm looking (from a long time) for a serious robot that could help me investing in Forex market and maybe it is.
I've tried many MT4 EAs, but with very poor performances, so I'm a little bit skeptical.
So could you please tell me wich is the real performance of this robot?
Those of you who have tried this robot for at least one month, could you please tell me what income (in pips or %) has it produced?
Thank you very much.
Kind regards to all :-)

bro, please read first yoo... previous e-mails has already answering your questions.