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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

rayong1 (rayong1)
Jan 01 2011 at 22:30
126 posts
Yes I was running backtest with Thinkforex, from within his live account with investor pw.

I think he's up 400% cos he had a very lucky run at the beginning making a couple of hundred percent.

If you were running this ongoing from beginning of year for instance on Nov 8th when he started you might be in a open trade going the other way. The EA will continue to pile on the losing positions until the reversal occurs by which time you'll be really hurting. Whereas if you had started trading on nov 8th you could be very profitable.

pipsquick1957 (pipsquick1957)
Jan 02 2011 at 02:22
172 posts
Raymond, you should be getting the exact same results if you are logging into his account, but you have to run the exact same dates and lot size. So unless I am missing something here, this is really screwed up.

 Even on a demo account it should be pretty damn close, so trying to figure out if this is a scam or not?/

rayong1 (rayong1)
Jan 02 2011 at 09:56
126 posts
Actually my backtest is very similar to forexreviewsrated, see:

https://www.forexreviewsrated.com/2010/forex-growth-bot/comment-page-1/#comment-1312

It is a profitable EA don't get that wrong. Just not as profitable as it looks here. But maybe it is. In live trading it could very well perform better than the backtest.

I just started demo testing myself so jury still out.

MPierson
Jan 02 2011 at 14:27
30 posts
Thanks for the backtesting. I agree that the 'jury is still out'. The bot took its first 4 trades for me early on Friday. 4 trades, all were losers for total loss of about 100 pips. In fairness it was a choppy market but not off to a good start.

Will demo test another week and should have a better idea of performance.

rayong1 (rayong1)
Jan 02 2011 at 15:48
126 posts
I just started on friday as well, had 3 trades, 2 losers totaling 50 pips and 1 winner for 39 pips. Net loss was about 10 pips. Not too bad.

rayong1 (rayong1)
Jan 02 2011 at 16:06
126 posts
Is anyone using this on FX Pro? Their min lot size is 0.1 lots so to be safe you'll need to have at least 2k or more capital to start.

OneMillion
Jan 02 2011 at 17:17
2 posts

sliffy posted:
    fxgrowthbot,

live result shows ~400% equity growth from 02. November... how could the backtest only 170% for the whole year?



With back testing it is not 100% accurate. You do not get all the ticks in a back test. Also Forex is not centralized.

cutedoctor (cutedoctor)
Jan 02 2011 at 20:56
48 posts
I will keep testing on Live account for another 2 to 3 weeks before coming to a conclusion !

BusinessGuy09 (BusinessGuy09)
Jan 03 2011 at 00:04
23 posts
OK two things...correct me if i'm wrong...but when has backtesting ever matched live testing??? Whether the results were good or bad? When? Backtesting is for optimizing your system or EA, not to see how much the system will profit next week.... And another thing if you follow the money management plan that they recommend there shouldn't be any problems, b/c i got the same losses and my account didn't suffer one bit....*Sighs*... Ok, i'm done :)

caseyjw (caseyjw)
Jan 03 2011 at 00:47
3 posts
Nobody should have been trading between christmas and new years, lol. common sense

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