Forex Growth Bot Discussion

It's all hype! If you buy the robot and put up for auction then half trade will not appear! It will not work because the author of EA! Even if you use exactly the same broker.
Proven!
EA is losing money.
And the author shows boorish attitude and does not respond to the letter.
Just got my money and everything.
In addition, the author comes from Russia! It says a lot.
Den_Nike

I was trading FGB for months and always had same trades like the reference account, same broker. Later used their trade copier and traded with another broker. Also worked well. To weather rough patches this EA generate you need to be modest with leverage. Position sizing recommended in the manual makes sense but could be even less. But of course people want to invest 100 bucks and turn in to 10k in 1 month. This won't work. Nothing will.

Guys! There can be a big difference in the performance between different brokers with almost any EA, FGB is certainly included. The things you have already mentioned can surely have an effect, but in the case of FGB the PRICE FEED can have a BIG impact on performance. This bot may take trades on another broker that it doesn't here, and vice versa. I suggest going for Alpari UK, since that's the broker the developer of FGB seems to prefer. Probably for a reason...

Jud

How about if theres an EA that works the same on any broker regardless of execution times and spread?
Im looking to revolutionise the EA marketplace with mine......

-Trades like a person, NOT a robot.
-No eating away at leverage
-Max 1% risk per DAY on a pair, NOT per trade (Lowest risk EA in existence?)
- High probability, Low Risk, Consistent trading strategy
- Can be trade manually
- NO management needed at all if the EA is used - auto closes un-triggered trades at the end of each London close.
-IMPOSSIBLE to blow an account suddenly (the chief point that makes this beat every other EA out there.... )
- No trading at random points
- You know what it will do before it happens.
- Execution times make NO difference to this EA
- Spreads make no difference to this EA
- No small TPs - Wins are 30 pips
- NO large DRAWDOWNS!!!!!!!!

Please feel free to follow its performance ready for its Q3 release:

https://www.myfxbook.com/members/BenjaminNathan/theforexsniper-beta-ea-developed-trade/225165

It will be interesting to follow your bot Ben:-)

Just keep in mind that a robot is just that, 'a robot'. It will always trade like a robot, NOT a person! Sure, a person could theoretically trade 'like a robot'(following an algorithm), but a robot can never make discretionary decisions like a human can. Execution times and spreads will ALWAYS have an effect. The more long-term your trades the less it will of course. 30 pips would be considered a small TP by 99% of professional traders (those that make a living trading Forex, or any other instruments. usually hold positions for days and weeks, not hours). Most important thing to keep in mind though; it's NEVER impossible to blow an account suddenly. You NEVER know for sure what will happen. Someone might blow up your broker's infastructure for all you know... China could nuke the US etc etc... It's hard to make predictions, especially about the future;-)

Good luck!

Jud.

Thanks Jud.

Well the idea behind this is there are no algorithms, just a solid high probability strategy that is traded consistently.
Obviously I cant give too much away though ;)

I guess the main factor for this will be using a broker that executives actual orders well.

Thanks for the comments :)

Suppose that at least one person give link to the site myfxbook.com your test this EA!
And if they converge into a single one that I believe can be and I will look for a mistake in itself.
But I am sure that this is fraud! Why my transactions do not agree? I bought a license and set to the same broker! And finally, why is not working tech support?
Denis Nike

   stevetrade posted:
   Is anyone on here running this EA successfully on a broker other than Think Forex?

i have tried 8 different brokers but could not match the result they have here.. now i gave up and gone for the coppier.. ... and yes if thinkforex gives the same results i wil llike to start that oo anyone has exact results from think forex and myfx account.. . ??????????

why isnt there Stop loss?

There is a stop loss, it is programmed in the robot's engine. Its value is given by 20% of the volatility base measured for the last 50 15m's bars. The 20% and the number of bars can be customized in the advanced version.

Hi, I have bought this EA end of last week and are looking at it closely. The trades are precise at the same time entry and ex-set.
Altou there are a small pip diverseness as I'm with AlpariNZ.
As if been trading FX for more than 4 years there are a lot of systems with false promises. This system have live results. One of the biggest problems with EA's are there huge SL and small TP combined with bad MM. This system keep the the SL small and let the PROFIT run! That is one of the main reasons this system is making profit. Don't over leverieg this system and keep the lot size with-in limits and this system will make profit without blowing your account! As I have this system only running for a short time I will comment again and then only rate the system!! 😇😎

I am running on Alpari UK and the EA is hitting almost exactly as this myfxbook page is reporting.

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   binder posted:
   ?

@binder. There are so many quotes on so many websites that indicate this EA does not produce the same trade results as are fond on this post and account. I just wanted to be a voice to say that the results are very similar to my own results using am alpari uk demo. Not very complicated of an answer. I am just a humble investor new to this EA investigation. I have read thousand of posts here, Forex Peace Army, Baby Pips, Donna Forex. there are many naysayers and some indicating support of this EA. I just wanted to post that I bought the EA and it is producing the same results that is shows here. So it is not a scam.

No it's definitely not a scam:) You gotta remember that 95% of traders lose money. So the LARGE majority of people are simply wrong. One of the reasons so many people lose money with EA's is that they don't realize the subtle technical stuff that makes all the difference. One of those things is the difference between broker's, which can have a huge effect, as in this case...

afwilcox :


I agree with you in most of comment. Just please be aware that Alpari UK demo feed is not the same as real accounts based in standard or micro MT4. For their demo feed they use the same feed as for PRO accounts, which is much more tight in spreads when compared with standard or micro accounts. For instance you can get a 0.8 pip spread in EUR/USD which you will never get in standard or micro accounts (at those account you get maybe 1.6 pip, so the real spread you will get is the double that you see at demo). Ive abandoned Alpari UK demos because of this. Its a good sales strategy for them, but lousy tool for investors to test strategies.

I'm not disagreeing with your base view, just saying that Alpari UK demo does not sustain your view.

250us --> 5k is amazing! 😁😁
i have one run on fxprimus and still got the same result. very good!

   megashop posted:
   250us --> 5k is amazing! 😁😁
i have one run on fxprimus and still got the same result. very good!

Do you subscribe the virtual private servers (VPS) to host your mt4 trading?

   WinnerTakeItAll posted:
   Hi, I have bought this EA end of last week and are looking at it closely. The trades are precise at the same time entry and ex-set.
Altou there are a small pip diverseness as I'm with AlpariNZ.
As if been trading FX for more than 4 years there are a lot of systems with false promises. This system have live results. One of the biggest problems with EA's are there huge SL and small TP combined with bad MM. This system keep the the SL small and let the PROFIT run! That is one of the main reasons this system is making profit. Don't over leverieg this system and keep the lot size with-in limits and this system will make profit without blowing your account! As I have this system only running for a short time I will comment again and then only rate the system!! 😇😎

are you runign on live or Demo with alphair nz.
i have tried many brokers including Thinkforex and hotforex andi stil cant ge tthe same results.. any help is much appericated.