Forex Growth Bot Discussion

still one of the best,proof is there

yes, it can be profitable strategy but as any trend following system, it will suffer with a lot of false breakouts.
We need a supplement strategy to trade range bound and choppy markets.

You can try the Grid Strategy, like Gridmeup or ForexGrid. They trade choppy markets.

iamfxfapturbo posted:
You can try the Grid Strategy, like Gridmeup or ForexGrid. They trade choppy markets.

sure but when growthbot wins those EAs will lose too so what's the catch 😁

primevalea posted:

iamfxfapturbo posted:
You can try the Grid Strategy, like Gridmeup or ForexGrid. They trade choppy markets.

sure but when growthbot wins those EAs will lose too so what's the catch 😁

The catch is trade small and accept the losses... If you can handle it, stop trading.

Correction: If you can't handle it, stop trading. 😁

oh the Humanity! :o) 25% Drawdown, near alltime highs, it's in Freefall..... it will recover but how much can you take before you pull the plug?

Take a look at your charts, at last year's summer period. Was it choppy? Now take a look at the profit curve of FGB for the same period. Did it have a very rough time? Now take a look in the mirror and say 'I should have learnt the lesson that holidays are not appropriate for FGB!' Shut it down, go swimming, have a nice 2 month long vacation then come back for FGB.

Good luck.

Ah the old 'Sell in May and go away' maxim.

I generally find that when I'm being influenced by a sentence that rhymes it's a good time to get the calculator out and do some statistical analysis.

Now unfortunately I'm in the middle of developing an EA at the moment so my MT4 is tied up and my FGB data only goes up to 2011 but here's what I find by calculating the average of the percentage return of the FGB backtest from 1999-2011.


Jan 1.51
Feb 0.31
March 1.18
April 0.40
May 1.38
June 1.40
July 2.22
August 1.50
September 0.84
October 0.24
November -0.45
December 1.67

As you can see June, July and August all average out as profitable months. July is actually the most profitable month of all with August coming fifth and June coming sixth.

So, by all means, go swimming but my advice would be leave FGB running. It is nail biting stuff though isn't it? :)

I think as long as it isn't violating it's equity curve too bad then it's not time to panic.

I totally agree Steve, if you look at the vendor's account, it made a killing in June and July last year, around 36% gain, I made a killing then with this bot too.. steve is right with his stats, my backtests show the same.. leave it running, but feel the pain! Love the Pain :o)

You're both right. It really made a killing this June and July also... One should never take in consideration a backtest for projecting the future.

Not a lot else to go on really though is there.
I tried running future tests in MT4 and it just keeps crashing saying 'Data not found'
 😁

Too bad, it happened to me too.😄

Too much losses. The developer should be release a new version that detect when the market is not suitable in order to turn off the bot awaiting of better conditions.

i got 4 trades on the 19th which i do nto see ont he FGB account.. any one else experinced it.. i have same trades 100% otherwise.. i am using thinkforex

betowm posted:
Too much losses. The developer should be release a new version that detect when the market is not suitable in order to turn off the bot awaiting of better conditions.

Okay let's examine some facts.
1) The EA backtests well using tick data over the whole of the available tick data for Eur/Usd
2) The EA backtests well using 1 minute data over the whole of the available data from Metaquotes for EurUsd
3) The EA worked for 20 months on forward live trading

If the markets have changed in some way that now means this EA is not valid, how is the EA developer supposed to write that into his EA? He is working with exactly the same information that we have access to and that he promotes the EA on.

If you want to use the EA differently then by all means optimise it for recent conditions but I can guarantee you that those set of parameters will look poor compared to the settings out of the box.

with you 100% Steve ,for the more observer ones ,just look at the equity curve,if you are seeing that it is most likely that a good win row will happen again in the near future,you are seeing very well,we must understand that the ea needs losses before winning big,pretty easy to understand isn't it 😝

Is anyone seeing better results these days with the Power Source edition?