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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

Pakfx
Jun 03 2011 at 03:44
286 posts

daily_martingle posted:
    there is no need to hedge ur trade. i dont know why FGB developers are not clever enough. look at this link i am using FGB too. but the result is so much better. becouse i am using it in a difffrent way.
https://www.myfxbook.com/portfolio/way-to-win/110327
in fact i am using another EA's on this account too. but the result on EURUSD in belong to FGB.68% won on this pair.
after every trade i am deleting the SL. and if the market was in profit i will use trailing stop 20 or 25.
but when the market goes in the opposite way i use manual martingle system , at least 100 pip step.
in this way i will never get cought.
its good to some EA use martingle system to avoid losses.



<b>but when the market goes in the opposite way i use manual martingle system , at least 100 pip step.<\/b>
Can you write this in detail ?
so every other can use FGB in more better way..
thanks

arya
forex_trader_[12567]
Jun 03 2011 at 04:27
276 posts

daily_martingle posted:
    there is no need to hedge ur trade. i dont know why FGB developers are not clever enough. look at this link i am using FGB too. but the result is so much better. becouse i am using it in a difffrent way.
https://www.myfxbook.com/portfolio/way-to-win/110327
in fact i am using another EA's on this account too. but the result on EURUSD in belong to FGB.68% won on this pair.
after every trade i am deleting the SL. and if the market was in profit i will use trailing stop 20 or 25.
but when the market goes in the opposite way i use manual martingle system , at least 100 pip step.
in this way i will never get cought.
its good to some EA use martingle system to avoid losses.



hmm.. nice strategy, good for you who still able do manual dude. may be i should take a time for that. is there anyone know how to make any e-mail or alert to e-mail after FGB open the trade? so, i can monitor it better, and try this strategy.

Adolf
daily_martingle
Jun 03 2011 at 05:07
239 posts

Pakfx posted:
    
daily_martingle posted:
    there is no need to hedge ur trade. i dont know why FGB developers are not clever enough. look at this link i am using FGB too. but the result is so much better. becouse i am using it in a difffrent way.
https://www.myfxbook.com/portfolio/way-to-win/110327
in fact i am using another EA's on this account too. but the result on EURUSD in belong to FGB.68% won on this pair.
after every trade i am deleting the SL. and if the market was in profit i will use trailing stop 20 or 25.
but when the market goes in the opposite way i use manual martingle system , at least 100 pip step.
in this way i will never get cought.
its good to some EA use martingle system to avoid losses.



<b>but when the market goes in the opposite way i use manual martingle system , at least 100 pip step.<\/b>
Can you write this in detail ?
so every other can use FGB in more better way..
thanks



its so simple. for example: FGB opened sell position on 26.05.2011 15:00 , at price 1.4099. at firs we shoul turn on the assige pt and Sl in FGB setting. in this way we can see the take profit and stop loss price. i am deleting the stop loss and if the trade opened on 0.01 lot i put a sell limit order 100 pips above the FGB order with 0.02 lots (1.4199) . after that i will modify the TP.
in this case we need at least 300 $ main deposit. in martingle systems we cant use large Lot. but we always have profit.
take a look and monitor this martingle system. u will undrestand waht am i trying to say.
https://www.myfxbook.com/portfolio/wallstreet-forex-robot/117841

memforex (memforex)
Jun 03 2011 at 12:52
119 posts

daily_martingle posted:
    
Pakfx posted:
    
daily_martingle posted:
    there is no need to hedge ur trade. i dont know why FGB developers are not clever enough. look at this link i am using FGB too. but the result is so much better. becouse i am using it in a difffrent way.
https://www.myfxbook.com/portfolio/way-to-win/110327
in fact i am using another EA's on this account too. but the result on EURUSD in belong to FGB.68% won on this pair.
after every trade i am deleting the SL. and if the market was in profit i will use trailing stop 20 or 25.
but when the market goes in the opposite way i use manual martingle system , at least 100 pip step.
in this way i will never get cought.
its good to some EA use martingle system to avoid losses.



<b>but when the market goes in the opposite way i use manual martingle system , at least 100 pip step.<\/b>
Can you write this in detail ?
so every other can use FGB in more better way..
thanks



its so simple. for example: FGB opened sell position on 26.05.2011 15:00 , at price 1.4099. at firs we shoul turn on the assige pt and Sl in FGB setting. in this way we can see the take profit and stop loss price. i am deleting the stop loss and if the trade opened on 0.01 lot i put a sell limit order 100 pips above the FGB order with 0.02 lots (1.4199) . after that i will modify the TP.
in this case we need at least 300 $ main deposit. in martingle systems we cant use large Lot. but we always have profit.
take a look and monitor this martingle system. u will undrestand waht am i trying to say.
https://www.myfxbook.com/portfolio/wallstreet-forex-robot/117841


Martingale system is too dangerous.

I think use a martingale strategy together with stop loss could be a middleway less dangerous solution.

For example kangaroo ea use something similar:
cover bad positions with martingale (max 6 and fixedsize (not increased lost size)) and always set a stop loss limit like 20% of account for each group of positions. So in the worst badly situation you don't burst your account but have just a 20% loss.
Something like this would need to be implemented and tested.

Adolf
daily_martingle
Jun 03 2011 at 17:00
239 posts

prototipo posted:
    
daily_martingle posted:
    
Pakfx posted:
    
daily_martingle posted:
  

Martingale system is too dangerous.

I think use a martingale strategy together with stop loss could be a middleway less dangerous solution.

For example kangaroo ea use something similar:
cover bad positions with martingale (max 6 and fixedsize (not increased lost size)) and always set a stop loss limit like 20% of account for each group of positions. So in the worst badly situation you don't burst your account but have just a 20% loss.
Something like this would need to be implemented and tested.

yes u r right. it is danger but i dont have enough time to calculate
if the trader uses safe lots for every trade it will be safe.
FGB always trades in the correct direction of the trend. the problem is low SL, 30 or 40 pips. thats why it losses lots of trades.
the developers must work more on this problem, if they do this EA would be the best in the world

memforex (memforex)
Jun 03 2011 at 17:11
119 posts
Pakfx
Jun 03 2011 at 17:15
286 posts

daily_martingle posted:
    
prototipo posted:
    
daily_martingle posted:
    
Pakfx posted:
    
daily_martingle posted:
  

Martingale system is too dangerous.

I think use a martingale strategy together with stop loss could be a middleway less dangerous solution.

For example kangaroo ea use something similar:
cover bad positions with martingale (max 6 and fixedsize (not increased lost size)) and always set a stop loss limit like 20% of account for each group of positions. So in the worst badly situation you don't burst your account but have just a 20% loss.
Something like this would need to be implemented and tested.

yes u r right. it is danger but i dont have enough time to calculate
if the trader uses safe lots for every trade it will be safe.
FGB always trades in the correct direction of the trend. the problem is low SL, 30 or 40 pips. thats why it losses lots of trades.
the developers must work more on this problem, if they do this EA would be the best in the world


yes your right till then its better to have n eye on every trade. and use proper sl tp and trailling stop setting.. one have to test the best tp sl and trail stop for FGB if we find any thing good the will make it the best.
any way its correct it opens all the order in correct direction.. if we the EA simply put the sl in entry position that can also prevent loss. or we can try it with other EA ..

I will try to contact any programer that can make this i hope this will help preventing the loss.

memforex (memforex)
Jun 03 2011 at 17:20
119 posts
I backtested the FGB EA from 2004 to now. The result is about 9000% gain.

The backtest confirm the drawdown of may (it means that backtest match with live and it's realiable)

My opinion is that FGB is programmed on the medium trend power history data, and now the power of each trend is quite lower than the history. I think soon the EurUsd will get to normal behaviour and EA will start profit again.

My advice to everybody is to use a good money management, accept this drawdown and wait EA start profit again (it will) without change strategy. The backtest says that the strategy is already the best strategy.

The main difference between a good trader and a loser one is that a good trader use proper money management, accept the drawdown and trust in the good strategy waiting profit. The loser everytime meet a drawdown doesn't accept the pain, think the strategy's not working and change it or throw it away after a few days.
My advice is:

WAIT
BE PATIENT
ACCEPT THE PAIN OF THE DRAWDOWN
EVERYTIME YOU FEEL A PAIN DUE TO THE DRAWDOWN, OPEN THE STRATEGY TESTER AND ENJOY WITH IT

sonny
Jun 03 2011 at 18:51
13 posts
no trades today ?

memforex (memforex)
Jun 03 2011 at 18:57
119 posts
250 pips profit on my account

I closed the positions manually, they were alreasdy near to the profit, I thought it didn't worth to risk the overweek for 50 more pips

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