Forex Growth Bot
| Gain : | +2644.71% |
| Drawdown | 94.46% |
| Pips: | 8075.5 |
| Trades | 2881 |
| Won: |
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| Lost: |
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| Type: | Real |
| Leverage: | 1:200 |
| Trading: | Automated |
Forex Growth Bot Discussion
forex_trader_72918
Member Since Apr 09, 2012
121 posts
Jun 10, 2013 at 10:05
TheFX4You posted:looks like die
It's not profitable at all.
Member Since Aug 19, 2012
34 posts
Jun 11, 2013 at 09:51
(edited Jun 11, 2013 at 09:52)
forex_trader_72918
Member Since Apr 09, 2012
121 posts
Jun 11, 2013 at 14:53
aiglagil posted:+1
The only one good system is to buy every time a new EA that performs well ans sell an old one that performs bad. Automatic trading is a job like the others, that mean several hours in a week !
you have right!
Jun 11, 2013 at 18:18
aiglagil posted:
The only one good system is to buy every time a new EA that performs well ans sell an old one that performs bad. Automatic trading is a job like the others, that mean several hours in a week !
But how you will sell this old one?
Jun 12, 2013 at 19:29
I'm glad to see that FBG defenders like Steve finally throw in the towel and call it quits, citing the draw down as too horrific and the author's inability to update the results or comment on the recent draw down.
BTW, the EA has not updated on myfxbook since May 27. Reason: perhaps the author has discontinued the update for fear of revealing any more of horrific DD.
But, as LKHedge has pointed out, there is the new 64% published a forexpeacearmy.
For those wanting to know how it does on a 0.01 basis on a real account that started with $300 on Sept 18, 2011, you can also reference this record: https://www.forexrazor.com/en-us/account.aspx?sid=4274
Looking at the balance graph on that forexrazor account, I see that it dropped from $586 to $330, which is a $256 drop, and because it is using 0.01 lots, that's a 2,560 pip drop, from peak (Feb 26, 2013) to valley (now), in case one wants to know the pip draw down thus far.
BTW, the EA has not updated on myfxbook since May 27. Reason: perhaps the author has discontinued the update for fear of revealing any more of horrific DD.
But, as LKHedge has pointed out, there is the new 64% published a forexpeacearmy.
For those wanting to know how it does on a 0.01 basis on a real account that started with $300 on Sept 18, 2011, you can also reference this record: https://www.forexrazor.com/en-us/account.aspx?sid=4274
Looking at the balance graph on that forexrazor account, I see that it dropped from $586 to $330, which is a $256 drop, and because it is using 0.01 lots, that's a 2,560 pip drop, from peak (Feb 26, 2013) to valley (now), in case one wants to know the pip draw down thus far.
Member Since Jul 02, 2012
127 posts
Jun 12, 2013 at 20:17
I still this EA is a good one. It will no doubt make new highs again in the future. But I fear if way too aggressive money management strategy is used on it that this EA will of cause fail. Another thing which may help this EA to perform better is if we knew the right time to turn it on and off.
Jun 12, 2013 at 21:19
TheFX4You posted:aiglagil posted:
The only one good system is to buy every time a new EA that performs well ans sell an old one that performs bad. Automatic trading is a job like the others, that mean several hours in a week !
But how you will sell this old one?
Forex Investbot isn't doing any better...
https://www.forexverified.com/reports/forexinvestbot/forexinvestbot001.html
Its down over 15% so far this month and down over 28% since inception...
Member Since Mar 01, 2013
25 posts
Jun 12, 2013 at 21:31
the idea of volatility and break-out isn't bad, but the problem is maybe the profit target calculated on volatility. Since the FGB stays in market for several hours, to days, the effect of volatility fades away. The better idea could be a short term system based on FGB's entry points, like semi-scalper. May be.
Jun 12, 2013 at 21:31
richbugger posted:
I still this EA is a good one. It will no doubt make new highs again in the future. But I fear if way too aggressive money management strategy is used on it that this EA will of cause fail. Another thing which may help this EA to perform better is if we knew the right time to turn it on and off.
I'm gonna Turtle slap the shit out of you! This EA is Dead...
Member Since May 08, 2012
321 posts
Jun 13, 2013 at 03:10
'If we only knew the right time to turn it off and on'...gee...maybe the tree fairies will tell us.
They are intentionally not allowing this to update. Their other EA, Forex Invest Bot is current through 6/11, and it is also a dog.
There's nothing here to see...lets all move along now...
They are intentionally not allowing this to update. Their other EA, Forex Invest Bot is current through 6/11, and it is also a dog.
There's nothing here to see...lets all move along now...
forex_trader_72918
Member Since Apr 09, 2012
121 posts
Jun 13, 2013 at 04:19
(edited Jun 13, 2013 at 04:20)
Michigander posted:what you meen also a dog? sory
Their other EA, Forex Invest Bot is current through 6/11, and it is also a dog.
There's nothing here to see...lets all move along now...
i see that +8 % with 40 dd...up down up down ... no stable
I think their bots based on price action - and its not working so good like last yeasr
Member Since Oct 05, 2012
38 posts
Jun 13, 2013 at 11:45
FGB = Blackberry
they both lost the plot; and the management still holding to the loser !!!!
they both lost the plot; and the management still holding to the loser !!!!
Member Since May 08, 2012
321 posts
Jun 13, 2013 at 11:50
Alex said: what you mean also a dog? sorry
i see that +8 % with 40 dd...up down up down ... no stable
Maybe that's stable in your world, but its not stable in mine. An 8% gain for a 40% draw down is not stable. Those that started a week later saw 3% gain on 40% draw down. Those that started in February have a 9% loss on top of the 40% draw down. 40% draw down is horrible for a non-martingale system.
i see that +8 % with 40 dd...up down up down ... no stable
Maybe that's stable in your world, but its not stable in mine. An 8% gain for a 40% draw down is not stable. Those that started a week later saw 3% gain on 40% draw down. Those that started in February have a 9% loss on top of the 40% draw down. 40% draw down is horrible for a non-martingale system.
forex_trader_72918
Member Since Apr 09, 2012
121 posts
Jun 13, 2013 at 11:57
(edited Jun 13, 2013 at 12:07)
Michigander posted:
Alex said: what you mean also a dog? sorry
i see that +8 % with 40 dd...up down up down ... no stable
Maybe that's stable in your world, but its not stable in mine. An 8% gain for a 40% draw down is not stable. Those that started a week later saw 3% gain on 40% draw down. Those that started in February have a 9% loss on top of the 40% draw down. 40% draw down is horrible for a non-martingale system.
yes i got you!
Also i think that martin is moust Danger and moust profit System
But if i see DD>Profit per month = bad system
Good system when Montly profit > dd * 5
This is what about MArtin systems.
But Forex Grow Bot is Price Action bot and i do not like that because of + and - can Eat 50% profit...old Hystory - just luckied...and authors need do big changes in code because thats not working any more in today market
Good professional trading when -1 -1 -1 -1 -1 +10 -1 -1 -1 -1 -1 +10 (many bad but 1 GOOD)
Bad trading whan +1 +1 +1 +1 +1 -10 +1 +1 +1 -10 (BLOW UP) (many good but 1 BAD)
Jun 19, 2013 at 08:47
Michigander posted:The right time to turn it off might be right at the start.
'If we only knew the right time to turn it off and on'...gee...maybe the tree fairies will tell us.
It is very easy to program such a robot and get such an equity curve. Of course, making profit by using, not selling a robot is an entirely different matter.
Member Since Mar 01, 2013
25 posts
Jun 19, 2013 at 11:52
The right time to turn it off might be right at the start.
It is very easy to program such a robot and get such an equity curve. Of course, making profit by using, not selling a robot is an entirely different matter.
yes, but the efficiency of such program can be verified just on the basis of an curve. What else can you evaluate? There was nothing in this program that can be called cheating. A very easy system based on a break-out and volatility combination. In my opinion, the problem was the setting of the pt and sl.
Jun 20, 2013 at 08:47
(edited Jun 20, 2013 at 08:49)
anglican007 posted:Sometimes it is difficult, but not with this bot. The myfxbook page shows 3 clear evidences of cheating:
yes, but the efficiency of such program can be verified just on the basis of an curve. What else can you evaluate? There was nothing in this program that can be called cheating. A very easy system based on a break-out and volatility combination. In my opinion, the problem was the setting of the pt and sl.
- The account was opened with only $250, which hints that it's only one of many live accounts of this robot. The other accounts probably blew.
- You can see from the green volume bars that it's a martingale system. The lots volume always went up after any loss.
- The equity curve went relatively straight up only as long as the robot was not yet public. Afterwards it went randomly up and down with large losses.
There are descriptions on the internet how to program a scam bot and fake a straight upwards equity curve. It's very easy, an EA with only a few lines of code.
Member Since Jul 26, 2010
88 posts
Jun 21, 2013 at 04:39
Most EA take their money from the sales and we see now no ea can resist at the end!
