Forex Growth Bot Discussion

sventrapapere71 posted:
    

golddragon posted:
    common sense.

no way the EA will auto open the same direction with just few pips different in the same period

No, I think this is not so, simply the EA got a strong signal to Sell, but the real problem has been to not well consider the impact due to the incoming German Pil news...

So, FGB programmer must include a filter in case of relevant news ahead that avoid those kid of very dangerous trades!

Very risky (and stupid?!) trades, indeed, lost 101 pips in few minutes, while yesterday FGB leave more than 200 pips on the table due to its not trailing stop use....

We will see in the long run, but in short term view, don't use the trailing stop or fixed targets it's really frustrating in losing days like today, thinking about how many pips we could get yesterday and we didn't, instead....

Where did yesterday gain over 200 pips? Overall just $8 in their investor account.

this ea is really greedy...u have to close manually....

i have 70USD profit open for me,but the market reverse...hahaha...and then loss 450USD...

this EA should have trailing setting

come to papa...this EA open up again post...huhuhu...this time buy time!!!

time to make loss again in EUR/USD BUY, haha

golddragon posted:
    

sventrapapere71 posted:
    

golddragon posted:
    common sense.

no way the EA will auto open the same direction with just few pips different in the same period

No, I think this is not so, simply the EA got a strong signal to Sell, but the real problem has been to not well consider the impact due to the incoming German Pil news...

So, FGB programmer must include a filter in case of relevant news ahead that avoid those kid of very dangerous trades!

Very risky (and stupid?!) trades, indeed, lost 101 pips in few minutes, while yesterday FGB leave more than 200 pips on the table due to its not trailing stop use....

We will see in the long run, but in short term view, don't use the trailing stop or fixed targets it's really frustrating in losing days like today, thinking about how many pips we could get yesterday and we didn't, instead....

Where did yesterday gain over 200 pips? Overall just $8 in their investor account.

I didn't say that FGB won 200 pips yesterday, I said that it leave 200 pips 'on the table', because, at a certain point, it was in profit of that pips amount on open trades, then, the eur retraced and the robot lost those pips plus many others, closing those three trades in loss, because it don't use this fuc*** trailing stop!

sventrapapere71 posted:
    

golddragon posted:
    

sventrapapere71 posted:
    

golddragon posted:
    common sense.

no way the EA will auto open the same direction with just few pips different in the same period

No, I think this is not so, simply the EA got a strong signal to Sell, but the real problem has been to not well consider the impact due to the incoming German Pil news...

So, FGB programmer must include a filter in case of relevant news ahead that avoid those kid of very dangerous trades!

Very risky (and stupid?!) trades, indeed, lost 101 pips in few minutes, while yesterday FGB leave more than 200 pips on the table due to its not trailing stop use....

We will see in the long run, but in short term view, don't use the trailing stop or fixed targets it's really frustrating in losing days like today, thinking about how many pips we could get yesterday and we didn't, instead....

Where did yesterday gain over 200 pips? Overall just $8 in their investor account.

I didn't say that FGB won 200 pips yesterday, I said that it leave 200 pips 'on the table', because, at a certain point, it was in profit of that pips amount on open trades, then, the eur retraced and the robot lost those pips plus many others, closing those three trades in loss, because it don't use this fuc*** trailing stop!

I misunderstood you. It is really stupid, EA.

huhu...another loss again....

budakgetah86 posted:
    huhu...another loss again....

are you in demo?

no in real lol!!!

Try this trailing stop. Add to M15 EURUSD. Set magic number to the same as for FGB.

budakgetah86 posted:
    huhu...another loss again....

this EA design to catch big moves, losers are small and winners are big,

if you don't have patiance you will never make money in forex,

if you will add trail stop you may not catch big move around the corner just my 2c.

peace

RPP

This EA really dig a hole in my pocket today. I'm starting to come to conclude that in fact, if you keep it away from news, it gives you nice entries, but you have to interact to get control of the trade once placed, so you don't end up losing profits like yesterday

It's not set and forget.

hey kenny: what's the math behind that trailing? Won't it affect FGB behaviour besides cutting loses?

I agree with RPP123. The strategy is a long-term one - it's not designed to fight the market for every single pip. The developers are responsive and don't come across like the average EA marketer.

That said - they haven't done themselves any favours by starting this account with (as they have acknowledged) wildly risky settings in order to attract attention, which has the effect of giving people unrealistic expectations as to the timeframe for returns. And I also am waiting for the restart fix before trading this live. Demo account up 5% though...

yeah...i know this ea will be strong enough for long term...

i kinda agree withpompealp...we must monitor the open post...

today was lost for me because i set the high lot..
haha

pompealp,

The EA is designed to trail at 50% of profit up to a maximum as defined by the user. Given that this represents a 50% loss of profit for any given trade, I decided to incorporate the trail decay, that simply reduces the trail by x number of pips each bar, down to a minimum trail which is half the 14 day ATR(or typically around 3 - 5 pips)

I am not going to comment on the effectiveness of this using this trail, that is for each person to decide and possibly share results. I will say that while it is nice to catch a 500 pips trend, you need to consider that a 30 pip profit that reverses into a 60 pips loss represents an actually loss of 90 pips(in my mind anyway).....how many of these do you need to wipe out that once a year 500 pip trade.

sorry kenny, i didn't made myself clear: i'm really new to ea's and mt4 and was wondering if there could be two ea's running on the same chart? that's my question about working out thetwo ea's.

I totally agree with you: i'd rather secure 30 pips gain, even if that implies keeping me away of that once in a year 500 pips trade.

I will be trying out your ea in my demo to learn how to use it. I hope you dont mind if I contact you in case I need a bit more help tweaking your system, but if I understand correctly, it comes set by default to trail 50% gain behind, and closing in as trade gets longer.

Is there a way to set it up so it starts trailing after a determined ammount of pips of gain obtained? Since I think it could be pretty easy thet after a 4 pip gain, where the trailing would be at the 2 pip gain, a retracement could stop you out from a stronger movement.

Anyways, I really REALLY appreciate you sharing that work with US! Thanx a lot, hope it works great, will be posting the results here

And I kind of agree with you that a 30 pip gain turning into a 60 pip loss is a 90 pip loss, even if afterwards turns out to be a 200 pip trade, since from my perspective, those are two different trades summed up, a loosing one and a winning one, and clearly the momment tho loosing one started, was not the trigger to enter the winning one; that came later (I hope I made myself clear)

pompealp,

Nope, you can't run more that 1 EA on a chart. You need to run this EA on a new EURUSD chart(M15), so your platform will have 2 charts open, 1 running FGB and one running the trail. In the trail EA, set the magic number to be the same as that for FGB.

In the settings, there is one called Trail_Start......use this to tell the EA at what number of pips to start trailing. The EA corrects for 4 & 5 digit brokers. If you are worried about the effectiveness of the trail set the Trail_Start to a relatively large number, like 25 pips.....at least that will allow some trades a lot of room to breath.

I agree with the idea that a news filter may help. This is pretty basic to incorporate, so I'm not sure why they don't do it. I can create an external news filter EA but I am not sure I can get it to prevent FGB trading when there is news due. Anyway, I will ponder it and see if I can come up with a solution.

I dont know how can people expect 100% profit, It is an Expert Advisor not a God to know the news reaction . Forex is the game of profit and loss . When the bot gives profit trades people write oh this is a promising Ea and when they get some loosing trades then they point at EA . One should understand FOR EVERY GAIN THERE IS A LOSS . But in this EA the losing trades are minimized in loss COMPARE to the winning ones.

So guys have patience there are good days and bad days. In my opinion this EA is still one of the best and promising EA i had seen so far. For me as far as the loosing trades are low in pips it is the best.

I am not in anyway related to FGB but i had been using it and seeing the good positive results much better than those so called industry top robots.

I wish FGB the best. Good work guys

ssaqeel posted:
    I dont know how can people expect 100% profit, It is an Expert Advisor not a God to know the news reaction . Forex is the game..............................

Good news guys, in the next day or two I will post an EA that I have created that will read the FF calendar and then disable trading on FGB(or any EA you desire, for that matter), for a user defined period before and after the news event.

😁😎