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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

fxtyrant
Jul 08 2011 at 17:15
71 posts
anyone here reckon the next version of forex growth bot need a feature to combat against whipsaw actions??

corporatemonkey
Jul 08 2011 at 17:39
25 posts
Yes, Definately! maybe a feature where if 2 Trending losses (not trades) are made within a 12 or 24 hour period then the EA is disabled until that time period has elasped or if a pip movement of over 100 pips is made on a single 15 minute candle as we saw this morning (123 pips) then this trend should be ignored and the EA should be disabled for the same 12/24 hour period as it just created an immensely volatile market and creates and instant overbought/oversold situation where the chance of a pull back to get stopped out after the bot has bought in is very, very high....

atax
Jul 08 2011 at 18:31
5 posts
About 400 pips down today but well this can happen. Account is still in profit so I don't care. There is no easy earned money in forex...

Kilwaxoni
Jul 08 2011 at 18:38
9 posts
Arg next time i turn the bot off before any majors events ! : O

Pakfx
Jul 08 2011 at 18:51
286 posts

tapachula posted:
    @Pakfx

Dou you trade with FBG?, i remember one system from you with a lot of red numbers (now deleted) but i see you posting a lot here and none public system.


Yes I do trade with fgb.. I dont get any trade on my account :$
or a lucky day for me.. im using it on my desktop system..

and yes im testing many other systems on my those account that are deposited by bonus. I run every system on my bonus.. just to avoid loss. and the red ones you seen is way back..
fxbook update it self with all historical date..



Pakfx
Jul 08 2011 at 18:53
286 posts

atax posted:
    About 400 pips down today but well this can happen. Account is still in profit so I don't care. There is no easy earned money in forex...


Yes correct if account is still in plus then why so carious about that. its forex some day you win and some day your not going to win..
so if you trade manually or by automated bot.
you get both in your hands wins and losses.
better count it at the end...

atax
Jul 08 2011 at 19:06
5 posts
Fgb made me 1500 pips in 5 month and after today still 1100 pips left. All in all not a bad result. Very bad luck if you started your portfolio this week. As I said before huge drawdown can happen and surely will happen from time to time

Metro (Metro)
Jul 08 2011 at 20:27
41 posts
good job

fxtyrant
Jul 09 2011 at 01:54
71 posts
Heres another thing i worry... if theres are still some open trades when i turn off the bot (where bot settings are Internal Controls True) does it mean the Bot will not be able to close these open trades because TP and SL are not set.... and bot is turned off... when bots are turned off can they still manage the still running open trades??

Join and Enjoy Thousands of Effort Free Pips
moneybotfx
Jul 09 2011 at 04:21
87 posts
You newbies here pay attention as this bot trades extremely over-leveraged as shown here in this account.
It started with only $250 so not much to loose and pointed for great returns.
An almost 1000% growth with around 4000 pips is a suicide with serious money accounts...
As atax said, this bot has made on average 300 pips a month and has lost them in one day, today! ...Not good.
 The more pips a bot produces monthly, the less leveraged needed to be and good protection you have against days like this..

This bot should have made with safety at most 90% up to day, given the number of pips and compounding ...
Just see its top and bottom -- From 960% to 720% ...Note that you must count the top of the balance up to the lower point of open equity. Myfxbook is not good on this yet...

 Could you imagine to start an account with $1000 even with half of the leverage shown here? Margin was waiting at the corner...

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