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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

Star
Jan 13 2011 at 06:51
52 posts
PRandell posted:
    Anyone who thinks trading Forex can be accomplished with 100% certainty is either naive, a newbie, liar, misinformed, inexperienced or just plain stupid. Whenever you try to predict the future movement of anything, and you put your money on that prediction, you are gambling that your prediction is correct.

And if you can find a system that works MOST of the time, then you're a lucky bastard, and congratulations. I mean, hell... there are poker players who make a living gambling. A Good living. But that doesn't make it employment, nor investment what they're doing. They are freaking gambling, people! Wake the F up. You're not a bunch of retards, are you?

And again I see a post from either same guy with the a different screen name, or someone who didn't read the prior posts, asking to comment on a drawdown from the eisenhower era. Who gives a rat's butt what happened in 2002? Do you know what the world was like back then? Do you know what the underlying forces behind the currency pairs traded were in 2002? Do those conditions exist today? I personally think if an EA has been doing great this past year, then it'll probably do great for the next year, and never work again. That's my take at least.

You're never going to find an EA or strategy that's going to work always and forever amen. Market conditions, brokers, MMs, will always adjust things against it. You're lucky if it works for a year, let alone two. So stop the whining acting like scared children. Buy the EA, or don't. If you buy it, try it on demo. If it works, put some real money and if that works, put in more money. That's the way it works. What the F is this 'can you comment on what happened in 2002?'

What is he supposed to say? 'Um... well, in 2002 we just came out of september 11th, and so the world economy was recovering from a great shock, blah blah blah'. Is anything he says going to make you feel better? How about 'I wrote the EA to work only on odd numbered years'. I just don't get what answer he could give you to satisfy you. Is there any answer? Hell, if i wrote this EA, i won't know how to answer a retarded question like that.

PRandell


This was not a retarded question.That was a fair question.I am not trying to put this ea down . I own it and like it so far,but I like EAs that have a good 10 year backtests , like Megadroid.
If you have a $ 100,000 account and it goes in a few months down to $ 51,000 are you still going to be wrighting the same posts ? I did not think so.

PRandell
Jan 13 2011 at 07:03
31 posts
Star,

If you have an EA that's showing a 50DD in the last year, I'd say walk away from it. But it it was ancient history, you need to realize that. If you have traded forex for any real period of time you'll know that the currency pairs often go through correlations that fluctuate. For example, at times gbp/usd trades in tandem with eur/usd. While other times the two are not correlated at all. Why does this happen? For a lot of reasons, but one reason is that the same economic conditions that exist in Great Britain, exist in europe as a whole. In other times Britain fairs far better than Europe. So their currencies don't behave the same way. Currencies go through changes. And keep in mind that a currency pair that's trading at 1.0000 behaves far differently than when its trading at 2.0000. Their Daily ATR change too. If you're new, that's Actual True Range on a Daily basis. Instead of trading 50 pips a day, they trade 100 or more.

You need to know that when you're evaluating an EA. It's not going to behave now the way it behaved years ago. And that can be taken both ways. If an EA succeeded 8 years ago, don't count on it working now. I am not saying, it CAN'T. I'm saying don't expect it to. Look at the recent past. Give more weight to recent performance.

PRandell

rayong1 (rayong1)
Jan 13 2011 at 14:53
126 posts
Wow look at it go!!! 5 open trades and 300 pips up on my FX Pro account. Looks the same here.

house66
Jan 13 2011 at 16:54
13 posts

rayong1 posted:
    Wow look at it go!!! 5 open trades and 300 pips up on my FX Pro account. Looks the same here.


4 open now even on my thinkforex,3 closed

temitope123
Jan 13 2011 at 18:34
106 posts
my Alpari uk has got six trades opened, all in profit but lossing profit, i wonder if the EA is going to close any trade

temitope123
Jan 13 2011 at 18:36
106 posts
the one here has closed some trades, but mine is still keeping 6 trades.

fxgrowthbot
Jan 13 2011 at 18:46
107 posts
feel free to close trades if your happy with the profits.

hawkfx
Jan 13 2011 at 18:47
70 posts
500 pips cashed today at real account.


Tradingcompany (Tradingcompany)
Jan 13 2011 at 18:51
245 posts

hawkfx posted:
    500 pips cashed today at real account.




Where?

hawkfx
Jan 13 2011 at 18:56
70 posts
FXOpen and NordFX same trades...

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