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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

FXDownunder
Sep 09 2011 at 08:49
6 posts
hasnt traded for me all week. and using default settings.

crashev
Sep 09 2011 at 09:38
320 posts
You consider -> 31.30% a low draw down and a steady strategy ?
I onsider it rather a very large draw down.

mcymcy (mcymcy)
Sep 09 2011 at 09:52
270 posts
I'm a disciplined forex player: When i saw that FGB could not open the orders in market conditions, so i disabled it and waiting the developers to increase it's abilities for the market conditions. In my forex experience, sometimes it's better not to open any orders; and do not loose money.... If i let FGB open orders, i could lost hundreds of pips!!! But i didn't loose...

Steve Walker
walker36
Sep 09 2011 at 10:34
1341 posts

mcymcy posted:
    I'm a disciplined forex player: When i saw that FGB could not open the orders in market conditions, so i disabled it and waiting the developers to increase it's abilities for the market conditions. In my forex experience, sometimes it's better not to open any orders; and do not loose money.... If i let FGB open orders, i could lost hundreds of pips!!! But i didn't loose...


what was the parameters that make you disable FGB.
can you please share with us

regards

mcymcy (mcymcy)
Sep 09 2011 at 10:43
270 posts
At first, in the settings i'll set manuel exit true. So the FGB only open the trades. At another chart i put Advanced trailing stop ea with standart settings. I only change trailing start at 15 pips and the SL to 55 pips.

This usually takes the profits when the EA do not close the orders in profit. U know FGB opens orders, some times it took 100 pips move but FGB do not close in profit and miss all the pips.

With these i miss from huge FGB pip looses.

But after this week i close the FGB. Because in my manual trades i gain much more. And i don't want to loose time with FGB. I'll try FGB if the developers Will make it much more usable.

Steve Walker
walker36
Sep 09 2011 at 11:14
1341 posts
I agree about FGB is missing some pips. mine has drop +%15 to +%2!! I use standart setup also.

so your parameter is you were making good this week and thats why suspend FGB. that can be a solutıon for you.

it seems meaningless to me. this is personal idea. I am not critizing your action. but the reason why when purchasing an AE customer check all time performance of that EA and make desecion with that information. usually they dont think like 'here EA loosing I can suspend it and then activate it'

the logic behind EA is repetating the same order logic consistantly. so when you suspend it you break that chain. this time you may be wright but next time you can be totally wrong and can miss alot pips.

this dıscussion is not about the profıbılıty of an EA. due this has to many parameters also. Like broker spread latency etc.. and the EA can be a looser. thats another topıc.

regards.

anglican
Sep 09 2011 at 13:22
3 posts

RalFxify posted:
    
stoneflash posted:
    Well said, Fughe.. There is no 'Holy Grail' EA out there unless you are a huge wealthy investor that pays someone to update it for you.. I'm finding that one must take the time to learn to adjust the settings or.. chuck it in the bin & keep trying the latest 'Dominator'.. 'Pip Stealer' or whatever else they call the newest re-packaged software.

I'd be happy if you were the owner, Fughe, & willingly pay the $20 a month as a modest business expense considering the profits gained & I hope to learn more from your posts.




There are Holy Grails but you never hear about them cos they are never sold.. Check out my trade history here as proof https://www.mediafire.com/?8zy9173thhnbnnb . Cheers mate :)


Hello !

Your Holy Grail has its Stop Loss 20x larger than Profit Target, which is 5.0 pips. It is very dangerous. If you lost, you would erase more than 71 per cent of your account. 24 trades is not a proof in this case. You made cca 14 000 dollars with a risk of 17 500 dollars. You did not earn enough money for any loss (which WILL come). Don´t forget - EURUSD is pretty volatile these days. Try a backtest - about 500 trades.

RalFxify
Sep 09 2011 at 14:32
48 posts

anglican posted:
    
RalFxify posted:
    
stoneflash posted:
    Well said, Fughe.. There is no 'Holy Grail' EA out there unless you are a huge wealthy investor that pays someone to update it for you.. I'm finding that one must take the time to learn to adjust the settings or.. chuck it in the bin & keep trying the latest 'Dominator'.. 'Pip Stealer' or whatever else they call the newest re-packaged software.

I'd be happy if you were the owner, Fughe, & willingly pay the $20 a month as a modest business expense considering the profits gained & I hope to learn more from your posts.





There are Holy Grails but you never hear about them cos they are never sold.. Check out my trade history here as proof https://www.mediafire.com/?8zy9173thhnbnnb . Cheers mate :)


Hello !

Your Holy Grail has its Stop Loss 20x larger than Profit Target, which is 5.0 pips. It is very dangerous. If you lost, you would erase more than 71 per cent of your account. 24 trades is not a proof in this case. You made cca 14 000 dollars with a risk of 17 500 dollars. You did not earn enough money for any loss (which WILL come). Don´t forget - EURUSD is pretty volatile these days. Try a backtest - about 500 trades.



Here you go. 12 year backtest using quality 1 minute data from Alpari, modelling quality = 90% https://www.mediafire.com/?0c331028a5rlp3w

sliffy
Sep 09 2011 at 14:43
79 posts
RalFxify,

tp: 5 pips, sl: 100 pips... you have made a scalper from fgb
pls send the equity curve only

RalFxify
Sep 09 2011 at 15:07
48 posts

sliffy posted:
    RalFxify,

tp: 5 pips, sl: 100 pips... you have made a scalper from fgb
pls send the equity curve only



Its in no way related to fgb.. Here is equity curve alone https://www.mediafire.com/?7ip8hlhpli7wybg

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