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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

pianosso
Aug 02 2012 at 13:13
51 posts
Wrong! The market is the one BEHAVING, NOT a PROGRAMMED computer software. Backtests have no relation with the future. They cannot predict anything and that is a fact.

rob559
Aug 02 2012 at 14:25
1916 posts
it gust will be a losing strake ,it happens and bad months do

betowm
Aug 02 2012 at 15:00
45 posts

pianosso posted:
Wrong! The market is the one BEHAVING, NOT a PROGRAMMED computer software. Backtests have no relation with the future. They cannot predict anything and that is a fact.


Based on the 10 years of backtest all of us have purchased this bot., dont tell me now that you are the exemption.
It is enough reasonable to think that in 10 years, the market has done everything that a market can do; and if it isn't enough with a backtest of 10 years of historic data to convince to someone for purchasing a forex robot, please, tell me how long should be a backtest for convincing to somebody that a bot is good.

pianosso
Aug 02 2012 at 18:42
51 posts
Tell us which year brung the worst results in your backtest.

betowm
Aug 02 2012 at 19:58
45 posts

pianosso posted:
Tell us which year brung the worst results in your backtest.


With the default settings, the worst backtests was at years 2003 and 2005
In the year 2007 3/4 of the year had losses but in the last 1/4 of the year the bot gained 7.5 % .....

pianosso
Aug 02 2012 at 21:47
51 posts
Thanks. A curious fact is that if we draw a trend line of the FGB's profit, we notice a break below it... As some will say, we should see a restest then a straight down :-) I really hope the forex theory will not apply.

stevetrade (stevetrade)
Aug 03 2012 at 10:45
1408 posts

bismillah123 posted:
Hye Steve Boardman,

Can we buy spare key from others (which is not being used yet) ?


Thanks


No idea, it's not my EA. Send an email to support on their home page. In theory though as you can change the license once you use it there is no reason why you can't buy an existing licence and switch the account.

stevetrade (stevetrade)
Aug 03 2012 at 10:52
1408 posts
I decided to check out my backtest and FGB shows a small loss over an entire two year period ( 1999-2000 ). Not sure if most people would tolerate an entire two years of no growth.


Be interesting to see if other people saw this same bad period in their backtests.

If you look at the behaviour of the EurUsd recently it has been appalling, my guess is it's down to too much government interference. If it carries on in this manner and the state of the Euro zone is possibly an indication that it will then FGB will continue to lose in my opinion.

I am seriously considering my position on this EA at the moment.

Attachments:


caddilac (caddilac)
Aug 03 2012 at 11:41
35 posts

stevetrade posted:
I decided to check out my backtest and FGB shows a small loss over an entire two year period ( 1999-2000 ). Not sure if most people would tolerate an entire two years of no growth.


Be interesting to see if other people saw this same bad period in their backtests.

If you look at the behaviour of the EurUsd recently it has been appalling, my guess is it's down to too much government interference. If it carries on in this manner and the state of the Euro zone is possibly an indication that it will then FGB will continue to lose in my opinion.

I am seriously considering my position on this EA at the moment.

)

Me too. It should be very bad session for this bot. I am at -50% just right now.

carl14
Aug 03 2012 at 14:32
7 posts
It all depends when traders started with FGB..

starting end of 2010 1000% not bad.., you'll be sitting through this..
starting july 2011 , 10-20% maybe..., ok lets see what happens, maybe.
starting Jan 2012 , big minus...., yike my capital will be gone soon!!!

Perhaps a focus on smaller gains, and consistency, will avoid the threat of manual intervention: Expert Advisor - OFF and loss..?

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