To use chat, please login.
Back to contacts

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

stevetrade (stevetrade)
Jan 24 2013 at 12:52
1408 posts
Sounds prudent Daniel, I would expect some profit after one year.

Trying to time entry is difficult. While FGB is describing a fairly good statistical equity curve ( which is one of it's good points ) the point at which to get in and out is not always that clear cut. However jumping in now would be reasonably wise.

DiggerOfTruth
Jan 24 2013 at 18:15
46 posts
It didn't feel like gambling. The reason I could do so much in such a short amount of time was because ThinkForex - originally - allowed me 1:500 leverage. Then, without warning, in the middle of making trades - they changed it to 1:100!! (They had already confirmed the change to 1:500 in an email days prior.)

A bit of a head rush this night was. Never did this before in my life. Made some stupid mistakes - hitting the wrong button, literally - on the trades window. Still, even if the two open orders were closed at a loss, I would still have netted over 150% in a few hours. An old friend who has traded options and such for some time suggests that I get into them now. Well, we may just do that.

Strange that a bot that caused me losses the first day of it trading - about 20% in losses - would, in part, be responsible for these gains tonight. (I did turn off FGB after it kept making foolish trades...but kept the Indicator open.)

Whew! Wild night. I think HotForex will allow massive leverage with no messing around. We'll see.

duzyfx
Jan 24 2013 at 18:51
257 posts
DiggerOfTruth posted:
It didn't feel like gambling.


believe me it never feels like gambling till you realize afterwards ...

but in order to double any account in a night you need to take alot of risk... I think you were not thinking about the risk ? What would have happend if the indicator told you to buy/sell at such high leverage but the market would go instead the other way fast ? Would you cling to the order till your account gave the last equity breath ?

I've looked at the indicator on M15 on EURUSD and I don't see how you could do the wins last night...
Maybe I'm wrong and ignorant or maybe you were just lucky. Time always tells.

It'd be great if you could post the picture with some annotation for the rest of us...

rob559
Jan 24 2013 at 18:59
1916 posts
DiggerOfTruth posted:
It didn't feel like gambling. The reason I could do so much in such a short amount of time was because ThinkForex - originally - allowed me 1:500 leverage. Then, without warning, in the middle of making trades - they changed it to 1:100!! (They had already confirmed the change to 1:500 in an email days prior.)

A bit of a head rush this night was. Never did this before in my life. Made some stupid mistakes - hitting the wrong button, literally - on the trades window. Still, even if the two open orders were closed at a loss, I would still have netted over 150% in a few hours. An old friend who has traded options and such for some time suggests that I get into them now. Well, we may just do that.

Strange that a bot that caused me losses the first day of it trading - about 20% in losses - would, in part, be responsible for these gains tonight. (I did turn off FGB after it kept making foolish trades...but kept the Indicator open.)

Whew! Wild night. I think HotForex will allow massive leverage with no messing around. We'll see.


i think you are gambling and heading for some painfull moments,i had to pay to learn too,good luck

DiggerOfTruth
Jan 24 2013 at 19:25
46 posts
@duzyfx - Thanks for comments. I am wholly new to all of this, so I am still reeling. (Actually, ThinkForex injured me by - without warning and in the middle of trading well - changing the leverage without notice even. Even after calling them and emailing them to confirm what I was told they still haven't repented. Yes, repented for their damage to me. They caused much losses, in fact. Remedy? They repent & pay me - I am not sure yet, but I will put a figure on it - a tidy sum or they will regret it. Trust me. I've seen curses fall on such people before. My trades - at 6 units per lot commission - translated into a nice figure for them, and I don't think they do rebates either. Correct me if I'm wrong.)

I watched how the market was moving and moved with it the best I could. I didn't pay attention to the FGB Indicator for the bulk of the trades. I got in and got out, usually, not leaving the trade open for too long at all. (I have two losing trades - one was made by a wrong button push...in my eagerness/tiredness - still open, hoping for a retracement on at least one...10 lots a piece I think, or close to.)

When you're using large lot sizes a small move translates to nice gains quickly. You don't have to 'wait for a big move' at all. I tried not to get greedy and I mostly did well at that.

Last night I started out with about 4,827 GBP (down from the horrid FGB performance when I started with 6000). In a few hours I was in the teens and going for 20,000, before the 'Compliance Team' shafted me. Sickening, actually.

I'll post anything I can. I am so new I don't know how - wait, screen shot? would that do?, of the MT4 results/trading history? And where would I post it...?

@rob559: You are right to warn me and I thank you for same. Foolish errors can cost one's gains...quickly. To quote steve: we need 'Nerves of Steel'. :)

DiggerOfTruth
Jan 24 2013 at 22:10
46 posts
I should give two thumbs up to Beeksfx VPS. They are the VPS company that ThinkForex offers for 'free' if conditions are met.

Almost in stark contrast to ThinkForex, these people are on the ball and give VERY detailed support and immediately at that. If you are looking for a solid VPS with VERY fast and detailed support (unlike VPSLand who sometimes do not even respond to emails), Beeksfx VPS I would recommend. If ThinkForex repents and offers restitution for their damages to me, I may stay with them and use Beeksx.

In any case, I think Beeksfx stand alone in their attention to detail, helpfulness and efficiency. Actually, they stand head and shoulders above what I have been used to since getting into the VPS scene for the bot-world...

Statement of my Account. I'll try and include a screen shot of the particulars. You will see the good, bad and just plain UGLY. Remember that there are two outstanding orders of about 10 lots apiece, putting me - currently - about 4-5000 in the hole. Minus baby. But I'm holding out to see if the peak has hit and I'll not lose as much as my wrong-button-pushing mistake is doing now.

@duzyfx: SEE ATTACHED Statement -

I couldn't get the whole statement without posting all the info, which I don't want to do. So, I took a shot of the bottom of the statement and put the graph in. As you can see, the change from 1:500 leverage to 1:100 stopped my using 40-50 lots at a time. And you will see the outstanding open foolish orders in the loss right now over 5000. Still, not a bad run for the First Time 'All Night Trader' (as opposed to Day Trader, eh?)

Attachments:


DiggerOfTruth
Jan 25 2013 at 00:36
46 posts
Spiritual Note:

For bringing me through Hell to this very positive result in short shrift, I give all the glory to God. May there be more winnings and abilities to help those in need. The meek will He guide in judgment. Let me be meek, O Lord. Cause me to be so.

duzyfx
Jan 25 2013 at 02:13
257 posts
DiggerOfTruth posted:
@duzyfx: SEE ATTACHED Statement -

I couldn't get the whole statement without posting all the info, which I don't want to do. So, I took a shot of the bottom of the statement and put the graph in. As you can see, the change from 1:500 leverage to 1:100 stopped my using 40-50 lots at a time. And you will see the outstanding open foolish orders in the loss right now over 5000. Still, not a bad run for the First Time 'All Night Trader' (as opposed to Day Trader, eh?)


wow so you were going with a max leverage targetting a few pips at a time ?

interesting....

you should definitely load your account here on myfxbook so you can see how much drawdown you had etc...
simply create an investor password and add the account so myfxbook can login via investor password and download all the data without you having taking screen shots ...

but it's of course up to you

li21
Jan 25 2013 at 09:11
29 posts
@DiggerofTruth

I guess the best way to share would be to use myfxbook.com
Wait a minute.. aren't we on that website now ?:P

just jokes... you've have a very lucky run I would say..
Good job.. but I wouldn't have to balls to put that off..



DiggerOfTruth
Jan 25 2013 at 18:08
46 posts
I am under SO MUCH ATTACK it's not funny. I shared with another FGB user that I feel like Neo: AGENTS EVERYWHERE!!

ThinkForex continues to attack me. You won't believe this. They closed out trades at major losses and took monies from my account!! They have not repented or made restitution. They get WORSE, not better.

I sent this email to their Account Manager, Neha just now. I share it with you all.

Can you believe this??

Let us know of an ethical broker with decent commissions/spreads (or rebates as the case may be). My first broker has turned into a NIGHTMARE on Forex St.!!!

UPDATE: They just stole monies from my account and closed out trades at a major loss!! I should have over 13000 even if they closed the trades at a loss!! I phoned Neha - Account Mgr - and gave her terms of peace. Actually, I'll share them here with you since you have personally messaged me. I may add them to the FGB board or discussion on brokers if there is one on this site.




Email sent just now to Neha:

Subject: CORRECTION ATTN: NEHA - Re: [#BDY-248-76355]: Leverage should be 500:1

If the terms of peace regarding the commissions are met, then only reopen the large loss trade that was closed without approval. (No need to reopen the other if the commissions on all trades are refunded.)
 

----- Forwarded Message -----
From:
To: 'support@thinkforex.com' <support@thinkforex.com>
Sent: Friday, January 25, 2013 9:53 AM
Subject: ATTA: NEHA - Re: [#BDY-248-76355]: Leverage should be 500:1

Neha,

No, I shall not 'understand' wickedness on the part of people who are being paid to be ethical.
Not only did they curse me by attacking me and my account without warning or reason, they - your company - are not doing what they would wish done to them aka The Golden Rule. I think I know why too.
Further, they have not only not repented of their original attacks, they have continued their assaults and crimes against me and my brand new account, once again without warning or reason.
Neha, you did not follow up with an email regarding these matters as you said you would...and things have now become nightmarish as you know.
I have seen what happens to companies - and people who enable them - who do these sorts of things to innocent people, and its not pretty, to say the least.

TERMS OF PEACE

Here are the terms of peace:
The parties responsible for these continuing attacks on my account and soul shall be named.
The named parties shall repent for these attacks in writing, signing and printing their names unless and except they are all fired. If that is the case, their names shall be given and positions held within ThinkForex as well as the one(s) who fired them. This is part of the record.
The account shall be returned to its original state as per the original confirming email and leverage ratio and amounts therein.
All trades closed by the guilty parties today - once again, without warning/reason - are to be reopened.
As restitution for these ongoing attacks, all commissions shall be refunded and - if I trade through your brokerage in the future - all future commissions shall be 3 units per lot (not 6 as is currently charged).
If all of these terms are met, I will release all compliant parties from further actions.
In Truth,


From: ThinkForex Support <support@thinkforex.com>
To:
Sent: Thursday, January 24, 2013 6:36 AM
Subject: [#BDY-248-76355]: Leverage should be 500:1

Hi


Thank you for your email. This is to confirm that your request has been received and our compliance team is looking into it. I will get back to you as soon as I get more information in this regard. Thank you for your patience and understanding

Regards

Please login to comment .