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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

Alex
EAguru
Jun 10 2013 at 10:05
121 posts
TheFX4You posted:
It's not profitable at all.

looks like die

LKHedgeFund (LKHedgeFund)
Jun 11 2013 at 09:51
34 posts
aiglagil
Jun 11 2013 at 09:56
2 posts
The only one good system is to buy every time a new EA that performs well ans sell an old one that performs bad. Automatic trading is a job like the others, that mean several hours in a week !

Alex
EAguru
Jun 11 2013 at 14:53
121 posts
aiglagil posted:
The only one good system is to buy every time a new EA that performs well ans sell an old one that performs bad. Automatic trading is a job like the others, that mean several hours in a week !

+1
you have right!

TheFX4You
Jun 11 2013 at 18:18
92 posts
aiglagil posted:
The only one good system is to buy every time a new EA that performs well ans sell an old one that performs bad. Automatic trading is a job like the others, that mean several hours in a week !


But how you will sell this old one?

falcon333
Jun 12 2013 at 19:29
54 posts
I'm glad to see that FBG defenders like Steve finally throw in the towel and call it quits, citing the draw down as too horrific and the author's inability to update the results or comment on the recent draw down.

BTW, the EA has not updated on myfxbook since May 27. Reason: perhaps the author has discontinued the update for fear of revealing any more of horrific DD.

But, as LKHedge has pointed out, there is the new 64% published a forexpeacearmy.

For those wanting to know how it does on a 0.01 basis on a real account that started with $300 on Sept 18, 2011, you can also reference this record: https://www.forexrazor.com/en-us/account.aspx?sid=4274

Looking at the balance graph on that forexrazor account, I see that it dropped from $586 to $330, which is a $256 drop, and because it is using 0.01 lots, that's a 2,560 pip drop, from peak (Feb 26, 2013) to valley (now), in case one wants to know the pip draw down thus far.

richbugger
Jun 12 2013 at 20:17
127 posts
I still this EA is a good one. It will no doubt make new highs again in the future. But I fear if way too aggressive money management strategy is used on it that this EA will of cause fail. Another thing which may help this EA to perform better is if we knew the right time to turn it on and off.

cgasucks
Jun 12 2013 at 21:19
32 posts
TheFX4You posted:
aiglagil posted:
The only one good system is to buy every time a new EA that performs well ans sell an old one that performs bad. Automatic trading is a job like the others, that mean several hours in a week !


But how you will sell this old one?


Forex Investbot isn't doing any better...

https://www.forexverified.com/reports/forexinvestbot/forexinvestbot001.html

Its down over 15% so far this month and down over 28% since inception...

anglican007
Jun 12 2013 at 21:31
25 posts
the idea of volatility and break-out isn't bad, but the problem is maybe the profit target calculated on volatility. Since the FGB stays in market for several hours, to days, the effect of volatility fades away. The better idea could be a short term system based on FGB's entry points, like semi-scalper. May be.

uozoms
Jun 12 2013 at 21:31
5 posts
richbugger posted:
I still this EA is a good one. It will no doubt make new highs again in the future. But I fear if way too aggressive money management strategy is used on it that this EA will of cause fail. Another thing which may help this EA to perform better is if we knew the right time to turn it on and off.


I'm gonna Turtle slap the shit out of you! This EA is Dead...

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