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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

Ramin_Rostami (Ramin_Rostami)
Jul 10 2013 at 22:07
253 posts
profitable trader dont need big money.... .be inform anybody cant peak profit from forex in low timefarmes.itrade must be long term above 240min timeframe

try to trade oil or index

like me HaHaHacool 😀

moktar (moktar)
Jul 17 2013 at 05:45
2 posts
Hi there, please help me to check either i do the right things if i willing to get the Forex Growth Bot into my real accounts ( which is under the Hotforex)...needed help and advise a.s.a.p....Thanks

anglican007
Jul 17 2013 at 11:28
25 posts
Do not do it. If you check the system efficiency, you can see the big drawdown, four losing months in a row and the loss of consistency. Two years of hard work of generating profit is gone. It is a new situation, not seen in any backtest yet. My advice is to wait untill the situation is normal again. It can last two ears, or five months.

Michigander (Michigander)
Jul 17 2013 at 12:00
321 posts
Mokhtar;

If you haven't been trading growth bot in a real account yet, this may be an excellent time to start trading it. While I agree with Anglican that the situation may yet not be normal, you are at a low risk entry point on this system. The equity curve has just turned up off of its lows, and it has put in a higher low and a higher high. Draw a trend line across the the two recent lows and start trading. If the equity curve violates the trend line, then stand aside once again.

There are no guarantees in this game. What worked yesterday may not work tomorrow and vice versa. Since you don't know what will work and when it will work, the only thing you can really do is play the game and manage your risk.

deysmacro
Jul 17 2013 at 12:42
275 posts
@Michigander

Mokhtar is really a new guy. He should watch and do some more homework you know.

Michigander (Michigander)
Jul 17 2013 at 13:48
321 posts
deysmacro;

I respectfully disagree. Homework means you know how to run the system and you now how the system runs. It sounds like he has done that through demo trading. This really is a low risk entry point based on the setup and parameters previously mentioned. Assuming he understands that, then what more homework needs to be done? You can do more 'homework' by waiting another 6 months and watching it recover, at which point you'll complain about not getting back in. It may break to new lows and you'll know that fairly soon as well and you'll step aside due to the risk management you have in place.


Aplmustdie
Jul 17 2013 at 14:05
305 posts
Michigander posted:
deysmacro;

This really is a low risk entry point based on the setup and parameters previously mentioned.



Um . . . No. Statistically, risk is the same whether you enter at a high or a low. People have a tendency to look for patterns in things but looking at the math, your risk is the same. As we all know, past results do not indicate future results. Growth bot has had a large drawdown; it does not mean it will move into a profit before the next one. Past performance shows that a 68% drawdown is possible. What if instead of recovering, there is another 68% drawdown? Boom!!! If you must take the risk, wait until it climbs up to the channel (connect the lows and connect the highs) At least then it will be back to a statistical recovery. Better yet, don't take the risk.

scalptastic
Jul 17 2013 at 14:14
38 posts
FGB is dead.

if you want to loose money the easy way; there are much better ideas.. and with happy endings

uk_max
Jul 17 2013 at 14:18
85 posts
Michigander posted:
Mokhtar;
you are at a low risk entry point on this system. The equity curve has just turned up off of its lows, and it has put in a higher low and a higher high.
 the only thing you can really do is play the game and manage your risk.


+1

FGB lost its edge, strategy worked long enough hasn't it? Now without reworking it what can we expect?

deysmacro
Jul 17 2013 at 14:26
275 posts
@All

No more comments from me. Looking at how this thing goes are much more fascinating and can make me gain experience while at it too. I still do my homework as we speak here by the way. 😎

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