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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

balivilla
Dec 02 2013 at 16:10
4 posts
Does anybody think it is a good time to start trading with this EA?

scalptastic
Dec 02 2013 at 16:39
38 posts
balivilla posted:
Does anybody think it is a good time to start trading with this EA?


it depends how much you want to lose right now.

I would not trade this EA unless the equity curve has recovered the whole drawdown. Even that; I will not trade it; because the fact it did have this major drawdown; it menas it is likely it will happen again.

xlitang
Dec 02 2013 at 21:34
15 posts
Good point.

frank
RedRhino
Dec 03 2013 at 06:33
471 posts
Please vote on this feature - https://www.myfxbook.com/community/suggestion-box/vote-post-up/676520,1

This discussion is by far the largest with more information than most. By voting on this suggestion, we'd be able to read the top comments from this discussion without reading 350+ pages.


Thank you

Engee
Dec 12 2013 at 18:10
3 posts
Impressive!😄

munikvp
Dec 30 2013 at 11:21
9 posts
Do you mentor anyone or manage accounts?


This is my skype id (munikvp)

GaborTrader (GaborTrader)
Dec 30 2013 at 12:42
2 posts
Is anyone still using the FGB EA? This EA has broken his Equity Curve long time ago and it seems that the strategy success is over...

grgr
Jan 02 2014 at 02:52
36 posts
It. didnt break anything. you should analyze the longer term backtest and realize that such a dd measured in pips should been expected to happen again. vendor was just luckily to overrisk this account for many months and dont get into deeper drawdown. of course it may continue and break the worst levels but it is still working within expectations i think.

Michigander (Michigander)
Jan 03 2014 at 01:17
321 posts
grgr posted:
...but it is still working within expectations i think.


Tell that to anyone that has started trading it over the past 2 years. If people are still buying this piece of shit, then you are correct that it is performing as expected...for the sellers.

grgr
Jan 03 2014 at 02:46
36 posts
You might be totally wrong. It has reached it's worst drawdown, just like it would in past years (you can backtest it). History likes to repeat itself. So there's a chance that it will bounce up again from this point. However, I'm not longer trading with FGB. Jumped to RV more than a year ago.

If 'anyone' used the same risk setting like vendor of this, then he is in troubles, if he used proper risk, he would get lower drawdown, but also lower gains.

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