Forex Growth Bot Diskussion

Does anybody think it is a good time to start trading with this EA?

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.

Good point.

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Thank you

Impressive!😄

Do you mentor anyone or manage accounts?


This is my skype id (munikvp)

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...

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.

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.

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.

This is an interesting discussion. I still have the 10 year backtest in my strategic history and while the EA in backtest never suffered six losing months in a row before there are plenty of times early on where it lost 3 months in a row and then not long after did so again. Analysing the backtest history for a period from 1999 - 2001 shows that the EA performed far worse overall than it has here. You can see a snapshot of this attached.

Whether the EA will ever perform again remains to be seen. The main question to ask is whether you are prepared to accept the chance of sideways movement for years at a time. I think the key thing to learn here is to take a good hard look at the backtest data you generate and ask whether you are happy with every period of trading history that the backtest shows you, if similar patterns where to occur again.

I for one have moved on from using this EA.

Best regards Steve

Steve,
Interesting comment. The next big conclusion from your backtest is that in a long period of time this strategy only yielded about 0.04%/month or 0.5% per year, which is pretty much uninteresting.

many people stop using this EA - ForexgrowBot. Because good system must have selfoptimisation and try to learn at own trading from itself hystory. There intresting EA using correlations + 2 indicators + multipair:

That a viscous fall on the equity curve. Wow, looks painful.

soon will not suffer any more. landing is near ;)

etienne3d posted:
soon will not suffer any more. landing is near ;)

If it happens, at the end it will be a free trade.

Break even. Not bad.

Singing...And now...The end is near...and so I face....the final curtain...

unstable and risky appearance

In the worst of the worst