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Forex Growth Bot
| Gain : | +2644.71% |
| Drawdown | 94.46% |
| Pips: | 8075.5 |
| Transactions | 2881 |
| Gagné: |
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| Perdu: |
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| Type: | Réel |
| Levier: | 1:200 |
| Trading: | Automatisé |
Discussion Forex Growth Bot
Jun 09, 2011 at 15:09
(édité Jun 09, 2011 at 15:10)
But if the trades will end in big profits you will need these profits in future- in another words - it is the way how is fgb trading. If you dont believe the robot, you can not trade with him! I have opened 1.5 lots!
Jun 09, 2011 at 15:42
caddilac posted:
But if will be good it is profit which you will need in future! If you dont believe the robot, you can not trade with him! I have opened 1.5 lots!
What matters is how many lots do you open for your balance. MM. You can open 10 lots if you want i dont care, easy to trade with moneyplay or hundreds bucks.
Im using .01 lots for each 10K balance in real ;)
If will be good i will have small profit, if bad small loss. In you case you want to double your account o get MC. thats fine.
In FOREX I do not believe in anyone else but me.
forex_trader_38708
Membre depuis Jun 09, 2011
posts 6
Jun 09, 2011 at 15:51
this bot had a good run that saved it. The balance will be back to where it was mid feb.
Drawdown Recovery period is too long.
Bots come and go. This dogs had its day. Swing trading is too marginal to get house edge from the market,.
Thankfully I have a good managed account at profxcapital
Goodbye
Drawdown Recovery period is too long.
Bots come and go. This dogs had its day. Swing trading is too marginal to get house edge from the market,.
Thankfully I have a good managed account at profxcapital
Goodbye
Jun 09, 2011 at 23:38
No, it's a base of free ea modified with many pages of codes added. Any broker will fit, less spread more money. I use multiple advisors on each account. About 52 bots on 13 accounts running demo account. I Use Gomarkets L-plate account for nanolots.
Jun 10, 2011 at 01:40
(édité Jun 10, 2011 at 01:49)
cunod posted:
pip2cash posted:
Hi,
How come no trading activity on this EA?
Is everyone having the same situation?
Regards,
SIM
This bot is specifically designed to trade only a few per week, I think the website says is 3-5 a week. What I have noticed over the last 3 months of use is that it normally trades on Thursdays an Fridays. They say on their website that it normally trades 3-5 trades a week. Normally it trades and average of 3 positions at once so there is your 3 trades a week. Keep in mind that might not trade at all in a week. I have seen it do this. Though this does not mean that it will not trade on other days. I have also seen it trade on a Monday and Tuesday normally sometime in the middle of the night for me; Im on EST (New York). Though I have found that it is very rare.
If your still having issues, close the chart and reattach the bot and see what happens. If that do work it might not be installed correctly.
Specifically designed to trade only a few per week??? Where did you get that idea? That is absolutely not the case. There is nothing in the design that limits the amount of trades per week. Just do some decent backtesting and you will see that it will trade anywhere from a few times per week, to dozens of times, to even hundreds of times. I tested a 2 ½ week period in May that I posted the results on this forum (on May 20th) that showed it trading over 300 times in one week. Here is one of the results using the basic edition:
Profit: 437.61 Trades: 621 Profit Factor: 1.32 FastVolatilityBase=20 SlowVolatilityBase=83 VolatilityFactor=-0.8
The way it trades is based on PA (Price Action) and Trend detection. It opens trades when the PA such as the velocity, the amount of pips per bar and the number of consecutive bars meets the external parameters and internal conditions that a valid trend has formed and is expected to continue. I've done extensive backtesting on FGB and the time or day means *nothing* to this bot. I have seen it open trades at all times and during all sessions and also every day of the week including the common not-so-recommended days of Sunday and Friday. Remember a few weeks ago when it opened 3-5 trades near the end of the market on Friday and all were losers? All because it ignores basic, simple S/R levels.
I am actually very surprised at the way the trades were opened today because is does not match the normal behavior I am used to seeing. It normally opens trades after around 5 to 15 consecutive bars have formed that are of high quality and that meet the velocity parameters. But the first trade today was opened after only (2) 15min bars, opening a trade at the start of the 3rd bar. I have backtested todays trades and I do get the same resulting trades. I think it started trading so soon because the impulse velocity on the first 2 bars where very strong. But the timing of trades 3-5 (all on reversal bars) were very bad as usual- as someone else has already pointed out part of the problem- opening near the end of a clear ½ hour (and even clearer 1 hour) head and shoulders pattern, which again comes down to S/R levels and opening trades near or at the end of a trend or in this case just a small 2 hour breakout.
It’s fine to be optimistic. But it’s quite another thing to ignore logic and reason when it comes down to the reality that the market of past will not be the market of the future no matter how much one wishes it to be.
The Forex world has yet to see a bot, whether for commercial banks trading billions, or for the consumer, that does not need to be continually updated for the changing markets. Every bot that has tried has failed.
One of the best that I have ever tested was the original Forex Auto Pilot (FAP). That thing was good at the time, even though it had no stop loss (all losing trades were closed at the end of each month). FAP had a great backtest record going back into the 90’s. And when it was released there are many people I know that reached over $50,000 in demo forward testing in only 3-4 months from a $1000 to $3000 account. But then it tanked- even though the logic seemed very sound and well-tested. The equity curve is still one of the very best I’ve seen.
The back test for FAP was much better than FGB. FAP kept gaining and gaining over the years, while FGB shows many years of almost flat- no growth. But FAP tanked because it was not updated to the current market. FGB needs to be updated in major ways, not just the minor updates we have been getting. We have all given them very good ideas of things to implement such as filtering trades with S/R levels, not trading in ranging markets or adding a strategy to enable trading in such markets and many other ideas.
Hopefully the FGB team will do these things to show us that they are not like all the other one-hit-wonder bots of the past.
Jun 10, 2011 at 03:07
(édité Jun 10, 2011 at 03:07)
Hey ric,
To answer your question about the where i got the trade amount ideas from was directly at the fgb website. I was off in my numbers though. It states 3-10 trades a week.
(Copy and Paste from website. Bottom of page right above the little software box.)
2. How Often Does Forex Growth Bot Trade?
Forex Growth Bot is not a high frequency trading robot. It will trade on average between 3 to 10 times per week. In some cases it may not trade for a few days at a time. Forex Growth Bot is designed to choose trades based on specific conditions and will not increase frequency to sacrifice positive performance.
(End copy and paste)
Though I have only been seeing up to 5/wk on avg. Now I was running the default parameters based on my account size, and only running the basic version. I am now running the signal service so im still kinda looking at trade frequency on that one. And keep in mind different brokers different stuff can happen. Some brokers the trades may execute and some may not. One thing for sure is update in necessary an soon. The opening at the snap end of a great opportunity to see it fall back down to a loss 15min after needs fixing. I have been blithering about the for the past 3-4 weeks now. Glad someone else noticed. 😀 Thought they got that worked out last week, here we are doing it again today and probably tomorrow.😭
To answer your question about the where i got the trade amount ideas from was directly at the fgb website. I was off in my numbers though. It states 3-10 trades a week.
(Copy and Paste from website. Bottom of page right above the little software box.)
2. How Often Does Forex Growth Bot Trade?
Forex Growth Bot is not a high frequency trading robot. It will trade on average between 3 to 10 times per week. In some cases it may not trade for a few days at a time. Forex Growth Bot is designed to choose trades based on specific conditions and will not increase frequency to sacrifice positive performance.
(End copy and paste)
Though I have only been seeing up to 5/wk on avg. Now I was running the default parameters based on my account size, and only running the basic version. I am now running the signal service so im still kinda looking at trade frequency on that one. And keep in mind different brokers different stuff can happen. Some brokers the trades may execute and some may not. One thing for sure is update in necessary an soon. The opening at the snap end of a great opportunity to see it fall back down to a loss 15min after needs fixing. I have been blithering about the for the past 3-4 weeks now. Glad someone else noticed. 😀 Thought they got that worked out last week, here we are doing it again today and probably tomorrow.😭
Jun 10, 2011 at 05:09
cunod posted:
Hey ric,
To answer your question about the where i got the trade amount ideas from was directly at the fgb website. I was off in my numbers though. It states 3-10 trades a week.
(Copy and Paste from website. Bottom of page right above the little software box.)
2. How Often Does Forex Growth Bot Trade?
Forex Growth Bot is not a high frequency trading robot. It will trade on average between 3 to 10 times per week. In some cases it may not trade for a few days at a time. Forex Growth Bot is designed to choose trades based on specific conditions and will not increase frequency to sacrifice positive performance.
(End copy and paste)
Though I have only been seeing up to 5/wk on avg. Now I was running the default parameters based on my account size, and only running the basic version. I am now running the signal service so im still kinda looking at trade frequency on that one. And keep in mind different brokers different stuff can happen. Some brokers the trades may execute and some may not. One thing for sure is update in necessary an soon. The opening at the snap end of a great opportunity to see it fall back down to a loss 15min after needs fixing. I have been blithering about the for the past 3-4 weeks now. Glad someone else noticed. 😀 Thought they got that worked out last week, here we are doing it again today and probably tomorrow.😭
It's because of this terrible ranging market. The faster and more consistant the market moves and the longer the trends the more FGB trades.
The thing where FGB keeps some trades open in case of a reversal is a gamble but sometimes it does pay off. They have closed the 3rd trade after 10 hours for a big loss of -54.8 pips. But the last two FGB has kept open and now the price has been going down. Right now it's 1am ET at the two trades are at +39 and +23 and are now growing. Hopefully they will close in profit, but I'm concerned because it is getting to the bottom support level of yesterday and could reverse. I'm not affected though because I stopped trading with FGB since beginning of May and I'm glad I did. Until they fix the issues and / or the Market goes back to what FGB likes I will just wait and keep my account safe.
Jun 12, 2011 at 03:52
(édité Jun 12, 2011 at 03:56)
This is an useless & unfinished scam EA full bugs 😝!
# Deposits: $250.00 -> haha don't make me laugh, why they do you think they didn't deposit $250,000.00 instead??
They're just playing on this really tiny account fooling people & makings sales for a while as long as Market doesn't range
in a way that this useless EA will hit 40 SLs in a row or so, it's already losing though but a much worse scenario is yet to be seen.
Only vendor will make money here in the long run as usual.
# Gain: +771.47% -> "sure", half of the profits were made just with a lucky start that hardly will repeat and was made on an insignificant account size, profits like this are common on insignificant account sizes, when far much more money is involved I'd like to see... You'll probably end up being the feed for big traders in opposite positions 😈.
So, my message to the vendors/scammers of this buggy EA:
# Deposits: $250.00 -> haha don't make me laugh, why they do you think they didn't deposit $250,000.00 instead??
They're just playing on this really tiny account fooling people & makings sales for a while as long as Market doesn't range
in a way that this useless EA will hit 40 SLs in a row or so, it's already losing though but a much worse scenario is yet to be seen.
Only vendor will make money here in the long run as usual.
# Gain: +771.47% -> "sure", half of the profits were made just with a lucky start that hardly will repeat and was made on an insignificant account size, profits like this are common on insignificant account sizes, when far much more money is involved I'd like to see... You'll probably end up being the feed for big traders in opposite positions 😈.
So, my message to the vendors/scammers of this buggy EA:
Fichiers joints:
Jun 13, 2011 at 15:00
atrader posted:
This is an useless & unfinished scam EA full bugs 😝!
# Deposits: $250.00 -> haha don't make me laugh, why they do you think they didn't deposit $250,000.00 instead??
They're just playing on this really tiny account fooling people & makings sales for a while as long as Market doesn't range
in a way that this useless EA will hit 40 SLs in a row or so, it's already losing though but a much worse scenario is yet to be seen.
Only vendor will make money here in the long run as usual.
# Gain: +771.47% -> "sure", half of the profits were made just with a lucky start that hardly will repeat and was made on an insignificant account size, profits like this are common on insignificant account sizes, when far much more money is involved I'd like to see... You'll probably end up being the feed for big traders in opposite positions 😈.
So, my message to the vendors/scammers of this buggy EA:
Right!
They started in the best moment of this EA with:
0.1L / 250$ = 40% per trade! 😲
Try starting on May 2011 with such risk and five open trades 🙄
One wonders if there aren't other $250 accounts like this, but less lucky and unpublished.
Backtest shows EA often loses or becomes not so profitable in the long term if compounded.
In fact... The risk is always the same or slightly more (0.12L), while the drawdown is growing.
They don't rely money management to the robot. They are skipped from 0.10 to 0.12 manually 😉
Why?
FGB optimization is a lottery and you have to wait several months to know if you have the winning ticket.
Is the game worth the candle?
Membre depuis Dec 20, 2010
posts 107
Jun 14, 2011 at 20:59
(édité Jun 14, 2011 at 20:59)
The robots up 771%... your saying the first 40% is lucky? Sure lets say it was what about the 731 % thereafter? Please stop bad mouthing this EA. And go find something better to do.
The back tests ACTUALLY match the EA. If you look historically it has lost trades in a series, and then grew the account again.
History is no different the back tests are being repeated.
Unfortuantely sometimes there are losses get over yourself. Everything is a scam if it wins, and everything's a scam when it loses.. find something better to do.
The back tests ACTUALLY match the EA. If you look historically it has lost trades in a series, and then grew the account again.
History is no different the back tests are being repeated.
Unfortuantely sometimes there are losses get over yourself. Everything is a scam if it wins, and everything's a scam when it loses.. find something better to do.
forex_trader_12567
Membre depuis May 29, 2010
posts 258
Jun 14, 2011 at 21:40
wew. finallly fxgrowthbot take a speech.. :)
