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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 14, 2011 at 22:27
Scam? Where I wrote this?
Backtest match?
11.04.2010 13:00 - 11.09.2010 10:00 +342.8 pips (+68.30%) 4 days
11.18.2010 15:15 - 12.01.2010 08:15 +529.6 pips (+105.53%) 12 days
Once trade at times! Nothing pyramid.
The EA has trades 0.05L with $250 equity (20% stake), where you total bank roll is 500 pips!
Who would want to follow this money managment example, applying the same risk and starting in May 27, 2011 would have been:
05.27.2011 03:45 - 05.27.2011 09:00 -56.6 -67.92 5h 15m
05.27.2011 04:00 - 05.27.2011 09:00 -56.0 -67.20 5h 0m
05.26.2011 15:00 - 05.26.2011 16:45 -27.3 -32.76 1h 45m
05.20.2011 14:15 - 05.20.2011 16:45 -47.9 -57.48 2h 30m
05.20.2011 14:30 - 05.20.2011 16:45 -43.3 -51.96 2h 15m
05.20.2011 14:45 - 05.20.2011 16:30 -52.8 -63.36 1h 45m
05.20.2011 15:00 - 05.20.2011 15:45 -40.4 -48.48 0h 45m
Seven losses in a row.
Total = -389,16 pips (-77,83%)
OK, the EA will recover in the long term... Unless you stick 1668.30 pips in a row of seven trades as it did in November 2010 (and coincidentally with the first seven overtrading) and has not repeated.
if you don't believe: adjust the current trading at the same initial risk and let's see what happens.
Actual Equity is: $2228.36 till now.
You are trading with 0.12L.
Thereafter, continues to play consistently with compounded risk as start and see how your BT correspond.
0.05 : 250 = X : 2228.36
X=??? ------------> 0,45L
This is what I said ... nothing more.
The overtrading gave a strong initial push to the robot (undeniable), but it is not easily repeatable without burning some little account...
I never said that FGB is scam, in fact I think it is a good EA but it could remain stalled for several months...
This is a place for discussion, if you agree to publish your results, you should also accept a confrontation... It's too easy reply objections with: "find something better to do" ... Just because you have no coherent arguments.
Discussion helps to understand. Here there are people who spent money and risks in trading and confide in this EA ... Don't think EA don't need improvements.
Backtest match?
11.04.2010 13:00 - 11.09.2010 10:00 +342.8 pips (+68.30%) 4 days
11.18.2010 15:15 - 12.01.2010 08:15 +529.6 pips (+105.53%) 12 days
Once trade at times! Nothing pyramid.
The EA has trades 0.05L with $250 equity (20% stake), where you total bank roll is 500 pips!
Who would want to follow this money managment example, applying the same risk and starting in May 27, 2011 would have been:
05.27.2011 03:45 - 05.27.2011 09:00 -56.6 -67.92 5h 15m
05.27.2011 04:00 - 05.27.2011 09:00 -56.0 -67.20 5h 0m
05.26.2011 15:00 - 05.26.2011 16:45 -27.3 -32.76 1h 45m
05.20.2011 14:15 - 05.20.2011 16:45 -47.9 -57.48 2h 30m
05.20.2011 14:30 - 05.20.2011 16:45 -43.3 -51.96 2h 15m
05.20.2011 14:45 - 05.20.2011 16:30 -52.8 -63.36 1h 45m
05.20.2011 15:00 - 05.20.2011 15:45 -40.4 -48.48 0h 45m
Seven losses in a row.
Total = -389,16 pips (-77,83%)
OK, the EA will recover in the long term... Unless you stick 1668.30 pips in a row of seven trades as it did in November 2010 (and coincidentally with the first seven overtrading) and has not repeated.
if you don't believe: adjust the current trading at the same initial risk and let's see what happens.
Actual Equity is: $2228.36 till now.
You are trading with 0.12L.
Thereafter, continues to play consistently with compounded risk as start and see how your BT correspond.
0.05 : 250 = X : 2228.36
X=??? ------------> 0,45L
This is what I said ... nothing more.
The overtrading gave a strong initial push to the robot (undeniable), but it is not easily repeatable without burning some little account...
I never said that FGB is scam, in fact I think it is a good EA but it could remain stalled for several months...
This is a place for discussion, if you agree to publish your results, you should also accept a confrontation... It's too easy reply objections with: "find something better to do" ... Just because you have no coherent arguments.
Discussion helps to understand. Here there are people who spent money and risks in trading and confide in this EA ... Don't think EA don't need improvements.
Membre depuis Dec 20, 2010
posts 107
Jun 15, 2011 at 01:20
Hi Ermes,
I apologize for my haste.. i retract what i said. I didn't mean it the way I said it. As there's many people out there who go on and say insulting statements with no base. I understand what you are saying, we did increase the risk on the lots, users do NOT need to elevate risk like we did ( in the beginning ).. as the account hit gains of 40% we lowered risk to normal and tried to stick with .05 lots per 1,000. So from there on out we used normal risk and still made good gains.
Yes it would have blown an account with .05 at $250, normally at $250, we recommend .01 - .02 lots.
I apologize for my haste.. i retract what i said. I didn't mean it the way I said it. As there's many people out there who go on and say insulting statements with no base. I understand what you are saying, we did increase the risk on the lots, users do NOT need to elevate risk like we did ( in the beginning ).. as the account hit gains of 40% we lowered risk to normal and tried to stick with .05 lots per 1,000. So from there on out we used normal risk and still made good gains.
Yes it would have blown an account with .05 at $250, normally at $250, we recommend .01 - .02 lots.
Jun 15, 2011 at 07:09
fxgrowthbot posted:
Hi Ermes,
I apologize for my haste.. i retract what i said. I didn't mean it the way I said it. As there's many people out there who go on and say insulting statements with no base. I understand what you are saying, we did increase the risk on the lots, users do NOT need to elevate risk like we did ( in the beginning ).. as the account hit gains of 40% we lowered risk to normal and tried to stick with .05 lots per 1,000. So from there on out we used normal risk and still made good gains.
Yes it would have blown an account with .05 at $250, normally at $250, we recommend .01 - .02 lots.
Hi fxgrowthbot,
Don't worry. I even apologize cause I didn't have explained well at all since my first post.
FGB is a very good EA and this is very rare. There are many scammers around who feed on people's dreams. I know it's not your case.
Membre depuis Dec 20, 2010
posts 107
Jun 15, 2011 at 18:30
Thanks, we had a great day today.
forex_trader_12567
Membre depuis May 29, 2010
posts 258
Jun 16, 2011 at 06:35
hahahaha... all of us become more confident with this EA, no more argue.. let time prove it...
forex_trader_38776
Membre depuis Jun 10, 2011
posts 26
Jun 16, 2011 at 12:29
Anyone know how to change lotsize from 0.1 to 0.12 as the result is pretty well yesterday. I tried to change but unsuccessful.
I'm just a newbie and pls help me.
I'm just a newbie and pls help me.
Membre depuis Dec 20, 2010
posts 107
Jun 16, 2011 at 13:38
It's in the expert settings. to change lot size
forex_trader_38776
Membre depuis Jun 10, 2011
posts 26
Jun 16, 2011 at 14:35
fxgrowthbot posted:
It's in the expert settings. to change lot size
I did double clicks, Expert Advisor from Navigator and Forexgrowthbot, and choose Input ,and change lotsize from 0.1 to 0.12. But after i pressed "OK" i still saw only 0.1 lot size.
Pls advise.
Membre depuis Dec 20, 2010
posts 107
Jun 16, 2011 at 18:21
some brokers do not work with the robot to do partial lots.. we are working on it.
forex_trader_38776
Membre depuis Jun 10, 2011
posts 26
Jun 17, 2011 at 12:18
krana posted:
can any one share the number of pips in the last 6 to 8 trades the system made. i am trying to compare my results as they are different from the ones published here.
I used thinkforex live account and it's almost same with their offical account "http://www.myfxbook.com/members/fxgrowthbot/forex-growth-bot/71611"
Jun 17, 2011 at 19:52
Regards the sending out signals executed by EA on clients acc. there raises another interesting question: Where is the creator located?
In some countries you have to check if it is legal. Because if you use the signal system you are giving or renting financial advise. In most countries you need a banking license.
In some countries you have to check if it is legal. Because if you use the signal system you are giving or renting financial advise. In most countries you need a banking license.
Membre depuis Jan 29, 2011
posts 56
Jun 18, 2011 at 04:37
im going to refund this bot..hope they will accept it...
forex_trader_8139
Membre depuis Mar 04, 2010
posts 411
Jun 18, 2011 at 05:24
budakgetah86 posted:
im going to refund this bot..hope they will accept it...
Hi,
May i know what is the reason?
Thanks.
Regards,
SIM
