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Forex Growth Bot
| Gain : | +2644.71% |
| Drawdown | 94.46% |
| Pips: | 8075.5 |
| Trades | 2881 |
| Won: |
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| Lost: |
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| Type: | Real |
| Leverage: | 1:200 |
| Trading: | Automated |
Forex Growth Bot Discussion
forex_trader_16671
Member Since Aug 13, 2010
28 posts
Aug 31, 2011 at 11:51
Thank you very much ProbabilityFX. Can you tell us please which are your modified settings and which is the logic of it?
forex_trader_12567
Member Since May 29, 2010
258 posts
Aug 31, 2011 at 12:08
mistificator posted:
Someone's end is always another one's beginning. FGB works just fine, all you need to do is to recognize the market, switch off when conditions are horrible, and use BE and TS based on market conditions. And it will make money. Last two weeks for me 280 pips. Reference account -550. Not sure what they do with trade copier which is supposed to have some manual intervention, it does not have any, but it is convenient to run at brokers with less favorable for FGB price feed.
mine, Aug 17 - Aug 31 (2 weeks), i've got net pips 201. lucky you... could you share your success here :)
Member Since Aug 16, 2010
450 posts
Aug 31, 2011 at 15:39
mentosan posted:
Thank you very much ProbabilityFX. Can you tell us please which are your modified settings and which is the logic of it?
No modifications - I get signals from the trade copier, so it is exactly as on their account. I just manage trades instead of letting it flow by itself. FGB's trade management approach is fine for a trending market, but we are in a chop shop for several month, trade without tight management is a catastrophe.
Member Since Aug 16, 2010
450 posts
Aug 31, 2011 at 15:41
aryaforex posted:
mistificator posted:
Someone's end is always another one's beginning. FGB works just fine, all you need to do is to recognize the market, switch off when conditions are horrible, and use BE and TS based on market conditions. And it will make money. Last two weeks for me 280 pips. Reference account -550. Not sure what they do with trade copier which is supposed to have some manual intervention, it does not have any, but it is convenient to run at brokers with less favorable for FGB price feed.
mine, Aug 17 - Aug 31 (2 weeks), i've got net pips 201. lucky you... could you share your success here :)
Just checking it and making decisions. I could be 40 pips more and had only 1 losing trade if only I cut it short, but it did look like further movement was possible. Still ok.
forex_trader_12567
Member Since May 29, 2010
258 posts
Aug 31, 2011 at 15:47
thanks.. back to manual.. like a car, manual transmission however still better than automatic transmission :)
Member Since Jul 04, 2011
27 posts
Sep 01, 2011 at 02:46
mistificator posted:
Someone's end is always another one's beginning. FGB works just fine, all you need to do is to recognize the market, switch off when conditions are horrible, and use BE and TS based on market conditions. And it will make money. Last two weeks for me 280 pips. Reference account -550. Not sure what they do with trade copier which is supposed to have some manual intervention, it does not have any, but it is convenient to run at brokers with less favorable for FGB price feed.
Amen. I've never posted on this thread just lurked. But I believe that FGB is a great robot but not really a "fully" automated robot. I let it enter trades and then baby sit it. I exit manually most of the trades that it opens. Result = 217 pips this past week.
Member Since Aug 16, 2010
450 posts
Sep 01, 2011 at 10:00
4 trades today. my 9 pips be backfired on me and I took only some 15 pips total, while market offered some 200 pips on these 4 trades :(
Member Since Aug 16, 2010
450 posts
Sep 01, 2011 at 10:01
but it happens. it will protect from other bad trades, while best momentum trades will go into profit without being stopped out
forex_trader_12567
Member Since May 29, 2010
258 posts
Sep 01, 2011 at 13:36
mistificator posted:
4 trades today. my 9 pips be backfired on me and I took only some 15 pips total, while market offered some 200 pips on these 4 trades :(
is some one have -149pips in a single order @1.4460 ???
Member Since Jul 04, 2011
27 posts
Sep 01, 2011 at 23:26
+55 pips today in one trade. FGB opened it and I closed it manually.
Member Since Oct 28, 2009
1409 posts
Sep 02, 2011 at 09:31
I suggest you run a backtest
1999 March, April, May - three losing months in a row followed by
1999, September, October, November - three losing months in a row followed by
2000, February, March, April - three losing months in a row followed by
2000, September, October, November - three losing months in a row followed by
2001, August, September, October - three losing months in a row followed by
2002, February, March, April - three losing months in a row followed by
2007, March, April, May - three losing months in a row
Those are just the periods that it lost three months in a row, there are also plenty of singular losing months and two months losing in a row.
Trading is a long term game of patience, belief and iron discipline. Although I guess if you've lost faith in this EA then you can always trawl the market of trash out there for something else that might work until it has a few losses and you lose confidence in it again.
1999 March, April, May - three losing months in a row followed by
1999, September, October, November - three losing months in a row followed by
2000, February, March, April - three losing months in a row followed by
2000, September, October, November - three losing months in a row followed by
2001, August, September, October - three losing months in a row followed by
2002, February, March, April - three losing months in a row followed by
2007, March, April, May - three losing months in a row
Those are just the periods that it lost three months in a row, there are also plenty of singular losing months and two months losing in a row.
Trading is a long term game of patience, belief and iron discipline. Although I guess if you've lost faith in this EA then you can always trawl the market of trash out there for something else that might work until it has a few losses and you lose confidence in it again.
Member Since Aug 16, 2010
450 posts
Sep 02, 2011 at 10:56
I find it works very well with manual interaction, but even 10-15 pips break even and some 15 pips trailing stop will ensure it will most likely have every month a winning one. So a basic trade management EA turns it around well.
Member Since Jul 06, 2011
80 posts
Sep 05, 2011 at 01:53
hey all..Who's the best broker found so far for trading FGB? Thanks..
Sep 05, 2011 at 02:39
stoneflash posted:
hey all..Who's the best broker found so far for trading FGB? Thanks..
Most true ECN brokers will be fine with the FGB since it is not a scalper. Avoid market maker type accounts at all costs. Matter of fact I would even go so far as to discourage STP accounts because the broker is affecting the price directly.
Member Since Aug 16, 2010
450 posts
Sep 05, 2011 at 07:22
You can use their copier off TF feed where it works best, and then you use copier on any MT4 broker you like with no worry about feed, manipulation etc
