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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
Member Since Jun 06, 2011
7 posts
Sep 08, 2011 at 06:57
This thing just continues it's slide into the abyss. Sad... I thought that for once the commercial EA industry would for once provide something of value to it's customers, but it appears that it's just business as usual.
I've read through most of the thread, and I've been trading for many, many years. You have ups and downs, but if my equity curve went straight down for the past month, wiping out a quarter of my account, I'd have to be comatose to let it continue.
I've read through most of the thread, and I've been trading for many, many years. You have ups and downs, but if my equity curve went straight down for the past month, wiping out a quarter of my account, I'd have to be comatose to let it continue.
Member Since Aug 16, 2010
450 posts
Sep 08, 2011 at 07:36
It made me money again. If you care to put at least a trail stop on this bot it will be making money constantly instead of losing it. Market has changed since they started it and moves are less sustainable prone to reverse faster. Bot still gives great entries and actually now enters on a pull back which is great, but just lacks exit mechanism. But it is easy to fix.
Sep 08, 2011 at 07:43
fxmiami posted:
Basic Version:
Fast Vol=5
Slow Vol=89
Vol factor=1
July / August, attached are the results.
yes i use that setting before but its not for long term i have noticed that if the default setting start losing then this custom setting will work for you
but to ensure your profit use trail stop EA. with fgb that will be more profitable
forex_trader_41933
Member Since Jul 16, 2011
31 posts
Sep 08, 2011 at 09:06
Morning there, someone could please post a default setting with a correct trailing stop and trainingipips?
I am a foreigner i studied the manual, BUT
every time i try to understand how it works the trailingpips and trail profit target, a mess arrives..
So someone could it be so kind, to give me an example?
One doubti from me is:
May i use trail profit target AND trailpips TOGEther, to have a working trailing stop?
OR
May i use One of them?
in my BT, the more i try to play with these more mess came up...
So i need a bit of help from you.. always if you want...
P.s.
Don't tell me use an external trailing robot... i tried already, i put the to 1 the command that leave the control to another Ea, and i tried to use the bot...
The result were ugly, the robot, if you made a trade of 0.04, sometimes switched a trade to 0.02, more times, it opened in controvolatilty trend, sometimes (always version 1.6 i am spoken about) opened with a lot double o tripled of what i choose.
Yes, it happened in the past and it happened to me againg with the 1.6 version....
SO i wish an advice about it
I am a foreigner i studied the manual, BUT
every time i try to understand how it works the trailingpips and trail profit target, a mess arrives..
So someone could it be so kind, to give me an example?
One doubti from me is:
May i use trail profit target AND trailpips TOGEther, to have a working trailing stop?
OR
May i use One of them?
in my BT, the more i try to play with these more mess came up...
So i need a bit of help from you.. always if you want...
P.s.
Don't tell me use an external trailing robot... i tried already, i put the to 1 the command that leave the control to another Ea, and i tried to use the bot...
The result were ugly, the robot, if you made a trade of 0.04, sometimes switched a trade to 0.02, more times, it opened in controvolatilty trend, sometimes (always version 1.6 i am spoken about) opened with a lot double o tripled of what i choose.
Yes, it happened in the past and it happened to me againg with the 1.6 version....
SO i wish an advice about it
Sep 08, 2011 at 19:02
Im suprised to see that there are still some morons here glorifying this system by attacking to those who are naturally pissed with it. In my 10 years of trading life Ive never seen people glorifying a system which has been taking 100s of losses in a row (im not counting those single wins every once in a blue moon), unless ofcourse they are related with the developers. This system has died. Finished. Morte. Markets change and BOT systems CANNOT adopt. Usual business. No need still trying to go crazy about pushing THIS system, like its any different. Get your heads above the ground. End of story like 10000s of others
Sep 08, 2011 at 19:25
perkcem posted:
Im suprised to see that there are still some morons here glorifying this system by attacking to those who are naturally pissed with it. In my 10 years of trading life Ive never seen people glorifying a system which has been taking 100s of losses in a row (im not counting those single wins every once in a blue moon), unless ofcourse they are related with the developers. This system has died. Finished. Morte. Markets change and BOT systems CANNOT adopt. Usual business. No need still trying to go crazy about pushing THIS system, like its any different. Get your heads above the ground. End of story like 10000s of others
Really? I am not surprised you have this opinion though. Statistically speaking, you would be correct on pretty well every EA ever made. This one has a great deal of tweak-ability. Maybe it is just that God blesses me, and that is why my FGB is doing so well.
So..just for the sake of provoking thought on the subject.... If you are wrong and the FGB is still a viable EA, then there should be others here who are making so winning trades with it. On the other hand, if you are right, then the only plausible explanation left for why I continue to gain is that God is blessing me. There is a third possibility. What if you have been burned too many times and are now blinded to the possibility that this EA is capable of being tweaked to be continually relevant to the current markets, and God has given me the wisdom to see how it can be tweaked to be profitable?
That is all speculation though. I know God is guiding me and making me profitable.
Sep 08, 2011 at 20:40
EA's always have to be tweaked. That is the nature of them. In order for them to reflect the underlying market, you must tweak. How do you do that? There are various methods, but most professionals advise you to re-test every 2-3 months to reflect the new market conditions.
Yes you can leave as is, and if it has been back-tested for 10 years, then overall you should come out fine, but if you want even more perfect results, tweaking is the only way.
Fughe has mentioned countless times that he does not want to share his settings. I can get that. In order to tweak you can spend hundreds of hours running tests besides the cost of the servers you are running them on. So there is a tremendous amount of work involved.
Its probably better for you to learn how to tweak yourself anyway. As the expression goes, give a man a fish, he will live for a day, teach him to fish, he can live a life time (or something like that) so best is to just learn how to tweak, and it really isnt that difficult.
Yes you can leave as is, and if it has been back-tested for 10 years, then overall you should come out fine, but if you want even more perfect results, tweaking is the only way.
Fughe has mentioned countless times that he does not want to share his settings. I can get that. In order to tweak you can spend hundreds of hours running tests besides the cost of the servers you are running them on. So there is a tremendous amount of work involved.
Its probably better for you to learn how to tweak yourself anyway. As the expression goes, give a man a fish, he will live for a day, teach him to fish, he can live a life time (or something like that) so best is to just learn how to tweak, and it really isnt that difficult.
Sep 08, 2011 at 20:47
perkcem posted:
fughe you had your medications today my friend? 😄
it is marketed and sold to make money AS IS. Period. If I need to play with it everyday cut here and there to make pretty for the groom, then its NOT a winning system anymore
Ahhhh.... I see. You are referring to stock settings only. If I was to use stock settings only, then I would agree with you. FGB currently sucks if you are only allowed to use the stock settings.
Well......if you go by that, then technically, manually traded systems are the same. The only one not being boxed in by this rigid logic system being bank order flow.
Sep 08, 2011 at 21:06
fughe posted:
perkcem posted:
Im suprised to see that there are still some morons here glorifying this system by attacking to those who are naturally pissed with it. In my 10 years of trading life Ive never seen people glorifying a system which has been taking 100s of losses in a row (im not counting those single wins every once in a blue moon), unless ofcourse they are related with the developers. This system has died. Finished. Morte. Markets change and BOT systems CANNOT adopt. Usual business. No need still trying to go crazy about pushing THIS system, like its any different. Get your heads above the ground. End of story like 10000s of others
Really? I am not surprised you have this opinion though. Statistically speaking, you would be correct on pretty well every EA ever made. This one has a great deal of tweak-ability. Maybe it is just that God blesses me, and that is why my FGB is doing so well.
So..just for the sake of provoking thought on the subject.... If you are wrong and the FGB is still a viable EA, then there should be others here who are making so winning trades with it. On the other hand, if you are right, then the only plausible explanation left for why I continue to gain is that God is blessing me. There is a third possibility. What if you have been burned too many times and are now blinded to the possibility that this EA is capable of being tweaked to be continually relevant to the current markets, and God has given me the wisdom to see how it can be tweaked to be profitable?
That is all speculation though. I know God is guiding me and making me profitable.
fughe, are you the hidden owner of FGB? Unfortunately, perkcem is right....
Sep 08, 2011 at 21:24
(edited Sep 08, 2011 at 21:29)
mcymcy posted:
fughe, are you the hidden owner of FGB? Unfortunately, perkcem is right....
Heheheh...i wish! If I was I would have coded my trailing concept into the EA. As of yet, there is no EA that does exactly type of trail that the FGB needs. Plus the way FGB is coding....I don't think an EA can perform the concept properly unless fgb were to be re-coded to allow for it.
Anyway...no, unfortunately I am not the owner. If i were, there would be a live account posted and the setting would regularly be readjusted to update it to the current market conditions, and anyone wanting these updates, would be paying a monthly subscription....not a huge monthly fee, but maybe...$20/month. For the amount of work required, that is quite reasonable. I have spent probably 100 hours to get my settings the way they are, and in respect to a $20/month fee ....I don't anyone who would work 100 hours for $20.
Oh yeah....i would also fix that stupid bug that causes the lot size to be randomly multiplied. It isn't as bad as it used to be, but it is still there.
One more thing real quick.... If you are a purist and believe an EA should always work in every market condition throughout all space and time.....then stop trying to trade EAs. You will never find one that does. If you are like me and believe that EAs are a trading tool to be used at the discretion of the trader, then you will find a few EAs that are worth running on a live account.
The only way you will ever get totally automated trading that works is with institutional high-frequency trading via a mainframe to market connection. If you are very rich, you already know this.
Member Since Jul 06, 2011
80 posts
Sep 09, 2011 at 02:01
Well said, Fughe.. There is no "Holy Grail" EA out there unless you are a huge wealthy investor that pays someone to update it for you.. I'm finding that one must take the time to learn to adjust the settings or.. chuck it in the bin & keep trying the latest "Dominator".. "Pip Stealer" or whatever else they call the newest re-packaged software.
I'd be happy if you were the owner, Fughe, & willingly pay the $20 a month as a modest business expense considering the profits gained & I hope to learn more from your posts.
I'd be happy if you were the owner, Fughe, & willingly pay the $20 a month as a modest business expense considering the profits gained & I hope to learn more from your posts.
Member Since Jan 20, 2011
18 posts
Sep 09, 2011 at 04:51
Fughe. how to get your settings?.. Please give latest performance statement link. if I satisfied, I will pay you. how to pay?. please give all info's. my email [email protected]
Member Since Aug 16, 2010
450 posts
Sep 09, 2011 at 07:00
Fughe is right 100%. Although I am still very happy with most entries FGB makes and use actually a copier, so it is vanilla default settings that FGB team uses. I just manage my trades according to market, support and resistance, time of day, daily range etc.
Sep 09, 2011 at 07:59
stoneflash posted:
Well said, Fughe.. There is no "Holy Grail" EA out there unless you are a huge wealthy investor that pays someone to update it for you.. I'm finding that one must take the time to learn to adjust the settings or.. chuck it in the bin & keep trying the latest "Dominator".. "Pip Stealer" or whatever else they call the newest re-packaged software.
I'd be happy if you were the owner, Fughe, & willingly pay the $20 a month as a modest business expense considering the profits gained & I hope to learn more from your posts.
There are Holy Grails but you never hear about them cos they are never sold.. Check out my trade history here as proof http://www.mediafire.com/?8zy9173thhnbnnb . Cheers mate :)
Sep 09, 2011 at 08:43
I lost 100's pips coz the bot lost controls of the existing trades. it it so hard to implemented better trailing and trade management for a commercial EA with such wide user base? i saw better trade management in free EAs. it is costing $$$ for people put trust and faith in them. what a shame.
Member Since Oct 28, 2009
1409 posts
Sep 09, 2011 at 08:49
(edited Sep 09, 2011 at 08:51)
Firstly, I'll say that I am not affiliated with FGB in any way. I do however use it.
I've attached a copy of the backtest from February 2007 to beginning June 2007. As you can see the EA pretty much lost for three months solid. Would you have stopped trading it here? If so you would have missed out on all the months after this date where it pretty much won solidly?
It's easy to discard something with the comment "The market has changed" but how has it changed? Why has it changed? And is it permanent?
If it has changed and it's permanent then where does that leave us? If we analyse that comment and believe it then that in effect means that we should discard the results of any backtests other than short term backtests that perform well under this new "paradigm" - a period of history which is far too short to base a solid trading strategy on.
And yes, this applies both to automated and backtested manual strategies.
I've attached a copy of the backtest from February 2007 to beginning June 2007. As you can see the EA pretty much lost for three months solid. Would you have stopped trading it here? If so you would have missed out on all the months after this date where it pretty much won solidly?
It's easy to discard something with the comment "The market has changed" but how has it changed? Why has it changed? And is it permanent?
If it has changed and it's permanent then where does that leave us? If we analyse that comment and believe it then that in effect means that we should discard the results of any backtests other than short term backtests that perform well under this new "paradigm" - a period of history which is far too short to base a solid trading strategy on.
And yes, this applies both to automated and backtested manual strategies.
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