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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 Dec 22, 2011
18 posts
Jun 19, 2012 at 15:43
My Honest Opinion: This EA is based on a Trend Following strategy. You will get a lot of small losses, but only one trend makes you recover all the losses and still get a profit. So, to know if this is a good EA or not, you must be willing to use it in 6-12 months, at minimum. And in my opinion, it's a good expert, as you can see in backtest and forward test.
And remember: always trade small and use money management, as the EA does. Until now, i got losses, but i have patience to wait for a good trend and make profit. As i do money management and i have other EA's in my portfolio, those losses don't hurt me at all.
If you bought the EA and you don't know the strategy the expert uses, or you don't like the strategy , don't blame the EA... blame yourself.
And remember: always trade small and use money management, as the EA does. Until now, i got losses, but i have patience to wait for a good trend and make profit. As i do money management and i have other EA's in my portfolio, those losses don't hurt me at all.
If you bought the EA and you don't know the strategy the expert uses, or you don't like the strategy , don't blame the EA... blame yourself.
forex_trader_29148
Member Since Feb 11, 2011
1768 posts
Jun 19, 2012 at 18:23
iamfxfapturbo posted:
My Honest Opinion: This EA is based on a Trend Following strategy. You will get a lot of small losses, but only one trend makes you recover all the losses and still get a profit. So, to know if this is a good EA or not, you must be willing to use it in 6-12 months, at minimum. And in my opinion, it's a good expert, as you can see in backtest and forward test.
And remember: always trade small and use money management, as the EA does. Until now, i got losses, but i have patience to wait for a good trend and make profit. As i do money management and i have other EA's in my portfolio, those losses don't hurt me at all.
If you bought the EA and you don't know the strategy the expert uses, or you don't like the strategy , don't blame the EA... blame yourself.
AMEN,TOTALLY AGREE
Member Since May 30, 2012
124 posts
Jun 19, 2012 at 18:55
Trend following systems rule!
until someone can prove otherwise
until someone can prove otherwise
Jun 22, 2012 at 09:50
iamfxfapturbo posted:
My Honest Opinion: This EA is based on a Trend Following strategy. You will get a lot of small losses, but only one trend makes you recover all the losses and still get a profit. So, to know if this is a good EA or not, you must be willing to use it in 6-12 months, at minimum. And in my opinion, it's a good expert, as you can see in backtest and forward test.
And remember: always trade small and use money management, as the EA does. Until now, i got losses, but i have patience to wait for a good trend and make profit. As i do money management and i have other EA's in my portfolio, those losses don't hurt me at all.
If you bought the EA and you don't know the strategy the expert uses, or you don't like the strategy , don't blame the EA... blame yourself.
I am also totally agree with your comment.
Can I ask what kind of money management do you use?
increases 0.05 for every $ 1000?
thanks
Member Since Dec 22, 2011
18 posts
Jun 22, 2012 at 14:37
Leogio71, pretty much that way. I have my own money management system, but for Forex Growth Bot, for every $1000, increase 0.05. If you feel that is too much, decrease to 0.04 or 0.03 lots.
Member Since Dec 22, 2011
18 posts
Jun 22, 2012 at 23:14
Thats's weird, because i have the same results as shown in FGB myfxbook page. Maybe could be your broker. I use Alpari UK.
Member Since Jan 14, 2010
411 posts
Jun 28, 2012 at 06:15
zyrt posted:
About once a week, I discover that FBG is not active due to license, so I have to open license manager and re activate
Is it normal?
I have bought it but (FBG advanced) but if I find an educated version, I will go for it!
"educated", it's a cracked or hacked version, a pirated copy!!
Jun 29, 2012 at 04:56
The last two times why you have to show to see out? Or that your no deal, we deal! Don't outside I suggest you to improve the, is to have to clinch a deal, our own manual liquidated, don't new warehouse. So our own risks can also control, and you in me after all unwind there will be something warehouse! The risk is more big!
Jun 29, 2012 at 18:52
So... What's everyone going to do here? This is a LOT of money to have out there over the weekend. I am a firm believer in not just leaving this bot alone and letting it do it's thing but if it opens down after the weekend we stand to lose quite a bit... Trying to get a bead on what everyone else's plans are.
Member Since Apr 09, 2012
9 posts
Jun 29, 2012 at 20:08
am1165 posted:
So... What's everyone going to do here? This is a LOT of money to have out there over the weekend. I am a firm believer in not just leaving this bot alone and letting it do it's thing but if it opens down after the weekend we stand to lose quite a bit... Trying to get a bead on what everyone else's plans are.
I do agree with you I decided to close manually the trades. Maybe that a bad idea but I think that one weakness of FGB is GAP after week end. o i prefer to close it manually
Jul 04, 2012 at 21:35
Lol, i disabled FGB after losses, then it recover (seems i'm brining unluck to everything i touch :p). However, the backtests with my broker results with +138 pips profit for last those days and previous month, while FGB (on thinkforex) has got in fact still loss.
Im confused, I'll better leave it as it is and let it work with my broker.
Im confused, I'll better leave it as it is and let it work with my broker.
