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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 Oct 05, 2012
38 posts
Dec 02, 2013 at 16:39
balivilla posted:
Does anybody think it is a good time to start trading with this EA?
it depends how much you want to lose right now.
I would not trade this EA unless the equity curve has recovered the whole drawdown. Even that; I will not trade it; because the fact it did have this major drawdown; it menas it is likely it will happen again.
forex_trader_149646
Member Since Sep 09, 2013
406 posts
Dec 03, 2013 at 06:33
Please vote on this feature - http://www.myfxbook.com/community/suggestion-box/vote-post-up/676520,1
This discussion is by far the largest with more information than most. By voting on this suggestion, we'd be able to read the top comments from this discussion without reading 350+ pages.
Thank you
This discussion is by far the largest with more information than most. By voting on this suggestion, we'd be able to read the top comments from this discussion without reading 350+ pages.
Thank you
Member Since Dec 30, 2013
3 posts
Dec 30, 2013 at 12:42
Is anyone still using the FGB EA? This EA has broken his Equity Curve long time ago and it seems that the strategy success is over...
Jan 02, 2014 at 02:52
It. didnt break anything. you should analyze the longer term backtest and realize that such a dd measured in pips should been expected to happen again. vendor was just luckily to overrisk this account for many months and dont get into deeper drawdown. of course it may continue and break the worst levels but it is still working within expectations i think.
Member Since May 08, 2012
316 posts
Jan 03, 2014 at 01:17
grgr posted:
...but it is still working within expectations i think.
Tell that to anyone that has started trading it over the past 2 years. If people are still buying this piece of shit, then you are correct that it is performing as expected...for the sellers.
Jan 03, 2014 at 02:46
You might be totally wrong. It has reached it's worst drawdown, just like it would in past years (you can backtest it). History likes to repeat itself. So there's a chance that it will bounce up again from this point. However, I'm not longer trading with FGB. Jumped to RV more than a year ago.
If "anyone" used the same risk setting like vendor of this, then he is in troubles, if he used proper risk, he would get lower drawdown, but also lower gains.
If "anyone" used the same risk setting like vendor of this, then he is in troubles, if he used proper risk, he would get lower drawdown, but also lower gains.
Member Since Oct 28, 2009
1409 posts
Jan 08, 2014 at 10:03
(edited Jan 08, 2014 at 10:04)
This is an interesting discussion. I still have the 10 year backtest in my strategic history and while the EA in backtest never suffered six losing months in a row before there are plenty of times early on where it lost 3 months in a row and then not long after did so again. Analysing the backtest history for a period from 1999 - 2001 shows that the EA performed far worse overall than it has here. You can see a snapshot of this attached.
Whether the EA will ever perform again remains to be seen. The main question to ask is whether you are prepared to accept the chance of sideways movement for years at a time. I think the key thing to learn here is to take a good hard look at the backtest data you generate and ask whether you are happy with every period of trading history that the backtest shows you, if similar patterns where to occur again.
I for one have moved on from using this EA.
Best regards Steve
Whether the EA will ever perform again remains to be seen. The main question to ask is whether you are prepared to accept the chance of sideways movement for years at a time. I think the key thing to learn here is to take a good hard look at the backtest data you generate and ask whether you are happy with every period of trading history that the backtest shows you, if similar patterns where to occur again.
I for one have moved on from using this EA.
Best regards Steve
Attachments:
Member Since Jun 17, 2010
24 posts
Jan 08, 2014 at 10:11
(edited Jan 08, 2014 at 10:11)
Steve,
Interesting comment. The next big conclusion from your backtest is that in a long period of time this strategy only yielded about 0.04%/month or 0.5% per year, which is pretty much uninteresting.
Interesting comment. The next big conclusion from your backtest is that in a long period of time this strategy only yielded about 0.04%/month or 0.5% per year, which is pretty much uninteresting.
forex_trader_108204
Member Since Jan 21, 2013
80 posts
Jan 10, 2014 at 18:40
many people stop using this EA - ForexgrowBot. Because good system must have selfoptimisation and try to learn at own trading from itself hystory. There intresting EA using correlations + 2 indicators + multipair:
Member Since Dec 17, 2011
74 posts
Mar 13, 2014 at 01:43
That a viscous fall on the equity curve. Wow, looks painful.
Member Since Jan 21, 2013
7 posts
Mar 16, 2014 at 07:53
etienne3d posted:
soon will not suffer any more. landing is near ;)
If it happens, at the end it will be a free trade.
Break even. Not bad.
Member Since May 08, 2012
316 posts
Mar 19, 2014 at 01:18
Singing...And now...The end is near...and so I face....the final curtain...
Member Since Apr 13, 2014
6 posts
Apr 14, 2014 at 08:16
unstable and risky appearance
Member Since Apr 05, 2014
2 posts
Apr 21, 2014 at 07:22
In the worst of the worst
Member Since Feb 22, 2012
2 posts
Apr 25, 2014 at 18:04
LianneWorlds posted:
unstable and risky appearance
Genius .. wow, how did you know that, you're the only person who see this as risky ... LOL ... LMAO
NicholasColling posted:
In the worst of the worst
Yes, mate, I feel so sorry about who used this EA ..
