Forex Growth Bot

Gain : +2644.71%
Drawdown 94.46%
Pips: 8075.5
Trades 2881
Won:
Lost:
Type: Real
Leverage: 1:200
Trading: Automated

Forex Growth Bot Discussion

Dec 20, 2010 at 23:46
254,512 Views
3,525 Replies
Member Since Jul 03, 2010   12 posts
Jul 05, 2011 at 20:40

Attachments:

Member Since Dec 08, 2010   66 posts
Jul 06, 2011 at 01:52
my ea closed trades at 1.44417 when the EA here closed it at 1.4415 any one else had the same issue ?
Member Since Jul 03, 2010   12 posts
Jul 06, 2011 at 08:50
After many back test with any brokers, the good results become when the spread is 0.1 0.5 max. in EURUUSD.
This results in triple-time account of 6 months with a moderate risk factor. If using money management according to the progressive gains the result can still be double the benefit.
I encourage the developer of this excellent bot offer this option button to increase lot as you rise in revenue account under moderate risk.
The bot has not yet offered good results from 1999 to 2005 even with the best spread. This simple fact makes us know that in any case have to be careful, especially now that the market is too volatile.
I do not recommend using the bot to spread over 0.6. I have not done changing the default back test settings, and are very good!
From my point of view the designer of this bot punctuation deserve the best, thanks for sharing
Member Since Jul 03, 2010   12 posts
Jul 06, 2011 at 08:52
Did you play Alpary Demo Contest. This is my result now:

http://www.myfxbook.com/members/rafaellean/alpari-uk-demo-contest-rafaellean/131140

still time if you wish to participate:
http://www.alpari.co.uk/en/contest/?utm_source=alpari-mail&utm_medium=email&utm_campaign=top_trader_en_06_11

I only use in the present manual trading, never bots!

Member Since May 26, 2011   5 posts
Jul 06, 2011 at 14:55 (edited Jul 06, 2011 at 14:56)
Good trades today
Member Since Apr 02, 2011   9 posts
Jul 06, 2011 at 23:38
Yep. Great Day !

So far i'm very pleased with FGB. My demo acc seems to follow this one.

https://www.myfxbook.com/portfolio/forex-growth-bot-think-forex/124133

Can't wait to go live.
forex_trader_12567
Member Since May 29, 2010   258 posts
Jul 07, 2011 at 00:10

Kilwaxoni posted:
Yep. Great Day !

So far i'm very pleased with FGB. My demo acc seems to follow this one.

https://www.myfxbook.com/portfolio/forex-growth-bot-think-forex/124133

Can't wait to go live.


you have better statement than owner dude. a few manually closed? or different settings? would you mind to share it here?
Member Since Apr 02, 2011   9 posts
Jul 07, 2011 at 01:45

aryaforex posted:

you have better statement than owner dude. a few manually closed? or different settings? would you mind to share it here?


That's default settings.

First of all i started trading 0.30 lots instead of 0.03 (Only the 2 first trades) One trade made me 200 bucks.

I only closed one trade manually by mistake. (made 3 pip)

And sometimes, like one per week, i got a trade comming out of nowhere. Mostly pretty cool winners. But except this, all my trades follows the owner account.

Hope it can help !

Member Since Dec 08, 2010   66 posts
Jul 07, 2011 at 03:41
my EA did not give me the 97 pip trade today and it closed it at 56 pips.. i am confused as to how its different from yours and the FGB account here. I have asked FGB but no response.

whats are your profit targets and stop loss ratio.. the standard is .5 and .2

i have increased my SL to .25 so i do not get taken out on a few pips here and there.

Please share your setting
Kilwaxoni posted:

aryaforex posted:

you have better statement than owner dude. a few manually closed? or different settings? would you mind to share it here?


That's default settings.

First of all i started trading 0.30 lots instead of 0.03 (Only the 2 first trades) One trade made me 200 bucks.

I only closed one trade manually by mistake. (made 3 pip)

And sometimes, like one per week, i got a trade comming out of nowhere. Mostly pretty cool winners. But except this, all my trades follows the owner account.

Hope it can help !


Member Since Mar 08, 2011   51 posts
Jul 07, 2011 at 04:25
Making SL:0.3 and TP:0.7 gives much better results. Tested on live and tests.
Member Since Mar 04, 2011   286 posts
Jul 07, 2011 at 06:29

krana posted:
my EA did not give me the 97 pip trade today and it closed it at 56 pips.. i am confused as to how its different from yours and the FGB account here. I have asked FGB but no response.

whats are your profit targets and stop loss ratio.. the standard is .5 and .2

i have increased my SL to .25 so i do not get taken out on a few pips here and there.

Please share your setting
Kilwaxoni posted:

aryaforex posted:

you have better statement than owner dude. a few manually closed? or different settings? would you mind to share it here?


That's default settings.

First of all i started trading 0.30 lots instead of 0.03 (Only the 2 first trades) One trade made me 200 bucks.

I only closed one trade manually by mistake. (made 3 pip)

And sometimes, like one per week, i got a trade comming out of nowhere. Mostly pretty cool winners. But except this, all my trades follows the owner account.

Hope it can help !





No need to worry as i always said different brokers give different results.
Just count your profit at the end Its a long term EA.

Spread, latency, disconnection of meta trader effect the trading results.

I prefer to go with default setting and if possible go with VPS low spread broker to get better results. also check ping for the latency.
Member Since Dec 08, 2010   66 posts
Jul 07, 2011 at 12:11

Pakfx posted:

krana posted:
my EA did not give me the 97 pip trade today and it closed it at 56 pips.. i am confused as to how its different from yours and the FGB account here. I have asked FGB but no response.

whats are your profit targets and stop loss ratio.. the standard is .5 and .2

i have increased my SL to .25 so i do not get taken out on a few pips here and there.

Please share your setting
Kilwaxoni posted:

aryaforex posted:

you have better statement than owner dude. a few manually closed? or different settings? would you mind to share it here?


That's default settings.

First of all i started trading 0.30 lots instead of 0.03 (Only the 2 first trades) One trade made me 200 bucks.

I only closed one trade manually by mistake. (made 3 pip)

And sometimes, like one per week, i got a trade comming out of nowhere. Mostly pretty cool winners. But except this, all my trades follows the owner account.

Hope it can help !





No need to worry as i always said different brokers give different results.
Just count your profit at the end Its a long term EA.

Spread, latency, disconnection of meta trader effect the trading results.

I prefer to go with default setting and if possible go with VPS low spread broker to get better results. also check ping for the latency.



I completely understand that we can have different results. I have been using VPS and think forex and pretty much tested on 5 differnt brokers. but my result is not matching the latest 94 pips runs they had .. I should have the same result as i am on the same broker. Thus trying to find ways to improve. :)
Member Since Dec 08, 2010   66 posts
Jul 07, 2011 at 12:37

pianosso posted:
Making SL:0.3 and TP:0.7 gives much better results. Tested on live and tests.


Do you mind sharing your results.

Thanks.
Member Since Apr 02, 2011   9 posts
Jul 07, 2011 at 13:03 (edited Jul 07, 2011 at 13:05)

krana posted:
my EA did not give me the 97 pip trade today and it closed it at 56 pips.. i am confused as to how its different from yours and the FGB account here. I have asked FGB but no response.

whats are your profit targets and stop loss ratio.. the standard is .5 and .2

i have increased my SL to .25 so i do not get taken out on a few pips here and there.

Please share your setting



Like i said it's all default ! I didn't touch to anything except lotsize. I'm on thinkforex.


Pakfx posted:

No need to worry as i always said different brokers give different results.
Just count your profit at the end Its a long term EA.

Spread, latency, disconnection of meta trader effect the trading results.

I prefer to go with default setting and if possible go with VPS low spread broker to get better results. also check ping for the latency.



Do you know how to check the latency between your MT4 & Broker server ? Thanks !
Member Since Mar 08, 2011   51 posts
Jul 07, 2011 at 14:10

krana posted:

pianosso posted:
Making SL:0.3 and TP:0.7 gives much better results. Tested on live and tests.


Do you mind sharing your results.

Thanks.


I do not have time to retest the setting and post images. It is a thing that everybody could, including you. Use default settings except 0.7 and 0.3. It's fun...
Member Since Mar 31, 2010   79 posts
Jul 07, 2011 at 15:17 (edited Jul 07, 2011 at 15:17)
pianosso,

sl and tp can be set in power version
do you use power version?
Member Since Mar 04, 2011   286 posts
Jul 07, 2011 at 15:31
Yes in power and advance ver you can set sl & tp.

and to check latency you have to ping to your server ip on command prompt.. the time it shows is your latency.
like some brokers give 5
and if we check in our desktop system it shows more then 100ttl etc..

..
Member Since Mar 04, 2011   286 posts
Jul 07, 2011 at 15:44
try this setting in your power and advance ver. also share your result please.

FVB = 7
SVB = 80
Vfactor = 1.5

Tp = 0.7
Sl = 0.3

Happy trading.
Member Since Jul 03, 2010   12 posts
Jul 07, 2011 at 16:06
Power settings, this is back test from a year with IamForex


Attachments:

Member Since Jun 22, 2011   70 posts
Jul 07, 2011 at 17:18

Pakfx posted:
try this setting in your power and advance ver. also share your result please.

FVB = 7
SVB = 80
Vfactor = 1.5

Tp = 0.7
Sl = 0.3

Happy trading.




Great settings ;-)
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.