Forex Growth Bot Обсуждение

The review on Forex Peace Army is utter garbage. What this guy is confused about is many things. We have reinvest capital set to true.. which means that it increases the lot sizes as account grows. Thus, if the account reaches high numbers the lot sizes are much higher and can result in higher drawdowns. This is purely to show users what can be done. We ALWAYS recommend you to watch the trades and adjust lot sizes that best fit your account szie and your risk appetite. In the manual we state recommended lot sizes that are lower risk and do not have 50% drawdowns not even close.

On our live statement we did initally have a .05 lot on a $250 account which yes is high risk, but now that is no longer high risk due to the account size. 400 % a month is unrealistic without risk. We do not say on our website anywhere you will make a million dollars overnight.. it's just not possible. Realistically this robto can do well and is for many. One user contacted us with 30% gain in almost a month.. this isnt' 400%... but if you ask me 30% on a lower risk lot size.. is pretty damn good.

This person is a fear monger. There are too many scams out there and everyone is looking for a reason that this is fake... well i'm sorry but it's real. There will be losses and wins, this is life this is gambling. No robot or person can win every trade. This robot will lose, BUT we are confident it will be succeed in the long run. As we have shown.

Even someone here mentioned 'this is suspicious they aren't showing the broker!' please pull yourself together, that is utterly childish and ridiculous. We are in this business to help others make money and for us to make money. If we make great robots then you will come back for more. If we don't you won't. Our goal is to bring you back. We want to help people and that's why I'm writing this long response.

FEEL FREE TO ASK QUESTIONS.. E-MAIL US. This is a real robot.

fxgrowthbot posted:
    The review on Forex Peace Army is utter garbage. What this guy is confused about is many things. We have reinvest capital set to true.. which means that it increases the lot sizes as account grows. Thus, if the account reaches high numbers the lot sizes are much higher and can result in higher drawdowns. This is purely to show users what can be done. We ALWAYS recommend you to watch the trades and adjust lot sizes that best fit your account szie and your risk appetite. In the manual we state recommended lot sizes that are lower risk and do not have 50% drawdowns not even close.

On our live statement we did initally have a .05 lot on a $250 account which yes is high risk, but now that is no longer high risk due to the account size. 400 % a month is unrealistic without risk. We do not say on our website anywhere you will make a million dollars overnight.. it's just not possible. Realistically this robto can do well and is for many. One user contacted us with 30% gain in almost a month.. this isnt' 400%... but if you ask me 30% on a lower risk lot size.. is pretty damn good.

This person is a fear monger. There are too many scams out there and everyone is looking for a reason that this is fake... well i'm sorry but it's real. There will be losses and wins, this is life this is gambling. No robot or person can win every trade. This robot will lose, BUT we are confident it will be succeed in the long run. As we have shown.

Even someone here mentioned 'this is suspicious they aren't showing the broker!' please pull yourself together, that is utterly childish and ridiculous. We are in this business to help others make money and for us to make money. If we make great robots then you will come back for more. If we don't you won't. Our goal is to bring you back. We want to help people and that's why I'm writing this long response.

FEEL FREE TO ASK QUESTIONS.. E-MAIL US. This is a real robot.

The review on Forex Peace Army is Garbage? So to include more, did you just say that trading is gambling?

fxgrowthbot,

I'd like to add to your notes that results from eight years ago don't necessarily have anything to do with what's going on today. The bot may have had 32 loses in a row 8 years ago, but that doesn't mean it'll do the same today. gbp/usd does not behave today the way it behaved 8 years ago guys. We do backtesting to get a SENSE of what a robot can do. It's not a roadmap to the future. It's just a guide. I figure like this: If it fails in backtest, move on. If it succeeds in backtest, then we may have a chance for the future.

And i agree about this being gambling. How do all these people with their $250 accounts expect 'income' returns day in and day out? where else are you going to get more than 5% a year return? If you're expecting 30% a month, then expect some turbulence. This is not a ride without it's bumps.

I'm watching this Ea along with 6 others. I haven't come to any conclusions yet. But so far I like what i see here. When i feel comfortable enough I'll start trading it with a small amount. And see what happens then. So far I haven't seen what i see from some scam EAs, namely people reporting a complete different set of trades from their accounts versus what's posted on fxbook. That's a red flag, but this EA seems to be trading the same for everyone.

PRandell

Ben Smirt,

I agree with fxgrowthbot: It IS gambling. Wake up. Don't tell me you're naive enough to think this is investing. Or maybe it's like a job where you get paid for the hours you put in? You are GUESSING, for God's sake, where the currency pair is going to be in the near or distant future. You are betting your money that your guess is right. That's gambling. Or maybe you like the word speculating better? If you're looking for income money from the market, put your money in a nice cozy CD. You'll get your 5% a year. Maybe less. Not sure, i haven't checked lately. I can do that for you if you like.

PRandell

PRandell posted:
    Ben Smirt,

I agree with fxgrowthbot: It IS gambling. Wake up. Don't tell me you're naive enough to think this is investing. Or maybe it's like a job where you get paid for the hours you put in? You are GUESSING, for God's sake, where the currency pair is going to be in the near or distant future. You are betting your money that your guess is right. That's gambling. Or maybe you like the word speculating better? If you're looking for income money from the market, put your money in a nice cozy CD. You'll get your 5% a year. Maybe less. Not sure, i haven't checked lately. I can do that for you if you like.

PRandell

It is only those who dont know the Technicality of forex that calls it gambling

Tradingcompany posted:
    

PRandell posted:
    Ben Smirt,

I agree with fxgrowthbot: It IS gambling. Wake up. Don't tell me you're naive enough to think this is investing. Or maybe it's like a job where you get paid for the hours you put in? You are GUESSING, for God's sake, where the currency pair is going to be in the near or distant future. You are betting your money that your guess is right. That's gambling. Or maybe you like the word speculating better? If you're looking for income money from the market, put your money in a nice cozy CD. You'll get your 5% a year. Maybe less. Not sure, i haven't checked lately. I can do that for you if you like.

PRandell

It is only those who dont know the Technicality of forex that call it gambling

And let me add, gambling is actually what you cant predict but actually put hope that it will go your way, but winning possibility is actually Zero, but in Forex, your prediction if you know what you are doing will be 80/100%, which means you win 8 trades out of every 10 trades you place, you cant tell me that is gambling

Thanks guys I appreciate coming to my defense. We are doing the best we can to provide a quality robot. And it's not always going to be perfect. In regards to the markets changing, they will most likely not be the same as they were in the past. Market conditions are not reverting. Back testing is a good measure, BUT NOT an accurate one.

Thanks again.

954978 2011.01.12 11:00 sell 0.20 eurusd 1.29864 0.00000 0.00000 2011.01.12 14:00 1.30246 0.00 0.00 0.00 -76.40

955085 2011.01.12 11:15 sell 0.20 eurusd 1.29804 0.00000 0.00000 2011.01.12 14:00 1.30244 0.00 0.00 0.00 -88.00

955187 2011.01.12 11:30 sell 0.20 eurusd 1.29666 0.00000 0.00000 2011.01.12 13:45 1.30035 0.00 0.00 0.00 -73.80

955848 2011.01.12 14:15 buy 0.20 eurusd 1.30204 0.00000 0.00000 2011.01.12 17:30 1.31057 0.00 0.00 0.00 170.60

955929 2011.01.12 14:30 buy 0.20 eurusd 1.30439 0.00000 0.00000 2011.01.12 17:30 1.31057 0.00 0.00 0.00 123.60

955770 2011.01.12 14:00 buy 0.20 eurusd 1.30246 0.00000 0.00000 1.31291 0.00 0.00 0.00 209.00 (open)

my today trades result :)

Hi House,

What broker you using? I got the losses but not the winners.

Hi Raymond

with finfx I have a demo with default settings (they are not the results you see here)

with thinkforex a demo with advanced settings ( increased risk )

parameter :
LotSize=0.2; FastVolatilityBase=3; SlowVolatilityBase=60; VolatilityFactor=2; ProfitTarget=0.65; StopLoss=0.3; ProfitLossVolatilityBase=70

Are you using the basic version? I find that even with that you can do some tweaking for much better results. But have to balance gain with drawdown. The higher the gain the higher the drawdown.

I saw your setting just after I posted this. That answers my question. So you're using the upgraded version. Was tempted to change the settings but thought I'd go with default for a while first.

I had a question to support before. I wanted to run FGB on one chart with default settings, another with tweeked settings and maybe yet another with different timeframe. After testing and optimizing of course. Support surprisingly said it could work but to try and see. Thought they would know that. forexgrowthbot, could I do this? Is there some kind of internal magic number being generated so that multiple instances wouldn't conflict with one another?

rayong1 posted:
    Are you using the basic version?

i using Advanced Edition

Ho provato 15 giorni,tali impostazioni non sono buone per i periodi con bassa volatilità, ottimo con forte direzionalità ... anche backtest confermare questa

rayong1 posted:
    Are you using the basic version? I find that even with that you can do some tweaking for much better results. But have to balance gain with drawdown. The higher the gain the higher the drawdown.

I saw your setting just after I posted this. That answers my question. So you're using the upgraded version. Was tempted to change the settings but thought I'd go with default for a while first.

I had a question to support before. I wanted to run FGB on one chart with default settings, another with tweeked settings and maybe yet another with different timeframe. After testing and optimizing of course. Support surprisingly said it could work but to try and see. Thought they would know that. forexgrowthbot, could I do this? Is there some kind of internal magic number being generated so that multiple instances wouldn't conflict with one another?

The Power Source Edition have a magic number for multiple instances

FXGrowthbot,

Can you please comment on the result of the back test for 2002 where drawdown was 49% with recommended risk settings according to that post from Forexpeacearmy.Is this true ?

Thank you

from my backtest in 1939 I have a drawdown of 58.5% 😱. .. and 12/12/2012 and dangerous: O
markets 10 years old .. very different from these, I think be elementary no? 🙄
bah

house66 posted:
    from my backtest in 1939 I have a drawdown of 58.5% 😱. .. and 12/12/2012 and dangerous: O
markets 10 years old .. very different from these, I think be elementary no? 🙄
bah

If it actually happened in 2002 , then it can happen at anytime in the future.History tends to repeat itself.

Anyone who thinks trading Forex can be accomplished with 100% certainty is either naive, a newbie, liar, misinformed, inexperienced or just plain stupid. Whenever you try to predict the future movement of anything, and you put your money on that prediction, you are gambling that your prediction is correct.

And if you can find a system that works MOST of the time, then you're a lucky bastard, and congratulations. I mean, hell... there are poker players who make a living gambling. A Good living. But that doesn't make it employment, nor investment what they're doing. They are freaking gambling, people! Wake the F up. You're not a bunch of retards, are you?

And again I see a post from either same guy with the a different screen name, or someone who didn't read the prior posts, asking to comment on a drawdown from the eisenhower era. Who gives a rat's butt what happened in 2002? Do you know what the world was like back then? Do you know what the underlying forces behind the currency pairs traded were in 2002? Do those conditions exist today? I personally think if an EA has been doing great this past year, then it'll probably do great for the next year, and never work again. That's my take at least.

You're never going to find an EA or strategy that's going to work always and forever amen. Market conditions, brokers, MMs, will always adjust things against it. You're lucky if it works for a year, let alone two. So stop the whining acting like scared children. Buy the EA, or don't. If you buy it, try it on demo. If it works, put some real money and if that works, put in more money. That's the way it works. What the F is this 'can you comment on what happened in 2002?'

What is he supposed to say? 'Um... well, in 2002 we just came out of september 11th, and so the world economy was recovering from a great shock, blah blah blah'. Is anything he says going to make you feel better? How about 'I wrote the EA to work only on odd numbered years'. I just don't get what answer he could give you to satisfy you. Is there any answer? Hell, if i wrote this EA, i won't know how to answer a retarded question like that.

PRandell