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Forex Growth Bot
in
Trading Systems
Jan 17, 2012 at 12:37
Let's just say that their back-end office is not as organised as I prefer. I had no problems with trades placed, although I never used their VPS. However I am looking for a new broker.
Forex Growth Bot
in
Trading Systems
Jan 17, 2012 at 12:26
I was actually looking for demonstrative evidence rather than opinion but thanks for the information.
Forex Growth Bot
in
Trading Systems
Jan 17, 2012 at 12:16
Is anyone on here running this EA successfully on a broker other than Think Forex?
PinPoint Wizard EUR/CHF
in
Strategies
Dec 05, 2011 at 16:33
Hi,If you can show me a broker using a fixed spread of 1 pip on EurChf - which is the spread this backtest was generated at - I'll try it. If not then it doesn't work. Do the maths. A 60% hit rate with a 5 pip profit/loss doesn't really leave much margin for a wider spread.
Tom'sEa WPFX LIVE
in
Trading Systems
Oct 31, 2011 at 11:30
Looks like another martingale system hits the market promising riches galore. What always interests me is whether the pedlars of these EA's know they are selling a pup or if they are as deluded as the purchasers.
www.magicfxrobot.com
in
Trading Systems
Oct 28, 2011 at 09:42
It's interesting that my message was completely neutral and yet you decided to defend yourself.
www.magicfxrobot.com
in
Trading Systems
Oct 27, 2011 at 13:25
I've just noticed another apparent home for this EA.http://www.forexninjarobot.com/Looks to be exactly the same set up to me.
www.magicfxrobot.com
in
Trading Systems
Oct 20, 2011 at 10:13
I would advise serious caution before buying this EA. It only works on dubious brokers and many people fail to get it to work.
Forex Growth Bot
in
Trading Systems
Oct 13, 2011 at 11:30
Just for reference, an EA only runs the code every time it gets a new tick. As EurUsd generally has the highest tick volume you should place any none currency specific EA's on EurUsd if it's important they react at the earliest opportunity.
Forex Growth Bot
in
Trading Systems
Oct 13, 2011 at 10:31
You don't drop it on the same chart, you drop it on a new chart for the same currency pair.Just ensure the magic numbers tie up.In fact, given that FGB doesn't set a hard stop I'd be inclined to drop it onto a new chart on a separate install of MT4 just in case Swiss Army crashes your MT4 ( not saying it will but better safe than sorry ).
Forex Growth Bot
in
Trading Systems
Sep 09, 2011 at 08:49
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 ...
Forex Growth Bot
in
Trading Systems
Sep 07, 2011 at 12:10
Guys, it's not really hard to reproduce Fughe's settings. He has stated that he optimised for June-August 2011. Therefore if you have the advanced version go away and run an optimisation for that period and pick the settings that work well. Then test them over longer periods. While you might not match Fughe's settings you will no doubt come close.
Forex Growth Bot
in
Trading Systems
Sep 02, 2011 at 09:31
I suggest you run a backtest1999 March, April, May - three losing months in a row followed by1999, September, October, November - three losing months in a row followed by2000, February, March, April - three losing months in a row followed by2000, September, October, November - three losing months in a row followed by2001, August, September, October - three losing months in a row followed by2002, February, March, April - three losing months in a row followed by2007, March, April, May - three losing months in a row Those are just the periods that it lost three months in a row, there are also ple...
Forex Growth Bot
in
Trading Systems
Aug 17, 2011 at 11:49
Excellent, well best of luck with them then.
Forex Growth Bot
in
Trading Systems
Aug 16, 2011 at 11:02
That's the whole point. You never know when the market will change it's behaviour or what it will change it to.Looking at the past couple of months and saying "Oh I made losses I'd better adjust my settings to what would have made me money over the last two months" is over-optimising and you will get caught out time and time again. Amongst other contributing factors, such as fundamentals, the markets have seasonality to them. Are you taking that into account? Settings that worked well during the summer are not likely to work well in the autumn or winter. Settings that are...
Forex Growth Bot
in
Trading Systems
Aug 16, 2011 at 10:13
Test your settings over a longer period and let us know the results.In general optimising EA's based on short term price data ( a few months ) is the quickest way to the poor house.
robot
in
Trading Systems
Aug 15, 2011 at 12:22
Execmanoj, don't waste your money on it.
Filter systems by average monthly gain
in
Suggestion Box
Aug 08, 2011 at 11:12
I know this was suggested a long time ago and I'm sure there must be a thread for it but I couldn't find it.However, now we have changed monthly gain figures to reflect the month on month gain could we include a filter in the systems selection to allow us to select systems over ( or under if you are that way inclined ) a certain percentage figure please?
Forex Growth Bot
in
Trading Systems
Jul 28, 2011 at 09:28
The problem with short term backtests is that without measurable performance how do you know when your parameters are no longer working? Is it when your drawdown slips to 10% or 20% or do you end up waiting until your drawdown has slipped to 58%?Providing you have a trading plan that covers using this strategy then go ahead and use it but I would make very certain that you have decided in advance at which point you will conclude that it is no longer working. This obviously goes for using backtest data for any period, although settings that have worked over ten years have a much greater chance ...
Forex Growth Bot
in
Trading Systems
Jul 27, 2011 at 17:31
Hi,Over what period was this backtest performed? I just managed to achieve a profit factor of 17.76 with a drawdown of 1.81% using the default settings. It was admittedly only across a certain week. I've run an optimised backtest across the whole ten years for pretty much every set of parameters that make any sense and I haven't seen anywhere near this performance across the full 10 years of history in MT4.
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