Forex Growth Bot

Fibonacci61 · March 10, 2013, 10:35am

What leverage is your account? Mine is 1:100 and drawdown is acceptable. Cannot give exact number cause I trade other EA in the same account. Been trading it since Oct 2012.

Kurte · March 13, 2013, 5:15am

Same here!

Fibonacci61 · March 13, 2013, 9:13am

I’m on v.1.8.

doc1 · March 15, 2013, 5:08pm

I’m new to Forex Growth Bot. I’m trying to use it on FXCM and it won’t close trades properly.
I signed up for Advanced Support, but they are GHOSTS - can’t get legitimate response…
Can someone tell me:

On what US broker will the growth bot work properly?

I need help, and I CAN’T GET A RESPONSE from their support people.

Thanks!

Mike Bishop

alfarsalaraby · March 20, 2013, 7:34am

Hello Mr Johnny …
if you still review this topic I need to know if I used the basic version is OK with 5 digits and 4 digits brokers or not …
also I need to know your version of FGB and the settings you use …
also the VPS you prefer and cheapest also but reliable …
Thanks

By the way …
My accounts leverage are
1- 1:500 Balance: 250$
2- 1:1000 Balance: 3500$

alfarsalaraby · March 20, 2013, 9:34am

johnnykanoo:

Okay guys/gals here are my stats since I started with FGB…

Please note that in most cases I have risked to much. This is based on the fact that I don’t keep all of my capital that I trade with in my trading account, but I do count on that. Having said that there were at least 2 instances where my risk was insane!!! Please never risk more than 2% especially on this ea. She has a tendancy to open her trades in 4’s so 2% risk translates into 8% overall risk! you should max out at 5-6% That would be 1.5% risk per trade. I have an average stop loss of 29 pips so the calculation would be…
capital x .015 = amount of risk than amount of risk / 29 = pip value

for example $1000 account x .015 = $15 risk $15 / 29= $0.51 pip value
with fgb this would give you a real risk of aprox. $2 per pip and if you lose all 4 (29 pip stop loss) you lose $58 or approximately 6%

okay the results post is going to be pretty big so I will do it seperate followed by a summary post.

I love this post … ammaaaazing :7:

Fibonacci61 · March 20, 2013, 12:28pm

I trade with Hot Forex, currenex account. I don’t have any issues, my trade history is consistent with FGB in myfxbook.

andrek1876 · April 6, 2013, 4:31pm

Can you tell me were to get growth bot please…i found it on a few web site but those web site dont look trustworthy

gmenu · April 7, 2013, 12:35am

www.forexgrowthbot.com

Moto · April 10, 2013, 7:10am

Hi,
I cannot give you the exact broker but just a word of advice please if the broker has a mean spread of more than 2 the best thing you should try to find a new broker then I think you’ll have avoid some risks. And please take time to consult further before plunging into real account.

Kurte · June 1, 2013, 8:32am

How are you doing with Growth Bot? Is it still going strong?

dkfoxen · June 2, 2013, 2:54pm

Are MGB still giving profits? Or is it dead?

brosnet · July 18, 2013, 3:13am

68% drawdown from their myfxbook account

forextr11 · July 19, 2013, 4:49pm

I am using an EA and gives me super performance for 6 months its a low risk based EA

Stevecsd · July 21, 2013, 5:51pm

Can you tell us which EA you are using?

Steve C.

samuelc · July 22, 2013, 12:16am

Steve Cohen, SAC? Is that you?

Stevecsd · July 22, 2013, 9:35am

No, I am a different Steve C.

smartprofit · July 24, 2013, 9:21am

Forex Grow Bot die this year / its not working
Developers:

fuctuations · October 13, 2013, 3:00am

Guys, similar to this strategy. pls find as per attached. but doesn’t make that big dd.

Proximus · October 18, 2013, 3:19pm

Thats not a good graph,you could tell that this ea will fail in the long term just by looking at that picture…

My EA is way better than that crappy one: