09/11/ · Forex Growth Bot Review. November 9, by Terry posted in Forex Software • No Comments. About the Forex Growth Bot Expert Advisor. The creator of this expert advisor is Eugene Lipinsky who is a Russian mathematician. He boosts that he has been able to acquire profits of over $, in less than two years from trading his Forex Growth Bot 25/06/ · Forex Growth Bot reviews and ratings blogger.com, an MetaTrader expert advisor forex trading robot rated and reviewed by forex traders/5(47) Forex Growth Bot Review – Unique FX Trading Robot With Real Money Results. Forex Growth Bot has been developed by Eugene Lipinsky who is a Russian mathematician to make a consistent and profitable low risk killing in the FX markets. It doesn’t matter if you have $ or $10, to invest. The Forex Growth Bot will focus on minimizing risk Estimated Reading Time: 4 mins
Forex Robot Review | Forex Growth Bot
This article is obsolete and no longer maintained. Many of you will have heard of this EA already. From here, all the mojo lays in position management: if the market goes against it, the position will be promptly closed at an average loss of 30 pips and the EA will wait for other fish to fry, forex growth bot review. If, however, the market moves in the correct direction, it starts adding to forex growth bot review existing position until it reaches up to 5 times its original size.
Sure, forex growth bot review, sometimes the market will retrace and the positions will not always run their course, but when they flow, they do so nicely. The website states that between 3 and 10 trades are open per week, but forex growth bot review analysis seems to suggest an average of more than 1.
Of course, there will be periods of several days without a trade as well as days with trades, but on average it trades more than once per day. As is the case with most trend EAs, opening positions is not restricted to any trading session and trades are just opened around the clock when its signal conditions are met.
As far as I can tell, Forex Growth Bot complies with the no-hedging rules, but does not comply with the FIFO rules because some of its positions get closed before those opened prior to them and still open at the time. Edit The expert advisor now features a parameter that lets you enable FIFO compliance.
The product home page is located at www. The forward test was started with a large lot size which was later decreased, so the balance curve looks rather weird:. When it comes to configuration, it can easily be called lackluster. It lacks all the bells and whistles that other EAs shower you with. All the money management in the basic version consists in a parameter that lets you set the lot size manually.
Speaking of which, the author recommends only running it on EURUSD M15, but it can be run on other pairs as well so feel free to experiment. The only such endeavor that I had the time for was actually a mistake: I prepared an EURUSD M5 FXT and ran it on that one by accident; as luck would have it, it was profitable with the default settings even on that timeframe. There is also an advanced version purchased separately that gives you access to more settings such as an interesting Wave Trailing kind of a trailing stop and more volatility settings that the manual briefly describes without giving any indication of the range you should use for them or what will they actually do when changed.
This brings me to position sizing. Like I said, you can input the number of lots manually and the manual states that you should use 0. However, my recommendation is to use no more than 0. Overall, the money management that adds 0.
As usual, I ran the backtest on an FxPro terminal. For a trend EA, this is just awesome. Despite the rough time it had inits balance curve looks very good. The average win is around 55 pips while the average loss is around 27 pips, resulting in a risk:reward ratio of over According to the author, this only happens in trade setups with a high profit probability.
In the end, what matters is the balance curve. I also used the real spread data and here are the results:. Anyway, forex growth bot review you have a broker that has an average EURUSD spread higher than 2 if there are still any that doyou should consider finding another.
This backtest is not much different from the previous. The average profit is now 70 pips while the average loss is 30 pips, resulting in a risk:reward ratio of The easiest way forex growth bot review do it well, the only one I can think of is to take the maximal drawdown in account currency resulted in the test — in our case — and report it to the forex growth bot review balance, which yields a result of I also ran the backtest through the MT Intelligence offline analyzer tool to get the average monthly return for a 0.
While at it, I also exported the Monte Carlo projection:, forex growth bot review. So, I also received the extras package from the author yesterday this section was added on This version has a bunch of extra parameters, some of which I am going to mention here:. It seems to me that the most interesting parameter is Wave Trailing, so I decided to enable that and run a backtest. Since I already had the tick forex growth bot review in the terminal, forex growth bot review, I used that FXT file.
The first noticeable thing is that it made forex growth bot review a lot more profit than the basic edition. Also, forex growth bot review, the balance graph has a look that resembles a staircase, meaning that some trades brought a lot of profit, so they are likely allowed to run longer and capture more profits when Wave Trailing is enabled.
Despite its lack of user friendly features, forex growth bot review, Forex Growth Bot is a really solid trend EA.
At the time the review was written, the EA used to allow unlimited accounts but nowadays the basic license is limited to a forex growth bot review account. I started this live test account a week ago, on The reason it is having such a large floating profit is that I started the test with a lot size of 0.
All the parameters were set to default even the lot size actually. Edit right after posting: the author informs me that if the EA is restarted, it loses control of its trades. Since that was the case with the trades that I mentioned above the 1. Also, the new version of the EA no longer has the problem I described above.
I ended up emailing the author yesterday and after his reply decided to restart the terminal manually, which resulted in the short trades being closed with a rather large drawdown on the account. Forex Growth Bot January 19, In Reviews. Website The product home page is located at www. around the clock EURUSD NFA compliant trailing stop trend upsells volatility. Comments are closed, forex growth bot review. Prev Next. This website uses cookies to improve forex growth bot review experience.
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Forex Growth Bot Review 2013
, time: 1:19Forex Growth Bot Review And Rating, blogger.com | Myfxbook
25/06/ · Forex Growth Bot reviews and ratings blogger.com, an MetaTrader expert advisor forex trading robot rated and reviewed by forex traders/5(47) Forex Growth Bot Review – Unique FX Trading Robot With Real Money Results. Forex Growth Bot has been developed by Eugene Lipinsky who is a Russian mathematician to make a consistent and profitable low risk killing in the FX markets. It doesn’t matter if you have $ or $10, to invest. The Forex Growth Bot will focus on minimizing risk Estimated Reading Time: 4 mins 09/11/ · Forex Growth Bot Review. November 9, by Terry posted in Forex Software • No Comments. About the Forex Growth Bot Expert Advisor. The creator of this expert advisor is Eugene Lipinsky who is a Russian mathematician. He boosts that he has been able to acquire profits of over $, in less than two years from trading his Forex Growth Bot
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