Forex Growth Bot

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Forex Growth Bot

Consistently we have found Forex Growth Bot to be a top performer – at FXTradingReviews as well as every other Forex robot sites. This additional level of consistency across other sites adds to the credibility of the package. From the same Russian mathematician that brought you Over Drive and Trading Buddy, Growth Bot seems to be the real deal!

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Price: $84.99

Date: January 04, 2012

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Views: 758

Reviews: 9 Reviews

  • User's Rating:

    Overall Rating

    Consistent Performance

    Risk Management

    My favorite robot

    THE GOOD:

    I have had great success with this robot over the years, very consistent and great money management

    THE BAD:

    nothing

    THE BOTTOM LINE:

    Highly recommend
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    REVIEWED BY:
    Paul Johnson
    Jan 9,2012

  • User's Rating:

    Overall Rating

    Consistent Performance

    Risk Management

    one consistent bot

    THE GOOD:

    consistent, steady profits that closely match the reported account. tight stops.

    THE BAD:

    you have to keep an eye on your trades, as the controls can be finicky at times.

    REVIEW:

    this forex robot delivers. after running a demo account for some time, i took the plunge and went live. surprisingly it stays close to my demo account results and the reported account. if you can stick with this EA and monitor trades occasionally, you will see consistent, not large, but consistent profits.
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    REVIEWED BY:
    Daniel Haas
    Jan 10,2012

  • User's Rating:

    Overall Rating

    Consistent Performance

    Risk Management

    Sim Trading Right Now

    THE GOOD:

    i'm currently sim trading this in my demo account and so far so good. have only run it over the last week but seems to be performing with decent profit.

    THE BAD:

    seems to be working in demo account but who knows in real time - i've had these things look beautiful in demo mode but as soon as i try to trade on a live market, it falls spectacularly to pieces. will continue to test over next 2 weeks and report back.
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    REVIEWED BY:
    A.J.
    Jan 14,2012

  • User's Rating:

    Overall Rating

    Consistent Performance

    Risk Management

    Solid EA, good long term earner

    THE GOOD:

    Can really cash in on breakouts, with good exits

    THE BAD:

    As it only looks for trades every 15 minutes, it can get in late and also be subject to price whipsaws. It only makes trading decisions every 15 minutes and as it doesnt use a fixed SL, alot can happen in this time, price can go along way against you.

    THE BOTTOM LINE:

    Another EA for every portfolio, but dont overtrade it!
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    REVIEWED BY:
    Murray
    Jan 24,2012

  • User's Rating:

    Overall Rating

    Consistent Performance

    Risk Management

    Steady Earner

    THE GOOD:

    I like the way it seems to be taking a cautious view of trading, aiming for small and consistent gains. It doesn't take much setting up either.

    THE BAD:

    It has a lot of losses, although the gains outweigh them.

    THE BOTTOM LINE:

    My first comment is that the price quoted here is wrong – the Forex Growth Bot website gives the price at $99 – but this is the typical cost for a Forex Robot, so not a big deal.

    It's interesting, because the robot seems to be trend following, and opens extra positions as a trend progresses. So if the trend doesn't materialize, not only does it close quickly, but you don't have too much at stake.

    REVIEW:

    I didn't take the upsell, which is supposed to give you more control over the robot's parameters. Fine if you know what you're doing, but IMHO a path to disaster for anyone who's not really into the finer points of Forex trading – sure I know about technical analysis, but if I was that good, I wouldn't need a Forex robot! So my review is about the basic Forex Growth Bot.

    It was easy to set up, and ready to work straight away. They say it's optimized for the EUR/USD 15 min. chart, so I only tried it on this. It loses about half the time, but the losses are always much smaller than the gains, and run only about 30 points each time. Overall it is a sound winner, and probably won't give you a heart attack with a big drawdown. It doesn't seem to trade too much as it waits for potential trends in just one pair, and some days it won't do anything.

    The trades are often closed within a few hours, and never last more than a couple of days, but if you shut it down it doesn't remember the open trades when you start it up again, so you have to watch that you don't get left in them. They were going to try and fix this. Support always answers fairly quickly, which is reassuring.
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    REVIEWED BY:
    Gerry A
    Jan 30,2012

  • User's Rating:

    Overall Rating

    Consistent Performance

    Risk Management

    Just moved to live account

    THE GOOD:

    A lot of positive trades that adds up in the long run. I vouch for this EA in that it's one of the few that matches the demo account and it performs. You trades stay open for a longer period of time, which lets you monitor the trades as you see them.

    THE BAD:

    Be prepared for low profits per session, but remember that it all adds up over time. and if you're looking for something that trades daily, know that there are some periods where it wont take any trades.

    REVIEW:

    Great EA, many trades and flexible controls - what I'm lookin for in a system. Great signals and setups with enough space to adjust trades and make the right calls. Capitalize on the strong trend periods when using the bot and you will win big.
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    REVIEWED BY:
    Harold W
    Feb 18,2012

  • User's Rating:

    Overall Rating

    Consistent Performance

    Risk Management

    Went live, haven't looked back

    THE GOOD:

    signals are accurate, keep an eye on trades, and stick with the bot for the long run

    THE BAD:

    strings of losses as do all forex bots
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    REVIEWED BY:
    Dennis Golonka
    Feb 25,2012

  • User's Rating:

    Overall Rating

    Consistent Performance

    Risk Management

    rFkIUPAxwTfMwL

    THE GOOD:

    That's the best answer by far! Thanks for conrtibtinug.

    THE BAD:

    That's the best answer by far! Thanks for conrtibtinug.

    THE BOTTOM LINE:

    That's the best answer by far! Thanks for conrtibtinug.

    REVIEW:

    That's the best answer by far! Thanks for conrtibtinug.
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    REVIEWED BY:
    Etienne
    Apr 15,2012

  • User's Rating:

    Overall Rating

    Consistent Performance

    Risk Management

    This is a solid robot

    THE GOOD:

    Love the consistency

    THE BAD:

    wish I was getting more trades

    THE BOTTOM LINE:

    Still like it

    REVIEW:

    Great product!
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    REVIEWED BY:
    John Krupa
    May 7,2012