FOREX GROWTH BOT - BASIC OR ADVANCED?

Good day all, in this post I will try to clarify the 3 versions of the FGB. There is the basic version(which is the version I trade as well as most others)and there is the advanced version. There is also what is called a power edition which adds wave trailing to the basic strategy. "Wave trailing is an advanced system that trails the profit take and stop loss. Helps improve profits. Wave Trailing (Default is "40-80;40-80;40-80;40") this string defines the Wave Trailing rule. This is semicolon separated string with Wave ranges. Default Wave Trailing rule defines three 40-80% wave and last 40% trailing." I believe this adds drawdown to your trading but over a longer term will add profits as well.

The advanced edition is an up sell to the original robot. This includes the following:


MaxTradesPerSideAllowed( Advanced & Power ) – This function allows you to put a limit on
the number of trades opened at a time on buy and sell trades.

BotComment (Advanced & Power)  – Allows you to set the trade comments for each trade.


Profit Target (Default is 0.5 or 50% from Profit Loss Volatility Base) (Advanced and Power) –
Value of the profit target for each trade.  This is a percentage the lower the percentage, the
lower the take profit.


Stop Loss (Default is 0.2 or 20% from Profit Loss Volatility Base) (Advanced and Power) –
Value of the Stop Loss for each trade.  The lower the stop loss percentage the lower the stop
loss will be used.


Profit Loss Volatility Base (Default is 50) (Advanced And Power Version) – period in bars for
calculation profit target & stop loss. EA calculates High and Low for Profit Loss Volatility Base
with this number of bars and then use it as base for Profit Target & Stop Loss.


Trail Target & Trail Pips (Advanced and Power Versions) – Trail target is the number of pips in
profit at which time the trail pips, similar to trailing stop activates.  This means that is trail
target is 100, and profit is at 100 pips, then trail pip will activate.  If trail pips is 20, then the
robot will close if the profit goes down to 80 pips.  If pip profit increases then stop loss will
move up so there is always a 20 stop loss (or whatever number you choose).  This is checked
every tick.  Will NOT work with Assign SL and TP set TRUE.

Use Wave Trailing (Default is false) (Power Version) – Wave trailing is an advanced system that trails the profit take and stop loss.  Helps improve profits.  Wave Trailing (Default is "40-80;40-80;40-80;40") this string defines the Wave Trailing rule. This is semicolon separated string withWave ranges. Default Wave Trailing rule defines three 40-80% wave and last 40% trailing.

Also with the power edition (In addition to the wave trailing feature)we get a re-invest profit parameter.


Re-Invest Capital (Default is false) (Power Version) - This will increase the lot size by .05 lots
for each $2250 profit.

As you can see it gets pretty comprehensive. Most users like myself only trade the basic edition

FOREX GROWTH BOT - LOOKING FOR A BREAKOUT!

Hello all, I see that the market is overbought at this point. There could be a breakout to the bullish direction very soon. This would be a good trade setup for FGB. The market is looking like it may stop ranging as much as it has in the past, these are all good for us. Lets' keep our finger crossed.

FOREX GROWTH BOT MYFXBOOK

  Hello traders, in this post I would like to show the popularity of the FOREX GROWTH BOT on the emerging 3rd party publishing site Myfxbook. At the footer of the home page you will see a link called "most popular systems". This will give you a list of the most popular systems that fellow traders are currently following and discussing. I have created a link to this HERE for you convenience. You will notice it is the only system with over 1 million total views. Also there are over 1,300 traders who are tracking the performance of the FOREX GROWTH BOT

FOREX GROWTH BOT REVIEW

  Hello, in this post I would like to make those aware of the numerous reviews that can be found all over the internet regarding the FOREX GROWTH BOT Most reviews have been very positive and this comes as no surprise to us. Let's see what others are saying about the robot.

"In the last two days she has traded a total of 5 trades two closed in profit +68 and +16 one loser -35 and two open both in positive territory +49 and +46"

"Earned over 500+ pips yesterday and today!"

"so far this bot is doing great on my live account. I hope it will continue."

"I am up and running with this. The support is 1st class so far."

"They answered some questions I had before purchase within 10 minutes.
"My activation code after purchase was within 5 minutes."

  These are just some of the feedback from users of the FOREX GROWTH BOT
It is important to remember that trading is winning and losing. It is how you control the losses that make you a successful trader. With FOREX GROWTH BOT we control the losses and let our profits run. This is a sound forex trading principle. 

FOREX GROWTH BOT DOWNLOAD

  Hello everyone, in this post I want to explain what you receive when you download the FOREX GROWTH BOT Firstly you will receive a code in your email that will allow you to log in to the members area. Here you will find some really helpful advice on brokers to use with the robot. You will also obviously be able to download the robot The robot consists of two files. One file is called growthbot.dll This file has all of the actual strategy code contained within. The .dll file should be placed in the "libraries" folder of your broker choice. When you choose a broker and download their MT4 software, you will see this "libraries" folder where the growthbot.dll file will go. Next you will see a .ex4 file. This file actually attaches to the trading chart in MT4. But first we must move it to the "experts" folder in your brokers folder. Your brokers folder is usually placed under "program files" on your hard drive. So now you should have both files in their proper folders from your broker. Now when you open the MT4 terminal and look under experts, you should see the robot call "forexgrowthbot" Attach the robot to the Eur/Usd 15 min. chart (a click and drag will work just fine) set your lot size and trade!

  Of course this is all explained in detail in the user guide which you will receive with the robot files. I hope this post will help new traders understand the set up process. FOREX GROWTH BOT WEBSITE