Forex Growth Bot Review

Is Forex Growth Bot good? Let me give you a clear answer in this detailed review with test results on a LIVE trading account (*November 2010 – May 2011).

But first you should know:
1. Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.

2. Whatever is the manual trading method, or the automated trading strategy, don’t forget to test it first in demo. Also be aware that past performance is no guarantee of future results.

Can you believe in the credibility of Forex Growth Bot creator?
Forex Growth Bot Developer

The Growth Bot EA was programmed by a Russian applied math scientist and programmer Eugene Lipinsky. Before putting the robot on the market for grabs he tested it on his live account on which he claims to have earned over $100,000. Lets analyse the facts and get closer to the truth.

There’s no way to find out if the claims above are real and that the Forex Growth bot is not another scam sold to us by rogue internet marketers. To be able to tell if it really works we need to possess LIVE trading results. Let’s get straight to them now!

Real verifiable LIVE results

Most trading bots are sold with their claims about profitability with historical backtest results or on demo accounts.

But in the case with Forex Growth Bot EA you can see the real live trading results. The actual trades the bot makes are monitored through the third-party service Myfxbook.com – ForexGrowthBot System.
forex growth bot live

forex growth bot profitability
Performance analysis
As we can see from the charts of the live account is up +964.76% since putting the robot on it in November 2010. So Forex growth bot was able to increase the deposit of $250 into $2661.89! This an awesome result for a robot that allowed to grow our money in such a period of time by nearly x10 times.

Risk / Drawdown Analysis
As you can see from the charts above the Average Win is 68.84 pips and the Average Loss is -25.89 pips. This makes this robot a true holy grail of automated forex trading. Let me explain my point now. All forex robots we have tested have the same pattern everywhere many small gains with one big loss wiping out all profits and making even a loss to your trading account. This makes our review of the Forex Growth Bot honest and unbiased as all results are real and the logic of the bot works pretty great. :)

Forex Growth Bot according to live account statistics has 50% win/loss ratio and a profit margin of 2.7 makes you feel safe because the drawdowns are really small.
forex growth bot drawdown

The best trade is 529 pips and theworst trade is -58.6 pips. This shows that the expert advisor works really well in low drawdown. Below is the rating of the exposed Forex Growth Bot.

Pros:

1. Lot sizes are proportional to your account size

2. Stop-loss and take-profit orders are hidden from your broker

3. Advanced stop-loss technology. Very tight stop-losses and low drawdowns.

4. High Risk/Reward (just look at the live statements above)

5. Advanced risk management

Cons:

Performance might vary depending on the broker

Forex Growth Bot
Website: http://www.forexgrowthbot.com

User reviews »

  1. John Says:
    May 6th, 2011 at 21:34

    Please, DO NOT use this robot!

    The less people who use it, the better it will work for those of us who do ;D

  2. Todd Says:
    May 10th, 2011 at 18:38

    this ea can try your patients. This is my experience that this ea is broker sensitive.

    Running on three brokers I get three different results. The one that I have found to work the best for me and trades along most of the time with growth bot myfxbook is interbankfx US broker. The other two that don’t seem to do as well for me are fxdd and alpari both are US based

    with alpari being the second to the best but will drop a trade as will fxdd. I have my money on it with interbank so for it is doing good. Broker sensitive, at least that is what I am finding. I hope this helps, I am also running recommended settings.

  3. Weston Says:
    May 10th, 2011 at 23:46

    FGB opened 3 sell consecutive trades as the market was on the rise, then it somehow lost track of them. It did not close any of them. This is not the way this EA is designed, as I have used it since the beginning. Anybody else have this problem?

    I emailed support and their reply is, “I recommend closing the trades and restarting MT4 that should reset the system.” In other words, take the loss. I am frustrated with this EA. It has made money, but one has to really babysit it.

  4. Josh Says:
    May 12th, 2011 at 16:36

    I like this bot, it’s risk to reward ratio makes it prifitable even with 50 % of winning trades unlike other robots which have 90% profitable trades but with one negative trade kill your account

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