Forex Growth Bot Review

About the Forex Growth Bot Expert Advisor

forex growth bot

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 $100,000 in less than two years from trading his Forex Growth Bot (FGB). He also advises that he is able to demonstrate that this product has produce profits of over 500% in just three months by supplying verifiable proof.

If you purchase this tool then you must next download the software onto your own MT4 trading platform. After optimizing a limited number of key parameters, the expert advisor will be then set to commence trading continuously without further intervention by you. Specifically, this robot will search for quality entry and exit points for new trading opportunities presenting the optimum reward-to-risk ratio.

Visit ForexGrowthBot.com for More Proof of Performance

The FGB will aim to execute an average of six trades per week although this figure can vary between three and ten depending on market volatility. The software design is structured on over eight years of algorithmic trading data which it deployed to forecast the future directional price movements of currency pairs. A powerful money management strategy is also incorporated into this robot in order to protect your trading capital from excessive levels of risk.

This tool is simple to install and operate. In addition, a demo facility is provided to assist you in confirming the operational performance of this device before you risk any of your own equity.  The success of the Forex Growth Bot has been primarily attributed to the market date it selects to use during different trading conditions and how the ways that it explicitly utilizes this information.

Although the above marketing claims are quite enticing, how do they really measure up under live conditions? The subsequent results and analysis are presented in order to answer this key query.

Performance Tests

The results from a sequence of tests, that have recently been performed, are now detailed in the following table. In addition, the average values are displayed in the rightmost column.

 

Test 1

Test 2

Test 3

Average

Total Trades

1746

1744

1754

1748

Short Positions (won)

915

913

923

917

Long Positions (won)

829

827

837

831

Profit Trades

646

644

654

648

Loss trades

1098

1096

1106

1100

Largest Profit

$514

$512

$522

$516

Largest Loss

$245

$243

$253

$247

Average Profit

$72

$73

$74

$73

Average Loss

$38

$36

$46

$40

Maximum Consecutive Wins

15

13

23

17

Maximum Consecutive Losses

38

36

46

40

Average Consecutive Wins

1

5

3

3

Average Consecutive Loss

5

4

6

5

 

Key Parameters

A procedure is now needed to help you in ascertain if the Forex Growth Bot is a viable option. This objective can be achieved by determining its win-to-loss ratio, expectancy value and reward-to-risk ratio. These key performance parameters are now calculated for this expert advisor using the average values listed in the above table.

1.       Win-to-loss ratio = 37%

2.       Reward-to-Risk ratio = 1.83

3.       Expectancy Value = $1.81

The figures displayed above indicate that the Forex Growth Bot has the potential to return $1.81 for every US Dollar placed at risk over the long-haul.

User Comments

A thorough internet investigation did not unearth any serious negative comments or reviews about the Forex Growth Bot. However, no positive statements or recommendations were discovered either.

Verdict

Although this expert advisor produced relatively good performance parameters, there are a number of worrying aspects about the results generated. For instance, the win-to-loss (W/L) ratio records a value of only 37% which is particularly worrisome. This is because this weak figure offsets the benefits of a good Reward/Risk (R/R) ratio, which is greater than unity.

As such, the crucial performance parameter, expectancy value (EV), is unfavorably influenced by the poor W/L so that its recorded value is just $1.81. As the test data used to determine these parameters was amassed over a number of months, the weak EV does not ensure that the Forex Growth Bot will create constant future profits over identical time-frames The primary worry is that this robot may not be able to handle freakish or unusual conditions resulting in additional losses. However, if the Forex Growth Bot still appeals to you, then your optimum way forward may be to initiate our advised plan of action as your next move.

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