Forex Growth Bot receives only 3 stars, which is same as Forex Over Drive. It features high 148% ROI and relatively moderate profit factor of 1.66 which is better then Forex BulletProof. It has 9.05% Max Draw Down which is better then Forex BulletProof (19% Max Draw Down) and Forex Over Drive (21% Max Draw Down).
Forex Growth Bot score only 190 for S3 grading because it feature live real test results, posted history back tested results, provides proof of past results, a comprehensive FAQ section, money back guarantee and instant access to download the software.
How this Forex Trading Software rank among others?
Attach a table below summary of Forex EA software comparison using ROI, Profit factor, Max Draw Down, S3 scores and Alexa.com rank. Forex Growth Bot is high lighted in Red colour.
|Forex EA||ROI (Monthly)||Profit Factor||Max Draw Down||S3 Scores||Rating||Alexa.com|
|FAP Turbo||207%||31.77||0.32%||280 points||5 stars||Rank 31,123|
|GPS Forex Robot||28%||3.93||5.68%||260 points||4 stars||Rank 283,290|
|Forex MegaDroid||19.8%||NA||NA||250 points||4 stars||Rank 72,310|
|Leo Trader Pro||32%||2.85||5.84%||250 points||4 stars||Rank 213,570|
|Forex BulletProof||11%||1.32||19%||250 points||4 stars||Rank 309,467|
|Million Dollar Pips||925%||2.13||2.58%||240 points||4 stars||Rank 75,635|
|Forex Growth Bot||148%||1.66||9.05%||190 points||3 stars||Rank 214,229|
|Forex Over Drive||5.8%||NA||21%||190 points||3 stars||Rank 453,393|
Forex Growth Bot popularity from Alexa Traffic Rank: 214,229 which is comparable with Leo Trader Pro (213,570), GPS Forex Robot (283,290) and Forex BulletProof (309,467).
Stretegy Tester Report
Forex Growth Bot published many back test results and one of the summary results is posted here below for review. (Click on picture for detail). This strategy tester report is on EURUSD currency from 2006 Jun to 2011 Jun. Total executed 2161 trades with 1080 trades for Short position and 1081 trades for Long position.
The account started with $500 and exploded to $200k over 5 years. With 1.66 Profit Factor and 9.05% maximum draw down. Meaning you make $2.66 for every $1 you loss and maximum loses of $9.05 out of $100 account.
Profit Factor is gross profits divided by gross losses. (Higher value better)
Winning trade percentage is total win trades divided by total trades (win+loss). (Higher value better)
Maximum drawdown percentage is the highest losses you have divided by account balance. (Lower value better)
Trade Result Analysis
Trade Result Analysis
Forex Growth Bot is a consist MT4 Expert advisor Forex Trading software that provide passive income for Forex trader that is looking at automated trading using MT4 platform. The website features live account updates and plenty of historical results. This is one of the best software programs that you have to own it. (Click on the picture to see in detail)
Attached screen shot for Forex Growth Bot with starting balance of $250 from 2010 Nov 02. As of 2012 Feb 07, the balance reaches $5202, which gives an ROI 148% monthly (total 14 months). This is much higher then comparison unit trust and stock market
What strategy is it?
Attached screen shot of Forex Growth Bot from 13 Jan 2012 to 31 Jan 2012
(Click on the picture to see in detail)
Forex Growth Bot trade here only EURUSD currency pair with trades opening majority during 10:00hr to 19:00 hrs GMT. There is no money management built in as trades are executed with fix 0.15 lot as define by user.
The wining trades profit of between 10 pips to 40 pips. And stoploss of 20 to 80 pips depending on the 4H/daily chart range values. Trades are executed independently and may open more then 5 trades at any given time.
S3 Grading Scoreboard
Forex Growth Bot trade using scalping strategy, will abilities to open up multiple trades if the currency bounces back and forth triggering the trade setup. Main trading currency is EURUSR, with money management built in, overall wins average across open trades to maintain winning pips.
Best Forex Automated System Top Ranking - My S3 grading system for Forex Growth Bot is 190 points because it feature live real test results, posted history back tested results and provides proof of past results.
Is has a comprehensive FAQ section, money back guarantee and instant access to download the software.
Total points = 190 point
(3 out of 5 stars)
Not enough? Read more...
Click here to access the website for 1 more live trading account, 6 more back tested summary and purchase for instant download ---> Forex Growth Bot