Monday, February 11, 2013

Forex Growth Bot Josep Settings | Worth a Try?

Hi Guys, I have recently started to trade Forex Growth Bot on one of my accounts using "Josep" settings. These settings are from a Forex Forum member that has tested these and released them for the public to use.
Below are these settings:

FIFO=false;
ClosePreviousSessionOrders=2;
Assign_PT_and_ST=false;
InternalControl=true;
ManualTradeControl=false;
MaxTradesPerSideAllowed=99;
BotComment=”Forex Growth Bot M15″;
FastVolatilityBase=3; SlowVolatilityBase=60;
VolatilityFactor=3;
ProfitTarget=0.36;
StopLoss=0.17;
ProfitLossVolatilityBase=50;
SmartExit=false;
TrailTargetPips=0;
TrailPips=0;

The above settings are from the "advanced" version of FGB. But you can still trade some of these settings with the "basic" version. Below is what you can use for the "basic" settings


With these "josep" settings the robot will not open as many trades so the draw down on your account will be lower. Thus we can use larger lot sizes to achieve the desired profits while still keeping draw down to a minimum. I recommend .01/500USD with these settings.

Below is a screen shot of my account. 


This is a small sample size but it is just to give you an idea of what to expect.