There are few solid reasons why I chose Forex Growth Bot as my very first EA to trade out of hundred thousands of EAs out there:
1. Have no suffered any losses (annually return) since year 2000 (with Tim’s Optimization Settings)
2. There is LIVE account by vendor and it is proven profitable
3. I bought it and backtested it. Backtesting results shown it is profitable over the past 13 years (from year 2000 till 2012)
4. It is the trend following EA and not scalper EA
5. Stop loss and take profit are hidden from broker (Not possible of stop hunting)
6. Risk to reward is 1 to 2, as the average winning trades are double of the losing trades
* Disclaimer: Backtesting results are not equal to LIVE results as it is traded in the most ideal environment and might possibly give the better results than real LIVE trading results. For me, if the backtesting results in the first place already not profitable, then it make no sense to go LIVE. However if the backtesting results are profitable, then at least after we discount the 10% of the profit due to swap rate, variable spreads, etc.. and it is still profitable then it make sense to go LIVE trading.
I’ve bought this Forex Growth Bot EA and it cost me $ 129. Immediately after receiving the EA, I did a full backtesting on this EA, to see whether it is profitable CONSISTENTLY yet having the LOW maximal drawdown? And what is the worst case if I buy this EA? Let’s find out!
Following are all my backtesting results and statement by using:
- Alpari UK demo account
- Deposit $10,000
- Lot size constant 0.40
- Spreads 1.6 pips
- Backtesting time form 2000 to 2012 (13 years)
- Using Tim’s Optimization Settings
Forex Growth Bot (Tim’s Optimization Settings) Overall Performance
(2000 – 2012)
Consistent Growth with deposit $10,000 and constant 0.40 lot size (Tim’s Optimization Settings
Winning percentage: 44% (with Tim’s Optimization Settings
Risk to reward ratio: 1 to 2 (with Tim’s Optimization Settings)
2000 – 33% annual return (Tim’s Optimization Settings)
Initial deposit: $10,000
Total net profit: $3,252 (881 pips)
Maximal drawdown: $4,070, which is 29% (1,017 pips)
2001 – 43% annual return (Tim’s Optimization Settings)
Initial deposit: $10,000
Total net profit: $4,269 (1067 pips)
Maximal drawdown: $1,878 which is 13% (469 pips)
2002 – 42% annual return (Tim’s Optimization Settings)
Initial deposit: $10,000
Total net profit: $4,175 (1,103 pips)
Maximal drawdown: $2,390 which is 17% (426 pips)
2003 – 52% annual return (Tim’s Optimization Settings)
Initial deposit: $10,000
Total net profit: $5,160 (1,290 pips)
Maximal drawdown: $2,464 which is 22% (616 pips)
2004 – 160% annual return (Tim’s Optimization Settings)
Initial deposit: $10,000
Total net profit: $16,045 (4,011 pips)
Maximal drawdown: $1,664 which is 8% (416 pips)
2005 – 92% annual return (Tim’s Optimization Settings)
Initial deposit: $10,000
Total net profit: $9,231 (2,307 pips)
Maximal drawdown: $1,738 which is 11% (309 pips)
2006 – 60% annual return (Tim’s Optimization Settings)
Initial deposit: $10,000
Total net profit: $5,969 (1,492 pips)
Maximal drawdown: $1,926 which is 12% (481 pips)
2007 – 45% annual return (Tim’s Optimization Settings)
Initial deposit: $10,000
Total net profit: $4,477 (1,119 pips)
Maximal drawdown: $1,595 which is 14% (398 pips)
2008 – 91% annual return (Tim’s Optimization Settings)
Initial deposit: $10,000
Total net profit: $9,122 (2,280 pips)
Maximal drawdown: $2,779 which is 14% (569 pips)
2009 – 163% annual return (Tim’s Optimization Settings)
Initial deposit: $10,000
Total net profit: $16,346 (4,086 pips)
Maximal drawdown: $1,809 which is 9% (452 pips)
2010 – 69% annual return (Tim’s Optimization Settings)
Initial deposit: $10,000
Total net profit: $6,859 (1,714 pips)
Maximal drawdown: $1,669 which is 16% (417 pips)
2011 – 73% annual return (Tim’s Optimization Settings)
Initial deposit: $10,000
Total net profit: $7,307 (1,826 pips)
Maximal drawdown: $1,504, which is 9% (376 pips)
2012 – 42% annual return (Tim’s Optimization Settings)
Initial deposit: $10,000
Total net profit: $4,175 (1,043 pips)
Maximal drawdown: $2,390 which is 17% (597 pips)
Forex Growth Bot (Tim’s Optimization Settings) Backtesting Results (2000 – 2012)
What is The Worst Case that can Happen to me When Using Forex Growth Bot
If you ask me, what am I considering before buying this EA. I would say that I will consider the worst case or worst drawdown that can happen to my hard earn money in live account. Over the past 13 years backtesting, following are the worst scenario that possible can happen to me in my future:
- The maximal drawdown is up to 29%
- There will be no growth in your account for up to 6 months (2003 and 2007)
For me, I am able to tolerate with these two worst cases (or even slightly worst than these). Thus I can avoid my account being wiped out and not to keep changing from one system to another system!
Now that I have already taken care of the risk of using this EA, I can assure that I’ll be able to enjoy long-term consistent profit (average 74% annual return) with total peace of mind.
Forex Growth Bot
(Tim’s Optimization Settings vs. Default Settings)
| Forex Growth Bot | Tim’s Optimization Settings | Default Settings |
| Suffered any losses from 2000 till 2012 (based on annual return) | No (Loss Proof) | Yes |
| 2001 annual return | 33% growth | 5% loss |
| drawdown (based on 0.4 lots size) | 29% (lower drawdown) | 57% (higher drawdown) |
| Trading frequency (No. of trades 2000-2012) | 3908 | 6595 |
| Average Annual Return (based on same 29% drawdown) | 74% (higher return) | 47% (low return) |
| Profit factor | 1.48 | 1.39 |
I’m currently only using Tim’s Optimization Settings due to the lower drawdown and higher return.
If you would want to buy this Forex Growth Bot EA, buy it via this link, Forex Growth Bot Sales Page. (It comes with 60 day money back guarantee) and receive my loss proof settings (Tim’s Optimization Settings), which I am currently using.
After you have purchased, simply go to my contact us page and drop me an email together with your clickbank receipt. I will email you the settings within 24 hours.
If you’re not convince with the above results, you can test this EA by following the following steps:
- First, go to Alpari UK website and register a demo/live account
- Download the MT4 platform
- Register an demo account
- Download complete high quality minute (M1) alpari forex historical data for metatrader 4
- Download the fixed spreads: Using a Fixed Spread for Backtesting Forex EA with MT4 Strategy Tester
- Then you can start backtesting using the strategy tester
If you’re not satisfy with the whatever trading results, simply ask the refund back from vendor. After all you have nothing to lose.
In conclusion, the worst case that I can think of is to ask for refund if I’m not satisfied with the product or it did not meet my expectation.
Feel free to leave the comment below on what you think?