GBPBOT Demo Account Stopped test
08.27.10 GBPBOT has blown 89% of equity in a month and couldn't open another trade ever since. Time to close the test.
04.28.10 GBPBOT start to trade only after turning ON strategys A, B & C together... (why not default?)
04.21.10 GBPBOT did not place a single trade on our account for over a month. Our member Mike W. sent us a note that in his own tests GBPBOT trades with MigFX and does not trade with FXCBS. We are restarting our test with the different broker now in hope that we can see some activity.
GBPBot sales copy starts with: "Read on to discover, how a newbie on the Forex Market stumbled upon the greatest finding on the Currency Exchange and something that big wigs were till this time keeping under wraps. This unforgettable discovery will swipe unimaginable amounts of cash from Forex every single day…". After reading it I got the strong feeling that I've seen something similar before... possibly you too and probably many times already... and it doesn't say anything about the trading system :)
Well, there isn't a reason not to buy and test this robot, is it? Even if upsale system makes you to click "I don't want this" link so many times, that you forget what you were initially buying :)
03.10.10 GBPBOT can work only on GBPJPY so installed on GBPJPY M1 (!) chart with default settings...
Statement MIG Bank
Closed Transactions:
| Ticket | Open Time | Type | Size | Item | Price Open | S / L | T / P | Close Time | Price Close | Commission | Taxes | Swap | Profit | Pips |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 32477136 | 2010-04-28 06:13 | balance | Deposit | 5,000.00 | 0 | |||||||||
| 32477141 | 2010-04-28 06:13 | sell | 0.83 | gbpjpy | 142.39 | 142.13 | 0.00 | 2010-05-05 08:53 | 142.13 | 0.00 | 0.00 | -38.64 | 230.97 | 26 |
| 32656034 | 2010-05-05 09:04 | sell | 0.86 | gbpjpy | 142.16 | 142.05 | 0.00 | 2010-05-05 13:16 | 142.05 | 0.00 | 0.00 | 0.00 | 100.73 | 11 |
| 32663167 | 2010-05-05 13:28 | sell | 0.88 | gbpjpy | 141.53 | 141.47 | 0.00 | 2010-05-05 14:44 | 141.47 | 0.00 | 0.00 | 0.00 | 59.19 | 6 |
| 32665775 | 2010-05-05 15:22 | sell | 0.89 | gbpjpy | 141.63 | 141.47 | 0.00 | 2010-05-06 01:29 | 141.47 | 0.00 | 0.00 | -17.66 | 155.56 | 16 |
| 32674983 | 2010-05-06 01:45 | sell | 0.91 | gbpjpy | 140.60 | 140.49 | 0.00 | 2010-05-06 02:01 | 140.49 | 0.00 | 0.00 | 0.00 | 105.27 | 11 |
| View full statement | ||||||||||||||
| 33273076 | 2010-05-25 00:57 | sell | 0.40 | gbpjpy | 128.65 | 128.59 | 0.00 | 2010-05-25 01:19 | 128.59 | 0.00 | 0.00 | 0.00 | 27.19 | 6 |
| 33274748 | 2010-05-25 01:34 | sell | 0.41 | gbpjpy | 128.49 | 128.18 | 0.00 | 2010-05-25 02:42 | 128.18 | 0.00 | 0.00 | 0.00 | 140.81 | 31 |
| 33278648 | 2010-05-25 02:56 | sell | 0.43 | gbpjpy | 128.15 | 128.09 | 0.00 | 2010-05-25 04:02 | 128.09 | 0.00 | 0.00 | 0.00 | 30.67 | 6 |
| 33281706 | 2010-05-25 04:13 | sell | 0.44 | gbpjpy | 128.07 | 127.91 | 0.00 | 2010-05-25 05:04 | 127.91 | 0.00 | 0.00 | 0.00 | 79.55 | 16 |
| 33285232 | 2010-05-25 05:24 | sell | 0.45 | gbpjpy | 127.68 | 0.00 | 0.00 | 2010-05-27 00:54 | 130.70 | 0.00 | 0.00 | -12.44 | -1,504.37 | -302 |
| 33360825 | 2010-05-27 01:05 | sell | 0.20 | gbpjpy | 130.68 | 130.62 | 0.00 | 2010-05-27 03:27 | 130.62 | 0.00 | 0.00 | 0.00 | 13.51 | 6 |
| 33366450 | 2010-05-27 03:39 | sell | 0.20 | gbpjpy | 130.52 | 0.00 | 0.00 | 2010-06-01 08:35 | 133.58 | 0.00 | 0.00 | -4.10 | -669.80 | -306 |
| 0.00 | 0.00 | -161.14 | -4,282.33 | 24 | ||||||||||
| Closed P/L: | -4,443.47 | |||||||||||||
Open Trades:
| Ticket | Open Time | Type | Size | Item | Price Open | S / L | T / P | Price | Commission | Taxes | Swap | Profit | Pips | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00 | 0.00 | 0.00 | 0 | ||||||||||
| Floating P/L: | 0 | |||||||||||||
Working Orders:
| Ticket | Open Time | Type | Size | Item | Price Open | S / L | T / P | Market Price |
|---|
Summary:
| Deposit/Withdrawal: | 5,000.00 | Credit Facility: | 0.00 | ||
|---|---|---|---|---|---|
| Closed Trade P/L: | -4,443.47 | Floating P/L: | 0.00 | Margin: | 0.00 |
| Balance: | 556.53 | Equity: | 556.53 | Free Margin: | 556.53 |
Details:
| Gross Profit: | 22,167.92 | Gross Loss: | -26,611.39 | Total Net Profit: | -4,443.47 |
|---|---|---|---|---|---|
| Profit Factor: | -0.83 | Expected Payoff: | -54.86 | ||
| Absolute Drawdown: | 4,443.47 | Maximal Drawdown: | 19,039.12 (97.16%) | Relative Drawdown: | 97.16% (19,039.12) |
| Total Trades: | 81 | Short Positions (won %): | 81 (91.36%) | Long Positions (won %): | 0 (0.00%) |
| Profit Trades (% of total): | 74 (91.36%) | Loss trades (% of total): | 7 (8.64%) | ||
| Largest | profit trade: | 3,540.22 | loss trade: | -13,757.18 | |
| Average | profit trade: | 299.57 | loss trade: | -3,801.63 | |
| Maximum | consecutive wins ($): | 24 (2,519.48) | consecutive losses ($): | 1 (-13,757.18) | |
| Maximal | consecutive profit (count): | 14,595.65 (18) | consecutive loss (count): | -13,757.18 (1) | |
| Average | consecutive wins: | 11 | consecutive losses: | 1 | |