• Hello Interested People,
  
  Just some quick notes about IvyBot.
  
  (But first let me remind you today is the LAST DAY to fund your Tazoodle account and get the 200% bonus (you put in $100, you get $300 in credits) and also the last day to join Millionairex1 for the lower price before launch tomorrow. See:
  http://www.getresponse.com/archive/interestedpeople/Interested-People-Tazoodle-and-Millionairex1-Both-need-action-before-August-1-2699039.html for more info. Thanks! )
  
  Back to IvyBot (more info here: http://www.getresponse.com/archive/interestedpeople/Interested-People-IvyBot-Everybodys-talkin-about-this-new-forex-robot-2691550.html )
  
  1. Supposedly the price is going up today. I don't know if it is true or not though... but that is the rumour. So if you are considering it, buy it now at the lower price, and decide within 60 days if you want to keep it or not. It is VERY easy to get a refund from clickbank if we decide it is a dog.
  
  2. According to the manual, Ivy doesn't trade 5 digit brokers (ecn accounts). Ivybot developers do say they will have the robot prepared for 5 digit trading in a few weeks however.
  
  3. For those wanting to keep an eye on the ivybot robot, I have set up 2 demos. One is at fxopen and can be watched here:
  http://ivydemo.mt4stats.com/
  
  The other is at gomarkets and can be watched here:
  http://dizivydemo.mt4stats.com/
  
  However, gomarkets uses ecn trading and 5 digits and Ivybot is not supposed to work with 5 digit trading. It seems to be doing ok so far though, I figured we could try it anyway since it is just a demo account. What the heck!
  
  4. Backtesting wasn't that great. But since the algorithms are supposed to be adjusted for current market conditions and updated often, it makes sense that backtesting what works in today's market wouldn't necessarily do well in the past.
  
  5. The last few months did backtest fairly well and especially the usd/chf which had 100% wins from Jan to present.
  
  6. IvyBot has a default stop loss of ZERO and manages stops internally. This can be very dangerous if the robot stops functioning for some reason (platform is turned off, internet connection cuts off, etc) because a zero stop loss can completely wipe out an account. You can change that in the settings, but you have to give it enough room for the robot to manage its trade.
  
  7. That said, from backtesting results, losses ranged from a few pips to 200/250 pips. So expect some drawdown with Ivy trading and plan your risk according to your account size (margin) and how much drawdown it can handle.
  
  8. Also from backesting, we can see that Ivy doesn't necessarily trade often. All 4 currency pairs can go for months at a time without trading. This says that the robot is very particular about signals and will only open a trade when all conditions are met. So you may have a lot of trading one month on 2 pairs and no trading at all on the other two or any mix of the 4 pairs trading and not trading.
  
  9. IvyBot is NOT a scalper! The take profit defaults are pretty big, but this is managed internally by the robot as well. It will close a trade with a smaller take profit than the default setting. But the default numbers are more in line with position trading (I think that is what it is called). This is where you choose an entry and an exit and stick with it over a long period of time if necessary to get to your target. But clearly from the demos, it does scalp as well.
  
  10. I don't recommend going live with this robot until we can see it in action. So let's keep an eye on the demos for a while... we have 60 days to decide.
  
  11. Whatever you do, do not open an account at the broker they recommend in the manual. Almost all the robot developers "recommend" this same broker and I will tell you why. It is an introductory broker for another actual broker (I am not sure which one, it used to be FXCM). What this means is your actual trading account will be with the actual broker, but it passes thru this introductory broker first. The IB gets a full pip on every trade you make and this is split with the robot developers. That pip is coming out of YOUR spread and actually makes it harder for the robot to win trades.
  
  For example, at the actual broker, the spread is 4... but passing thru this IB that spread is showing up as 5. That means you lose an extra pip on every single trade, win or lose. And that one extra pip can make the difference between a trade closing in profit and turning around and closing at a loss instead.
  
  I am not saying the developers don't deserve to earn extra money for their work, I am just saying that it is an expensive way for you to express your appreciation! Use a direct broker instead of passing thru their IB link!
  
  12. Well, that's it really. LOL All I can think of anyway. My link for IvyBot is:
  http://suzanna.ivybot.hop.clickbank.net
  
  Info pages for FapTurbo and MegaDroid can be found here:
  
  http://fapturbomakesmoney.com/
  
  http://megadroidmakesmore.fapturbomakesmoney.com/
  
  And Advanced MegaDroid Tactics can be found here:
  https://www.e-junkie.com/ecom/gb.php?cl=70360&c=ib&aff=69128
  
  My live stats can be seen here:
  
  http://suzannaibfx.mt4stats.com/
  
  and here:
  
  http://suzanna.mt4stats.com/
  
  
  If you aren't having good results with FapTurbo, contact me and get my settings ASAP!
  
  Have a great weekend and THANK YOU!
  Suzanna

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

   

  July 31st, 2009 at 5:31 am

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