The Automated Forex Growth Bot Expert Advisor Offers Potential For High Forex Profits

The Forex Growth Bot Expert Advisor is one of the more popular automatic trading systems being marketed online. Its popularity can be traced to the aggressive marketing strategy it employs getting various affiliate networks like ClickBank to sell the market online. On its website, the system claims it has made '1,000% profit in live trading over a matter of months'. But is it really a real money maker or a mere hype? To get an answer to this, we need to first understand some basic things about this type of product and the market place on which it is used.
Forex is the popular name for foreign exchange market, which is the largest financial market in the world. It is a highly volatile market place where prices can be very explosive at one time then go into the doldrums for a while. Many investors are attracted to play (invest should be the more formal word) this market because it is where one can make a fortune overnight - or totally lose its shirt
in a single run. It is not therefore uncommon for traders to catch an explosive price trend and generate huge profits from that single price surge - just as it is also not uncommon to see a horde of frustrated losing traders too.
Forex Growth Bot derives its name from this market (forex) on which it is exclusively used. 'Bot' is actually a contraction of the word robot can be likened to search engine crawlers like Google bots and connotes automation and automated systems. In short Forex Growth Bot is an automated trading system for trading the forex market. Simply put, it is a set of trading rules used to help traders determine market entries and exits (when to get in or out of the market). The 'EA' in its name refers to 'Expert Advisor' an advanced feature of Meta Trader 4 a popular online trading platform used investors to execute their buy and sell orders in real time. This trading platform is freely downloadable from any online forex broker site using them.
With the built-in Expert Advisor feature of the Meta Trader trading platform, anyone can actually develop and test a trading system of his own using his own set of rules, parameters, and technical indicators. The Forex Growth Bot Expert Advisor is no more than a trading system designed for use with the Meta Trader Platform. It is written in Meta Trader's unique proprietary programming language known as MQL4 and integrates the developer's own proprietary set of trading rules and parameters with Meta Trader. (Sadly, this means it can not be used with other trading platforms much less with a broker who uses another trading platform.)
It's a pity we can not pry open the system to find out what indicator or algorithm was used by the developer. We can only surmise that the trading system uses some or a combination of trend-following indicators to determine the entry points, and a money management program to calculate the exit points. Let me point out here that this is actually no big deal! Any trend following system will make money as long as it is able to position early (while a trend is still starting) and subsequently build up more positions as the trend progresses. Such a system can generate several false starts and be stopped out several times but it will eventually catch a trend! Once it catches a trend, it starts beefing up positions. This is how I believe Forex Growth Bot works as can be gleaned from the trading record it posted on its website.
'Whipsaw' moves in the forex market are frequent which can trigger the trading stops. They can eat up your profit, even wipe it out completely! Alas, this is where Forex Growth Bot has a plus factor. It has an effective money management system that sets trading stops carefully calculated to cut losses early. This way, sufficient margin remains to initiate new positions again and again until it catches a trend and establish a trade in the right direction. Indeed, any trading system that incorporates such a tight stop loss strategy has a greater chance of ending up on the profit side in the long run! But that is for as long as the account doesn't run out of margins while stops are triggered and losses are accumulated by successive false starts.
"A successful trading record in the past is never a guarantee of a profitable future trading performance". This is how forex regulating agencies caution us from time to time - to avoid being swayed so easily by people leveraging on their profitable past trading records.
However, we should not belittle Forex Growth Bot's claim of achieving an almost unbelievable 1000% percent trading profit in only a few months of trading! It may simply work wonders for you under normal market conditions! Just make sure you have sufficient margin to sustain you until you are able to hook that proverbial profitable trade. Unfortunately the system works effectively on EUR/USD as recommended by the developer himself.
As they say, "the proof of the pudding is in the eating!" You wouldn't know if it really works until you try it yourself. Anyway, it costs less than a $100 and comes with a 60 day money back guarantee. That is more than enough time to test the system on real time with a demo account! For all you know, with a just few adjustments and or some tweaks of your own, Forex Growth Bot may yet turn out to be a real money maker!