My Forex Growth Bot Review

I have to admit it has taken me ages to write this review of Forex Growth Bot, as what are you meant to say. I installed it onto my copy of metatrader, it did or didn’t make me money, so either don’t or do bother buying it. I could go on about how it should give you a 1000% increase in your account, but if you believe all that nonsense, I have lots of shiny things I could sell you for a very nice price.

OK so for the last year I have been running a copy of Forex Growth Bot on my VPS, and just keeping a note of how many pips I make. Now firstly I think I have to say these are my results and yours could be wildly different, and remember you can lose money in Forex as well as make it.

So here are number of pips I made starting in 2012 running the bot against FXPro on a VPS based in the UK, as you can see I am currently up 1626 pips for the year.
2012
Oct 221
Nov -290
Dec -47
2013
Jan 572
Feb 222.95
Mar -355
April -184
May 160
June 1289
July 26
Aug -542
Sept 318
Oct 210
Nov 26

Updates since writing initial article.
Dec -14
2014
Jan -376

Just so you can have a look I have also setup my account on Myfxbook.

So what do you take from this? My main point is that if I had bought this in March/April or August 2012, I would have probably thrown Growth Bot into the recycle bin, but would have been laughing all the way if I had installed it in June. This is one point I want to make about EA’s they all have bad months and you had to be able to ride the storm, but admitably even in August I was think about binning it.

For example, the settings I use on the Bot are from the Forex Mentor Pro forum, and had been tested by numerous people who specialise in testing bot and were recommended to work the best, but even in that forum I see people saying how they have turned off the bot till the trading conditions are more favorable, how do they know when this is? If they didn’t think June was favorable they would have missed out on all those pips.

What I am sure you also notice is that I am not making as many pips as the bots sales page says it should, again not surprised by this, but at the end of the day I have made pips, happily covered my expenses, and made more that having my money sitting in a bank.

So the technical stuff:
Installation was a breeze, nice click through installation. You have to license your copy which you need your clickbank receipt for, but again no problem.

I did have to get in touch with support once regarding the bot not activating, I had been playing around with the licensing and it just decided to stop activating. They did get in back to me quickly enough, even though I actually fixed the problem by re-installing Metatrader and then the bot. This probably explains why November was such a bad month as the Bot just sat there doing nothing for a couple of weeks till I noticed it wasn’t working.

I do run my bots on a VPS based in the UK from a company called Tagadab and really if you are wanting to run a bot you need to have a VPS, I wrote an article 5 Quick Reasons to use a VPS for MT4 if you need more info.

The bot is sold through ClickBank so you get 60 day money back guarantee, and it also means it is pretty easy to buy.

So in answer to my own questions at the beginning, yes it’s easy to install, it has made me pips and yes I would therefore say I am happy with my purchase and if you want to have a look just goto Forex Growth Bot and yes these are affiliate links and I will earn some commission if you decide to buy, but really are you surprised by this, if so I have some more shiny things I would like you to buy.

Any questions or comments let me know, I’ll try and update the amount of pips as time goes marching on…..

Some handy keyboard shortcuts for Metatrader

I remember years ago, bored at my job thinking there must be other keyboard shortcuts I don’t know about. All I knw was CTRL-C to Copy and CTRL-V to paste, so I spend some time holding down the Windows key and the CTRL key and going through every letter on my keyboard.

After all these years the only 2 ones that I remember that are off any use have been Windows Key + E, brings up Windows Explorer and Windows Key + M, minimises all your open Windows and takes you back to the desktop, but what has this to do with Metatrader I hear you ask, well…….. I has the same thought that there must be quick keys for Metatrader, and after extensive testing ) here some Metatrader ShortCuts that I have come up with.
Misc.
• <- (left arrow)— Scroll chart left.
• -> (right arrow)— Scroll chart right.
• Page Up — Scroll chart left fast.
• Page Down — Scroll chart right fast.
• Home — Move chart to the start point.
• End — Move chart to the end point.
• F12 — Move chart left one bar at a time.
• Shift+F12 — Move chart right one bar at a time.
Chart Zooms
• “-” (minus) — Zoom chart out.
• “+” (plus) — Zoom chart in.
Chart Tools
• Ctrl+F (or middle mouse button) – Enable Crosshair.
• Ctrl+P — Print chart.
• Ctrl+S — Save chart to a CSV file.
Open Windows/Panes
• Ctrl+I — Open/close the “Indicators List” window.
• Ctrl+D — Open/close the “Data” window.
• Ctrl+M — Open/close the “Market Watch” window.
• Ctrl+N — Open/close the “Navigator” window.
• Ctrl+O — Open the “Setup” window.
• Ctrl+R — Open/close the “Tester” window.
• Ctrl+T — Open/close the “Terminal” window.

So there you go, some of these you might use but and some might just fade away, but the more you use them on your Hosted Metatrader the more they might stick. If you have any that I have missed let me know

How do you get yourself a VPS for Metatrader

OK, you may be thinking that you now need to get a VPS to help with your trading , and it may be for the reasons detailed in my blog post, Why do you need a VPS for Metatrader? but you may actually be stuck on what you actually have to do to go about ordering one.

Most Webhosting companies now a days will be able to offer you a VPS that you can use.  Although they meant for people who want to host many websites and don’t want shared hosting, or need a lot of resources these VPS solutions can be perfect for what you need to run Metatrader.

Generally you should be looking for a Windows 2008 Servers with 1GB of RAM, 50GB Harddrive and a certain amount of bandwidth. The baseline prices you see advertised will be for the VPS to come with Linux, but remember that you need Windows, so remember to change that option. Most will allow monthly billing, and probably the best option till you are sure they are reliable, then if you want you could pay for a year because most providors will offer you discount on that, but your call.

I personally use a VPS from Heart Internet which comes with all the above and I have found to be pretty rock solid for the last year. One reason I chose them was that they are based in the UK and my main broker is in the UK. Why is this important? you should try to pick a VPS company whose servers are at least based in the same country or locale as your broker, as then you should get a decent connection speed for you trading, as the last thing you want is lag if your VPS is in the USA and your broker is in Europe.

Once you have your VPS you will need to Connect to it and also install Metatrader these are covered in my 2 videos shown below:

Connect to your VPS for Metatrader

Install Metatrader 4 on your VPS for MT4

I hope this has been of use and let me know if you have any questions by adding a comment.

A Few tips to Speed up & Secure your VPS for Metatrader

Here are some tips to help you secure and speed up your VPS for Metatrader. The main constraint you have with a VPS, unless you want to spend a load of money is the memory to these tips should help you to make best use of the memory you have.

1. Minimizes visual effects, will streamline the look & feel of your system, and make it run & feel faster. To do this goto:
Control Panel – System – Advanced tab – Performace  and set it to  Adjust for best performance.

2. Do not run any other software on it, you only want Metatrader to be running, other software will use up resources and slow down your VPS.

3. Disable any unwanted services, only do this if you know what you are doing, disabling the wrong service could make your VPS unusable.

4. You should also reboot your VPS often and exit any programs that you are not using; make it a weekly task for you to do.

5. The last thing you want is someone to break into your VPS so please ensure you have a complex password.  A 6 Character all lowercase password can be broken in 5 minutes, add in some uppercase characters ,under 6 hours. If you use a password with 9 characters with a mix of number and symbols, you are looking at 19,985 years for the for a password cracker to get. It might be a pain to remember, but could save you in the long term.

How to use templates in Metatrader

Once you have your chart setup with all the indicators you use, the colours you like and the trend lines you want, you may be thinking that you really don’t want to waste time going through do this on every chart you open in Metatrader. This is where a template of your how you have configured your charts can help you, by giving you a constant look and feel to the charts you open.

With a Metatrader template you can create a set chart parameters that can be applied to any other charts. that you open. In this template you can store the following;
• The chart type and colour
• Color diagram
• Chart scale
• OHLC (open-high-low-close) line shown or hidden
• The attached expert advisor and its parameters
• Custom and technical indicators with their settings
• Line studies
• Separators of days.

What you could do is create a template that includes indicators that you like to use,for example, a couple of moving averages and then change the colour of the lines and the candlesticks. You can then save this as a template and apply this to any charts that you then open. I have a number of templates that I have created, from very simple changes to colours to the more complicated.

Any templates you create are stored in the /TEMPLATES directory as TPL files, that can be found in the location you installed your copy of Metatrader to.

If you have a look in this folder, you will see a, DEFAULT.TPL, which is created during installation of the terminal, and will be used by any new chart that you open. You can never delete the DEFAULT.TPL, but you could change one of your templates to become the default, by just renaming it to DEFAULT.TPL. Once you have created your templates you can also copy them to any other installation you have of Metatrader you have, say on a VPS, so you can have the same look and feel to Metatrader.

To go about creating a new template., firstly setup the chart how you want and then in Metatrader, on the toolbar goto “Charts — Template — Save Template…” and give it a name that you will remember.
To then apply this template to another chart, open up a chart, and go to
“Charts — Template” and either click load template and select the template you just created, or you should see it in the list of templates that are available.

If you want to remove the template, just goto “Charts — Template — Remove Template…”, while on the chart you want to change and click the template to remove. You can also get all these options by just rick clicking on your chart.
As you can see getting to grips with templates in Metatrader can save you time and effort, allowing you to quickly set up the charts in any way that you like and apply the templates to any copy of Metatrader that you have running.

How to use Profiles in Metatrader

When working in Metatrader, you may want to work with a different group of charts than the group of charts you currently have open. Initially you may think that you will need to close then open each individual chart and then set it up the way you want it, each time you want to change the charts you are looking at, but there is a quick way you can do this, by setting up a profile of the charts you want to have open

Whenever you open a profile, each chart with its settings is placed in the same location when the terminal was last used, or when the profile saving. All changes in all chart windows of the given list are automatically saved in the current profile.

The list of all chart windows of the current profile can be found in the “Window” menu. The name of the current profile is displayed in the status bar window and checked in the profile managing menu.

When you first install MT4 a default profile is created, which has 4 basic currency pairs stored in it: “EUR/USD”, “USD/CHF”, “GBP/USD”, and “USD/JPY”.

You can then manage your profiles are from a single menu that can get to by:
1. File — Profiles” menu commands.
2. Selecting the button in the “Standard” toolbar.
3. By clicking with the mouse button on the current profile name in the status bar window.

To then use another profile, you just have to select the desired name from the list in this menu.  The new profile will be opened and become the current. The “Save Profile” command saves the current profile in its state by the moment of the beginning of the command execution under a new name. The new profile is a copy of the previous one and becomes the current. Profiles can be deleted using the “Remove Profile” command. The “Next Profile” command and Ctrl + F5 open all available profiles one by one, and the “Previous Profile” and acceleration keys Shift + F5 allow searching profiles in the reverse direction.

The one thing you have to do when running a Forex Robot

Hello,

One thing I have noticed in forums is the amount of people who go on about how they have lost money while using a Forex Robot, or go on about it worked really well and then lost a couple of trades and that was it for them and either bin it all, or say they will wait until the market conditions are better and then they will start it up again on their VPS for Metatrader.

I run the Forex Growth Bot on my VPS, and the one thing I have learnt is to leave it alone. The last couple of months haven’t been great for it, but in the last couple of days it has made back any short term losses and increased my account very nicely. Now if you were one of these people who turned the robot off on Metatrader, till the market is better, well you just missed it.

What I am really trying to say, you have to be in it for the long game. Okay my robot may have lost for a couple of months, but it has now made taht back, and the losses was only profit it had made, and no where near all of the profit.

If you have done all your due diligence on your robot and just leave it alone, all I do is a daily routine to check that the VPS, Metatrader and EA are all up and running, but hang on, what if you haven’t got the time to run due diligence on your robot? I would have a look at ForexMentorPro, where they have a forum that has people dedicated to finding out the best robots, testing them and seeing what the best settings are. You do seem to be bombarded with new robots on a weekly basis, and the Forex Mentor Pro forum, really helps to separate the wheat from the chaff.

Could your VPS password be hacked in 10 mins!

One question I get asked is why do  VPS for Metatrader servers come with such complicated passwords, and the simple answer is to stop them getting hacked. You don’t want someone gaining access to your Forex Accounts do you?  According to the list below released by Splashdata in 2012, we are still as lazy as it gets when we are choosing our password, with ‘password’ is still the most popular password…

Here’s the full list with comparison to the same report 2011:
1. password (Unchanged)
2. 123456 (Unchanged)
3. 12345678 (Unchanged)
4. abc123 (Up 1)
5. qwerty (Down 1)
6. monkey (Unchanged)
7. letmein (Up 1)
8. dragon (Up 2)
9. 111111 (Up 3)
10. baseball (Up 1)
11. iloveyou (Up 2)
12. trustno1 (Down 3)
13. 1234567 (Down 6)
14. sunshine (Up 1)
15. master (Down 1)
16. 123123 (Up 4)
17. welcome (New)
18. shadow (Up 1)
19. ashley (Down 3)
20. football (Up 5)
21. jesus (New)
22. michael (Up 2)
23. ninja (New)
24. mustang (New)
25. password1 (New)
Source: Gizmodo – The 25 most popular passwords of 2012

Looking at the list I do wonder why Ashley is on it, anyway, someone trying to break into your VPS  will use a tool that randomly guesses your password, and you can guess what the first 25 guesses will be, use a simple password 10 mins is all it take, use a complicated password and you are looking at 44,530 years.  So what makes the difference between a simple and a complicated password, well a simple password is 6 characters all lower case, while a complicated one is 9 characters, with an added symbol and number.

Below you can see how long it could take to hack your current password.
Length: 6 characters
Lowercase: 10 minutes
+ Uppercase: 10 hours
+ Nos. & Symbols: 18 days

Length: 7 characters
Lowercase: 4 hours
+ Uppercase: 23 days
+ Nos. & Symbols: 4 years

Length: 8 characters
Lowercase: 4 days
+ Uppercase: 3 years
+ Nos. & Symbols: 463 years

Length: 9 characters
Lowercase: 4 months
+ Uppercase: 178 years
+ Nos. & Symbols: 44,530 years

Unless you have someone really trying to get into your account a Hackers probably isn’t going to wait more than two days to get your ‘real’ password. So yes you can change the password on your VPS, but please ensure that you make it secure.

Any questions let me know.

5 Quick Reasons to use a VPS for MT4

OK so 5 quick reasons to use a VPS for MT4
1. Your Forex Robot needs a Fast connection to your Brokers servers, and your home Internet Connection just doesn’t give you that.
2. Your Forex Robot need to be constantly on-line, and your Home PC and Internet Connection can’t guarantee that.
3. You want all your trading to be run from one account that you can access from anywhere and any device including your laptop/iPad or even your smartphone.
4. You need to test an Forex Robot and want it to trade without any interruptions
5. You have multiple trading accounts with more than one broker and you trade from multiple places. A VPS will allow you to access all your account regardless of where you are.
Hope these have been quick enough for you, remember to sign up for our free report on how to get the best from your copy of Metatrader on your VPS.

Why do you need a VPS for Metatrader?

One question that gets asked quite a lot is why do I need a VPS for Metatrader, can’t I just use my home PC. If are doing your own trading you can get away with using your PC at home, but as soon as you start looking at running EA’s and Robots that need to be on 24/7 you really need to start thinking about getting a VPS for your Metatrader installation, and Forex trading.



If you look at the picture, this is probably the way your start out when trading with Forex, but if you want to run an EA/Robot on your home PC, you will encounter the following issues.
• Internet Connection: Can you rely on your Internet Connection 24/7 and it’s speed. I know I can’t, sometimes my router fails or the connection grinds to a halt.
• Power Failures: What happens if the power fails. You could buy a UPS, but these will only last a short time, and are really just to ensure the PC shuts down safely
• PC Errors: You probably use you PC for lots of other task, what happens if you start having problems with your PC, or the Hard Drive fails
If your Robot has an open trade and any of these 3 problems happen you could be in the situation of a trade that should be managed by your EA going against you and your account taking a beating.

So what can you do?
If you look at the picture above you can see that your copy of Metatrader and your EA/Robot is running on your VPS, but how does this help with the issues you might have experienced just using your home PC for MT4.

Your VPS will be housed in a special building called a Data Centre, that will house many companies critical servers, so to ensure these are always available they will have the following:

Internet Connection: Multiple connections to the Internet, if one link goes down another one will be
available. Plus your server will be connected to the internet and therefore your Brokers servers, faster, than you may get at home, and definitely more reliable.

Power Failures: Data Centres always have backup power generators, so you don’t have worry about power cuts, stopping your EA.

PC Errors: You don’t have to worry about PC or Hardware Errors, your VPS provider does. You should also just be running your
Metatrader and EA on your VPS.
Using a VPS also means you can connect to it anywhere you have an Internet Connection using what is called a Remote Desktops Connection. This allows you to connect to your VPS using your home pc, a laptop, iPAD and even your Smartphone. Your laptop or PC will already have the software installed on it you need, while for your iPad or Smartphone etc you’ll need a Remote Desktop App. You can find these by doing a search in the App Store for your device.

The easiest way to see this working is to watch our video on How to connect to your VPS

If you want to know how you go about getting a VPS have a look at this blog post: How do you get yourself a VPS for Metatrader