Posts from — August 2009

The trade that was opened yesterday basically ended with -$211.26 loss.

Apparently the Stop Loss is built within the robot, although it seems you can modify it according to the manual – which yet I have to read carefully.

But let’s do not jump to conclusions. We started bad, but it doesn’t mean we will continue this way.

For next trade! Keep tuned.

Hello there,

IVYBot has just opened the first trade in USD / JPY pair.

What I don’t like is that the S/L (stop loss) is 0.

Click to view the picture in full size – open in a new browser.

I need to see why SL is 0. SL means stop loss – at what quotes the order should close in case the trend goes against us. It is very important since as is the SL can go all the way down and wipes out our account.

Right now the trade is +12.60 up – but hey it is to early to blow whistles.

For tomorrow and we will see how the trade ha closed.

I have set up IVYBot this morning with BasicFX as the recommended broker and IVYBot is running on a Demo Account.

Unfortunately right now IVYBot works with 4 digit brokers, so I can’t use IVYBot on my Alpari UK account so far. However the IVYBot creators are going to release a new version to support 5 digit brokers (like Alpari) this week, so we will just have to wait and see prior going live. They have sent an email to their customers with this information thats how I know

I will be posting how this robot is doing when it starts trading.

See you.

So what is IVYBot Forex Robot? What are we expecting from it? Here is an overview of the IVYRobot. Of course this information is based on what we know so far on the robot.

IVYBot was launched on July 28th, 2009.

The robot was developed by Ivy League Grads.

Expect 2 – 6 trades a week.  At least better than Megadroid which only does 1 or 2 trades a week if we are lucky – but at least always successful

IVYBot is not a scalping system and is based on 1 hours time frame.  I read somewhere that scalping is possible but I need to see how.

The robot is based on many factors including trend analysis by price action, how long the trend has been trading and other factors.

This is GREAT: The robot trades 4 different pairs (Eur/Usd, Usd/Jpy, Usd/Chf, Eur/Jpy).  It has a robot for each pair, and not 1 robot for all.  So basically we have 4 robots developed and optimised specifically for its currency currency pair.   Unlike FapTurbo which was 5 currency pair in 1 and was a disaster in 3 of them.

Unlimited updates to new IVYBot settings when market conditions change.

So far it comes with 2 extra indicators – Market Watch and Session Profile Tool value of $450 each – according to the creaters of the IVYBot.

Market Watch:

The “Market Watch” indicator is a very simple indicator to follow. Just place it on your chart and follow the green and red lines. When the indicator shows a number of rising green bars, you know that the strength of the currency is rising. When the indicator shows a number of rising red bars, you know that the strength of the currency is falling. It’s that simple, when you see green you buy, when you see red, you sell.

Session Profile

The “Session Profile” indicator is also very simple to follow. Once placed on your chart, you will see three large boxes. They outline the different global trading sessions. You will be able to identify the open, close, high, and low of each of the three major global trading sessions: Asia, Europe, and Amercia.

Of course we will check and test the above tools and see if they are worth $450.  I am particularly interested in Market Watch.

When you buy IVYBot there is an upsell of $99 but I did not take the offer.

All the above comes with Clickbank return policy, so we have 60 days to trial and claim our money if this result in another B.S. robot.

Buy IVYBot now until it is still in the market – you have nothing to loose.  If it does not work, claim your money back as I will do in case it fails to deliver results.

After the hype of Fap Turbo Forex Robot, Megadroid Forex Robot and others, now we have another one – IVYBot Professional Trading Robot

As done with Fap Turbo robot, I will review and trial this robot and will post my results with HONEST review, sometimes with really blunt controversial posts in this blog – similarly to what I have done in Fap Turbo Scam Proof Blog.

I have purchased IVYBot last Friday, will trial it for a week and then move it to my live account. Is useless to trial it for long period of time in Demo Accounts since as you know, trading varies between demo and live accounts.

We will see how it goes. Subscribe to my RSS to keep yourself updated!