Changed Broker – now on Alpari
I have just changed the IVYBot robot to Alpari Broker since with Basic FX it the robot was a complete disaster. I had another big loss trade of -$112.
I am reading elsewhere that the robot is doing good trades. Jusat few hours ago our friend Teodore has posted his experience / results in this blog – see comment here - Ivybot Settings. I have also taken Teodore advice and changed the broker.
I don’t know if the broker plays a very important role in the case of this robot, since IVYBot should be a long term trading robot – but anyway let’s see.
Up for next post and if someone have good / bad experience with this robot please go ahaead and post here.
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76 comments
Hi all,
I will do the optimist till find out the best setting (sure) of this ivybot if some one send it to me at: dailytrader009@gmail.com
Thanks in advance.
David
David, for now I bet everyone is using the default settings. It is too early right now to start fooling around with settings, especially considering that the robot is being profitable as is.
And I don’t believe much on back tests.
yea back tests are kinda useless from my perspective…I mean the market now has probably nothing with to do with how the market was in 2003…The IvyBot dudes are supposed to update the bot to the current conditions…so theoretically back tests might even be a total disaster, since the settings in IvyBot will not apply to the past market condition.
Just try the Alpari account like every1 else…throw in $500 in there!!
it was @ David
I just closed my first trade with the IVY BOT on metatrader……I had 100.oo in a demo account and it lost 51.00 on the first trade for me….I started another account with 1000.00 to see how that would go….Will it do better if I use an Alpari US account? Even though it is the same software?
Hi Mike,
Loosing 50% of the account in 1 trade is not good, is very bad in fact. How much where the lots? 0.1, 0.2 etc?
Alpari UK and Alpari US although same company, have different spreads. Alpari UK yesterday introduced flexible spreads and basically made one of my robots useless. Alpari UK should be better for robots.
Please keep updating us on your results for a mutual benefit for everyone in this blog, since at the end of the day we are all trying to make this robot work.
yea the loss was unbelievable I was surprised the built in stop loss waited so long…..so far the new account with 1000.00 in it has not made any trades….the other account with the big loss was .1 lots…..the new one is also running on default settings with .1 lots….I am planning on staying with this broker (metatrader) for 3 weeks then switching to alpari for 3 weeks and if I am not happy with either I will return the BOT.
sorry to double post….the .1 lots will work fine with the 1000.00 account size corect?
opened a new trade today…..it was profiting 50.00….now it is down over 60.00…..I don’t know why it didn’t take profit or stop loss yet. I will post how it turns out….so far I am not impressed and wondering how you all go so many profitable trades…I am using .3 lots with the 1000 dollar account
the second trade just closed…..it had a profit of 50.00 went to a loss of over 90.00 then closed at -48.00 so far I have had 2 total trades and both have been losses.
Hi Mike,
To answer your previous question, yes 0.1 is good for $1000.
I had the above happened to me as well, and kept the trades open, than closed at a loss, but this all robots do it! That is why sometimes you need to take over.
See my last post for results – http://www.ivybotreviewblog.com/ivybot-review/ivybot-results-august-14-22/
thanks….novice questions here: how could I have taken profits? Just changed the TP amount at the bottom of the screen on the trade info?
Just right click on the trade, and select close trade option from the menu. A pop up window shows up, and select the big button Close Trade.
thanks! ….fyi I switched to Alpari UK and will post those results here.
alright I have the new ivy bot 5.0 running on alpari UK…..so far no trades (all standard settings — 1000.00 in the account using .1 lots) I will post the results here
why isnt anyone else updating on how they are doing??
I have not gotten a trade in 3 days on alapari UK….:(
hi Mike, there is nothing to post since IVYBot is not trading. Even mine this week no trades. I don’t think is the broker though.
ok cool…just want to make sure I am not the only one with no trades….hopefuly the Alpari UK will get us some trades by the end of the week
I just started a demo account with FXDD .. 4 digit…
Just this morning Ivy Opened 1 trade on the USD/JPY and another on the USD/CHF (but usd/chf only on FXDD..not on Alpari
)
So far so good…both trades are going the right way…lets hope they remain in the right directions
FINALLY SOME ACTION!!!!!!
Yes did not open mine on Alpari the USD/CHF. At least some action after 1 week sleeping
and was profitable. Where FXDD are located? USA?
My Alpari US account didn’t open a trade today either ?
I’m using EZhost to keep it running 24/5.
I’m beginng to wonder if Alpari was a good choose? for using IVYBOT5.0
Hi Linus.
No one got any trades last week, even on different brokers such as FXDD. Mind you Alpari UK have better spreads.
However with the introduction of variable spreads, during low activity (asian market often) the spreads are a nightmare – very high!
I’m with Alpari US. if that makes a diffrence. and I noticed some trades have been open today with other brokers using mt4 platform.
I hope it isn’t a on going problem I wrote support about it .
Thank you
I have a trade open now on aplari UK using the digit 5.0 Ivy bot….ItsUSD JPY and it sold at 92.938…..so far it has always been a loss….I will let you know how it closes. (This is my third overall trade with the first two being huge losses).
I have the same open trade on Alpari US. It didn’t open a trade on USD/CHF. But I know someone using a diffrent brokerage who got that trade to open ? so far USD/CHF is in profit , while USD/JPY is at a stand still on the lossing end
yuppp…Glad to know someone else is in the same boat….but I am curious why the UK Alpari did not open the proffitable trade?
Does anyone know why these descrepancies are occuring? It should be the same bot thus the same trades.
on which broker the USD/CHF was opened? Mine on Alpari UK only have the USD/JPY
Spread on USD/CHF is 2 right now, so quite optimal. Strange.
I was told it’s on there recommeded broker FXDD that’s what I was told . I’m in the same trade as you USD/JPY and it’s not looking good. I’m on Alpari US
I was told it may have compatiblity issues on whats called market execution brokers??
I called Alpari US and they said there NOT so it shouldn’t be an issue .
But IVYBOT said they will have a update this week to fix that problem???
I’m trading using a forex host as to run when I’m away I hope it starts entering better trades in my favor.
This is my 1st trade using IVYbot today
yea so far im realy dissapointed with the ivy bot…unless this trade takes a huge turn in the posative diection i will be 0/3 with trades with it….
I got out of the USD/JPY at small loss of $50.00 it just wasn’t looking like it was going to hit its target profit mark.
If I’m wrong please let me know if I got out to early
50.00? Mine never got that bad and it just closed thi morning for a 22.00 LOSS. So thus far the Ivy Bot has been positve in 2 trades for me but each time has not closwed them and all three of my trades have been losses. Also each trade has immediately gone negative and had to work it’s way back….which isnt my stle becaause I don’t mind shooting for a 10 to 20 profit on a trade but that means my stop loss would have to be very low (5) and with this bot it would hit every time….so far the bot doesnt make ay since to me…
mine went to -35 pips…didn’t reach the 50…eventually closed to -$12.
I don’t think this robot really work..lets give it another week. Funny enough this morning got an email that this robot works – from a ‘respectable’ site, then it was referring to another site which everyone knows that is a scam site, and basically this ‘respectable’ site lost my confidence completely.
This is why I will be launching a new blog…just an honest site on these robots and other systems..too much crap and lies out there unfortunately … pity
yea so far I cannot figure out a way to set a stop loss and take profit so that I can leave this bot running and not worry. I plan on keeping the demo going until about 50 days of the 60 dya gurantee are gone then I will return it….has anyone found a bot that worked for just small profits? I don’t need to get rich just some extra money would be great. or is there a way to make the ivy bot more safe?
USD/JPY trade went into a $25.00 profit when I should have gotten out .
But I stayed and it went as bad as $300.00 negitive , so when it went down to something alittle more acceptable I was going to get out . Other person got out with $293.00 loss . if it was buy signal it would have been a good trade . I wonder if IVYBOT can produce a buy signal in USD/JPY ? it seems to only want to short it at terrible levels
What happened with the USDJPY trade for me @ 0.1 lots, was that it first went up slightly, but since it was in a downtrend I knew that if the swing broke the last high then it would be a disaster. I looked at my indicators, and they all pointed that the trend was going down, soon enough it went down to about $20-25 profit..only to encounter what I thought would be a slight resistance, unfortunately it turned the market around and IvyBot did manage to exit with a $19 loss. The target was $82 in this case, so losing $19 for a $82 profit, is worth it.
On the USDCHF what happened was the trade was 100% dead on, entered at the perfect time, and it went down right to about $63-64 profit … UNFORTUNATELY the market made a rebound and found resistance at that level JUST missing the $66 Take profit target… the trend rebounded and stayed at about $25-30 profit, for a couple hours, until IvyBot decided to take the profit at $28.
Kinda unlucky that it didn’t reach the $66…otherwise it would have been an awesome trade.
What I did manually, through the help of indicators, was that I realized that the $28 level was probably going to be a pivot point and then it would go back down, hopefully breaking that last target it missed of $66.
So I went ahead and took the trade, The 4hr and Daily charts were at 80-100% accuracy of it being a downtrend. I left it on over night, and this morning the prediction was correct, it did break the $66 level, and I managed to make a $55 profit (0.25lots) from that level that the IvyBot closed its trade (it went down after a while).
I think that the IvyBot is make dead on trades, when I line it up with all my indicators. I just started manual trading last week or so, after I read some manuals, and got a bunch of cool indicators…I pretty much get 70%+ positive trades. and the negatives are usually 50-75% smaller than the positive trades.
But I still feel good about IvyBot
So do you think the large majority of ivy bot trades should be used then closed once they get some profit going since generally they seem to not trigger the take profit? All of mine witht the bot have gone to a loss right of then come back.
I love the site! I keep coming back for news and stuff! Anyway, i saw that you tried the Forex Decimator. Will you be making reviews on that? Thanks!
Hi Marcus, thanks for the comment
I am launching / launched a new blog and this will be big. Have many ideas to do in it and eventually it will grow big. I am fed up with all these shit of people that steal other people’s money, like for example yesterday a new robot was launched and it is just a joke – $18051.97 in one trade is a complete joke. You need $10 Million account to do so, and if you have this huge account, I don’t see why you need this robot.
The idea of the blog is to review as many products as possible – provided they passed my first filter criteria, and HONESTLY reviewing them like we are doing with IVYBot. This way I hopefully help people stay away from bad crap shit scam products and buy products which are of value to your money.
Yes Forex Decimator is being tested / reviewed and you will find everything here. There is also statement of how it is doing. It is doing well to be honest.
Forex Decimator Review
The blog is:
Forex EA reviews.
Is not yet fully functional, but it is getting up good – it is not yet fully launched
Thanks again
I read on another forum that someone is in a new open trades.
And I have none only the one that lost a few days ago USD/JPY. It is starting to bother me that some people get open trades while other have none. I’m runningIVYBOT on a host as to not miss trades , but it seems to miss them anyway. on my MT4 platform on Alpari US account??
It is not only you… mine and other peoples Ivy Bothave also missed trades that other Ivy’s have gotten…..Currently I am waiting for a trade…only the loss i discussed earlier. Sor far I have mixed feelings on the bot but at this point I will return it
I think a solution might be to just set the take profit slightly lower, maybe half?
As far as the Stop Loss… This SL it hit on the USD JPY was a nice one… before it hit a large one of about -$100 or so … so $19 loss is actually not bad… If you win only 50% of the trades you would still be in profit, if the S/L stands at about 20 pips and profit is 40-60 pips
…not open trades with IvyBot for today…
but last night I was in a HUGE trade on the EURJPY, in case you don’t know, the EURJPY is in a HUGE downtrend right now, Im looking to take another selling position when I find a good pivot point!!
Last night I entered the market around 132.075 … Left it on over night, I initially wanted to Take Profit at 131.100 , but forgot to set it… so when I woke up, I see a $212 trade open
(0.25 lots) … so I took a look at what was going on in the market…and it just reached a low point, but not as low as the previous low…it bumped to $160 or so in profit, waited patiently…and sold it when it broke to 131.200 @ $228 … after that it went up again, I figured it would 
Wondering why IvyBot wasnt taking part in this strong downtrend… hmm…
Looks like Im beating IvyBot in trades, I made only 7 trades so far, all profitable, total $655 @ 0.25 lots
There is also this bot I found (martingale style) thats working wonders!!!
I setup the account on Alpari UK $3000 start @ 0.01 lots
The reason I set it to $3000 is because in a bad streak the trades go at -$600 to -$800. It is martingale afterall …But It hasn’t made a whipeout yet!! If any1 else wants to test this bot with me, on a different pair, let me know… so far Im doing the AUDUSD pair 
In 1 week its up at $3979
The cool thing about his bot is that it trades NON STOP every 30sec-1min it probably opens a new trade, and has up to 9 trades running at once…the biggest trade is maxed at 1.10 Lots… so you dont wipe out ur bankroll too quickly
If ur interested, just leave a comment here…
CHEERS!!
7 trades this week
Got another sell signal for UDS/JPY at 92.345 . hope this one works ???
going to sleep hope I don’t loss my ass. running it on ez host over night
Typo it was a sell at 92.245 USD/JPY
linus have a similar one…obviously they are doing bad so far….teodor i am interested!
i almost feel like it was supposed to be a buy not a sell the price has gone straight up…..and I have not gotten one buy trade yet
I lowerd TP to 30. as someone suggested Not there default of 82.
Have to see what happens it’s my second trade with IVYBOT and I so far don’t like what I have seen. so far
how can you adjust the TP in pips? mine is a price?
you have to go inside your MT4 platform open your order and adjust it from there and inside IVYBOT setting were you put your lot size and click bank code
I’m not liking what I see with IVYBOT nothing close to what they claim or other have cliamed to the way it performs??
it seems to only want to trade the USD/JPY on most trades and Not any of the other 4 it suppose to be looking at as well. My account always seems to miss or Not trade other currencies in my account???
so far i am not happy 0/3 with trades…..but with an adjusted TP or a manual TP 2/3 would hav emade money….and this current trade is headed the right way now…
Can someone help why may have a 30 pip spread in trading USD/JPY. That seems why to high? with AlpariUS I thought it was 3
I was told that was right cause it is a 5 dismal system it’s just a little unnerving , I just called Alpari US for clarifcation
I just looked at the open trade of USD/JPY looking like another bad trade in Shorting USD/JPY ?? Can this thing ever produce a Buy signal in the USD/JPY I wonder?? it only seems to want to short the USD/JPY
It just hit a stop loss I put in place . Can someone tell me how do I request a refund on this IVYBOT ??
This thing just ran up almost 200pips in the wrong direction.
Down $230.00 on this trade and $50.00 on the last one.
A total of $280.00 in the hole the last two trades
trading 1lot on a 5k account . I’m done with IVYBOT
Hi Guys, sorry missed this conversation since I went to sleep earlier.
Mine did not traded at all, and as I said somewhere, IVYBot is not delivering results.
@Linus – when you got your clickbank receipt, there is a link, in that email, it goes to clickbank page, and click support. One of the options is refund. You will get it in 2 days. I will claim mine next week.
Hope you will keep following us on my new blog – Forex EA reviews.
mine is still trading…. at -19.00 now…it got poitive for a short time (2- 5 dollars it appears)….but I will let it continue to run but it appears as though ivy bot let a huge easy trade go (the downtrend on USDJPY and then sold at the exact bottom of the trend…….. and yes to linus I have not seen a buy on that (or any other) currency yet.
mine is basically sleeping…on which broker are you? have you modified any settings?
I saw the little profit as much as $15.00 then it took off in the other direction fast and hard going to 93.5+ thats when I decided to get out at the next little drop, before everything was lost , again it seems to want to short at the bottom?? when it should go long . I’m using ALPARI US for my broker. I think IVYBOT is for the most part a shorting program that seems to have its support and resistence numbers out of balance
mine closed for a loss of 37.00 making the bot 0/4 with trades….If I had done the exact opposite of the bot I would have made a nice return….could you possible wait and see what the bot does and do the reverse? I am going to get my refund however and then try the robominer.
I just requested my refund from click bank. IVYBOT is not living up to there claims not even close. I’ll be intrested in knowing if any other Bot lives up to there hype? I may try a Oil trading system? anybody have any opinion on it?
I don’t even want to run the IVYBOT without keeping a eye on it . I stopped my expert advisor so Not to enter into a trade. The face it doesn’t set a S/L bothers me taken account it is Not hitting its trade calls and going pretty bad in the wrong direction. Maybe it’s a programing mistake but I’m riskin anymore money on it’s calls . 0/4 is not the good and I looked at another statment and it shows even more then that last week so it’s more link 0/6
I also requested my refund…let me know on here when you get yours…i am testing the robominer II next…has anyone else used that? I have some questions about it
im about to actually buy that, i’ve actually read unbiased reviews on it and it has been does very well, nothing crazy but you can make a good 8-12%/mo hey thats more then any other investment out there lol
Hi Mike, please find RoboMinor II review, results, statements here – RoboMinor Review – and thats my new blog.
thanks I will check out the blog…and yea I have heard good things about it
@ Mike ruggles
If you type ur email address here, I will send you them Indicators and the MASYUK V2 bot.
Jason is the Robominer anything similar to MASYUK V2?
hi teodor, I need to reply to your email … later..
I got wiped (demo) also with the crazy robot…
no no RoboMinor does not use Martingle Systems, I told you in one email that Martingle are very dangerous…It still splits the trading range in a grid ans makes buy/sell depending on the position…its completely different, although may sound similar.
MASYUK is crazy hahaha…
Hi Teodor,
Good to know you’re experimenting manual trading with success.
Seems to me Ivybot is pretty much as good as an indicator tool in terms of finding entry points. Without human intervention and proper management, like setting up trailing stops etc., it just leaves too much to chance. That somewhat defeats the purpose of having a robot, doesn’t it?
Would be nice to try out the indicators you mentioned. Could you send them to GMAIL address, and maybe the Martingale bot as well? My email name at gmail.com is bennynorwood.
Thanks…
bonjour , I really like your http://www.ivybotreviewblog.com site so far it look like a guiltless penny stock pick site that I saw somewhere a while back. draw with chalk on the road usually i’m busy and I work from home so I will check back.
Ok, what I have done is I hosted all my Indicators on RAPIDSHARE
So the next ten people will be able to download the Indicators + the MASYUK V2 bot
lool… the bot wiped out the account 2x for me…but its fun to test since the thing is running trades literally every 30-60 seconds!
When that link stops working, let me know, I will upload it again if anyone needs the stuff.
Gl trading….I think manual trading might be the way to go, but having some free $$ coming in from a reliable bot is also nice!
Is anyone here going to keep their IVYBOT?
let me know.
Cheers
Here is the link for the Indicators..oops forgot to add the martingale bot…
http://rapidshare.com/files/278745418/ForexDocs.zip.html
but you can search it on GOOGLE.. and you will find it on CariGold.
Cheers
Thanks Teodor for the indicators. Will try them out.
The result with Ivybot in my demo account went to +10%, -4%, +5%, and now -5%, for a demo period of 10 days. I used the aggressive settings Ivybot provided. I’ll give it the benefit of doubt for now. I still have a month and half to play with it. I’m waiting for their new version with money manager built-in.
Ciao…
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