This will be a quick post. I was asked by a number of this blog readers whether or not I am using the default settings or if I have already started tweaking.
From my side I am using the default settings, since I feel it is too early to start messing around with settings, although yes you can play around with back tests etc., but my question is:
If the creators of this robot have good intention and are good people and they are not scammers, they should have done the back tests themselves and the default settings should be the optimal.
Yes I am day dreaming, but I want to review the robot the way it was sold to the customer first, and then we will start optimising – if it will be worth our time.
Happy Weekend.
What is better to get … 1:100 leverage or 1:500 … or maybe even lower than the two… for a $500 starting account? And what does this ratio represent
?
Thanks
I had no trades since last Sunday night. I still need to post the results but I am working on a new blog so a bit busy.
@chengsta
Please please please do not use high stop loss. It will be your bank death. For example if the bot decided to go long (buy) and half way the trade the market reverses, you will hit a big stop loss. Expecting the market to reverse back is a dangerous game, and it is proved that it will ruin your account in no time, if you have a number of bad trades – 3 -4 – 5 consecutive bad trades.
Money management is the most important aspect of Forex. Bad money management, you are screwed. If you also loose 50% of your account, it is also very difficult to recover.
Normally you should risk 2%-5% per trade of your account – not more. IVYBoy from my rough calculation is risky 90pips which is approx 10% of the account which is dangerous – but I need to calculate properly in my next trade.
Work it out with 10 consecutive losses risking 2%-5% each time compared with fixed amount of pip losses. See with which strategy you are still in the game.
Trust me.
@Teodor
Leverage is the amount of money so to speak the broker is lending you. I recommend to you 1:100 or 1:200. The higher the leverage, the higher the gains and losses
I am writing am ebook which will be free, where I discuss what I know about managing the robots, since they are NOT 100% automated, but only 80%-90% automated. The remaining 10%-20% is based on you – that is taking over the robot when the trade do not go in the right direction. I rarely leave the bad trade hit the stop loss once I understand the chart pattern of the robot. Believe it or not, this works to your advantage and is the key for some extra money!
ok 1 good trade and one about to go really bad on ivybot lol. good thing its just a demo still. going at -$45
anyone else get that usd/jpy trade?
lol my manual trades are better than ivybot
i’m 95% acuracy, ivybot 60%…
the forex humanoid seems to be doing a lot better, but I don’t trust it because of its bad backtests. The only proven one is robominer, but that costs nearly $500.
Hi Chengsta,
The real services that deliver results being robots or signals from reputable companies or individuals costs money. But if they deliver results, lets say 100% more than their subscription costs per month, than hey, that means you are making 100% profit per month for example.
As regards robots of $97 or $147, I don’t have much faith in them. I do all these reviews just for the fun of it.
The real robots or services costs money, but they deliver results and money!
As regards IVYBot, they promised to send a version for a 5 digit broker, 3 weeks ago I guess, but we have received nothing as yet. And this a bad sign unfortunaytely.
And you were I get more frustrated?
When the same guy that I bought a robot from, will send you a link to another robot for sale. Wasn’t his robot suppose to be successful in the first place? Why send me another robot?
I just got an email from the guy who has released Forex Decimater and now he is selling Forex Slasher – a new one. It is just marketing, but for me I take it that his robot do not work.
Ivybot 5.0 is out now. Love reading this blog, keep posting people.
Damn.. a sLOOOOOOOOOOOOOOOW week for Ivy bot… NOTHING this week!!! After upgrading to 5.0 no trades
Jay, I got a question for ya, are you gonna keep ur IvyBot?
… lol @ ur other comment, saw forex SLASHER and Decimator… some guy sent me the email too, I subscribed to him a while back… LOOOL.
I think IvyBot can do it… just like FapTurbo
I got these AWESOME indicators few days ago.. been fooling around with manual trading @ 0.25 lots I made a profit of $267 yesterday…
Its a 30min chart indicator..and did some trades on CU, EJ, EU, UJ, GF, GU … 12/17 were profitable… but maybe this manual trading will be better than IvyBot… cause these indicators I got are SICK
but.. I just hate spending time in front of the PC trading 
Technically even this isn’t manual trading, the only manual part is just me hitting sell, and punching in some stop loss, and take profit, by means of some fibbonaci stuff I learned 
… but I really got no clue whats goin on with the markets unless I take a look at these wiked templates… they got arrows going DOWN for SELL.. and UP for buy…. I think forex is a joke and easy to profit with indicators like this 
I think the hard part, is just waiting patiently, for the perfect entry points.
anyway.. back to IVYBOT…. ANYONE get any trades this week!?
hi Teodor,
Is not the new IVYBot since I am still with the old one, Too lazy to change
And no trades. Whats the name of the Indicator if I may ask? I once tried LMT Formula but got fed up with it – I did not give it enough time to test it to be honest. Indicators can also be very wrong trust me. But controlling your stop losses is the crucial part.
Keeping IVYBot or not, if I have to decide now – NO. But there are few weeks left to trial, so we will decide later. What I hate in these robots is – too much stop loss for little profit. Then just 1 bad trade that hits the stop loss, and you are back to your starting capital.
While a good trading system should be the other way round – small stop loss with high profits.
Regarding Forex Decimator, it had a good trade today of $125+ but it had lost $100 in the meantime, but the account is still up. And funny enough I have noticed something unique in this robot – it applies trailing stops – WOW. That is, it leaves the trade running and modifies the stop loss on its way up. Cool. Probably this is the A.I. that was referred in its sales page lol. This feature can be done in Metatrader easy, and coding wise even easier to do. But it is a nice feature welldone.
And I did back test, for july, the robot would have been in profit, but not too much profit to make you rich
but at least profitable.
is there any way to set up a trailing stop loss with the IVY bot?
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!!!!!!
I got these AWESOME indicators like I mentioned before… does anyone want them? I can just email them to you
… and there is another FOREX bot I got, its a martingale one though..but so far its rockin $3000 deposit @ 0.01 lots $400+ in 2 days 
.. I wanna see how well it does 
I did a few more manual trades on some pairs. Got a few $$ off USD/CAN and a whole bunch of that big downtrend in the GBP/JPY (now its going up again though..maybe we will see another drop for profit)
If anyone wants the bot, and the indicators, leave ur email here, I want every1 here to be profitable.
Cheers!
First demo trade (1 in 2 days) with Ivybot 5.0 via Alpari UK, default settings, USDJPY, £11 loss. Waiting patiently with laptop on 24×5
Welcome to this blog John. Keep us updated…
Jay I think you should change to 5.0 …because the stop-loss might have changed…did you get the same -$19 stop loss with 4.9?
Hey teodor, my email is elsidaliaj@gmail.com
Do you guys know as someone mentioned before if Ivybot has trailing stop losses? i remember someone mentioning that it keeps adjusting the trailing stops.
And which do you guys prefer so far ivybot or fapturbo?
thanks
Teodor, can you send me the indicator to my email address lionluckner@gmail.com
@elsid…
nothing of them – nor IVYBot nor FapTurbo…I have a long story on Fap Turbo that wish to post in my new blog.
Forex Decimator have trailing stop losses and is doing well – Forex Decimator
First demo trade with Ivybot 5.0 via Alpari UK, default settings, USDJPY, £11 loss.
Second demo trade, sell USDJPY 92.253, 03/09/2009, result £199.94 loss. Not good, £210 down in first 4 days. Blogs on net have more people taking refunds than profits!!
[...] we only had 2 trades, but you can follow the failer from other users, in my other blog here – IVYBot Review settings. It is the most active post in the [...]
[...] we only had 2 trades, but you can follow the failer from other users, in my other blog here – IVYBot Review settings. It is the most active post in the [...]
Hi Teodor,
Here is my email adress:
mosah@laposte.net
Thanks
I doubt IvyBot has any built-in stop-loss mechanism at all. It may just close a trade according to the timeout/wake-up period parameter “DDS” and “stop loss” at that point. Which is 10 hours by default.
Interestingly, for the USDJPY pair, IvyBot only does selling, never buys. Anyone sees differently? I’m demo testing Ivybot on Alpari UK.
For the ones interested in the Indicators here they are…
http://rapidshare.com/files/278745418/ForexDocs.zip.html
You can find the Martingale bot on google, search MASYUK V2, its on CariGold (It wiped my demo account 2x…so its just for fun)
Link will stop working after 10 downloads, so let me know so I can re-upload if needed
Cheers.
@Craig
Hi Craig I have the same problem with my Ivybot cant get it setup to work.Have you resolved your issue in Alpari?Because mine shows a smiley face in other meta4 platforms but shows a sad face in Alpari platform?
Anyone know how to resolve this issue? The EA stays shaded in the Navigator window so I guess it is not active .How do I resolve this?
Kind regards
hi
here is a free forex auto scalper robot ,and its free please try it
http://forex-auto-scalper.net/
Hi! I’m a complete rookie in the forex-field and I started off with a little investment in Ivybot which I am now running on metatrader4. Is this a good platform? I’ve read about nice results on Alpari… Which one is to recommend?
I also wondered if I need to open a position? I started with a demo account of 3000$ but ivybot is doing nothing… Is there something I need to do??
Thanks for the feedback!!
Daan
@Stephan Venter
Did you remember to enter your own Clickbank order code?
Hi Daan welcome to this blog.
IVYBot can only run on MetaTrader. And yes if you want to trade manually it is a good platform. Alpari is good broker with good spreads. Alpari UK say that it is even better. I am in Europe so I use Alpari UK and all my robots are on Alpari UK.
IVYBot should trade on its own and close trade on its own. It trades very little.
I suggest Forex Bling is by far a better robot.
any further help let me know.
Hi I just purchased IVYbot. so far no trades at all with One Financial Broker. I’ve set the lot size to 0.05 as recommended as well. Quite frustrating as nothing has happened at all for 2 days. Am I going to benefit from IVYbot at all with a starting mini account of 250USd? I’m starting to have second thoughts about IVY bot and might want to get a refund.
I need to do a follow-up to one of my previous posts.
The 60 day trial period is almost up for my copy of the Ivybot. After 70+ trades by Ivybot, my account is now down by 4%. While it is arguable that data from 70+ trades can be deemed as statistically significant, the product trial period is up and the robot failed to deliver. This robot is not making me any money. I know what to do.
Cheers…
teodor
i would love those indicators if you’ve still got them!
thanks!!
I am having a problem with the Ivybot and mb trade demo account. It trys to make tradeds but gets errors. Can anyone help? Thanks
I’ve just recently downloaded Mt4 Protect and wanted to tell you guys about my experience with it.
I was worried about all the Metatrader 4 Malware out there at the moment as I heard you can get them from downloading Expert Advisors from the web.
While I don’t download decompiled experts the last thing I want is some hacker getting my account details and draining my trading account as I have built it up into quite a bit of money. That’s why I purchased MT4 protect so it can stop my pc from getting attacked. I think the price is well worth the protection I will receive
I purchased a copy at http://www.mt4protect.com via paypal and my product code was sent to me within 4 hours.
I installed it and its awesome! It works in the system tray and scans my computer in real time to detect any attacks.
The EA optimization tool is so great – you can allocate more memory to your MT4 terminal so your trades get executed faster! There are also heaps of registry tweaks and cleanup features that have tuned up my Windows XP computer.
With Trojans and virus attacks hitting Forex traders all the time now I definitely think that MT4 Protect is a worthwhile investment.
Hello, new to forex. I started Ivybot on a demo account, and in one week had 6 trades, 5 sell and 1 buy. Started with $3,000 and am now at $2974.89 for a $25.11 loss. Three wins and 3 loosers. Jury still out, but I am about ready to open a live account.
I am using the latest and greatest Ivybot 5.2 and I am getting the same results as 4.9. So far, nothing but losing trades. It has been very active, more so than 4.9, but it is just loosing my money faster. I am in a demo environment, so at least it is not real money. What I would love to do is create a program that buys when Ivybot says to sell, and vice-versa. So far 8 our of 9 trades have been big losers. If I were to flip that, 8 out of 9 would have been big winners! now that is something I could get behind. Anyone know how to do this?
Hi All,
Can anyone tell me if Ivybot works on Etoro. I’ve just opened an account and was wondering if it is worth while trying in.
Thx
No, it will not work. It only works on Metatrader 4.0 Platform.