IVYBot Settings
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.
Similar IVT Bot Review news:
- IVYBot Final Judgement – Refund Requested I have requested refund of the IVYBot robot since it...
- IVYBot Review as of August 7 Hi Again, so how this new robot is doing? From...
- IVYBot Results August 14 and 22 Hi, Sorry for my slight disappearence but my home laptop...
- Changed Broker – now on Alpari I have just changed the IVYBot robot to Alpari Broker...
- Welcome to IVYBot Review After the hype of Fap Turbo Forex Robot, Megadroid Forex...
81 comments
Haha, believe me most robots are optimised but not perfected…
I had robotsetup.com set up my Ivybot on 7/30 in a demo account there has only been one trade so far on 7/31 for a +$32.36. Does anybody know why it has only executed one trade? Does it treat a demo account differently?
Hi CSR
IVYBot is not meant to trade every hour. You will have around 5-9 trades a week. As long as the trades are successful, I don’t mind having such low amount of trades but successful trades.
For sure, demo accounts varies from live accounts and expect different behaviors.
Ok… I don’t know what the fuss is about lack of trading…Im using Alpari US Demo (I think this is prob the best broker)
It is a 5-digit, but IvyBot has been trading it for me
Here are my results/trades so far.
1st week
USD/JPY 94.860 T/P@ 94.942 = $168.XX
USD/JPY 95.472 T/P@ 95.554 = $168.XX
USD/JPY 95.483 S/L@ 95.333 = -$314.XX
USD/JPY 95.376 S/L@ 95.226 = -$315.XX
2nd week
NO TRADES
3rd week (Aug 9+)
USD/JPY 97.120 TP@97.202 = $168.XX
USD/JPY 97.164 TP@97.246 = $168.XX
USD/JPY 97.223 TP@97.315= $168.XX
USD/JPY 97.212 SL@ 97.292= -$714.XX
Ok so lets talk about the negative profits… the 1st two -$314 were both PROFITABLE trades…except I was stupid to mess around with the S/L and I set it to 100, which was obviously way too small…of course each trade went up after it busted my 100 stop loss…
Now the trade this week of -$714 was a bit shocking to me…but I realized what had happened. I am demoing both the “scalper” and “regular” on the same account… I got 8 charts open. well SURPRISE … this was a opened trade by the “Scalper”!!! Not the REGULAR (like the rest of my previous trades). So you see, if the scalper did not open this trade… IvyBot would be in a nice profit of $168 x 7 = $1176
LESSON LEARNED …. DO NOT USE SCALPER METHODS….seems like they are deadly… This EA I think is optimized very well in the DEFAULT/Regular settings, so keep those, I will too. And Honestly…It looks like IvyBot is VERY PROMISING…and It looks like its living up to its HYPE
1 question, since im new at forex…all those trades I listed…are they making 8.2 PIPS or 82 pips on each of the $168 trades. Cause the bot is set to take profit at 82 pips…
Hi Teodor,
Thanks for the update. So IVYBot is working on Alpari since Alpari are 5 digit broker?. Alpari UK I meant.
Yes I never had problems with them and I am using FapTurbo and Megadroid with them.
I will change from Basic FX since results are disasters – and I left the demo settings
Probably also you are making 82 pips. Just see the difference between the quotes when you bought and when you sold.
[...] 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 [...]
Well for every trade done on the USD/JPY pair this is how it looked like (by the way all my trades were “buy” trades)
Buy @94.860 and sell (T/P) @ 94.942 $168.xx @ 2 lots ($2000margin)
So … 94.942 – 94.860 = 0.082 Does this mean 82 pips?
Because in the IvyBot default settings it has the T/P (Take Profit) of 82 pips for the USD/JPY pair
So if you can help clear this confusion for me…Id appreciate it
some guy I talked to on twitter, told me that the trade I mentioned above is only 8.2 pips, anyway let me know.
No more trades…for now…waiting patiently.
Cheers!!
SWEEET IvyBot Makes 2 trades while I was out shopping and playing tennis!!! How nice is that
This time on the EUR/USD @ 2 lots ($2000 margin)
Buy 1.41654 Sell 1.41764 Profit = $220
Buy 1.41675 Sell 1.41785 profit = $220
Results are truly amazing, can’t wait to throw $500 into my account
… Still gonna test a bit more, just to make sure 
9/9 winning trades so far totaling about $1620 (using 2 lots / $2000 margin per trade)
Anyone getting same results?
Aug 12.09
Hi Teodor, great results – welldone and thanks for keep posting your results. Are you with Alpari US or Alpari UK?
Mine did 1 trade in these last 2 days for a profit of $11.00. BUT I have setup my demo account on Alpari UK similar to what my LIVE Demo account will eventually be if I go live. Of course I am also using 0.1 mini lot, although I need to calculate the mini lots and stop loss eventually if I go live.
Just few hours ago I noticed that the most active pair USD/JPY was not properly set up – my mistake this is why I did had any trades in these last two days.
Someone else having same positive results?
Yes JPY is a source of confusion since it is quoted only to the second decimal point.
The JPY is second decimal qoute, and since you are using lots sizes of 1.0 yes it is 8.2 pips and not 82 pips. Sorry for my previous post telling you it is 82 pips
In JPY, .01 yen = 1 pip, so So … 94.942 – 94.860 = 0.082, thus 0.082 / 0.01 is 8.2 pips.
But rather seeing how much pips you have profited, lets see how much a pip actually is
worth in USD $$$. Sorry Teodor I am in no way offening your intelligence by the following explanation but I know that Forex Newbies are also following this blog as well.
Let me work it out for you from a different perspective, and see that you really did 8.2 pip profit with 1 Lot In your case 16.4 pip profit since you traded 2 lots.
As per your qoutes:
a) Buy 1 Lots USD/JPY @ 94.860 = +100,000 / – 9,486,000 (94.860 x 100,000)
b) Sell 1 Lots USD/JPY @ 94.942 = -100,000 / – 9,494,200 (94.942 x 100,000)
100,000 is because you are trading with 1 Lot, 10,000 if you are trading with 0.1 Lots.
Basically, it means you spent 9,486,000Yen to buy 100,000USD. So in your bank account basically means you substruct the Yen and add the USD. We used 100,000 because 1 lot means $100,000.
When you sell, is the opposite, you deduct the USD and add the Yen. The difference in Yen now is your profit or loss.
(9,494,200 – 9,486,000) = +8200 Yen Profit.
Converting this to USD, 8200Yen / 94.942 (the currency qoute) => 86.3685 USD PROFIT
So far, with 1 lot you did 86.3685 USD. But how much pips? The pip value is calculated as follows:
(one pip, with proper decimal placement / currency exchange rate) x (Notional Amount)
(.01 / 94.942) x 100,000 = $10.53 per PIP. So 1 PIP in USD/JPY has a value of $10.53
OK So, you did $86.36 profit, 1 PIP value id $10.53, so you did $86.36 / $10.53 = 8.2 pips
Now I don’t know how IVYBot is interpreting 82
sorry
Hope I as clear in my explanation.
So I think that the reason IVYBOT is doing 8.2 pips not 82 … maybe cause were using a 4 digit bot on a 5 digit broker?
Anyways, you asked which Alpari Im using its USA version. I live in Canada, but I guess that does not matter, does it? If I want to go to a real live account?
So another trade by Ivy started last night… not sure when it closed but it was profitable, yet again!
USD/JPY
Buy @ 96.054
Sell @ 96.136
Profit = $170.59 (using $2000)
What happened with this trade was similar to the ones where I got -$315 … This one was down at about -$400 last time I checked on it… but it pulled through just like the other 2 trades would have, had I not set a stop loss. This time I put no stop loss, and there you go…made a profitable trade
Anyone else getting same trades?
Aug. 13. 09
Thanks a lot for helping me out with those pips calculations!
but you said that 1 lot = $100 000 USD but when I use 1 lot in trading it only uses $1000 from my account (which was initially $10 000)
By the way…im just curious how is fap turbo doing? Im demoing fap23, and the usd/can pair is doing very well…the others, its pretty horrible!
any secret settings ur using?
yes 1 lot = $100 000 USD, 0.1 lot = $10,000.
What happens is that when you open a trade, you are ‘borrowing’ $100,000 or $10,000 from your broker. This way you can trade along with big financial institiutions with large accounts. You can’t do any profit with $1000 only
Just work it out with the previous calculations. But when you trade with that large amount of money, yes you can earn a living. But not many people have $100,000 so you ‘borrow’ from your broker.
Of course the broker is not risking his $100,000 since as soon as your account comes to 0, the broker does automatically a margin call, to get his $100,000 or $10,000 back, leaving your account with $0 – wiped out.
Fap Turbo – the beast seems now is tamed and is doing well. Visit my other blog for details – Fap Turbo Scam blog. Just do not let Fap Turbo trade after 11.00 and you do well since it always screws the last trades after 11.00 market time – and upgrade to 4.7 version
And trade only USD/CAD, EUR/CHF. EUR/GBP is a bit risky.
DO NOT TRADE WITH 1.0 LOTS SINCE YOU GET WIPED OUT WITH 1 TRADE WITH FAP TURBO, IF YOU DON’T HAVE A BIG BIG ACCOUNT
.
Hope this helps
I use Alpari UK since I am from Europe. I heard the spreads for Alpari UK are far better.
I still can’t understand why the robot is working with 5 digits when IVYBot creators said that they will release a version for 5 digit broker.
In my demo account of $1000, I had my first profitable trade in USD/JPY
It did $8.00 with 0.1 trade lot. Good start on Alpari, 2 trades 2 successful.
Someone else is trading with IVYBot. We want to hear your results!
Sorry, I never got ur name!? (Website host)
I was wondering when you are going to put real money on Alpari with IvyBot!? Do you trust it yet…do you think I should wait a bit more? I actually got a deal on my Ivy, so I don’t think I want to even think about returning it
I calculated that if I start my real account with $1000 using 0.2 lots (chances are that all pairs will not be in a trade) and I make 15% profit on my investment per month. The final sum should be about $5350 after 1 year. I just multiplied each month’s total by 1.15. So far Ivy has done better than that in less than 1 month, close to 18% so far for me. So I chose 15% as low I guess, maybe it will pickup and have 25-40% ROI per month
If you invest $10 000 @ 15% ROI per month that = $40 000+ profit a year
If I did my calculations correctly…just a hypothetical thought 
But I still don’t know if I should throw in $1000 just yet…maybe $500 at first, because you should only invest what you can afford to lose right
.Bankroll management is key 
Hi Teodor, have sent you direct email.
I only had switched to Alpari this week, with 2 successful trades, so to early for my likings.
I also recommend to go for 0.1 initially, since demo to live trading, the behavior may vary a bit.
SOOOOOOOOOOOOOOO SIIIICK!!
So Im having a good night’s rest, and in the middle of the night, all I hear is “bing” ..I forgot to turn my laptop’s sound off!!… Im thinking NICE! IVY prob opened a trade…some time passed…then I hear consecutive “bings”!! ” bing bing bing bing bing…you know the ALERTS!” I run to my computer and check out what’s going on!!
Since I started demo testing Alpari UK as well as Alpari US I was curious to see the results.
on Alpari UK … Ivy Makes 5 trades on the EUR/JPY @ 2 lots $172.XX per trade … and makes 4 trades on the USD/JPY @ 2 lots $172.XX Per TRADE!!!!
Thats about $1550 in 1 day!!!
(15.5% Return on my Investment – ROI)
So I compare Alpari US but something was different… it looks like the spreads might have been a bit too large for IVY to trade EUR/JPY … but it made 5 trades on the USD/JPY @ 2 lots $172.XX per trade!!!
Looks like IvyBot is gonna be the SHIIIIIIIIIIIIIIIIIT!
So far its been.. 15/15 profitable trades on Alpari US…totaling $2663 (or a 26.6% Return on Investment)
and 9/9 on Alpari UK @ 15.5% ROI
Aug.14.09
so teodore how much do you think someone should start off with using Alpari? I’m in the U.S. so i’ll be using the Alpari US version first
@ moemoney87
I would start with $500 or $1000. I prefer $1000, since I have other robots working on my same account. If you have just IVYBot you may do good with $500.
However, I still need to calculate how much the robot is setting the stop loss, since per trade we should not risk more than 5% of our account. So If you have $500 account, with 4 trades (since IVYBot have 4 robots, so it may have 4 trades concurrently) running I think we can have a margin call with $500 account.
For sure, initially use 0.1 lots and use demo account first to get used to the bot.
@Teodor
So IVYBot on Alpari UK has traded more than Alpari US?
As per my previous comment, I believe Alpari UK have better spreads than Alpari US. I heard FAP Turbo people saying this, however I can’t confirm it since I only used Alpari UK.
Even if you are not from Europe you can open an account with them.
I had opened with them just for the fact that I am 3 hours flight far from UK, so if I have problems with my account, bombarding their office is a possible idea …
@ moemoney87
What I suggest is starting with as much as you are willing to lose. My strategy will be to start off fairly aggressive in my accounts, and the more money I generate, the more I will lower the risks.
It is easy to replace a small bankroll, but its much more difficult to replace a big one. $500 is easy to replace
, but $5000 not so much.
What you have to remember (already mentioned) is that IvyBot might have 4 trades going…so that means you need enough to have all those 4 open at a time. I personally disagree with this, because Ive been using 8 pairs (FAPturbo-4 and Ivy-4) and I think the most ive seen were 3-4 trades at once. So chances are REALLY slim you will get action on all ur pairs, I would try to set up the account for 0.15 Lots (or to fit 3 currency pairs, so you dont get a margin call). Again I would make it aggressive in the beginning..probably even go to 0.2 Lots, if trading just IvyBots. After you build ur bankroll, you should become more careful.
If you want to take the safe way, you can just start off with $800 or something, and trade just 0.1 lots … but I think seeing aggressive results gives a higher motivation boost, well at least for me it does
@IvyBot Review
Yea that 1st night I opened an Alpari UK demo account … I got 9 trades!!!!!!!! I checked the spreads..and they ARE indeed smaller on UK by 20%-50% ..some are the same though. But I think I will be opening an account with them shortly, I want to see this coming week, and I think I will have enough information.
One thing I noticed on Alpari US it uses Margin $2000 @ 2.0Lots
Alpari UK uses $400 margin @ 2.0 lots
(for the same trades)
if it happens that a trade on Alpari UK goes more than -$400 what will happen? Margin call (even though I have over $10 000 in the account)?
funny thing I was awake for 48 hours doings straight research and reviewing brokers. Then I found out that certain websites are biased so i had to do it all over again. It turns out like I suspected, alapari uk is probably the best.
its nice to see that ivybot is working, and that I didnt waste my $150. Anyway, just to confirm teodor, you just used the basic conservative settings?
Hi Chengsta,
When I started the trial – went to Basic FX as recommended on demo account, and the account went down by -$500. See the results in other post in this blog.
Then I switched to Alpari UK, since from my previous experience with other robots, Alpari was the best. IVYBot did $69 in 2 days as I will post later.
So far I have left all default settings as Teodor I believe did the same.
btw, welcome to this blog.
thanks
I believe that you can’t just rely on robots to make profits. The equally important things you need to consider are also tight spreads and an honest broker. Honest brokers are so hard to come by nowadays.
I also wouldn’t set limits, because even if they are ECN, they still do stop hunting for some reason.
Yes, exactly. Sometimes I also stop trades myself when I see that the market changed during the trade or something funny has happening.
With FXBasics was a disaster. With Alpari, the robot started making profits.
Finally a new voice on the blog, welcome!!
Yea I do just use the standard default settings chengsta…the trades have been awesome.
One wierd thing happened…Friday Ivy entered a trade selling the USD/JPY..both on my Alpari US and Alpari UK account… same trade…although the spread was smaller on UK vers. Anyways… This sunday as soon as the trade opened again, it automatically CLOSED the trade…on both accounts, I dont think it was instantly because I got a +$98 on Alpari US but – $75 on Alpari UK. I don’t know why it closed, it did as if it hit a Stop Loss, but it didn’t…10 mins later we would have been at $172 on both accounts, just like the other trades…
I thought IvyBot wasn’t supposed to trade Fridays
I gotta look into it.
There are some guys on youtube doing a test on IvyBot…Search IvyBotReview…they also do FapTurbo…thats how I learned about Alpari in the 1st place, I just took those guy’s word for it.
The other day I tried setting up a Alpari UK account…Damn do they ask soo many questions… I JUST WANNA put in $500!!! LOL … I still gotta ask my bank for their SWIFT code.
Im debating whether to start my account this week, or at the end of next week. On the Classic Alpari UK account.. can I use less than 0.1 lots? Cause I don’t want a mini account…cause I want this baby to grow!
I think the IvyBot guys are not trying to say that this is a get rich quick scheme..but I think that if everything goes well, and you know how to manage ur account properly… in 2 years you can probably make over $40 000 with $500 start.
One thing that kinda made me think was the fact that somewhere in the documentation, before you sign up on Alpari REAL account, it states that any money that is in this FOREX account, is NOT YOURS!!! and is only considered your money when it is withdrawn!!!
hmm… This is serious stuff, cause If this goes as planned, I can see having over $20K+ in there. Do any of you know anything about this rule?
Aug 16.09
I think they are talking about the leverage that you use as not being yours. I hope they don’t mean that whatever’s in the balance belongs to them… but so far a lot of people have withdrawn just fine so I’m not worried.
Just to clarify with you teodore, the only settings you changed on the ivybot was the activation code right?
I followed the guide and changed all the paramaters as they told me to, but then they said it was the “conservative” setting. Would that be considered default?
HI, just to let you know people I am LIVE with IVYBot. I know I am crazy but Friday night I decided to go live and if I don’t test it live, we won’t know if this robot works or not.
Last week trading with Alpari and IVYBot was fantastic, so I decided to give it a try.
@Teodor
Yes I had that trade too. You know what? I have set my Metatrader last Friday and then I went out and I forgot to close it. And IVYBot have traded and left a trade open. grrrrrrrr This should never happen. I was all weekend worried but LUCKILY it closed for $5.11 profit. I have to check on this.
About Alpari, I think they are talking about the leverage – that money they lend you to trade. Just ask them about that issue and they normally respond quickly.
Anyway, I will not leave $40,000 in their accounts, no way
@chengsta
I set everything as they said, but set the lots to 0.1. Yes at the end of the document, they write some settings as Scalper, but I have not tested those settings yet. The scalper settings are the aggressive settings, while the others where you set only your click bank ID is the normal non aggressive setting. I am using these with 0.1 lots with $1000 account.
While typing the above comment, I had my first trade – LIVE – profit of $8.66, with 0.1 lots of course.
Hope I don’t wake up tomorrow morning, and find my account wiped out.
I will write some posts on last week performance and what I am doing now tomorrow.
Regarding Alpari – on their site I found
‘Segregation
All capital not being used for margin purposes is fully segregated into a special client account kept separate from Alpari (UK) company funds. Client funds will not be used to pay back creditors in the event of Alpari (UK)’s default or insolvency. ‘
WHICH MAKES SENSE, but on the next line, they say
Financial Service Compensation Scheme
Retail clients may be eligible to make a claim from the Financial Services Compensation Scheme (FSCS) in the event Alpari (UK) is unable to meet its financial obligations, depending on status and the nature of the claim. Please refer to the Regulation section for more information.
What does it mean ‘financial obligations’? If the company do not use their customer’s money for operation, how can the company do not meet the ‘financial obligation’? Teodor you have something to search on
I am not good in these things 
I think my wife should know something on these things though…
http://www.alpari.co.uk/en/safety_of_funds/
woah! The spreads in the US are nearly 2x that of the UK, I’m opening the UK account as soon as I can! Unfortunately, I’ll have to wait until I move to my new apartment before I do anything.
Ivybot just made a profit of $30 for the us site
and $56 for the uk site, same trade. demo of course
My settings are:
Upon installation, I changed lots to 0.2
and changed clickbank ID
that’s it.
Oh yeah, I’ve also been keeping track of forex megadroid.
It seems to also perform excellent on alpari UK. I’ve seen its live records and it’s pretty impressive too, I’ll probably buy that too as insurance for another account.
haha I know this is triple posting, but I just forgot and wanted to say good luck with your live account! We are soon to follow!
I didn’t spend $150 to have my robot just play demos after all!
Hi i got ivy bot 3 weeks ago and it hasnt placed a trade for me?? it is showing that it is set up correctly and with the smiley face and writing down the left hnd side of the graphs. I have tried to contact support and have never recieved a confrmation ticket. Can anyone on this site help me? i am using the broker they recomended forexmeta. Please help
I am new to forex and have seen all that has been said here about Ivybot and plan to buy it for alpari us soon, what I am wondering is since I will only be starting off with only $50 in the live account, do you think I would be making any decent profit from it?
@chengsta
DUDE… IM TRYING TO SETUP MY ACCOUNT TODAY!!!
)))
Btw…I got that positive trade too on Alpari UK…that made $8.66 on 0.1 lots made me $173 on 2 lots though
Debating weather to stick in $500 or $1000
College is gonna start soon for me…so I gotta use the money both ways
Anyway the only thing I changed was the size of the LOT and my clickbank code…everything else I left alone
@craig
I think you should jump on the band wagon…and join Alpari (UK if you can)!!! Makes the difference
@hyperclient
I am new to forex too, only been studying it for a month or so!! Still quite a lot to learn, but I just like the fact that I don’t really have to learn it as quickly because IvyBot will rock it
well Ive come up with a formula, depending on the average Return on Investment you get per month on your account..you can find out the sum of money at the end of any given X number of months.
For example: IvyBot has been running with a positive ROI of over 30% so far, for this month. Which means if you put in $1000 you will get $1300 after the month.
^=to the exponent *=multiply
Ok so ur initial investment is $50, and your average ROI per month is 20% lets say. You want to find out what you get in 1 year…
$50*[(1.20)^(12)] = $445.80 total (1 year)
$50*[(1.20)^(36)] =$35 440 total (3 years)
The reason why ur account grows soo large is because you are re-investing the money you make each month…and by increasing or decreasing ur lot sizes you will be able to alter how much you want to make per month
.
As I said earlier…when ur account gets huge, you will have to use less lots relative to what you would use @ a $500 account …and maybe consider lowering the Take Profit…because now ur dealing with large sums of money. A small bankroll is easy to replace, but a large one obviously is a different story
+ you might start to get emotional with large sums of money, so just trust IvyBot 
lol
If there is any error on how I built up that formula, let me know!!
@ 35hyperclient
I don’t think $50 is feasible due to the stop loss. With $50 you don’t have a lot and I bet you get a margin call straight away. I will see exactly what stop loss IVYBot is setting and let you know.
I recommend starting with $500. Also remember out of those $50 a few will be taken as bank charges.
@craig
Please let us regarding your support ticket – if they replied to you or not.
Change to Alpari, since ForexMeta have large spreads. However it is worrying that they have not replied to your ticket
Well, they said that ivybot doesn’t have a fixed SL because it changes all the time according to the market conditions. Works for me because that means it would still technically have a stoploss, and brokers can’t see and hunt it!
Heya guys, I always thought that alpari was an ecn broker because of how they present themselves on the wbsite. but in the forums they admit that they’re market makers. So yeah, I’m not going with alpari anymore
I’ve got my eye on mb trading and if I go with it, maybe we can compare our experiences here 
Hi chengsta,
To be honest I didn’t get your reasoning sorry.
Yes would be great to demo trade with them and see how it goes. Your experience with this broker will be beneficial to all of us, for IVYBot users, and for other people that use other robots.
10x
I’m probably just repeating old news, but market makers are no more than casino dealers. They make profits off of your losses and hope that you lose. Also market makers (not necessarily alpari) are notorious for manipulating signals and hitting your SL’s. I’m just not going to take that chance
I’ll probably open an account with mbtrading next week! I’ll post all my profits/losses here. All of you please do the same with alpari so we can compare which one is better
no still havent recieved anything from ivybot, have messaged them over 10 times with no response or valadated ticket.
Well I took a look at BasicFX.. cause I tried that too for a bit, along side Alpari…their graphs looked very VERY close, not much difference AT ALL … there is really no reason they would alter the real market because, the people trading their accounts (at least the experienced ones) will analyze other sources of the same trend/graph … any major differences and they can probably sue Alpari, or simply change brokers.
But these guys doing the FAP TURBO review on youtube have been with Alpari for over 34 weeks!!! And its going.. but very slowly.. that account is only up 66% from $500 … I don’t think that they doing what Im planning on doing, increase my lot size according to account balance
Im going for the snowball effect 
once it starts rolling, it gets huge really fast 
Anyway For today I got 2 profitable trades $173 each
1 on the EUR/JPY 1 on the USD/JPY.. using 2 lots
looking good so far
… I just sent Alpari UK my documentation, waiting for them to reply, and make a 1st deposit 
Happy trading!!
Aug 17.09
Hello guys, im using ivybot with Ikofx, so far within 1.5 weeks of trading, i hv 5 trades, 4 profit and 1 loss. anybody using ikofx out there?…im using scalper setting.. we can share the setting here..:)
Hi Tourist, welcome to this blog…
From all the poeple that commented here, I don’t beleave anyone is using Ikofx. We are using Alpari US, Alpari UK and MB Trading. The more people that test with different brokers, the more it is beneficial to us for IVYBot and other robots to come. So you are more than welcome to share your experience with us. Also you can post settings here. So far everyone is using the default settings.
@ tourist
what do your results look like exactly..what is the account size and the lots u are using? I dont think anyone here is using that broker.
lookin forward to seeing ur results.
@ review
Jay did you happen to figure out those stop loss calculations for the new account your setting up?
Smthing horrible happened yesterday… lost almost $2000 on 1 trade in Alpari UK on Eur/Jpy. Ivy entered the market around 133.028(selling) … took an exit at 133.9xx . The market watch was all red when it entered…the wierd thing was that it made a similar trade a few hrs before opening this one, which was successful..again selling the eur/jpy.
On the Alpari US, I did not get any of those trades to open. Actually no trades on the eur/jpy are even made on AlpariUS, only eur/usd and usd/jpy so far.
do you think that a $650 stop loss is good? if take profit is @ $173 (2lots)…stated as 82 pips in IvyBot …so maybe 320 pips is a good stop loss. Its enough to let the bot go to -$675 .. so its not too tight of a stop loss is it?
If I implemented this S/L … it would have been @ (7x$173) – $675 = $530 profit for the eur/jpy pair.
7/8 still 87.5% profitable trades … I guess we can’t win all of them right
Aug 18.09
Well, if you had it at that, it shouldn’t hit often, and I believe that wouldn’t affect you much since you’ll have a ton of wins. I’m thinking about setting my stop loss to 1,000 pips if there’s a lot of volume lol. Cuz that way it won’t set off my SL and it always bounches back in such a market so I can close it without any problems.
iF you set the stoploss too high, you could risk busting ur bankroll
I prefer to have a bunch of $173 wins, and 1 $675 loss every now and again, as long as its a decent +ve ROI at the end of the month 
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!!
Leave a Comment