IvyBot Description

Type: Forex Trading Robots Product: Ivy Bot TradersFactory.com Review Rating Rank: New and Under Testing Profitability: 7/10 (backtesting and 1st month testing) Reputation of Creators : 9/10 (Creators from Surefire Trading Challenge ) User Friendly : 9/10 (typical 5-10 minutes installation) Support : 8/10 (From personal experiences with the team handling Surefire)

»» Visit www.IvyBot.com ««

” Description of Ivybot “

Ivybot could be a serious challenger to Fapturbo and Forex Megadroid

Ever since Fapturbo and Forex Megadroid came into the automated forex robots scene, they totally dominated this pie of the market.

There wasn’t a decent forex robot that could really impress me. I mean there are many forex robots that do give you profits at the end of the month but I feel I could outperform them easily with my manual trading system.

Ivybot is the first forex robot that I seriously feel that could threaten these two kings of forex robots.

If you look at my Top 3 forex robots, I could’nt find any forex robot to fill up the 3rd place !

The closest to that place was Forex Humanoid which I am still testing. The weekly profits is currently standing at 25%+ .

Hopefully Ivybot will change my mind as the whole package looks very good.

 

Trading Methology

The Ivybot trades with a  combination of the following methods that professional forex traders love to use :

1. Trend analysis
2. Weighted price action
3. Technical price patterns
4. Market liquidity
5. Volatility
6. Forward projection scanning

It is quite difficult for any manual traders to incorporate all the above at the same time while market is moving.

That is an advantage of using computers to trade.

 

The first to comprise 4 expert advisors into 1 automated system

The creators from Ivybot have improved a very important weakness of most forex trading robots.

There are mainly two types of forex robots.

1. One that only trades 1 specific currency like EUR/USD. The results are often better but it doesn’t have many trades. And users are often very impatient not seeing their robot working. Example is Forex Megadroid

2. The other type is where they used a SINGLE forex trading system for  all the currencies. They often do NOT hold on to profits for long.
The profits from 1 currency would flow as losses to the other currency. This is because the range of movement and volatility is very different from 1 currency to another. No one hat fits all sizes !

So what the Ivy Bot team did was to create a specialized trading system to trade each of the 4 currencies. They are coded accordingly to their ATR, volatility, trending nature and etc. The trading methology is coded inside the Expert Advisor.

The 4 currencies traded

You are given the options to trade EUR/USD, EUR/JPY, USD/JPY and USD/CHF. You have quite a good mix of currencies that differs in trending strength and volatility.

You get good returns when the stronger currencies start to trend. On the other hand, you will suffer less losses from the less volatility currencies when the trend start to change and change BIG!

 

Trading methology, Avg Profit & Losses

Ivybot is mainly a scalping system using the 1min timeframe. The trades can come quick and end fast as the profit target and losses are small.

All the 4 expert advisors follow the trend strictly.

From the backtest, I could not see any trades that go against the trend unless there is sudden big shift of trend. You will be stopped out fast though with the cap stoploss.

The average profit targets are set at 15pips.

 

»» Visit www.IvyBot.com ««

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