Forex Robot Reviews

New Ivybot EA Review (Ivy Bot Results)

Review of the Ivybot EA

EA Name Currency Pairs Timeframe Strategy ECN 4&5 Digits Take Profit Stop Loss Home Page
Ivybot EURUSD / EURJPY / USDCHF / USDJPY H1 Scalping / Martingale No Yes 39-110 None Ivybot Website

Performance (Ivybot results)


Default Ivybot Settings

Update: April 10th, 2010 (Account got blown, but with relatively high risk settings for this account size)

Update (Sunday, April 11th, 2010) – Looks like the -$2300.00 Floating P/L Ivybottook into the weekend didn’t make it on the Sunday evening market opening. Ivybot tripled the account size in less than two weeks, but at a very high risk. I am going to optimize for some new Ivybot settings and give it another shot because it’s not too often you get an EA that can triple an account within two weeks. I will post the settings I will be using when I get it up on a new mt4stats account.

License

Ivy Bot comes with unlimited license. As a proof of license you need to enter the clickbank receipt code.

Strategy

Scalping with some martingale.

Recommended Brokers

Any and all brokers. Try FXOpen or IamFX for great spreads and execution, perfect for EA trading.

Conclusion

Default settings tripled the account in less than two weeks, but carried a $2300 floating PL into a weekend where it ended up wipping the entire account when the markets re-opened. I still think Ivybot has potential so I am not completely writing it off. Just stay away from the default settings. I will update this when I start testing my new Ivybot settings.

Update: (April 16th, 2010) New Ivybot test account is up with new custom, lower risk settings. So far its off to a great start, lets see if it can keep the drawdown at bay.

Safe To Buy?

YES!

Ivybot has been approved for you to purchase based on its profitability, refund policy, and my custom settings. (you can get the Ivybot settings from the VIP section for free)

Overall Rating

19 Comments
  • Phil Des - Posts:
    July 29, 2010
    Reply #1

    Be warned that IvyBot was made by Mark Trenton…the same guy that sold USbot.

  • wildeactive - Posts:
    June 5, 2010
    Reply #2

    Hello Admin,have you heard about the Fx promaker?
    tks. wildeactive

  • Jorge Luiz - Posts:
    May 4, 2010
    Reply #3

    Hello Admin!
    Congrats on the site very professional.

    I have some questions and requests to you.

    * Could you pass me the configuration used in the test IvyBot.
    * In your opinion which system is more secure and profitable, or Forex IvyBot Hacked?

    No more, thank you for response

    *** Could send me by email

    Hug

    Jorge Luiz
    Brazil

  • arshadhmalik - Posts:
    May 3, 2010
    Reply #4

    I am extremely disappointed! 2nd time account is wiped out. It was really doing great perhaps it need little tweaking to avoid such sharp corners as on sunday.

  • sarah - Posts:
    May 2, 2010
    Reply #5

    Hi Admin, great site! Same here, unable to locate your new Ivybot settings to have a look.
    Hi Arshad, what settings are you using? Default?

  • arshadhmalik - Posts:
    April 30, 2010
    Reply #6

    Hi, I am a new user on this great site. I have received VIP password but was not able to locate IvyBot settings. I would appreciate if you locate me to these new settings.
    I am very curious how would we see the current drawdown !
    At http://cfbiivybot.mt4stats.com/ , Analysis tab doesn’t show any drawdown values. If you open account at http://www.myfxbook.com, they show relative drawdowns very well.
    Thanks.

  • Chad - Posts:
    April 28, 2010
    Reply #7

    which broker did u install the EA?

  • Matt - Posts:
    April 23, 2010
    Reply #8

    Not sure your settings for IVYBOT are clear. My version (both 5.0 and 5.2) do not have the variables your settings are suggesting. Am I missing something?

    • admin - Posts:
      April 23, 2010
      Reply #9

      I am using a much older version right now, I will be upgrading it to 5.2 soon and will update the settings accordingly.

  • Peter Nam - Posts:
    April 22, 2010
    Reply #10

    I have a Ivybot 5.2 . Can you tell me Which version did you test?

  • admin - Posts:
    April 9, 2010
    Reply #11

    Well Ivybot has tripled the account in less than two weeks, but at what cost? The current draw down is $1200+ right now. Not the safest way to trade that’s for sure. Perhaps some optimized settings will help, but I will let this account run it’s course on default settings for now.

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