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