Description

Growth Bot is a product brought to us by the developers of Overdrive and Turbo Drive.  The back test of Growth bot has a 135% return with a draw down of only 6%.  Another impressive statistic is the average winning trade is $87.36 while the average losing trade is just 35.46. The EA opens positions in bursts and can hold them for just a few minutes or up to hours at a time.  Rather than using stop loss orders, the system uses the "Order Close" function, this is beneficial for a few reasons.  For one, this hides your stop level from your broker, also, it let's the EA use other metrics to determine when to close a position (indicators, time, etc).  

The developers have had good success and good customer reviews on their Overdrive expert advisor. Growth bot certainly has better features than overdrive, including a better risk to reward ratio.

www.forexgrowthbot.com

Conclusion

We Believe the experience of the development team is evolving.  While we still need to see Growth Bot trade in a live environment, at this point we believe Growth Bot is a solid EA that can contribute to any trading account.  A very impressive aspect of this EA is its 10 year back test; seeing a system not only survive but flourish over an extended time period is encouraging.