No stop loss using IvyBot

Posted on 04. Aug, 2009 by in Random Noise

A few days ago, I wrote a short preview of the new EA called Ivybot. A lot of hype and crazy claims, and no facts. Now a few days later, more honest and reliable information is comming out. One of the aspects of the Ivybot seems to be that it does not use a stop loss, but simple shut down trades which has been open for a long period, without hitting the take profit level. This is somewhat similar to the way Forex Ambush 2.0 is working. Sure you can show a lot of winning trades, but keep in mind that one trade can take down your entire account balance. I would never let an EA trade my real money account, without using stop losses! What do you think?

Related posts:

  1. Preview of Ivybot
  2. Forex No Loss Robot Loses Big Time

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One Response to “No stop loss using IvyBot”

  1. Dr Don Yates Sr PhD says:
    August 30, 2009 at 10:03
    2 blog posts. 82% loss on 1st trade
    COMMENT  

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