s ivybot software a scam? Many Forex trading software sold on the internet may show outstanding back test results. But in actual fact, these software lose a lot of money when they are trading live. This is because some of them are programmed to fit past results, and this will not make them more successful during live trading.
To be honest, ivybot made me really skeptical at first. Its back test equity curve is really smooth and looked too good to be true to me.
Factors Used to Evaluate the ivybot Software
Winning Percentage
When evaluating this software, there are several key factors that can be used to judge its profitability. The first factor is the winning rate of the system. This refers to the percentage of winning trades that the software makes. Ivybot's winning rate in the past 2 Months has been 95% on average, and live testing is showing an even higher success rate.
Drawdown
Another important factor is the drawdown of the system. This is a percentage figure that tells me what is the maximum % of capital that ivybot has lost. Typical Forex trading software has drawdowns of 10% to 20%. Ivybot's drawdown is 0.35% which explains why the equity graph is so smooth on the statement page on its website.
Can You Really Trust the Back Test and Live Testing Results on the ivybot Site?
After looking at the historical results and its live trading performance, I am starting to see that this software trades in the direction of the long term trend, and the patterns of trading between back test and live testing are very similar. This shows that the bot is running with the same rules and therefore the proof results are reliable.
Is ivybot Software a scam? Find out how it works at
www.ivybot.com
