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Buy Ivybot - 3 Smple Tips

May 24th, 2010

Still sitting on the fence with Ivybot forex EA, then here are 3 simple honest truths and feedback on this unique forex system-

1. “The real advantage this robot has over others is that it is updated on a regular basis. This means that when the market changes, Ivybot soon changes with it. This makes it a more flexible, adjustable, and resilient robot than the rest of what’s out there on the market. Of course this doesn’t make it a 100% profitable robot. You will have losing trades with it than with any software but it’s not a static robot which runs exactly the same week in and week out.” - portion of exinearticle by John Drummond

2. “The IvyBot system is a complex algorithm developed by the IvyBot team. The algorithm consists of a combination of the following variables: Trend analysis, weighted price action,technical price patterns, market liquidity, volatility, and forward projection scanning. IvyBot is not a scalping system and its trades, on average, last several hours usually ranging from about 1 to under 24 hours.” - portion of exinearticle by Arek Zbikowski

3. “I’ve traded IvyBot only on a couple of demo accounts. I was never confident enough in the system to make a switch from demo to live. I do have to admit that I’ve traded my demo at very high risk level on a 10K account and I traded 2 standard lots per each currency pair. At the beginning the system hovered between 2 and 4K profit and the highest profit I’ve ever achieved was over 5K. Shortly after the system experienced a series of losses and I ended up blowing the entire account in a very short period of time. I have to admit if I was trading this system live I would have risked less; however the risk to reward ratio did not impress me to say the least. The IvyBot team prides itself in updating this forex robot very often to adjust to the latest conditions. The problem I find is that by the time they react to the changing market conditions and decide to issue a new version you might already find yourself in a very large drawdown or even blow up your account like I did.” - portion of exinearticle by Arek Zbikowski

Don’t forget, if you want more user ratings on this forex software, visit http://ivybotreviews.net/ now and get a non biased review.

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