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Tested Result: testing
IvyBot
 

Updated: august 2009

Profitable: 5/10

Easy To Follow: 5/10

Honest Result: 5/10

Support: did not test support

Bonus Value: 5/10

Results: Testing

The Good: Simple strategy, not a spread scaper

The Bad: IvyBot is not adapted for 5-Digit feeds, not for ECN brokers

 
 

There was too much hype around new IvyBot which was released recently. Robot trades 4 pairs EURUSD / EURJPY / USDCHF / USDJPY with slightly different settings. Big claims on a website are not supported with a backtest or forward test results.

IvyBot strategy is rather simple - it is based on several standard indicators like Moving Averages and ADM - there is no rocket science involved. IvyBot is not adapted for 5-Digit feeds, it does not work on ECN brokers. here is no stoploss or trailingstop used - so the robot generates large drawdowns.

IvyBot does not trade often - many members were disappointed to see 1-2 trades in 3 weeks.