Forex Growth Bot, however, appears to be different to these types of robot. The backtests on the vendor's website (and also the forward test which has so far been running over 5 months) suggest that the system is likely to win less than 50% of its trades, but its risk/reward ratio seems to be somewhere between 0.4 and 0.5, meaning the average profit is likely to be over twice the size of the average loss. The EA is made even more attractive by the fact that its average win size is around 60 or 70 pips which should theoretically mean that its performance is unlikely to change much regardless of which broker it's run on.
The system works on just one currency symbol, the EURUSD, and runs on the 15-minute chart. I wanted to test it for myself to see if it can live up to its promises.