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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.
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