Yes, you are exactly right. If you wanted to cash out today, you'd be screwed. While I generally have not liked carrying drawdown with other robots, I hope that RoboMiner will work itself out within the next few weeks. Personally, had I been trading manually, I would not have made the trades it did - I would have placed Buy orders. But if someone wants to let a robot do the thinking for them, then we're stuck with sub-par decisions. As with any investing, be it manual or with an EA, we really don't have any way to predict the direction the market will go anyway. I am personally very interested in seeing how this all works out. If it blows up, clearly it will be on the accounts which are setup improperly and over-leveraged, but if the others continue on than that will be fascinating.
GT-Shadow does have a lot of very complex settings. And yes, it can be tweaked to control the grid, plus a variety of other settings, far more than I can explain here.
Anyway, unless something changes here ... I sure can't go out to steak dinner tonight!