Pip Cop - Forex Robot Reviews - View Single Post - RoboMiner Pro Robot Review

wealthsecrets · 2009-10-04, 08:47 AM

Hello,

I have been running Robominer 2.15 in demo using FastBrokersFX.com since July 23, 2009 with $2,000 and trading 1 mini. I have tried both AUDNZD and EURCHF using FIFO set to True and to False and can't seem to find a happy medium.

The AUDNZD with it's high spreads of 14 pips didn't seem to hit it's TP very often and started to have significant drawdown for a $2,000 account trading 1 mini. With FIFO set to false, the TP was usually 40 pips. So that means that the pair would have to move 54 pips before TP was achieved. If FIFO was set to true, then TP is 0 and is using a EquityPercentTakeProfit default to 101.5 and usually go after 20 pips.

What is strange is that I have old EURCHF trades dating back to August 13 when FIFO was set to False and waiting for all the Buy trades to go back up and close. The EURCHF has been ranging but in a down trend. Robominer keeps placing buy orders in an overall down trend and accumulating drawdown. Have you ever seen the Robominer place sell orders with the EURCHF?

And I wonder why it appears that so many people are experiencing better results with the AUDNZD even with it's higher spread of 14 pips?

And what FIFO setting on what pairs have you seen better results?

Thanks for shedding some light and information on the use of the Robominer.

Thanks,

Mike

2009-10-04, 08:47 AM	#551 (permalink)
wealthsecrets New user Posts: 4	Hello, I have been running Robominer 2.15 in demo using FastBrokersFX.com since July 23, 2009 with $2,000 and trading 1 mini. I have tried both AUDNZD and EURCHF using FIFO set to True and to False and can't seem to find a happy medium. The AUDNZD with it's high spreads of 14 pips didn't seem to hit it's TP very often and started to have significant drawdown for a $2,000 account trading 1 mini. With FIFO set to false, the TP was usually 40 pips. So that means that the pair would have to move 54 pips before TP was achieved. If FIFO was set to true, then TP is 0 and is using a EquityPercentTakeProfit default to 101.5 and usually go after 20 pips. What is strange is that I have old EURCHF trades dating back to August 13 when FIFO was set to False and waiting for all the Buy trades to go back up and close. The EURCHF has been ranging but in a down trend. Robominer keeps placing buy orders in an overall down trend and accumulating drawdown. Have you ever seen the Robominer place sell orders with the EURCHF? And I wonder why it appears that so many people are experiencing better results with the AUDNZD even with it's higher spread of 14 pips? And what FIFO setting on what pairs have you seen better results? Thanks for shedding some light and information on the use of the Robominer. Thanks, Mike