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Originally Posted by rsmereka  There is a 10 week demo of Pips Miner here which ended Nov 26, 2009 and the EA was promoted to a live account. Unfortunately, you have to be a paid member to view the live account statements at that site.
Another demo review is here. This demo has been running over 15 weeks. Take a close look at the equity graph. This is what can happen with multiple losses. Notice that the equity peak was a while ago and the EA has not yet recovered.
Another demo review is here. This demo has been running since Sep 3, 2009. Notice that same equity curve where it peaks and then has multiple losses and has yet to recover.
My impression is that Pips Miner SE is like a lot of other EA's that trade the EURUSD pair. I live and demo trade another EA, EB-Turbo which is very similar. The key with this type of EA is to keep the losses to a minimum because the EA losses way more pips per trade than it wins. One way to keep the losses down is to shutdown the EA prior to NFP day (generally, the first Friday of the month...which is tomorrow). Pips Miner also has no MM which means that the lot size has to be manually calculated and plugged in.
There is also a good discussion of Pips Miner here including it's similarity with EB-Turbo and it's tendency to have a long string of wins and then start losing.
Rick |
That's pretty much what I've heard about pips miner; I don't think it's the robot for me. However, I've heard interesting things about Equity Builder...uses a limited martingale strategy or something. Have you heard of it?