RoboMiner Pro Robot Review - LIVE ACCOUNT

[RedFox]

Hi, thanks...so fast response!
Yes, I created four different accounts, each time trying to specify from 5000 to 10000 and it always ended up giving me 50K. Maybe that happens in Live as well!!! Deposit 5000 and we give you 10X new account bonus!

I'll leave it run, I believe that the account runs for 90 days, so if after a month it is showing reasonable signs I might fund a live account.

[pipdetector]

Originally Posted by peteronmaui

Don't be fooled by Balance, the only one that counts is Equity. I traded a very similar system last summer, my Balance was growing by leaps and bounds, but my Equity was shrinking day by day. I nearly quit my day job, traded the system on three accounts until the day when the gbpjpy did not come up after it had gone down and I took a hefty loss.
If I would not have done that, I would have lost all. In currency trading it's just a myth, that what has gone up, must come down, and vice versa. Currencies don't have to do anything. Study currency charts over many years, and you will see that.
Peter

IMO AUDNZD is a bit different from GBPJPY. What helps here is the fact that New Zealand and Australia economies are quite correlated so they move slowly and in a relatively tight range . In case of GBPJPY this is quite a different story...

[gross77777]

Hi Pipcop,

Will NFA`s new No Hedging Rule affect Robominer ? For example is it possible that it would have open buy and sell trades at the same time on the same currency pair ?

Thanks

[Batchboy]

Originally Posted by gross77777

Hi Pipcop,

Will NFA`s new No Hedging Rule affect Robominer ? For example is it possible that it would have open buy and sell trades at the same time on the same currency pair ?

Thanks

If I may butt-in before pipcop says something........I'm running a live$ account with Robo for someone on my server, just went to look and "it seems" all trades open right now are only in one direction opposite the current trend , in this case sells.
So I frankly doubt if such a grid deal is going to be against this rule which is for hedging type EAs.
Best to double-check with Jerry of forex-goldmine though! If you do let us know!
Thanks!
jb

[PipCop]

I don't think it will as RM historically has always placed orders in one direction. However, I emailed Jerry to confirm. He's out of town for a few days so I will update you when he returns.

[trendcat]

i just noticed on friday the live account dipped to a new historical open trade low
it seems robominer didnt find the gold mine it found a worthless claim.
it was fooled a few weeks ago when it opened all those sell trades.

[wannaberich]

The world certainly is not short of whingers and complainers! Anyhow this just keeps making me money, i have been using this on live for quite a while now and it still is averaging between 5 and 20% a month for me.

It has been a little quite over the last few weeks, but i can not expect to keep making 20% a month for ever, i guess i have to expect some DD from time to time.

Go robominer!

Originally Posted by trendcat

i just noticed on friday the live account dipped to a new historical open trade low
it seems robominer didnt find the gold mine it found a worthless claim.
it was fooled a few weeks ago when it opened all those sell trades.

[pipdetector]

to wannaberich:

WOW! 20% a month -- you must have set balance factor to 1000 USD... I as far I see it is hardly possible with the default setting...

[trendcat]

we are talking about the default setting,and that is not making money
if you are screwing around with the setting and lucking out with a profit that doesnt count
you should tell pipcop so he can change the setting on the live to start making 20% amonth

lets see your account statements too before we hear about these % numbers people just throw out of a hat.

[wannaberich]

I started my account balance with $3500 Aussie dollars.

I am using defult settings and a 3500 balance factor for both pairs. I am averaging a month anything from 5% to 20% there was a month when i netted around 30%, the max DD i have had is around $350 and that is Australian dollars, i don't trade worthless US currency !

That is what i am making, the money is in my account, i am not botherd if you do or do not believe me!

Agree it is has been quite over the last few weeks, but you can not expect to make 20% every month and very little DD, i expect at times there will be some larger DD and that is when i will make my money on the snap back.

I tested this on Demo for a very long time and now how it trades and works, it is not a quick fix EA where you make 100 plus percent each money, it for the LT when on average you can expect to make 3 to 5% a month, i have just been a little lucky where i have been making 20% rather than 3% a month.

Either way i am happy to make 3% a month, at least it is better than interest in the bank!

Why what do you class as not making money, do you think an extra 3% a month is not worth it or something, i am very happy with that, if you are not then find one of those EA that are high risk and high returns, yeah you might make some big dollars fast, but there is a greater chance that you will lose it all even faster.

I am in the forex market for the long haul so very happy with small gradual gains, not just for the month or two.

Originally Posted by trendcat

we are talking about the default setting,and that is not making money
if you are screwing around with the setting and lucking out with a profit that doesnt count
you should tell pipcop so he can change the setting on the live to start making 20% amonth

lets see your account statements too before we hear about these % numbers people just throw out of a hat.