RoboMiner Pro Robot Review - LIVE ACCOUNT - Page 39 - Pip Cop

cogs · 2009-05-03, 07:21 AM

Pipcop you are correct as AUD/NZD is at the top of its trading range

, unless of course that range

is about to be extended or reach all time highs?

Having said that whoever still has it going should try and pick the bottom and get out at that point

, as when the price rises again you will just go into drawdown

. No einstien theory with robominer at all actually, you can match its trades if you just place sells every 'X pips' in the range

as all the chosen market does is fluctuate sideways.

Now that robominer owners know this you can out perform it by placing trades manually in the sideways range

and you choose how much drawdown

you have.

**pipdetector** · 2009-05-03, 04:14 PM

Another good point

is that the rollover

charge is now 0 for AUD/NZD... At least with FXDD so you are not incurring additional costs for keeping your positions open.

Gloworm · 2009-05-06, 10:36 AM

Quote:

Originally Posted by cogs

Pipcop you are correct as AUD/NZD is at the top of its trading range

, unless of course that range

is about to be extended or reach all time highs?

Having said that whoever still has it going should try and pick the bottom and get out at that point

, as when the price rises again you will just go into drawdown

. No einstien theory with robominer at all actually, you can match its trades if you just place sells every 'X pips' in the range

as all the chosen market does is fluctuate sideways.

Now that robominer owners know this you can out perform it by placing trades manually in the sideways range

and you choose how much drawdown

you have.

My Alpari data must be incorrect as I have a previous high of 1.47920 and a low of 1.02850!
So the current price of 1.28101 is not really very close to that, or am I wrong??

peteronmaui · 2009-05-06, 02:38 PM

Quote:

Originally Posted by Gloworm

My Alpari data must be incorrect as I have a previous high of 1.47920 and a low of 1.02850!
So the current price of 1.28101 is not really very close to that, or am I wrong??

Gloworm
You are right. All of those systems are based on the assumption that price will move within a relatively narrow range

. This range

is determined by a few years, since the start of the OTC

Forex market, as we know it. But if you look at those currency

pairs over 30 to 50 years, this 'Maximum range

' is just a temporary sideways market. I.ve been there. Anything can happen and usually will.
Peter

bruces · 2009-05-08, 01:45 PM

Quote:

Originally Posted by PipCop

Of course, the thing to remember is that right now is the ideal time to start trading with RoboMiner. As the currencies fluctuate and head down, all those open trades will turn into profit. It's done this time and time again, so one just needs to be properly capitalized and ... patient!

I agree 100%. I've been running this since December and this has happened a couple times.

Gloworm · 2009-05-09, 02:32 PM

I can remember Robo doing buys not sells !!

bruces · 2009-05-09, 02:59 PM

Quote:

Originally Posted by Gloworm

I can remember Robo doing buys not sells !!

It depends on where it is in the range

. I have seen both buys and sells on the AUDNZD. I just added the EURCHF and since its on the bottom of the range

its just been buys so far.

Gloworm · 2009-05-19, 05:48 AM

Don't worry chaps, it'll come down again.........................won't it ?

**pipdetector** · 2009-05-19, 05:55 AM

We'll see...

Killer-B · 2009-05-19, 07:38 AM

Try Forex Funnel - On my 3rd week now - 10-20% a week - just upped the lots yesterday - and we'll see what kind of drawdowns I get when it hits a major reversal... It handled yesterdays fairly well... Too soon to even consider giving it a "stamp of approval" - but has outperformed *every* other EA I've tried thus far... just keep the lots LOW! (1-5%)