RoboMiner Pro Robot Review - LIVE ACCOUNT

[only20gp]

Originally Posted by peteronmaui

Ok, let me try
'best case scenario' is that the price takes off and you are protected by having the hedge , and then it does not matter how long it takes. Worst case scenario is that the market starts ranging between the level of your hedge and the level of your stop. So you have to be there physically, day and night, once your stop is hit, in order to place your hedge again, just in case. You lose your profit from the trades plus the spread , which can be quite a bit with the audnzd. If you place the hedge 4 ranges above your last position, you also lose those 4 ranges. Just look at an hourly chart, and see how often price can go back and forth within a few days...as it did lately. So, with having that hedge at the 'wrong' level, the advantage of RM to capitalize on the oscillation can cost you quite a bundle, if you hedge and get stopped out too many times.

now i get what you mean, the only thing is that if i place a hedge 4 ranges above my last robominer trade, and the market comes back down 4,5,6 ranges all i will losse will be the spread because the margin will (also) decrease from all the 0.33 open sell positions. i might loose one or two 0.01 sell trades but thats it. thats how its been on my demo testing. you were right about having to be there and monitor it untill its safe to close the hedge . but hey, it must be worth it not blowing an account.

thanks for the reply guys.

[peteronmaui]

Why don't you try it. Every time you put on that hedge you lose 0.33 as many pips as 4 to 6 ranges constitute. It's one thing to do it on paper, it's another thing to really sit there through a whole night when the price goes back and forth 2.3,4 times between your hedge and your stop. We even had the whole thing programmed with a similar system, so the hedge and stop would be initialized automatically, but that was no fun either because I woke up to the fact of having lost 2% of my whole account.

[rfolgate]

I would like to get your settings for the funnel. the settings have to be just right or you lose on this one. How many lots to use?

[Killer-B]

Oops - Sorry Peter - I got directed to this thread and thought I was responding to another - You're talking RM - My bad...

[jado911]

Hi guys,
I'm wondering why does is say 0.0% draw down even though trades go to negative territory?!
Many thanks
Jado

[PipCop]

I believe those stats on the bottom are more typically used for back testing. I switched the statements that MetaTrader uses so we can see the equity graph, but it looks like the regular account may not populate all those values.

I'll poke around and see if I am right or not.

[jado911]

humm, i have no experience with those :P
any how i just opened a new demo account with 200 starting balance, to set my expectation when and if i get it.
oh just opened a new trade, but it used .05 on the 200$ account...isnt it suppose to be .02?

Thanks alot PipCop

[pipdetector]

I am surprised that RM opened any trade at all. Normally it is set to 0,01 lot per each $2000 of your equity. I think it does not make much sense to demo it with less than $2000.

[jado911]

well thats how much i wanted to start my live account with. I changed the lot size to .01
its a matter of days before I go live with it. will keep posting resaults here.

[pipdetector]

Changing the lot size to 0.01 makes sense. It is still a bit risky, but taking into account the fact that the current price AUDNZD is still close to the upper bound, you will have odds stack to your advantage, so you may survive with such a small starting amount.