RoboMiner Pro Robot Review - LIVE ACCOUNT - Page 54 - Pip Cop

dennerle · 2009-09-26, 01:01 PM

Quote:

Originally Posted by rsmereka

That's what I figured. Thanks for confirming it was a broker

dip. What concerns me is that it was present in my demo and live account.

I would have thought that the dip would have closed all my AUDNZD trades but looking at my live statement, not one position was closed. The only position change was at the low, a position was opened.

Rick

because of the dip it did not close, could it be due to trade execution quality?

**PipCop** · 2009-09-26, 03:52 PM

Do you have AllowForSpread set to true? That might be a factor.

**rsmereka** · 2009-09-27, 11:33 AM

Quote:

could it be due to trade execution quality?

I don't know what trade execution quality is but is sounds like a blanket statement for any weird funkiness on the part of the broker

.

Quote:

Do you have AllowForSpread set to true?

Everything in my Robominer is default except for lots. I am not sure if AllowForSpread is true by default but it sounds like it should be.

Rick

**pipdetector** · 2009-09-28, 10:37 AM

Quote:

Originally Posted by rsmereka

Everything in my Robominer is default except for lots. I am not sure if AllowForSpread is true by default but it sounds like it should be.

Due the fact that I had a black swan event with my MT4 client computers (they were stolen

) I had to set all MT4 clients on another computer -- and it seems that AllowForSpread was not the default option -- I had noticed it only after several AUDNZD trades were closed much below the TP

. I wonder why the EA author does not make it the default value -- this really makes difference (the trades closed 8-10 pips lower than they could with this option on).

BTW, the recent days provide quite nice volatility

.

**PipCop** · 2009-09-28, 10:55 AM

AllowForSpread is set to true on the latest version. If you are not on 2.17 you should download the upgraded version here.

Also, as always, it is important to read the manual, check the settings, run on a demo account first, and once you are happy with the results then go live.

**pipdetector** · 2009-09-28, 11:16 AM

Quote:

Originally Posted by PipCop

AllowForSpread is set to true on the latest version. If you are not on 2.17 you should download the upgraded version here.

Also, as always, it is important to read the manual, check the settings, run on a demo account first, and once you are happy with the results then go live.

Indeed I must have used old settings that I got with the previous live GT-Shadow version.

It's good that such an oversight cost only smaller profits in GT

**PipCop** · 2009-09-28, 11:25 AM

Yes, I've mentioned it before but I have gotten spoiled with RoboMiner and GT-Shadow. In the past, I was happy if I was being profitable. Now I am only happy if every trade is profitable. When I see one where I lost money I say "Hey, that's not normal, what happened there?"

**pipdetector** · 2009-09-28, 12:02 PM

That's right. RM/GT may distort one's "normal" FX trading instincts -- it makes you drawdown

tolerant and even perversely make you glad when the price goes in the opposite direction, because you assume that you will cash on it when it bounces back to the midrange. This makes sense even in non RM currency

pairs -- but only if you have very conservative settings so when the price goes ballistic against you, you still do not touch margin call

.

rogermh · 2009-09-29, 01:18 AM

Sorry if this has been covered earlier in this thread (I skimmed through the previous posts so may have missed it), but why are there trades that have been closed for losses as reflected in the Aug and Sep 2009 statements? I thought that RoboMiner never closes trades for losses but rather waits until those prices are passed sometime in the future so that those trades can be closed for profits.

**pipdetector** · 2009-09-29, 01:40 AM

Quote:

Originally Posted by rogermh

Sorry if this has been covered earlier in this thread (I skimmed through the previous posts so may have missed it), but why are there trades that have been closed for losses as reflected in the Aug and Sep 2009 statements? I thought that RoboMiner never closes trades for losses but rather waits until those prices are passed sometime in the future so that those trades can be closed for profits.

Indeed this topic has been touched in this thread. Pipcop's copies are running with FIFO

parameter set to true. Which means that the EA closes trades when they reach a predefined Equity Percent (by default it's 101,5). Then all the trades are closed, but the expert ensures that the sum of the closed trades is profitable. Without this contraption RM would not be able to trade profitably in NFA regulated environment at all.