RoboMiner Pro Robot Review - LIVE ACCOUNT - Page 55 - Pip Cop

**PipCop** · 2009-09-30, 07:30 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.

To add to the explanation above, I also ad not upgraded to the FIFO

version of RoboMiner II, so those trades were hit by IBFX's back office following the FIFO

rules. Had I upgraded before those trades were closed, RoboMiner would have waited until all the open trades were profitable before it closed them.

So, this was a case of a lack of user intervention

, not the robot failing.

dennerle · 2009-10-01, 03:51 AM

Forex.com UK customers, do you realize the swap

rate

has been increased? Instead of -0.04 now is -0.06?

also is there any link to view forex.com's interest rate

for currencies?

**pipdetector** · 2009-10-01, 04:02 AM

Quote:

Originally Posted by dennerle

Forex.com UK customers, do you realize the swap

rate

has been increased? Instead of -0.04 now is -0.06?

also is there any link to view forex.com's interest rate

for currencies?

Here is a notice from FXDD website:

The rollover rates posted below are indicative rates and are subject to change based upon market volatility .

In other words -- anything may happen...

dennerle · 2009-10-01, 12:50 PM

Quote:

Originally Posted by pipdetector

Here is a notice from FXDD website:

The rollover rates posted below are indicative rates and are subject to change based upon market volatility .

In other words -- anything may happen...

hmmm does FXDD = Forex.com UK??

**pipdetector** · 2009-10-01, 04:40 PM

I am not sure about this, but my point

is that if brokers state the conditions this way they may change the rollover

rate

overnight, whenever the market gives them a hint of reason for it. FXDD is just an example.

**pipdetector** · 2009-10-02, 01:05 PM

Another good day for RM.... :-)

**PipCop** · 2009-10-02, 01:11 PM

Yeah, I bumped my live account to 0.02 lots instead of 0.01.

**rsmereka** · 2009-10-02, 02:18 PM

You upped your lot size? Wow. I'm impressed. The last holdout now running Robo hot like the rest of us

It's been a good week. 8 AUDNZD trades on my live account and 9 trades on my demo account so far this week. EURCHF, however, is stuck in the swap

. Only 3 EURCHF trades this week on my demo account.

Rick

**PipCop** · 2009-10-02, 02:39 PM

Yeah, I figured I have enough equity and we're high enough in the range

... and it's such a small account, hey why not?

I really need to stop being so damn lazy and open an account with Forex.com or FxPro or someone non FIFO

so I can make some better money.

investor_me · 2009-10-04, 09:16 AM

Quote:

Originally Posted by PipCop

Yeah, I figured I have enough equity and we're high enough in the range

... and it's such a small account, hey why not?

I really need to stop being so damn lazy and open an account with Forex.com or FxPro or someone non FIFO

so I can make some better money.

I have devised a MM method that I will be using from now on to take advantage of the range

value of the current trade for AUDNZD and EURCHF and I attach the spreadsheet I use here. Note that it applies a maximum lot value for each trade.

The idea behind it is to increase the lots whenever the range

is away from the mid-point

and decrease it when it approaches the mid-range

zone. It is like a probability measurement, as the further away from the midpoint you are, the lower the risk will be for a large drawdown

.

The calculations are based on your account size (default: $3,500).

Based on the spreadsheet for example, right now, the AUDNZD pair would open sell orders of 0.02 lots because it is in the 40 range

. On the other hand, it would open buy orders of 0.03 for EURCHF because the range

now is 17.

For a more aggressive setting, we could change the account balance to 10,000 for example. In this case, AUDNZD would sell 0.04 lots while EURCHF would buy 0.07 lots.

Those with experience in trading RM could help us tweak those settings and perhaps use an exponential correlation for example rather than a linear one for example by multiplying the end result by 2 for example to any thing below the range

of 10 or above range

55.

Note that this MM does not change the fact that you could also enhance your profits using the change_profits EA provided by the FX-Goldmine or/and changing the magic number for every so open orders.

I appreciate any feedback or thoughts on this idea.

i_me

--
Note: I had to compress the xls file to zip. I suggest to the admins to allow xls uploads