RoboMiner Pro Robot Review - LIVE ACCOUNT

[hotsawce]

Originally Posted by PipCop

The problem for me with Forex.com UK and FXDD is that they all require $2000 minimum balances to trade with most robots. Sorry, as much as I'd love to demo robots on live accounts, I can't really afford that!

This sucks!

I'm in the same sort of dilemma right now. I'm looking to avoid the regulations that affect the bots but I'd like to start with a smaller balance :/

Are there any alternatives out there? I heard Alpari was good for a couple bots but they don't take US customers!

[Killer-B]

Originally Posted by only20gp

just read a post by killerB advising to bust robominer. why would u want to do that. been running it on new live account since august 1st till now, 3 and a half months n im up by 22% and still going strong. draw down of about 16 %. so no, not time yet. its doing exactly what it says it does and im enjoy my profits daily. I even hate weekends now!

mt4 stats is down AGAIN.. so please ignore my mt4 stats and look a http://only21gp.mt4live.com

You obviously didn't read my entire post, as I suggested after FOURTEEN MONTHS and ZERO NET PROFIT that maybe it was time to "let this go" - as RM is not doing as advertised - and your personal stats back this - Yes, you have around 1K in profit after so-and-so months, but you have just as much in DD's still open - as does PipCop's Demo/Live account -

After 14 months - to be maybe 4% ahead... (assuming all those open trades eventually close in profit) is just not MY trading style - Also, I said it was NOT a "bad EA" -- but suggested it was time to move on to others....

Same with Megahemroid - Not that it isn't making money for some (obviously, is not doing well here, and am still baffled why the "smiley face" is still on the lower negative accounts) when they are indeed below the starting balance - but look - it's not about if they are turning small profits or not (god bless if you are!) - it's the BULLSHIT CLAIMS they (affiliates) make that piss me off - And not even RB so much - as they DO call it straight - 4% a month - fair... but even after 15+ months, it's barely eeking that out - But my venom is towards the Megadroids of the world claiming 100% return in 1 month! and "predicting the market" - Ya right - bullsh!t

Again, I do not have the time or the emotional energy to answer or battle everyone that disagrees with me - I just toss my 2 cents in and share like everyone else what has worked well FOR ME as well what has not... if you don't like that... fine.... keep believing the hype and crap results... Numbers talk, BS walks - I just broke $76K on a $5K account in 5 months.... so I'm a believer of MY system - that smokes RM and MD - and any "tests" I've seen thus far... so till anyone can do better than 386% in 5 months.... well, let me know.......

KB

[hotsawce]

Originally Posted by Killer-B

. so I'm a believer of MY system - that smokes RM and MD - and any "tests" I've seen thus far... so till anyone can do better than 386% in 5 months.... well, let me know.......

KB

If you don't mind me asking, what is your "System." I'll pay you the price for megadroid or robominer if you can give me something that will turn 5k into 76k.

[Killer-B]

Originally Posted by hotsawce

If you don't mind me asking, what is your "System." I'll pay you the price for megadroid or robominer if you can give me something that will turn 5k into 76k.

Not meaning to be an ass here.... but I've had my hand slapped several times for "crossing threads" -- so please just look back a page or 2 and you'll see the new post we have going on for FF... that's all I can say... sorry

[only20gp]

everybody has the right to disagree. killer-b obviously missed the part where it says "long term investment" if someone is looking for a RUSH and sleepless nights, then by all means, trade any other system out there.

no need to be so defensive mate, take a chill pill and enjoy your profits. wish u all the luck and success.

u say its not doing what it advertised, well, dont know about anybody else but im getting my 6% a month...n im more than happy with it!

[ApacheDan]

Originally Posted by PipCop

I like RM because of it's purported low risk factor. I honestly have not really looked over MegaDriod, but my review has been sucking for who knows what reasons. The live traders are doing very well on it.

Forex.com offers Mt4 accounts via their UK branch, but you need a minimum of $2300 to trade safely with them as they do not offer micro lots.

Hi PipCop;

I like Robominer, currently testing it (actually GT Shadow, under RM"s settings) on both AUDNZD & EURCHF, using FXDD, but probably will change that to the FXCM-UK Demo, since I've got a live account also with them. I don't mind 2-3% consistent long-term/month.

I got lost somewhere in here & would like to know if you are still using default settings or have change something? For live trading, I will use a UK broker , for sure. Thanks for any info. Dan

[pipdetector]

As to Killer-B comments -- I find them refreshing. It is important to get some counterarguments when you are "in love" with anything. Usually, they sound like pestering for someone who is "under influence", but later they start to make sense. Shortly, even RM and GT are not "the one and only" system. Although I am mostly GT invested I see the EAs shortcomings more and more clearly.

For one, no RM backtesting takes the swap charges into account and they may amount to quite a lot with the long held positions. So overall the system may be less effective than the tests show.

[rsmereka]

For one, no RM backtesting takes the swap charges into account and they may amount to quite a lot with the long held positions. So overall the system may be less effective than the tests show.

Absolutely agree,

Since, right now, we are facing negative swap with AUDNZD, it is going to hit our profit hard in the future for those trades that stay in-play many months. We can, as Pipcop has mentioned, activate a setting (I have not done this) which will supposedly compensate for the swap but this setting has to be active when the trade opens.

Along with the rollover charges there is also periods of high DD which locks out money that could be used.

Rick

[pipdetector]

I have just got the message from FXDD that they are switching to full compliance with NFA as far as margin and backoffice records are concerned .

FXDD’s back office is compliant with all CFTC and NFA regulations regarding hedging and FIFO . Also, leverage will be adjusted to comply with NFA regulations [...]

Leverage will be set at 100:1 for major currencies; all others will have a leverage of 25:1. The only currencies affected by the 25:1 will be the USD/TRY and the USD/MXN. Gold and silver leverage will be set at 100:1 We urge you to examine your positions now and determine if and how the change in leverage will affect you.

Which means that they will not be a preferred broker for RM and GT any more as from what I remember the EAs author does not recommend 100:1 leverage .

Also I do not know what to make of:

FXDD’s back office does not recognize hedging. FXDD’s back office is a position based system and all opposing orders are offset immediately. Going forward the official FXDD account statements will show opposite positions being offset immediately. Please note: this change will not affect your trading style and will not affect your EA if you use one.

Is it the time to say goodbye to FXDD?

[rsmereka]

I got an interesting surprise last night and this morning. My Alpari UK demo and live account shows that the EURCHF pair first made a move down to 1.5005 and then moved sharply higher to 1.5101. When the pair moved south, my Robominer added two trades and then cashed them in when the pair moved north.

This may be an indicator that this pair is going to move out of the channel that it has been in since Aug 17 (I am defining the channel as 1.5242-1.5072).

Conventional wisdom about channels is that:

1. When the upper or lower boundary is breached, the stock, commodity or pair (in this case) usually continues in the same direction.

2. The distance or range of the move is usually equal to the length of the channel.

If this happens, we may be in for more trouble (DD) with this pair as the lower boundary has been breached according to my charts.

Can anyone with a different broker confirm my price points?

Rick