RoboMiner Robot Review - LIVE ACCOUNT

[Batchboy]

Pipcop,
Definitely don't run this at below minimum suggested initial equity, your drawdowns could be dangerous to your account and obviously come too often too close to hit margin operating this way.
What I would do is as I have now returned to doing with yoww (sorry to mention, Ah-hum! LOL) and that is TradeCopier to Master a minimum size demo account over to a Slaved live$$ mini account, this way you can proportion down the size of lots to penny lots, quite correctly proportionalized in thus manner for the size of mini-live$$-account you have. I was running a Thou size account ok with Robo a few months ago, but a couple of hundred dollars? Too small and needs micro proportionalizing like TC can do.
jb

[trendcat]

for 1 mini lot they recommend a 20,000 starting balance
thats extremly high
but lets see how the live account does

[PipCop]

I'll look into that, but at the same time I would like to see how the robot handles a small account balance. Ultimately I may have to have a larger account, such as $500, which would require more donations and such. I don't want to get into trade copier and such right now as it will add another level of complexity to users trying to recreate the results.

[Batchboy]

Originally Posted by PipCop

I'll look into that, but at the same time I would like to see how the robot handles a small account balance. Ultimately I may have to have a larger account, such as $500, which would require more donations and such. I don't want to get into trade copier and such right now as it will add another level of complexity to users trying to recreate the results.

Apologies pipcop, I am actually incorrect about TC, you already are on a mini account at IBFX, so .01 is already a penny, so one can't proportion down any smaller with such as TC anyway, so best stay in good consultation with forex-goldmine to try to "size up" how much some bigger trend swings could have on your equity drawdowns. Too bad the past performance of demo you ran doesn't keep recorded the DD's that occured too, I've seen back-test have a green equity line for equity as opposed to just the blue-line equity chart, but not sure if live-demo can avail that in chart. Be nice if it could so you could examine past few months on demo and "give it" an X factor allowed tolerance for any possible trend moves in the future for worst case estimate.
You might ask (as I did once before) how the back-tests did during that range shift 1-1/2 years ago at same time.
jb

[Batchboy]

Originally Posted by trendcat

for 1 mini lot they recommend a 20,000 starting balance
thats extremly high
but lets see how the live account does

Ah-Ha! Therefore 1-micro-mini (.01) is 1/100th of 1-mini, so 1/100th of 20,000 is $200! So your spot-on at correct lot size pipcop!
jb

[trendcat]

i think your wrong batchboy
i micro lot is 10 cents a pip
it says you need 2500 to trade 1 micro
a nanlot is 1 cent a pip
you only need 200 -250 for that
but correct me if im wrong pipcop is trading micros,so you need 2500
it must have incredible drawdown to need that much for a micro

[Batchboy]

Originally Posted by trendcat

i think your wrong batchboy
i micro lot is 10 cents a pip
it says you need 2500 to trade 1 micro
a nanlot is 1 cent a pip
you only need 200 -250 for that
but correct me if im wrong pipcop is trading micros,so you need 2500
it must have incredible drawdown to need that much for a micro

hi tc,
On a mini account at IBFX, .01 is 1-penny, that's a micro-mini, .1 would be a micro, and 1.0 a mini. Naturally, conversion factor needed since AUDNZD is not a major with USD as base, so that's ballpark.
So 1/100th of a mini is .01, a micro-mini, which is what EA is doing right now with $200. 1/100th of $20,000 = $200.
jb

I'm not sure I fully appreciate the "thumbs up" on this robot. Although it has had an impressive November, fair December, it's January shows it carries big losses compared to closed P&L. I know the concept of Grid trading, but seems like your equity could take quite an unrealized P&L hit while you're waiting for the market to come back in line....IF it comes back in line in a reasonable time.

[GabyZ]

I agree with you, a fast scalper it's better I think, I'm keeping an eye on Fap turbo.

I've read of more having success with the Fap Turbo ea on FxPro (where you don't get banned for using EAs).

[marlintrdg]

Originally Posted by GabyZ

I agree with you, a fast scalper it's better I think, I'm keeping an eye on Fap turbo.

I've read of more having success with the Fap Turbo ea on FxPro (where you don't get banned for using EAs).

Who's banning for using EA's?