RoboMiner Robot Review - LIVE ACCOUNT

[terry_money]

Moderator,
nice job, and could you give a settings that can give me at least 50% of account size of 5k in a month's time ?

[PipCop]

Thanks.

If I had that setting, I'd be using it for sure! Unfortunately, I don't have any settings for GT-Shadow which would do that. You could probably come up with your own, but the whole point of GT-Shadow is for users to experiment and see what they can come up with. It's not an "out-of-the-box" robot that just runs like most others, it's designed for folks who want to try different strategies and come up with their own ideas.

That's not to say it's not possible, of course. If you didn't mind a lot of risk, and thought - or more aptly, you were SURE - the currency was going to fall from the historical high (AUD/NZD) that it is at right now, then all you would have to do is make the lot size larger. However, if you were wrong and the pair goes the other way, then you would carry too much draw down and be closed out.

RM and GTS are designed to trade safely within the grid *IF* you have enough equity. With $5k and trying to make $2500 each month, you would be hard pressed to be successful. However, you could probably make $500 to $1000 much more easily. Then after several months, you could change your settings to be higher. Of course, you have to keep an eye on the grid to see what is going on, lest you carry too many open trades while you wait for things to come back around.

So, with all Forex trading, it's risk - how much can you handle?

[Killer-B]

Originally Posted by johnrw

Killer-B

I see you are in NZ and Colorado. Are you willing to send me a personal message so that I can seek some guidance from you regarding Forex Funnel and RoboMiner? I am in NZ. Cheers.

John - send me your email in a PM - and we can talk more... I can only speak to FF - as I ditched RM long ago... (nothing against it, just not my speed) -

Cheers,

KB

[Killer-B]

Originally Posted by Killer-B

FWIW - *IF* It had not taken that very very very first "buy" when I first installed it.... I'd have no negative float... Not bad.... Is it Megadroid? No, But I bet you a box of donuts mine "doubles my account" in 1 month before Megadroid does...

KB

Several have asked about Funnel - and my experience - and am offering this "update" as I'm now at 26 trading days, and just doubled my cash account as I had HOPED (stated above 4 weeks ago) - This is not a brag or boast - as it could bust tomorrow - but I did predict (with allot of wishful thinking!) that I could double my cash account in 30 days and before MD did -

BTW - the same "bad buy" I did at 1.00 (above) - is still there and open - so my DD is not due to FF - it is due to me trading bad news.... so remove that, and you're at 3% DD - worst I've seen is 15% -

I am so thrilled with this EA I just tossed it onto another IBFX account (they gave me $50 free for signing last week) and trading micros and is already up $16 in 4 days (THURS-TUES) - So, I dunno what to say guys.... I see all the adverts for 100% return from others... and yet none produce (minus RM - as it is steady 10% ROI) but takes forever (IMHO) - It is not for everyone - and yes, it is martingale and very risky - but works for me!

*IF* you have the capital to bankroll this one (2500:1) - I'd give it a go on a demo account for about 6 weeks - and see how it does - then toss it on a micro live - I wish I'd found this EA 2 years ago .... Love it!

KB

Oh yeah - following PC's lead here... I am so thrilled with it - I decided to promote it - I've tested it for over 3 months now - and have had stellar results - so I am willing to put my name behind it - http://www.forexfunnel.com/index.html?hop=kaltex

[only20gp]

hi guys, im alittle confused about something. im currently trading robominer on a live account as you can see from the stats. im on FXDD with 200:1 leverage trading 0.01 lots. because of the new rule coming out on the 31 july, im switching to a diffrent broker . there are brokers like mine that offer 200:1 and some offer 300:1 others even 400:1. my question is , what (positive) diffrence is there if i switch from my current broker with 200:1 to one that offers 400:1. will it be the same as just trading 0.02 instead of 0.01 on a 200:1. thanks in advanced.

btw, does anybody have any experience with GoMarkets Australia?

[PipCop]

Here's an overview of leverage :
http://www.margin-strategies.info/ab...-on-forex.html

Also check out the "Settings" tab on this page which details the recommended account type for RoboMiner:
http://www.pipcop.com/forums/products_robominer.php

That should help.

[only20gp]

thanks pipcop. read through it but it jst explains how good or bad it is. so ...

200:1 trading 0.02

is the same as

400:1 trading 0.01 ?

[Proupin]

The only differce is the amount of margin required to open a position. The pip value remains the same:

1.00 lot (100.000 units of base currency ):

1:100
pip value= 10$
margin required=1000$ (your broker will set apart 1000$ from your account to be used as margin )
you will get 1000$ back in case of a margin call

1:200
pip value= 10$
margin required=500$ (you essentially have twice as much margin )
you will get 500$ back in case of a margin call

[peteronmaui]

By the way
if the new FIFO rule comes into effect, won't that stop Robominer dead in it's track ?

Peter

[PipCop]

Good question. I suppose it might, but I suspect that Jerry is coming up with a solution. At the very least people can use non NFA brokers fairly easily.