Quote:
Originally Posted by rsmereka  NightFX:
I also spent some time in the Yahoo Groups doing the same thing. Arrggg 
soak614:
That URL results in a 404 (11:30amEST Sun Dec 14).
My demo copy of RoboMiner is doing ok but its still selling AUDNZD and this pair has recently made a bull move so my four open trades are in drawdown  . Because of the small lot size, the drawdown is small (nothing like Forex Robot Trader/Steinitz HAS).
Rick |
It's it's in the high side of the "grid" so will only do sells until the price goes to the low side...then it does buys only.
OK here is a long cut and paste from yahoo groups explaining how to manually reset/"switch" the EA to get more profits. You should really understand how this EA works before attempting this. I demoed for about 4 months before going live over 2 months ago.
--- In
forex_assistant@yahoogroups.com, "forex_assistant"
<forex_assistant@...> wrote:
>
> When ever the
currency price gets away from center, everyone used to
> technical trading gets nervous when they see a large percentage of
> draw-down. I pay attention but I've been careful and I don't get
> greedy and make too large of a trade. The brokers aren't too worried
> about small trades so we gratefully accept what they give us. But
> when there is a large draw-down there is something that we can do to
> give ourselves a little bonus. This won't show up in the back-
tests.
> When there is a large draw-down there is a large number of open
> trades. If we changed the magic number, and the price would go more
in
> the wrong direction, the RoboMiner will just open new trades under
the
> new magic number. But if it turns around and the draw-down begins to
> decrease, the 'take profit' will close the old trade and the
RoboMiner
> will open and close the new ones. This in effect doubles your
profits
> with only one extra open trade at any given time. To amplify this
> effect, you can change the 'take profits' for the old magic number
to
> 100 pips or so. This will add two to three extra trades at any given
> time but your profits will double again because you don't have to
pay
> any extra
spread and each trade will eventually close for a 100 pip
> gain. After the first one closes, for every 40 pips the price moves
in
> the right direction, you will get a 100 pip profit.
> With the price of the audnzd moving lower, leaving open trades, I
> thought that it would be a good time to remind everyone of this
trick
> and give everyone a little present. Our thanks to Jerry for working
> this in to his limited time. I just put "ChangeProfit.zip" into the
> files area of the forex-assistant group site.
>
http://finance.groups.yahoo.com/group/forex_assistant
> You put this on its own chart for the
currency that you want to
expand
> and set the appropriate settings (they're self explanatory). I
would
> copy and paste the magic number that you are changing from into the
> settings box and wouldn't get too crazy with the
expanded 'takeprofit'
> . The number of ranges differ between the aud and the eur but I
used
> 60 on the audnzd this weekend and it work beautifully. This is a
> freebie so go get it. Bob.
> PS. don't forget to change your magic number in the Shadow or
> RoboMiner after making the 'takeprofit' pip change.
Be smart! Read the 
Linear Mode
