RoboMiner robot review

[PipCop]

Just an FYI - I sent Jerry this message via email yesterday:

Originally Posted by James Fullerton

Quick question - the current lot size is 0.02. Would you recommend changing it to 0.2 or leaving it alone?

And Jerry replied:

Originally Posted by Jerry Brunet

No, leave it where it is. The EA should trade no more than .01 lots for every $2000 in account balance on a standard account or every $200 of balance in a mini account. This is very conservative, but is necessary for those rare times when the AUD/NZD moves to the more extreme ends of its trading range . The proof.pdf that is in the zip file that the RoboMiner came in goes into the mathematics of this in more detail. We could trade more lots and make money faster, but it is not as safe for the long term to do that.

[roberto59]

i like your robominer,i'm demoing it right now on eu/chf, 1 question,can i modify the lot size by the range setting?

[roberto59]

sorry i saw my answer on the precedent post, but i have 20,000 demo and only .08 lot opens ,would it not supposed to be .1?

[yast77]

RobotMiner,
I notice that your expert does not have stoploss, will it blow up an account ?

Regards,
Yast77.

[Wardog]

Go to the Robominer website and read his mathmatical logic for the system. Yes there is no stop loss. That is why you trade very small lot sizes in relation to the account size.

I have been trading this for a week on demo. The account size is 5K. The lot size is .01 lots. Every pip move is ~ $.09 American on the AUDNZD and the EURCHF . I am trading both in separate charts. As per his instructions, I have set the BalanceFactor for 3500 if trading both in the same account. I have already made $91 on the account - almost 2% in one week.

This is really designed to make 6% to 10% per month. Very small lot sizes with ability to withstand large drawdowns.

In Gridweaver, he does have a master stoploss that is programmable. It is set at 59% of balance from the high mark. That setting is not in Robominer, probably because he thinks it is less aggressive of the two EAs

[caillie]

What is the best broker besides FXDD to trade Audnzd as understand that FXDD have one of the lowest spread fo this currency but i dislike their service. Any recommendation?

tks

[Gloworm]

Been live now for nearly one week & up over 3% despite Alpari spread at 20 pip

[gelt]

Pip cop:

For some reason double trades are bing executed on the demo account you have.

[PipCop]

Originally Posted by gelt

Pip cop:

For some reason double trades are bing executed on the demo account you have.

Good catch. Somehow MetaTrader was running two instances... I stopped one. I must have double-clicked too many times.

[caillie]

Originally Posted by PipCop

Good catch. Somehow MetaTrader was running two instances... I stopped one. I must have double-clicked too many times.

omg...we got a trigger happy copper