Home > Forex > Finally bought RoboMiner (II)

Finally bought RoboMiner (II)

July 29th, 2009

I’ve been demo trading RoboMiner since beginning of June with very nice results (this of course depends heavily on the movement in AUDNZD). I’ve signed up for the subscription service since the price for the full license is just way to much money to invest. $40 a month also adds up of course but at least that can be taken from monthly profits I hope :)

I have started it on my existing Forex.com/UK account trading 0.03 lots in AUDNZD and 0.01 lots in EURCHF. I’m prepared to add more funds if needed to weather out draw downs. I might also add more and up the lot sizes depending on other investments fall out or not. We’ll see.

Cashbackforex.com offers 15% rebate on purchases of RoboMiner, so check them out if interested.

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  1. hansen
    July 29th, 2009 at 10:22 | #1

    Good stuff:-)
    I am pretty sure that it does not trade above the 2950′ish mark on audnzd though. I read it somewhere on a board in a reply from the developer (think it was the official RM/GoldenGrid board).
    Nevertheless it is a good solid ea.
    I am running it myself on demo. Works well even with just 900 usd balance.

  2. hansen
    July 29th, 2009 at 10:23 | #2

    to be more secure, it makes it even greater to run it with eurchf as well. Takes a larger balance though.

  3. hansen
    July 29th, 2009 at 10:26 | #3

    oh, while I remember, the RM developer recommends to use Forex.com UK with this EA to trade it as it was meant to be traded originally. Furthermore, TheAslanGroup (IB) offers some cashback on every trade I think.

  4. July 29th, 2009 at 11:16 | #4

    @hansen
    Okay, that is too bad I think (about it not trading above). I haven’t gotten a response yet myself.

    I’ve enabled it with just 0.01 lots EURCHF for now. Tempted to add more funds and up the lot size a little, but I’m just about to fund $10K to Dukascopy, so I can’t afford it this month. Got my first winner (in AUDNZD) this morning after just 12 hours trading :)

    I’m with the Aslan group on my Forex.com/UK account that is running RM. If anyone else is interested, go look in Donnas forum, they have their own section there. They offer Forex.com/UK (and some that are also offered by cashbackforex.com, which I otherwise prefer).

  5. hansen
    July 29th, 2009 at 19:06 | #5

    well that will not be too much of a concern if youre trading both pairs. even if the audnzd decides to blow all limits and head up to .38, the pair will most likely come back. remember there is also a safeguard in not opening trades above those .29 since every position will make a drawdown increasing much for every subrange down toward the center. So if it indeed goes above the historical range for a period, we put the audnzd “on hold” while still placing trades on the eurchf. I do not mind getting to profits slowly, as long as the system is well thought out. And I consider Robominer to be well thought out.

  6. July 30th, 2009 at 11:51 | #6

    that question you (we)have about if robo stops placing new trades above the 2950~ level you _could_ also post in a thread on the official robo forum at http://forum.forex-assistant.com. Or I could post the question there - just let me know:-)
    //Hansen

  7. July 30th, 2009 at 15:13 | #7

    I made a topic there regarding historical high now. Quite interesting reading all the other topics there. Like the practice to manually change T/P on long time orders to cover the cost of swaps.

    http://forum.forex-assistant.com/viewtopic.php?f=6&t=112

  8. hansen
    July 30th, 2009 at 23:20 | #8

    yes. It is. FWIW I am currently trading RM (AUDNZD) with both M5G Cyborg and MD on the same account to get some diversification. Every EA with low risk. This is working well so far.

  9. July 31st, 2009 at 10:42 | #9

    Bob has answered there now. It stops at 1.30-ish it seems. Good to know.

    I added another $500 to the account yesterday and upped the lotsizes to 0.04 AUDNZD and 0.03 EURCHF.

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