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Thread: RoboMiner

  1. #11
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    Quote Originally Posted by Rolf View Post
    if the account is too small it will blow it up. If sized correctly it can give yo 5-10% per month. However bot pairs did tend to trade within narrow ranges within the last months, so profit has been decreased.
    What settings are you using? I tried a lot size of 0.02 for 2008 and it only gave a 9% ROI for the whole year.

    I haven't tried evey setting because it take soooo long to back test - 3 hours for 1 year for me!

  2. #12
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    I guess part of the problem is that Alpari UK is not so hot for AUDNZD spreads.

  3. #13
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    Quote Originally Posted by sparkz View Post
    What settings are you using? I tried a lot size of 0.02 for 2008 and it only gave a 9% ROI for the whole year.

    I haven't tried evey setting because it take soooo long to back test - 3 hours for 1 year for me!
    Backtest gave me 100-120%, with standard settings. But as I said, both pairs are very slow, and AUDNZD moved mainly upward this year, so there are not too many trades. This is the disadvante of Robominer, it only trades in one direction (at least by default), depending on the position of the price related to the center. The spread does not have an impact on # of trades, just on the profitability overall. And the spread for AUDNZD is bad with most brokers.

  4. #14
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    Thanks Rolf. Actually I'm finding, on Alpari UK at least, that the EURCHF is a lot better.

    I'm interested, what drawdown % do you get for 100%?

  5. #15
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    THis continues for me to be a true money making machine, i am getting still on live between 5 and 20% every month, robominer for me would be the bext long term EA i have ever used.

    It continues to be low risk and good returns considering i view it as a long term system and not a short term get rich quick skeem!

  6. #16

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    wannaberich,
    what settings are you using to get 20%p/m?
    and how does it perform to sniper forex, did u get the ea working?

  7. #17
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    wannaberich: When I was playing around with the 2008 back tests I could get figures like that but only by risking a drawdown of 90%. How long have you been live on it? What your biggest draw down so far?

  8. #18
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    Standard setting pretty much, however i change the magic number every 5 trades to give me double profits without increasing my DD or risk.

    Sniper failed in my tests using the EA, so have not been trading it

    Quote Originally Posted by jimmynz View Post
    wannaberich,
    what settings are you using to get 20%p/m?
    and how does it perform to sniper forex, did u get the ea working?

  9. #19
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    i change the magic number every 5 or so trades to give me double profits without increasing my DD or risk.

    Quote Originally Posted by sparkz View Post
    wannaberich: When I was playing around with the 2008 back tests I could get figures like that but only by risking a drawdown of 90%. How long have you been live on it? What your biggest draw down so far?

  10. #20
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    I've been live with Robominer for 6 months and can't speak highly enough of it.

    Like Wannerberich I change the magic number every 5 or so trades to get double trades - thanks Wanna

    You must have a minimum balance of $2000 to trade one pair and $3500 to trade both pairs.

    If you trade using the default settings your money management is set at ultra conservative - you will get drawdown, but your account will not be in danger of blowing up. Drawdown is part of the system and if you can't handle that then it's not the robot for you. You don't pay much attention to the drawdown after a while...at the start though, it fascinates you..

    Also, you can download a free unlimited demo version to play with as long as you like.

    Love it!

    Maree
    My investment strategies - a smorgasbord of choice!
    http://www.recipes4wealth.com

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