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Thread: RoboMiner Pro

  1. #21
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    Hey wannaberich,

    I have read in other post, you have mentioned that by changing the magic number after 5 open trades, you eventually gain double profit without increasing risk or DD.

    Let me illustrate an example, what if the the price keep moving away from the mid-price range? after 5 open trades and after changing the magic number and hence more open trades, if the price keeps moving away from the mid-price range, isn't that until certain extent, the floating will hit the margin call requirement and hence the account got blown up? can you please explain more how the risk and DD are not increased?


    I'm new to robominer, not very understand yet how it works.

  2. #22
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    you do understand it better than wannabe..

    ofcourse its exactly as you assume, the more additional open positions, the higher the risk to blow the account.

  3. #23
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    Quote Originally Posted by wilsonch88 View Post
    Hey wannaberich,

    I have read in other post, you have mentioned that by changing the magic number after 5 open trades, you eventually gain double profit without increasing risk or DD.

    Let me illustrate an example, what if the the price keep moving away from the mid-price range? after 5 open trades and after changing the magic number and hence more open trades, if the price keeps moving away from the mid-price range, isn't that until certain extent, the floating will hit the margin call requirement and hence the account got blown up? can you please explain more how the risk and DD are not increased?


    I'm new to robominer, not very understand yet how it works.
    What Wannaberich is saying is not to be taken literally as DD and risk will rise, but only by an extra 1 or 2 trades, I dont think he is going to waste his time working out the % of new risk to tell everyone as it is so minimal.
    By changing the magic number, if the price moves away it will still only open single new trades untill you decide to change the magic number again.
    Example.
    You change the Magic at the 5th open trade, RM will open a new 6th trade (for ease of this example) at a similar price as the 5th trade.
    If the price keeps moving away, lets say 120 pips, 3 new trades will open (every 40pips), now you have 9 open trades - 1 more than you would normally back at the 5th trade.
    If the price turns and moves back trade 9 will close follwed by trade 8 and 7 at 40 pip intervals.
    When trades 6 TP is hit so will 5 as well as opening a new trade to mirror the original 4th trade which has a different MagicN. So now you still only have 1 extra trade open than normal at trade 4 and so on.
    If the price turns against you again RM will only open single trades again as the old MagicN trades have been closed.

    This probably will only confuse you even more but I hope it helps.

  4. #24

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    Dono,

    thanks for the explanation, seems like alot of bother for a couple more trades.

    I prefer to increase the lot size when price moves near extremes, then pick up extra profit on these trades when price moves back to middle of range. Like right now with the AudNzd pair you could increase lot sizes on any new trades going up, knowing you will soon cash them in when price turns back down.

  5. #25
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    Quote Originally Posted by hammy66 View Post
    Dono,

    thanks for the explanation, seems like alot of bother for a couple more trades.

    I prefer to increase the lot size when price moves near extremes, then pick up extra profit on these trades when price moves back to middle of range. Like right now with the AudNzd pair you could increase lot sizes on any new trades going up, knowing you will soon cash them in when price turns back down.
    Hey hammy66,
    I think many users of RM do as you mentioned. The only pitfall is that if you increase the lot size you will be increasing the DD and risk by a fare bit. If the market moves against you each new trade will be opened at your set lot size.
    By changing the MagicN, when the market pulls back you will be closing double trades with the only risk being 1 extra open trade.
    In saying that, if what you are doing works for you and you are happy with the risk Vs reward.....then that is all that matters

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