Forex Fortunes Robominer Live (By forexfortunes)
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Forex Fortunes Robominer Live Discussion
Oct 24, 2009 at 15:09
1,092 Views
8 Replies
Member Since Oct 24, 2009
4 posts
Nov 06, 2009 at 17:04
I am using Robominer, IBFX has a back office solution to deal with the FIFO rules. I have found that with the AUD/NZD in a fairly consistent uptrend I usually change the 'allow for spread' option to false as price retracements are hit more often in this scenerio. When and if price on that pair get back above the 1.2900 range I will activate the Change Profit EA which will close positions out on the way back down at a predetermined level (probably use 60 pip profit target) and Robominer EA will open new sell positions on the way back down.
Slow and steady wins the race.
forex_trader_2463
Member Since Nov 02, 2009
11 posts
Dec 05, 2009 at 15:51
Hello,
I just have 1 question for you right now. I am experienced with the Robominer 2 EA and how it works.
Considering Robominer has no Stoploss, What happened on 09.28.2009 13:51 to cause you to lose that trade?
Thanks so much!
I just have 1 question for you right now. I am experienced with the Robominer 2 EA and how it works.
Considering Robominer has no Stoploss, What happened on 09.28.2009 13:51 to cause you to lose that trade?
Thanks so much!
Member Since Oct 24, 2009
4 posts
Dec 14, 2009 at 17:58
I manually closed the trade because of the negative swap rate was already at a point that the position would not have closed in profit using a 40 pip profit per position. The trade had been open since 4/8/09 and prices were getting oversold on longer time frames. It was purely a judgement call on my part and turned out to be correct as prices went up over 700 pips since then.
Slow and steady wins the race.
Member Since Oct 24, 2009
4 posts
Dec 25, 2009 at 23:22
Robominer is not for everyone, if I had to start over again I would only start the EA at the 90% level of the historical high or low as to avoid the initial drawdown. My first attempt I was trading mini-lots instead of micro lots and had to close many positions out for a 28% drawdown to save my account. This is a long term strategy with drawdowns that most traders are not comfortable with, therefore starting at an outer historical range can increase your chances of keeping your initial equity in tact.
If you were almost wiped out it sounds like your risk settings might have been too aggressive.
If you were almost wiped out it sounds like your risk settings might have been too aggressive.
Slow and steady wins the race.
Dec 26, 2009 at 03:57
forexfortunes posted:
Robominer is not for everyone, if I had to start over again I would only start the EA at the 90% level of the historical high or low as to avoid the initial drawdown. My first attempt I was trading mini-lots instead of micro lots and had to close many positions out for a 28% drawdown to save my account. This is a long term strategy with drawdowns that most traders are not comfortable with, therefore starting at an outer historical range can increase your chances of keeping your initial equity in tact.
If you were almost wiped out it sounds like your risk settings might have been too aggressive.
I used mini's which was a mistake but the damn robominer opened about 4 sell positions at the same time. I turned it off and added more money becasue eventually it will go down. Jade fx keeps adding swap fees so i have to find a safe EA to do some trades on it to keep up with the swap fees. I have a hedger EA that works good on my miicro One Corp account. The aud/nzd doesn't look like it is ever going down. It has tied up so much of my money. I wasted money buying robominer as their is no refund. You live and learn as now I only buy Click Bank products.
Dec 26, 2009 at 05:23
rfolgate,
robominer works as a long-term robot as declared with proper money management
that is $2000 balance factor for every 0.01 lot.
how much is your account balance when you were trading at 0.1 lot? what pairs were u trading? both audnzd and eurchf?
robominer works as a long-term robot as declared with proper money management
that is $2000 balance factor for every 0.01 lot.
how much is your account balance when you were trading at 0.1 lot? what pairs were u trading? both audnzd and eurchf?
Slow and Steady Wins the Race :)
Member Since Oct 24, 2009
4 posts
Feb 11, 2010 at 14:40
A moment of panic set in last night which prompted me to lighten some positions manually. With talk of new leverage requirements (down to 10:1) and the unemployment number contrast between AUD (down to 5.3% from 5.6%) and NZD (up to 7.3% from 6.8%) it appears that the AUD/NZD cross may have enough momentum to take out resistance and breach the 1.300 mark. Also with the negative swap rate 3.75 vs. 2.5 it is increasingly difficult to 'carry' these trades for extended periods of time. I have turned off the 'do trades' option on the AUD/NZD and will only enter manual sell orders at 100 pip levels or if divergence occurs at higher prices. Watch for break of 1.2840. My strategy is only changing do to pending leverage changes to all US brokers.
Slow and steady wins the race.
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