Discuss Forex-Goldmine.net

[Administrator]

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otherwise use this thread ("Post Reply" button below) to start a LIVE discussion and get responses from our FPA members.

 

[hamishd]

PipCop

They give this a good review on PipCop but tests here are poor. Any user feedback would be appreciated?

 

[terrykiwi]

Review is misleading

I have been using Robominer for nearly a year now, in both test and live environments. I currently have 2 live accounts running it, and in fact, after testing many EA's, RM is the only one I use now.

The results shown in FPA are misleading, because they offset actual profit with the paper "loss" of open trades. RM's methodology requires a lot of open trades that will be in the red for some time -- it is a grid-trading method.

This disguises the fact that every closed position is a winning trade!

You can read my review and watch a video I made of it here:
Perfect Forex Robot?::Learn to Read Charts and Start to Make Money with Your Investing and Trading

And you can see the stats of one of my live accounts here:
MT Intelligence - Statement for traderterry

Bottom line... I love Robominer!

 

[rider]

any one?

Other than terrykiwi no one else tested and made or failed with it??

 

[boobook]

Robominer OK for AUDNZD... but use with care

I've traded Robominer for over a year and it has been consistently profitable on the AUDNZD pair. Not so its other pair, the EURCHF. You must go into RM with your eyes open and be aware that safety with RM is premised on trading only recommended lot sizing and the market staying within historical limits. When the market is well within those limits all is rosy and there can be a temptation to overtrade lot sizes. This will bite you very hard when the limits are approached or broken...as has now happened. The EURCHF lower limits have been blasted to hell and traders using that pair would be either out now or in very deep open draw down. Fortunately I only trade the AUDNZD pair. The standard FPA format for assessing an EAs performance does not fit Robominer's trading strategy because open draw down is shown as a loss. If you just trade AUDNZD, stick to the recommended lot sizing and do not mind seeing a temporary but sometimes unsettlingly large DD, then the Robominer is a profitable set and forget investment type of EA, delivering around 50% pa on initial balance. Actually however I much prefer the vendor's later product "Pipstrider" which also provides a similarly steady return but with more controllable draw down risks.

 

[personalinvestorplan]

I have found that Robominer worked fine for me trading the AUDNZD pair as long as I stay within the guidelines.

Bob llewellyn, the creator of the Golden Grid and developer of Robominer recently released PIPen which is his second generation version. It is more self contained, more 'investor' friendly and is provided with a fully automated computer server and 24/7 monitoring service that includes installation etc.

He's posted on his technical research forum forex-assistant.com in recent months updates on Robominer settings and commentary on the currency pair that is pretty useful.

On that forum for existing licenced users of Robominer is a limited-time offer of switching to PIPen.

 

[adat7378]

Do you know why the statement only shows trade for last week, if FPA is monitoring the bot for 8+ weeks? Does it mean those are the only trade in last 8 weeks.

 

[adat7378]

I am sure some kind of logic has been applied in this EA!!

I only checked EURNZD yesterday. It looks like it opened trade after the gap was closed. Eurnzd closed at 1.7952 on friday and opened at 1.7932 on sunday eve. Then it closed the gap straight away then came down and then went back up. EA placed buy at 1.7969!!!!!!!!!!
Price went up after this but did not reach target profit.
Is it really a sunday gap magic or one of those EA which place many trades and hold them for a long time?

 

[GMTrading]

Has anyone been using PripStrider and can update us on what they think of it. The demo on FPA looks impressive but I would like someone else's opinion?

 

[Check]

This (Forex Cantata Demo Test) is a martingale! Be careful. Martingale strategy kills accounts.

52630260 2011.08.02 15:05 buy 0.10 audcad 1.04180 0.00000 1.03550 2011.08.04 00:41 1.03550 0.00 0.00 3.83 -65.51 -63
52645334 2011.08.02 17:00 buy 0.20 audcad 1.04030 0.00000 1.03550 2011.08.04 00:41 1.03550 0.00 0.00 7.66 -99.83 -48
52657817 2011.08.02 18:59 buy 0.40 audcad 1.03880 0.00000 1.03550 2011.08.04 00:41 1.03550 0.00 0.00 15.31 -137.27 -33
52666648 2011.08.02 20:37 buy 0.80 audcad 1.03720 0.00000 1.03550 2011.08.04 00:41 1.03550 0.00 0.00 30.62 -141.43 -17
52682729 2011.08.03 01:39 buy 1.60 audcad 1.03550 0.00000 1.03550 2011.08.04 00:41 1.03550 0.00 0.00 45.93 0.00 0
52682866 2011.08.03 01:42 buy 3.20 audcad 1.03390 0.00000 1.03550 2011.08.04 00:41 1.03550 0.00 0.00 91.85 532.44 16