Review Updated: 30th Nov 2009
Robominer is a grid buying and selling robotic. It works within the concept that utilizing prudent cash administration, it doesn’t matter what the value went to in its historic working vary, the dealer utilizing this technique is not going to ever get a margin name. This is achieved by limiting the contract dimension of the investments to a small proportion of the fairness steadiness.
Types of Robot: Grid Trading Robot
Broker Platform: Metatrader 4 (Work on each 4th and fifth decimal brokers) Back-test and Forward Test Generated: Alpari UK Price: $497 (one time fee) or $39.99 recurring month-to-month subscription Refundable: No, it enable demo testing by registering with their web site prior to buy Pair: Aud/Nzd and Eur/Chf
1. Money Management
It is exclusive in its means as a result of cash administration is calculated by steadiness issue on this technique. In its default setting, each $4,000 in your fairness, the robotic will add 0.01 quantity (1 micro lot). If you’ve an account dimension of $10,000, you’ll begin buying and selling with 2 micro lot.
The concept for this technique is no matter what how a lot the value strikes, the dealer is not going to ever meet a margin name. This explains for the very small contract dimension traded.
You can specify the steadiness issue, however by coming into how a lot greenback to a micro lot. That is if you happen to specify 3000, that can be for each 3000, the technique will commerce with 1 extra micro lot.
2. Drawdown
The Back examined outcomes confirmed a maximal drawdown of no more than 20% the previous Four years. Positions are entered solely with a set take revenue ranges. They will solely be closed if their take revenue ranges are achieved.
Most of the drawdown are paper loss, that’s loss will solely be realized if positions are closed. Hence, drawdown said on this technique is normally not dependable as a result of we couldn’t predict how a lot paper loss the system will generate throughout occasions when it has 10 opened trades mendacity for a number of months and value dealing with the potential of breaking its historic extremes.
Trade Analysis
Order Type = Market Order Take Profit = 40 pip ( Eur/Chf) Stop Loss = N/A (Grid Trading doesn’t commerce with a cease loss)
3. Ease of Use
Most of the parameters are defined within the handbook supplied. Strategy offers a sure degree of optimization. However, for many who have dealing first time with a grid buying and selling robotic will really feel overwhelm. Luckily for this group of merchants, you’ll be able to merely commerce with default conservative settings.
4. Honest Result
There is not a lot to match between backtested and ahead take a look at outcomes. Profitable closed trades are the one outcomes you’ll be able to see. There can also be the floating revenue it would be best to take particular consideration on the ahead exams.
Update: 30th Nov 2009
Our demo account was disabled by the dealer. It is as a result of robominer EA hasn’t positioned any commerce previously 30 days. The above information is a brand new account and a contemporary file can be taken from right here.
5. Other Features
Parameters to Take Note (Optional)
Balance FactorFIFO (if NFA regulated) Stealth Mode Allow Internal Close (Can be enabled to shut place earlier than take revenue degree is met) EmergencyCloseAllTrades (Only use this throughout emergency when determined to modify dealer or nearing margin name)
6. Weaknesses (If Any)
– At least $10,000 must be Invested
This technique must be traded with account greater than US $10,000. More cash invested to commerce with this technique will will increase the chance of reaching a annual return of 33% ROI.
– Select Brokers that Offer Micro Lots Only
Choose brokers that enable buying and selling with micro tons.
– Floating Loss
Accumulated positions might mirror an enormous floating paper loss. User should be capable to stand up to paper loss as system is proven to resist and shut them with earnings.
– Difficult to Backtest
Generating 1 12 months backtest took our crew greater than 1- 2 hours. It takes loads of pc assets and 1 backtest can solely be achieved at a time.
7. Support
Provide demo testing before you purchase. Support consists of discussion board. Provide quarterly updates.
Summary
We ahead examined buying and selling Eur/Chf with this technique. We select Eur/Chf as an alternative of Aud/Nzd as a result of Eur/Chf has a decrease spreads than Aud/Nzd. This technique works extraordinarily effectively for individuals who have a lump sum and are involved about taking an excessive amount of danger and brief time period volatility within the markets.
According to the homeowners, they said that technique will carry not less than 30% or extra each year. Back exams confirmed the previous Three years introduced in at common 30% ROI each year. If confirmed true by ahead take a look at, these outcomes beats the inflation by an enormous fats margin and is an excellent funding examine to these you discover on the banks.
For buyers with small begin up capital, it would clearly not be as helpful to make use of this method. This is as a result of for one to maximise the complete potential of this method, customers has to make use of it over the long run and to begin with a substantial quantity of capital to reap the complete rewards.
If used over the long run, system will usher in small and constant earnings with minimal danger.
Rating
7/10
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