RoboMiner Results – 24 – 28 August 2009

So first week of RoboMiner II trial and it went really well.

Closed Trades: 16 Trades
Overall Profit: $25.67

RoboMiner II use grid trading system, so it will leave a couple of trades open until they are closed later on. In fact as you can see from the statement, we have 10 open trades, and when the trend reverses eventually they are closed.

I had the time to read the RoboMinor manual, and it is very interesting how the trading grid system works. If and only if, nothing extroardinary happens in the world, this robot should work and be profitable in the long run.

RoboMiner creators say that their target is to generate 6% per month. In 10 years $1000 capital should turn into $1 million. So far from the statements that I have seen, it yields 3% per month, which is good. I will write about how the robot works in the next post.

From my side I will trial the robot for month, and will go live afterwards if I am happy with the results.