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.
RoboMiner II Statement
The following is the REAL Statement published automatically by MetaTrader where RoboMiner is running. So far the robot is running in a demo account, since it is the first time I am testing the robot. The report will be automatically updated daily.
Initial demo account balance is $5000, an exception for this robot, because I still need to read carefully the robots manual. Anyway, whether we use $500, $5000 with 0.01, 0.1, 1 lots etc it doesn’t matter for now. We will invetigate the robot profits, the drawdown, and most importantly risk management by the robot.
* I HAVE STRONG BELIEVE IN THIS ROBOT
RoboMiner Statement
RoboMiner First Trade
Posted by Forex EA - Jason on August 25, 2009 · 4 Comments
RoboMiner have just closed the first successful trade with a profit of $2.75 with 0.01 lots, 40 PIP Trade Profit!
I have not changed any settings and let everything as default.
Successful Trade was as follows:
Sell Trade @ 1.2275
Trade Closed @ 1.2235
Basically at 40 PIP Profit!
Going for high pips is imperative for this robot since the spread in the AUD/NZD are typically very high – 12-14 normally, and of course varies from broker to broker.
There are currently other 4 trades open.
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