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Forex Goldmine - Testing The Robominer - Expert Advisor - Unlimited Free Demo
I have just started to test this Expert Advisor as i like the theory and the method that it trades under and who could refuse an Unlimited Free Demo of The Robominer.
Since it is more of a safer longer term type of an EA i will most likely test it for a couple of months before i purchase it.
Here is a snippet off there website:
http://www.forex-goldmine.net/?aff=3556
How Robominer Works
The objective in designing Robominer
was to achieve a risk level in forex
trading comparable to other forms of
investment. The method used by
Robominer is grid trading, and the pairs
selected exhibit relatively narrow
historical trading ranges in each case, a
total range of about 2640 pips. This 2640
pip range is divided into 66 sub-ranges,
corresponding to the size of an average
wave in each pair.
Above the centre point of the range,
Robominer opens only sell (short) trades,
and below the centre it opens only buy
(long) trades. If the pair remains within
its 2640 pip historical range, no more
than 33 trades can remain open at a loss,
creating a drawdown on the account
balance. (No trade will be closed until it is
40 pips in profit.) The total accumulated
drawdown for AUDNZD would then be
$1525 ($2319 for EURCHF). As long as
the account balance covers this potential
drawdown (plus an extra margin of
safety), the likelihood of a margin call
and loss of funds is kept to a manageable
minimum.
Robominer will open long positions
when the price is below the centreline
and short positions when the price is
above the centreline, closing each trade
when it reaches its profit objective (50
pips). Trades that remain open will not
result in a margin call as long as the
drawdown is covered by the account
balance. To ensure that the drawdown is
not exceeded, the default BalanceFactor
and LotSize values should be used. We
recommend trading both pairs (AUDNZD
and EURCHF) if possible for an added
measure of safety.
When Balancefactor is set to zero,
Robominer operates as if the balance
were $3,500 as long as the actual
account balance remains relatively low.
This figure is increased by steps up to a
maximum $7,500 when the actual
account balance reaches $100,000 and
safety becomes more important than
growth.
Mark Scown
http://free-page.net/web/MegaDroid.htm
http://www.moneymakergroup.com/-t280065.html&view=findpost&p=5435168
http://www.forex-goldmine.net/?aff=3556