Robominer
Overview
Robominer wasdesigned 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, When selecting a broker for live trading, the developers ask buyers to ensure that the broker that is not a dealer desk. This requirement is important since Robominer never loses trades. Consequently if a broker is taking trades against you (i.e., is a dealer desk), it will always lose. This results in a hostile relationship with the broker, who may then refuse to pass through Robominer trades. The broker should also have micro lot trading capabilities (i.e., be able to accept .01 lot trades), and should offer at least 200:1 margin leverage. Lastly, the broker should be big enough that it is not in danger of closing. At this time, IBFX and FXDD are recommended. to see Mathematical Proof for the Trading System Employed by the RoboMiner |
|
Type |
Grid Trader |
Developer |
Bob Llewellyn |
Trades per week |
|
Winning Trades |
100% |
Price |
$39.99 per month |
Pair Traded |
AUDNZD
and EURCHF |
Website |
Equity Chart

Live Statement
for larger chart and for EA settings used on test




