RoboMiner Pro 1.06
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Last modified on October 17, Something so safe that you could let it trade your IRA account? T his EA places a special emphasis on safety, and trades so conservatively that it would take a major event of almost Biblical proportions to cause a margin call. T he RoboMiner is simple to use.
All you need is a forex account on a Metatrader 4 platform. You place the EA into the Experts folder, and then simply drop it on a chart as you are instructed and let it go. The presets are already set for you. You can literally have it up and running for you in a matter of just a few minutes.
The product installs easily, and can be run right out of the box with the default settings. These initial settings are very conservative, and the EA has been carefully crafted to keep your account from getting a margin call. There is a feature in the EA that is called the Balance Factor, it is what keeps people from messing with the lot sizes and over-leveraging their accts.
Here's what the developer says about using the Balance Factor: The lot size is automatically adjusted upwards as the balance increases. It does not use only the initial balance, but it uses the current balance. We recommend Gain-UK forex. You can get You should always set your lot size to 0. You determine how aggressive you are going to be by increasing or decreasing your BalanceFactor. If trading both currencies highly recommended , then the minimum BalanceFactor most aggressive to use is That is the most aggressive you should ever get.
As you increase your BalanceFactor, you are getting less aggressive and more conservative. So, a BalanceFactor of to would be moderate, and a BalanceFactor of or higher would be conservative. But notice, you are determining that by changing your BalanceFactor. You should normally not set a lot size at all. Leave it at 0. You don't decide what trading lots you want.
The BalanceFactor must determine that. If you trade more lots than what the BalanceFactor says is safe, then you are no longer trading the RoboMiner system, but instead are trading an unsafe system of your own design. It has a pre-set grid and will place only sell orders in the upper grid and place only buy orders in the lower grid. The grid step is 40 pips wide. This means more trades are closed each month with less drawdown overall. It has a send E-Mail feature and Stealth Mode feature added, along with the ability to shut off the internal close of orders, and close only with the TP.
This new version works on both ECN and Dealing Desk brokers and has less drawdown than the original version. The unlock code is: