RoboMinerUK Mom and Dad (by robinsont6956) Quick Stats
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RoboMinerUK Mom and Dad Discussion
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bbrain

Member Since Aug 27, 2009  6 posts bbrain (bbrain) Sep 01 2009 at 21:56
Yes, the description says: 'RoboMiner in UK'


stephanusR

Member Since Aug 20, 2009  216 posts Stephanus Rensburg (stephanusR) Sep 07 2009 at 09:38
The open trades aren't reflected that is why the stats are deceptive. How could anybody make 25 trades in a row with a 40 pip profit on each trade?. Factor in the open trades running at huge losses and that nonsense 590% profit vanishes.

bizWiz

Member Since Aug 06, 2009  397 posts bizWiz Sep 07 2009 at 09:43 (edited Sep 07 2009 at 09:43 )
nice observation stephanus, looks like you're correct..

just briefly going over the open positions losses, it looks like the system is up only 58%, which is still not bad, but of course it's not 590%.

Sleep is for the weak.
robinsont6956

Member Since Aug 24, 2009  4 posts robinsont6956 Sep 12 2009 at 04:25
Hello everyone!

My appologies for not getting back here sooner. I will try to address everyones questions and concerns.

I am managing my parents account. They deposited $79,898 and recieved a $300 bonus. No books are being cooked. Not sure why the extremely inflated percent, but it appears to be fixed and is more in line with my calculations of close to a 3% gain for the month thus far and essentially makes 4-10% every month. My previous account in the US with a slightly higher risk profile allowed me to double my account in 7 months, but I had to be willing to also accept a high DD of close to 35%. Having to watch that occur almost made me want to take a few whiffs of pure O2.

Yes, it is RoboMiner which is a grid trading system that will take 40 pip profits on each and every trade with no loosers as long as you can tolerate the drawdown which if trading at the recommended settings will be very light. Someone above indicated that it has open trades running huge losses, but in fact the highest I've seen it go is $4-5k which on an $80k account and to put this into perspective equates to an approx. 6% DD not what I would call high at all.

Elkart

Member Since Aug 01, 2009  941 posts Elkart (Elkart) Sep 12 2009 at 10:49
Ya, I been down that road. Cost me $15 000. Grids aren't viable strategies.

Chang beer is evil.
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