RoboMiner Forex Goldmine

Forex goldmine website is selling 2 EAs: RoboMiner and GT-Shadow. The member area is pretty nice and content-rich with lots of vidoes, PDF, Mathematical proof etc. The creator himself is very active on public forums, such as Pipcop.

Lets start with RoboMiner review today. In future I will update my review with the opinion on GT-Shadow EA.

Robominer works on EURCHF and AUDNZD H1. The system opens several trades with very small lot size and no stop loss and keeps them until reaches the profit. Looks like there is no inner stop levels or indicators, it simply keeps the position open until reaches the profit. This approach looks very risky for me - even with 0.1 fixed lot the drawdown can be as huge as $5000 on 10K account!

The profitability is extremelly low. You should expect a lot of small winning trades but huge number of floating losing trades because they do not have stop loss. The bottom line: I would not recommend trading such system on real money: you can get very tiny profits with a chance to blow whole deposit...

Update February 2009 Okay, as promised I continue my review today with opinion on GT-Shadow. Here is the bold claim : "The GT-Shadow is like the RoboMiner EA on steroids. At its very basic settings, it can trade the forex market in exactly the same way as the RoboMiner.". okay, lets see this baby in action..

GT-Shadow comes with several presets and can trade several currencies. It can also trade Grid Weaver style on EurGbp H1. Grid Weaver trading is a standard Grid system when the EA builds a no stop loss grid and gets tiny profits with huge floating trades that can finally blow the whole deposit. However to be honest this Grid system is one of the best I ever seen among systems of this kind.

Regarding "steroid trading" on EURCHF H1 - once again same system trading 0.02 lot on 10K deposit making small profits with no stop loss and drawdown of 47%. For example current forward test shows a profit of 41.08 usd with a floating loss of -1782.76 usd... No wonder the creator trades only demo accounts in his forward test and does not trust real money...

Click to enlarge the image

One more bad thing - 1 year backtest is very slow and takes HOURS even on my super powerful 4-core processor PC so no idea how one can optimize this beast.

Update February 2009 Guys, as you know we are always open to discussion and welcome EA developers to share their own point of view. Today Jerry from RoboMiner got in touch with me and shared his opinion on the system. From his permission I publish all his words here so my readers will have better understanding of the Robominer.

Jerry: I want to thank you for reviewing the RoboMiner and GT-Shadow at forex-system-reviews.com. My partner, Bob, and I are the developers of both EAs. I do all the program coding while Bob works mostly on the theory end of things. I thought your review was fair, but would like to respond to your concern on the drawdown issue. We consider the lot sizing to be an integral part of the system in a way that goes beyond that relationship in most other systems. No one should ever be trading .1 lots with a $10,000 account. On just the AUD/NZD, the most lots that someone with that account size should be trading is only .05 lots. If that rule is adhered to, you will find the equity drawdown to be somewhat more moderate.

In actual fact, Bob and I both trade the RoboMiner with real money. We are very conservative, even more conservative than the minimums mandated by the system, and yet are averaging better than 5% per month. You see, we are not trying to make huge gains. The system was intended to make an average of 4 to 8% per month over the long term. As you are aware, a person can become wealthy with those kinds of returns over the long term. And so, your observation that the profits are tiny is true. But I can assure you that those tiny profits add up over time.

I like to use the example of a paddle ball, hanging from a paddle by a rubber band. Think of the paddle as your balance and the ball as your equity. The ball will move away from the paddle at times, and will also move towards it and even past it at times. But start walking up the stairs with the paddle, and even though the ball will be at varying distances from the paddle, it will always follow the paddle up the stairs with you. Your walk up the stairs with the paddle represents the growth of your balance over time. Yes, there are times when the equity is in drawdown, but, it eventually moves back up to meet the balance again. I hope this helps give a little background on what we are trying to accomplish with the RoboMiner.

Investing Tips For The Future: Your Future is ?

Inventory investment, especially for beginners can be confusing. An investor can invest in the stock market basic advice to suit their needs in order to help decision begins. Everyone has a purpose other than shares, and how an investment has a significant impact on investment.

Are your goals long term or short-term trading stocks? The answer to this question you want to highlight for its time because it depends how big or scary or separate storage may be an option is valuable. Often, how to trade the stock market short, medium or long-term investing plan.

No fixed rules for investment that the stock market to understand. No insurance, investments may not exactly. Go elections. Previously there was any way to invest, you must fully understand the details of how the training and operations. A simple plan to determine goals and needs be. What a lot of money to make this investment and will help determine the investment.

As less risky investments when the stock market trading costs. Share prices tend to fluctuate daily, but tend to trend up or down in a long time. This applies even if you have a stock for short-term investment, see, and probably if you're there to get patience to wait for the share price can go and perhaps investment.

Short-Term Trading

A short-term investments in shares that is usually one year or less, although some people less than two years or to extend. Each person is short-term targets. Some, such as removal of money for vacation next month, or medical expenditures are modest payment. Other purposes, especially the stock market within six months negotiating a new home for a down payment is assertive as a result of the cost.

They want to be investors, we know and said, "much more than 40-60% stake my good broker? Search Why the bank to 2-3%. The goal amount, or we can. In general, not the stock to reach the target price and investors was disappointed. Even the stock may fall. targets a person and understand his logic is difficult to analysts generally ignore what millions of investors who do short-term.

Short-term investments in stocks and very unpredictable. They better short-term stable, interest-bearing investments can serve. At the end of the 1990s, while investment anger, when many high-profile investors, shares rose 20 percent to 50 percent within a few months has been observed. If stocks beyond any doubt, a financial goal to achieve for you in one year is needed is not suitable to anyone, we can predict price movements.

Preparing for the long-term

Investment rate over a period longer than the stock market mobility for the best. How five to ten years or more for other investments as stock settings, they are characterized. In addition, investors who purchase shares at a height of the Great Depression, on the more profitable portfolio of shares over a period of years has witnessed growth.

In fact, if one thinks a period of ten years within the last 50 years, this stock investment against other financial assets almost every period of ten years ago, because all of the applications you will see there is measured. As you can see for stock investments in the brightness is a long-term planning. Whether you prefer a boy or retirement fund for the university aims for the carefully selected stocks you want to save in the long term has proven to be an investment.

Devisenmarkt ist von der Börse verschiedene

Der Devisenmarkt ist auch unter dem Devisenmarkt und Forex-Markt bekannt. Verhandlung findet zwischen zwei Kreisen mit unterschiedlichen Währungen ist die Basis für den Devisenmarkt und der Kontext der Handel an diesem Markt. Der Forex Markt ist mehr als dreißig Jahren in den frühen 1970er-Jahren entstand. Der Forex Markt ist nicht auf ein einzelnes Unternehmen auf oder investieren in Unternehmen, sondern die Aushandlung und den Verkauf von Währungen.

Der Unterschied zwischen der Börse und Devisenmarkt ist die überwiegende Handel, die auf dem Forex-Markt auftritt. Es gibt Millionen und Abermillionen, die gehandelt werden täglich auf dem Forex-Markt, fast zwei Billionen Dollar gehandelt werden, jeden Tag. Der Betrag ist wesentlich höher als die Preise auf dem täglichen Börse von jedem Land. Der Forex Markt ist ein, dass die Regierungen, Banken, Finanzinstitute und Arten von ähnlichen Einrichtungen in anderen Ländern beteiligt sind. Der

Was wird gehandelt, gekauft und auf den Devisen-Markt verkauft werden ist etwas, das einfach liquidiert werden können, dh es kann wieder eingeschaltet werden, um schnell Bargeld, oder oftmals kommt es in der Tat als Spezies. Eine Währung in eine andere, ist die Verfügbarkeit von Liquidität in den Forex-Markt etwas, was passieren schnell für einen Investor aus einem Land können.

Die Differenz zwischen den Aktien-und Devisenmarkt ist, dass der Forex-Markt global ist, weltweit. Das Stipendium ist etwas, das kommt nur in einem Land. Die Auszeichnung ist für die Unternehmen und Produkte aus, dass ein Land einreisen und dem Devisenmarkt noch einen Schritt weiter in alle Länder umfassen.

Der Aktienmarkt hat Geschäftszeiten festgelegt. Im Allgemeinen ist das, was zu folgen Werktag und wird auf Banken-Feiertagen und Wochenenden geschlossen. Der Forex Markt ist eine, die allgemein zugänglich sind vierundzwanzig Stunden am Tag, weil der großen Zahl von Ländern, die im Devisenhandel beteiligt sind, den Kauf und Verkauf sind dort angesiedelt, so unterschiedliche Zeiten. Als eine Öffnung Markt zu tun, einem anderen Markt-Länder nicht zu füllen. Es ist die kontinuierliche Methode, wie Operationen am Devisenmarkt auftritt.

Der Aktienmarkt in jedem Land wird auf der Währungen von Ländern stützen, zum Beispiel sagen, der japanische Yen und der japanischen Börse und der US-Aktienmarkt und dem Dollar. Jedoch in den Forex-Markt, sind Sie mit vielen Arten von beteiligten Ländern, und viele Währungen. Sie werden durch den Verweis auf eine Vielzahl von Währungen zu finden, und das ist ein großer Unterschied zwischen der Börse und Devisenmarkt.

Forex Trading - should you invest?

All the money in other currencies Forex trading, so that the money earn interest for the night around time or to trade oldugunu the difference. Because other countries and other currencies is to do, other companies or money exchanges with the wins could lose value investing means of Forex market, trade, other goods and not money.

Different time slots and Specialized Technical Forex Markets Fixed trading in the markets in a country açilacak, while others close. What is a market in foreign exchange piyasalarinin will affect other countries, but always good or bad, close together, sometimes there are trade kenarinda not.

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Includes a company and how to buy stock market shares and wait for a higher return shows that in this society there. On Money Markets and products, or products or to buy goods if they are paid for. In so doing, wins or lose daily from country to country is different from the exchange. You better make the appropriate market for Forex, trading and information about 'free game' with such Yazilimlar online purchase.

You can giris and disclosure. Entering information about what and what do you want çikarlarinin. "The game" Second-hand so you can see what a gain or loss will be similar to shopping and trade with different currency. What you how to make a decision, what to read or value in the market about developments and reading information to a broker is based on first-hand will need to know more with this false account.

If you as an individual within a tradition, including Forex, a tool or through financial institutions katilmalidir want. To spend millions of dollars because the amount of money invested by governments and by banks at any time by individuals with at least even money is known as the audience. This does not mean more. Your broker or investment advisor forex trading, including more about how we can say there are. Print page, as well as location information on the company and it is not the legal and make sure that is where many in the U.S. who have rules and it handles a broker who search the Internet for forex trading for U.S. citizens for the law is has to do with this company.

Forex trading, what the hype is all about

Forex Trading large amounts of money kazandirmaktir. Some investors make very degistiren easy money toplamini have a great day money Markets. Forex foreign exchange market. Forex and currency will find online and offline, you can get piyasalarinin inquiries. A broker or financial institution where most stock, bonds and other types of stocks çikarlarini will be able to trade through the Forex market, satin aldi.

If you always do forex market, you should know another place to send money in investment. This particular type of players, including hedge funds investments to support people, and is done in markets abroad. Exchange market, a market, a day and the next day in a country other investment oldugu paranizi investment probably has benefits. Broker or financial institution is determined by daily changes. Read your speech and more information about your account, you will find every type of three-letter currency, which is responsible for currency.

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Investment companies, which entrust you with money management companies, by the Forex Markets trading. For you to find hard currency in order to gain yetmisli not starting early, only one block with the new you have to do Currency trading unique position a company I want. This company is important to note that online remains generally taken abroad, they included in your Forex market and trade shows oldugunu. Detailed information as possible to read and make good protection oldugunu who know.

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