Forex Goldmine 

Category: Forex Software Reviews
http://forex-goldmine.com/
Average user rating from: 2 user(s)

Software Rating
5.0
 

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February PROMOTION
FOREX JUSTICE SPOTLIGHT ARTICLE

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User reviews
Sunday, 07 March 2010

Written by J. Pace from Malta

Greg Annett, you should not amend the trading lots. Do not get greedy. Leave Robominer do its work and let it manage the trades by itself. I have been testing Robominer for a year or more now, did a lot of back testing and intend to go live with it pretty soon. I will start with $28,000 and with this capital it will trade with 0.06 lots. In my back testing for the last 3 years it average 30% return approx.

Just follow the guide and leave Robominer do its work.
Thursday, 15 October 2009

Written by Greg Annett from Australia

I have been paper trading Forex Goldmine's Robominer EA since May 2009. It uses a grid trading system which trades 2 pairs, the AUDNZD and EURCHF. I have found that it works well as long as the lot size is kept low. It traded for 2 months without a loss with the lot size set to 0.01, however when I raised the lot size first to 0.1 then 1.0, margin calls were the result, taking out a large part of the account balance. I am now trading 0.02 and have made about $3000 in the last month and a half or about 40% of the $7600 that was left after previous losses.

Overall I am very pleased with the result, the system makes consistent trades but when I start live trading I will be even more conservative and trade on a ratio of 0.01 lots for each $1000 invested. I believe the grid trading method is a realistic approach to forex trading as it uses historical data to estimate the probable range within which these currency pairs will trade. It also uses good risk management to minimize the risk of each individual trade by only aiming for 40 pips at a time but making a good number of trades per trading day, enough to average 0.5-2% per trading day depending on how aggressive a trading strategy one is using.



 

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