Review Updated: 30th Nov 2009
Robominer is a grid trading robot. It works in the theory that using prudent money management, no matter what the price went to in its historical operating range, the trader using this strategy will not ever get a margin call. This is achieved by limiting the contract size of the investments to a small percentage of the equity balance.
Types of Robot: Grid Trading Robot
Broker Platform: Metatrader 4 (Work on both 4th and 5th decimal brokers)
Back-test and Forward Test Generated: Alpari UK
Price: $ 497 (one time payment) or $ 39.99 recurring monthly subscription
Refundable: No, it allow demo testing by registering with their website prior to purchase
Pair: Aud / Nzd and Eur / Chf
1. Money Management
It is unique in its way because money management is calculated by balance factor in this strategy. In its default setting, every $ 4,000 in your equity, the robot will add 0.01 volume (1 micro lot). If you have an account size of $ 10,000, you will start trading with 2 micro lot.
The idea for this strategy is regardless of what how much the price moves, the trader will not ever meet a margin call. This explains for the very small contract size traded.
You can specify the balance factor, but by entering how much dollar to a micro lot. That is if you specify 3000, that will be for every 3000, the strategy will trade with 1 more micro lot.
The Back tested results showed a maximum drawdown of not more than…