brian88

can someone kindly reupload again?

Much appreciated

Re: ROBOMINER

Thats is the reason I have not used this EA live yet, But on the positive side I have not heard this EA blown someone's account yet

As long as you follow the default values for robo and prospector your account will never blow, UNLESS that pair breaches its trading range, then everyone who trades that pair blows together :((

Yes, wesladf, i do not like ea without stop loss, however the trading assumptions that robo/prospector is based on is worth the risk for the returns.

That is why i am working on educating Prospector 1.04 but i am having difficulty. Is there anyone else interested in getting an education for Prospector 1.04? PM me and we can try to work on it..

Re: ROBOMINER

Can non-Muslim person apply for swap free a/c too? I thought it is only muslims. :-/

Yes non-muslim can apply for swap free a/c, but do not be misled, there is no free lunch out there.

Swap free acc. simply means that instead of generating swap amount under "swap", at the end of everyday, your positions will be automatically reset by the broker every night when swap is generated. such that your outstanding profit or loss has included the overnight swap inside.

Therefore, swap free a/c and normal account would come to the same result.

I find that prospector is a much better ea than robominer, Yes i know that robominer does 100% winning trades, but if you compare the two systems at a deeper level, you'll realise that even though prospector does not do 100% winning trades, it is far better. Let me explain.

I am using Alpari UK

1. Robominer is is prone to huge draw downs while prospector is able to cut loss. Lets say you had open sell positions since janurary in the 1.19 region for aud/nzd, by now, the negative swap created would have been larger than the target 40 pips. Even if u close the trade to be a profit trade, Your net profit is a loss due to swap. Prospector does not have that problem as it is able to cut loss.

If you are using FXDD or another and do not have negative swaps for the sell range of aud/nzd, if aud/nzd is in the lower half of the range, the swaps will get you.

2. When the aud/nzd pair is at the extreme ends of the range, That is when there is high probability that the aud/nzd will change direction and go toward the centre of 1.17. When Robominer is at the extreme ends of the range, it would be under heavy drawdown and continue doing .01 lot sizes. Prospector on the other hand, is able to sieze this high probability opportunity by increasing its lot size automatically when the pair is at the extreme ends of the range.

Backtests done by the ea designers have also shown prospector to be far more profitable than robominer 170% in the past year as reported by the creator of robominer and prospector on his backtest.

Both trading systems employ the exact same trading assumptions, if aud/nzd breaks the range the account busts. However because of trading techniques (prospector being able to cut loss), prospector is far more profitable than the robominer.

Which is more important? to have 100% winning trades(even though some winning trades may give u a negative return) or to make the most money?

To me, the latter is more important. I have been trying to educate prospector 1.04 but i have been stuck for some time. Hope someone can help me and we can all make the most profits possible together. :-bd