Forex Auto Trading Systems

Live Trading With Robominer And No Loss Robot

I commenced live trading this week and Robominer has already closed 3 profitable trades, for a total of $7.02 which extrapolated over a year equates to about 35% per annum. Not bad considering that I set a 115 pip trailing stop on one of the trades and it closed with only $0.65 profit. Ah, the psychology of live trading! If I had left it alone the trade would have made its full 400 pips resulting in about $3.20 like the other 2 trades, so the ROI would have been 48% pa. I also turned off Expert Advisors after a couple of days as I was nervous about trading during the holiday period. As it turned out there was some strong trending on both AUDNZD and EURCHF so I probably could have made more but thems are the breaks. I’ll turn the robots back on in the New Year when trading resumes after the holiday weekend.

The No Loss Robot got off to a bad start. I couldn’t figure out why it had not initialized on the charts I set it up on. A trap for new players: I copied the ex4 file to the experts directory but did not run the installation exe file to install all the other files required to run the robot. It looked like it was installed as I had previously had the demo installed there but obviously that exe file needed to be run again to make everything good. By the time I realised what I had done and fixed it, I decided not to trade for the remainder of the week, again because of the holiday period.

I also got a warning on the chart when I installed Robominer, that the account balance was too low to trade safely, so that is a concern especially as I was contemplating running No Loss Robot on 9 different pairs as well as Robominer on its 2 pairs. Although I am reasonably happy to take the risk of running Robominer on a $1000 account at 0.01 lots, I am probably pushing my luck running both robots at the same time on the same account. So I’ll have to consider whether to top up the account or take the risk.
Or alternatively just run one robot at a time. This is not a problem you have on a demo account where you can create as much free money as you like and run separate accounts. With real money you have to consider your budget and how much you are prepared to risk. So again the psychology of live trading comes into play.

So watch this space. I will report progress as it happens…