[Forex Goldmine]

Hi Nikmo,

Originally Posted by nikmo

- If Gt-Shadow supports hedging, does it comply with the new FIFO rules? (or as I understood the FIFO rule prohibits hedging only on one chosen currency and noting to do (??) with having single position buy/sell for each of the two currencies). So in this context this is not clear to me, or I am wrong ?!

That really is two unrelated questions:

It supports hedging across two different pairs (currencies) at the same time. So you would have the robot running on (for example) the AUDNZD and EURCHF at the same time, hedging against itself across those two currencies.

It also supports use on both FIFO (U.S.) and non-FIFO (UK, preferred) brokers. FIFO stands for "First In First Out" which means if you are on a FIFO broker like IBFX, and you open ten positions, you cannot close out the last position you opened first (which is preferred). Instead, FIFO requires that the first position you opened be closed first (hence first in, first out). In the case of GT-Shadow and RoboMiner robots, that means you would take a loss if you did not have the "FIFO" setting properly selected. With a FIFO broker, all you have to do is wait until ALL your positions are profitable and then close them out all at once. With a non-FIFO broker (like Forex.com or Alpari UK) you can close the last one and make a profit on that position, unlike IBFX which would close your first position at a big loss if you tried to do the same thing. Using a non-FIFO broker is my personal preference in terms of profitability, but either can be used.

Edit - I just saw you are in the UK, so you don't have to worry about all the FIFO mumbo-jumbo (lucky you!)

Originally Posted by nikmo

- Is there an update support for the Gt-Shadow each month or so?

I'm not clear what you mean here. We offer support for the lifetime of your purchase. We also offer unlimited updates to the robots to all purchasers within the line of the robot (so GT-Shadow version 4.0 to 4.9 - version 5.0 may require an upgrade payment.)

Originally Posted by nikmo

Is the Gt-Shadow available as demo version ?

Yes, please click on the "Downloads" link at the top of the page.

Originally Posted by nikmo

Since Gt-Shadow provides many parameters that can be tuned, does it means somebody may "influence" in some sense the computation intelligence of the algorithm in some sense or are the parameters just related to money management and risk taking ?

The parameters are related to money management, order placement, and risk.

Originally Posted by nikmo

If somebody wants to open a micro account (~500$) with 1:400, which broker would be the best to consider. (I am living in Europe). Is 1:400 provided by some broker supported in MT4 ? I ask this since by my demo MT4 account so far I see only 1:100.

Due to the fact that there are SO many brokers and so many different policies for each one I cannot even begin to know who to recommend. However, with that said, Forex.com works for me. They offer good support, good spreads, and your funds are insured. You may find another broker who has a better spread, better way to deposit/withdraw funds, etc.

As far as 400:1, you would also need to contact each broker to determine if they offer that leverage.

Please let me know if you have any other questions.