The extend of historical limit
Well, sorry for the late reply.
Are you in for a long reply ?
I'm sure that Robominer can be a very profitable strategy. I think the only reason for concern is the possible drawdown. It is the only concern I read about when Robominer is discussed (oh, sorry, besides swap). Everyone has to decide for themselves what risk / balancefactor they want to use.
I tend to look back to the past and check when the historical limits were tested and to what extend. How much higher / lower is this High/Low compared to previous High/Low. This defines my balance-factor and my grid setup.
Now, if it is 48%, I need a very high balancefactor to be able to withstand this drawdown. But I cannot find this 48%.
As the current grid for aud/nzd is made, (from 1.0432 to 1.3072) the grid End is already about 100 pips higher than the 60 month limit. That's already some insurance. You propose 300$ extra insurance above the max. drawdown, which is again about 150 pips (79.20$ per grid).
Bottomline, if it is not to much trouble, I still would like to know how this 48% is calculated. I suppose it can help me undertstanding the way you calculate the drawdown.
And since I'm posting now, I have two more questions :
1) When prices are near their limits and are turning back, you tend to profit extra by opening trades with another magic-number.
Wooow, that is dangerous. Your Drawdown is already high and when you see prices reverse, you open extra trades. What if this price reversal is just a pullback or correction and prices go back to the limit (e.g. double top) ? Margin Call?
So on what criteria do you decide to open the extra trades (or changing the take-profit which I think is less dangerous)?
2) Swap is annoying. On a demo which I am running now, swap charges are more than 1 pip per day (short). That means, 2 months and all the profit is eaten. I have now 12 trades open and already swap has consumed as much as the normal 40 pip profit for 3 trades.
If I set AllowInternalClose =True, AllowforSpread = True, StealthMode = True and TakeProfit = False will the trades really be closed if also the loss in swap is compensated ?
I ask this because in the on-screen comments for Robominer 1 line mentions :
Profit for this instance of EA : -xx.xx
But this profit is NOT including the swap charges
Greetings Edward
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