drawdown - Official RoboMiner, RoboMiner Pro and PipStrider sales and support

censura100 · 12-22-2009, 03:36 AM

Hi , on the prospector EA what are the potential drawdown % based on a balance factor of 3500 on AUDNZD and EURCHF

I am trying to work out my risk based on 10K account and potential gains

The robominer says a return of 6% per month is not unrealistic will prospector perform the same or better or worse based on its position size startegy.

Obviously i am trying to guage which is better for me to purchase. I live in the UK and have alpari UK as a broker so the ristrictions on US citizens is not something which i have to worry about. Is the prospector just a workaround for the Robminer for us citizens (although i belive the robominer has been modified in its self to trade legally in the US) or is it a enhanced EA in its own right.

I have looked at other EA like FXEB which uses a martingale staking plan is Prospector similar albeit not as aggressive as FXEB in so far as its restricted scaling of 10/11 levels which i assume take it to 89 or i presume .89 micro lots at its extreame 10th level

Your help is appritiated

Forex Goldmine · 12-23-2009, 08:24 AM

If you don't need to worry about FIFO, we recommend the RoboMiner II over the Prospector for better results.
The drawdown is often less than with the RoboMiner, due to the fact that there is only 1 trade open at a time. But the range for each gid element is much larger, and thus it takes longer to close a trade at a profit.

Your analysis as to risk in comparison to the Martingale EA is correct.

You can get more info on the Prospector at http://forum.forex-assistant.com .

12-22-2009, 03:36 AM	#1 (permalink)
censura100 Junior Member Join Date: Sep 2009 Posts: 3	drawdown Hi , on the prospector EA what are the potential drawdown % based on a balance factor of 3500 on AUDNZD and EURCHF I am trying to work out my risk based on 10K account and potential gains The robominer says a return of 6% per month is not unrealistic will prospector perform the same or better or worse based on its position size startegy. Obviously i am trying to guage which is better for me to purchase. I live in the UK and have alpari UK as a broker so the ristrictions on US citizens is not something which i have to worry about. Is the prospector just a workaround for the Robminer for us citizens (although i belive the robominer has been modified in its self to trade legally in the US) or is it a enhanced EA in its own right. I have looked at other EA like FXEB which uses a martingale staking plan is Prospector similar albeit not as aggressive as FXEB in so far as its restricted scaling of 10/11 levels which i assume take it to 89 or i presume .89 micro lots at its extreame 10th level Your help is appritiated

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12-23-2009, 08:24 AM	#2 (permalink)
Forex Goldmine Administrator Join Date: Jul 2009 Location: Sterling, VA, USA Posts: 138	If you don't need to worry about FIFO, we recommend the RoboMiner II over the Prospector for better results. The drawdown is often less than with the RoboMiner, due to the fact that there is only 1 trade open at a time. But the range for each gid element is much larger, and thus it takes longer to close a trade at a profit. Your analysis as to risk in comparison to the Martingale EA is correct. You can get more info on the Prospector at http://forum.forex-assistant.com .