RoboMiner Pro 1.04 released - Official RoboMiner, RoboMiner Pro and PipStrider sales and support

Forex Goldmine · 11-02-2009, 01:18 PM

We ran into a curious situation with the Pro. I had a function in the RoboMiner that didn't allow a short trade to happen until all the long trades were closed, and also the reverse. This was to prevent hedging, so that we would not run into complications with US brokers. Since the RoboMiner is/was not intended to hedge by taking trades in both directions at the same time, that was a great idea.

However, with the adjustable settings for the RM Pro, some enterprising users have decided that they would like to run it on multiple charts in both directions, and they can do that by drastically adjusting the center point to the extreme top and/or bottom of the range. Aside from the need for about 4x the balance and BalanceFactor from what you would need with regular RoboMiner trading, this is possible with the RM Pro.
However, in order to facilitate that, I had to remove the call to the function that blocked a hedging situation. So I have done that, and upped the version to RoboMiner Pro 1.04. All live customers have their accounts enabled in here, and, in addition, it will work on any demo account. I have attached it for you to put up for download.

Most users will not notice a difference, but those users who wanted to be wild with their hedge trading will now discover that they can do so with the RM Pro. I advise extreme caution, however. It does require much more in terms of Balance and BalanceFactor. Four times as much as with the RoboMiner under extreme conditions.

The robot is now available for downloading on the Downloads page.

only20gp · 11-02-2009, 11:26 PM

sorry im alittle confused as to why we would need 4x the balance factor as apose to 2x.
way im thinking is ... normaly we would have 33 ranges for either buy or sell but with hedging we would have 66 ranges for each. but the max ranges open would be 66 and not 132. so why 4x the balance factor?

only20gp · 11-02-2009, 11:26 PM

okay, nevermind. figured it out.

11-02-2009, 01:18 PM	#1 (permalink)
Forex Goldmine Administrator Join Date: Jul 2009 Location: Sterling, VA, USA Posts: 138	RoboMiner Pro 1.04 released We ran into a curious situation with the Pro. I had a function in the RoboMiner that didn't allow a short trade to happen until all the long trades were closed, and also the reverse. This was to prevent hedging, so that we would not run into complications with US brokers. Since the RoboMiner is/was not intended to hedge by taking trades in both directions at the same time, that was a great idea. However, with the adjustable settings for the RM Pro, some enterprising users have decided that they would like to run it on multiple charts in both directions, and they can do that by drastically adjusting the center point to the extreme top and/or bottom of the range. Aside from the need for about 4x the balance and BalanceFactor from what you would need with regular RoboMiner trading, this is possible with the RM Pro. However, in order to facilitate that, I had to remove the call to the function that blocked a hedging situation. So I have done that, and upped the version to RoboMiner Pro 1.04. All live customers have their accounts enabled in here, and, in addition, it will work on any demo account. I have attached it for you to put up for download. Most users will not notice a difference, but those users who wanted to be wild with their hedge trading will now discover that they can do so with the RM Pro. I advise extreme caution, however. It does require much more in terms of Balance and BalanceFactor. Four times as much as with the RoboMiner under extreme conditions. The robot is now available for downloading on the Downloads page.

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11-02-2009, 11:26 PM	#2 (permalink)
only20gp Junior Member Join Date: Aug 2009 Location: Dubai Posts: 5	sorry im alittle confused as to why we would need 4x the balance factor as apose to 2x. way im thinking is ... normaly we would have 33 ranges for either buy or sell but with hedging we would have 66 ranges for each. but the max ranges open would be 66 and not 132. so why 4x the balance factor?

11-02-2009, 11:26 PM	#3 (permalink)
only20gp Junior Member Join Date: Aug 2009 Location: Dubai Posts: 5	okay, nevermind. figured it out.