Is this true - EA opening more trades for RoboMiner

[Forex Goldmine]

QUESTION:
I found this explanation on a forum. Can you comment on it?

Double Profits
The double profits only works if you are using the old RM, I mean the one that has the TP part with your order, you cannot change the magic number if you have FIFO set to true, so make sure your broker is not NFA regulated and you have FIFO set to false for double profits to work, know the difference. You can change the magic number from 210001 to 510001 to 610001 to 110001 and so on just as long as the last 3 digits end with 001 you can choose any number, and you can continue using that number until you decide that there are enough open trades before you change it again and you just repeat this over and over again.

I generally change mine every 5 open trades sometimes less just depending on my gut at the time, i have changed it with as little as 1 open trade, but of course the more open trades the better to change the number. When you change magic numbers, the old trades automatically close after the market passes the T/P plus the Spread, and the RoboMiner opens new trades and closes them along the way, so you are basically doubling your profits.

ANSWER:
That EA simply changes the magic number so RoboMiner thinks there are no open trades, and then RoboMiner will open more trades. As a result, instead of RoboMiner opening a trade every 40 pips per the grid, they will start to overlap the other previous trades.

What that means, of course, is for every batch of newly opened trades, you need to have sufficient equity to be able to carry those positions should the market move against you. It is absolutely a high-risk strategy IF that is what it is doing.

In my humble opinion, it is same as increasing your lot size, which you can already do with RoboMiner. It’s not some magic system to make more money, it just adds more trades to the robot. Of course, what it does do is have more “action” because you will have trades at every 10 or 5 pips instead of 40, so it will appear to be doing more. In reality, it’s just the same as opening a double or triple lot and then waiting for it to close. Of course, there may be a difference if the trades stay open over the weekend or you get hit with swap, but that's an accounting issue with the brokerage, so you'll have to research that on a case-by-case basis.

Pay close attention to what is being said: it MUST open the trade with a Take Profit and you MUST not be on a FIFO account. If you don't have a TP, then the trade will hang open forever because RoboMiner won't manage it IF the MagicNumber of the trade does not correspond to the MagicNumber RoboMiner is looking for.

Remember, the MagicNumber only identifies which trades belong to the robot. This means two robots can trade on one account if they have two distinct magic numbers, and they will only manage their trades. If you change it, then the robot won't touch the trade because it thinks the trade does not belong to the robot.