The Robominer Review | An EA from Forex Gold Mine
| FXBuild.com doesn’t recommend traders to use any EA / Forex Robot anymore. If you’re still looking for the best EA around, I suggest you read my post Why I Stop Recommending EA |
While many forex robots creators out there boasting about how their robots can make you rich overnight, Robominer takes a different approach. Instead of gaining big profits today and lose it all tomorrow, it aims for small and steady account growth every month. You can virtually assume that it is the safest expert advisor ever created.
The Robominer Review – Pros and Cons
Pros
Probably the safest expert advisor you can find. It trades with conservative strategies and aim for small but steady account growth per month.
Cons
If you’re looking for aggressive EA that can give you huge profits for each trade, this robot isn’t for you.
The Robominer Review – How It Works
Robominer is another grid-based forex robot that only trade 2 currency pairs: AUD/NZD and EUR/CHF. You might be confused why it skips popular currency pairs such as EUR/USD or GBP/USD, but the creators have solid reasons for that.
Based on their research, these 2 currency pairs have always traded within a particular range and their price usually come back to the midpoint of each of their range. Basically, the EA will take short positions when the price moves up from that midpoint. Similarly, long positions are taken when the price moves below the midpoint.
In addition, the creator suggest to use lot size of only 0.01 lots per $ 2,000 of trading capital if you just trader AUD/NZD. If you decide to trade both recommended currency pairs, the recommendation is 0.01 lots per $ 3,500 of trading capital. With this kind of recommendation, you’ll stay safe from margin call even If the pairs go out their historical ranges.
The Robominer Review – How Much I Can Get?
The official website stated that it can give you 3-6% per month, but on average, Robominer users get between 2-5% per month. While 5% per month might seems small in the forex industry where everyone claims that they turn $1000 into $2000 overnight, it already considered really huge in the investing world.
If you want to invest your money but already tired of being scammed by over-hyped forex robots out there, I assure you that Robominer can give you what you need. You can’t check your account everyday and expect a winning trade, but at the end of the month, you’ll get that 2-5% growth.
