|
FAQ
|
| Q. | What is the difference between the RoboMiner II and the RoboMiner ? | |
| Ans. | Here is the short answer: The difference between the RoboMiner and RoboMiner II is that the RoboMiner looks at price levels achieved to close individual orders at a 40 pip profit. It uses a TakeProfit setting to close its orders. It always has to close the latest order first in order to do this, so it does not work with FIFO. The RoboMiner II can operate in exactly the same way, if you wish. On the other hand, it can open all of its orders without a TakeProfit. It then treats all open orders in the aggregate, and looks at their profit in the aggregate. In other words, it looks at the sum of the profit of all the open orders, instead of looking at individual orders. When a predefined profit level is reached (1 1/2%, for example), it closes all the orders at the same time and starts all over again. It might do this several times each month. So, because it closes all of its open orders at the same time, it has no problem working with FIFO. | |
| | | Q. | Can the RoboMiner II take over my existing RoboMiner trades? | |
| Ans. | Yes, it can take over your existing positions if you wish. With FIFO set to true, the RoboMiner II will remove the TP from existing orders and start monitoring them for that 1 1/2% of profit in aggregate in order to close them all. Of course, the Magic Number must be set the same in order for it to recognize the old orders. | |
| |
|
|
|
|
|
