It is much more likely that someone would explode a nuclear device over America. If the signals are coming out of America then all bets are off, correct? Where are the signals coming from? Can the signal generator be moved to a safe low profile location outside of any of the big high profile countries so it can remain safe and unstoppable for the next 20 years?

Mathematical proof refers to the proof of a hypothesis based only on mathematical axioms. A mathematical proof can make no assumptions beyond these axioms so formally there can be no math based proof of any trading system or draw down prediction.

The robominer system also makes a very strong assumption of similarity between the Australian and New Zealand and the European Union and Swiss economies. Although both economies are indeed similar to some extent they are differently affected by global phenomena. For example, New Zealand depends much more on its exports than Australia and price drops in commodities make the NZD drop more than the AUD. Switzerland and the Eurpean Union are also different in many aspects, GDP, unemployment, trade deficit, to name a few. Several global events could happen that could break the range and cause a long term trend to establish on either the AUD/NZD or the EUR/CHF, there is no reason to assume this will not be the case.

The robominer system has no cap over its market exposure and no seasoned trader would ever consider this system as low risk. Without a doubt, the establishment of a significant trend during the next years would cause terrible loses on this system. Every experienced trader knows that the most important aspect of trading is limiting your loses, not limiting your profits and letting your loses run.

Just my opinion on this matter,

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Interesting how all the 'smart' people are busy trying to poke holes in Bob's proof.

Here's an interesting fact; I borrowed $5k on a HELOC loan along with my own $5k and put this EA to work Jan 19, 2009. In Sept 2009 my account officially doubled. I did not use Bob's suggested safe trading methodology, but a few of my own strategies which enabled this account to double a bit sooner.

Next, I pulled the profit, paid off the loan, and pulled my original $5k out and am now trading with essentially 'play' money that I am not emotionally tied to. I'm not sure where someone can earn 100% in about 8 months. In fact, in todays economy, a small investor who is making 5% is probably doing very well by todays standards.

Bottom line I decided to have just a bit of faith and took a chance. At this point, this EA won't make me rich, but is what I consider another stream of income to supplement my military retirement.

So please by all means, stay on the sidelines, poke holes in theory and show us how smart all of you are and please, please do not buy this EA...in the meantime, I'm making good returns and will recommend this EA to anyone who wants to make some money.

I would post the link to where you can download this EA for free and demo it, but a simple google search will yield the website.

Also visit Pipcops website where he has live, forward test results posted since Jan 09 which is very good 'proof' that this EA works.

As the gentleman stated above.....this is just my opinion!

Thanks for comments Bob.

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It was never my intention to just "poke holes" on anyones theory for the sake of it or keep people away from making profits from this or any other expert advisor. I also do not discuss the fact that this EA has generated profit for the past 1-2 years and that this has been shown on both demo and live tests to a good extent.

My discussion is not whether this expert has or has not generated profit but if the logic behind it will allow it to generate profits and keep the profits it has already made during the next years or even decades. I am not interested in trading systems that generate profit for a certain time and then they fail dramatically when the market defeats their assumptions.

There have been systems that have made profits for periods of the same length and then have given huge draw downs and even wipe outs (several martingales, grid systems and scalpers). Basing a system on a fixed range on a given set of currency pairs is not a strategy for long term profitability. I am sure the strategy will hold as long as these pairs are range bound but there is no reason to believe this will be the case in the next 40 years.

A pair will not hold a range eternally, that would make the market inefficient, as it is the case at the time for the market against the Robominer expert advisor. Time will tell, but in the past, all strategies that have based themselves in such assumptions of absolute ranges holding have eventually wiped their account. Think of the fundamental aspects of the strategy.

Again, I am just giving my opinion on this matter and I am not giving "negative" or "positive" feedback of any sort (so don't take it as a personal critique if you use this system !), just my analysis of this expert's trading mechanism

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