Quote:
Originally Posted by yeoeleven
Hi Jim,
I did put 10p3v0.02 onto my live account recently, the amount of the live account was different and recently did allow one more progression but the demo still closed off ok. I did use the same opening unit for both and I posted the details previously.
As far as generally the live and demo are often a pip or so different but in the main open and close about the same, there are cases of course when a pip allows one to close whilst the other doesn't.
The problem with live is that slippage will lose a pip in the closing and if the unit is higher it may cause the EA to close a progression with a small loss. I have found that there is a difference between live and demo and it always is the live which shows the smaller profit.
As far as the broker hunting stops you will find that the EA has intelligence when the progression rises and allows for a profit and closes not using the SL that the broker can see, that can cause the small loss if slippage occurs but better be out of a large progression than remain in it. The first and second progression will take the SL but the unit isn't worth stop hunting.
John
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Hi, Yeoeleven,
Many thanks for your quick advice.
Coming from a stock/options background, I am used to paying commisions. The forex brokers tell me, "We don't charge a commision!" But then there is the spread, the slippage, the news related peaks in which we traders only have the chance to lose big and none the chance to win big, because your orders may not get filled in those peak times, and then the hunting, the sniping, and what else there is... In the forex market, is there a fair playground for traders? Maybe that is the reason for you to say "I have found that there is a difference between live and demo and it always is the live which shows the smaller profit."
How bad is this unfairness? The 10p3v0.02 in your demo account reached 200% of the initial deposit. How would it do in a live account, everything else being equal? Would it only reach 150%, 110%, or even going into the red? This is what I wish to find out.
For this tread, I am willing to set up a live account and a demo account with IBFX with same initial deposit, same EURUSD M15, your #3177 EA and set file, and activating of the two accounts within one second of each other. I hope I can show how bad the forax platform unfairness is.
Would you advise: What is the minimum deposit I need to make? Is $78 enough? Could it be lower? Because I assume I am going to lose in the live account.
Thank you for your advice and for the tremendous work you and others here have already accomplished.
Best,
forexjim