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MiniMe, so you're saying that say, broker 'xxx' is quoting a 2 pip spread, you end up always paying 3 pips to them - or just sometimes? In other words, is this 1 pip slippage guaranteed? I know it's been said repeatedly that demo and real quotes differ but I'd be very interested if others with real accounts could confirm your observations. I'd also be interested to know the identity of 'xxx' as I'm still looking for the 'perfect' MT broker.
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Live account will only be filled when there is someone to respond to your qoute, so trying this with some bizar pairs will give you more than 1 pip, I am trying this with the normal currency pairs and its almost 90% of the times you will find a 1 pip on your order and 1 pip on your take profit/stoploss. Changing the broker will not change anything, you need to see it by your self, as I said make a 20$ live account and setup an EA on both live and demo and do the test, there days and you will end up with big difference. and if you are using scalping EA then its even worse, the difference is going to be very big, cause then you count on small pips to make profit. ----------------------------------------- Today I setup another live account with 50$ to test it with my original live account, and guess what ... I have just got a couple of trades and there is a delay between orders, the small account with the 50$ hit stoploss before my orginal trading account and the orders are filled later than the original account ... so far they both trade in the same way but there is a obvious delay, I will keep them both running for a while and see the results.
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“Risk comes from not knowing what you're doing” “Never argue with an idiot. They drag you down to their level then beat you with experience” Last edited by MiniMe; 04-12-2007 at 02:27 AM. |
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It is the way Metatrader/Metaquotes works to give the brokers another edge in making money from our deposits. In most cases the only winner in the end will be the broker. For example, say that we have 2 traders. 1 trader buys and the other trader sells at round about the same time, so that there orders are matched (afterall forex is meant to be a zero sum game). Now, let's say that bought traders have a 15 pip stoploss which both get hit (on a news release like yesterdays FOMC minutes). Where has all that money gone??? Last edited by lexygoo; 04-12-2007 at 02:46 AM. |
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Minime, the only suggestion I can give you is to try to adapt the EA you are using to the live environment, this way you can try to remove this edge that the MT4 broker has.
Remember, that your MT4 broker is not a charity. They need to make money - your money! So, I wish you success in trying to overcome this. |
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I am doing fine even with the 1 pip difference I was just testing an EA with a small part of my account, I do most of my trades manually.
But this is unfair for traders, and no one said anything about it, I heard lots of stories about EAs that does well on backtest and on demo but when used on live account it fails... it seems that is a major reason why, personally I used to test at least one EA per month, now I know it’s a waste of time. Believe me the difference is big, you will see it in the first three days and it grows up. You don't even have to try this, go to any broker web site and chat with them and ask them the same question, why on the demo account the orders are being filled while on live account the orders are not being filled ? you will end up with the same answer I got on the first post. I am not sure if this is only with MT4. but if it is then I must change my broker.
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“Risk comes from not knowing what you're doing” “Never argue with an idiot. They drag you down to their level then beat you with experience” Last edited by MiniMe; 04-12-2007 at 03:25 AM. |
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If you are being filled later then sooner wouldn't make sense that the market price could equally be a better fill? If there is no cheating then hypothetically it is randomn when you get filled and the market price could be lower, same or higher.
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STEINITZ "A man wears one watch and can tell time. A man wears two watchs and doesn't know what time it is" old chinese proverb..... www.ForexRobotTrader.com Note: 100% no loss is obtained when no type of stop loss is employed |
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When using demo or backtests we assume that the orders will ALWAYS be filled, but this is not true. |
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