Not sure if you guys have paid any attention to the statement, but the ea is hitting tp at 3-4 pips, while employing a sl of 30 or so pips. Now, I fully understand that the ea might have a sl built into it to be triggered at a much lower negative value, and fully appreciated the concept of scalping. I do it myself.
I usually don't post if I don't have anything useful to add. But I have seen this type of demo before, and seen the pitfalls of it as well. I don't know what sort of experience you have trading markets (not hard to have more than me :-) but I can tell you now that if you are going to go live with using the results of a demo account, you will lose money as quickly as the movements of gbp/jpy this week. Below is the reason:
When trading on demo, you will get filled absolutely at the price you want. That is for entry and exit. No doubt about that. You go, YOU BEAUTY. I am onto a winner here. Go live, and the reality is so different. You will always get a minimum of 1 pip slippage. Could be on entry or exit. On swing trading, not much of a deal, but for your strategy from what I can see, 1 pip = anywhere between 20% - 33% of your profit. That is a hell a lot of profit to give away, and scalping requires a very very hit succes rate % to be effective in the long run.
My only suggestion would be that if you are confident enough about ur ea, find some reputalbe programmers, who can test it on tick data, if shown to be satisfactory, pay a programmer to program it into API to trade on currenex, and then see the money pouring in. This sort of trading will definitely lose on any mt4 broker. Doesn't matter what the spread is, eg crownfx have 1 pip spread on the pairs u have in ur statement. But it will not work.
Regards,
K.
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