I'm now starting to analyse carefully the comparison between signal provider and the real results and the differences are sometimes huge.
I think this explains, in part, the miserable performance I have been having in the last months since I have started.
I show one example attached. This is particularly interesting because the provider seems to be working in ICMarkets and I aslo have account in ICmarkets. so was not expecting the difference to be so wild. as you can see sometimes difference is about 7 pips!!
Curiously my account in Intertrader is performing better with this provider, although I suppose the signal provider is trading in ICmarkets. For my account in Axitrader half of the trades are simply missed. so results are even worse.
Each broker has its problems and it is really hard to decide what are the best ones. For instance Intertrader does not seem to copy any XAUUSD signals, so it is pointeless to have any gold
I was optimistic about this autotrade. The concept is quite interesting. The control over your account is good and you can change parameters. You don't need to have VPS or keep your MT4 on. However practical results so far are indeed very poor and really disappointing.
I'm starting to get convinced that it does not allow you to make any money since errors, slippage, bad spreads will be always against you on the long term.
However I would reaaly like to see some positive feedback from any trader that has being using this for the long run, at least 6 months. are you guys making any decent profit? what did you realize was making you loose money? how did you solve this?
Basically I'm seeing most of the signal providers accounts going up or sideways whereas my account keeps going down..