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DEMO ACCOUNT vs LIVE ACCOUNT

BenNathanFX (BenNathanFX)
Mar 27 2015 at 10:06
137 posts
The simple reason behind why no EA can ever make a profit forever is simple.... NO EA can do the one thing critical for sustained income... and that's be aware of market conditions and the actual DRIVING FORCE behind the moves, therefore they will work for a period of time when the market is acting in a certain way but ultimately when the fundamentals and the markets change, the EA has no knowlege of this and carries on trading regardless and then ends up failing...

HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
kricka
Mar 27 2015 at 21:10
92 posts
Ben I agree, that is why we can not let individuals EA's to be in totally control of our trading accounts. I am of the belief that a separate EA or robot or cBot, which ever the platform one is trading on, has to have a separate 'RMM Robot', risk & money management algorithm running that is dedicated solely for the purpose of protection our invested funds. Markets will change as it always has, we have to protect our self the best we can for these unpredictable moves that the market does.

" Lock in the profit and minimize the draw down "
Apipfx (Apipfx)
Oct 15 2015 at 09:57
13 posts
essenn posted:
From my personal experience, A demo account is an accurate representation of a live account, If a Pro trader or A well designed EA run profitably on a Demo account then it's 99.99 percent certain these resulted can be replicated in a Live account.

Discuss.. 😁


You will struggle more emotional control when you're about to trade in live account. You might went crazy when you were lose $10 in real account than lose $10.000 in a demo account. And one thing, most of the newbies were quit when they lose around $20-$30 in a real account due to overconfident.

goyankees85
Oct 15 2015 at 11:56
118 posts
BenNathanFX posted:
The simple reason behind why no EA can ever make a profit forever is simple.... NO EA can do the one thing critical for sustained income... and that's be aware of market conditions and the actual DRIVING FORCE behind the moves, therefore they will work for a period of time when the market is acting in a certain way but ultimately when the fundamentals and the markets change, the EA has no knowlege of this and carries on trading regardless and then ends up failing...


 Not unless the EA is price action based. Price action ALWAYS remains the same, no matter what market condition it is. That is a known fact and can be seen in the charts.

My avatar explains "social trading" perfectly.
rob559
Oct 16 2015 at 17:37
1916 posts
goyankees85 posted:
BenNathanFX posted:
The simple reason behind why no EA can ever make a profit forever is simple.... NO EA can do the one thing critical for sustained income... and that's be aware of market conditions and the actual DRIVING FORCE behind the moves, therefore they will work for a period of time when the market is acting in a certain way but ultimately when the fundamentals and the markets change, the EA has no knowlege of this and carries on trading regardless and then ends up failing...


 Not unless the EA is price action based. Price action ALWAYS remains the same, no matter what market condition it is. That is a known fact and can be seen in the charts.


alrighty😄

snapdragon1970 (snapdragon1970)
Oct 16 2015 at 17:41
1944 posts
essenn posted:
From my personal experience, A demo account is an accurate representation of a live account, If a Pro trader or A well designed EA run profitably on a Demo account then it's 99.99 percent certain these resulted can be replicated in a Live account.
Discuss.. 😁


That depends on the broker and how they have setup each,I have noticed some demos are faster than the live account,this makes sense too,since the orders are dealt with in house ,I scalp the eur/usd it's noticeable.Its good to back test but don't expect the same results forward testing.


"They mistook leverage with genius".
kricka
Oct 17 2015 at 00:26
92 posts
kieran, I have been test trading a lot of demo accounts when building strategies and cBots. My experience is that demo accounts do not differ that much compared to live accounts. I worked mostly on the cTrader platform and mt4 might differ somewhat in this regard when it comes to the accuracy between a live and a demo account. Anyways RMM ( risk and money management ) should be a priority whatever platform one is using. RMM Robot is easily searched on Google to get more info on this so important subject.

" Lock in the profit and minimize the draw down "
snapdragon1970 (snapdragon1970)
Oct 17 2015 at 15:44
1944 posts
ReiGn posted:
Hi im new to trading and i would like to ask if pellucidfx is a trustworthy broker


A trust worthy broker.....mmmmmm
Well it depends what you call trustworthy!

"They mistook leverage with genius".
Devhuti
Oct 23 2015 at 16:30
94 posts
free forex major currencies signals forecast is available visit my profile

worldwide11
Oct 23 2015 at 16:35
8 posts
essenn posted:
From my personal experience, A demo account is an accurate representation of a live account, If a Pro trader or A well designed EA run profitably on a Demo account then it's 99.99 percent certain these resulted can be replicated in a Live account.

Discuss.. 😁

I'm just starting on real account. After the Demo it is very huge difference.
I think have to learn more to be a professional but it needs years... ((

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