Hey guys. Rough first week with channel trader and vortex trader pro. Maybe my timing was bad but I'm confident in the strategy and I know they will make it up in spectacular fashion. The only thing that concerns me is that my trades were not exactly the same as the vendors. They were close. What could be the reason for this? I am using fx choice true ecn live account. Is there a delay or latency and that's why we don't get the exact same buy or sell price. Also I don't understand why the vendor and I are both trading 3 lots but today the vendor has a win of 72.46$ (2.9) pips and a loss of -44.54$ (1 pip) and I have a Loss of -111.00 and a loss of -45.00 for the same two trades. Why the discrepancy? Also paying -41.48 commission for every trade at 3 lots. Not sure fx choice was the best choice. Any advice?
Slippage is the difference between the requested order price via a limit order and the executed order price.
I purchased VTP not long ago and am still testing the EA copier on a demo account. So far I'm experiencing order delays compared to master of 2-4 seconds, on each end, which so far has been resulting in a 2-4 pip difference - not insignificant when you consider the average VTP win is around 11 pips. In the long run this would mean a roughly 30% worse financial result than the master account.
I’ve got a superfast computer and great internet connection, broker FXCM USA. May go to a VPS at some point, but am not sure this will make a big difference. I will share further information when it becomes available.