The best place to trade the bot seems to be at RoboForex. Don't have direct experience with this broker so cannot vouch for (or against) but I'm not going to argue against a 63% monthly performance. That's pretty impressive for sure. One possible way to utilize this thing: use aggressive settings, double your money as long as it works, withdraw profits, and cross fingers that the strategy will last some more.
No, but change broker as for octafx I test a robot microbot and its better market on activtrad that are regulating and serious it not exceed the 1.2 same variable pips 1.3 but not more and this 4-h mast 00 h after the spread are above 1.2
and I have the means to purchase it is necessary that I anticipate vps forex with a max of 1ms with activtrad ping I think that I'll be at max with his robot but without vps these loss
IC Markets has low spreads and decent execution especially from a VPS. But it is interesting to note that of the accounts displayed in the recent posts, the higher the lot size, the worse it does which helps to confirm HedgeEdge that larger orders will contain higher slippage simply due to that fact that they can take an extra few precious milliseconds to fill.
On my broker, I fear that the high commissions charged outweigh the gains made. At least that is my opinion from watching the different trades. Possible broker manipulation, but doubtful on such a small account.
This also helps in confirming my fear that scalpers just cannot work over the long term in a real world scenario. I designed one that goes from $100 to 180 million in a few years. But it will NOT work in live trading condition unfortunately.
Yep... That's one of the issues with scalpers that rely so heavily on execution, they are generally not very scalable or 'compoundable' strategies as the account grows in size. That is, a $1 mill account trading say 100 lots is going to be much more impacted than the guy placing 0.01 lots at a time.
But there will also be a collective whipsaw effect, if a broker has 1000 people trading the same system, all at the exact same time, same orders, ALL people are going to get a slice of slippage, regardless of size traded. You trade 10 lots, you get slippage, you trade microlots, you get some slippage as well. And that's the reason why, I believe, such a scalper will stop working sometime in the future. Obviously, I could be wrong and everybody makes huge piles of $$$, in fact that could very well happen for some time before the strategy becomes too widespread.
I'm using this on a live account at TradersWay (the only ECN with good leverage I can find to service US clients). I'm only 27 trades in, but it's not looking too good thus far. -3.7% of the account gone in less than a week. As said I'm using ECN and also a VPS with just 7ms latency. Hoping I just started on an off-week. I'd like to give it at least 100 live trades before making a decision on whether to continue with it... we'll see.
Watching your comments and I see often say the strategy will not? So since when is the support break and resistant? Slippage always was present for limited the slippage they already need a vps as a forex vps with ping 1 ms max only execution direct watching a good broker that accepts the scapling as activtrade after how many pips the stop loss are in the robot? You knew that when there was a big break the robot will be powerful then if the strategy and still the same I understand why in the future the broker will change things if we win they also wins and if one has a big profit they will win even more so explain me specifically why you said that strategy will work more?
Could I ask that everyone posting performance here tell us what risk setting they are using. This EA has two (long and short) risk settings (three modes: conservative, normal and aggressive) per chart. Naturally, live/real money accounts are preferred over demo accounts. With that said here is my demo account using all conservative settings. Account is with Global Prime. Global Prime is known for it's transparency and for having it's demo and live accounts exactly the same. I plan to go live with this Jul 1 (conservative settings). Also, no one here has mentioned the 10 lot limit on the EA without paying more money. Personally, I find this kind of up-sell repugnant.
JFD Broker is not good! Ihave tested it with Goldbull Pro. The Commissions are to high! GoldBull works automated ind EURUSD/GBPUSD and USDJPY For one Lot GBPUSD you pay 7.- Euro Commissions! Yesturday GollBull make 480.98 EUR plus, Commissions was total 201.81 EUR! Profit = 279.17 This is very bad. Now i go back to Admiral Markets, OCTA FX Broker should be good.
Well. Based on the performance metrics of this live account I'm watching https://www.myfxbook.com/members/GoldBull_Pro/goldbull-pro-live/1229593/mYUG1RsrawmqfnbMFKVb it seems like an aggressive setting trades 0.75 lots on a $1300 (roughly) account, i.e. 75.000 units (assuming 1 lot=100.000 of base currency). On that account size, you're using roughly a leverage of x57 per trade - way overleveraged as far as I'm concerned. Two open trades at the same time and you could get a margin call on 1:100 account. That is an unlikely event since the EA scalps for mere seconds, but it could happen. Imho you're looking for trouble but then again what do I know... the EA has made an impressive 93.8% last month on that broker, most likely on aggro settings. Btw that performance has not been replicated elsewhere to my knowledge, does anybody know if this Roboforex has superior execution, less slippage etc.?
AVERTISSEMENT SUR LE RISQUE ÉLEVÉ : Le trading de devises comporte un niveau de risque élevé qui peut ne pas convenir à tous les investisseurs.
Leffet de levier crée un risque supplémentaire et une exposition aux pertes. Avant de décider de négocier des devises, examinez attentivement vos objectifs dinvestissement, votre niveau dexpérience et votre tolérance au risque.
Vous pourriez perdre une partie ou la totalité de votre investissement initial. Ninvestissez pas largent que vous ne pouvez pas vous permettre de perdre. Renseignez-vous sur les risques associés au trading de devises et demandez conseil à un conseiller financier ou fiscal indépendant si vous avez des questions.
Toutes les données et informations sont fournies "en létat", uniquement à titre dinformation, et ne sont pas destinées à des fins de trading ou de recommandation.
Les performances passées ne sont pas indicatives des résultats futurs.