EA use

Coolm

Newbie
9 0
From the same platform, I have two accounts [one demo the other live, with equal margin, I employ the same EA. Problem is the live one trades one currency pair, few trades, all shot. The demo, on the other hand trades a basket of pairs long and shot, needless to say its growing exponentially.

Let me confess that I might have contributed to this anomaly by unwittingly adjusting my trades on the live account [I would use trailing stops at times trying to protect my capital]

How can I correct this?
 

PieterSteidelmayer

Well-known member
283 54
Stop unwittingly adjusting live trades outside your operational parameters.

Stop using automated trading software.

Trade only your demo manually until you have achieved consistent performance without modification to your operational methods for a year.

Trade your live account manually. Do not tweak it, unwittingly or otherwise.
 
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Reactions: Solas0077

PieterSteidelmayer

Well-known member
283 54
You're trading your live and demo accounts differently and each with different FX pairs and you wonder why your getting different results?

All points in my prior post still stand, but if this post doesn't answer your specific concerns I'll let someone else have a go.
 

Solas0077

Active member
236 14
Trade your live account manually. Do not tweak it, unwittingly or otherwise.

Good advice. Just show this today in the price action lab blog where the author who appears to be a very knowledgeable trader recommends the same as in:

Fully automated systems for retail traders are like giving a race car to a 16-year old kid to go to school. Many accidents can happen along the way. If one cannot profit placing trades manually, the chances of profiting from automated trading are very low or 0.
 

Coolm

Newbie
9 0
Thanks Donald, for how long have you been using this robot?
 

vnathwani

Junior member
46 3
I think most EAs fail. I have tried many over years and not one has sustained results and most when winning do not mirror the demo account results due to fill issues. By all means try them but trade 0.01 lot sizes and google for the EA review
 

Pat494

Legendary member
14,564 1,549
I have demo and real account on MT5. Change periodicity on one and the other changes too.
The EA works well on demo but not on real. The min lot sizes differ. The real account the lot sizes are too large and quickly add up.
 
 
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