Primeval-EA_FXCBS (By primevalea)
The user has deleted this system.
Primeval-EA_FXCBS Discussion
Jan 14, 2010 at 17:15
708 Views
1 Replies
Member Since Sep 04, 2009
879 posts
Mar 15, 2010 at 02:21
what do u think is the reason of the lousy performance on FXCBS compared to Alpari UK ?
Member Since Jan 14, 2010
449 posts
Mar 15, 2010 at 02:55
There are several reasons, the performance can also be much better than what the EA has shown on FXCBS:
1- The commissions consume a lot of profits, We now think a commission free is better with this Broker, spreads are just 0.8 pips more on a commission free account per currency pair.
2- We had some issues with the demo account, for example they renamed their currencies from 'EURUSD...' to just 'EURUSD', I don't know why it was EURUSD... at first and now they have decided to change it and the EA was not trading and missed several
profitable days, We had to remove the EA from the old charts and then add it to the ones once We found about this.
3- Alpari UK is commission free but the demos spreads are the ones of a PRO Account where the minimum deposit is $20,000 and minimum lot size is 3.0 (very risky for a $20,000 account!), their spreads for normal retail and micro accounts are higher.
4- FXCBS account has just been more unlucky with some trades that didn't appear on Alpari but it could have been the other way, it's just that results are different from one account to another, not all trades are the same.
So all these things resulted in a much worse performance for this account compared to Alpari UK.
We'll go live soon and publish results with real money using myfxbook too, our demos will also continue trading.
1- The commissions consume a lot of profits, We now think a commission free is better with this Broker, spreads are just 0.8 pips more on a commission free account per currency pair.
2- We had some issues with the demo account, for example they renamed their currencies from 'EURUSD...' to just 'EURUSD', I don't know why it was EURUSD... at first and now they have decided to change it and the EA was not trading and missed several
profitable days, We had to remove the EA from the old charts and then add it to the ones once We found about this.
3- Alpari UK is commission free but the demos spreads are the ones of a PRO Account where the minimum deposit is $20,000 and minimum lot size is 3.0 (very risky for a $20,000 account!), their spreads for normal retail and micro accounts are higher.
4- FXCBS account has just been more unlucky with some trades that didn't appear on Alpari but it could have been the other way, it's just that results are different from one account to another, not all trades are the same.
So all these things resulted in a much worse performance for this account compared to Alpari UK.
We'll go live soon and publish results with real money using myfxbook too, our demos will also continue trading.
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