| NOTE : Setfile can be downloaded at the bottom of this blog |
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Bitcoin Wizard is a scalping type Expert advisor so differences in spread between brokers will greatly affect its performance. BTC spreads that exceed 1200 points will cause profits to get smaller and losses to get bigger So it is very important to get a forex broker with competitive spreads to get optimal results.
You can get a broker with attractive spreads through recommendations from the Myfxbook website.
| link to brokers that provide competitive spreads: myfxbook.com/forex-broker-spreads/ic-markets/2320,11817 |
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| ICM Test Account : myfxbook.com/members/sugifx168/bitcoin-wizard/10706824 |
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NOTE :
- Base on my experience on weltrade broker its very important to get good results during the backtest, that is the first sign that the broker has good potential for bitcoin wizard to work well. After that I did a live trade with the minimum deposit possible to see if there was a difference with the backtest and it turned out that the backtest and real trade showed the same results.
- There is an important thing I learned in the case at weltrade, when my profit reached 1500%, weltrade immediately took action by increasing the spread. It seems that almost all brokers have tools to monitor profits from their clients and cannot exceed certain limits, but I also don't know the maximum profit limit that will make brokers take action by increasing the spread.
- Make sure to monitor profits so that they don't exceed 1000$ per month to avoid attracting the broker's attention.
- Remember, brokers also want to make a profit and have limits that can be tolerated for their clients to get maximum profit.
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