Strategy Tester: Biggest problem
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Many Buyers are disillusioned with the EA's that they buy. The reason why is that the correct results are not shown.
There some Stock Brokers that have 0 spreads but charge per trade. There are some that charge spread but not per trade. The one's that has no spread is always favoured, that is why they are always on the top of the list of Stock Brokers that provide the best exaggerated results.
eg. Total net profits: 14657
Trades done: 3992
Stock broker 1 (0-Spread,$7per trade). 3992*7= 27994
Results" 14657 - 27994 = -13337 *NB. leverage 1:1. To compensate for the loss the leverage has to increased but then the drawdown is massive. That is why trades will be out of money very quickly.
Stock Broker 2: charges spread. So that must be included in the results.
That is why many EA's buyers is disappointed
*NB: The only way for this to be corrected is that it must made compulsory for all EA's to include a file for commissions to be paid. Those must be altered because all stock Brokers have their own commission system.
It extremely important for the Service Desk to provide the possible outcome for Buyers. In such a way the correct performance graphs will be shown on their websites.
Also to test the EA must be done on the Buyers Stock Brokers platform because the demo platforms does not include commissions.
Don't forget these EA's were created in selected markets in the beginning but because it has gone International, the EA's must be accommodated for all markets. To include such a module can't be that difficult. It must be made compulsory.