newbie have questions about robots

[James Dealbert]

Originally Posted by david wood

also check out 4xrobots dot com site, it has a nice graphic interface and test most popular robots.

Thx a lot David and Paralotnik. I've checked both of this sites and both tests are made on Demo, which I strongly believe that is not reliable. That's the thing a like about that other site, forex-robots.com , they test robots on real money accounts. Any other sites with this characteristics?

rgds

James

[david wood]

Originally Posted by James Dealbert

Thx a lot David and Paralotnik. I've checked both of this sites and both tests are made on Demo, which I strongly believe that is not reliable.

This is a common mis-conception. There may be differences between execution on real-money and demo accounts (only with "scalping"-type robots!) but they are no more dramatic than differences between account on different brokers.
The reason is simple: the Forex market has no central exchange like the commodities or stock markets.
That being said, if a robot has a winning strategy it will most likely be good with any broker.

Oh, and those micro lot "real-money" accounts used by that site... they are treated by the broker exactly like a demo account. so them claiming to test on real-money accounts in no more than hype.

[James Dealbert]

Originally Posted by david wood

This is a common mis-conception. There may be differences between execution on real-money and demo accounts (only with "scalping"-type robots!) but they are no more dramatic than differences between account on different brokers.
The reason is simple: the Forex market has no central exchange like the commodities or stock markets.
That being said, if a robot has a winning strategy it will most likely be good with any broker.

Oh, and those micro lot "real-money" accounts used by that site... they are treated by the broker exactly like a demo account. so them claiming to test on real-money accounts in no more than hype.

David, I disagree completely. Demo and Real Money testing are really different, used with or without scalping robots.

The same can be said about microaccounts and demo accounts. I have runned parallel accounts with the same robots and the results have been completely different, try it and you will see.

[david wood]

Originally Posted by James Dealbert

David, I disagree completely. Demo and Real Money testing are really different, used with or without scalping robots.

The same can be said about microaccounts and demo accounts. I have runned parallel accounts with the same robots and the results have been completely different, try it and you will see.

I definately tried and compared micro account with "regular" demo accounts. The differences are due to the execution servers being different.

HOWEVER, and this is crucial, micro-account servers are un-monitored and do not ever dispatch trades to the "real" Forex market. They essentially run unattended in a closed loop - exactly like a demo account. I verified it with an aquintance who works at one of the large brokerage firms.

Therefore testing strategies on a "real-money micro account" is exactly like testing on a demo account!
No pros but actually one con: it uses ridiculously small trade sizes