Need Help Finding Right Broker for EA

Broker Discussion Forex Brokers
1

All;

I’ve been testing an expert advisor that shows very promising results. In Strategy Tester in MT4, I run the test using a 2 pip spread and 4 digit pricing, and get good results. When I switch from 2 pip spread to Current spread in strategy tester, the results aren’t so good.

So, based on those results, I’m guessing I need a broker with a 2 pip spread or less. And, it would have to be a fixed spread to attain the results I’m getting with the robot, right?

If so, looking for a broker who has this… I don’t understand much about commissions and pricing, but I am starting with a very small amount of money ($200) and am worried the commissions will blow the account before the EA does.

Any thoughts?
PipTomITrust

3

Hotforex offers 1.8 pip fixed spread on EURUSD. Check their fixed account spreads to see if they fit your EA https://www.hotforex.com/hf/en/trading-products/fix-spreads.html

4

Wow, that’s certainly a much bigger spread than I’ve ever paid, on EUR/USD. That’s actually nearly [I]twice[/I] Oanda’s typical RTH spread on EUR/USD.

Not [I]necessarily[/I] (depending on what spreads the robot is allowing for): for example, spreads that vary between 0.8 and 1.2 during RTH are clearly going to work out [U]hugely[/U] better than a fixed spread of something as big as 1.8 - with the extent of the “hugely” being in proportion to the trading-frequency, aren’t they? :wink: