In general, you should look for a broker which is regulating in Europe and offshore at the same time, higher safety. I’m personally using Darwinex but considering your strategy, check this solution, don’t rush with live account, it is easy to lose cash, if your strategy is profitable you will get your profit, the market will verify all trading aspects. Consider use VPS in algo trading. Good luck
What is EA?
It use 2 techniques Martingale + Hedging or Scalping + Hedging.
You cannot afford to lose this 10k and you’re using Martingale as a technique?
Why don’t you just donate your money?
I cannot afford to lose by getting scammed by forex broker.
Not pure Martingale, it mixed with Hedging and news filter.
Good luck. I don’t mean to curse you, but I’m sure you will lose it all very soon.
Ten grand is not a lot, so take it as a lesson.
Cheers.
Still testing in Demo and Real cent accounts and still have not found a good broker to deposit the money. Probably I will start trading with a real account with $10,000 USD from March 1st.
I will share the performance report with you on the BabyPips forum for you to follow up. My system has not been well tested or proven, but I have some hopes after checking the results from the real cent account.
you are very brave, you don’t have back test only couple months demo/live test, your strategy is sensitive to brokers quotes or spread / fee, basically you don’t know final result and still you want to risk 10k with hope to earn cash, for me danger mix.
My EA cannot be tested on BackTest because it relies on real-time news data, and I am proficient in mathematics. The EA I am working on is inspired by a successfully trading account that grew from $1000 to $90,000 in a year. All the code of the EA has been written by me and a freelancer under my supervision.
I am regularly testing this EA on multiple Demo and Real cent accounts simultaneously to calculate everything. Currently, I am running 15 Demo Accounts and 8 Real cent accounts on 5 different Amazon AWS VPS to confirm and calculate everything.
I am not sure if I am brave or overconfidently stupid. Let’s see how it goes; either I will lose $5000 (50% Cut-loss as risk management) or I will finally have one sustainable trading system.
you have so much to learn, but from the beginning
real time news data doesn’t work in back test?
you can be proficient in math, but the technology has own rules
it doesn’t mean that something works in other hands will be work in yours.
you spent cash and effort to build that kind of EA and forgot about technical problems like speed on every field. Anyway, good luck
I have invested a lot into the EA, both money and time. I’ve paid several hundred dollars to several freelancers. I have already paid for a news filter that works in backtests, but the developer still has not delivered, and it is overdue.
You’re on a fool’s mission.
I told you how I can see it from my experience, you will do it what you want
I am following your topic and encountering the same problem.
For me and I think for you as well, considering that EA also uses Martingale, you need at least 100:1 leverage.
I am convinced that your EA has results on the demo, but when you switch to the real one, the fight with the broker will begin
If it is not an ECN broker, I think there is no problem of selecting it as a broker. (it’s like playing poker and the partner knows what cards you have in your hand if you use SL, TP or pending order or if you leave all the orders to EA, the other slippage techniques or non-execution of orders are used)
1 .If it says it is ECN and you start looking at the review, you will find answers to the review given by the broker with the motivation:
Your account is investigated from the point of view of behavior", here I am so-called ECN broker where in the best case you will withdraw money but only if you withdraw the profit a little and you will never be able to increase it from 1000 to 10000 and to take out that profit, in the best case you take your starting capital of 1000 and your account is closed with the motivation of trading behavior
The idea of making several accounts on the same broker does not work on regulated brokers due to the id in the database
2 ECN brokers that, as the people from ICmarket have motivated, you will still find them, scalping is allowed, instead they have defined pip hunting, witchcraft, why because they actually act like illegal casinos without well-defined rules
3 any ECN broker should be interested in those who do scalping because from a trader who does scalping he earns more than from any other trading strategy due to the large number of transactions made
4 An ECN broker that does not give you the opportunity to trade with high leverage is a broker that does not follow the interests of the trader, especially since they have this possibility even if they are regulated in a certain area once for professional traders or offering you the offshore version of the broker
(you will find a bunch of gurus on all the forums who give their opinion on high leverage, but most of them are like football spectators in the stands, they all know football, but they don’t even know how to tie their shoelaces)
5 brokers who manipulate news spreads
6 I also don’t think that an offshore broker is necessarily a crook
Choosing broker is one of the hardest task. What broker you use?
Not really…you’re just being overly-picky.
Sorry that I didn’t actually answer the question asked in the topic
Both ECNs
1 Fusion regulated in Australia but if you want higher leverage offshore from Fusion but beware very large swaps
I usually work intraday, but the positions that do not close at a profit until 22:00 London time I hedge them to avoid exorbitant spreads between 22:00 and 24:00 London time or closing on Friday or opening on Monday
2 Coinexx unregulated but from the trustpilot review it seems ok to me. Crypto deposits, short money withdrawal time, deposit bonuses, I will try it as soon as possible on a real account and come with an update
Why don’t you try the other options that I mentioned?