I also learnt something else yesterday - quite interestingā¦
Iām monitoring my Zulu traders on my demo ac because here Iāve not restricted them to one trade per currency so Iām able to see any averaging into a position at which time Iāll go into my actual account and close the trade - ie Iām taking averaging as a sign of weakness and taking my money off the table. I did some maths and even if averaging wins 9 out of 10 times (which I think is way optimistic) the one time it losses just wipes everything out so itās a no no for me.
But I also noticed something else - on my demo account a pending order kicked in - I was already up 32 pips and the pending order turned out to add another 24 - nice little earner for the day - just one problem! The same said pending order did not kick in on my actual account and was still pending - damn! I worked out that itās down to slippage - ie a demo account doesnāt suffer from slippage since itās not real money whereas my actual account didnāt engage the pending order since by the time it came to me the position had lapsed.
In future Iāll make sure all the demo pendings are reflected in my actual account 