Quote:
Originally Posted by jerrycollie  Hi Rick,
Congratulations on the profit.
My Megadroid live on IBFX did not trade Thursday, although Apari and Gain showed a trade late at night GMT. So I had only 2 trades last week. I have shut down Friday. Will load Ver 1.1 and go live again Monday.
Be careful when you go live with your manual trading system. Keep in mind the brokers have their own robot that I call Pacman. When Pacman is not taking trades and doing his bookkeeping, he is deciding whether to raise or lower the price. Pacman has a list of stop losses and take profits. Pacman's job is to gobble up stop losses and avoid take profits. Pacman won't attack your position in a demo; but when you go live your stop loss becomes a target for a stop gunning exercise. Good luck with your system! |
My copy of MegaDroid V1.1 also did not trade yesterday (Thursday).
Broker robot called Pacman
thats a good one.
I am well familiar with the differences between demo and live accounts. I see it all the time. I am also familiar with broker
stop hunting and some brokers (hopefully, not mine) actively trading against us.
Take a look at this thread which is a wild variation in which the current price is extended upwards by broker to trigger a trade entry so that the trade can be quickly stopped out. And this maneuver occurred on my demo account. I checked the live account charts and they show the same thing so the same thing would have happened if I was trading a live account.
Rick