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Old 2008-11-23, 04:01 PM   #2 (permalink)
PipCop
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Trader for 2 - 4 years
Location: Sterling, VA, USA
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Here is something else I have learned after running all of these reviews.

If you decide to purchase and/or run an EA, you should do it on a demo account first, and you should compare your results to those of the author's live results.

I have found that in many cases, then EA performs differently on my platform due to errors in setup. Therefore, you may find that the author makes 5 trades one day, and makes $100 profit, but your version makes no trades, or loses money. and is making trades at a different time. This can be due to differences in the data feed (brokerage) or the time zone you are using.

By testing on a demo account first, and ensuring the settings being used are proper, you can protect your capital. Once you are sure everything is working right, then put the EA on a live account with the same brokerage and settings.
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