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Old 2008-12-01, 01:00 AM   #1 (permalink)
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Lightbulb IMPORTANT: Quick Stats - Why don't the balances match on the stats for live accounts?

For any Forex robot that is being reviewed on a live account, there WILL be a balance discrepancy between the posted statements and the Quick Stats figures.

WHY?

Well, we obviously don't start live accounts with $5,000 (that would be crazy and very expensive!) We start live accounts with smaller balances, such as $50 to $250, and on MICRO or MINI accounts. However, since we start demo accounts with $5,000, it would be tricky to put comparative balances in the Quick Stats.

Therefore, on LIVE accounts, we MULTIPLY the balance to SIMULATE a starting balance of $5,000.

Example:
A live account has a $50 starting balance.

5000 / 100 = 50 (Our $50 starting balance)

Therefore, in the Quick Stats, we will take all figures from the statement and multiply them by 100.

So if a LIVE review has a $10.00 profit, it will show as a $1000 profit. (10 x 100 = 1000).
Therefore, you can compare the performance of each robot review to other robots.

If we did not do this, then there could be a robot which was performing exceptionally well, perhaps $10.00 per day (which would be the same as $1,000 per day on a regular account ), but you would not see it in the Quick Stats because it was on a live account at a smaller lot size.

The statements included in the review thread, however, are always the actual figures.
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