Another OOPS on my part
I took the time to look more closely at my trades from last night and see that I missed a Forex MegaDroid trade.
On my FxPro demo account MegaDroid made a trade:
Buy .1 @ 12:37a @ 1.33970, Sell @ 1:58a @ 1.34031 for a profit of $6.10
On my FastFX demo account it traded:
Buy .4 @ 1.3398 @ 12:37a, Sell @ 1:59a for 1.3403 for a profit of $20.
Buy .4 @ 1.3391 @ 1:16a, Sell @ 2:03a for 1.3406 for a profit of $60.
That means that my Mega Droid is up $126.10 over the past 8 days and FAPTurbo is heading down faster then originally believed.
A couple things to note: 1) Forex MegaDroid is loaded on my FxPro and FastFX accounts. FxPro consistently have spreads in the high teens while FastFX spread is 2 pips, this is why I put the Droid on both accounts. 2) Since MegaDroid is on my FastFX demo account FAPTurbo long term is not running. This coud certianlly effect FAPTurbo profit/loss. 3) I had a number of open positions on my FxPro demo account so Mega Droid trading may have been effected by the available margin. Both demo accounts are set up with $5000.
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April 7th, 2009 at 3:24 pm
I really appreciate your making these tests available. Hope you will continue.
Curious about your comment on spreads. As I understand it, Droid only trades EUR/USD. I have been using FXPro for a month now and have never seen that spread greater than 3, it is almost always at 2. Am I missing something?
Thanks
April 7th, 2009 at 4:10 pm
I may be confused, it often happens, but on my chart it lists digits: 4 or 5 depending on the broker then spread. FXPro is now 20 and FastFX is 2. I’ll post images I just took.
April 7th, 2009 at 4:55 pm
Oh, I understand. FXPro shows 5 decimal places on EUR/USD, so .00020=2 Pips=$20. Anything in the teens would be an advantage in an actual trade, as you would gain single digit dollars, e.g., .00018=$18 spread.
Please keep us informed on Droid and FAP. Thanks again, and I wish you successful learning and trading!
April 7th, 2009 at 7:41 pm
I learned something. I was not taking into consideration the 4 vs 5 digit quotes. I often see spreads of 16-18 on FXPro.
Thanks for the comments and help.