Hi All,
First off I looked at the results of the Active Live account which had been running for 9.1 weeks and thought this looks OK!
I then looked at the price and thought, 'that looks cheap', so decided to give it a go!
I purchsed it last Friday Jan 7th!
I then loaded it onto three platforms, all trading EUR/USD!
I am trying the their recommended Think Forex broker on Demo, so far without a single trade
Mt4 Demo (no broker) with lots set at 0.01. It started trading yesterday (Wed). So far there have been two closed trades (-£4 79) and there are at this moment six open trades (one Sell, Five Buy) showing a profit of £7.56.
Because I liked the Live account results, I have taken a chance and I am using it on a Live account, with Forex.com!
I have set the lots at 0.02!
It started trading yesterday, the same as the MT4 demo!
Not the same results though!
So far it has traded eleven times!
The first couple of trades closed trades were losses (-£7.35) and there have been the closed profit trades (+£3.09)
It has been 'riding the tiger' today and has opened seven trades!
One has been closed at + £1.64 and at this moment there are six still open, all showing a profit. The profits range from £0.25 up to £79.33, for a total of £109.69. Obviously, these could end up lower, or maybe higher!
This is a clever piece of kit!
The trade it closed today, had other trades which were opened, before it was opened and some which were opened, after it was opened.
Nowhere does it show a S/L or TP!
The Active Live account has not traded exactly the same as my accounts!
My conclusion is that results vary widely between brokers. So one trader could say it was crap and another could think it is the best thing since sliced bread!
PS. I just took another look and open position profits are now up to £120.00.
I wiil keep you posted on the results of these trades.
*************************
Latest on Think Forex (recommened broker).
Today it has opened it's first trade, which at this moment is showing a healthy profit.
In a later post Fxelfin states, how unstable, 'three different results on three brokers'.
It is a fact that you will NEVER get indenitcal broker results trying to match brokers!
Even if two people are using the same broker on different computers, it is unlikey that they will trade exactly the same, (different connection speeds etc).
I sometimes have three brokers MT4's open at the same time and it is very rare that the prices match exactly. In extreme cases I have seen as much as ELEVEN PIPS difference in price ranges at the same time.
What Fxelfin should really be looking at is, that all three platforms are at this moment showing healthy profits!
