Hi
I am currently running a number of EA's on my Pepperstone standard account, and am not dissatisfied with their service, but wondering whether I would be better off with an ECN?
All my backtesting is performed against Dukascopy data on an MT4 platform to give me 99% modeling quality. The results are obviously much more impressive in test than in live. I appreciate some of this is curve fitting to the data, but can't help wondering whether I would still be better off with an ECn account like Dukascopy where the live data would be more similar to the data i backtest with.
I am not sure my EA's are that spread sensitive. My trades are short term, but I am not scalping, so until I run an ECn in parallel with my live account I can't be sure. There is also the trade off with the commissions, and whether I make enough improvement in trading with an ECN to offset these. I also have rebates on my standard account, and because the EA's are profitable, this is just an added bonus each month.
Have any of you gone through a similar process? Was/is the ECN inc commissions more profitable to your EA's?
I mention Dukascopy as I use their data for backtesting and they seem like they have a good reputation and good commissions, but they don't have MT4, so I would need to convert my indicators and EA's to Jforex. Is this easy, have any of you had experience of this? Just wondering if it is worth it just to find out if it is worth moving to an ECN.
I am just a little wary of brokers that have both accounts ECN and retail. But happy to listen to other opinions on this.
I might add that I would like to have if possible...
leverage upto 400
lotsizes 0.01 - though this is less important.
thanks
Simon
I am currently running a number of EA's on my Pepperstone standard account, and am not dissatisfied with their service, but wondering whether I would be better off with an ECN?
All my backtesting is performed against Dukascopy data on an MT4 platform to give me 99% modeling quality. The results are obviously much more impressive in test than in live. I appreciate some of this is curve fitting to the data, but can't help wondering whether I would still be better off with an ECn account like Dukascopy where the live data would be more similar to the data i backtest with.
I am not sure my EA's are that spread sensitive. My trades are short term, but I am not scalping, so until I run an ECn in parallel with my live account I can't be sure. There is also the trade off with the commissions, and whether I make enough improvement in trading with an ECN to offset these. I also have rebates on my standard account, and because the EA's are profitable, this is just an added bonus each month.
Have any of you gone through a similar process? Was/is the ECN inc commissions more profitable to your EA's?
I mention Dukascopy as I use their data for backtesting and they seem like they have a good reputation and good commissions, but they don't have MT4, so I would need to convert my indicators and EA's to Jforex. Is this easy, have any of you had experience of this? Just wondering if it is worth it just to find out if it is worth moving to an ECN.
I am just a little wary of brokers that have both accounts ECN and retail. But happy to listen to other opinions on this.
I might add that I would like to have if possible...
leverage upto 400
lotsizes 0.01 - though this is less important.
thanks
Simon