Problem, I am using same EA but results are very different ifrom old broker?do I adjust?

[Guest searl75]

Hi IG,

 

I am your new customer just trying to get things set up with your MT4 systems but I am having problems.

 

I and my developer have spent countless hours/days trying to transfer my EAs from old broker to your IG MT4.

 

Can you please explain the rules I need to program into my EAs to get the results I used to get, your measuring or system or something is different? 

When I program 1% risk on a 10k account it used to work ok losing 100£ on first loss, but with you I am losing only £13. Obviously the losses also affect the profits and need to make sense but this doesnt make any sense to me, please call me  (as I am overseas at the moment) or email reply to explain so I can resolve urgently? 

 

Below is the result from my old broker with same EA and exact same settings and your IG MT4 demo account... but giving very different results? (I understand the brokers data varies slightly but not 1000% as are my results differing)

 

Please advise, I assume this is a common issue?

[Caseynotes]

3 hours ago, searl75 said:

Below is the result from my old broker with same EA and exact same settings and your IG MT4 demo account... but giving very different results? (I understand the brokers data varies slightly but not 1000% as are my results differing)

 

Please advise, I assume this is a common issue?

Hi, you are correct, the IG demo account only shifts the resulting calculation 4 decimal places instead of 5 but when you switch to a live account it will shift 5 decimal places as does your other broker. I'm not sure why they do this.

From your posted trade history;

IG/

1.13538 - 1.13210 = 0.00328 x 0.4 = 0.0013120, shifted 4 decimal places = £13.12     

(shifted 5 decimal places = £131.20)

Other Broker/

1.13583 - 1.13215 = 0.00368 x 0.28 = 0.0010304, shifted 5 decimal places = £103.04 

 

[Guest searl75]

16 hours ago, Caseynotes said:

Hi, you are correct, the IG demo account only shifts the resulting calculation 4 decimal places instead of 5 but when you switch to a live account it will shift 5 decimal places as does your other broker. I'm not sure why they do this.

From your posted trade history;

IG/

1.13538 - 1.13210 = 0.00328 x 0.4 = 0.0013120, shifted 4 decimal places = £13.12     

(shifted 5 decimal places = £131.20)

Other Broker/

1.13583 - 1.13215 = 0.00368 x 0.28 = 0.0010304, shifted 5 decimal places = £103.04 

 

Thank you so much for making some sense of it, but why on earth would they (IG) have their systems (Demo vs Live) inconsistant, so no one can back test accuratley?

[Guest searl75]

19 hours ago, Caseynotes said:

Hi, you are correct, the IG demo account only shifts the resulting calculation 4 decimal places instead of 5 but when you switch to a live account it will shift 5 decimal places as does your other broker. I'm not sure why they do this.

From your posted trade history;

IG/

1.13538 - 1.13210 = 0.00328 x 0.4 = 0.0013120, shifted 4 decimal places = £13.12     

(shifted 5 decimal places = £131.20)

Other Broker/

1.13583 - 1.13215 = 0.00368 x 0.28 = 0.0010304, shifted 5 decimal places = £103.04 

 

If IG demo account measures differently to IG live account then which Companies demo account can I use to closely replicate IG live?

Many thanks, this is extremely frustrating!

[Caseynotes]

3 minutes ago, searl75 said:

If IG demo account measures differently to IG live account then which Companies demo account can I use to closely replicate IG live?

Many thanks, this is extremely frustrating!

To replicate the live it's a case of shifting the position size by one decimal place on demo, so for your example on the IG demo trade it would be;

                       0.00328 x 4.0 = 0.013120, shifted 4 decimal places = £131.20

instead of;    0.00328 x 0.4 = 0.0013120, shifted 4 decimal places = £13.12