in here i will give some advise for people who start to use an EA on a live account.
what if different compared to demo.
1. on a demo account your trades always get closed without any problem.
on a live account this will not always be the case. manually you can close the trades without any problem on a live account. however on a live account using an Ea suddenly orders wont get closed at all. your Ea hammers. but will skip it or close it at a wrong price.
2. opening orders. i cant imagine how many times the Ea wants to open a trade on a live account, but not allows it to happen. while manually the trade on the live account can be opened easily. using an EA is suddenly a problem.
on demo account this is never a problem.
3. the biggest problem of all. the main server of your broker is down for your live account. while your demo account main server is still fine,the Ea cant open or close any trades. however your demo account server is still working. why is this?
no idea.
happened to me 2 times.
4. price data of your bar on demo account does not match the price data of the bar on live account.
happened to me 1 time. eurusd was 1.31.80 on demo account. but bar on live account didnt get higher then 1.31.75
at 1.31.80 the Ea should have closed my buys. however since on live account it went to 1.31.75 my trades were not closed so had to do it manually.
so beware, when using an EA on a live account. make sure your EA has a safety build in for these problems that can occur.
if your EA does not have anything build in it to workaround these problems. you can get into huge problems.
i learned this the hardway,
hopefully this information will help other people who want to try an EA on live accounts.
also if any other problems have occured for people using an EA please let me or others know in this thread.
thanks.
what if different compared to demo.
1. on a demo account your trades always get closed without any problem.
on a live account this will not always be the case. manually you can close the trades without any problem on a live account. however on a live account using an Ea suddenly orders wont get closed at all. your Ea hammers. but will skip it or close it at a wrong price.
2. opening orders. i cant imagine how many times the Ea wants to open a trade on a live account, but not allows it to happen. while manually the trade on the live account can be opened easily. using an EA is suddenly a problem.
on demo account this is never a problem.
3. the biggest problem of all. the main server of your broker is down for your live account. while your demo account main server is still fine,the Ea cant open or close any trades. however your demo account server is still working. why is this?
no idea.
happened to me 2 times.
4. price data of your bar on demo account does not match the price data of the bar on live account.
happened to me 1 time. eurusd was 1.31.80 on demo account. but bar on live account didnt get higher then 1.31.75
at 1.31.80 the Ea should have closed my buys. however since on live account it went to 1.31.75 my trades were not closed so had to do it manually.
so beware, when using an EA on a live account. make sure your EA has a safety build in for these problems that can occur.
if your EA does not have anything build in it to workaround these problems. you can get into huge problems.
i learned this the hardway,
hopefully this information will help other people who want to try an EA on live accounts.
also if any other problems have occured for people using an EA please let me or others know in this thread.
thanks.