EA sellers has two accounts , each the inverse of the other either at the same broker or another one. They publish the winning account but not the losing account, where they took the reverse trades of the winning account. Revenue from the EA they sell covers the trading costs incurred.
Brokers with very tight spreads, indicating that any trades are excel spread entries and nowhere near the market, will generate the lowest cost. Hence usually your Asian brokers will be used for survivalist and data snooping.
This will only really work on very small, $10 seeded accounts as incurring a $30 charge on two standard contracts will not be covered by the EA sales.
The first thing you must ask for in evaluating any performance or EA is whether the EA was used with an OANDA account. If not, it is almost certainly a survivalist bias exploit. Oanda only allows 20 accounts. Thus even if a person shows us an impressive real Oanda account , he must publish the other 19 accounts as well, with an explanation as to how these losing accounts helped him to finally see the forex trading magic with his one winning account.
Brokers with very tight spreads, indicating that any trades are excel spread entries and nowhere near the market, will generate the lowest cost. Hence usually your Asian brokers will be used for survivalist and data snooping.
This will only really work on very small, $10 seeded accounts as incurring a $30 charge on two standard contracts will not be covered by the EA sales.
The first thing you must ask for in evaluating any performance or EA is whether the EA was used with an OANDA account. If not, it is almost certainly a survivalist bias exploit. Oanda only allows 20 accounts. Thus even if a person shows us an impressive real Oanda account , he must publish the other 19 accounts as well, with an explanation as to how these losing accounts helped him to finally see the forex trading magic with his one winning account.