Ok there are some good brokers and some bad....will compare more in the last post! Took 10 points spread for comparison!
But what are the results worth with REAL spread in the best 2 brokers?
The price feed will differ between brokers. The ea trades pullbacks on breakouts during volatility, the orders will not get triggered at the same place between brokers. I have played with this kind of eas and tried to modify them. Sad to say it but live they will never work, slippage and requotes will kill it. If that doesnt do it the spread will, the spread filter only counts for opening the trades, not closing them.
Please consider how MT4 carries out its back-testing.
It must use historical bar data, but only stores the OHLC of each bar. It doesn't know how price moved within any M1 bar.
It effectively makes up the tick moves as it doesn't have any other information.
So when comparing brokers performance you are comparing how one broker makes up the tick data to another. No wonder the results vary.
The only way to test performance really is to run a forward test.
There is another solution but this would need you to modify your code. If you only make trade decisions based on the bar open price then you should see similar performance results. But spread and slippage will still haunt your results.
