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Is demo a step before real trading?

  • #301
  • Sep 19, 2018 3:26am Sep 19, 2018 3:26am
Quoting Shane4
Demo is extremely useful for back-testing or preparing for solid strategy. It would be worthless if you're only focusing on how much you gain.
An interesting fact for the back-testing is, that if you back-test any EA with the Strategy tester, logged with a demo account and save the result, then you test the same EA, with same settings, with same pairs, same conditions and etc..., however logged with live account- the result on the Strategy tester will be different I don't know why, but same tests on live and demo occurs different results. Probably the charts are slightly different, so the back-test plays the scenario of the EA on a different way. I don't know exactly what is the reason...
  • #302
  • Sep 19, 2018 8:19am Sep 19, 2018 8:19am
Quoting DwainUK
{quote} An interesting fact for the back-testing is, that if you back-test any EA with the Strategy tester, logged with a demo account and save the result, then you test the same EA, with same settings, with same pairs, same conditions and etc..., however logged with live account- the result on the Strategy tester will be different I don't know why, but same tests on live and demo occurs different results. Probably the charts are slightly different, so the back-test plays the scenario of the EA on a different way. I don't know exactly what...
It has never occurred to me to check, how often have you seen this happening?
  • #303
  • Oct 3, 2018 9:37am Oct 3, 2018 9:37am
Quoting mlawson71
{quote} It has never occurred to me to check, how often have you seen this happening?
Almost on every EA, on every test. The difference depends from the EA working model. Additionally, when you test on bigger period- the difference is increasing Actually the difference is not too big, probably around of 2-3% difference in the results, but it is fact
  • #304
  • Oct 4, 2018 3:23am Oct 4, 2018 3:23am
In my demo account EA worked greatly, but when I kicked off real account I didn’t get result that was continue in demo.
  • #305
  • Oct 9, 2018 9:43am Oct 9, 2018 9:43am
Quoting AdamCrist
In my demo account EA worked greatly, but when I kicked off real account I didn’t get result that was continue in demo.
Yes, because there are some influencing factors like slippage, execution speed. In addition if your broker doesn't provide same conditions on demo and live + it is a Market Maker = the mission gets status "impossible"
  • #306
  • Oct 23, 2018 1:04am Oct 23, 2018 1:04am
my answer to this would be yes, demo account should be everybody's first step into trading so you know how to trade rather than doing a rookie trade and loose all your money.
  • #307
  • Oct 23, 2018 9:15am Oct 23, 2018 9:15am
Quoting redman25
my answer to this would be yes, demo account should be everybody's first step into trading so you know how to trade rather than doing a rookie trade and loose all your money.
People are likely to lose their first account either way, but learning on a demo account may mitigate those losses.
  • #308
  • Oct 24, 2018 2:41am Oct 24, 2018 2:41am
Quoting mlawson71
{quote} People are likely to lose their first account either way, but learning on a demo account may mitigate those losses.
exactly.
  • #309
  • Oct 24, 2018 6:16pm Oct 24, 2018 6:16pm
Of course. Demo trading you can test realtime your strategy. What means that you can get some experience when the REAL DAY COMES.

Is lot of things are different in REAL LIVE, but, if you cant manage yourself in a DEMO, how do you think you'll react in a REAL ACCOUNT WITH REAL MONEY?
The best way to figure it out is by backtesting it yourself
  • #310
  • Nov 5, 2018 8:50am Nov 5, 2018 8:50am
https://testnet.bitmex.com/
  • #311
  • Nov 6, 2018 8:41am Nov 6, 2018 8:41am
Quoting tunermw
Of course. Demo trading you can test realtime your strategy. What means that you can get some experience when the REAL DAY COMES. Is lot of things are different in REAL LIVE, but, if you cant manage yourself in a DEMO, how do you think you'll react in a REAL ACCOUNT WITH REAL MONEY?
That's a good point. If things obviously aren't working out on a demo, don't move onto a live account, they'll get worse.
  • #312
  • Nov 15, 2018 1:31am Nov 15, 2018 1:31am
Quoting redman25
my answer to this would be yes, demo account should be everybody's first step into trading so you know how to trade rather than doing a rookie trade and loose all your money.
According to me, for beginners should take pips school as a first step for minimum 2-3 times. Besides this community it is more appropriate to use demo or cent account.
  • #313
  • Nov 15, 2018 8:09am Nov 15, 2018 8:09am
i think a demo is very must for a beginner like me, first and most to test a system.
  • #314
  • Nov 15, 2018 9:24am Nov 15, 2018 9:24am
Quoting Submariner.
i think a demo is very must for a beginner like me, first and most to test a system.
When did you begin trading? And what platform are you using, if you don't mind me asking?
  • #315
  • Nov 15, 2018 8:52pm Nov 15, 2018 8:52pm
Quoting mlawson71
{quote} When did you begin trading? And what platform are you using, if you don't mind me asking?
hi mlawson71,
im using alparis platform mt4, and now testing a system since oktober 16th last month till now.
  • #316
  • Nov 16, 2018 9:29am Nov 16, 2018 9:29am
Thank you for sharing this! Keep testing your system, a month is not at all enough time to be sure that it's working well. I wish you success!
  • #317
  • Nov 18, 2018 3:40am Nov 18, 2018 3:40am
testing any trading system in demo is always supportive to avoid risk in live when trading , but this experience always works in a real account ? what you think ?
  • #318
  • Nov 18, 2018 7:37am Nov 18, 2018 7:37am
keep trying a demo account until you've mastered your trading system.
  • #319
  • Nov 24, 2018 4:11am Nov 24, 2018 4:11am
Quoting MeadeDevan
keep trying a demo account until you've mastered your trading system.
Of course, that’s the strategy! New traders always need to verify their trading skill by many parameters before playing with their real money.
  • #320
  • Dec 8, 2018 7:38am Dec 8, 2018 7:38am
While that's true there's also the issue that staying too long on demo gives a person a false sense of security. Dealing with the pressure of trading with real money can only be learned on a live account.
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