Hey fxDreema enthusiasts,
I wanted to take this forum as a chance to elaborate on my latest findings about "HFT" EAs. I know that this term is not used in the correct way, however, an EA that trades every tick trades in a high frequency - so you want to live with that term.
I saw this YT video and thought I want to give it a try instead of paying 1000 USD. The logic behind is very simple and obvious, hence I recreated it with our beloved software (be blessed fxDreema - you are my favorite software and I am impressed every day that I use it). Actually I created an advanced version that can do a lot more - never mind.
https://www.youtube.com/watch?v=GhRwsoDssLk
I started backtesting --> it looked too good to be true
I started Demo trading --> it looked still fantastic
I started Live trading --> a nightmare
The money was wiped six times faster than in backtesting and Demo. For the simple reason that in backtesting and Demo you have a real live stream of data, but the Broker (at least IC Markets) does not provide those prices to you. I fact, the provide the next available price, which is never in you favor.
So that makes me question at once the video, but also of course if so called "HFT" EAs make sense at all --> at least not this strategy and not with IC Markets.
Here is the official statement of IC Markets which I got as I told them, that the losses of the trades do not fit to the orders that were sent by the EA.
IC Markets: "However on live trading accounts the SL is the triggering price and it is closed on the next available price which can be different due to slippage."
Further: "IC Markets offer its clients with a market execution model. This means all the trades are executed at the first available price received from our hedge counterparties once an order has been triggered. As we do not have dealing desk intervention, we are not involved in creating the prices that we show you. Thus, are not able to offer guaranteed executions exactly at your requested prices, we are simply streaming the prices that we receive."
For your understanding... instead of max. expected losses (due to fixed SL) which was 1,82 USD the EA realised up to 4 USD on a regular base. In Demo and backtesting the losses were 1,82 USD max but usually much lower.
For a lot of you guys that might have been obvious, whilst for me it was a learning which I wanted to share. As those topics are also found via google - I hope it can help not to waste the time of one or the other EA builder.
Have a nice day