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The Forex Edge by James Dicks

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CHAPTER 28EA DEMO VERSUS LIVE

For someone who has tested EAs, I can tell you there is a lot to know, and it requires lots of patience. We have discussed EAs in previous chapters. Here I just want to cover some of the thought processes behind using the EAs in a demo situation versus a live situation.

EAs will trade very differently on a live account versus a demo account, and these differences are what I want to talk about. Brokers are not all created equal. The first thing you are going to want to do before you start using your EA on a demo or live account is to ask your broker who provides the MetaTrader software it uses.

Some companies are not as honest as others. I will leave that up to your Google searches if you want to know more specifics ...

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