Trading Results

Why not everyone has exactly the same results even with the same Forex robots in the same period?

I have been asked a very important question and I want to post it here, for I think some of you may be asking this also.
A reader have seen that in a given week almost no trades have been made, at the same time it is possible to find people writing in blogs having had trades in these same days with, say, robot XYZ, the same we stage here at Forex-Robots.com So, how can it happen that different people get different results at the same time with the same Forex robots?

This happens due to several factors:
First, minor factors (sometimes not so minor): different brokers may send discretely different information (price ticks) to the terminal where the robots operate, this due to policy, speed of reaction, spread or whatever, so a price might be reached in one terminal and not in the other, and this may make a difference and trigger a trade only in some terminals and not in others (even with the same robots). This is also true for the accumulated history. Robots’ algorithms use history data to decide about trades. In a terminal where large data is stored the trigger might be earlier in comparison to the terminal that has been just started.

Now the major factors: Of course different setting in robots affect their behavior (we use only vendor-recommended settings). Another major: Forex robots have money management rules, and they go to a preset risk, if they have a trade open, they may refuse to take another, even in the case that they have been programmed to take more than 1 trade at the same time. Huge floating losses may dictate that for the moment no more trades will be taken. So opportunities for trade may be missed in the name of risk management. And a robot who didn’t take the previous trade for any reason as explained in the minor factors, now may be free to take the opportunity, the robot that took the previous trade may be busy carrying a loss and waiting to transform it in a profit, for the meantime he won’t take another risk. In addition, some people may manipulate some trades and decide to close manually, so the robot is free for another. Or they may decide to switch it off during important news to avoid risk. Or the robot may have been off for any reason. In an ideal world all the robots will be synchronized and exposed to exactly the same environment, but this is not true. It can be argued always, if only my robot didn’t take that fateful bad trade it could now be making a lot of pips! But the opposite is also true when it does pips: What a luck that now it’s free to trade.

So, can the experience at Forex-Robots.com tell us something?
Yes, this variability occurs for good or for bad in every robot, but the mean growth on the long period will correct this.
It is like saying how much food you eat. Last night I ate too much in a party. But it is not representative of my habits. If you want to know how much I eat, look at my mean daily food consumption, let’s say, the daily mean of a year. That is representative. Same here.

Now, just for information, at Forex-Robots we do not close trades, we neither close them before important news to avoid risk, we just let them work free, for good or for bad, we let them show their real personality in front of the cameras. For us it’s always good, as we want to give information, whatever it will be it will be good to know.

I hope this answers this excellent question.