3.26.2011

IrisFX

I've started running IrisFX from EM Innovations on my live account about a week ago, and it is so far looking very good.

Actually, I've tested this EA on four different brokers and found it didn't work well on three of them. The EA is very broker sensitive. Because  this EA places stop buy or stop sell orders and wait for the orders to get filled, the bigggest obstacle for this EA is slippage. If the broker frequently slips, the EA doesn't work well.

With FxOpen, slippages always happened and the account just didn't go anywhere. With MB Trading, although the spread was extremely tight and the commission was fair, it slipped some times (not as bad as FxOpen, though). With FxPro, I don't know why, but the stop loss had been weirdly wider than other brokers. I guess something is wrong with the EA or the broker, but since such wider stop loss level was unnacceptable to me, I stopped using FxPro (more than twice the ordinary stop loss on other brokers).

It has made about 20% in about a week, and I know it's just too good to be true. I'll have to see how it goes in a long run.

No comments:

Post a Comment