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Optimizing Robot Strategies: Pre-Live Testing Steps
Is there any procedure or means to test a robot before lunch into live account?
i had been testing couple of EA on my demo account, but it not working. I need an EA that will work on micro account with lot size probably; 00.1
Idea's they said rules, I need an information on good EA, mostly that can work well on micro account. i will appreciate.
Is there any different between auto trading and Robot trading? If any, what is the different?
Testing your bot on a demo account is the way to go before hitting the live markets. It's like a test drive, making sure everything runs smoothly without risking your hard-earned cash. If you're struggling to find a bot that works well on micro accounts, which I totally get, look for bots designed for smaller trades, but keep your expectations realistic. no bot is a magic money machine.
As for the difference between auto trading and robot trading, auto trading refers to any method where trades are made automatically based on predefined rules or algorithms. This could be as simple as a stop loss or take profit order, or as complex as a fully-fledged trading system making decisions based on market analysis.
Robot trading is a specific form of auto trading that uses trading bots or algorithms to make trades. These bots are programmed with certain trading strategies and operate within the scope of auto trading, focusing solely on executing trades based on their programming. In short, robot trading is a specialized, high-tech subset of auto trading. All robot trading is auto trading, but not all auto trading involves robots.
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