Saturday I was worried about a position left open for the weekend.
Last night, 25 minutes after the opening of the Tokyo Stock Exchange, closed with a 30 pips, which resulted in a gain of 2.77 euros.
I noticed that a position between Yen and Pounds was left open. It was midnight, both the London and Tokyo market were closed. This position will be left open for the weekend, since it is not possible to close it: the market is closed. (Makes sense: who will buy the currency?)
Now there is a 14 pip gain, that means 1,31 euro, what will happen on monday? Usually, in the demo account that I managed for about two months, I saw that on monday morning the market is unstable, goes up and down like on a rollercoaster, not very funny.
Moreover, has been invested a microlot, that means 1000 pounds, but using a 100:1 leverage. That means that the broker used 10 pounds to buy 1000 pounds. To keep, the position on hold for two weeks, the broker will pretend some commission?
I’ll discover that on monday.
I am at the end of the first week of the experiment.
The results were a little different from those I had obtained in simulation, as it had not been taken into account service fees and delays in order execution. In fact it is said that a few milliseconds will cost up to 100 million a year to a professional broker.
Here’s the chart for this week, also visible on my profile:
Last night, some positions in ZuluTrade were closed in a negative trend. What a pity!
Unfortunately the system has executed the close command with a slight delay, changing the result
This is what would have been:
This is what happened in my account:
The system opened 3 positions instead of 4 for my mistake: I put a limit to three.
The phenomenon of slippage has caused a loss of 49 pips (-0.049%) instead of losing just 2.6 (-0.0026%)
This is because the signal provider uses FXDD as a broker, and I use AAAFX. The delay of communication between the two has caused this small loss.
However, delay does not always result in a loss: for example, sometimes has a positive trend and on average is not a big hassle.
After experimenting for about a couple of months with the demo, I am now live on ZuluTrade. How will things go? I’ll let you know in this blog.