If you play golf you know that you can give the same brand of clubs to two different golfers and their performance and results could be totally different. This is a perfectly logical scenario because golf is a game of skill and every player’s skill level is different.

Sure, a fancy set of clubs can help a golfer shave a few strokes off, but those clubs can’t take someone that usually hits a 90 and make him ready to take on Tiger Woods. Now apply the same scenario to forex robots and forex brokerage accounts. On the surface it would appear that you could run the same forex robot on two different brokerage accounts and expect the same results.

The reality is this isn’t the case and that might come as a surprise to many forex robot users. The strategy of running a forex robot on multiple accounts isn’t a new idea. In fact, it’s quite popular among traders that have found a forex robot that they enjoy. However, there are a plethora of reasons why the same forex robot can generate different results in different accounts and we’ll show you why that may be the case.

Let’s assume that you’ve done everything you need to do to make sure the forex robot’s settings are exactly the same in both of your accounts. Then you set your forex robot loose in a FXDD account and an Etoro account. After a few days you notice that one account is doing pretty well and the other’s results are just average. Or even worse, you notice the forex robot is shaky in one account and downright awful in the other.

One reason for this is that different forex brokers all have different spreads. Let’s say you’re trading the GBP/USD pair and the bid/ask spread at FXDD is 1.6566 by 1.6568. At Etoro the same pair may have a spread of 1.6567 by 1.6569. Yeah, that’s just two pips, but that can make a very big difference over time with your forex robot.

Check Your Computer

It may sound trivial, but another reason you may be getting different results with the same forex robot is your computer’s connection speed. If you’re using two different computers, make sure they are running at the same speed and have the same amount of memory. These are the kind of minor issues that you can’t overlook if you want your forex robot to generate similar results across multiple accounts.

Tweak The Default Settings

Some traders may think that it’s easier to just run with a forex robot’s default settings across two accounts and hope for similar results. Actually, it’s better to adjust the settings of your forex robot in both accounts. This may not lead to identical trades and performance, but it may bring the two accounts more on par with each other. Some forex robots may do well under one platform and underperform in another setting. And always remember to test your forex robot in live accounts

Author Bio: Francisco Pizarro G. made a career from Forex and left my profession as a Translator almost 4 years ago; since then I work from home in my small office trading the Asiatic markets during night time, where I found a good niche. I am a fan of Forex Robots

Category: Finances
Keywords: Forex Robots, Day Trading, Forex, Forex Brokers, Finacial Advisors, Expert Advisors