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Doing the Infinity Forex Funds Algo 100K Challenge with the Trade Explorer Bot set on low risk, .2 lots. So far, so good, but I noticed a few things that I’m not sure if I should be concerned about or not. I recognize that it’s a prop firm that I’m dealing with, and they have an interest in the outcome of my trading, which makes things difficult, but that’s what you’re signing up for.
— A number of the prop firms tend to use Eightcap to do the evaluation, and this broker in the Bahamas seems to have historically high slipage and spread markup.
— I know spreads get higher when the market closes and after hours, but I noticed when trading EUR/GBP, the spread on the Eightcap brokerage at closing was 0.11% as opposed to two other brokers–one I have a real money account on and the other I have a demo account on–that were closer to having a 0.05% spread. Eightcap seemed to have A LOT of markup built in.
Is this something I should be concerned about or is this par for the course?
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Hi, I am also about to start a 100k algo challenge with IFF.
Be interested knowing from anybody who has used Eightcap on an IFF challenge and how it went, what issues there were if any.
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Using the FTMO EA’s from EAtradingacademy has a setting that keeps the EA from trading during times when spreads are high.
Alan,
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