The Great American Broker Challenge
I had a notion. There are just 3 FOREX brokers left in the USA. Open an account with each one, finance each one with the exact same amount ($500.00 USD), then run an EA I have created on each account (same time period, same currency pair(s)) and monitor the results with a commerce explorer for each right here on FF. Exactly why an EA? Simply take the human factor out of the evaluation. You also know that each one the accounts have been treated exactly the same (from the traders standpoint). Any differences in results would be as a consequence of the broker rather than the trader.
The rules would be simple:
1. EA runs 24 hours a day 5 days a week when the markets are available.
2. No intervention is permitted during the week. The EA has to do it all.
3. Risk amounts are the exact same for each account.
4. No limitations on drawdown. If the EA sucks, it sucks till the account is wiped.
Minor edits to the EA would be permitted only on the weekends and has to be applied to each of 3 accounts the same.
Part of the driving force behind this is though I wish to exchange manually, finding time is nearly impossible and trading the daily charts is far too slow to my own style. This would permit trading on the accounts regardless.
I picked 500 USD as a starting point because I believe most accounts in america begin somewhere around that level.
I guess what I am looking for is whether or not there is enough interest and value in doing something like this. If there is, I have no trouble setting up the accounts and running the EA's from my server.
So, what is your view on doing something like this? Guidelines or any other rules you would like to view?
