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I have a few questions regarding autotrading forex through IB (started with ConservProfit), which I’ve been actively doing a few weeks now.
Slippage appears rather large, as in cumulative profits being about 80% of the profit listed on C2. One guess I have it’s that my account base currency is SEK and that it may induce additional conversions, but if someone has a different hypothesis or can point to information regarding this it would be appreciated.
C2 autotrading appears to leave some cash after liquidating positions, e.g. I had about 1000 USD, 16 CAD in my account in addition to SEK despite no positions being open. Is there some logic behind this?
As far as I´m informed IB isn´t specialized in FX trading anyways. So now that FXCM is gone a better option for FX trading would be Gain Capital I think (if you want autotrading). Though I haven´t got any experience with Gain Capital so I can´t comment on their service. A little research might be useful.
In general, use a broker for the instruments he is specialized in or otherwise you´ll have to take the downside of bad execution/slippage and/or high commissions. IB is good for anything but FX, that´s my personal opinion of course.