IG and PRT Demo results not the same.
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I’ve been testing various demo strategies with PRT on my IG Demo account since mid January but I noticed today that things do not seem to be adding up the same on my ‘My IG’ page compared to the PRT results. So I exported all the trades into Excel and checked it out .
I subtracted all the overnight fees and interest from the IG total so it should be the same as the total shown on the PRT ‘Detailed Report’ but it was miles out.
I then noticed that the PRT ‘Detailed Report’ only showed trades from 12/2/2018 whereas IG showed trades from 07/02/2018.
So I reworked the calculations removing the extra data and there was still a difference – much smaller at just £310 but still a difference.
So first of all I don’t understand why the PRT and IG totals do not add up the same and secondly I don’t understand why the PRT ‘Detailed Report’ misses off the first week of trading? It is not a very detailed report if a whole week of trading is missing from the results!
Can others please check their accounts and see if the start date on the PRT ‘Detailed Report’ is the same as the start date for the first trade in their IG demo trading account?
These sort of errors make analysing strategy and portfolio performance quite difficult.
I had the same experience.
The P&L amounts from IG differs from PRT.According to PRT reports I should have earned £120 more than according to IG reports.
These were on live account!
I queried this difference of £120 some months ago with IG. Small differences on every trade that one’s eye will not catch immediately but they are there and they all add up.
The amounts a queried was on CFD on Indices and did not include any dividend or interest etc. Purely the amount stated as profit or loss.The replies I got from IG ranged anything from the difference in time zones to that their systems is not on the same platform to some other lame excuses which was laughable.
My other post on the same topic.
https://www.prorealcode.com/topic/ig-vs-prt-differences-in-profitloss/1 user thanked author for this post.
Yes, unfortunately, the 1500 limit also applies to the overview tab, it does NOT show every trade that’s been placed (unless it totals <1500). Basically each instrument is limited to 1500 including if you select “All Instruments” (this is also classified as an “instrument”) so in this case it also counts back to the last 1500 trades (across everything) and displays them. Therefore, I find it more useful to select an individual instrument to view the results as that will always have more history going back further than “All instruments” will ever display.
Eg. if in your account you have 1000 trades in the DAX and 1000 on the DOW you will only see the last 1500 trades across both if you select “All Instruments” but if you select DAX or DOW individually you will see the entire history from the first trade to the last.
But this also means, as you rightly point out, that the overview tab becomes less and less useful as it doesn’t give you a full picture of your trading on a portfolio basis. Why PRT don’t lift this restriction is beyond me because as we can clearly see they have all the trade data already to hand ! Seems like a pretty simple software coding fix which requires minimal work but could provide PRT users with potentially a lot of useful info, no brainer really.
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@ Grahal. If only that were the case ! I know this thread started talking about the demo platform but whatever we’ve talked about above is also applicable to the Live platform, same drawbacks/issues.
Demo platforms having reduced functionality (and as we can all verify, they do) we can live with somewhat, although not ideal. But the Live platform also having those same problems ? Well….. that’s pretty much unacceptable in my view.
A topic for another thread, but in my view a Demo platform should be an EXACT copy of the Live minus the plug-ins that execute live trades, connects to the dealers/exchanges and moves actual cash around. Otherwise what’s the point of a demo if it doesn’t resemble live ? When you test drive a car from a dealer and like it and want to purchase, the dealer then doesn’t go “that’s great, we’ll give you the exact same car but it’ll not have a steering wheel, stereo or lights but the bulk of the car (95%+) will be present, so you should have the same experience…..” 🙂
Appreciate I’m being oversimplistic perhaps and there is more coding between the two platforms than we realise but the principle is valid.
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