Same Setup. Same Parameters. Different Results. Why?

[Phoenixtrader]

So I've been thinking lately how two traders take the same setup, the same lot size of leverage, different platforms and ended up with different results.

But what could be the cause of that? Could it be fees, excecution, timing that has a major role?.

Thought about this could I'm in a trading group and a setup was dropped, different folks took it on different platforms. Same parameters but result differed, one even had SL cos of spread etc. so what's the reason?

[Oshosondy]

What is the names of the exchanges?

Most exchanges will have similar outcomes if it is true that the two trades have the same leverage.

I am using three different exchanges but I have not seen this before.

Or you mean different but similar results? This should not be strange to traders.

[shinratensei_]

You might not know that even with the same pair, if you are trading on different platform the chart will be slightly different because the liquidity and orderbook is not the same. If in exchange A the local top is 0.11 for example maybe in exchange B with lesser liquidity the local top could be only hitting 0.1090 etc. If you want the same result you should use the same platform.
Sometimes, there's flash squeeze in a market with lower liquidity because there might be an ongoing manipulation.
In a nutshell, the outcome is different because the market is different. You can't count on the same strategy if the environment is different and expect the same result. This kind of thing happened too often when I'm trading new coins. Even binance alpha and binance spot price could be different, y'know.

[GreatArkansas]

You might not know that even with the same pair, if you are trading on different platform the chart will be slightly different because the liquidity and orderbook is not the same. If in exchange A the local top is 0.11 for example maybe in exchange B with lesser liquidity the local top could be only hitting 0.1090 etc. If you want the same result you should use the same platform.
Sometimes, there's flash squeeze in a market with lower liquidity because there might be an ongoing manipulation.
In a nutshell, the outcome is different because the market is different. You can't count on the same strategy if the environment is different and expect the same result. This kind of thing happened too often when I'm trading new coins. Even binance alpha and binance spot price could be different, y'know.

Yeah, this might be the reason, too. The trading volume might be different if the gap is extremely high or low; then, for sure, there are really different results, especially when an exchange has extremely low liquidity pairs.

Might be good, OP will share more details, for example, trades or pairs, much better if he provides these exchanges used.

[Hatchy]

Thought about this could I'm in a trading group and a setup was dropped, different folks took it on different platforms. Same parameters but result differed, one even had SL cos of spread etc. so what's the reason?

Haven't you heard of brokerage? Different trading brokers offers the market to you at different fees.. Some have wider spread than others but comes with other benefits..you just have to find that which you are very much used to.

Also you should know that no two trader can trade the same way. You can have same setups, but the results being different is solely because we have different psychology about the market. How trade A would react when the same setup goes into loss or profit would be far different from how trader B reacts when in same position..

[maydna]

Emotions and also other things can interfere decision taking. Two traders don't have the same controls over themselves so that could making them have different decision when they end up their trading.

Timing can also affect on their trading, they will have different target profit they wants to take, that will not makes them have the same time closing their trading.

Don't forget about greediness as they can losing controls if they see the profit becoming big.

[Alpen]

So I've been thinking lately how two traders take the same setup, the same lot size of leverage, different platforms and ended up with different results.

But what could be the cause of that? Could it be fees, excecution, timing that has a major role?.

Thought about this could I'm in a trading group and a setup was dropped, different folks took it on different platforms. Same parameters but result differed, one even had SL cos of spread etc. so what's the reason?

I had a similar situation recently. At my partner's request, I set up my trading bot for him via API. We have a financially trusting relationship, so he has access to my wallet on Cryptomus. He was really unpleasantly surprised by the difference in profit. We started digging into it together—same algorithm, same settings. The spread was eating up his profits; his was wider. And where the bot closed my trades at breakeven, he ended up in the red.

[slaman29]

Not sure about leverage these days, assuming that means you work without orderbooks? For reg orders, you would generally get different closing nets for sure, maybe as a result of orderbooks and differently filled orders but that should be very very tiny, and even quite rare, unless your order size is huge.

Can you share the precise trades and platforms? The spread probably explains it... but S/L getting hit suggests a bad setup for the platform reqs?

[Zaguru12]

Can you share the precise trades and platforms? The spread probably explains it... but S/L getting hit suggests a bad setup for the platform reqs?

Seriously OP needs to share more information because I don’t understand the different result that OP meant, does he means that everything in the set up was identical from leverage, position size and the rest but different exchange only and the result is actually different like one trade in one exchange ran to profit and the other exchange ran to loss, if it’s this then I will say it’s definitely wrong and I have never experienced or even heard of this before,

Things I know will be different is that regardless of the set up details been the same the order book usually causes slight changes in price as explained by some post and as such even if you set profit target as same price on the two exchanges it will both trigger at different times and this is also same for Stop loss, so if the OP is actually experiencing this then it’s nothing to worry about

[rat03gopoh]

You need to mention:

• What market are we talking about?
• What platform?
• How much difference do the results make?

I wouldn't speculate too much without a clear indication; some of the issues are purely predictable, unless there are platforms with a lot of inherent issues.

[BitMaxz]

It looks like the one exchange you use has low liquidity and experiences slippage.

If you use a new exchange, you can expect poor trading results; instead, trade on an exchange with a high trading volume, such as OKX, Binance, or any other well-known exchange with a high volume.

Avoid trading on new exchanges, as you are likely to encounter a huge gap when trading unless you're targeting a huge move.

[SamReomo]

But what could be the cause of that? Could it be fees, excecution, timing that has a major role?.

Timing plays a very important role, and I believe that might be the reason why different people with same setup had different results. There's also chance that the ones who were in loss might use a bad broker or a fake one pretending to offer genuine services. However, again I believe this could happen mostly because of timing or maybe because of fees as well.