Introduction
Testing the performance of trading bots in live markets is a critical step to ensure the bot’s effectiveness before fully relying on it. Although theoretical testing and backtesting provide an initial idea, live markets reveal real challenges such as slippage, slow execution, and changing market behavior. By testing the bot in a real environment, you can accurately assess its performance and make informed decisions.

Benefits of Testing Bots in Live Markets
• Identifying the bot’s performance under real market conditions.
• Monitoring the differences between theoretical and actual results.
• Understanding the bot’s responsiveness to volatility and unexpected conditions.
• Detecting any errors in settings or the code used.

Steps to Test Bot Performance in Live Markets

1. Choose a Small or Demo Account (Live Demo or Micro Account):
   Start by testing the bot on an account with a small capital to minimize risks in case of errors.

2. Set a Timeframe for the Test:
   Choose a specific period (such as a week or a month) to accurately assess performance under various market conditions.

3. Monitor Executed Trades and Analyze Their Results:
   Track every trade the bot executes, record the results, profits, drawdown, and execution speed.

4. Compare Expected Performance with Actual Performance:
   Compare live market results with previous test results such as backtests or demo testing.

5. Evaluate the Bot’s Stability and Safety:
   Does the bot operate continuously without interruption? Does it face technical issues or sudden stops?

6. Review Actual Costs and Fees:
   Monitor the impact of platform commissions and price slippage on overall performance.

Challenges of Testing Bots in Live Markets
• Price slippage may lead to different results than backtesting.
• Slow order execution due to connectivity or platform issues.
• Sudden changes in market conditions affecting strategy performance.
• Psychological stress from monitoring real capital.

Tips to Ensure Effective Testing
• Start with small capital to reduce impact in case of losses.
• Use tracking and performance analysis tools such as Myfxbook or platform reports.
• Record your daily notes on bot performance and any issues faced.
• Do not rely on a single test—repeat in different conditions.

Conclusion
Testing the bot in live markets is an essential step to understand its real performance. This testing helps you make more informed decisions, identify strengths and weaknesses in the strategy, and avoid potential losses before fully depending on the bot. Success in automated trading begins with good testing.