Finally a REAL ECN MT4 broker? - page 17
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
many retail trader try to hide the SL from the broker -- just in case the data stream got some tailor made spike ; with the same token, fxcm offer more responsive / more info for the big spencer casino player with a special platform while for normal traders , they are doing better and better for the time lapse data feed for the human 1/10 of a sec lag human brains -- i.e. they improve their profitability in volcanic volatile time == otherwise, we all got 50 /50 vision for our views
in EA, not sure, but people who know about coding themselves could build their own HIDE IT AWAY SL -- but whatever method , there are assumption of the uniformity of the market (GBPUSD and GBPJPY is the extreme exclusive example to these) and there must be a pip cost -- but I guess you can always pick up the phone and prepare your case to your broker
i.e. something like that -- do exist === but the effectiveness, assumption to the market and any extra pip cost -- I do have reservation
pretty similar to a teacher prepare 2 set of model answer, one for the best group of students and one of the worse group of students
then do a SPEED CHESS game , a pop quiz on simple physics and give it to these students and then grade it differently == assumption here, the students are not hackers and hack into the model answer in advance
say , there is a pier fun fair, there is a coin pushing machine -- 2 cents, nickle in each coin
as a gambler, you won't tell the machine the bags you got # of coins in your own bag --- that you will invest into this slot machine
with this type of machine, you know the logic -- you should never win -- just statistics and normal bell shape curve of the norm at large
i.e. if you are not winning, you should not worry at all === if you are, then you will appear in their morning meeting report , any way you do it
===
in term of your Q, direct answer, have you think about to get the subscription to the elite section -- exclusive section and see how proper EA code with MM is written -- do it yourself for coding as programmers take cash too
I don't think so
Hi Guys,
I am pretty sure that Metatrader 'tags' messages that are created by an EA differently to those placed manually. IBFX used to run a trading competition that you could only enter if you used 100% EA trades, and their website mentioned they could tell the difference between the 2 from the trade messges from Metatrader
Cheers
Awesome EA! Question I have is when using a five digit broker, what would S/L and T/P be? Like if I want a S/L of 40 would it be 4000?
S/L - T/P EA on IBFX
Hello everyone! I have a quick question if I may. I'm with IBFX who uses five digits in MT4. I'm using a hidden S/L - T/P EA and am having trouble figuring what the S/L value is because of the five digits. I thought if I wanted a S/L of 40 it would be 400 but it isn't appearing to be so. Any ideas here please?
Thank you!
Looking for Exit EA based on clean break
I've searched the internet, but couldn't find an EA that would T/P my trades as follows:
To set a "hidden" TP within the EA, i.e. 20 pips (input 1). Price goes up and eventually reaches that TP. Now within that candle the EA looks how much higher the price goes. If it's more than i.e. 10 pips (input 2) this would signal the trend is still strong and therefore the EA now moves the hidden TP to an addtional 15 pips (input 3). And so forth.
If the price drops, but does not trigger the stop (see below), the process continues.
Input 4 will be used to set a trailing stop.
Does this make sense? Is it feasible?
Remove Comments In OrderSend
Does anyone know if there is a ready made written code to make an EA TOTALLY invisible to a broker? It's one thing to make stop losses and take profits invisible but I'm talking more advanced like the broker is unable to determine if I am making the trades vs. a robot. Would someone please advise me on this topic and if it's easy enough (or you're willing) would you please write it for me and tell me where exactly to place it within existing code? Thank you!
Hi ForexEnthusiast,
There may be various ways the brokers can tell "who or what" is trading, but I don't think there are many.
1) Server connection and log on - no data regarding trades...just where and who is trading...not how.
2) Trade data consists of the trade information...it may or may not include how (EA) or who (manual) is doing the trading..
3) I don't believe brokers can access the Expert Tab or Journal Tab in MT4. I'd be open to learning if/how they could...
One way a broker knows if it's a manual trade or an EA trade is by the quote comments in the OrderSend function. The OrderSend comments are definitely a clue that an EA is trading or not.
Ticket = OrderSend(Symbol(), OP_BUY, Lots, NormalizeDouble(Ask,Digits), Slippage, StopLossLevel, TakeProfitLevel, "This Is An EA")", MagicNumber, 0, DodgerBlue);
Delete the quote comments in the OrderSend to eliminate this clue.
Ticket = OrderSend(Symbol(), OP_BUY, Lots, NormalizeDouble(Ask,Digits), Slippage, StopLossLevel, TakeProfitLevel, MagicNumber, 0, DodgerBlue);
The second way I know that brokers may be able to identify the trade is with trailing stops.
OrderTakeProfit() identifies it as a MT4 function..either a script or an EA...and it shows up in comments as [tp]. However, when I close a trade manually, the comments are blank even using an EA.
Magic numbers may be another clue indicating an EA. Eliminate them as well...or code it so they track the trades internally without sending the magic number to the broker.
Maybe some good coder knows how to eliminate these concerns with anything showing up in comments at all.
Other than those, I don't know of other ways the brokers can tell "who or what/how" the trade is being made.
Bottom line - The better brokers (ECN's and for example FXDD) make their money on every trade win or lose...so they don't care what or who is trading...nor do you have to care about them trading against you (so you don't have to hide your EA's). Some brokers even actively encourage EA's like FXCBS.
Hope this helps you,
Robert
Forex Indicator wanted
Dear All
I'm new to forex trading,kindly help me,how to trade safe
Hi ForexEnthusiast,
There may be various ways the brokers can tell "who or what" is trading, but I don't think there are many.
1) Server connection and log on - no data regarding trades...just where and who is trading...not how.
2) Trade data consists of the trade information...it may or may not include how (EA) or who (manual) is doing the trading..
3) I don't believe brokers can access the Expert Tab or Journal Tab in MT4. I'd be open to learning if/how they could...
One way a broker knows if it's a manual trade or an EA trade is by the quote comments in the OrderSend function. The OrderSend comments are definitely a clue that an EA is trading or not.
Ticket = OrderSend(Symbol(), OP_BUY, Lots, NormalizeDouble(Ask,Digits), Slippage, StopLossLevel, TakeProfitLevel, "This Is An EA")", MagicNumber, 0, DodgerBlue);
Delete the quote comments in the OrderSend to eliminate this clue.
Ticket = OrderSend(Symbol(), OP_BUY, Lots, NormalizeDouble(Ask,Digits), Slippage, StopLossLevel, TakeProfitLevel, MagicNumber, 0, DodgerBlue);
The second way I know that brokers may be able to identify the trade is with trailing stops.
OrderTakeProfit() identifies it as a MT4 function..either a script or an EA...and it shows up in comments as [tp]. However, when I close a trade manually, the comments are blank even using an EA.
Magic numbers may be another clue indicating an EA. Eliminate them as well...or code it so they track the trades internally without sending the magic number to the broker.
Maybe some good coder knows how to eliminate these concerns with anything showing up in comments at all.
Other than those, I don't know of other ways the brokers can tell "who or what/how" the trade is being made.
Bottom line - The better brokers (ECN's and for example FXDD) make their money on every trade win or lose...so they don't care what or who is trading...nor do you have to care about them trading against you (so you don't have to hide your EA's). Some brokers even actively encourage EA's like FXCBS.
Hope this helps you,
RobertDoes anyone know how the FOREX market works? I traded commodities which used to be an "open outcry" market much like the Dow and the market makers were shady. I swear the traders would artificially inflate prices and take out stop losses and the trade would magically turn around and hit your profit level (now that you were out). Is the market just a bunch of computers linked together by the brokers server? If this is the case it is ripe manipulation buy the stop levels.
I use a product that artificially sets the tp and sl at 250 pips on the brokers server but actually triggers on another input number.
When you code you can use OrderModify() to change the broker SL or TP but the broker still "sees" it. A better way which I'm working on is OrderClose() on a partial portion of the lot size when the price is reached, this shields it from the broker. Brokers make money on the spread whether we win or lose, a broker should love ea's, more trades = more profit.
Brokers are like Vegas, profits are guaranteed, a lot like the EA sales people. If their product is so good, they'd use it to make untold fortunes through the use of outside capital.
Comments can also be put in manually so that can't be the answer.
Awesome EA! Question I have is when using a five digit broker, what would S/L and T/P be? Like if I want a S/L of 40 would it be 4000?
In the code you use (tp * Point), where tp is an integer (ex: 45) and this will multiply the TP SL by the point value (pip value) be it .0001 or .00001.
tf
what for a time frame of this ea .
Running this ea of all pairs?
regards steve