Do brokers prohibit EA use?
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Thread: Do brokers prohibit EA use?

  1. #1
    Somewhere on this forum I read that brokers will not allow an EA to be used if it's consistently profitable. Forgive my newbie ignorance, but is this accurate? If this is so, why would a broker care when the profits are obtained by means of an EA or the old-fashioned manner?

    Thanks,

  2. #2
    Should they let to use a platfom using EA enabled, they then let it.

    Thats probably why they limit the number of lots per trade or play there setup (disperse, minimum TP and SL).

  3. #3
    Quote Originally Posted by ;
    Somewhere on this forum I see that brokers will not allow an EA to be used if it is consistently profitable. Forgive my newbie ignorance, but is that accurate? If so, why would a broker care when the profits are accessed by an EA or the old-fashioned way?

    Thanks,
    Lou G
    Additionally, I don't know why a broker would take care of a profitable EA another than a profitable trader, unless the EA is behaving in a number of the ways mentioned in my prior article.

  4. #4
    Thank you for your responses - my response to reading about this in the first place was that it probably BS but, as a Forex beginner, I thought I would sample a few remarks. The EA I'm growing does not scalp at all so I can't envision any broker objecting to its use. My intent is only to get a dependable trade supervisor to function while I sleep soundly. I reside in the American Midwest and therefore are not able to trade the first half of the London session when lots of profitable things begin to take place.

  5. #5
    Be warned: I am talking more from reason than from experience... I actually don't have much experience with running EAs in brokers. Those are just my thoughts on the matter.

    So hopefully somebody with more profitable EA encounter can write out of their experience...

  6. #6
    As a developer know by experience that Broker should employ strict principles...

    Why? Envision clients using poorly writen EA.
    Lets states theres a regular that call in minute, 1000 times the order specifiion. Multiply this by 1000 customer. So its a lot for nothing... Picture for few moments and/or a lot more client. (Only a exemple)
    They must maintain the server in good shape for those others.
    Doing EA is easy. Make it profitable in long term is not.
    I suggest you do a EA that response to your order instead of initiate order.
    This way you have control over your Entry. You do the entry, he perform the Exit.

    Also theres others currency such as the Yen that start at 19h (NewYorkTime).

  7. #7
    Or merely have MetaTrader running the EA in guide confirmation mode.

    Quote Originally Posted by ;
    As a programmer know by experience that Broker should employ strict principles...

    Why? Envision customers using poorly writen EA.
    Lets states theres a regular that call in second, 1000 times the order specifiion. Multiply that by 1000 customer. Therefore its a lot for nothing... Imagine for few minutes or a lot more client. (Just a exemple)
    They must keep the server in good shape for the others.
    Doing EA is easy. Make it profitable in long term isn't.
    I suggest you do a EA that answer to your order rather than initiate order.
    This way you have control over your own Entry. You do the entrance, he do the Exit.

    Also theres others currency such as the Yen that begin at 19h (NewYorkTime).

  8. #8
    True, but its difficult to do if you sleep...

    Its better should he learn good base and make is decision by itself...
    Building a EA that shut position is simple. Making EA that make very good entry decision is Hard...
    I think also its best to proceed with 4H or/and Daily chart. Its all the same, but you get cut often with news...

    in the event the system is 100% technical, then go for EA Entry and Close
    Pure Fundamental, go 100% Personal Entry and Close
    Balance, involving this two, should you use news with technical analisys. . :--RRB-

    you might also prevent trading or tell your EA (Disactivate) to do this when the fallowing evening as big news, or too much news.

    Quote Originally Posted by ;
    or just have MetaTrader conducting the EA in manual confirmation mode.

  9. #9
    Quote Originally Posted by ;
    I also don't know why a broker would treat a profitable EA another than a profitable trader, unless the EA is behaving in a number of the ways mentioned in my prior post.
    LOL very first you need to discover a profitable trader on a retail platform then this will truly answer the question.

  10. #10
    I thought it depended upon what the EA does... if it's a scalping EA then lots of brokers have problems with this seemingly... but when the EA isn't trading or Indices news, or opening several small positions all the time, I thought it should be okay with most brokers...

    this is just my impresion from reading articles, it's not from experience.

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