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Thread: Code to prevent Rogue Trades

  1. #1
    Im searching to get a ea that will prevent Rogue Trades because this has been a problem in the past have experienced this also.
    The code would need to check to see whether the ea really placed the trade.
    thanks,

  2. #2
    Get the EA see if the EA's magicnumber is matched by the magicnumber and scan through the trades. If it does, then don't trade...

  3. #3
    Quote Originally Posted by ;
    Only have the EA scan through all of the transactions and see if the magicnumber matches the EA's magicnumber. If it does, then do not trade...
    thats exactly what I thought, do you know if the broker is able to observe the magical amount in there backend = mt4. . .if in order that it can be spoofed by them. . .do you have any other thoughts about this issue?

  4. #4
    Quote Originally Posted by ;
    The brokers can see EVERYTHING related to your order. (Magic Number, Comment, Manual or EA, etc..) - They can monitor your performance that is individual and place you in the 'winners' group or 'losers' for processing thats why you have to pick on honest brokers. You cant hide from them therefore that the only choice is to receive a broker that doesnt trade against you.
    Can you name any Honest Brokers?? ...

  5. #5
    The brokers can view EVERYTHING associated with your order. (Magic Number, Comment, Manual or EA, etc..) - your performance that is individual can be tracked by them and put you at the 'winners' group or 'losers' for selective processing thats why you need to select honest brokers. You cant hide from them so the only choice is to receive a broker that trade against you.

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