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Code to prevent Rogue Trades

  • Post #1
  • Quote
  • First Post: Oct 18, 2009 12:04am Oct 18, 2009 12:04am
im looking for code for a ea that would prevent "Rogue Trades" as this has been a problem in the past, i assume others have experienced this too.
the code would have to check to see if the ea actually placed the trade.
thanks,new2fx
Just have the EA scan through all the trades and see if the magicnumber matches the EA's magicnumber. If it does, then don't trade...
Quoting Ronald Raygun
Just have the EA scan through all the trades and see if the magicnumber matches the EA's magicnumber. If it does, then don't trade...
thats what i thought, do you know if the broker can "see" the magic number in there backend = mt4...if so they can spoof it...do you have any other ideas about this issue?

The brokers can see EVERYTHING related to your order. (Magic Number, Comment, Manual or EA, etc..) - They can track your individual performance and place you in the 'winners' group or 'losers' for selective processing thats why you have to pick honest brokers. You cant hide from them so the only option is to get a broker that doesnt trade against you.
Quoting Fulltime247
The brokers can see EVERYTHING related to your order. (Magic Number, Comment, Manual or EA, etc..) - They can track your individual performance and place you in the 'winners' group or 'losers' for selective processing thats why you have to pick honest brokers. You cant hide from them so the only option is to get a broker that doesnt trade against you.
can you name any Honest Brokers??...
Quoting new2fx
{quote} can you name any Honest Brokers??...
Honesty here is relative, even the most established brokers such as FXCM can at times be rogue. I'm not saying they are bad but, an experiece with them is all that you need to say a broker is good or bad
  • Post #7
  • Quote
  • Last Post: Dec 19, 2018 10:56am Dec 19, 2018 10:56am
Quoting new2fx
im looking for code for a ea that would prevent "Rogue Trades" as this has been a problem in the past, i assume others have experienced this too. the code would have to check to see if the ea actually placed the trade. thanks,new2fx
Ho new2fx

Ill be very happy to help. But im a bit lost in "Rogue Trades".

Breaking it down a bit further would be great.
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