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Code to prevent Rogue Trades

  • Post #1
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  • First Post: Oct 18, 2009 12:04am Oct 18, 2009 12:04am
  •  new2fx
  • | Joined Jul 2007 | Status: Member | 11 Posts
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
  • Post #2
  • Quote
  • Oct 18, 2009 1:02am Oct 18, 2009 1:02am
  •  Ronald Raygun
  • Joined Jul 2007 | Status: 31 y/o Investor/Trader/Programmer | 5,016 Posts
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...
 
 
  • Post #3
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  • Oct 18, 2009 2:44am Oct 18, 2009 2:44am
  •  new2fx
  • | Joined Jul 2007 | Status: Member | 11 Posts
Quoting Ronald Raygun
Disliked
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...
Ignored
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?

 
 
  • Post #4
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  • Oct 18, 2009 2:49am Oct 18, 2009 2:49am
  •  Fulltime247
  • | Commercial Member | Joined Oct 2007 | 589 Posts
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.
 
 
  • Post #5
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  • Oct 18, 2009 3:07am Oct 18, 2009 3:07am
  •  new2fx
  • | Joined Jul 2007 | Status: Member | 11 Posts
Quoting Fulltime247
Disliked
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.
Ignored
can you name any Honest Brokers??...
 
 
  • Post #6
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  • Dec 19, 2018 10:53am Dec 19, 2018 10:53am
  •  Prisha
  • | Membership Revoked | Joined Mar 2016 | 431 Posts
Quoting new2fx
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{quote} can you name any Honest Brokers??...
Ignored
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
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  • Last Post: Dec 19, 2018 10:56am Dec 19, 2018 10:56am
  •  irinsexpert
  • | Membership Revoked | Joined Dec 2018 | 89 Posts
Quoting new2fx
Disliked
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
Ignored
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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