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Can MT4/MT5 Brokers steal Indi/EAs?

  • #21
  • Dec 10, 2018 1:20pm Dec 10, 2018 1:20pm
Quoting emmzett
Due diligence and decision making need to be done by everyone him/herself.
Absolutely true. And you know what -- I've never before come across the type of information you've posted here. I'm so focused on strategies and the details of trading it never occurred to me to check with my brokers about "B books" or direct feeds or FIX APIs -- I'd never even heard of these terms before. Furthermore, the type of insight you've shared here is not something brokers or MetaQuotes are interested in providing to traders.

@emmzett -- you ought to start a separate thread on this stuff. I think a lot of people will eat it up...

Thanks...
  • #22
  • Dec 10, 2018 1:48pm Dec 10, 2018 1:48pm
Quoting emmzett
{quote} It's not a question of likely or not. If you don't pay commission your orders go into a B book, that's a fact. Do you think the broker works for you for free? Ask him to change your account to a feed where you pay commission and see what their answer this. An American court doesn't sentence the then biggest retail Forex broker because of "likelyness". Please understand that I don't want this thread to turn into a broker bashing. All I'm telling is how the business works. Due diligence and decision making need to be done by everyone him/herself....
No bashing of brokers......and I am not getting to be "paranoid"...I just want to understand and doing my due diligence..

Per your statements,

1. I am in a B book and my personal trades most likely manipulated as I am a profitable trader? i.e Oanda sees my trades and widen the spread to get my stop losses.

2. If I ask for commission trading, #1 will not happen

Correct?
  • #23
  • Edited 2:19pm Dec 10, 2018 2:02pm | Edited 2:19pm
Quoting driven18
.I just want to understand and doing my due diligence..
@driven18 -- take this information seriously -- but not literally. @emmzett has already answered these questions. Asking them again is not considered "doing due diligence". "Doing due diligence" is when you go out and do some detective work to learn something new. We don't get credit for "doing due diligence" when we simply ask someone else.

I don't think @emmzett works for OANDA so he can not guarantee exactly how OANDA operates or how OANDA handles your particular account. He's provided some clues that we didn't have before -- the rest is up to us. If you doubt him then do some additional poking around and let the rest of us know what you find.
  • #24
  • Dec 10, 2018 2:24pm Dec 10, 2018 2:24pm
I did ask emmzett...emmzett, please let me know if from your point of view, I am correct...

robots4me, you are not emmzett, you are just looking to troll and disagree with anyone.......please do not reply to my requests..I am not interested in your comments...
  • #25
  • Dec 10, 2018 5:28pm Dec 10, 2018 5:28pm
Quoting @driven
you are just looking to troll and disagree with anyone
@driven18 -- you may have a point. I don't think I'm trolling -- after all, I was the one who initially asked the questions that @emmzett so graciously answered and the responses you seem to be so interested in. Actually -- I'm not really sure what the definition of trolling is -- perhaps I am a troll. Now that I think about it -- perhaps you should first thank me for having the curiosity to ask these fundamental questions in the first place -- and then you can call me a troll.

@emmzett provided some very valuable information. You've been a member of FF since 2012 -- and not even you knew about this shit. Your "due diligence" questions simply rephrase what he already said. To me, it comes across as ungrateful -- as if you expect him to hold your hand and reconfirm to you how OANDA treats your account. If someone gives you a gift I think it is important to acknowledge them and not keep questioning them as though you doubt them. That was the only point I was making -- plus, perhaps, to light a fire in you to do your own detective work.

You can have the last word -- I won't disagree with you again.
  • #26
  • Dec 10, 2018 6:01pm Dec 10, 2018 6:01pm
emmzett, if you can respond to this

No bashing of brokers......and I am not getting to be "paranoid"...I just want to understand and doing my due diligence..

Per your statements,

1. I am in a B book and my personal trades most likely manipulated as I am a profitable trader? i.e Oanda sees my trades and widen the spread to get my stop losses.

2. If I ask for commission trading, #1 will not happen

Correct?

  • #27
  • Dec 11, 2018 3:58am Dec 11, 2018 3:58am
Quoting driven18
emmzett, if you can respond to this No bashing of brokers......and I am not getting to be "paranoid"...I just want to understand and doing my due diligence.. Per your statements, 1. I am in a B book and my personal trades most likely manipulated as I am a profitable trader? i.e Oanda sees my trades and widen the spread to get my stop losses. 2. If I ask for commission trading, #1 will not happen Correct?
I can and will not tell you how your specific broker would act in your specific case with your specific account. How could I? All I did was describing what the general business model looks like and how the internals in general work. Applying this information to specific cases must not be my business. If I did I would open a can of worms.

However I gave some examples what to look and what not to look for. Go to a competitor and ask him the same questions. Hint that you might consider changing sides and he will tell you more details about others than I ever could.
It takes blood, sweat and enough tears to wash away the blood.
  • #28
  • Dec 11, 2018 3:06pm Dec 11, 2018 3:06pm
Here's a link to a simple explanation about A-Book and B-Book brokers -- the same as what @emmzett described. Now that I know what to search for (I had never heard of "B-Book" before), you can find many articles:

https://www.forexsignals.com/blog/20...-book-brokers/

@emmzett also described how data feeds could be "tailored" to different clients -- that is, not all clients get the same data feed. I find that most interesting...
  • #29
  • Dec 11, 2018 7:26pm Dec 11, 2018 7:26pm
For anyone with the stomach to hear some truths.

Inserted Video
Invest in Life
  • #30
  • Mar 18, 2019 5:43am Mar 18, 2019 5:43am
Quoting emmzett
A general recommendation: Install an outgoing firewall and block outgoing connections from MetaTrader/MetaEditor to MetaQuotes. Only allow outgoing connections to your broker. This avoids nasty surprises from all kind of MetaQuotes activity, including market and community spam. After all you want to trade and not share your cat pictures. {image} A good one for outgoing connections is Windows Firewall Control. Your broker can indeed see whether or not an order is executed manually or by an expert/script....
Emmzett, I tried to use your windows firewall control software, but Metatrader stuffs doesn't appear in rules list like yours, it doesn't appear anything, and if I block only outbound connections to the file terminal.exe in MT4 folder, MT4 doesn't connect. What should I do? Thank you.
  • #31
  • Mar 20, 2019 5:07am Mar 20, 2019 5:07am
Quoting Xoxoxoxo
Hello, first of all I hope I am in the right section here. I was just curious if a mt4/mt5 broker can steal the code of an indicator or ea no matter if its profitable or not. I saw in Metatrader there is a "journal tab" which inform us for example when indicator or ea's get loaded/removed successfully. Is it technically possible that brokers can steal the code/the settings of an indi/ea if I load my custom indicator on the chart?. And therefore would be there a connection between my indicator and my broker?. Or does my broker only receive my orders?....
I think that the broker only sees comments from your EA, eg your EA is called xxx and he sees on the order that it has been opened by xxx but there is no view of the code.
  • #32
  • Nov 12, 2020 5:21pm Nov 12, 2020 5:21pm
Hi everyone,
as we all know, even the No. 1 Broker in the world, can play tricks, not only in having difficulty in withdrawals, but on orders, requotes, modified SL and TP etc ... we can sleep peacefully just because we have decided to invest our savings in a renamed broker?
especially for those like me, who use EA on a VPS, the trades are opened night and day, and at any time something suspicious could happen but, at the end of the day when I enter my vps, I don't notice anything.
years ago there was this EA (plug-in) 4xSentinel, which I had purchased, but their site has been closed now, it was a great tool that sent alerts via email, and took a picture of the Chart where something suspicious was happening and a report with all the details to use against the scam broker. but as mentioned, that site has closed, and with it even the EA no longer works.
now I would like to ask you friends of FF, if you know any other EA or plug-in that monitors in the same way, that creates a complete report to use against the broker, that takes a picture etc ..
thanks to such a tool we could unmask several clever Brokers .. and maybe we could open a new thread here on FF dedicated to the reports that we users could have against brokers.
in this case there is no software of this type, or Ea, or script ..
is there any programmer able, and with the desire, to create an EA of this type?
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  • #33
  • Edited 2:22am Nov 13, 2020 2:01am | Edited 2:22am
Quoting Xoxoxoxo
Hello, first of all I hope I am in the right section here. I was just curious if a mt4/mt5 broker can steal the code of an indicator or ea no matter if its profitable or not. I saw in Metatrader there is a "journal tab" which inform us for example when indicator or ea's get loaded/removed successfully. Is it technically possible that brokers can steal the code/the settings of an indi/ea if I load my custom indicator on the chart?. And therefore would be there a connection between my indicator and my broker?. Or does my broker only receive my orders?....
I have one experience. I was trying one broker, they have rules that if you have some turnover they can give you free vps from their partner.
Ok, I have registered and they provided me vps. Everything was fine until... administrator entered my vps! Login/log out was logged. He was on my vps for about 12 minutes.

Of course I have immediately deleted that vps and will never use anything provided from broker. And the matter is not that thy can steal my EA or indicator (hope the time will come when I'll worry about it). The matter is that I have LIVE account on it...

Regarding your question. It is not possible for broker to steal your indicator from your PC or VPS if they don't have access to it.
Observer effect
  • #34
  • Nov 27, 2020 5:50am Nov 27, 2020 5:50am
Hi, I'm also worried about the security of the complete MetaTrader 5 system, don't forget this is Russian software...

I have a connection to geo.cdn.metaquotes.net, by svchost(LS&!Impersonation), system & wmpnetwk.exe, even though I have blocked all access to the MetaTrader 5 programs and added it to the hosts file. This seems to be slowing my system down and I have to stop Sppsvc to lose the connection!

I have extracted any strings out of the terminal64 binary and it's shocking because it includes over 300 urls like the small sample below, some of which look very suspicious, like porn sites etc...
emz.net
squizzy.net
emailsingularity.net
slipry.net
mountainregionallibrary.net
spamdecoy.net
spamcowboy.net
s0ny.net
gafy.net
privacy.net
brandallday.net
.
.

The great expert emmzett has edited his hosts file earlier in this thread, and includes many urls on the same line, but aren't they are supposed to be on separate lines (from what I've read), e.g.
127.0.0.1 content.mql5cdn.com
127.0.0.1 geo.cdn.metaquotes.net
127.0.0.1 updates.cdn.metaquotes.net
127.0.0.1 updates.metaquotes.net
  • #35
  • Mar 22, 2023 10:28am Mar 22, 2023 10:28am
Quoting emmzett
A general recommendation: Install an outgoing firewall and block outgoing connections from MetaTrader/MetaEditor to MetaQuotes. Only allow outgoing connections to your broker. This avoids nasty surprises from all kind of MetaQuotes activity, including market and community spam. After all you want to trade and not share your cat pictures. {image} A good one for outgoing connections is Windows Firewall Control. Your broker can indeed see whether or not an order is executed manually or by an expert/script....
Thanks for this post. In your screenshot, I see you are allowing outbound TCP connections, is this all outbound TCP connections ? Also in your screenshot, which outbound Ports/Services are you blocking ?
  • #36
  • Last Post: Nov 30, 2023 6:06am Nov 30, 2023 6:06am
Quoting emmzett
{quote} First, "Windows Firewall Control" is a program which lets you block network connections on a program level (for one or more specific or for any program). So I can block access to mql5.com for MetaTrader but the browser still can access that domain. Second, the default mode of "Windows Firewall Control" is to give an alarm (sound and popup) as soon as a program tries to connect to a domain not matched by any former rule. One can start with that mode to create rules, even if all domains/IPs are unknown. There are two tools I use to create...
Hi! Can you help me to set up the firewall on my PC as you described? I would pay you for your work. How can I contact you?
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