Is it worth Learning, Finding & Testing a Strategy?

Hi @ll,

As other newbies, I also lost lots of money by NOT having a proper Plan/Strategy. Now, I am trying hard to test diffirent strategies on an Expert Adviser of an MT4 plateform.

I have few questions & only an honest person & experience trader can give the best answer; my questions are;

1- When we TEST a profitable strategy on an EA of an MT4, Is it possible for a broker to UNDERSTAND & STEAL it?
2- IF YES, Will that affect the profitability of that strategy?
3- When we LIVE TRADE a profitable strategy, Is it possible for a broker to UNDERSTAND & STEAL it?
4- IF YES, Will that affect the profitability of that strategy?
5- IF the strategy works VERY GOOD on a LIVE ACCOUNT, Can a Broker (of MT4) make the Market Move against your strategy to give you losses?

PLEASE reply my questions, so, that I'll be able to continue my hard work of testing & finding a profitable strategy... otherwise what's the use if after all the hard work it's still a loss, if the answer for the above Questions are "YES"

Thanks in advance,

Best Regards,

no. either way you only send buy/sell orders to the broker. They can only figure out as much as you can tell from the statement list of orders. (depending on the strategy the orders may give hints or not.)

No, when you test on MT4 you do so locally, no data is being sent by your host so there is no way someone could "spy" you.


The only data sent to the broker's servers are your orders, not your indicators, so it would be extremely hard for them to "understand" a strategy.

If their ToS allow it, they could emulate it by mirroring every trade you make with the same trade on their part, and profit from it too. But they'd only be able to assess the profitability of a strategy after months of you using it, and even then, they have no way of knowing when you're using a strategy rather than another.


They have no interest in doing that. The more money you get on your account, the more you'll invest and the more money they'll earn with spreads. Instead, what they'd do if they could is mirror your trade (which, as I already wrote, they can't).

Thanks, I hope these were confirmed Answer. I also request other experience traders to confirm the above answers. Which will add confidence in me and other new struggling traders to keep struggling as it pays

That is not so much important all you need to do is to be familiar with the strategies to use them according to the Market scenario because you can't implement any strategy at any time.

Anyone who has a direct connection to your computer thru the internet can copy everything on your hard drive not in a protected partition or folder.
ps: It might be worth remembering this when you load up that next free ea4 with no source code.