MT4 privacy

Hello everyone,

Let us say you create a profitable EA and you run it on trading software. How do you guarantee that you are not being monitored by broker or software creators in order to steal the EA in case the account shows profiting from that EA? Is it based on trust? Is it possible to expose such illegal EA piracy?

not that I have such EA ... i am new to trading ... just a little bit of fantasizing

There simply are no MT4 EAs that would be worth being stolen ;-)

They do exist but you wont find them on any forums.

wrong! Here u go:

http://www.myfxbook.com/portfolio/trend2multiok/3311

cklick there on "pc8multifx" or "portfolio" and u see the complete portfolio

To get back to your question, simple answer is you can't.

The broker sees everything.

But they dont have to see your TP or SL. Also, the EA runs client side, so they cant see the logic behind your trades.

thanks for replies

yes. they do see everything or almost everything. but what i mean is that maybe there is a secret built-in function that sends your EA to them without you knowing. nothing can stop them since the software is allowed to pass through the firewall - upload/download.

If this is really a big concern for you, then I would recommend NOT using an MT4 broker. Instead, find one that offers an API and develop your own windows based application that does the work of an EA. Takes a bit longer but once you get the core application done, changing the function of the EA portion isn't hard to do at all.

i thought of a way

first... it is unlikely that a broker has an access to your EA through MT4. this would be exposed easily as rumors spread quickly. so, MT4 creators are the only ones who can know about a secret built-in function to transmit your EA to them. they would not share it with hundreds of brokers because it will not be a secret anymore and it will eventually be exposed to public.

MT4 creators can steal your EA in two ways:

1) MT4 software transmit your EA to them directly
solution: firewall blocks all traffic to/from MT4 except for your broker

2)MT4 launches internet explorer or another web based service to transmit your EA to them
solution: firewall blocks MT4 software from launching other applications installed on your computer

question now ... is there such firewall ??? my firewall (fsecure) can block MT4 from launching other installed applications. i could not find a firewall software that can filter traffic to a specific application

Most firewalls can do ip blocks, failing that you can also block with your HOST file in system32 (google it). For the ips, run a program that detects outgoing ip connections like active ports or process monitor from system internals (this is what I use). White list your broker's ips and block everything else. This also had an added advantage of blocking those crappy signal pages in the newer mt4 builds so less traffic on your vps.