Can an EA spy on your MT4 activities? | Forex Factory

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Can an EA spy on your MT4 activities?

  • #1
  • First Post: Dec 28, 2015 3:55am Dec 28, 2015 3:55am
Hi, Im trying to setup my account on Myfxbook and was asked to install their EA for verification purposes. But Im quite paranoid about installing anything to my computer.

So I want to ask if I install this EA, will this EA be able to record my MT4 activities, my charts, my indicators .... then send back the data to Myfxbook?
  • #2
  • Dec 28, 2015 6:24am Dec 28, 2015 6:24am
What they mean as "verification activity"? They described it?
In general., it is possible. Spy your account.
  • #3
  • Dec 28, 2015 6:35am Dec 28, 2015 6:35am
Quoting brian.jer
Hi, Im trying to setup my account on Myfxbook and was asked to install their EA for verification purposes. But Im quite paranoid about installing anything to my computer. So I want to ask if I install this EA, will this EA be able to record my MT4 activities, my charts, my indicators .... then send back the data to Myfxbook?
The MyFXBook EA, only send to them your operations, open, close, profit, loss, etc. not your graphics or indies or anything else.

If you ask about what an EA could do? ... it could do almost anything, if you ask what MyFXbook EA does? ... it just send your ops since last sync with their server.
  • #4
  • Dec 29, 2015 10:06am Dec 29, 2015 10:06am
Quoting rbetancor
{quote} The MyFXBook EA, only send to them your operations, open, close, profit, loss, etc. not your graphics or indies or anything else. If you ask about what an EA could do? ... it could do almost anything, if you ask what MyFXbook EA does? ... it just send your ops since last sync with their server.
you dont know what this EA sends to them. But why they coulb be interested in your graphics and opened charts?
It is difficult to send graphic file if EA is not providing together with DLL>
  • #5
  • Dec 29, 2015 10:49am Dec 29, 2015 10:49am
Quoting hanzov
{quote} you dont know what this EA sends to them. But why they coulb be interested in your graphics and opened charts? It is difficult to send graphic file if EA is not providing together with DLL>
I agree that they probably do not care about your graphics on the chart and if you really want to be paranoid of one party it should be your broker. They might be able to modify mt4 the way they want to (I am not saying they do this).
MyFxBook is provided with an dll and even if it is not there are always ways to get around limitations of a programming language. One possible way would be to take a screenshot with standard mql4 methods and sending it using a custom header with WebRequest.
  • #6
  • Dec 29, 2015 12:24pm Dec 29, 2015 12:24pm
I consider only one reason to spy..if somebody has a very profitable strategy.
But I am not so paranoic to believe in a total spying.
  • #7
  • Last Post: Mar 22, 2016 2:15am Mar 22, 2016 2:15am
if you run software on your system and you have not reviewed the source code then you are like an open book...

any thing that that ea can read from your computer can be sent back to another computer.

it is possible that this ea could open up a back door into your computer.

i do realize that there are security rules in metatrader that would prevent such things from happening...

...but you never know what some determined hacker will manage to pull off...

he only needs one entryway into your computer..

and you just maybe just maybe gave it to him..

dont ever assume that you know why a burglar might want to enter your home.... just lock it up tight and dont let him in.

enjoy.
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