blocking robots? | Forex Factory

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blocking robots?

  • #1
  • First Post: Feb 3, 2017 5:00pm Feb 3, 2017 5:00pm
Do some brokers block the use of a robot?
the robot works fine live on Oanda with the code.
But won't run live on Finpro or Tradersway.
Arethey going say , oh there is an extra fee for using a robot...
They offer very high margin which is attractive for Martingale, grid and robots.
then surprise... oh there is an extra fee...?
Anyone have experience with this...
Why would it run just fine on Oanda live... but not on the others.
  • #2
  • Feb 3, 2017 6:54pm Feb 3, 2017 6:54pm
A fee for using a robot is a little bit strange.
Normally a broker is unable to see if you are trading manually or automated, i have never heard of an EA fee before.
Maybe the fee you are talking about is for the use of a server so the EA runs on the brokers server and not your PC?
One of the reasons that the EA might be profitable with Oanda and not with the other brokers you tested is because of the difference in the spread?
If you want a clear answer you need to provide much more detailed information regarding the exact conditions ...
  • #3
  • Feb 3, 2017 8:16pm Feb 3, 2017 8:16pm
Quoting Dkam
A fee for using a robot is a little bit strange. Normally a broker is unable to see if you are trading manually or automated, i have never heard of an EA fee before. Maybe the fee you are talking about is for the use of a server so the EA runs on the brokers server and not your PC? One of the reasons that the EA might be profitable with Oanda and not with the other brokers you tested is because of the difference in the spread? If you want a clear answer you need to provide much more detailed information regarding the exact conditions ...
HA HA.. I hope AI didn't plant any ideas for the brokers. To figure out how to block robots and then charge fee...
The problem is that the robot needs a unique code for each account it runs on. I didn't know that. But the designer, a regular on Forex Factory is generating the codes now. Feeling greatly relieved. It's been like climbing Mt. Everest just getting the off shore brokerage account set up and funded. So should be set up and ready to go Monday..

This is the best algorithm I've seen. I tested it for months and then I just had to buy it.
Attached File(s)
File Type: ex4 Dragon Expert v3.2.ex4   33 KB | 299 downloads
File Type: pdf Manual File.pdf   359 KB | 355 downloads
  • #4
  • Feb 4, 2017 11:48am Feb 4, 2017 11:48am
I am trading with ‘Hanseatic Broker’ for few months and they are okay with EA and Hedging.
Found execution rate is also good, though I do not use it in the high impact news hours. And I don’t think anyone should do that!
  • #5
  • Feb 4, 2017 3:58pm Feb 4, 2017 3:58pm
Quoting Bd888
I am trading with Hanseatic Broker for few months and they are okay with EA and Hedging. Found execution rate is also good, though I do not use it in the high impact news hours. And I dont think anyone should do that!
Thanks. I contacted the person who made the robot. It needed a specific code for the specific trade account in order to trade live. So it wasn't the broker. Glad you found a broker you are comfortable with. I definitely intend to avoid news releases and data especially during US market. Intend to trade only from London open to New York open. 4 hours that's it.
  • #6
  • Last Post: Feb 8, 2017 4:13pm Feb 8, 2017 4:13pm
Quoting jiva34
{quote} Thanks. I contacted the person who made the robot. It needed a specific code for the specific trade account in order to trade live. So it wasn't the broker. Glad you found a broker you are comfortable with. I definitely intend to avoid news releases and data especially during US market. Intend to trade only from London open to New York open. 4 hours that's it.
Great though I love to trade on daily chart. But for EA H4 is good enough.
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