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EA, how the broker control it


Vathek

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Unbelievable but true! It is not enough that market makers manipulate the market, than brokers step in and screw you up personally. VSP are dangerous because brokers have all software tools to make you transparent and control the outcomes.

Last trade I had a candle shadow jumped on H1 TF during the night 80 pips - typical SL hunters! They rob you when you sleep. Intraday trading would be better but then the spikes and unexpected reversals kill you also. Therefore, Daily TFs trading without SL is probably the only solution.

Hermes

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  • 1 month later...
The only way around this is to

(a) hedge

(b) hide tp and sl from the dealer

© NEVER scalp

 

(d) ...and know how to trade by noticing where the dealer smashed everyone's stops on the chart and trade with him

 

Why does the broker want to do this??? Don't they profit from you trading with them using your EA??? I can't understand why they would want to do this!

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  • 1 month later...
Why does the broker want to do this??? Don't they profit from you trading with them using your EA??? I can't understand why they would want to do this!

 

You're being sarcastic, right?

 

Sure they get paid from the spread, or commissions, but they also get paid when they margin your account out -- which is what they don't tell you.

 

Think about it... You give them a pile of money, which they can use to make money themselves... And since they know that most traders lose, they ket you play around on their system with nothing. Tanking your account is the entire business, and it means nothing to them.

 

Look for the MT4 dealer plugins manual. They can mess with the spread, redraw candles on the chart, and they can see where all the aggregate stops and orders are, so they know where to initiate monkey business in order to profit.

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