I have two questions, thanks in advance ...
1. Can my MT broker interfere or completely forbid EA usage?
2. Can my MT broker reach to my EA code on my client terminal in any way? I mean ... is there any chance for my code working on my client terminal to be stolen by someone?
1. Yes broker can forbid EA trading. The broker can disable EA trading from the MT4 Server settings.
2.No broker cannot reach your EA code. Its impossible. The only way someone can access your EA is by hacking your computer hardrive. Broker cannot do this but your close friend can do this.
Other hackers can use hidden FTP servers that can upload your EAs and indicators to a private server , So just be careful. Do not use any free VPS. Trust no one!
I have two questions, thanks in advance ...
1. Can my MT broker interfere or completely forbid EA usage?
2. Can my MT broker reach to my EA code on my client terminal in any way? I mean ... is there any chance for my code working on my client terminal to be stolen by someone?
What is EA? If I suppose that it is trading robot written Mql5 then is it correct?
Thanks a lot Kebaya and İsmail ...
What is EA? If I suppose that it is trading robot written Mql5 then is it correct?
A broker that forbids an EA is most likely a market maker, and if you ever plan on being a profitable trader you don't want to use a market maker anyways. Shop around for a better broker. There are dozens of great ones.
Not exactly, a broker may forbid automated trading as a security measure for the client...
I've already seen some cases where the broker shuts down a client's automated trading feature in order to protect the client's account. It's easy to imagine a poor-programmed EA, which might send dozens of orders on a short period of time. If the broker identifies it as being a probable EA failure, it might take action in order to protect the client's account.
Regards,
Malacarne
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I have two questions, thanks in advance ...
1. Can my MT broker interfere or completely forbid EA usage?
2. Can my MT broker reach to my EA code on my client terminal in any way? I mean ... is there any chance for my code working on my client terminal to be stolen by someone?