Finally a REAL ECN MT4 broker? - page 19
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Hi guys,
I have a question and please only reply if you know the answer.
Can an ECN broker copy your trades?? I trade with dukascopy.
Yes they can. There are scripts around to do it.
How could you avoid it if they can??
Open your own company. No matter how you try to work it, if you open an account with a broker, they will be able to see your statement thought one would expect that only those who NEED to see your statement can do so.
thanks for the EA
Brokers copying your trades or trading against you
Hi guys,
I have a question and please only reply if you know the answer.
Yes they can. There are scripts around to do it.
Open your own company. No matter how you try to work it, if you open an account with a broker, they will be able to see your statement thought one would expect that only those who NEED to see your statement can do so.It dose not matter if the broker is ECN or Market marker... all brokers can view your trades. however they are not concerned with your alone, if they want to hedge against positions they will. If using MT4 for example the broker can use the MT4 back office to view your individual trades or the master positions for a particular currency pair.... how do I know this? I was a broker. Nevertheless, brokers promoting ECN are better because they run no real risk and will typically not trade against you. The ones that will trade against you are market makers because they are making their own market and they carry a lot more risk.... one way to overcome this is to chose an ECN broker that only offers low leverage like 1:50... this way they carry little risk and don't care to trade against you. Check out Alpha broking ww w.learnforexfutures.com/brokers.htm - I know for a fact they do not copy trades or trade against you.
Hi guys,
I have a question and please only reply if you know the answer.
Can an ECN broker copy your trades?? I trade with dukascopy.
How could you avoid it if they can??
Is there a way to trade without anybody looking at your statement or account. This is because i have a system that works incredible well and i don't want anybody replicating all my trades.
Is there any way to keep your trades secret. Like creating your own brokage firm maybe, currenex, money is not an issue. I have over a million $$.
ThanksHi Hardball,
Many people have had the same idea like you had. Thinking that they invented the absolute Holy Grail. A couple of months later they needed to review there idea's.
But lets asume that you have a system that is doing well for the moment.
I am an account manager with dukascopy. I can tell you that dukascopy has no interest what so ever by duplicating your trades. They have many clients or account managers that are doing well. Some of them are sitting short on the euro where other are sitting long on the euro on that particular moment. And both will close their positions with profit depending of what time they are going to close their position.
Dukascopy is earning their money ONLY through commission on the trades you take. They have no interest at all if you loos money or if you win money.
They have seen over the years already many people that have made a lot of money but also lost their money over a very short period of time.
Just imagine that they follow a certain system from one of their clients that performed very well and suddenly that client performs very bad ?...
Again they stick with their bussines and that is earning money as broker by taking commission on trades and they have clients that trade with severall millions (without the leverage)
Be awere that some clients with dukascopy trade more volume in 1 day then MT4 brokers trade with all the clients they have together.
As long as your name is not Warren Buffet (who has a 35year track record), then people will hardly try to copie your trades or positions.
Friendly regards...iGoR
they are the house , and you are the casino player
statistically, you will lost,
strange, during volatile hour, they collect enough buy and sell and don't have to do NET execution -- while for audit purpose, they could carry those trade during quiet hour for those equal amount of buy / sell -- so they lost very little
---- the only way, you can beat a 90% they win system, is >> create your own statistics -- your method work and your statistics shown,
stare-ing at the gold fish slippery chart is not a good way to ensure you can spot TURNs , holy bible grail is a eutopia urban myth (probably not around for you to grap, too easily), rely on market wavy scenario, it might change in a month time -- usually next month, the charts will go WILD
how you understand forex is important
a simple analog is
a bottle of double headed thread-needles , assorted, you pour it onto the table in a straw alike slot, so it is listed in a time-base horizontal axis
we think we could see Colors cylinder in the indicator, but color is not necessary a statistics, it rely on the environment e.g. traders involves
however if you are smart, you can already see some statistics on the cylinder length
[ ] alternatively you can imagine an assortment of short brunette gel - mix with - long freeflow blonde hair == which ones = are you got at curling it [ ]
I think statistics is the only way to go for it
they are the house , and you are the casino player
Forex is as playing poker, strategy is not fixed,
use price action strategy!
Go in fast, go out faster!
I have one question which may fits into this ongoing discussion; several commercial EA's have already a "stealth mode" function hiding the (real) stop loss and target profit from the broker. so means this helps that the broker is not able to look too deep into our cards...
for those EA's who does not have such a function inside and which will be used with dealing desk brokers - do you think it would make sense to use a program that offer such "stealth mode" functionality ?
I have one question which may fits into this ongoing discussion; several commercial EA's have already a "stealth mode" function hiding the (real) stop loss and target profit from the broker. so means this helps that the broker is not able to look too deep into our cards... for those EA's who does not have such a function inside and which will be used with dealing desk brokers - do you think it would make sense to use a program that offer such "stealth mode" functionality ?
Hi Aptrader,
If you use a good and well know broker then there is no point in having orders in a stealth mode.
Each broker has the same price with a couple of pips difference. There is no broker that will or can manouver price on his platform in normal market conditions against the other brokers or their liquidity providers.
An exception is major news events. Then "bucket shop brokers" will do everything to make some money out of that situation. They will not allow that you make a quick profit by placing orders on each side of price before the news or that you try to scalp in the news. But if you know that then you just stay away from that event.
Keep this in mind, people that say that they get ripped off from their brokers are people that are just loosing money through their trading. They want to blame it on everybody else except themselfs. They say that price went precisly to their stoploss order stopped them out and then went back the right way. But if they would look to other brokers then they would see that price went also precisly to that point ( with 1-2 pips difference).
One broker can not manouver a 3 trillion dollar daily turnover just for their benefit or against their liquidity providers.
Friendly regards... iGoR
I personally think Stealth Mode is useless as well.
Stop hunting is just a silly myth.
Hello guys!
Online forex trading|Mini accounts|Forex broker|Managed accounts
I am trying the demo and I am impressed so far.
They are IBs from IKON Global Market Inc, registered with the CFTC and member of the NFA. 0-2 spread on eur/usd and no commission.How do you feel about Ikon GM now?
That said, I have it from a source inside Dukascopy that they will be going live with their MT4 to ECN solution in January. I have been waiting on that for a long time! Regulated by FINMA, there's no room for manipulations!