Signal pirates
This is a kind of appeal to developers.
The fact is that the signal service can make money, and quite tangible money at that... But not to the true owner of the account.
The piracy scheme is as simple as two cents - we poke around the forums, monitoring, PAMMs and look for accounts with investors or get the account investment password under the guise of investors to "look".
Then this account is freely added to signals with payment. If there are a couple hundred accounts and there are at least a few normal ones, then it's bread and butter.
...
But protection is easy to do and all self-respecting monitors have it.
...
People who publish their friends' signals will not be affected, because you can always ask your friends to change the investor to the right one.
Do not click your beak among friends © Folk proverb
MetaTrader also has protection, so you don't have to ask your friends to do it:
there are two options
-- An order with a comment generated for a service user
-- changing the account password to a password ending in e.g. mql5.
can also be bypassed.
how to guarantee 100% I don't know
-- an order with a comment generated for a service user
-- changing the account password to a password ending in e.g. mql5.
Reselling signals does not work within our service and is clearly traceable.
What if the source signal is outside the "Signals" service? Say, a profitable signal is hosted on Onix-Trade with a public investment password, while the signals are hosted by the left hand copy, how will the clones be detected in this case?
It's clear that you can't.
There is a way to protect yourself. An absolute way.
What only the real signal provider and nobody else knows? - Correct, it is information about the trade transaction before it takes place. It means that the provider has to send to the MQ server the information unambiguously identifying the future transaction. If no such information has been sent, then we are dealing with a copier.
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This is a kind of appeal to the developers.
The fact is that the signal service can make money, and quite tangible money at that... But not to the true owner of the account.
The piracy scheme is as simple as two cents - we poke around the forums, monitoring, PAMMs and look for accounts with investors or get the account investment password under the guise of investors to "look".
Then this account is freely added to signals with payment. There is almost zero action, a penny is almost guaranteed, if there are a couple hundred accounts and at least a few normal ones, then it is bread and butter.
It is clear that this is essentially wrong and should be stopped.
Yes, if the owner detects such a situation, he can just change the invest. But he may remain in the dark for a very long time. And if the investor is changed, your other clients, the subscribers, will suffer.
But it's easy to make protection and all self-respecting monitors have it.
The only thing you need to do is to make the confirmation of trading rights desirable or mandatory for paid signals, and at least consider the presence of trading rights in the signals rating.
You have two options
-- The order with the comment generated for the service user.
-- The most important thing is to change the account password to a password that ends in mql5, for example.
It will not affect people publishing their friends' signals, because you can always ask your friends to change the investor to the right one.