Is this a silly question?
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Show me your greatness and your trading system (EURUSD drop) 52 replies
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Complete Brokers ? 6 replies
DislikedNot really! I was trying to delete the default folder under Profiles; then, my mt4 gets a blank scream. The only thing they have to do is download the profiles (default) folder and they will have the system. Is there any ideas on how to protect your trading system from you broker?Ignored
DislikedWow.. this is a bit beyond paranoia.
Ok, a few things:
Brokers execute your trades. Forget charts and settings, they have your trade history in full. Save from splitting up execution between multiple brokers, they can figure out your strategy if they really wanted to do so.
However, why would they want to? Seriously, think about it, they have much easier tools at their disposal to generate revenue.
From a business point of view, I see no reason why a broker would want to take on market risk of trading strategies they have little grasp...Ignored
DislikedNo paranoia here bro, just being PRUDENT.
Now tell me who in this world wouldn't spy in a proven system?
If your charting is with your broker they can see everything you use, and how you use it. They can see you consistently draining money out of the market. Why not use the knowledge?
If something you discovered can add to their trading algos do you think they will not use it due to ethical reasons?Ignored
DislikedNot really! I was trying to delete the default folder under Profiles; then, my mt4 gets a blank scream. The only thing they have to do is download the profiles (default) folder and they will have the system.Ignored
DislikedSeriously speaking, even when the broker is actively taking on market risk to make a market for their traders, that process usually doesn't have a directional bias (in any trading strategy sense at least,) which is what most client traders are basing their systems on anyway.
Again, I'm not saying that all broker's don't trade themselves, and I'm not saying that all brokers wouldn't copy trade their good clients... I'm just pointing out that it doesn't make a lot of business sense for them to get caught up with such operations since the capital...Ignored
Dislikedif I were a broker I believe I'd be delighted to have winning clients. I would basically front run their trades as its not illegal in spot fx. I would then hedge their trades with a counterparty and still get some profits from the spread.
I believe several brokerages do this.Ignored
DislikedRetail brokers are looking for every edge they can obtain and if it means taking positions against their customers (which Retails shops do all the time) then that's what they'll do. The question is not one of brokers "moving markets" directionally. The issue is typically brokers who manipulate their price feed and all of them do exactly that on a daily basis. In fact, that's simply the way their business model works. They have to fit their "commission" in the form of a "spread" into their pricing engine one way or another. This is how...Ignored
DislikedThe real question is whether or not your Retail broker is further "augmenting" or "manipulating" the bid/ask levels near your Stop and/or Limit levels, to yield and advantage to the House, by either triggering your Stop, or failing to trigger your Limit - at a specific time. That is a very legit question and you really have to run multiple data feeds as a Retail trader to get a well rounded understanding of what the "real retail price" is at any given moment. They all use proprietary liquidity pools and that means that while some...Ignored
DislikedAre they trading against you? Of course, many of them are doing exactly that.
Are they manipulating their price feed? Of course, as a matter of routine business practice - they have to make a buck.
Are they pushing and pulling the Bid/Ask near your Stop/Limit levels to give the House an edge? That's a very good/smart question to ask.Ignored
DislikedNo paranoia here bro, just being PRUDENT.
Now tell me who in this world wouldn't spy in a proven system?
If your charting is with your broker they can see everything you use, and how you use it. They can see you consistently draining money out of the market. Why not use the knowledge?
If something you discovered can add to their trading algos do you think they will not use it due to ethical reasons?Ignored
Disliked{quote} To be clear, the topic was brokers "figuring out your trading system", not trading against you. That's an entirely different conversation. {quote} If a broker sends off-market quotes to your platform to triggers tops, (that is, not a glitch or bad tick that will later be corrected, but an actual attempt to hit orders by feeding in quotes that are off market) then that's activity that I'd say clear away from. Most brokers simply don't do this on purpose.. once in a while a liquidity provider will feed bad ticks to a broker and it will affect...Ignored