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Trading History Manipulation

ForexScam
Apr 27 2011 at 20:45
1008 posts
Manipulation of trading history works like this:

You have your rules and strategy laid out. - (Think of a trading simulation where you are back testing your strategy.)

You watch the market and you see a potential setup. The setup looks good and if you entered 10-45 minutes ago, you would already be in a good position. -- Now that you know the setup would have worked out in your favor, you manipulate the trade history and place a trade at your signal. At this point, you can Update your MFB account and display your open position.

Now since, you can not watch the market 24/7 or if you are trading from Mobile, you have to set your Stoploss, or Limit orders to protect your investment until you can come back to your computer and watch for another potential setup.

Once you see another good/ potential setup, you wait to see if the signal in fact works. If the signal is a success, you enter your position at that signal, and set your SL and Limit orders until you can watch the market again.

Manipulating your history is basically giving you the ability to see into the future and make trades based on old historical data.

If you were a Black Jack player, you would be able to Win more often as you would know what is the next card is coming out.

Just imagine if you were a scalper that had a data feed which was 1 minute faster than your current broker. Can you imagine all the pips you would make? - Theory behind Arbitrage, only in terms of milliseconds.

What information have you came across about hacked copiers of MetaTrader, and what claims do you have on Trading history manipulation.
James_Bond
Apr 28 2011 at 06:43
556 posts
ForexScam, I must comment on your post - the method you've described is called TRADING.
You're suggesting to wait until a signal works, ie the price goes your way, then wait for it to retrace and enter the signal again. How is that trade history manipulation?

I see you're not familiar with statistics, so please let me share some important data with you - the success rate of a trade entering in a signal and the success rate of entering the signal on a retrace is identical.

The process you've described is simply another trading technique and not in any way a trading history manipulation. In fact, if the above works for you, then you're a successful trader.

I don't think there are hacked copies of MetaTrader - I've heard about it before, however never seen one. The issue here is that anyone can pay up the $100k fee to MetaQuotes and buy their own MetaTrader server, then manipulate it.
ForexScam
Apr 28 2011 at 07:32
1008 posts
MFB has well over 300+ mt4 brokers to choose from and there is no over site on this matter.

If you can provide a website - doman - a Mt4 IP server address, you can claim to be a Broker. To open your own Legitimate mt4 broker, you only need a small amount of funds < $50k for startup. It is a small price to pay to have the ability to have a copy of metatrader. Once you lease the software, you can manipulate anything you want. trader history, deposits, withdraws, etc. Anything that a broker can do.

Trading at an honest and well known broker is the only way to display that the accounts are real. If you are using some broker that no one has never used or heard of, than we must be skeptical.

Forex Peace Army has a great list of Mt4 brokers to give you an idea of all the companies. This website has also done a great job at exposing scamming brokers.

Im sure you have heard of profitable traders that never received their withdraws from these scamming brokers. The truth is that most Mt4 start up companies/brokers, Never think traders will make a profit and withdraw the funds. And when they do come across a successful trader, they will add delays, requotes, off quotes, slippage etc, to the traders account by using the Metatrader Broker Plugin. Metaquotes designed a Plugin that will give traders Unfair trading conditions. Even Gain Capital used such a system and was Fined by the CFTC in the USA.

https://www.nfa.futures.org/news/newsRel.asp?ArticleID=3676
ForexScam
Apr 28 2011 at 08:11
1008 posts

wilkinson posted:
  

I don't think there are hacked copies of MetaTrader - I've heard about it before, however never seen one. The issue here is that anyone can pay up the $100k fee to MetaQuotes and buy their own MetaTrader server, then manipulate it.

Welcome to the world of IT professionals.

What I mentioned above, is the basis of simulation trading.

1.) you see what happens real time
2.) Since you know which way the market goes, and how much it moves, you can now place your trades within the historical data--- It it similar to backtesting with metatrader strategy tester. Since you have the historical data, you can fine tune your setting within your EA to maximize the results.

I wasn't implying a real time strategy as you mentioned. I was referring to making a trade within the history after the move has already begun. Lets say EURUSD spikes up 100 pips at a news release, now that you know the move, you enter your position in the platform as if you had the position entered BEFORE THE 100 Pip spike.

As far as hacked copies of Metatrader, I do not think you even need a copy of Metatrader, since the Mt4 publisher is a simple HTML format. which can be changed as you wish.. I am sure all you need is a website with Login access with html data for MFB to verify the history -

Also you can change everything once Mt4 publisher is generated. You can change the brokers name, deposits, trade history etc. - Now this is only good for screen shot manipulation or for Uploading statements to another Forex statistic publisher. (there are several) but for MYFXBOOK things get a little tricky.


How to list your brokerage on Myfxbook(MFB) = Maybe Staff can help us with this

1 - you need to submit your IP address for the server. Website - etc - ( Being regulated isn't needed obviously)
2 - Once your bucket shop is listed on MFB - you can provide your login details for verification
3 - You can enter a trade - position - ''data String'' into your platform - website - etc with the verification code provided by MFB to verify trading privileges
4 - Once your phantom account is setup, you can now engage in Simulation Trading and update your account as needed aka. delayed Real-time ( 5 minute interval is the fastest possible)

Like I said above, I do not believe you must have a copy of Metatrader, because you can create a website that can handle this Verification process.

And there you go. Now your account is verified - Hide your broker -- therefore no one can prove you are in fact manipulating the results.

And do as you wish == scamming investors is the most common, selling commercial bots is second, and training new traders is third.

This is the importance of displaying the BROKER and this is the reason why so many ask to display the broker. We have discussed this topic over and over again, and MFB and once again improved this site by adding my transparency.

Now, if your system is Public, you have to display your broker. And so far, several accounts have already been deleted.

Thank you MYFXBOOK for making this the best and most transparent trading community. -

😀

 



speki
Apr 28 2011 at 09:03
735 posts
Bradeski, could you sum it up in a nutshell, how does one do 'trading history manipulation'? Do I need to run a rigged MT4 server so I can put in trades when I see what would have been a profitable trade?

I've read it a couple times but I'm a bit confused. Thanks
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
ForexScam
Apr 28 2011 at 09:25
1008 posts
The first solution is to be a broker - as wilkinson stated. All you need is some Money and Metaquotes will be happy to setup the brokerage for you.

The second option is to use this option : Other Broker -

''If your MetaTrader 4 broker is not on the list, select 'Other (MT4)' option, and kindly contact us.'

At this point an IP address must be given to MyFXbook to verify your account. Only Myfxbook can help us with these details.

 300+ Metatrader brokers available on the Account Setup page..😲



linc
Apr 28 2011 at 10:35
19 posts
ForexScam posted:
    
wilkinson posted:
  

Thank you MYFXBOOK for making this the best and most transparent trading community. -

😀

 

You are very funny man. First you in round about way call myfxbook idiots because their system can be scammed and then you give them compliment by saying they are the best. 😀

You think myfxbook simply adds new broker to their list without doing some checking? Only myfxbook can tell us if their system is scam proof from people who can do the things you say.

Since you seem to know lot about this mt4 scamming, as experiment why not show us that what you say is so easy to do by doing it by yourself? You also say even without mt4 server this is possible with publisher. Then we can believe that there is scam problem with mt4 brokers here on myfxbook. And also myfxbook can prevent that. Otherwise what you say is all just imaginery/parnoid things.

When you just say scam scam all the time everywhere, even if it is a real scam then nobody will believe and because of that we can finally get scammed. Like that wolf story. 😀
James_Bond
Apr 28 2011 at 10:36
556 posts

ForexScam posted:
I wasn't implying a real time strategy as you mentioned. I was referring to making a trade within the history after the move has already begun.

Ok, I see your point. I was thinking you're referring to a real-time strategy.

In that case, I definitely agree with you - purchasing/leasing a MetaTrader server opens the door to manipulation of the trades. I think this issue is becoming more and more on a larger scale as MetaTrader keeps gaining popularity. The white labels firms make it even easier as they are reducing the cost for setting it up and lure in newcomers.

Forcing to show the broker on public accounts is a brilliant idea.
ForexScam
Apr 29 2011 at 00:42
1008 posts
Yes, the White Labels will add to the brokers list. ( Even ATC Brokers is a white label for FXCM -)

Myfxbook understands this situation very well and is now enforces, ''all Live accounts (public) must display the broker''. -Thank you MFB.


How this will help the community?

 Is that if the results are outstanding and if any commercial interest are spoken of, we (investors, traders) can research the Broker and come to our own conclusion.

The verification process that MFB uses is as far as it can go. They have done the best that they can.

--Trading privilege verifies the (Uploader) is actually making the trades
 
--History verifies that the trading statistics are from the Start date of the account to most current.

-- And the Broker is now the last step to ensure Real results.
linc
Apr 29 2011 at 12:11
19 posts
ForexScam posted:
    

As far as hacked copies of Metatrader, I do not think you even need a copy of Metatrader, since the Mt4 publisher is a simple HTML format. which can be changed as you wish.. I am sure all you need is a website with Login access with html data for MFB to verify the history -


So are you going to do a demonstration of this hacking with publisher and show what you say is possible or I have to say that you are talking from your backside. It is good of you to want to protect us from scammers, just like uncle Sam tell his people which brokers can be used (only US brokers) and how to trade (sorry no hedges) and what leverage (only 1:10 more than that not good for you).

We don't need uncle Sam type of people here also. We are not children. We have own brains to use. We are not stupid people to just give money away to some bank account. We know, if it is for managing it has to be in broker we know is good and in our own account name. So it is our risk in choosing good trader.

Why not you go to those HYIP forums and save all the people there by telling them HYIP is ponzie and save them from scammers? That is 100% scamming no? HYIP is?

Who are you going to chase away next from here with your nonsense talk? I say nonsense talk, because you are just talking without showing anything. So I say once again, do it and show, this scamming myfxbook with mt4 publisher thing so we know what you say is right or close your backside and be silent.

Nonsense man. 😇😇
speki
Apr 29 2011 at 12:50
735 posts
ForexScam, I think you had some interesting and smart ideas regarding cents accounts and I'm sure it would be hard to scam you because you're very alert. Nevertheless I have the impression you'd make a good journalist - write a long, entertaining article with lots of theory, and not so many empirical facts.

I think you could somehow setup a rigged MT4 server or show us a hacked MT4 if you think this manipulation stuff is indeed works. Show it please, if it's possible. Until that it's theory.

Linc, please have a look at the Strategies section, for example Limitless EA or The Great Pretender. They're uploaded MT4 strategy tester outputs - you could upload anything you please - yet people are begging the authors to share their mega hot strategies. I could also mention Dominic the Super Scalper or other Arbitrage EA mongers from the past - I think you're mistaken if you think people will not wire money to offshore accounts in the hope of mega profits.
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
ForexScam
Apr 29 2011 at 17:55
1008 posts

speki posted:
    Until that it's theory.


I will be speaking with a programmer regarding these matters.
Opening up a public project and demonstrating this theory live, would be helpful to the FX community.
zzzero
Apr 29 2011 at 19:18
1367 posts
ForexScam posted: I will be speaking with a programmer regarding these matters.


zzzero
Apr 29 2011 at 20:32
1367 posts
forexscam,

i understand what you are talking about.

quite perhaps this is an example of this situation:

https://www.myfxbook.com/members/HellboyFX

https://www.myfxbook.com/members/HellboyFX/growthfx/82208

notice that this live account was started with exactly a one million dollar deposit.

i find this to be suspicious.

and then, if that isnt clue enough, nothing about it is verified.

and, the EDGE CAPITAL MARKET broker is nowhere to be found.

i did find one tiny question about edgecapitalmarket at a broker review website and NOBODY commented on it.

now, who deposits a cool million bucks into an unknown broker?

hello.

of course, tho, hellboy does state that he has some cnbc ads coming out soon.

and, he likes to wear blue neckites, speki says that this is an indication that he is for real. ;)

again, hello.

<img src='https://t2.gstatic.com/images?q=tbn:ANd9GcQ1ylzfKLd6rBnQxlfq9PUxcEG4lGWGGuTMR9ArbDYmpEsDaT0C'>

also, notice that myfxook does not pay any attention to this publicly, probably dont want peeps to start thinking that their site isnt credible.

on the other hand, i could be all wrong about this.

z/.
zzzero
Apr 29 2011 at 20:56
1367 posts
<b>Also, an important change – in order to increase transparency, we’ll be removing the option to hide your broker, in a week’s time. Anyone with a public account, will have the broker information showing.</b>

https://blog.myfxbook.com/

ForexScam
Apr 30 2011 at 10:06
1008 posts
The ability to manipulate the trading history within Metatrader :

 If you are the broker - Leasing software from Metaquotes., yes, you can do anything that you wish.

Is it possible to manipulate the trading history if you are not a Broker? Discussion below.

I've spoken with two programmers and it is possible. However, the complexity can be simple or very complex.

First, the user would have to contact Myfxbook and meet their special criteria to enable the users server IP address.

 - If MyFXbook contacts Metaquotes to ensure that the user(phony broker/legit broker) is in fact leasing the software, than it is not possible to manipulate the trading history. --( If you are NOT A BROKER with leasing privileges)
-If Myfxbook does not authenticate through Metaquotes, we move to step two. ( This means that now your Ip Server is listed on Myfxbook brokers list.)

Secondly, the user has to know the protocol for the metatrader platform (communication). This is the complex part. Considering that Metaquotes is a Russian engineered software, the highest probability of gathering information (social engineering) would be in Russia. - Is it possible to get the algorithmic key? It is very slim. It is something that would never be discussed publicly and a personal relationship with the developers of Metaquotes is your best chance. This does not mean that it has not been accomplished, but like I said, this is the most difficult part.

- Public-key cryptography - This is the handshake that allows communication. Without having the special ingredient (key), you would not be able fake the verification process that Myfxbook does.
- If you do have this key, the technical side to create your very own website for Myfxbook - investors - members - etc to login and verify your trading history is doable. You can create your own history, spool real time data feed (quotes), display real time trades, etc.

-https://en.wikipedia.org/wiki/Public-key_cryptography

Maybe MyFxbook can help us out here and tell us the process taken to ensure that the brokers listed are in fact leasing software from Metaquotes.

ForexScam
Apr 30 2011 at 10:19
1008 posts
Now remember.

You and I can both upload anything that we want from Metatraders Publisher. The account doesn't have to be ours, it doesn't have to do real, and in this case the words ' a hacked copy of metatrader' is normally used. Because of this, trading results are meaningless without full verification.

Myfxbook is one of the only resources available to verify real trading accounts. If the trading history or trading privilege are not verified, there is absolutely no creditability.

Hidden brokers has also been a huge concern, because of what I mentioned in my last post and from the claims of other members here. ZZZERO has also made a powerful claim is his last post.

At some point in the near future, I would suggest only trusting results at regulated brokers.


 
zzzero
May 01 2011 at 00:09
1367 posts
fwiw, i have not taken the time to see what is involved in communicating with a metatrader server...

but, keep in mind that the fine folks at myfxbook obviously know how to communicate with a metatrader server..

dont they?

of course they do.

when i register a metatrader trading account here, i supply the investor's password and i tell them which broker/server to communicate with and they somehow query my broker's trading server, so i would assume that either they have jimmy rigged something up or else the documentation is available out there in internetland somewhere about how to do this.

they query the server at my broker to check for a limit trade with the AUTHORIZATION KEY that is provided when i register an account here at myfxbook.

my question now is that what if after i have initially fully verified my account, does myfxbook periodically re-verify the veryification process?

this is importaant.

what would prevent me from going thru the verification process anad then after the verification is complete, i just auto-generate whatever kind of report that i want and then just ftp it up to myfxbook?

if myfxbook does not at least periodically re-verify that the trade history/open trades stuff reconciles with what is on my broker's server, then even a fully verified account's trading history could be bogus.

z/.



ForexScam
May 01 2011 at 01:03
1008 posts

zzzero posted:
    fwiw, i have not taken the time to see what is involved in communicating with a metatrader server...

but, keep in mind that the fine folks at myfxbook obviously know how to communicate with a metatrader server..


z/.
I'm not a tech guru, but the verification process and the public key are completely two different things.

Myfxbook probably has a script that does the login , verifies the trading history, and looks for the verification code in the comment field.

This is the same concept of me asking you for investor password, plugging in your brokers IO server , and logging into your account. Once I have logged into your account, I can pull up your complete trading history, from first deposit to last trade taken, check to see if you have placed a pending order with My special code name to prove you have trading privilege and thats it.

This doesn't mean MFB knows the special ingredient to communicate with Metatrader brokers server.

I am sure you are aware, that we can login into any brokers server from what ever brokers platform that you use.(fxcm, ibfx, bucketshop etc.) by
1.) having the actual Ip server address - https://www.forex-tsd.com/metatrader-4/3504-list-mt4-demo-server-ip-addresses.html
2.) by having the SRV.file in the config folder of the metatrader directory.


Does Myfxbook Continue to check history?

 I believe so. An easy way to confirm this is add an account, verify it, trade for a few days, CHANGE your investor password, and continue to trade. Once the stats continue to roll in, the account must be verified continuously. You will see below the Trading History verification that says Verified on 04/30/2011 20:25.... And in the past, I am almost positive that it included the trade count 103/103 verified.

Hope that helps.
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