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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. 😇😇

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