Identify Manipulated Trading History and Flag Broker Votes Results
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Identify Manipulated Trading History and Flag Broker Discussion
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RedRhinoLab

Członek od Dec 03, 2013  631 postów RedRhinoLab Apr 05 2015 at 13:47
How to identify manipulated trading history?

Follow the Ticket Numbers.

The ticket numbers MUST be in ascending order otherwise the trading history has been manipulated.

Step 1. Please include the ticket numbers into the Trading history tab. Optional if necessary.

Today, we can view the ticket number of the orders by clicking on the Symbol of the trade within the TradeHistory. then myfxbook will show the actual trade in the Trading Browser window ( Actual Data Chart appears ). Once we are viewing the Trading Browser chart, we can click on the B or S to see more information about this particular trade and at this point we can see the actual Ticket Number of the position. If you allow the Ticket Number in the trading history, your website can easily spot out and find manipulated trading history and Flag the trading system.

 Just like how the accounts must be verified as real and authenticated , it is time to prevent brokers from manipulating trading history.




If the Ticket Numbers are not in ascending order, we know the trading history has been manipulated and now we can Flag the broker as dishonest/Scam.

This feature is needed because MT4 brokers can adjust the trading history as needed/ as necessary.


Załączniki:

Paracelsus66

Członek od Feb 04, 2012  85 postów Paracelsus66 Apr 06 2015 at 02:38
EXCELLENT THREAD! It was really needed as the number of manipulated ('cooked') accounts have exploded recently on MyFxBook. Currently the only assurance of an account being REALLY verified is if it were running at a reputable broker.

Thanks, RedRhinoLab!

forexstriker

Członek od Mar 22, 2010  31 postów forexstriker Apr 06 2015 at 06:23
Yes, MyFXBook needs a brokers' 'Hall of Shame'.

thesupremeforex

Członek od Apr 25, 2014  249 postów thesupremeforex Apr 06 2015 at 09:48
Hi,
label the broker as scam broker who manipulates history!

Help others
aeronthomas

Członek od Dec 04, 2010  1557 postów Ozzie Matt (aeronthomas) Apr 06 2015 at 10:33
very good idea, as yes seem like brokers could be working with vendors in some cases to cook the books.

pc8multifx

Członek od Sep 04, 2009  879 postów pc8multifx (pc8multifx) Apr 06 2015 at 11:16
Excellent suggestion!

Paracelsus66

Członek od Feb 04, 2012  85 postów Paracelsus66 Apr 06 2015 at 12:23
So far all 'Holy Grails' on MyFxBook have turned out to be results of collaboration between SCAM ARTISTS and SCAM BROKERS.

Until they are weeded out we should trust 'verified' results only from mainstream brokers. Anybody with the 'Holy Grail' could easily set up an account with a reputable broker and reproduce the results with them. If they are not willing to do that, it is a BIG RED FLAG.

RedRhinoLab

Członek od Dec 03, 2013  631 postów RedRhinoLab Apr 07 2015 at 06:53
Thank you for all the votes for this suggestion.

I need to elaborate a little more to make sure this feature is implemented correctly to flag the dishonest activity associated with MT4 brokers.

We also need to know if the ''Ticket numbers do not have any gaps between consecutive orders''.

What I mean by this is if

EURUSD trade #1 is ticket number 1111 and if trade #2 is ticket number 1112 , trade #3 is ticket number 1113, etc , this broker and Trading statement needs to be flagged. This indicates that the trades are being isolated on a private MT4 server and no other traders/clients are using this same MT4 server.

Trade #1 is the first trade within the trading history and trade #2 is the next open trade of that same Currency Pair.

If this pattern, ' currency pair has consecutive ticket numbers ' through the trading statement we need to know from what dates. Is it for 1 day, or is it for 1 month, or more than 1 year.

If the currency pair has consecutive ticket numbers within 1 minute or even 1 day, maybe that is ok because I guess an unknown broker may have only a few clients and only 1 trader may trade that currency pair so that one trader could have consecutive ticket numbers for 1 day in a row, but a popular broker has many clients and it is rather difficult to have two consecutive ticket orders unless the open time is within the same minute.

If the trading history has consecutive ticket numbers for more than a few days, we should be indicated by a YELLOW Warning.
If the trading history has consecutive ticket numbers for more than one week, we should be indicated by a ORANGE Warning.
If the trading history has consecutive ticket numbers for more than a month, we should be indicated by a RED Warning.
If the trading history has consecutive ticket numbers for more than a year, we should be indicated by a SCAM Warning.

RedRhinoLab

Członek od Dec 03, 2013  631 postów RedRhinoLab Apr 07 2015 at 06:55
Paracelsus66 posted:
So far all 'Holy Grails' on MyFxBook have turned out to be results of collaboration between SCAM ARTISTS and SCAM BROKERS.

Until they are weeded out we should trust 'verified' results only from mainstream brokers. Anybody with the 'Holy Grail' could easily set up an account with a reputable broker and reproduce the results with them. If they are not willing to do that, it is a BIG RED FLAG.


I agree with your statement and I would also like to see the holy grail systems to trade at more than 1 broker to clarify that the results are in fact REAL.

What is mainstream and what is reputable is difficult to say who is what. Regulation doesn't seam to matter, the age of the broker doesn't seam to matter, and only thing that really separates the brokers today are the platforms that they offer. If they only offer MT4 it is difficult to say that broker is reputable but I would assume some will argue.

For all I know, the scams are clearly from MetaTrader Only brokers.

RedRhinoLab

Członek od Dec 03, 2013  631 postów RedRhinoLab Apr 07 2015 at 06:57
To conclude the Feature again

1.) If ticket numbers are NOT IN ASCENDING ORDER ( for ALL currency pairs ) based on OPEN TIME , Flag the trading history

2.) If the Ticket Numbers DO NOT have gaps between the Ascending order from that SAME Currency Pair , Flag the Trading History

3.) If the Ticket Numbers DO NOT have Gaps between the Ascending Order from ALL currency pairs, Flag the Trading History

Thank you again for all the votes.

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