Important - Auto Update Issue

Iroa posted:
What about the autotrade demo accounts? I notice mine hasn't been updated recently either. Since we don't have access to those accounts to put an ea on. Does that mean that's also canceled now?

No, it is not cancelled. We're working on a load issue which should be fixed within a few days. This has no impact on trade copying.

petays posted:

canman888 posted:
Ethan, they say you and others have hacked their API. Is that so?

I wouldn't say that 'hacked'.
Maybe reverse-engineered is a better word.
When MT4 was lauched security was not a concern at any level in their product line.

If you want to connect directly to any MT4 server you can do it just buying (or inventing your own) such reverse-engineered solution.
For us customers this is very convenient because we don't have to do anything and it just works!
Or worked until now 😡

If MetaQuotes would publish an official API to access MT4 servers legally we would not be in this situation at all.
And lets hope that they will publish API access for MT4 servers soon!

Will not you be so kind as to explain the difference between burglary and 'reverse engineering' of the transport protocol?
And you in this case are different from the 'carders' stealing money from other people's accounts?

Did you think of changing you Internet IP address of your server(s) ?
According to thinkforex investigations, MQ block some IP ranges, so if you can change your IP address you may workaround this glitch.

I do not know did MyfxBook hacked MT4 protocol but for me it is absolutely clear what Metaquotes do. They sleep for years, rarely listen to their own clients and now decided to get more and different market share - or at least try.
Ofcourse it is done by typical way they work: arrogantly and peremptorily. But that is the way one (monopolist) could success but may not as well. The future will show.
Do not be surprised when they (MetaQuotes) start a monitoring service :) Everyone's hopes are that it will be for better but I definitely do not like the method of achieving it.

P.S. If MyFxBook just connects to an account, download the history, exporting it via the MT4 client, I do not see any hacking, back engineering etc.

mirusevxs33 posted:
P.S. If MyFxBook just connects to an account, download the history, exporting it via the MT4 client, I do not see any hacking, back engineering etc.

Yes, it can be done also that way. And there's one product for that I know: mt4 java api jfx. And its reasonably priced!
But that doesn't prevent MetaQuotes from blocking you if you open 100's of connections simultaneously to a single broker in rapid succession to poll all accounts there.
It just depends what kind of algorithm they use for the blocking. And have they changed the protocol slightly to detect genuine clients from hacked clients.

And remember that Myfxbook is not the only service that has run into these connection problems lately.
Its all about money, like trading 😁

petays posted:

mirusevxs33 posted:
P.S. If MyFxBook just connects to an account, download the history, exporting it via the MT4 client, I do not see any hacking, back engineering etc.

Yes, it can be done also that way. And there's one product for that I know: mt4 java api jfx. And its reasonably priced!
But that doesn't prevent MetaQuotes from blocking you if you open 100's of connections simultaneously to a single broker in rapid succession to poll all accounts there.
It just depends what kind of algorithm they use for the blocking. And have they changed the protocol slightly to detect genuine clients from hacked clients.

And remember that Myfxbook is not the only service that has run into these connection problems lately.
Its all about money, like trading 😁

That was exactly my point... If they use that method, there is nothing hacked.
Yes, they are not the only service... Perhaps VPS providers are hackers too 😇
For example, I personally know a man, who was blocked being just a trader... in the middle of the week, he could not access few accounts - could you imagine that! And that is just one example, but there are plenty

So can somebody enlighten me as to what is actually going on please? Is it that Metaquotes are blocking access to MT4 histories?

As far as I know, the blocking of the access of multiple accounts from the same IP was mainly against Zulutrade and other signal providers. Why did they block the investor access, I have no idea. Maybe it generated to much traffic?

DominoFX posted:
As far as I know, the blocking of the access of multiple accounts from the same IP was mainly against Zulutrade and other signal providers. Why did they block the investor access, I have no idea. Maybe it generated to much traffic?

The 'investor password' is blocked ? That's why my accounts can't be verified anymore ! Is there one solution ?

DominoFX posted:
As far as I know, the blocking of the access of multiple accounts from the same IP was mainly against Zulutrade and other signal providers. Why did they block the investor access, I have no idea. Maybe it generated to much traffic?

My Zulutrade accounts are not affected, so I am not sure that this is the reason.

OK, I managed to get the EA to work, I had entered my email address in lower case, whereas the EA is case sensitive.

xrustx posted:
Will not you be so kind as to explain the difference between burglary and 'reverse engineering' of the transport protocol?
And you in this case are different from the 'carders' stealing money from other people's accounts?

I read through all 7 pages of oddly-translated-from-russian comments on mql5.com. The only way I could charitably give them a point is if there's some terms & conditions that brokers sign when they obtain the MetaTrader platform from MetaQuotes. If they state that they won't allow third-party access or something like that, then I suppose maybe the BROKERS could be in violation of a contract with MetaQuotes. Please note that I'm not saying this is the case, but just that it's the only potentially valid point in there I can think of. And even that is 100% conjecture. Regardless, the official MetaQuotes stance on that thread is so odd that I really can't comprehend it and wonder what I'm missing.

On to your question (accusation?): if Myfxbook reverse engineers a protocol, it is NOTHING LIKE burglary or carders stealing money. If you honestly don't understand this, now you know. Reverse engineering a protocol happens all the time in technological circles, and there is nothing inherently wrong with it. The only thing 'wrong' with it is that it's an undocumented feature, which leaves it open to being changed or removed at any time.

A couple years ago, I started a company built on some products MetaQuotes offered. I thought it was a good idea. I let them know about it and got a couple responses, and suddenly everything went quiet. I finished the product, it all worked technically, and then, what do you know, MetaQuotes put out essentially the same thing. That's been my experience dealing with the company. I'm not saying they stole my idea as they were working on it in parallel, but they seemed to have no interest in working with me even though having me incorporate their system would have been a win-win.

In this case, as has been mentioned numerous times before, if MetaQuotes offered an API, they could even charge a reasonable amount for it and likely all these third-party companies like Myfxbook would be happy to use it. The companies that usually do best are the ones that provide an open ecosystem for use of their products. This is standard with pretty much every software company out there, from Salesforce to your credit card processor to Microsoft to ... well, everyone except MetaQuotes. Even Myfxbook has a published API to encourage third-party use and development.

The official MetaQuotes comments from Renat seems to be this (translated from Russian):

Not everyone has noticed how changed our approach. From the creation of a free infrastructure for the other, where a bunch of third-party companies receiving of benefits from ecosystems created by us, we moved on to note just in their own hands. Our services are developed and launched new ones, so wait for news.

While third-party companies have received benefits from MetaQuotes, MetaQuotes is also receiving benefits from third-party developers. The more tools like Myfxbook there are, the more attractive MetaTrader becomes compared to the competition.

The real point here is 'our services are developed and launched new ones, so wait for news'. I'm not sure if this is news of a documented public API, or news of competing services, but either way I guess we'll find out soon.

This is plain shit from metaquotes.
It is my right as a trader to let other access my account with the investor password.
MQ is not respecting traders, at first.
I bet they want to protect their built-in copy-trade service.

jagui posted:
It is my right as a trader to let other access my account with the investor password.

It might be not so straigthforward unless your are sure that you understand all involved license agreements 100%.
IMO there is four parties here: you, myfxbook, your broker and MetaQuotes.
You should have license agreement/POA/LOD with all three other parties to be sure that you know what you can expect from other parties and vice versa. Legally this can be quite complicated even if we are not talking about hacked protocols.

If you give Myfxbook your master password and POA/LOD to trade on behalf of you then you could sue your broker if they are blocking Myfxbook, I think. Even though it is not your broker fault but MetaQuotes. I'm not a lawyer so this is just speculation...

When some people get rich they tend to be arrogant. Maybe M***Quotes is getting too rich?
And when things turns to be about legal issues, we, the customers tend to be in the weakest position!
If you have read for example Myfxbook license agreement (terms and conditions) you know what I mean.

And thank you beren of your interesting story, I agree that will find out sooner or later what's behind this 'scheme'.
(money, i'd say)

Metatrader is at war with its entire client base. If they want to control everything at the expense of allowing users the choice of best-in-class services, then they are on their way out. This is the approach that Apple took in the 80's which is why 92% of the world has Microsoft on their desktop. They have already proven that they are out of touch with user requirements in their disastrous MT5 implementation (every EA I have written hedges either intentionally or not). I am converting my robots over to cTrader. A healthy eco-sphere of services is critical to this industry I and hope that it's not too late to avoid the elimination of all the good third-party providers (myfxbook, Zulutrade etc.).

Since I re-loaded the myFxBook EA to each of my accounts yesterday they have continued to update normally however I too have the Verification problem of the Investor Password being blocked or coming up as Wrong.

The same problem - EA updates all of my accounts normally, but there is no verification. I think they must do something about it as soon as possible, otherwise Myfxbook will lose a lot of its credibility.

GBLab posted:
The same problem - EA updates all of my accounts normally, but there is no verification. I think they must do something about it as soon as possible, otherwise Myfxbook will lose a lot of its credibility.

Verification is already running and will take several hours to complete for all accounts. New accounts can also use the 'connect' button in the account settings which will verify the account immediately.

Staff posted:

GBLab posted:
The same problem - EA updates all of my accounts normally, but there is no verification. I think they must do something about it as soon as possible, otherwise Myfxbook will lose a lot of its credibility.

Verification is already running and will take several hours to complete for all accounts. New accounts can also use the 'connect' button in the account settings which will verify the account immediately.

Sorry, but the connect button will not verify the account using the EA. The message given is: cannot connect to your account. Please check the login credentials. The Credentials are correct, but it still will not verify.