Based strictly in a theoretical world.....
Say i have a 100% automated, mechanical EA that generates consistant profits month after month with no discretion whatsoever...
Would the broker you trade it with not realise that you have an automated EA doing all the work while taking money from them all along?
If the broker can see your SL and TP limits beforehand, does that mean they can also have access to the rules and indicators of the EA you're using? Surely its gotta flag up on their system if you're making consistant profits that if it works for you then it would probably work for them also....And if they hijacked your EA and traded it with some SERIOUS money then isn't there the possibility that it could effect the market in such a way that it would render your automated EA useless to begin with?
If the above is the case then aren't automated systems - no matter how successfull in backtesting and forward testing etc - completetly useless if they can be manipulated and "stolen" by other people/brokers?
Or am i just being paranoid??
Say i have a 100% automated, mechanical EA that generates consistant profits month after month with no discretion whatsoever...
Would the broker you trade it with not realise that you have an automated EA doing all the work while taking money from them all along?
If the broker can see your SL and TP limits beforehand, does that mean they can also have access to the rules and indicators of the EA you're using? Surely its gotta flag up on their system if you're making consistant profits that if it works for you then it would probably work for them also....And if they hijacked your EA and traded it with some SERIOUS money then isn't there the possibility that it could effect the market in such a way that it would render your automated EA useless to begin with?
If the above is the case then aren't automated systems - no matter how successfull in backtesting and forward testing etc - completetly useless if they can be manipulated and "stolen" by other people/brokers?
Or am i just being paranoid??