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Old 04-12-2009, 06:06 PM
ciabelle ciabelle is offline
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Quote:
Originally Posted by forexhog View Post
I am not a programmer, but I have heard that it is possible to have stop losses executed by the EA internaly at set prices, without the broker being aware of them. Am I mistaken in the way I understand this?
The real question in terms of benefit/risk IMHO is which is a greater threat: That your broker will trade against you in such a way to force a SL and/or prevent a TP? Or that your computer, internet connection, power source, EA, or even MT4 crashes -- preventing your hidden order(s) from executing at all and thus your trades go on unmanaged either toward astronomical profits or, more likely, into a margin call?

I may be naive. While I'm sure there are a few bad brokers out there, legitimate ones are far more interested in treating their clients fairly. They want to generate more revenue through more trades/volume (via the spread) than by trying to force investors out of their positions and onto other brokers or out of FOREX investing entiirely.
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