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Originally Posted by drgoodvibe
to be honest, I really doubt even a few hundred people using the same EA will have any effect on changing the way the market works. Most of us are using very small accounts if any are using live accounts at all.
You also have to remember that almost all Mt4 brokers use different data, therefore each EA operates differently depending on the broker. I have seen EA's open one trade while not opening a trade at the same time on different brokers. Now if a group of people were trading with a few million dollars, then you have an argument..
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mate! no hard feelings, but you still dont get the idea of VOLUME. say if the EA decided to go long on 118.00 on USDJPY. 5000 people using the same EA open trades with 5000 accounts with 1 lot........who is going to sell 5000 lots to you with that price??? forex market is turn over 2 trillion dollars a day, but not 1 price at 1 currency pair! And there's another issue here, you're on leverage of 100:1....5000 lots, thats 500million units!!!! you're actually asking a borrow of 495million dollars from the broker to trade against Bernanke!!!