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watch out for the free ea's and robots
Last Post 28 Jan 2011 12:09 PM by farizu. 13 Replies.
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farizu
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farizu
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29 Jul 2010 05:23 PM  
Folks do not use any free ea's or robots in your live accounts if the ea's have .dll files. The dll files are capable for transmitting details about your account back to a server belonging to the ea creator and so compromise the security of your live accounts!
dongini
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dongini
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30 Jul 2010 12:40 PM  
now thats one nice piece of info, but why should fellow traders need such private info, very soon they would be able to make withdrawals fro ur account without ur consent
farizu
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farizu
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31 Jul 2010 06:20 PM  
Posted By dongini on 30 Jul 2010 12:40 PM
now thats one nice piece of info, but why should fellow traders need such private info, very soon they would be able to make withdrawals fro ur account without ur consent

This is exactly what i was warning about. So if you suddenly find an unexplained withdrawal, check to see if you have been using any of these free ea's.











alice
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11 Aug 2010 12:53 PM  
that's rude too. minute ago i post some ea case on the member longe at the 'moderator alert' thread. please do some check. some says brokerage nowadays could read your ea setting, and do some act with it, the your ea will do some error act, totaally different when we use to back test. gotta diggin more info for this one. as now still have no idea why such an famous ea would do some mistake, a very uncommon mistake.
dongini
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dongini
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13 Aug 2010 03:22 AM  
i think i have heard something like that somewhere , something about EAs with dll setting or something similar to that, brokers would always find a way of milking clients
michaelfx
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michaelfx
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13 Aug 2010 05:13 AM  
Thanks Farizu,i have a lot of ea's with .dll files. thank goodness
TRADE WITHOUT LIMITS
https://www.exness.com/a/13141
http://www.acextra.com
farizu
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farizu
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13 Aug 2010 12:57 PM  
Posted By dongini on 13 Aug 2010 03:22 AM
i think i have heard something like that somewhere , something about EAs with dll setting or something similar to that, brokers would always find a way of milking clients
well you would be surprised at how much .dll files can do...right now i am working with an ea with a dll file that actually comunicates with a ftp server to upload not just signals but actual transactions. This is the next generation of ea's where people will not be able to decompile them and then copy them for free. But it also means that unscrupulous operators can down load the entire contents of your computer within minutes if they wanted to, so bank account details and passwords etc will be easily obtained.

In my opinion, only a fool would set up ea's with .dll files active without knowing who and what exactly is being sucked out of these connections.

alice
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alice
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13 Aug 2010 08:09 PM  
interesting, it's more dangerous than a phising act. unable to decompile could be mean more expensive tha usual ea. if the use 21 port as communicate, even they can shut dhown our computer if they wanted to :).
but fact is, all of these are make manual trade are much much better than having rely on someone else script, unless we can built one.
GridTrader
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GridTrader
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13 Jan 2011 08:08 AM  
NOT ALL DLLS ARE BAD

farizu, this is good info to know - regarding free expert advisors, however it is important too that traders don't become fearful of all EAs that use DLL's.

In most cases the DLL's that are used are already a part of one's Windows Operating System. For example a DLL can be used to tell an EA what time it is in your time zone. Many and maybe most pieces of software on people's computers use DLLs all the time. That's why they are there.

Though I appreciate your post and think it's very good info to know, my agreeing point here is that traders should only use DDL imports on EAs that come from sources that they trust.  But again I don't think traders should fear them every time they are used. DLLs can be very helpful too!

For example. I helped code the tbx tradebox expert advisor. It uses DLLs but not in a way that is harmful. One use of the DLL is simply to detect the charts background color. If its white, - the EA draws objects in black and if the charts is black it draws them in white.

Please don't misunderstand my post. I agree with you regarding Free EAs which is the main topic here.

Thank you for letting me reply in your thread.
farizu
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farizu
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13 Jan 2011 12:15 PM  
Posted By GridTrader on 13 Jan 2011 08:08 AM
NOT ALL DLLS ARE BAD

farizu, this is good info to know - regarding free expert advisors, however it is important too that traders don't become fearful of all EAs that use DLL's.

In most cases the DLL's that are used are already a part of one's Windows Operating System. For example a DLL can be used to tell an EA what time it is in your time zone. Many and maybe most pieces of software on people's computers use DLLs all the time. That's why they are there.

Though I appreciate your post and think it's very good info to know, my agreeing point here is that traders should only use DDL imports on EAs that come from sources that they trust.  But again I don't think traders should fear them every time they are used. DLLs can be very helpful too!

For example. I helped code the tbx tradebox expert advisor. It uses DLLs but not in a way that is harmful. One use of the DLL is simply to detect the charts background color. If its white, - the EA draws objects in black and if the charts is black it draws them in white.

Please don't misunderstand my post. I agree with you regarding Free EAs which is the main topic here.

Thank you for letting me reply in your thread.
A very well reasoned post, and I agree that as long as you can trust the source, then there should be no problems with using DLLs.

would you care to say more about the expert advisor that you helped code? What is the trading strategy it uses and how profitable is it?

alice
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alice
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17 Jan 2011 04:58 AM  
there's bunch of free ea out there, not count for re-paint one, for some they sold many re-paint ea.
if you dont mind please rate my ea at : http://www.myfxbook.com/members/mitrafx
i dont intend post promotional link here, please list your comments,and if you insist to have further detail (eq. statement)just pm me and give me your email address.
i'm new with EA developing i need every each kind of advise here.
thank you.
GridTrader
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GridTrader
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27 Jan 2011 12:06 PM  
@ farizu (i can't seem to quote your post), but to answer your question -

It is as profitable as you want it to be :)
Its a manual trading expert advisor. It lets you place your own trades directly from the chart.
Secondly , a person can use it to back test their own systems through simulated trading of past data.
farizu
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farizu
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28 Jan 2011 12:05 PM  
Posted By alice on 17 Jan 2011 04:58 AM$0there's bunch of free ea out there, not count for re-paint one, for some they sold many re-paint ea. $0if you dont mind please rate my ea at : http://www.myfxbook.com/members/mitrafx $0i dont intend post promotional link here, please list your comments,and if you insist to have further detail (eq. statement)just pm me and give me your email address. $0i'm new with EA developing i need every each kind of advise here. $0thank you.
hey alice just noticed this post and congratulations on your success with several ea's! You can always post your promotional link in the promotional thread in this forum to further publicize your ea's and may be get people to even sign up. Are you selling these ea's? $0$0
farizu
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farizu
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28 Jan 2011 12:09 PM  
Posted By GridTrader on 27 Jan 2011 12:06 PM$0@ farizu (i can't seem to quote your post), but to answer your question -$0$0It is as profitable as you want it to be :)$0Its a manual trading expert advisor. It lets you place your own trades directly from the chart.$0Secondly , a person can use it to back test their own systems through simulated trading of past data. $0
Thanks for the reply, now I understand what you were saying. There is one I already use along similar lines called magicstick.$0$0
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