Invisible feet. An expert who can keep your secret from a dishonest broker
One of the problems when working with brokers is the lack of transfer of transactions to the real interbank market, when all operations are virtual and carried out within the company.
You may ask, why would a broker do this? What’s the point of bringing traders to the real market if nine out of ten participants merge?
It’s easier for a broker to arrange virtual trading and take traders’ deposits for themselves rather than hand them over to the market. There is practically no difference in trading internally or on the interbank market if the broker withdraws the profit.
But such a work scheme represents a certain conflict of interest. After all, the company will never be interested in effective traders, so often unscrupulous brokers interfere in traders’ trading.
The most important tool in the hands of a dishonest broker is the stop order and the trader’s profit, which the company may not execute, transfer or fix, as it is convenient for it.
Manipulating quotes in modern conditions is not possible, since such facts would very quickly be identified and made public, but the stop order and profit still remain the most vulnerable point.
Installing the “Invisible Stops” advisor
The robot called “Invisible Feet” is to some extent reminiscent of a regular script. After all, the only thing it does is set a stop order and profit.
It does this without sending a message to the server. Thus, the broker does not see your profit and stop orders, which means that he will not be able to influence your trading in any way.
Installing the robot into a trading terminal is extremely simple, since the development itself is included in the official MT4 developer library, which allows us to install it in two ways.
To install the “Invisible Stops” robot through the library, launch your MT4 trading terminal and move to the “Terminal” tab, where the latest information on your balance is located.
Then go to the library tab and do a simple sorting so that only advisors are displayed in the list. Find the robot named “Invisible Feet” in the list and download it using the additional menu as shown in the image below:
If installation according to the standard scheme is not successful, install the robot according to the standard scheme.
To do this, you will need to download the expert file at the end of the article, and then drop it into the appropriate folder in the data directory, namely the folder called Expert.
After installation, be sure to restart your trading terminal or update it in the “Navigator” panel. In order for the expert to start working, drag it onto the chart of the currency pair for which you plan to open trades.
How the script works
This advisor does not open the trader’s positions, but actively supports them and fixes either profit or loss.
If we talk about the principle of operation, the adviser simply monitors price changes and if it deviates from the point of opening a transaction by a certain number of points specified in the settings, profit or loss is recorded.
Thus, the advisor can record profit and stop orders only in the enabled mode, and since the closing of the transaction occurs after the fact, and not through a pre-issued order, the broker simply does not see your profit and stop order.
By the way, the expert is an assistant and works regardless of what time frame or asset you installed it on, the main thing is that it is on the chart of the pair on which you opened the trade.
The settings contain only three variables that a trader can customize depending on the risks that the trader observes in personal trading. Thus, in the “Stoploss” and “Take Profit” variables, the profit and risk limit is set in points, and in the Slipage variable the maximum slippage to set profit and stop orders.
In conclusion, it is worth noting that the “Invisible Stops” advisor can protect you and your strategy from unauthorized intervention by the broker, and can also be of great benefit to scalpers who simply do not have time to set a stop and profit during the period of active trading.
Download the advisor “Invisible Stops”