How to Hide Your Stops from a Broker

ctid399636
06 Dec 2017, 18:10

Hi Paul,

I've just joined this forum having downloaded cTrader for the first time today. Surfing the net to find out what I can about the platform I found your site and had a look at the tools you provide. They look interesting and, if I stick with cTrader, I might well be tempted by some of your widgets. However, this one I don't get! ;-)

The reason I don't get it is that as I understand it, cTrader operates completely independantly of the broker - FxPro in my case. The good folk at Spotware claim their key USP is that cTrader can't be manipulated in any way by the broker which puts users of the platform on a level playing field with everyone else. See this post by Panagiotis: 

. . .You all know that cTrader was introduced as a pure STP/ECN/NDD platform  (and still is without the DD add on) at times when trading technology was subject to limited control and brokers could manipulate most parts of a trading system. Therefore there was a need for a platform that would guarantee proper order execution without any sort of manipulation.

Throughout these years cTrader and Spotware have educated hundreds of thousands of traders regarding fair trading practices and we believe that we have raised awareness amongst traders while pushing brokers to adapt more transparent practices. . .

The point I'm making is that if we are to believe Panagiotis and his Spotware colleagues, then your stealth order software won't make any difference to the way orders are executed by FxPro? Doubtless, I'm misunderstanding either what your software is for or what 'a pure STP/ECN/NDD platform' is - so if you can shed some light on this I'd be grateful.

Cheers,

Tim.

ClickAlgo
06 Dec 2017, 18:32

Hi Tim,

You are right on what you said and that the platform has been designed to prevent this from happening, but some traders still believe that the broker stop hunts their positions, I personally do not believe they do, but the feature is there if anybody wants to use it.

Paul.