Indicators Requesting Unlimited Access
Indicators Requesting Unlimited Access
12 Jul 2021, 09:12
Hi All
This platform is great in many ways and like to keep using it, though there are many features missing that
we see in other packages like divergence chart overlay (histogram or line chart on top of bar chart) advanced volume
profile and fast scaling out of position missing.
Having said that even trying to use indicators to fill the gap presents road blocks when these indi's request
UnlimiteD access permissions which cant see why it would need "unlimited" access?
Promted to say yes puts the risk onto the common trader understanding of what unlimited access means from
the unknown developer accessing his account platform permissions
This seems like indicators running in the wild so not ideal at all for any user should there be a developer or
malware trust issue as imagine every unknown developer shouldn't be automatically trusted to have unlimited access
1. Shoudn't there be some sort of ratings system on developers to declare what theyre accessing and build trust?
2. Could more detail be provided and what areas unlimited access is granted or does indi like volume
profile need unlimited access eg: funding permissions, file system, etc
3. Is there anyone vet's the developers code to know it can be trusted as some indi's take you to their site?
4. Maybe also developer should declare in simple format what areas the indi needs access to work?
Would hope multiple solutions to this problem would go a long way in giving traders confidence when prompted
for permissions.
Please VOTE for this idea ;)
Thanks kindly
Replies
tradex1
14 Jul 2021, 03:49
( Updated at: 14 Jul 2021, 03:53 )
RE:
PanagiotisCharalampous said:
Hi tradex1,
Thanks for your suggestion. But all this info needs to be provided by the developer, not by Spotware. It's impossible for us to monitor every possible cBot/Indicator that exists out there. Our obligation here is to warn you, something that we do. If you do not trust the developer and you don't know what does the source code do, just don't use the cBot/Indicator.
Best Regards,
Panagiotis
"But all this info needs to be provided by the developer, not by Spotware"
This doesnt make any sense as spotware should be the gatekeepers of the platform enviroment and control much like what apple does with their apps, microsoft is doing
to their platform and possibly google does too.
So if the developer code is doing something unscrupulas, the trader would have to understand code, trust a fancy website and a complete developer stranger to portray as
as good developer when they could perform malicious unscrupulas or financial crimes against traders without anyone knowing possibly ever by way of skimming front running etc or other crimes most traders dont know understand?
"It's impossible for us to monitor every possible cBot/Indicator that exists out there. Our obligation here is to warn you, something that we do"
Couldnt framework or api's or whatever limit monitor vet what a developer could perform activity illegally?
Otherwise the everyday trader has No way of knowing understanding what is trustworthy and what is not other than a fancy videos, website indicator that does one thing for user
and other things in the background?
What does the unlimited access mean when prompted by an indicator?
Does this mean they could access a traders funds?
Does it mean it could use username and passwords?
Could it frontrun trades?
Or many other things?
How much at risk is the trader and his account?
Thanks
@tradex1
PanagiotisCharalampous
14 Jul 2021, 08:11
Hi tradex1,
This doesnt make any sense as spotware should be the gatekeepers of the platform enviroment and control much like what apple does with their apps, microsoft is doing
to their platform and possibly google does too.
Windows works the same way. It just warns you that some code needs administrative rights to be executed. It doesn't tell you what the code does. It's impossible.
Couldnt framework or api's or whatever limit monitor vet what a developer could perform activity illegally?
No. If we put limits, we will mutilate thousands of honest developers.
Otherwise the everyday trader has No way of knowing understanding what is trustworthy and what is not other than a fancy videos, website indicator that does one thing for user
and other things in the background?
Again, if you do not trust what you are executing, just don't
What does the unlimited access mean when prompted by an indicator?
It means that the indicator code has unlimited access to your computer.
Does this mean they could access a traders funds?
Does it mean it could use username and passwords?
Could it frontrun trades?
Or many other things?
The permissions are associated with what the code can do on your computer, not what it does with your trading account. An indicator/cBot can mess with your trading without any special permission. You have given this permission from the moment you added it and executed it on cTrader. So for the last time, don't use code that you do not trust :)
Best Regards,
Panagiotis
Join us on Telegram and Facebook
@PanagiotisCharalampous
PanagiotisCharalampous
13 Jul 2021, 10:44
Hi tradex1,
Thanks for your suggestion. But all this info needs to be provided by the developer, not by Spotware. It's impossible for us to monitor every possible cBot/Indicator that exists out there. Our obligation here is to warn you, something that we do. If you do not trust the developer and you don't know what does the source code do, just don't use the cBot/Indicator.
Best Regards,
Panagiotis
Join us on Telegram and Facebook
@PanagiotisCharalampous