Can brokers see your indicators? (2024)

Can brokers see your indicators?

The broker cannot "SEE" what you have on your charts. The broker can tell if your trades are triggered manually or by an EA, but they cannot see your indicators, drawings etc.

Can brokers see your EA?

Oh yes a broker's server will know whether or not you're using an EA. If your broker is credible, then there's nothing to worry about. All you have to do is ensure your broker is ECN regulated.

Do trading indicators really work?

Indicators are great tools if a trader understands their true purpose. Of course, you can just look at price action and get an idea for momentum or volatility, but indicators take out the guesswork and make information processing much faster and easier.

Is it good to trade without indicators?

Things like moving averages and RSI are derivatives of past price action. This means that if you understand price and how it moves on a fundamental level, you have no need to rely on external indicators. Professional traders use a combination of volume and price to make money.

How do brokers trade against you?

Your broker is your counterparty. This means that if you want to buy or “go long”, the broker will take the opposite side of your trade and sell to you or “go short”. The same thing happens if you want to sell or “go short”, the broker will take the opposite side of your trade and buy from you or “go long”.

How do you know if a broker is scamming you?

Visit FINRA BrokerCheck or call FINRA at (800) 289-9999. Or, visit the SEC's Investment Adviser Public Disclosure (IAPD) website. Also, contact your state securities regulator. Check SEC Action Lookup tool for formal actions that the SEC has brought against individuals.

Which trading indicator has the highest accuracy?

Which is one of the most accurate trading indicators? The most accurate for trading is the Relative Strength Index. It is considered one of the best momentum indicators for intraday trading. It helps investors identify the shares which are bought and sold in the market.

Does pro traders use indicators?

Some professional traders use just one indicator such as moving average or VWAP. Others rely on indicators like the Relative Strength Index (RSI) and the MACD. In other words, don't try to master all of them. Finally, always test the indicator well before you start using it in a live account.

How many indicators should a trader use?

Some traders may use only one or two indicators, while others may use several. Some common indicators used in technical analysis include moving averages, Bollinger Bands, RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), and stochastics.

What are the disadvantages of indicators in trading?

Technical analysis and indicators can be useful tools for traders in analyzing market trends and making informed trading decisions. However, they do have some downsides, such as subjectivity and the inability to account for fundamental factors.

Do brokers want you to lose?

It is a common misconception to believe that all forex brokers want their clients to lose. In reality, the success or failure of individual traders does not necessarily impact the broker's profitability directly.

Do brokers make money when you lose a trade?

Some brokers earn a profit when their clients lose money on trades, which is something you'd want to avoid. In this instance, brokers don't hedge anything and instead accept all market risk, taking the position opposite to yours.

Why do brokers give up trades?

The most common scenario when a give up will occur is when a client wants to place a trade and their normal broker cannot place the trade for whatever reason. Since the introduction of electronic and automated trading, the give up has become less and less popular, although it is still used in certain situations.

How do I see all indicators in TradingView?

To open the indicator selection menu, click on the Indicators button on the top toolbar. The Technicals tab contains indicators for technical analysis.

How do I remove indicators from TradingView?

To remove an indicator or see its settings, open the chart legend by clicking the arrow button under the symbol name: Complete the following steps afterwards: Click the cross icon to remove an indicator; Click the gear icon to change the settings of an indicator.

Do Wall Street traders use indicators?

Technical indicators are widely used by traders and investors to analyze stock performance and make informed decisions.

Can you trust a broker?

There are several ways to check and see if your broker is legit. Always do your homework beforehand. Check the background of the firm and broker or planner for any disciplinary problems in the past, beware of cold calls, and check your statements for funny business.

What is the most common complaint about brokers from sellers?

Conflict of Interest

The Real Estate License Law prohibits brokers in a transaction from acting for more than one party without the knowledge of all parties for whom the broker acts. The most common complaints deal with dual agency, seller subagency, and special relationships between the parties.

What happens if a broker makes a mistake?

In theory, if you have lost money because your broker (or any financial institution) gave you bad advice, mismanaged your investments, misled you, or took other unlawful or unethical actions, you can sue for damages. If these breaches of duty are provable, the "merits of the case" are strong, as a lawyer would say.

Which indicator give buy and sell signals?

Stochastics are a favored technical indicator because they are easy to understand and have a relatively high degree of accuracy. It falls into the class of technical indicators known as oscillators. The indicator provides buy and sell signals for traders to enter or exit positions based on momentum.

Which indicator is best for scalping?

What is the most bullish indicator?

The 'Golden Cross' occurs when a short-term moving average, like the 50-day SMA, crosses above a longer-term moving average, such as the 200-day SMA. In the chart above, we can see this trend after the golden cross. This is seen as a bullish signal, indicating a potential upward momentum.

What is the most used indicator for day trading?

Moving averages, relative strength index (RSI), volume, and Bollinger Bands are among the most commonly used indicators. However, it is crucial to remember that indicators alone cannot guarantee success. Traders must combine indicators with sound risk management strategies, market analysis, and experience.

Which indicator is better than MACD?

The MACD is known for its accuracy in identifying trends and momentum in the market, while the RSI is better at detecting overbought or oversold conditions. Despite their usefulness, both indicators can produce false signals if used in isolation or with the default setting.

What is the big move indicator?

Overview This indicator calculates volatility using the Rule of Thumb bandwidth estimator and incorporating the standard deviations of returns to get historical volatility. There are two options: one for the original rule of thumb bandwidth estimator, and another for the modified rule of thumb estimator.