Volatility Factor2.0

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Broker Spy Module - Volatility Factor 2.0 Pro

August 12, 2020

We add this article to help all the traders to learn more about a new and a very powerful module which is added to Volatility Factor 2.0 Pro. This module, wich is called Broker Spy Module, will help the traders to spy the broker conditions. Now, you can detect what kind of conditions your broker offer such as entry slippage, average slippage, exit signal trades, average spreads, speed and etc.

 

Broker Spy Module - Volatility Factor 2.0 Pro
 

The BROKER SPY MODULE compares the initial entry/exit price ordered from the robot, with the actual broker execution price. The difference between the ordered price and the broker execution price is the actual slippage. If the broker is a correct one (and you are not trading news, spikes or other extreme scalping techniques) the slippage could be either positive, or negative. In long term the average slippage should be close to zero.

Unfortunately some brokers are literally stealing from their clients with tendentious negative slippage without any objective market reason. This is why we’ve developed the BROKER SPY MODULE – to provide to our users this extremely important information - an inside look to the broker’s behavior.

The BROKER SPY MODULE aggregates the whole important information of all trades executed from the robot since it is started. All statistics is written on an external file, so even if you restart the robot multiple times the statistics will not be lost. If you change the magic number of the robot, the robot will create a new file and the statistic will start from that moment. All statistics files from different magic number initializations will be kept with the used magic number in the name of the file. If you want to continue the statistics on some particular file you just need to initialize the robot with the same magic number as is in the file name. The BROKER SPY MODULE statistics files are located in the MT4 Data Folder->MQL 4->Files.

The BROKER SPY MODULE also provides important information about the average order execution delay. The order execution delay could be initiated from the broker in low liquidity conditions, or other objective reasons. Unfortunately in some cases some brokers could use this tendentiously to steal their clients. In other cases the orders delay could be caused by poor, or busy internet connection. However in all possible scenarios this is a very important information to know. It could be considered as normal if your order delay is below 1000 ms (1s) in normal market conditions, unless you do not get a tendentiously negative slippage.

In addition the BROKER SPY MODULE provides statistics for the average spread for all moments in which the robot initiate a trade signal.

Here is what exactly the BROKER SPY MODULE (BSM) statistics show:

The values in the brackets represent the extracted from the BSM history file data, from all previews initializations of the robot. The values outside the brackets represent the statistics since the last initialization of the robot.

  • First Trade – the date and time of the first trade from the statistics.
  • Last Trade – the date and time of the last trade from the statistics.
  • Total Errors – the total number of recorded errors for all type of orders
  • Stop/Limit Orders - the total number of successfully placed pending orders
  • Stop/Limit Deals - the total number of successfully activated pending orders
  • Market Trades - the total number of successfully executed market orders
  • Total Entry Slippage – the total slippage from all market and all activated pending orders in standard 4 digit pips.
  • Average Slippage – the average slippage from all market and all activated pending orders in standard 4 digit pips.
  • Average Speed – the average time delay for accepting of all type of orders in milliseconds (ms)
  • Exit Signal Trades – the total number of successfully executed exit market orders
  • Total Exit Slippage - the total slippage from all exit market orders in standard 4 digit pips.
  • Average Slippage – the average slippage from all exit market orders in standard 4 digit pips.
  • Average Speed - the average time delay for accepting of all exit market orders in milliseconds (ms)
  • Average Spread – average spread for all trading signals generated from the robot in standard 4 digit pips.
  • Last Signal Spread – the spread for the last trading signal generated from the robot
  • High Spread Count – the total number of cases in which the trade is canceled due to high spread, considering the MaxSPREAD setting.

 

 



 

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