Policies and Procedures for the use of MetaTrader4 by clients using BrightWin’s platform
Definition of Expert Advisor
An Expert Advisor is a program capable of automating the analytical and trading processes inthe terminal/trading platform (e.g. MetaTrader4), without any direct human involvement. All tasks are performed automatically by the EA following previously set parameters.
Use of Expert Advisors on trading Platforms
Although there are no restrictions to the use of Expert advisors, BrightWin does not offer any EA programs to its clients and does not provide any technical information or support for any EA program. BrightWin does not advise or recommend the use of any EA.
BrightWin offers its customers the possibility to receive signals from regulated entities that they can choose to follow at their own discretion.
It is the client’s responsibility to understand the functionality, technical requirements, advantages and disadvantages of any chosen EA. BrightWin does not offer any customer and/or technical support for EA chosen/used by the client. It is the client’s sole responsibility to ensure the proper use of the EA, including any testing and compatibility with BrightWin’s platform. BrightWin will not be responsible for any of the following, but not exclusively limited to, actions resulting from the use of an EA:
- Logic/algorithm or coding of an EA
- Available liquidity at the various liquidity providers
- Hardware environment between a clients’ EA, BrightWin and its liquidity providers
- Software environment between a clients’ EA, BrightWin and its liquidity providers
- Network between a clients’ EA, Cresco and its liquidity providers
- MT4 server settings and the impact on the performance of the EA
- Slippage
- Unexecuted and/or delayed execution of trades sent from an EA
- Financial losses
- Incentives paid for the use of EAs
In addition, BrightWin does not allow the use of EA actively seek to trade on false prices or that BrightWin believes show evidence of market manipulation or other illegality or which could jeopardize the integrity of BrightWin’s trading platform.
BRIGHTWIN RESERVES THE RIGHT TO DEACTIVATE ANY EXPERT ADVISOR OR OTHER PLUG-IN BEING USED BY A CLIENT WITHOUT