Question Westernpips TradeMonitor or MT5 Feeder
- Thread starter sojib
- Start date
- Credits
- 0
it will cost 30$ mt5 feeder
WesternPips = scam
I bought the full version. Never made any money, too much excuses by WesternPips team
There is no point in using the trade monitor. Just imagine, the feed from the server goes to the program, the program is transferred to the EA in MT and the order opens. Too much time wasted. there is no sense in arbitrage trading. In the new hope the feed is already included in the Expert Advisor and it does not lose time, it works instantly.
yeah.but no sharing
MT5 Feeder
Hello, somebody checked this broker of Latvia www.renesource.com as a fast broker?
Funny.People got it from me,Which i Purchased from Codewise and Now sharing it here.It useless,I mean Westernpips :/
please share full version.
Do you still use westernpips?
- Credits
- 40
Kalau mau bermain arbitrage ya harus pakai kode api dari brokernya,dan monitornya pun harus dari dalam broker itu sendiri agar tau saat terjadi harga yang tidak sama di dalam satu server broker itu
How much u buy westernpips bro ? Soo Difficult & too complicated to sett this EA.
- Credits
- 1,252
It’s a funny situation, of course. Yesterday, a respected member created a separate thread dedicated to Westernpips Private 7 — and it disappeared somewhere. Apparently, the administration deemed the topic to be in violation of the rules. The same member then popped up in another thread, calling for people to “pay attention to Private 7.” Well, let’s pay attention.
Only here’s the catch: there’s nothing to pay attention to. The delay arbitration is dead, and Private 7 is not a “new product” — it’s a well‑packaged waste of time. Here’s why:
1. Brokers no longer slow things down. Previously, you could find a feed with a latency of 200–500 ms and “slice” it through a fast ECN. Now, the round‑trip latency for normal brokers is 5–25 ms. By the time WP7 blinks, the broker will have re‑evaluated the quotes three times and rejected your order via last‑look. Fast software won’t help against a fast broker.
2. Competition has eaten into the margins. Break-even latency today is 5–25 ms. There are already four players with equal latency on this field, and the individual expected profit drops by ~75%. If you’re not in the top 3 in terms of speed, you’re not an arbitrageur — you’re a sponsor of those who are in the top.
3. Toxic scoring identifies you faster than you open a trade. Stable profit with zero risk + a characteristic pattern within a 50–200 ms window = transfer to a pool with worse conditions, withdrawal refusal, or blocking. No software can bypass this — it’s not a technical issue, it’s the broker’s policy.
4. Retail arbitrage has become an institutional game. Colocation in LD4/NY4, FIX API with latency below 1 ms, direct feeds from CME and LMAX — all of this is available, but it costs so much that a retail trader with a WP7 license simply can’t compete. It’s like going out on the track with a Renault against a Formula 1 car — you can do it, but what’s the point?
So yes, Private 7 is technically, perhaps, not bad software. It just operates in a market that no longer exists. Like a fax in the era of messengers: the device is reliable, the paper is high‑quality, but you can’t send it to anyone — everyone has email now.
To the esteemed participant — greetings and respect for your persistence. But if the thread is deleted again, it won’t be censorship, but mercy.
- Credits
- 1,252
Good afternoon, colleague!
Oh, “mode expansion” is perhaps one of the most enigmatic terms I’ve come across in the context of Westernpips. It sounds as if we’re talking about some secret technique from a special forces arsenal, but in reality, it’s just a typical marketing gimmick.
In short, and to be honest: "regime expansion" is not some kind of magic "Loot" button, but an attempt to describe the market's transition from a state of compression to a state of expansion. In a simple way: when the market is hovering in a narrow range for a long time, and then "bang" — and begins to fly in one direction. In normal trading, this is called a range breakdown or the beginning of a trend. In the context of delay arbitrage, this apparently means that the software is trying to catch the moment when price streams from different brokers start to diverge sharply.
It sounds nice. The problem is that catching this moment in delay arbitrage is roughly the same as trying to catch a running train while standing on the platform with your eyes blindfolded. By the time your WP7 “expands the mode,” the broker will have already updated the quotes three times, rejected the order via last‑look, and marked you as a toxic flow.
Now let’s talk about ATRR. To be honest, I spent a long time looking for what this thing is, and in the context of Westernpips, I didn’t find anything clear. In trading, ATR (Average True Range) is a standard volatility indicator that shows the average price range over a period. ATRR, apparently, is just the ratio of two ATRs with different periods: ATRR = (ATR1 / ATR2) * 100. That is, it’s an indicator that shows how much the current volatility differs from the “baseline” one. If ATRR is rising, volatility expands; if it’s falling, it contracts.
Why is this relevant in delay arbitrage? To be honest, it’s unclear. Perhaps it’s an attempt to add a “smart filter” for entry: they say we only trade when volatility expands. But in delay arbitrage, you don’t predict volatility — you catch a price divergence that has already occurred. ATRR here is like a fifth wheel on a cart: the cart is already barely moving, and now there’s another wheel that spins according to its own logic.
Why do people “persistently adhere” to this idea? I think it’s for the same reason some still believe the Earth is flat: because someone once said it “works,” and it sounds complicated enough not to check. In delay arbitration, so many pseudo‑innovations have emerged in recent years (regime expansion, phantom drift, adaptive expansion framework) that it creates the impression of intense activity. But in fact, all of this is just an attempt to revive a strategy whose break‑even latency is 5–25 ms, and where competition eats up 75% of the margin.
Does it even work? Let’s be honest: if “mode expansion” and ATRR actually provided an edge, Westernpips wouldn’t be selling the software for $1,300 — they’d be quietly pocketing the profits at the institutional level. Instead, we see a classic picture: the product has been discontinued, but the team continues to convince the forum that “the new version will change everything.” Spoiler: it won’t.
So don’t worry if you don’t understand how it works. Most likely, it doesn’t work — at least not the way they promise. And if it does work, it will only do so until the first email from the broker with the wording “your account has been moved to the category of professional participants with individual terms.”
Oh, “mode expansion” is perhaps one of the most enigmatic terms I’ve come across in the context of Westernpips. It sounds as if we’re talking about some secret technique from a special forces arsenal, but in reality, it’s just a typical marketing gimmick.
In short, and to be honest: "regime expansion" is not some kind of magic "Loot" button, but an attempt to describe the market's transition from a state of compression to a state of expansion. In a simple way: when the market is hovering in a narrow range for a long time, and then "bang" — and begins to fly in one direction. In normal trading, this is called a range breakdown or the beginning of a trend. In the context of delay arbitrage, this apparently means that the software is trying to catch the moment when price streams from different brokers start to diverge sharply.
It sounds nice. The problem is that catching this moment in delay arbitrage is roughly the same as trying to catch a running train while standing on the platform with your eyes blindfolded. By the time your WP7 “expands the mode,” the broker will have already updated the quotes three times, rejected the order via last‑look, and marked you as a toxic flow.
Now let’s talk about ATRR. To be honest, I spent a long time looking for what this thing is, and in the context of Westernpips, I didn’t find anything clear. In trading, ATR (Average True Range) is a standard volatility indicator that shows the average price range over a period. ATRR, apparently, is just the ratio of two ATRs with different periods: ATRR = (ATR1 / ATR2) * 100. That is, it’s an indicator that shows how much the current volatility differs from the “baseline” one. If ATRR is rising, volatility expands; if it’s falling, it contracts.
Why is this relevant in delay arbitrage? To be honest, it’s unclear. Perhaps it’s an attempt to add a “smart filter” for entry: they say we only trade when volatility expands. But in delay arbitrage, you don’t predict volatility — you catch a price divergence that has already occurred. ATRR here is like a fifth wheel on a cart: the cart is already barely moving, and now there’s another wheel that spins according to its own logic.
Why do people “persistently adhere” to this idea? I think it’s for the same reason some still believe the Earth is flat: because someone once said it “works,” and it sounds complicated enough not to check. In delay arbitration, so many pseudo‑innovations have emerged in recent years (regime expansion, phantom drift, adaptive expansion framework) that it creates the impression of intense activity. But in fact, all of this is just an attempt to revive a strategy whose break‑even latency is 5–25 ms, and where competition eats up 75% of the margin.
Does it even work? Let’s be honest: if “mode expansion” and ATRR actually provided an edge, Westernpips wouldn’t be selling the software for $1,300 — they’d be quietly pocketing the profits at the institutional level. Instead, we see a classic picture: the product has been discontinued, but the team continues to convince the forum that “the new version will change everything.” Spoiler: it won’t.
So don’t worry if you don’t understand how it works. Most likely, it doesn’t work — at least not the way they promise. And if it does work, it will only do so until the first email from the broker with the wording “your account has been moved to the category of professional participants with individual terms.”